Corporate News
L&T Q3 Profit Declines Despite 53% Surge in Orders, Rising Costs Pressure Margins
However, L&T's revenue showed strong growth, increasing by 17% year-on-year to Rs 64,668 crore in Q3FY25, up from Rs 55,128 crore in Q3FY24.
Maruti Suzuki Reports 16% Growth in Q3 Net Profit, Reaches ₹3,727 Crore
Its revenue from operations increased by 15.7 per cent to Rs 38,764.3 crore in the third quarter of the current fiscal, up from Rs 33,512.8 crore in the same quarter of the previous fiscal.
Bajaj Finance Reports 18% Rise in Q3 Profit, Reaches ₹4,308 Crore
Net interest income grew 23% to ₹9,382 crore, driven by strong business performance across its subsidiaries, Bajaj Housing Finance Ltd and Bajaj Financial Securities Ltd.
Cipla's Q3 Net Profit Jumps 49% to ₹1,575 Crore, Revenue Up 7%
The company's revenue from operations grew by 7 per cent YoY to Rs 7,073 crore, compared to Rs 6,604 crore in Q3 FY24, according to its exchange filing.
Tata Steel Q3 Profit Drops 43% to ₹295 Crore, Revenue Declines
Net profit of Tata Steel compared to Rs 522.14 crore in the same period last year. The company sequentially posted a steeper fall in net profit at 61.1 per cent from Rs 758.84 crore in the preceding quarter (Q2 FY25), said the company's exchange filing.
Kotak Mahindra Bank Acquires Standard Chartered India's Personal Loan Business for Rs 3,330 Crore
The acquisition, which received the necessary regulatory approvals, will help Kotak strengthen its position in the retail credit market, Kotak Mahindra Bank said in an exchange filing.
HUL Reports 19% Profit Growth in Q3, Acquires 90.5% Stake in Minimalist for ₹2,955 Crore
Its biggest FMCG company announced the acquisition of a 90.5% stake in direct-to-consumer beauty brand Minimalist for Rs 2,955 crore, with the remaining 9.5% stake to be acquired from its founders, Rahul and Mohit Yadav, within two years.
HDFC Bank Reports 2.2% Net Profit Growth in Q3 Despite Rise in Gross NPA
For the December quarter, the bank's profit stood at Rs 16,736 crore, compared to Rs 16,373 crore in the same period last year.
Paytm Q3 Consolidated Loss Shrinks to Rs 208.5 Crore
The company said it posted a loss of Rs 221.7 crore in the same period a year ago.
Wipro's Q3 Net Profit Increases 4.5% to Rs 3,254 Crore
The company has declared an interim dividend of Rs 6 per share.
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