PN Gadgil Q3 shines as profit nearly doubles, festive sales boost growth
PN Gadgil posted strong Q3 results with profit nearly doubling, higher margins and festive-led sales, even as shares slipped slightly in early trade today post-earnings.
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Trident Q3 Results: Profit falls as margin contracts; company rejigs subsidiary structure
Trident reported a weak Q3 with sharp declines in profit, EBITDA and margins, alongside lower revenue, even as it announced a new overseas-focused subsidiary and exited a non-material arm.
Retail shareholding slides to 4-year low amid December-quarter gains
Retail investors cut stakes as markets rose, pushing their ownership in India’s NSE-listed firms to a four-year low, while domestic institutions bought over ₹2 lakh crore of shares in the December quarter.
Texmaco Rail and Engineering Q3 Results: Net profit and revenue decline
Shares of Texmaco Rail & Engineering Ltd ended at ₹121.50, up by ₹2.35, or 1.97%, on the BSE.
IEX shares surge 4%; CERC says coupling ‘direction’ only a pre-legislative process
The CERC affidavit states that the IEX’s plea against coupling direction is not maintainable and cannot be used to stall the process. The appeal is possible only against an ‘order’, it added. The CERC had retrospectively re-classified the coupling ‘order’…
Bondada Engineering shares rise 5% after commissioning 69.51-MWp solar projects in Maharashtra, Tamil Nadu
The projects were executed across multiple locations in Hingoli, Achalpur, Bhusawal and Vajiapur in Maharashtra, as well as Neyveli in Tamil Nadu.
Ceigall India Q3 Results: Revenue jumps 19% on strong EPC execution; margin ease
Ceigall India reported a steady Q3 performance with strong revenue growth driven by EPC execution, even as margins narrowed slightly.
Kaveri Seed sees sales surge, profits dip as costs weigh despite better efficiency
The company’s net profit fell 15.6% to ₹13 crore, compared with ₹15.4 crore in the corresponding period last year. Revenue from operations, however, rose 20.8% year-on-year to ₹210.2 crore, up from ₹174 crore.
PB Fintech’s subsidiary PB Pay receives RBI certificate to operate as payment aggregator
PB Pay Private Limited, a PB Fintech subsidiary, received RBI’s Certificate of Authorisation to operate as a payment aggregator, boosting PB Fintech’s digital payments strategy from February 6.
Market holds opening gains; Sensex up 485 points, Nifty reclaims 25,800
Frontline indices ended with gains of more than 0.5%, while the midcap index rose over 1.5%. The Midcap index gained 938 points to settle at 60,441. The Nifty Bank index added 549 points to close at 60,669.