1 / 9Tata Steel | The company reported a consolidated net profit of ₹1,201 crore for the quarter ended March 2025, significantly higher than CNBC-TV18’s estimate of ₹1,080 crore and more than double last year’s ₹555 crore. The growth was supported by stronger other income and lower exceptional losses. Exceptional losses for the quarter narrowed to ₹388.6 crore from ₹594.5 crore a year ago, while other income surged to ₹461 crore compared to ₹175.9 crore in the same period last year.
2 / 9Paytm | Chinese fintech giant Antfin is likely to divest up to 4% of its stake in digital payments firm through block deals valued at ₹2,066 crore, sources privy to the developments told CNBC-TV18. The floor price for the transaction is set at ₹809.75 per share, representing a 6.5% discount to Paytm’s current market price, according to multiple people familiar with the development.
3 / 9KFin Technologies | US-based private equity firm General Atlantic, through its affiliate General Atlantic Singapore Fund Pte, is likely to offload up to 6.9% of its equity stake in financial services firm KFin Technologies Ltd through block deals, sources privy to the developments told CNBC-TV18. The proposed sale will involve approximately 1.18 crore shares, amounting to a deal size of ₹1,209.5 crore, according to people familiar with the development.
4 / 9Gensol Engineering | The company said that Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have resigned, nearly a month after market regulator SEBI barred them from holding key positions in the company. In his resignation letter, Anmol Singh Jaggi stated: “I am hereby resigning from the post of Managing Director of Gensol Engineering Limited with effect from the close of business hours on May 12, 2025. Further, I declare that I am resigning due to the direction given under the SEBI Interim Order dated April 15, 2025.”
5 / 9Allied Blenders | The company said its board will consider a proposal to raise funds through various instruments, including equity shares, convertible securities, debentures or a qualified institutional placement, at its meeting on May 15. The board will also review the company’s audited financial results for the year ended March 31, 2025, and may recommend a dividend, ABDL said in a stock exchange filing.
6 / 9Aether Industries | Speciality chemical manufacturer announced an offer for sale (OFS) of up to 89.79 lakh equity shares, aggregating to ₹628.54 crore, representing 6.77% of the company’s outstanding equity capital. The floor price for the OFS has been set at ₹700 per share, which is at a 13.14% discount to the current market price of ₹805.90 on the NSE.
7 / 9Carborundum Universal | The company reported a 79% drop in fourth-quarter profit as higher input costs and muted operational efficiency dented margins and earnings. The abrasives and ceramics maker posted a consolidated net profit of ₹30 crore for the quarter ended March 31, down from ₹142.6 crore a year earlier. Revenue rose marginally by 1.3% to ₹1,217 crore from ₹1,201 crore a year ago, signalling sluggish top-line growth despite a broader recovery in industrial activity.
8 / 9Raymond Lifestyle | Textile player reported a net loss of ₹45 crore for the fourth quarter of FY25. In the corresponding quarter of the previous fiscal, the company had posted a net profit of ₹235.6 crore. The company’s revenue from operations dipped 11.3% YoY to ₹1,494.2 crore against ₹1,684.6 crore. The Q4 EBITDA tanked 94.6% to ₹13.2 crore versus ₹245.8 crore last year.
9 / 9Zaggle Prepaid | The company’s net profit rose 66.8% YoY to ₹31.9 crore, while revenue surged 50.9% to ₹412 crore, up from ₹273 crore a year ago — the highest ever in a single quarter for the company. It also saw its operating profit climb 32% year-on-year, with EBITDA at ₹35.4 crore versus ₹26.8 crore in the same period last year. However, EBITDA margins saw a slight moderation to 8.6% from 9.8% YoY, as Zaggle continued investing in scaling operations and expanding its portfolio.
