Sat, Jan 11, 2025 5:01 PM
EMA Partners India SME IPO to open on Jan 17; raise Rs 76 crore
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Transrail Lighting Ltd reported a 22% jump in standalone net profit to Rs 58 crore in Q3FY25, with revenue from operations increasing 11.5% to Rs 1,068 crore. The company's shares closed 5% lower at Rs 600 on BSE. Transrail Lighting is a leading EPC company with a focus on power transmission and distribution, operating in over 58 countries.
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Devyani International's stock surged 6% on Wednesday after Macquarie issued a favourable report on the quick-service restaurant sector, citing recovery trends and potential growth. Macquarie ranks Devyani International as its top pick, citing growth potential and valuation. The upcoming Union Budget may also boost discretionary spending, driving same-store sales growth.
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HDFC Life on Wednesday (January 15) reported a 15% rise in its third quarter of FY25 net profit, reaching ₹421.31 crore. This is up from ₹367.54 crore in the third quarter of FY24. Net premium income grew by 10%, totaling ₹16,832 crore. This compares to ₹15,273 crore in the same quarter last year. However, profit after tax(PAT) declined by 3.2% from ₹435.18 crore in Q2FY24.
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