RITES Q3 Results: Revenue up 6%, margin expands; dividend announced

RITES reported modest profit growth in Q3, while EBITDA rose sharply and margin expanded. The PSU also declared its third interim dividend, with shares trading higher post results.

RITES reported modest profit growth in Q3, while EBITDA rose sharply and margin expanded. The PSU also declared its third interim dividend, with shares trading higher post results.

Eureka Forbes’ exceptional loss of ₹40.44 crore was attributed to the estimated incremental impact on retiral benefits arising from the new labour codes, including provisions for gratuity and compensated leave liabilities.

A sharp global tech selloff has rattled Indian IT stocks, but DSP Mutual Fund is not rushing for the exit. The $25 billion fund says AI fears need deeper earnings analysis, as integration work could still drive the next spending…

Bajaj Finserv’s Q3 net profit was stable at ₹2,230 crore, while total revenue surged 24% to ₹39,708.6 crore, driven by strong lending and insurance segment growth.

Venugopal Garre, Managing Director and India Head of Research at Bernstein, retained the neutral stance on Indian equities. He sees the India-US trade deal as a sentiment positive, but believes the Union Budget is unlikely to change the near-term growth…

And, the bigger questions: What drove the optimism and how long is it likely to last?

As per the contract terms, Unit 1 is scheduled to be commissioned within 35 months, while Unit 2 will be commissioned within 37 months from the effective date of the contract, which will be the date of issuance of the…

Mahindra & Mahindra secured a record export order for 35,000 Scorpio Pik-Up vehicles to Indonesia’s Agrinas Pangan Nusantara, boosting shares and marking a milestone in overseas operations.

Cohance Lifesciences said it had earlier informed the stock exchanges that the facility was classified as Official Action Indicated (OAI) and the warning letter is in continuation of the same.

EBITDA rose 8.3% year-on-year to ₹231 crore. However, margins saw a marginal compression, with EBITDA margin coming in at 16%.