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17 Feb

GlaxoSmithKline Pharma Q3FY25: Net profit jump 400% to Rs 228.58 crore

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GlaxoSmithKline (GSK) Pharmaceuticals on Friday announced a 402 per cent year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter (Q3 FY25) to Rs 228.58 crore, up from Rs 45.49 crore in the same period last year. The company’s revenue from operations rose to Rs 946.36 crore, a 17.5 per cent Y-o-Y increase from Rs 804.98 crore in Q3 FY24. Sequentially, the company’s net profit fell 8.08 per cent, whereas revenue declined 5.4 per cent, from Rs 248.68 crore and Rs 1,000.05 crore, respectively, reported in Q2 FY25. The performance is attributed to the company's strong growth across key product portfolios. GSK…

15 Feb

Easy Trip Q3 results | Net profit, margins drop despite 172% gain in hotel bookings

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Online travel service provider Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% year-on-year (YoY) decline in net profit for the third quarter ended December 31, 2024, to ₹45.6 crore from the same quarter in FY24. Revenue from operations declined 6.5% to ₹150.5 crore as against ₹160.9 crore in the same period last fiscal. At the operational level, EBITDA (earnings before interest, tax, depreciation and amortization) declined 21.8% YoY to ₹47.7 crore from ₹61 crore in Q3FY25, while EBITDA margin declined to 31.7% from 37.9% in the same quarter last fiscal. For the nine months ended December 31,…

14 Feb

Swiggy shares rose after reports of potential commission hike

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Swiggy shares jumped as much as 8% in Thursday's trade, according to media reports. According to media reports, about 5,000 merchants will face a 2% hike in the commission they pay to the company. The report indicated that Swiggy is implementing rate adjustments for partner merchants operating under the old commission model. On Thursday, Swiggy shares recorded their best rise in two weeks. However, the stock lost some of its intraday gains, closing at ₹365.50, up 7.1% on the NSE. The food-tech giant had earlier informed select restaurant partners via email that the standardisation would be effective from February 16,…

13 Feb

Ashok Leyland shares inflation over 7%, net profit jumps 31% in Q3

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Shares of Ashok Leyland, a leading commercial vehicle maker and the Indian flagship of the Hinduja Group, jumped nearly 7% during intraday trade after the company reported its highest ever net profit of ₹762 crore in the December quarter. The company's standalone net profit in the third quarter of the current fiscal year rose 32% year-on-year to ₹762 crore compared to ₹575 crore in the same period last year. The company's net profit in the previous September quarter of 2024 was ₹770 crore. Ashok Leyland's revenue rose to ₹9,479 crore in the quarter under review compared to ₹9,273 crore in…

12 Feb

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

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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

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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

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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

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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

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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

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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…