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Swiggy shares rose after reports of potential commission hike
14 Feb

Swiggy shares rose after reports of potential commission hike

Priyanka RoyBusiness, News
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,…
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Ashok Leyland shares inflation over 7%, net profit jumps 31% in Q3
13 Feb

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

Priyanka RoyBusiness, News
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…
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IRCTC put up a strong performance in the December quarter, reporting a 14 percent inflation in net profit
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…
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Delhivery shares drop 5% despite net profit doubling to ₹25 crore in Q3
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…
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Amara Raja reports 10% jump in Q3 revenue to Rs 3,164.02 crore
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…
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Bikaji Foods shares downgrade 13% after Q3 net profit falls nearly 40% year-on-year; see details
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%…
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Apollo Tyres Q3 profit, margins downgrade estimates, revenue up
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…
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Angel One shares increase 7% after firm’s January business update
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…
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Lucky Punter Wins €250,000 in Latest Lotto Draw
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…
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Greaves Electric Mobility sees sales inflation in January
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…
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