Suryoday Small Finance Bank Q3 Results: Profit slumps 42% to Rs 33 crore
Suryoday Small Finance Bank reported a 42% YoY drop in Q3 FY25 net profit to ₹33.3 crore due to higher expenses and worsening asset quality, despite 25.8% growth in gross advances.
MMT posts a profit of $27 million in Q3, revenue at $ 267.4 million
MakeMyTrip posted a Q3 FY25 profit of $27M, up from $24M last year, with revenues rising 26.2% to $267.4M. Strong growth in gross bookings, international outbound, and operating profit drove performance.
Premium brands, new markets to lift AABL’s spirits high
Associated Alcohols and Breweries (AABL) outperformed market volatility, gaining 27% in three months. The company’s focus on premium products, expanded proprietary brands, and new markets supports analysts’ forecast of 26% revenue and 40% profit growth by FY27.
Spandana Sphoorty Financial suffers 2nd quarterly loss, breaches borrowing covenants, regulatory norm
Spandana Sphoorty Financial posted a ₹440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by ₹626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.
United Spirits Q3 Results: Net profit down 4% at Rs 335 crore
United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit.
Mankind Pharma net profit drops 16% to Rs 385 crore in Q3FY25
Mankind Pharma’s Q3 FY25 net profit declined 16% YoY to ₹385 crore despite a 24% revenue increase to ₹3,230 crore. Domestic revenues rose 17%, exports more than doubled, and consumer health grew 30%.
Tech View: Nifty faces crucial resistance at 23,500; breakout needed to negate bearish sentiment. How to trade on Friday
Hardik Matalia of Choice Broking warns that if the Nifty breaks below the crucial 23,000 support level, it could fall further to 22,500. To negate the current bearish sentiment, the index needs a decisive close above 23,500. Key resistance levels to watch are 23,300 and 23,500.
Market keenly watching if Budget could trigger mass market consumption: Sunil Subramaniam
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes, possibly increasing the lower tax threshold. Domestic institutional investors will likely view this positively, as increased consumption could drive private sector capex and overall economic growth.
FII Tracker: Broad-based selloff across sectors, financials bleed Rs 12,000 crore
Foreign institutional investors (FIIs) offload Rs 35,658 crore in Indian stocks in early January, citing rising US bond yields and a weakening rupee. Financials suffer the most with Rs 12,200 crore sold, while minimal buying is seen in textiles and media. Analysts recommend focusing on quality stocks and defensive sectors, anticipating continued volatility.
Retail investors doubled down on these 10 smallcaps even in downturn. Are they worth buying?
Retail investors have increased their stakes in certain smallcap stocks during the December quarter despite market corrections. Notable performers include Kitex Garments, V2 Retail, and Indraprastha Medical, which have doubled investor wealth in six months. However, experts advise caution given the inherent risks in smallcap investments.