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NMDC Q3 net profit rises 62.6% Y-O-Y to Rs 1,469.7 crore
Money Control
·
1y ago
Medial
India's largest iron ore producer, NMDC, reported a 62.6% increase in its consolidated net profit for the December quarter compared to the same quarter last year. The rise was attributed to strong domestic steel demand. NMDC's net profit stood at Rs 1,469.73 crore ($206 million) for the quarter, a sequential increase of 43%. The company's consolidated revenue from operations also rose by 45% year-on-year, reaching Rs 5,409.9 crore ($759 million). The increased demand for iron ore and rising prices contributed to NMDC's positive results.
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Reliance Jio beats Street, tariff hike lifts Arpu after three quarters | Mint
Livemint
·
9m ago
Medial
Reliance Jio, the telecom arm of Reliance Industries, has reported better-than-expected results for the September quarter. The company's net profit rose 14.76% q-o-q to ₹6,539 crore, while revenue from operations increased 7.67% q-o-q to ₹31,709 crore. The Ebitda also surpassed estimates, rising 17.8% to ₹15,931 crore. Jio's average revenue per user (Arpu) in September was ₹195.1, up 7.4% y-o-y and sequentially. The company also added 4.2% more customers, taking the total to 479 million. However, Jio lost 10.9 million subscribers in the quarter, higher than expected.
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Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X
Entrackr
·
6m ago
Medial
Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X Info Edge, the parent company of Naukri and 99acres, released its unaudited financial results for Q3 FY25. According to the company’s update sourced from the National Stock Exchange (NSE), revenue from operations grew by 15.2% to Rs 722 crore in Q3 FY25 from Rs 627 crore in Q3 FY24. The company recorded Rs 2,100 crore in revenue during the first nine months of FY25, with profits reaching Rs 632 crore. Info Edge derives the majority of its revenue—73%—from Naukri.com, which contributed Rs 527 crore in Q3 FY25, marking a 12.3% year-on-year growth compared to Q3 FY24. Meanwhile, revenue from 99 acres reached Rs 104 crore, while the Jeevansathi and Shiksha segments collectively generated Rs 91 crore during the same quarter. The company added another Rs 187 crore from interest on deposits and investments, which pushed its overall revenue to Rs 9,094 crore in Q3 FY25, compared to Rs 660 crore in Q3 FY24. Info Edge spent 62.6% of its overall expenditure on employee benefits, which increased by a modest 9.7% year-on-year to Rs 305 crore in Q3 FY25. Its advertising and internet costs stood at Rs 82 crore and 20 crore, respectively. The company’s overall cost grew 7% YoY to Rs 487 crore in Q3 FY25 from Rs 455 crore in Q3 FY24. The steady growth and surge in other income with controlled expenditure led its profits to increase by 142% to Rs 288 crore in Q3 FY25, compared to Rs 119 crore in Q3 FY24. On a unit level, it spent Rs 0.67 to earn a rupee in Q3 FY25. As of 4:40 PM, Info Edge is trading at Rs 7,910, reflecting a Rs 203.1 increase following today's results. Its total market capitalization value improved to Rs 1,02,501 crore ($12.2 billion).
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CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25
Entrackr
·
6m ago
Medial
CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25 CarTrade released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Wednesday. The company reported a 26% year-on-year revenue growth compared to Q3 FY24, with a major turnaround in its bottom line. CarTrade’s revenue from operations surged 26.6% to Rs 176 crore in Q3 FY25 in contrast to Rs 139 crore in Q3 FY24, as per the firm’s unaudited consolidated financial results sourced from the National Stock Exchange (NSE). The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 39% of the total operating revenue which increased to Rs 68 crore in Q3 FY25 from Rs 50 crore in Q3 FY25. Income from the remarketing and classified segment stood at Rs 58 crore and Rs 50 crore in the third quarter of the ongoing fiscal year. CarTrade also added Rs 17 crore from other non-operating businesses which tallied its overall revenue to Rs 193 crore in Q3 FY25, compared to Rs 152 crore in Q3 FY24. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 7.3% to Rs 73 crore during the period. This cost also includes share-based expenses of Rs 3.36 crore. CarTrade’s overall expenses increased 12% to Rs 140 crore in Q3 FY24 from Rs 125 crore during Q3 FY24. The strong growth and controlled spending enabled CarTrade to achieve a turnaround and post a net profit of Rs 45.5 crore in Q3 FY25, compared to a loss of Rs 23.5 crore in Q3 FY24. However, the company had already recorded a revenue of Rs 472 crore and a net profit of Rs 99 crore during the nine months of the ongoing fiscal year. CarTrade recorded a 4.78% hike in its share price today and is trading at Rs 1,433.3 (as of 12:47) with a total market capitalization of Rs 6,789 crore or $800 million.
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Sula Vineyards Q3 results: Net profit rises to ₹24.98 crore on strong demand
Livemint
·
1y ago
Medial
Sula Vineyards, India's largest wine manufacturer, reported a 9% increase in Q3 profit due to higher demand for its premium brands and wine tourism business. Consolidated net profit rose to ₹42.98 crore ($5.2 million) compared to ₹39.28 crore last year. The wine segment revenue increased by 4%, while wine tourism revenue grew by 16%. The company's EBITDA margins also expanded, and an interim dividend of ₹4 per share for FY2024 was declared.
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Ixigo reports strong growth with 73% surge in revenue, net profit rises to Rs 19 crore - The Economic Times
Economic Times
·
23d ago
Medial
Ixigo reported a 73% year-on-year increase in operating revenue, reaching Rs 314 crore, driven by strong travel demand and digital bookings. Net profit rose to Rs 19 crore, up from Rs 15 crore in Q1 FY25.
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Jhunjhunwala stock: CLSA expects bank to pluck low-hanging fruit, calls its 'inexpensive'
Business Today
·
4m ago
Medial
Federal Bank aims to align its return metrics with major private sector banks under new CEO KVS Manian, who succeeded Shyam Srinivasan in September 2024. CLSA rates the stock at O-PF with a Rs 230 target, as it closed at Rs 195.35. Rekha Jhunjhunwala holds a 1.42% stake. The bank's market cap is Rs 47,955 crore, with improvements in NPAs. Net profit fell to Rs 955 crore in December 2024 from Rs 1007 crore year-over-year.
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Reliance posts record Rs 21,930 Cr profit as Jio, retail fuel growth
YourStory
·
6m ago
Medial
Reliance Industries Ltd reported a record net profit of Rs 21,930 crore for Q3 of fiscal 2024-25, boosted by performances in retail and telecom. Consolidated revenue rose 7.7% to Rs 2,67,186 crore. Reliance Jio's profit increased by 25.9%, with revenue up by 19.2%. Reliance Retail's profit grew by 10.1%, with revenue up by 8.8%, driven by new stores and festive demand. The O2C segment's revenue modestly increased by 6% amid weaker refining margins.
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Godfrey Phillips shares rise 9%, top BSE gainer; here's why
Business Today
·
5m ago
Medial
Godfrey Phillips India shares rose by 9.52% to Rs 5457.50 due to strong financial performance. The company reported a net profit of Rs 315.9 crore for Q3, marking a 48.7% year-over-year growth, and revenue of Rs 1,591.2 crore, a 27.3% increase. Its market cap stands at Rs 27,571 crore. The company produces cigarette brands like Four Square and has a distribution agreement for Marlboro with Philip Morris.
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Zomato’s revenue rises 74% on Blinkit, Hyperpure surge
Economic Times
·
1y ago
Medial
Zomato, the food and grocery delivery company, reported a net profit of Rs 253 crore for the April-June quarter, significantly higher than the Rs 2 crore profit in the same period last year. Operating revenue also rose by 74% to Rs 4,206 crore. The company's better-than-expected performance led to a spike in its share price, reaching a market capitalization of nearly $25 billion. Zomato's revenue growth was driven by its quick-commerce vertical Blinkit and grocery supply unit Hyperpure. The company is also launching a standalone app, District, for its going-out business, expanding beyond dining out.
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HDFC Bank CEO Jagdishan’s pay package rises by nearly 12% to Rs 12.08 cr in FY25
Economic Times
·
25d ago
Medial
HDFC Bank's CEO, Sashidhar Jagdishan, received an 11.8% pay increase, reaching Rs 12.08 crore in FY25. His compensation package includes a Rs 3.09 crore salary, Rs 3.46 crore in allowances, and a Rs 4.67 crore performance bonus. He also received 2,12,052 stock options. HDFC Bank's net profit rose 10.7% to Rs 67,347.4 crore, and deposits increased 14.1%, highlighting the bank's robust growth and strong asset quality.
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