India’s industrial production growth eased to 3.2 percent in December 2024, a three-month low, primarily due to underperformance in mining and manufacturing. The November figure was revised downwards, highlighting economic fluctuations.
Results for: India Business
Life insurance industry experienced a minor 0.9% dip in Annual Premium Equivalent in January 2025. Private insurers balanced LIC’s decline in group single premiums. New surrender value guidelines and rising competition impacted growth. LIC generates 90% of premiums through agency channel, while private insurers rely on bancassurance for 50%.
Devyani International’s weak Q3 results, especially in India, led brokerages like JPMorgan and CLSA to cut target prices. Despite challenges for KFC and Pizza Hut, the company’s India business is expected to recover. International business performed well, and expansion plans are on track. Market analysis suggests mixed trends.
India’s primary market is set for a busy second week of February with nine public issues scheduled. Three major IPOs include Quality Power, Hexaware Technologies, and Ajax Engineering. These offerings range from concreting equipment to tech solutions, indicating market optimism and growth across sectors.
Century Plyboards reported a 6.1% decrease in net profit to Rs 58.8 crore for Q3 2024, despite a 21.7% revenue increase to Rs 1,140.47 crore. Higher input and finance costs impacted profits. The company expanded with a new subsidiary in the Netherlands and acquired Century Infotech.
Ola Electric, India’s largest electric two-wheeler maker, reported a widening net loss of Rs 564 crore in Q3 FY25, with revenue falling by 19.4% to Rs 1,045 crore. This indicates a significant challenge for the company and the Indian electric vehicle market.
Motherson Wiring is expanding with three new plants in Pune and Gujarat, focusing on EV and ICE components. While Q3 FY25 profitability was affected by start-up costs, analysts maintain a positive outlook, citing strong market positioning and the electric vehicle boom.
Aurobindo Pharma’s Q3 FY25 revenue hit a record high of Rs 7,979 crore, but net profit dropped 9.7% to Rs 846 crore, missing analyst estimates. Increased R&D expenses and reduced sales of a specific product impacted the profit margin. Despite this, the company is optimistic about future growth.
KPI Green Energy’s share price jumped 5% after reporting strong third-quarter earnings. Revenue surged 38.8% to Rs 458 crore, and net profit rose 68.3% to Rs 85.2 crore. This reflects the company’s strong market presence and effective business strategies in India’s renewable energy sector.
Titan Company’s strong brand, expansion plans, and positive financial projections indicate a bright future. Analysts predict significant growth in the coming years, making it an attractive investment despite its high valuation. However, independent financial advice is recommended before investing.