Great Eastern Shipping Company Ltd, India’s largest private sector shipping firm, has reported a 60% year-on-year (YoY) decline in net profit for the fourth quarter of FY2024-25, amounting to ₹363 crore. The company attributes the drop to lower freight rates and weaker global demand. Financial Highlights Dividend Declaration & Market Performance Great Eastern Shipping has…
ideaForge Technology Ltd, a leading Indian drone manufacturer, has reported a net loss of ₹26 crore for the fourth quarter of FY2024-25, marking a sharp reversal from a net profit of ₹10 crore in the same period last year. The company’s revenue plunged 80% YoY to ₹20 crore, compared to ₹102 crore in Q4 FY24,…
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…
Poco is gearing up to launch its next flagship smartphone, the Poco F7, as recent leaks and certifications suggest an imminent release. The device was recently spotted on the US Federal Communications Commission (FCC) website, hinting at a global debut, including India. Poco F7: Expected Specifications According to reports, the Poco F7 is likely to…
Samsung has officially launched the Galaxy F56 5G in India, introducing a sleek design, upgraded performance, and six years of Android OS and security updates. The smartphone is positioned as a mid-range offering with premium features, including AI-powered editing tools, Samsung Knox Vault security, and Tap & Pay support. Samsung Galaxy F56 5G: Price &…
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…
