JK Paper okayed a ₹500 crore power project, saw lower Q3 profits due shutdowns; and planted 9.5 crore saplings across five Indian states; shares closed lower at ₹326.
RVNL’s EBITDA margin for the period narrowed by 50 basis points year-on-year to 4.7% from 5.2% earlier. The stock is down over 50% from its August 2024-peak of ₹647.
Mohit Gang, CEO & Co-founder of Moneyfront, said that while arbitrage funds continue to offer a return advantage over liquid funds, the gap has narrowed sharply, with the differential shrinking from about 1.23% earlier to roughly 90 basis points.
Berger Paints posted flat revenue and an 8% YoY profit decline in Q3, offset by strong volume growth, record gross margins and management optimism on improving demand trends.
KNR Constructions’ net profit plunged 58.7% to ₹102.8 crore for Q3 of the current financial year, down from ₹248.6 crore in the year-ago period. The firm won a ₹319.24-crore project during the quarter; shares closed lower at ₹148.85.
Hitachi Energy India posted a strong Q3 with profit nearly doubling, revenue up 29% YoY and margins expanding, supported by robust order inflows and electrification-led demand.
Astral Ltd Q3 net profit fell 5.5% at ₹107.7 crore, but revenue rose 10.3% at ₹1,541.5 crore. Q2 saw strong profit growth and set a solid base for Q3 performance.
Berger Paints posted flat revenue and an 8% YoY profit decline in Q3, offset by strong volume growth, record gross margins and management optimism on improving demand trends.
Sales volumes for Page Industries in Q3 grew by 1.4% from last year to 58.6 million pieces. The company said that the new launches made by them have received a healthy response and it positions themselves well to accelerate growth.
Kunal Shah, Vice President and Head of Commodities Research at Nirmal Bang Securities, said the recent 40% crash has effectively ended the bull run in silver and flagged rising demand destruction from the industrial sector—where users are increasingly replacing silver…