Business

27 Jan

Indian Oil Q3 Earnings Preview | Dramatic upsurge in profit expected after weak Q2

Priyanka RoyBusiness, News

Indian Oil Corporation (IOC) Ltd will announce its third quarter earnings for the financial year 2024-25 on January 27. Analysts expect a sharp jump in profits, mainly due to the weak performance in the previous quarter (Q2 FY25). What to expect Profit jump: IOC is expected to report a profit of ₹6,140 crore, a significant rise from just ₹180 crore in Q2 FY25. Revenue growth: Revenue is estimated to grow 11% to ₹1.92 lakh crore compared to ₹1.74 lakh crore in the previous quarter. EBITDA improvement: Earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to increase from ₹3,772…

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25 Jan

ICICI Bank Q3 results preview: Net profit may inflation 10%, asset quality likely to remain stable

Priyanka RoyBusiness, News

ICICI Bank is set to announce its financial results for the October-December quarter (Q3FY25) on Saturday, January 25. Analysts expect the bank to report a healthy rise in profit on the back of strong loan growth and stable asset quality. According to a CNBC-TV18 poll, ICICI Bank's profit after tax (PAT) is expected to rise 10.3% to reach ₹11,332.7 crore compared to ₹10,271.6 crore in the same period last year. Meanwhile, the bank's net interest income (NII) is estimated to reach ₹20,461.4 crore from ₹18,678.6 crore in Q3FY24. The bank's asset quality is likely to remain stable. Brokerage firm Motilal…

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24 Jan

Centerfruit launches new campaign “Kaisi Jeebh Laplapayee” to highlight irresistible taste

Business BureauBusiness

Centerfruit, the iconic gum brand from Perfetti Van Melle, has launched an exciting new campaign to emphasize its core promise – an irresistible fruity flavor that keeps consumers coming back for more. The campaign, aptly titled "Kaisi Jeebh Laplapayee," introduces a new TVC directed by renowned director Prasoon Pandey, showcasing the delightful and playful experience that Centerfruit delivers with every bite. The campaign highlights Centerfruit’s signature taste through a humorous scenario involving a stranded city lady on a bullock cart racing against time to reach the airport. In a creative twist, the bullock cart driver uses his own craving for…

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24 Jan

Indus Towers shares surge on rise in Q3 earnings, Citi expects 32% surge

Priyanka RoyBusiness, News

Shares of telecom company Indus Towers rose two percent in the morning session on January 24 after the company reported better-than-expected earnings for the quarter ended December (Q3) of the current financial year (FY25). Indus Towers reported a consolidated net profit of Rs 4,003 crore for the quarter, registering a growth of 159.9 percent from Rs 1,541 crore in the corresponding quarter of the previous fiscal, led by significant collection of dues from Vodafone Idea and strong tower additions. The company saw its revenue from operations grow by 4.8 per cent to Rs 7,547 crore from Rs 7,199 crore in…

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23 Jan

Ujjivan Small Finance Bank Q3 results: Rise in provisions leads to 64% plunge in profit

Priyanka RoyBusiness, News

Ujjivan Small Finance Bank Ltd reported a 64% year-on-year drop in its profit during the three months ended December to Rs 109 crore due to a rise in provisions. Sequentially, the bank's profit declined 53%.The bank's provisions and contingencies rose to Rs 223 crore, up sharply from Rs 63 crore a year ago. A marginal rise in net interest income also capped the small finance bank's net interest income at Rs 887 crore, up 3% year-on-year. As a result, net interest margin fell to 8.6% in the October-December period from 9.2% a quarter ago and 8.8% a year ago. The…

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22 Jan

KISNA Jewellery’s campaign drives sales, awards 100 cars nationwide

Business BureauBusiness

KISNA Diamond and Gold Jewellery, one of India’s leading jewellery retail chains, has given away 100 Maruti Celerio cars to lucky customers, spread across the country. The cars were handed over to winners simultaneously at 11 cities as part of the grand conclusion of #Abki_Baar_Aapke_Liye campaign. Over 51,219 people participated in this engaging initiative, making it one of the most significant campaigns in KISNA’s history as well as the industry. The campaign, which went live on September 1, 2024, and concluded on January 18, 2025, offered participants the chance to win a car through a purchase of diamond, platinum, or…

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22 Jan

HDFC Bank Q3 results: Profit may rose to 3%, NII 6-8%; know what to watch out for

Priyanka RoyBusiness, News

HDFC Bank Q3 results: The largest private lender is likely to report a 0-3 percent rise in net profit for the December quarter, while net interest income (NII) will grow 6-8 percent. Provisions may rise sequentially, but decline on a year-on-year (YoY) basis. Net interest margin (NIM) may remain stable, banking analysts said, adding that management commentary on loan growth will be closely watched later today. Axis Securities expects HDFC Bank to report a 2.2 per cent year-on-year (YoY) rise in net profit at Rs 16,737 crore for the December quarter, as against Rs 16,373 crore in the same quarter…

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21 Jan

Airtel and Bajaj Finance forge partnership to boost digital financial services

Business BureauBusiness

Bharti Airtel and Bajaj Finance have entered into a groundbreaking partnership to create one of India's largest digital platforms for financial services, aimed at transforming the last-mile delivery of financial products and fostering digital inclusion across the country. Airtel, with its 375 million strong customer base, will progressively offer Bajaj Finance’s retail financial offerings through the Airtel Thanks App and its extensive network of stores. The partnership combines Airtel’s robust digital platforms and distribution capabilities with Bajaj Finance’s diverse suite of 27 products and its AI-driven strategy for efficient credit underwriting. Gopal Vittal, Vice Chairman and MD of Bharti Airtel,…

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21 Jan

Zomato Q3 results: Net profit decrease 57.2% to Rs 59 crore as against Rs 138 crore a year ago; shares fall

Priyanka RoyBusiness, News

Zomato Q3 results: Zomato on Monday reported a 57.24 per cent drop in its net profit to Rs 59 crore for the December 2024 quarter (Q3 FY25), according to a regulatory filing. Following this, its shares declined 7 per cent intra-day and closed at Rs 240.95 per share, down 3.14 per cent from the previous day.However, the food delivery platform's revenue grew 64 per cent to Rs 5,405 crore during October-December 2024 as against Rs 3,288 crore in the same period a year ago.Importantly, its quick commerce Blinkit, which had kept Zomato profitable in previous quarters, has reported an EBIT…

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20 Jan

Havells India shares upsurge despite marginal drop in third quarter net profit

Priyanka RoyBusiness, News

Havells India Ltd shares jumped on January 20 despite the company reporting a marginal drop in net profit in the December quarter. The home appliance maker's profit fell to Rs 283 crore from Rs 288 crore a year ago in the quarter ended December 31. Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses rose 12.3% to Rs 4,564 crore. Havells India shares were trading 1.5% higher at Rs 1,598 per share at 1:35 pm on January 20. This performance reflected strong demand from its switchgear project business, but it suffered inventory de-stocking in wires…

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