Indian real estate developers posted stronger profitability in FY25 with cash EBITDA margins improving to 42%. However, cash flows weakened as working capital needs rose and free cash flow shrank. Nuvama flagged steady margins but warned of rising capital intensity ahead.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.