India is undergoing a cyclical slowdown, largely driven by policy factors, according to Goldman Sachs economist Santanu Sengupta. Gross domestic product (GDP) growth is projected at 6.1% for the current fiscal year and 6.3% for the next, with nominal GDP growth expected around 10% by 2025-26 (FY26).
Gross non-performing assets stood at 2.68% in the December quarter against 2.52% in the September quarter. Net NPA was flat at 0.56%. Shares of Ujjivan Small Finance Bank Ltd ended at ₹34.56, up by ₹0.15, or 0.44%, on the BSE.
For the nine months ended December 31, 2024 (9MFY25), the company reported revenue from operations of ₹808.05 crore, representing a YoY growth of 32.6%. Shares of KFin Technologies Ltd ended at ₹1,104.35, up by ₹25.50, or 2.36%, on the BSE.
The company posted a net profit of ₹3,023 crore for the quarter, surpassing analysts’ expectations. The result was well above the ₹2,945 crore forecast by a CNBC-TV18 poll and also marked a significant improvement over the ₹631 crore profit reported in the previous quarter.
The board of directors approved an interim dividend of ₹1.60 per equity share of the company having a face value of ₹10 each for FY 2024-25. Shares of Sona BLW Precision Forgings Ltd ended at ₹542.70, up by ₹11.25, or 2.12%, on the BSE.
The company’s net profit surged 64% year-on-year (YoY) to ₹20.8 crore from ₹12.7 crore in the same period last year, highlighting a strong performance for the quarter ended December 2024.
EBITDA was up 8.9% to ₹2,298.2 crore in the third quarter of this fiscal over ₹2,111 crore in Q3 FY24. Shares of Dr Reddy’s Laboratories Ltd ended at ₹1,289.35, down by ₹6.95, or 0.54%, on the BSE.
The agreement with the Maharashtra government was formalised during the World Economic Forum in Davos. Shares of Solar Industries India Ltd ended at ₹9,580.10, up by ₹273.40, or 2.94%, on the BSE.
In October last year, the private sector lender signed an agreement to acquire the personal loan book of Standard Chartered Bank, India, for ₹4,100 crore (about ₹490 million) to further strengthen its position in the retail credit market. The acquisition comes months after the Competition Commission of India (CCI) also approved the proposed acquisition by Kotak Mahindra.
In Regulated Markets, robust growth in the CDMO and CMO segment was partly offset by a softer performance in the Marketed Products segment, which was impacted by the high base of Q3FY24.
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