India’s public sector banks (PSBs) have reported a record cumulative net profit of ₹1.78 lakh crore for the fiscal year FY2024-25, marking a 26% year-on-year (YoY) growth. This milestone reflects the sector’s turnaround from losses in FY18, driven by government-led reforms and recapitalization efforts. Financial Highlights Government-Led Reforms Driving Growth The turnaround of PSBs is…
Reliance Power Ltd, led by Anil Ambani, has reported a net profit of ₹126 crore for the fourth quarter of FY2024-25, marking a significant turnaround from a net loss of ₹397.6 crore in the same period last year. The company attributes this recovery to lower expenses and improved operational efficiency. Financial Highlights Operational Performance Reliance…
Larsen & Toubro (L&T), India’s leading engineering and construction conglomerate, has announced its financial results for the fourth quarter of FY2024-25, reporting a 25% year-on-year (YoY) increase in consolidated net profit to ₹5,497 crore. The company attributes this growth to strong order inflows and operational efficiencies. Financial Highlights Dividend Declaration & Market Performance L&T’s board…
Asian Paints Ltd, India’s largest paint manufacturer, has reported a 45% year-on-year (YoY) decline in net profit for the fourth quarter of FY2024-25, amounting to ₹692.1 crore. The company attributes the drop to weak demand conditions and rising operational costs. Financial Highlights Dividend Declaration & Market Performance Asian Paints’ board has recommended a final dividend…
State-owned power sector financier REC Ltd has announced its financial results for the fourth quarter of FY2024-25, reporting a 5.66% year-on-year (YoY) increase in net profit to ₹4,309.98 crore. The company attributes this growth to higher revenues and strong operational performance. Financial Highlights Dividend Declaration & Market Performance REC’s board has recommended a final dividend…
Pidilite Industries Ltd, India’s leading manufacturer of adhesives, sealants, and construction chemicals, has announced its financial results for the fourth quarter of FY2024-25, reporting a 40.5% year-on-year (YoY) increase in net profit to ₹427.5 crore. Despite the strong profit growth, the company’s earnings fell short of market estimates. Financial Highlights Dividend Declaration & Market Performance…
Biocon Ltd, a leading biopharmaceutical company, has announced its financial results for the fourth quarter of FY2024-25, showcasing a remarkable 153% year-on-year (YoY) increase in net profit to ₹344 crore. The company attributes this surge to strong operational performance across its generics, biologics, and research services divisions. Financial Highlights Strategic Developments & Expansion Plans Biocon…
Birla Corporation Ltd, the flagship company of the M P Birla Group, has reported a robust financial performance for the fourth quarter of FY2024-25, with a 32.8% year-on-year (YoY) increase in net profit to ₹256.6 crore. The company attributes this growth to higher capacity utilization and improved realizations, driven by an uptick in demand and…
Coal India Ltd (CIL) has reported a 12% year-on-year (YoY) increase in its Q4 FY25 consolidated net profit, reaching ₹9,604 crore, driven by higher income and operational efficiencies. Financial Performance Highlights Operational Developments Coal India’s Ib Valley coal washery, operated by Mahanadi Coalfields Ltd (MCL), became the largest non-coking coal washery in India, generating ₹314…
Housing and Urban Development Corporation (HUDCO) has announced a 28% year-on-year (YoY) increase in its net profit, reaching ₹2,709 crore for FY25, driven by strong loan disbursements and improved asset quality. The company also plans to raise $2 billion through overseas borrowings, primarily targeting the Japanese market. Financial Performance Highlights Overseas Fundraising Strategy HUDCO plans…
