Market News
5 min read | Updated on January 30, 2025, 12:20 IST
SUMMARY
Shares of Hitachi Energy India, one of the leading technology companies, and the Indian arm of Hitachi Energy zoomed as much as 20% to ₹12,277.50 apiece on the NSE on Thursday, January 30, a day after the company reported a strong set of numbers for the quarter ended December 31, 2024 (Q3 FY25).
At 12:08 PM, the S&P BSE SENSEX was trading at 76,768.44, up 235.48 points, or 0.31%. Image: Shutterstock
At 12:08 PM, the S&P BSE SENSEX was trading at 76,768.44, up 235.48 points, or 0.31%, while the NSE's NIFTY50 index was trading at 23,266.65, up 103.55 points, or 0.45%.
Tata Motors on Wednesday reported a 22% decline in consolidated net profit to ₹5,578 crore for the third quarter ended December 2024.
It added that its consolidated total revenue from operations stood at ₹1,13,575 crore against ₹1,10,577 crore in the year-ago period.
Bajaj Finance is a subsidiary of Bajaj Finserv Ltd.
The filing added that Whirlpool India will remain a relevant part of Whirlpool Corporation's portfolio, and the company continues to believe Whirlpool India has a strong long-term trajectory for growth.
CAMS, which acts as a registrar and transfer agent for mutual funds, on Wednesday reported a 40.2% jump in its consolidated profit after tax at ₹124.11 crore in the three months ended December 2024.
This was in comparison to a profit after tax (PAT) of ₹88.53 crore in the same quarter of the preceding fiscal, according to a statement.
The company's revenues rose by 27.6% to ₹370 crore in the October-December quarter of the current financial year (FY25) from ₹289.68 crore a year ago.
In addition, the company has recommended an interim dividend of ₹17.5 per share, the statement noted.
The company on Thursday announced that it has successfully signed a contract agreement with Coal India Limited to develop a 300 MWAC grid-connected ground-mounted solar PV plant with operation & maintenance (O&M) services for five years at GIPCL’s Solar Park in Khavda, Gujarat. The contract price is ₹1,311.40 crore, with completion expected by November 2025.
The company reported a net profit of ₹132 crore in the quarter that ended on December 31. This is against a ₹30 crore loss reported in the corresponding quarter of the previous financial year. The company's revenue from operations rose 18% year-on-year to ₹3,105 crore. It had reported ₹2,626 crore in revenue from operations in Q3 of FY24.
The stock took a hit as the company's numbers were below analysts' expectations.
The company on Wednesday said its consolidated net profit increased 8% to ₹52 crore in the December quarter.
The company had recorded a net profit of ₹49 crore in the year-ago period, JBM Auto said in a statement.
Sales, including other operating income, stood at ₹1,396 crore in the third quarter of the current fiscal year, up 4% compared to ₹1,346 crore a year ago.
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