Rajesh Jejurikar, CEO of Mahindra & Mahindra’s Auto & Farm Sector, highlights their focus on selling electric SUVs as lifestyle vehicles, emphasizing design, tech, performance, and premium interiors. M&M aims for 20-30% of their SUV portfolio to be EVs within two years, balancing electric and internal combustion engine vehicles to offer customer choice.
Delhivery shares in focus after Q3 PAT soars 114% YoY
Delhivery reported a 114% YoY increase in Q3FY25 net profit to Rs 25 crore, marking three consecutive profitable quarters. Revenue from operations rose 8% to Rs 2,378 crore. Despite industry challenges, the company maintained profitability and experienced growth in several service segments like Express Parcel and Supply Chain Services.
Banks still facing deposit issues; only buying power financiers in BFSI: Daljeet Kohli
Daljeet Kohli from Roha Asset Managers LLP notes that despite the RBI’s 25 bps rate cut, the major issue of deposit mobilization in the financial sector remains unresolved. While asset quality is stable with expected growth of 14-15%, Kohli is cautious about investing in financial services companies, except for power financiers, until deposit challenges are addressed.
Gokaldas Exports Q3 PAT up 65% to Rs 50 crore, total income jumps 79%
Gokaldas Exports, based in Bengaluru, reported a significant 65% increase in profit after tax for Q3FY25, reaching Rs 50 crore. This rise aligns with a 79% increase in total income, following the company’s recent acquisitions. The EBITDA margin for Q3FY25 stood at 11.9%, reflecting improvement and stability.
Shanti Educational Initiatives Q3 Results: PAT jumps 10-fold to Rs 21 crore on higher income
Shanti Educational Initiatives Ltd (SEIL) has experienced a significant increase in net profit and total income for the October-December quarter of FY25. The company’s total income rose to Rs 20.94 crore, while net profit jumped to Rs 1.95 crore, demonstrating strong financial growth across its entities.
Advanced Sys-Tek files draft IPO papers with Sebi
Advanced Sys-Tek Ltd has sought Sebi’s approval for an IPO to raise Rs 115 crore and an OFS of 15.27 lakh shares by promoters Mukesh R Kapadia and Umed Amarchand Fifadra. The funds will support capital expenditure, long-term working capital, and general corporate purposes. Specializing in industrial automation, the company has completed over 200 installations globally.
Amazon joins Google, Microsoft in cloud weakness, shares slide 3%
Amazon shares fell 3.72% to $229.95 following disappointing cloud revenue growth. The company’s cloud unit reported a 19% revenue rise, missing expectations slightly. Analysts raised concerns over Big Tech’s AI investments and infrastructure constraints. Despite this, some noted Amazon’s cloud growth acceleration compared to Microsoft and Google, indicating potential market share gains. Market valuation could drop significantly if losses persist.
Gold breaches Rs 85,000-mark on MCX, hits 2025 target early
Gold price: Gold futures reached an all-time high of Rs 85,279on the MCX, influenced by global prices. April gold contracts surged by Rs 650 or 0.77% to Rs 85,094 per 10 grams. This increase follows disappointing US job data. Analysts predict continued bullish trends given global uncertainties, with prices potentially reaching Rs 87,000 by Diwali.
Pinterest shares jump 20% as AI advertisement tools drive forecasts
Pinterest’s shares rose 20% on Friday as it forecast first-quarter revenue above estimates, indicating that its AI-powered tools would spur ad spend on the image sharing platform.
Trent shares in focus after Q3 profit jumps 33% YoY. Should you buy, sell, or hold?
Trent’s Q3 FY25 net profit rose 33% YoY to Rs 497 crore, with revenue increasing 34% to Rs 4,657 crore. Sequentially, profit grew 47%, while revenue rose 12%. The company continues expanding its store network, adding 14 Westside and 62 Zudio stores. Analysts are mixed, with Jefferies cautious, while Bernstein and Morgan Stanley remain positive on the stock.