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12 Feb

IRCTC put up a strong performance in the December quarter, reporting a 14 percent inflation in net profit

Priyanka RoyBusiness, News

Indian Railway Catering and Tourism Corporation (IRCTC), the catering and ticketing arm of the Indian Railways, reported December quarter earnings on Tuesday. For the quarter under review, the company's standalone net profit stood at Rs 341 crore, up nearly 14 percent from Rs 299.9 crore reported in the same period last year.The topline also rose to Rs 1,224.65 crore, reflecting a growth of nearly 10 percent over the same period last year. In Q3FY24, the state-run entity's revenue from operations stood at Rs 1,115.4 crore.The total expenses of the railway entity also rose during the quarter under review to Rs…

11 Feb

Delhivery shares drop 5% despite net profit doubling to ₹25 crore in Q3

Priyanka RoyBusiness, News

Delhivery shares fell as much as 5% during trading on Monday, February 10.The company reported its Q3 earnings after the market opened on Friday, February 7.The company's net profit rose 113% to ₹25 crore in the third quarter from ₹11.7 crore last year. Its revenue grew 8.4% to ₹2,378.3 crore. Its revenue was ₹2,194.4 crore in the third quarter of the previous fiscal.The company's earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.2% to ₹102.4 crore as against ₹109.2 crore in the previous fiscal.Its margins stood at 4.3% as against 5% last year.MD and CEO Sahil Barua said, "Profitability…

10 Feb

Amara Raja reports 10% jump in Q3 revenue to Rs 3,164.02 crore

Priyanka RoyBusiness, News

New Delhi: Energy and mobility leader Amara Raja Energy & Mobility Ltd (ARE&M) on Saturday reported revenue of Rs 3,164.02 crore for the third quarter of the current financial year (FY25), up 27% over the same period last year at Rs 422.16 crore. The company's earnings per share (EPS) grew 23% year-on-year on revenue of Rs 17.04. However, operating margins were impacted due to higher power expenses as a result of fuel and power purchase cost adjustments (FPPCA) approved by the Andhra Pradesh Electricity Regulatory Commission. Amara Raja's automotive and industrial battery businesses have performed strongly, particularly in the aftermarket…

08 Feb

Bikaji Foods shares downgrade 13% after Q3 net profit falls nearly 40% year-on-year; see details

Priyanka RoyBusiness, News

Shares of Bikaji Foods International tumbled as much as 13% during trading on Friday, February 7, after the company announced a sharp drop in profitability for the quarter ended December 2024 (Q3FY25). Shares of the leading snacks maker fell as much as 12.97% to hit an intraday low of ₹638.55 per share on the National Stock Exchange of India Ltd (NSE) on Friday. The stock rallied in six of the last seven sessions and has gained a total of 14% during this period. The stock has now declined 9.6% in the last one month but is still up over 16%…

07 Feb

Apollo Tyres Q3 profit, margins downgrade estimates, revenue up

Priyanka RoyBusiness, News

Apollo Tyres' Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore. The drop in profitability was due to weak operating performance and margin contraction. Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24. The figure also fell short of analysts' expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency. Raw material costs and competitive pricing…

06 Feb

Angel One shares increase 7% after firm’s January business update

Priyanka RoyBusiness, News

Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…

04 Feb

Lucky Punter Wins €250,000 in Latest Lotto Draw

DeepNews

A fortunate player has won a life-changing €250,000 in the National Lottery's recent draw. The winning ticket was purchased on January 27 at a Spar store on Drogheda Street in Balbriggan, Co. Dublin. Winners are advised to sign the back of their ticket, keep it safe, and contact the National Lottery's claims team to arrange prize collection. In the same draw, another player in Kerry won €155,382 by matching five numbers and the bonus number. Despite no winner for the €2 million jackpot, over 70,000 prizes were distributed across various tiers. Additionally, the National Lottery is seeking the winner of…

04 Feb

Greaves Electric Mobility sees sales inflation in January

Priyanka RoyBusiness, News

Greaves Electric Mobility Ltd (GEML), the e-mobility arm of Greaves Cotton Ltd, reported robust sales in January. Under the company's flagship Ampere brand, it sold 3,611 units in January, making it the 5th best-selling electric two-wheeler brands in India, according to the vehicle portal. The manufacturer reported a 53% year-on-year growth and a 27% month-on-month growth, driven primarily by sales of its premium family electric scooters - Nexus and Magnus Neo. Overall, retail growth for Ampere (including slow-speed vehicles) stood at 38% month-on-month, which is higher than the industry growth average. The Magnus Neo, the updated variant of the recently…

03 Feb

UPL shares progress 5% after Investec upgrades rating to ‘buy’, raises price target to Rs 700

Priyanka RoyBusiness, News

UPL shares jumped over 5 per cent after global brokerage Investec upgraded its rating on the stock to 'buy' from an earlier 'sell' call, and hit a 52-week high of Rs 636.80 on February 3. Apart from the rating upgrade, Investec also raised its price target for the stock to Rs 700, significantly higher than the previous target of Rs 450. Investec's optimism towards UPL is driven by expectations that the company will successfully reduce its overall debt levels in FY25. UPL's net debt stood at Rs 27,531 crore as of September 2024. The brokerage is also confident that UPL…

01 Feb

Ola Electric Mobility shares upgrade 12%, back close to IPO price on new launches

Priyanka RoyBusiness, News

Shares of Ola Electric Mobility Ltd jumped as much as 12% on Friday, January 31, after the company launched new vehicles and announced more launches in the near future. With Friday's surge, the stock is back close to its IPO price of ₹76. As of Thursday's close, Ola Electric Mobility shares were down 57% from their post-listing peak of ₹157. The company today launched the Ola Electric Gen 3, with MD and CEO Bhavish Aggarwal saying the company has again become a leader in terms of EV two-wheeler market share. Aggarwal also said that while the competition got "a bit…