News

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Macrotech Developers reported a robust 38.5% year-on-year rise in net profit for Q4FY25 at ₹921.7 crore, led by improved operating performance and steady topline growth. Revenue rose 5.1% YoY to ₹4,224.3 crore, while EBITDA grew 16.6% to ₹1,220.7 crore.

Operating margins expanded to 28.9% from 26.1% a year ago, reflecting better realisations and cost efficiencies. The board has recommended a final dividend of ₹4.25 per share.

Shriram Housing Finance has reported robust growth for the March quarter, with net profit surging 60% year-on-year to ₹99.2 crore, up from ₹62 crore in the same quarter last year.

The company’s Net Interest Income (NII) also saw a significant rise of 52.1%, reaching ₹294.7 crore compared to ₹193.8 crore in Q4 FY24.

NELCO reported a net loss of ₹4 crore for the quarter ended March 2025, compared to a profit of ₹6.2 crore in the same period last year. Revenue declined 17.3% year-on-year to ₹67.5 crore from ₹81.6 crore.

Tanla Platforms reported a 9.9% year-on-year drop in net profit for the March quarter at ₹117.3 crore, compared to ₹130.2 crore last year. Revenue rose marginally by 1.9% to ₹1,024.4 crore from ₹1,005.5 crore.

EBITDA also grew 1.9% YoY to ₹163.4 crore, with margins remaining flat at 16%. The company declared a second interim dividend of ₹6 per share for FY25.

SBI Cards & Payment Services reported a 19.4% year-on-year decline in net profit for the March quarter at ₹534.2 crore, compared to ₹662.4 crore in the same quarter last year. Revenue rose 7.5% YoY to ₹4,674 crore from ₹4,347.7 crore.

The gross non-performing asset (NPA) ratio stood at 3.08% as of March 31, 2025, while the net NPA ratio was at 1.46%. The company’s provision coverage ratio was 53.46%.

Axis Bank CFO Puneet Sharma said the bank’s net advances grew 8% year-on-year and 3% quarter-on-quarter in Q4FY25, led by a 17% YoY rise in small business banking loans.

The bank holds an excess statutory liquidity ratio (SLR) of ₹1.14 lakh crore and reported a comfortable credit-deposit (CD) ratio of 88% for the quarter. Gross NPA declined to 1.28%, down 15 bps YoY, and net NPA stood at 0.33%. While some stress was visible in the unsecured loan segment, Sharma said the portfolio is showing signs of stabilisation as the credit cycle begins to normalise.

Credit card spending has moderated, indicating softer consumption, while actions taken on credit tightening have played out well.

Axis Bank CEO Amitabh Chaudhry said the lender delivered a “steady performance” in Q4, highlighting strong capital and balance sheet resilience. He noted that cost control on funds has been effective and that asset quality remains among the best in the private sector.

On the microfinance segment, which forms just 2.1% of retail loans, the bank has taken a cautious stance in light of recent regulatory developments. Chaudhry emphasised that Axis Bank continues to focus on profitable, sustainable growth and remains aligned with peers on liquidity coverage ratio (LCR), while staying vigilant on deposit quality, cost, and growth.

Indian Energy Exchange (IEX) reported a 21% year-on-year rise in net profit at ₹117.1 crore for the March quarter, compared to ₹96.7 crore a year ago.

Revenue grew 17.25% YoY to ₹142.2 crore, while EBITDA rose 16.1% to ₹121.3 crore. Operating margin stood at 85.3%, slightly lower than 86.2% in the same quarter last year.

Despite missing estimates, L&T Tech posted strong revenue growth of 12.4% QoQ to ₹2,982.4 crore. Dollar revenue rose 10.6% YoY to $345.1 million. The board has recommended a final dividend of ₹38 per share for FY25.

L&T Technology Services reported a net profit of ₹311.1 crore for Q4FY25, missing CNBC-TV18’s estimate of ₹346.9 crore. Revenue came in at ₹2,982.4 crore, also below the expected ₹3,057 crore.

EBIT fell 6.6% sequentially to ₹393.9 crore, with margins shrinking to 13.2% from 15.9% QoQ.

Axis Bank’s gross NPA reduced to ₹14,490 crore from ₹15,850 crore in the previous quarter, while net NPA also declined to ₹3,685 crore from ₹3,775 crore.

The gross NPA ratio improved to 1.28% from 1.46%, and the net NPA ratio decreased to 0.33% from 0.35%. This reduction in NPAs indicates strong asset quality management.

Axis Bank reported a net profit of ₹7,117.5 crore for Q4, surpassing CNBC-TV18’s estimate of ₹6,752.7 crore. The bank’s net profit for the quarter showed a slight decline of 0.2% compared to ₹7,129.6 crore in the same period last year.

Net interest income (NII) rose by 5.5% to ₹13,811 crore, compared to ₹13,089 crore YoY, reflecting strong core performance. Provisions dropped significantly to ₹1,359 crore, down from ₹2,156 crore QoQ.

Aavas Financiers reported a 7.8% year-on-year growth in net profit at ₹153.7 crore for the March quarter, up from ₹142.6 crore in the same period last year.

Net interest income (NII) rose 14.5% to ₹371.5 crore from ₹324.4 crore YoY, indicating healthy traction in core lending operations.

Tech Mahindra reported a 18.7% sequential rise in consolidated net profit at ₹1,166.7 crore for Q4FY24, compared to ₹983.2 crore in the previous quarter. Revenue rose marginally by 0.7% to ₹13,384 crore.

EBITDA increased 2.1% QoQ to ₹1,378 crore, while EBITDA margin remained largely stable at 10.3% versus 10.2% in Q3FY24.

Cyient posted a 46% sequential jump in net profit at ₹186.4 crore, driven by improved margins and operating performance. EBIT rose 5.2% QoQ, while EBIT margin expanded to 12.3% from 11.6%.

Revenue dipped marginally to ₹1,909.2 crore. The board has recommended a final dividend of ₹14 per share.

SBI Life Insurance reported a 10% YoY rise in value of new business (VNB) to ₹1,660 crore, ahead of CNBC-TV18’s poll of ₹1,384 crore. VNB margin expanded to 30.5%, beating estimates of 27.6%.

Total APE came in at ₹5,450 crore, marginally higher YoY and above expectations. However, new business premium declined 24% YoY to ₹9,320 crore.

–Net Profit At ₹55 Cr Vs ₹1.5 Cr (YoY)

–Revenue At ₹2,519 Cr Vs ₹1,178 Cr (YoY)

–EBITDA At ₹133.5 Cr Vs ₹29.3 Cr (YoY)

–Margin At 5.3% Vs 2.5% (YoY)

– Net profit up 79% at ₹647.2 cr vs ₹361.4 cr (YoY)

– Revenue up 35.4% at ₹6,374.6 cr vs ₹4,707 cr (YoY)

– EBITDA up 43.8% at ₹2,251.2 cr vs ₹1,565.7 cr (YoY)

– Margin at 35.3% vs 33.3% (YoY)

Laurus Labs reported results for the January-March quarter that were either in-line or higher than expectations. Net profit rose to ₹233.6 crore. The figure was also higher than the CNBC-TV18 poll figure of ₹185.4 crore. However, the profit was aided by a 3x jump in its other income, which grew to ₹58.6 crore from ₹18.5 crore last year. Read here

– Net Profit at ₹233.6 crore vs CNBC-TV18 poll of ₹185.4 crore

– Revenue at ₹1,720 crore vs CNBC-TV18 poll of ₹1645.8 crore

– EBITDA at ₹419 crore vs CNBC-TV18 poll of ₹398 crore

– Margin at 24.5% vs CNBC-TV18 poll of 24%

Sales volume at 11.9 mt, up 14% (YoY). Cement consumption growth in FY26 likely to grow at 7-8%.

– Net Profit Up 41.4% At ₹146.5 Cr Vs ₹103.6 Cr (YoY)

– Revenue Up 41.3% At ₹797.5 Cr Vs ₹564.6 Cr (YoY)

– EBITDA Up 44.5% At ₹195.30 Cr Vs ₹135.20 Cr (YoY)

– Margin At 24.5% Vs 24% (YoY)

Supreme Industries delivers FY25 margin near upper-end of guidance. The company expects better volume growth in export market. It expects 9-10% volume growth in FY26. Expect FY26 margin to be above FY25 levels. FY26 revenue growth seen at 15% vs 3% reported in FY25.

– Net Profit Down 17% At ₹294 Cr Vs ₹354.8 Cr (YoY)

– Revenue Up 0.6% At ₹3,027 Cr Vs ₹3,008 Cr (YoY)

– EBITDA Down 15% At ₹416 Cr Vs ₹491 Cr (YoY)

– Margin At 13.8% Vs 16.3% (YoY)

Shares of Axis Bank Ltd. were trading in red in afternoon trade. The lender is set to announce the quarterly results today. The share price of the company was down 0.083% at ₹1,205.70 apiece.

Tech Mahindra shares were almost flat, up 0.26% at ₹1,443.30 ahead of the results. The stock is down 15% on a year-to-date basis.

Shares of Nestle Ltd. are trading off lows. Revenue is in-line and EBITDA growth higher than estimates.

Here’s what the management said in its post-earnings interaction:

– Confident of achieving $5 billion revenue guidance by FY31

– Looking at a scaled acquisition in Europe

– We have a good capital allocation policy for acquisitions

– Entering year with reasonable good growth and fairly strong EBIT profile

– Confident of maintaining EBIT profile

– Witnessed double-digit growth in Beverages and Confectionary business

– Three out of the four products delivered healthy growth

– Domestic sales the highest every in any quarter supported by improving volume growth

– Powdered and liquid beverages was the largest contributor with high double-digit growth

– NESCAFE strengthened its leadership position by gaining market share

– Confectionery grew at high single-digit pace in both value and volumes driven by KITKAT

– Petcare business saw high double-digit growth, highest ever since integration into Nestle India business

– Out-of-Home business delivered strong double-digit growth and emerging as one of the fastest growing businesses