News Archives - Page 21 of 42

SBI’s net profit upsurge 84 percent to Rs 16,891 crore in the third quarter

6Feb

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Finance, News

SBI’s net profit upsurge 84 percent to Rs 16,891 crore in the third quarter

India's largest public sector lender, State Bank of India (SBI) on Thursday reported an impressive 84.32 percent rise in net profit (year-on-year) for the October-December quarter (Q3 FY25) to Rs 16,891 crore from Rs 9,164 crore in the same period a year ago.The profit surge was driven by higher core income during the quarter. According to the bank's stock exchange filing, net interest income (NII), or core income, rose 4.09 percent to Rs 41,445.5 crore compared to a year ago.Gross NPA ratio improved to 2.07 percent as of December 31, 2024, against 2.13 percent in the September quarter. On a sequential basis, the net NPA ratio remained unchanged at 0.53 percent as of December 31, 2024.The bank's ROA and ROE for the nine months of this fiscal (FY25) stood at 1.09 percent and 21.46 percent,...

J Kumar Infra shares increase 5%, company reports stellar Q3 earnings

5Feb

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Business, News

J Kumar Infra shares increase 5%, company reports stellar Q3 earnings

Shares of J Kumar Infraprojects jumped 5 percent after the company posted a stellar earnings performance in the December quarter. The company's Q3 earnings showed a jump in net profit as well as revenue, while margins remained stable. At 1.43 pm, J Kumar Infraprojects shares were trading at Rs 724.90 on the NSE. The company's net profit rose 21 percent year-on-year to Rs 99.70 crore as against Rs 82.60 crore in the same quarter last year. Revenue also grew 22 percent to Rs 1,486.90 in the third quarter as against Rs 1,218.70 crore in the same quarter last fiscal. Follow our market blog to catch all the live action The company's order book stood at Rs 20,529 crore at the end of the December quarter. The order book comprises a diverse mix of projects, with metros (elevated and u...

Suzuki Motorcycle India sales increase 14% in January

4Feb

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Business, News

Suzuki Motorcycle India sales increase 14% in January

Two-wheeler maker Suzuki Motorcycle India on Monday said its total sales rose 14 per cent to 108,921 units in January as compared to the same month last year. The company, the two-wheeler arm of Japanese auto major Suzuki Motor Corporation, sold a total of 95,762 units in January 2024, Suzuki Motorcycle India Pvt Ltd said in a statement. The company said domestic sales grew 9 per cent to 87,834 units during the last month as against 80,511 units sold in the same month last year, while exports witnessed a robust 38 per cent year-on-year growth, reaching 21,087 units in January 2025 as against 15,251 units in the same period a year ago. Suzuki Motorcycle also said that as of the end of January 2025, it has achieved cumulative sales of 10,40,025 units so far in FY 2024-25, surpassin...

KPI Green Energy shares gain 5%, hit 52-week high; know why

3Feb

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Business, News

KPI Green Energy shares gain 5%, hit 52-week high; know why

KPI Green Energy shares have gained 293% in two years and 662% in three years. Shares of KPI Green Energy Ltd hit an upper circuit of 5% on Monday after the company said the firm's board will consider a proposal to declare a third interim dividend for the financial year 2024-25. The company will also announce its third quarter earnings on February 6. The multibagger stock rose 5% to hit a 52-week high of Rs 405 in the current trading session. The power stock opened at Rs 397 on the BSE today against its previous close of Rs 385.75. The stock has gained 293% in two years and 662% in three years. A total of 0.72 lakh shares of the firm were traded on the BSE, generating a turnover of Rs 2.91 crore. The company's market cap on BSE stood at Rs 7,974 crore. The stock hit a 52-week low...

GHCL reports marginal downturn in revenue, 69% rise in consolidated net profit in Q3 FY25

1Feb

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Business, News

GHCL reports marginal downturn in revenue, 69% rise in consolidated net profit in Q3 FY25

Soda ash maker Gujarat Heavy Chemicals Ltd (GHCL) on Friday reported a 69% rise in consolidated net profit in Q3 FY25 to Rs 168 crore as against Rs 100 crore in the same period last year. Its revenue in the third quarter fell 1% to Rs 807 crore from Rs 813 crore in the same period a year ago. The company's share price closed at Rs 728.80, up 1.43% from Rs 718.55 yesterday. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) for GHCL rose 57% to Rs 259 crore from Rs 165 crore in the same period last year. GHCL's EBITDA margin stood at 32.0% in the quarter as against 20.3% in the previous year. According to a GHCL report, this is attributed to the company's operational strength resulting in cost savings. The company's operating expenses declined 15% year...

KPIT Tech shares upgrade 12% on 20% rise in net profit in Q3, firm raises margin guidance

31Jan

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Business, News

KPIT Tech shares upgrade 12% on 20% rise in net profit in Q3, firm raises margin guidance

KPIT Technologies has reported a 20 percent rise in consolidated net profit to Rs 187 crore in the December quarter. It reported a net profit of Rs 155 crore in the year-ago period, according to a regulatory filing on January 29, 2025. Revenue for the quarter under review stood at Rs 1,478 crore, up 17.6 percent from Rs 1,257 crore in October-December of FY24. The company has also raised its EBIT margin guidance for FY25. Shares of KPIT Technologies rose 11.58 percent to Rs 1,404.9 per share on the NSE after the company raised its margin guidance. The stock rebounded after three consecutive sessions of decline. The company now expects its EBITDA margin to be over 21 percent, as against over 20.5 percent estimated earlier. It has maintained its constant currency revenue growth gui...

Nokia Q4 results: Net profit beats estimates, upsurge 38%; sales rise 17%

30Jan

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Business, News

Nokia Q4 results: Net profit beats estimates, upsurge 38%; sales rise 17%

Finland's Nokia on Thursday reported a stronger-than-expected rise in fourth-quarter adjusted operating profit and sales, helped by higher demand for telecoms gear from mobile operators in North America and India, and was optimistic about 2025 prospects. Shares of the telecoms gear maker were up 3 percent at 0840 GMT, outperforming a 0.4 percent rise in Europe's STOXX 600 index. Nokia's quarterly net sales rose 10 percent to 5.98 billion euros ($6.2 billion), above analysts' estimate of 5.74 billion euros in an LSEG poll. The company said sales at its network infrastructure business rose 17 percent, led by a strong recovery in demand for communications service providers, particularly in North America. "What we have seen before is that when markets change, the North American ma...

Shahid Kapoor said working with family is ‘not a good idea’ after working with father Pankaj: ‘Feelings will get hurt if I say something’

29Jan

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Entertainment, News

Shahid Kapoor said working with family is ‘not a good idea’ after working with father Pankaj: ‘Feelings will get hurt if I say something’

Shahid Kapoor said working with family members can get complicated. His father Pankaj Kapoor and brother Ishaan Khatter are also actors.Shahid Kapoor has been in the film industry for the past 20 years and even before he entered the industry, his father Pankaj Kapoor has been a part of films and was known as a very respected actor. Shahid has worked with his father in films like Jersey and Mausam but now the actor has said that he does not want to work with his family.In a conversation with Bollywood Hungama, Shahid said, "I don't work with family, it is not a good idea. Family and work should be dealt with separately; if they come together, it gets complicated. I would not want to work with them because their feelings will get hurt if I say something. So it is better to keep it clean."In...

Yes Bank shares flourish 3%, but ICICI Securities retains ‘sell’ rating on the stock; know why

28Jan

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Business, News

Yes Bank shares flourish 3%, but ICICI Securities retains ‘sell’ rating on the stock; know why

Yes Bank shares rose 3.39 percent to hit an all-time high of Rs 18.25 on the BSE. The stock has declined 23 percent in the last one year. Despite Yes Bank Ltd shares surging in Monday's trade after a rise in third quarter earnings, ICICI Securities has retained its 'sell' rating on the stock, and lowered its price target to Rs 15 from Rs 16 earlier. The brokerage said operating income as a percentage of assets improved 10 basis points sequentially in the December quarter, but is still subdued at 1.04 percent. It estimates annual compounded loans to grow by 12 per cent for FY24-26. Yes Bank shares rose 3.39 percent to hit an all-time high of Rs 18.25 on the BSE. The stock has declined 23 percent in the last one year. The brokerage said, "We appreciate YES's improving operating ...

ACC Q3 Results: Profit increase 103.06% to Rs 1,091.79 Crore, Volume Growth of 21%

27Jan

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Business, News

ACC Q3 Results: Profit increase 103.06% to Rs 1,091.79 Crore, Volume Growth of 21%

ACC Limited on Monday released its fiscal third quarter earnings report, reporting profit at Rs 1091.79 crore, registering a growth of 103.06 percent compared to Rs 537.67 crore recorded during the same period last fiscal. It recorded revenue from operations at Rs 5207.29 crore, up 7.25 percent from Rs 4855.22 crore recorded during the third quarter of FY24. The revenue growth was helped by an increase in trade sales volume (up 11 percent) and premium product as a percentage of trade sales growing to 32 percent. The company's EBITDA stood at Rs 1115.7 crore, up 23.4 percent compared to the same period last year. ACC recorded highest ever quarterly volume growth of 21 per cent at 10.7 MnT. The company recorded cash and cash equivalents of Rs 2526 crore, up by Rs 1091 crore during ...