ITD Cementation India Ltd. reported an 11% increase in net profit to Rs 87 crore in Q3 FY25. Revenue also grew by 11% to Rs 2,245 crore. The company’s order book stands at Rs 19,893 crore. Share prices closed higher at Rs 531.20, with analysts projecting a potential upside of 17.3%.
Results for: Indian Business
Hexaware Technologies is re-entering the public market with an IPO after four years. Brokerages give it positive ratings due to strong revenue growth, reasonable valuation, and a diversified client base. The company’s strategic focus and AI investments make it a promising prospect in the competitive IT sector.
Oil India’s net profit plunged 33.4% to Rs 1,222 crore in Q3 of FY2024-2025, down from Rs 1,834 crore in the previous quarter. Revenue also decreased by 5.1% to Rs 5,239.6 crore due to lower crude oil sales. This signals a challenging period for the company and the Indian energy market.
India’s top 10 companies suffered a collective market capitalization loss of Rs 61,880.5 crore on Friday. Reliance Industries, TCS, and ITC Ltd. experienced the most significant declines. The banking sector also felt the impact, with SBI, ICICI Bank, and HDFC Bank witnessing substantial losses. This market downturn reflects the current volatility in the Indian business landscape.
India’s Commerce Minister, Piyush Goyal, has ruled out additional regulations for the lab-grown diamond industry, stating that the sector is thriving under the existing self-regulatory framework. The government is engaging with G7 nations regarding traceability requirements to protect Indian interests and explore alternative markets.
Mazagon Dock Shipbuilders Ltd. exceeded expectations with a 30% surge in net profit to Rs 768 crore in Q3 FY24-25, surpassing analysts’ estimates. Revenue also saw a 33.1% increase. The positive results led to a share price increase.
Jeet Adani, son of Gautam Adani, marries Diva Jaimin Shah today in a simple ceremony in Ahmedabad. The couple is donating to support 500 disabled women’s weddings annually instead of a lavish celebration.
Cochin Shipyard’s Q3 net profit fell 28% to Rs 177 crore, despite an 8.6% revenue increase to Rs 1,148 crore. EBITDA also dropped 23%, and profit margins narrowed. The company’s performance reflects current market challenges.
Aurobindo Pharma’s Q3 net profit fell by 9.7% to ₹846 crore, missing analyst estimates. Revenue increased by 8.5% to ₹7,979 crore. The company’s shares closed flat, despite the profit decline.
Sobha Ltd. reported a 44% surge in consolidated net profit to Rs 21.6 crore in Q3 FY25, driven by a 79% rise in revenue to Rs 1,224 crore. However, EBITDA decreased by 10%, resulting in a narrower profit margin.