
Glenmark Pharma | For Q4FY25 ended March 31, Glenmark’s consolidated revenue rose 6.3% year-on-year to ₹3,256 crore, up from ₹3,063 crore in the same quarter last year. EBITDA increased 11.2% to ₹561 crore, with the EBITDA margin improving to 17.2%. Adjusted profit after tax (PAT), excluding one-time exceptional items related to generic Zetia litigation and manufacturing facility closure, stood at ₹347 crore, reflecting a margin of 10.6%.
Balkrishna Industries | The tire maker reported a 25% drop in standalone net profit for the quarter ended March 2025, owing to higher input, finance and employee costs, despite a marginal rise in revenue. The tyre maker’s net profit came in at ₹362 crore in Q4FY25. Revenue for the quarter rose 5% year-on-year to ₹2,838 crore.
JSW Steel | Steel major on Friday, May 23, reported a nearly 14% year-on-year rise in its consolidated net profit at ₹1,501 crore in the March quarter of the last fiscal. The same was ₹1,322 crore in the last year’s quarter. The profit figure was higher than the CNBC-TV18 poll of ₹1,470 crore.
Union Bank of India | The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹63.60 lakh on the lender for non-compliance with regulatory provisions related to depositor fund transfers and agricultural lending norms.
Paras Defence and Space Technologies | The company on Friday announced the execution of a joint venture agreement with Israel-based Heven Drones Ltd to form a subsidiary in India focused on the development and production of logistics and cargo drones for both defence and civilian applications.
Ashok Leyland | The commercial vehicle major announced a 1:1 bonus share issue for shareholders, with the record date to be announced later—its first bonus since 2011. The company also approved a dividend payout of ₹4.25 per share, totaling ₹1,248 crore. In Q4, Ashok Leyland’s net profit surged 38.4% to ₹1,246 crore, boosted by a ₹173 crore tax credit, compared to ₹900 crore last year. Quarterly revenue rose 5.7% to ₹11,907 crore, slightly below the ₹12,196 crore estimate from a CNBC-TV18 poll.
Finolex Industries | The company reported a 5% decrease in its revenue at ₹1,171.8 crore in the March quarter. In the same period of the previous fiscal year, it had reported a revenue of ₹1,235.4 crore. The company’s net profit was flat at ₹165 crore. EBITDA was down 18% at ₹171.3 crore compared to ₹209 crore in the year-ago period, while margin contracted to 14.62% from 16.9% in the previous year.
NTPC | The PSU reported a 22.6% sequential rise in consolidated net profit for the fourth quarter of FY24 at ₹5,778 crore, falling marginally short of CNBC-TV18’s poll estimate of ₹5,810 crore. Revenue for the quarter stood at ₹43,903.7 crore, up 6% from ₹41,368 crore in the third quarter, but also below the estimated ₹46,562 crore.
Ashoka Buildcon | Its net profit for the March quarter gained 73.2% to ₹432.2 crore. In the same quarter last year, Ashoka Buildcon had reported a net profit of ₹249.6 crore. The company reported a revenue of ₹2,694.4 crore in the January-March period. This was 11.7% higher than the revenue of ₹3,052 crore in the same period of the previous financial year.
GE Vernova T&D India | The company reported a nearly three-fold jump in its net profit to ₹186.49 crore for the March quarter, mainly on the back of higher revenues. The total income in the quarter rose to ₹1,173.65 crore from ₹919.31 crore a year ago. In 2024-25, its net profit increased to ₹608.33 crore from ₹181.05 crore in the preceding financial year. The total income in the fiscal surged to ₹4,354.89 crore from ₹3,190.46 crore a year ago.