SBI Cards and Payment Services on Friday reported 10.15 per cent increase in net profit at Rs 445 crore for the second quarter of the current fiscal. The company had a net profit of Rs 404 crore in the July-September period of last fiscal (FY25). Total revenue increased by 13 per cent YoY at Rs…
Shares of Hyundai Motor India Ltd could fall over 26% from current levels, says domestic brokerage InCred Equities, while maintaining its Reduce call on the counter. Analysts have assigned a target price of Rs 2,023 per share, significantly lower than the previous close of Rs 2,737 per share. The brokerage believes that the government’s recent…
August 26, 2025August 26, 2025 Perplexity AI is launching a revenue-sharing program for publishers as it faces criticism and lawsuits over the use of media content in its AI search results. The company has set aside $42.5 million for the program. This will allow publishers…
Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd…
Ultratech Cement is expected to report a 30% year-on-year (YoY) growth in profit after tax (PAT) for the first quarter of FY26, while revenue is projected to rise 18% YoY, according to the average of estimates from five brokerages. The anticipated growth is largely attributed to robust volume expansion from recent acquisitions, modest price hikes…
Tier-1 IT services company Wipro will announce its Q1 earnings on Thursday, July 17. The company is expected to post soft revenue growth due to continued demand weakness in key markets like Europe and challenges in client budgets. However, brokerages project stable margins, supported by cost control and currency tailwinds. Profit after tax (PAT) is…
Shares of Kirloskar Ferrous Industries have rebounded 29% in the last three months thereby reducing the one-year fall to 22%. Analysts are optimistic about the company’s capacity expansion and cost‐saving initiatives. It has planned a capital expenditure of Rs 500–600 crore for the current financial year, directed largely towards expanding the steel plant and enhancing…
Fortis Healthcare Ltd on Tuesday reported a 7.44 per cent decline in consolidated net profit at Rs 188.02 crore in the fourth quarter ended March 2025 impacted by impairment on investment in an associate firm, property, plant and equipment, besides higher expenses. The company had posted a consolidated net profit of Rs 203.14 crore in…
The Government of Singapore on Friday bought over 1.84 crore shares of JSW Infrastructure worth Rs 531 crore via a block deal. The shares were bought at a price of Rs 288.1 which was at a discount of nearly 3% from the Thursday closing price of Rs 296.70. The Government of Singapore held 1.49% stake…
The fourth quarter earnings season is picking up momentum and on Monday as many as 78 companies will announce their quarterly numbers. Key earnings to watch out include from Tata Steel, UPL and SRF. Apart from the above, Zaggle, Ventive Hospitality, Usha Martin, Vijaya Diagnostic, Walchand Peoplefirst, CARE Ratings, Happiest Minds, Raymond, Sagar Cements among…