“Sectoral profits vary from 2% to 17% of profit pools. So, you would ideally want to buy these sectors when they are at the lowest end of the profit pool share in a cyclical sector and which is what we think that there is a potential trade which could last maybe another two-three-four years if … Read more
Pepsico’s bottling partner Varun Beverages, on Wednesday, announced their results for the quarter ended March 2025, wherein the company reported a consolidated net profit of Rs 731.30 crore, which is up by 33.45% YoY. Meanwhile, the revenue from operations rose by 29% YoY. The company’s revenue from operations stood at Rs 5,680 crore, up from … Read more
Kolkata: IDFC First Bank on Saturday reported a 53% year-on-year fall in net profit for the third quarter, on account of higher provisions to cover stressed loans. The net profit was Rs 339 crore for the quarter against Rs 716 crore in the year ago period. The bank attributed the fall in profit to the … Read more
HCL Technologies, India’s third largest IT services company by way of market capitalisation is expected to report an year-on-year revenue growth between 4.3% and 6.8% in the quarter ended December 31, 2024. The top line is expected to be in the range of Rs 30,091 crore to Rs 30,393 crore in Q3FY25 supported by growth … Read more
Executive search firm EMA Partners India is planning to launch an initial public offering (IPO) with a maximum offer of up to Rs 100 crore subject to approval.EMA Partners will be the first executive search firm to be listed in the country. The company, which started business in India in 2003, along with its subsidiaries, … Read more
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period. The earnings … Read more
State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. The total interest income earned by the NBFC during the quarter stood at Rs 13,485 crore which was up 18% over Rs 11,399 crore reported in … Read more
Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3% at Rs 2,071.26 crores as against Rs 1,750.84 crores recorded in the same period of the previous year. The Net Interest Income (NII) for the second quarter ended September, 30 2024 increased by 16.37% and stood at Rs 5,606.74 crores as against … Read more
Coforge shares surged 14% over the last two trading sessions, reaching a new 52-week high of Rs 7,755 during Thursday’s trading on the BSE. This increase follows the company’s announcement of a profit after tax of Rs 233.6 crore for the second quarter of FY25, marking a 24.3% year-on-year rise compared to the same quarter … Read more
Non-bank lender Mahindra Finance on Tuesday reported a 36 per cent growth in its consolidated net for the September quarter at Rs 390 crore. The lender had reported a post-tax profit of Rs 287 crore in the year-ago period. On a standalone basis, in the September quarter, net jumped 57 per cent to Rs 369 … Read more