Business

Realty firm Puravankara's net loss widens to Rs 88 crore in Q4, revenue declines

Realty firm Puravankara's net loss widens to Rs 88 crore in Q4, revenue declines

Real estate company Puravankara Limited has posted a net loss of Rs 88 crore in Q4 FY25, compared to a net loss of Rs 6.7 crore in the same period in previous fiscal.

Revenue from operations also declined significantly, falling 41 per cent year-on-year (YoY) to Rs 541.6 crore, down from Rs 920 crore, according to its stock exchange filing.

The company's operating performance took a hit, with EBITDA (earnings before interest, taxes, depreciation and amortisation) declining 73 per cent to Rs 30.5 crore from Rs 113.4 crore in the same quarter last financial year.

As a result, the EBITDA margin shrank to 5.63 per cent, compared to 12.32 per cent in Q4 FY24.

Vodafone Idea’s net loss widens to Rs 7,166 crore in Q4, revenue slips

Vodafone Idea’s net loss widens to Rs 7,166 crore in Q4, revenue slips

Vodafone Idea has reported a wider net loss of Rs 7,166.1 crore for the fourth quarter ended March 31 (Q4 FY25), compared to a loss of Rs 6,609.3 crore in the previous quarter (Q3 FY25).

This rise in losses comes despite some year-on-year improvement, as the loss had stood at Rs 7,674.6 crore in the same quarter previous fiscal (Q4 FY24), according to its stock exchange filing.

The telecom company also saw a decline in its revenue from operations, which dropped slightly to Rs 11,013.5 crore in Q4 from Rs 11,117.3 crore in Q3 -- a decrease of around 0.93 per cent.

Total income also slipped by about 1.22 per cent quarter-on-quarter (QoQ) to Rs 11,228.3 crore.

Property registrations in Mumbai at new high, revenue collection up 17 pc

Property registrations in Mumbai at new high, revenue collection up 17 pc

Property registrations across budget categories in the city continued to scale new high in the first five months of 2025, a report showed on Saturday.

According to the Maharashtra State Revenue Department, the overall revenue collected by the authorities from property registrations and the total registrations in Mumbai in January to May 2025 was at a record high.

An analysis of the data of Inspector General of Registration (IGR), Maharashtra revealed that the overall revenue collected from property registrations in Mumbai stood at nearly Rs 5,695 crore in the first five months of 2025, according to the report by Anarock Group.

This is 17 per cent more than last year’s corresponding period (January- May 2024) when the revenue collected was approx. Rs 4,860 crore.

Adani Energy Solutions bags Rs 1,660 crore transmission project in Maharashtra

Adani Energy Solutions bags Rs 1,660 crore transmission project in Maharashtra

Adani Energy Solutions Ltd (AESL) on Friday said it has won a Rs 1,660 crore inter-state transmission project in Maharashtra.

The project scope includes the establishment of 3,000 megavolt-amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL’s overall transmission network to 26,696 ckm (circuit kilometres) and 93,236 MVA of transformation capacity.

AESL, India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, said it is scheduled to commission the project by January 2028.

The project, housed under the Special Purpose Vehicle (SPV), WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas.

The project SPV has formally been transferred to AESL.

Nykaa’s Q4 profit drops 28 pc on-quarter, total income dips

Nykaa’s Q4 profit drops 28 pc on-quarter, total income dips

FSN E-Commerce Ventures Limited, the parent company of popular fashion brand Nykaa, on Friday reported 27.86 per cent sequential drop in its net profit at Rs 19.05 crore, down from 26.41 crore in Q3 FY24.

The company also reported 8.89 per cent decrease in its total income at Rs 2,070 crore in Q4, compared to Rs 2,272.74 crore in Q3, according to its stock exchange filing.

Falguni Nayar-run Nykaa registered a decrease of 9.08 per cent in its revenue from operations at Rs 2,061.76 crore in the January-March quarter, from Rs 2,267.21 crore in Q3.

Meanwhile, total expenses decreased by 8.8 per cent in Q4.

UPI share surges to 83.7 pc in digital transactions for FY25

UPI share surges to 83.7 pc in digital transactions for FY25

The Unified Payments Interface (UPI) has strengthened its dominance in India’s digital payments system with its share in the total transaction volume rising to 83.7 per cent in 2024-25 from 79.7 per cent in the previous financial year.

The RBI’s annual report shows that UPI facilitated 185.8 billion transactions during 2024-25, which represents a 41 per cent year-on-year increase. In value terms, UPI transactions rose to Rs 261 lakh crore from Rs 200 lakh crore in FY24.

"The success of UPI placed India in a leadership position with a share of 48.5 per cent in global real-time payments by volume,” the RBI said.

Kotak Securities slashes Ola Electric’s target price by 40 pc after dismal Q4 results

Kotak Securities slashes Ola Electric’s target price by 40 pc after dismal Q4 results

Kotak Securities on Friday slashed its share price target on Ola Electric by 40 per cent to Rs 30 from Rs 50, citing continued losses and rising competition.

Ola Electric Mobility shares nosedived 9.7 per cent to their intraday low of Rs 48.07 on the BSE during the trade after the electric two-wheeler maker reported a sharp rise in losses for the March quarter.

Kotak Securities flagged two main concerns. It expects EBIDTA losses to continue, driven by weakening brand equity and intensified competitive pressure.

Second, Kotak highlighted that Ola Electric’s future depends on scaling up volumes and executing its motorcycle plans. The firm, however, warned that the motorcycle foray faces execution and credibility challenges.

SEBI introduces new rules for equity F&O segment to boost transparency, stability

SEBI introduces new rules for equity F&O segment to boost transparency, stability

The Securities and Exchange Board of India (SEBI) on Thursday announced a new set of rules for the equity Futures and Options (F&O) segment.

These changes aim to improve transparency, control excessive speculation, and bring more stability to the market.

One of the major changes introduced by the SEBI is a new method for measuring open interest (OI) in the equity F&O segment.

Open interest refers to the total number of outstanding contracts in futures or options.

Bajaj Auto’s Q4 net profit drops sequentially by 18 pc

Bajaj Auto’s Q4 net profit drops sequentially by 18 pc

Bajaj Auto on Thursday reported an 18 per cent drop in its consolidated net profit for the fourth quarter of the financial year 2024-25 (Q4FY25) on a sequential basis.

The company posted a net profit of Rs 1,802 crore in Q4 FY25, compared to Rs 2,196 crore in the previous quarter (Q3 FY25).

However, the company still showed a 10 per cent year-on-year (YoY) growth in net profit, as it had reported Rs 1,642 crore in the same quarter previous fiscal.

The company's total revenue for the January-March 2025 quarter also fell sequentially by 4 per cent, coming in at Rs 12,646 crore versus Rs 13,169 crore in Q3 FY25.

However, revenue was up 9 per cent on a YoY basis, compared to Rs 11,555 crore in Q4 FY24.

87 pc of Indian firms shift focus to domestic markets amid global uncertainties

87 pc of Indian firms shift focus to domestic markets amid global uncertainties

Amid global uncertainties, Indian businesses are rethinking their trade strategies to adapt to evolving market dynamics, with 87 per cent of firms pivoting their focus toward domestic clients, prioritising local customer needs to ensure stability, a new HSBC Global report said on Thursday.

About 76 per cent of Indian firms are reassessing their long-term business strategies in response to changes in trade policies, while 80 per cent report exercising greater caution in expansion and investment decisions due to trade-related uncertainties, according to the 'HSBC Global Trade Pulse Survey'.

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