Business

10 Feb

Amara Raja reports 10% inflation in Q3 revenue to Rs 3,164.02 crore

Priyanka RoyBusiness, News

New Delhi: Energy and mobility leader Amara Raja Energy & Mobility Ltd (ARE&M) on Saturday reported revenue of Rs 3,164.02 crore for the third quarter of the current financial year (FY25), up 27% over the same period last year at Rs 422.16 crore. The company's earnings per share (EPS) grew 23% year-on-year on revenue of Rs 17.04. However, operating margins were impacted due to higher power expenses as a result of fuel and power purchase cost adjustments (FPPCA) approved by the Andhra Pradesh Electricity Regulatory Commission. Amara Raja's automotive and industrial battery businesses have performed strongly, particularly in the aftermarket…

08 Feb

GNRC Hospital Celebrates 18th Foundation Day with Launch of ‘Sparsha’ Membership Scheme”

Business BureauBusiness

GNRC Ltd. a leading healthcare provider in the North East India, observed the 18th foundation of its second facility established to care for the community, at the NEDFi Convention Centre, Guwahati today. To commemorate the occasion, Dr. Nomal Chandra Borah, Founder, Affordable Health Mission and Group of GNRC Hospitals, highlighted “GNRC স্পর্শ (Sparsha) Scheme” is an innovative membership program designed to make quality health care more accessible and affordable for the people of Guwahati at a Price of Rs. 1500/ for membership. The “GNRC স্পর্শ (Sparsha) Scheme” offers a range of benefits, in terms of home visit at regular interval…

08 Feb

Bimal Cars in Lakhra, Guwahati Celebrates Success with Stakeholders’ Meeting

Business BureauBusiness

Tata Motors has successfully sold 7,131 vehicles through Bimal Cars in Lakhra, Guwahati. To mark this achievement, Bimal Cars hosted a meeting with key stakeholders today. The event was attended by the individuals and institutions who contributed to this success, including businesses and officials from the banking sector. Bimal Cars has announced a 50% discount on registration for petrol and diesel vehicles, while offering a 100% discount on registration for electric vehicles. The meeting attended by Bimal Cars Managing Director Bimal Saraogi, CEO Arihant Saraogi and General Manager Deepankar Das. The meeting highlighted the collaborative efforts that have led to…

08 Feb

Bikaji Foods shares plunge 13% after Q3 net profit falls nearly 40% year-on-year; see details

Priyanka RoyBusiness, News

Shares of Bikaji Foods International tumbled as much as 13% during trading on Friday, February 7, after the company announced a sharp drop in profitability for the quarter ended December 2024 (Q3FY25). Shares of the leading snacks maker fell as much as 12.97% to hit an intraday low of ₹638.55 per share on the National Stock Exchange of India Ltd (NSE) on Friday. The stock rallied in six of the last seven sessions and has gained a total of 14% during this period. The stock has now declined 9.6% in the last one month but is still up over 16%…

07 Feb

Eugenix Hair Sciences expands market leadership with growing demand in Agartala

Business BureauBusiness

Eugenix Hair Sciences, a premier name in the hair restoration industry, continues to set new standards with its advanced techniques trusted by cricketing legends, international athletes, and Bollywood celebrities. The clinic’s state-of-the-art facilities in Delhi-NCR, Mumbai, Hyderabad, and Bhubaneswar provide cutting-edge hair transplant solutions, blending scientific expertise with artistic mastery. Renowned cricketers such as Mohammed Shami, Ravi Shastri, and Mohammed Azharuddin have all turned to Eugenix for their transformative hair restoration procedures. Shami, who underwent a procedure with over 4,500 grafts, praised the results, stating, “The procedure exceeded my expectations.” Shastri, affirming his trust, said, “When it comes to hair,…

07 Feb

Apollo Tyres Q3 profit, margins decay estimates, revenue up

Priyanka RoyBusiness, News

Apollo Tyres' Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore. The drop in profitability was due to weak operating performance and margin contraction. Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24. The figure also fell short of analysts' expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency. Raw material costs and competitive pricing…

06 Feb

Angel One shares inflation 7% after firm’s January business update

Priyanka RoyBusiness, News

Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…

05 Feb

Bandhan Bank’s total business grows 17% to Rs. 2.73 lakh crore

Business BureauBusiness

Bandhan Bank has reported a 17% growth in its total business for the third quarter of the financial year 2024-25, closing at Rs. 2.73 lakh crore. The bank’s retail deposits now account for nearly 69% of its total deposits, which have grown by 20% year-on-year, reaching Rs. 1.41 lakh crore. In parallel, its loan book saw a 15% increase, amounting to Rs. 1.32 lakh crore. The bank’s robust performance is attributed to its expansion in distribution, operational efficiency, and a favorable operating environment. With nearly 6,300 banking outlets across India and a workforce of 78,400 employees, Bandhan Bank has solidified…

05 Feb

Thomas Cook shares lapse 12%, firm’s Q3 net profit drops 40% to Rs 50 crore

Priyanka RoyBusiness, News

Thomas Cook shares fell over 12 percent on February 4, a day after the company announced its Q3 FY25 earnings results. The company reported a massive drop of nearly 40 per cent in its Q3 net profit after market close on February 3. Shares of Thomas Cook (India) Ltd are trading at Rs 143.95 at 11.24 am. This represents a decline of 12.01 percent from the stock's previous close price. Thomas Cook's consolidated results for the quarter ended December 2024 saw a rise in sales, growing 8.87 percent to Rs 2,061.01 crore as compared to Rs 1,893.13 crore in the…

04 Feb

Nestle India Ltd. Its share price fell 0.45% to close at ₹2,316.90

DeepBusiness

Nestle India Ltd. saw a decline of 0.45% in its share price, closing at ₹2,316.90. This performance was part of a challenging trading session where the BSE SENSEX Index fell by 0.41% to 77,186.74. Nestle India's shares are currently 16.57% below their 52-week high of ₹2,777.00, recorded on September 27th. In comparison, Heritage Foods (India) Ltd. experienced a slight decline of 0.22% to ₹429.65, while Vadilal Industries Ltd. saw an increase of 0.97% to ₹3,922.90. The trading volume for Nestle India was 58,321, slightly above its 50-day average of 57,322. Analysts suggest that Nestle India's underperformance relative to its competitors…