Reuters India Business

India’s Aurobindo Pharma posts third-quarter profit drop on higher expenses

6 Feb 2025

(Reuters) – Indian drugmaker Aurobindo Pharma reported a lower third-quarter profit on Thursday, as a spike in expenses more than offset strong demand for its generic drugs. The company’s consolidated net profit fell 10% to 8.46 billion rupees ($96.6 million) in the quarter ended Dec. 31. Its total revenue from operations climbed 8.5% to 79.79 …

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Price hikes help India’s Britannia beat profit estimates

6 Feb 2025

(Reuters) -Indian biscuit maker Britannia Industries beat third-quarter profit estimates on Thursday, as price hikes helped it counter the impact of a rise in commodity prices. The company, which sells ‘Jim Jam’ and ‘NutriChoice’ biscuits, reported a 5% increase in consolidated net profit to 5.82 billion rupees ($66.43 million) for the three months ended December …

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India’s Hero MotoCorp tops profit view on higher mid-level motorcycle sales

6 Feb 2025

(Reuters) -Hero MotoCorp, India’s top motorcycle maker by volumes, reported a bigger-than-expected rise in third-quarter profit on Thursday, helped by higher sales of its mid-level models such as the ‘Xtreme 125R’. The company’s profit increased 12% to 12.03 billion rupees ($137.4 million) in the three months to December 31, topping analysts’ average estimate of 11.25 …

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India’s Ramco Cements posts adjusted profit slump as low prices bite

6 Feb 2025

(Reuters) – India’s Ramco Cements on Thursday posted a 97% slump in third-quarter adjusted profit, hurt by a drop in prices of the key construction material. Profit before exceptional items and tax for the company’s cement business fell to 43.5 million rupees ($496,774) during the October-to-December period from 1.35 billion rupees a year earlier. The …

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India’s Bharti Airtel posts higher profit on one-time gain, tariff hikes

6 Feb 2025

(Reuters) -Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, helped by a one-time gain and as tariff hikes continued to boost its per-user revenue. The company’s consolidated net profit rose to 147.81 billion rupees ($1.69 billion) for the third quarter from 24.42 billion rupees a year earlier. It also reported a …

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India’s Akasa Air to raise capital from investment offices of Azim Premji, Ranjan Pai

6 Feb 2025

(Reuters) -India’s Akasa Air said on Thursday it is raising fresh capital from the investment offices of Wipro founder Azim Premji and Manipal Hospitals Chairman Ranjan Pai, as well as funds of wealth management firm 360 ONE. The airline, among India’s newest carriers, did not disclose any financial terms. It said late Indian billionaire Rakesh …

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Indian homebuilder Sobha’s profit jumps as older project sales outweigh fewer new launches

6 Feb 2025

(Reuters) – Indian homebuilder Sobha reported a bigger third-quarter profit on Thursday as higher sustenance sales, or sales of remaining houses from existing projects, cushioned the impact of fewer new project launches. The company’s consolidated net profit increased 44% to 216.9 million rupees ($2.5 million) in the October to December quarter. Revenue rose 79%. Sobha’s …

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India’s Apollo Tyres misses profit view on higher rubber costs

6 Feb 2025

(Reuters) – India’s Apollo Tyres reported a smaller-than-expected third-quarter profit on Thursday, as high rubber costs cut into the impact of healthy tyre demand. Consolidated net profit fell 32% to 3.37 billion rupees ($38.49 million) for the quarter ended December 31, missing analysts’ average estimate of 3.84 billion rupees, as per data compiled by LSEG. …

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Motherson Sumi Wiring India posts lower Q3 profit as expansion weighs

6 Feb 2025

(Reuters) – Motherson Sumi Wiring India, which is focused on the auto industry, reported a near 17% drop in third-quarter profit on Thursday, as the cost of expansion weighed on profitability. The company, whose clients include Maruti Suzuki and Tata Motors, said its profit fell to 1.40 billion rupees (about $16 million) in the quarter …

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State Bank of India expects margins to stabilise around 3%

6 Feb 2025

By Nishit Navin and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -State Bank of India on Thursday said it expects to maintain its net interest margin (NIM) at around 3%, after reporting a drop in domestic margins but beating third-quarter profit estimates. Indian lenders have been scrambling to raise deposits to meet rising demand for credit. Increased competition …

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