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5 min read | Updated on April 24, 2025, 12:54 IST
SUMMARY
Shares of the country's largest FMCG company fell as much as 4.35% to hit an intraday low of ₹2,316.80 on the BSE after its March quarter earnings failed to enthuse investors.
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Shares of Nestle India fell as much as 2.27% to hit an intraday low of ₹2,378.80. | Image: Shutterstock
The Indian equity benchmarks were trading lower in trade on Thursday, April 25, ahead of monthly expiry of NIFTY50 and stock futures and option contracts. Profit booking after a seven-day stellar rally, which saw NIFTY50 index surge as much as 8.75%, was also adding to downward pressure for the benchmarks, analysts said. The 30-share SENSEX fell as much as 324 points and NIFTY50 index touched an intraday low of 24,239. As of 12:10 pm, the SENSEX was down 257 points at 79,859.77 and NIFTY50 index declined 67 points to 24,262.
Revenue from operations came in at ₹15,000 crore, up 2.08% against ₹14,693 crore in the year-ago period.
HUL's earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter were ₹3,466 crore, up 0.9% YoY. Its EBITDA margin stood at 23.1%, down 30 bps YoY as compared to the March 2024 quarter.
HUL reported an underlying sales growth (USG) of 3% and an underlying volume growth (UVG) of 2%.
Nestle India's net profit in March quarter fell 5.25% to ₹885 crore from ₹934 crore in the same period last financial year. Its revenue from sale of products rose 3.67% to ₹5,447 crore as against ₹5,254 crore in the year-ago period.
The company declared dividend of ₹10 per share.
Bajaj Housing Finance post market hours on Wednesday reported net profit to ₹587 crore, marking an increase of 54% in the March quarter on account of robust growth in housing loans.
The housing finance company had recorded a net profit of ₹381 crore in the same quarter a year ago.
Persistent Systems on Thursday posted a 25.5 per cent increase in consolidated profit after tax to Rs 395.7 crore in the quarter ended March 31, 2025, on account of higher margin.
The company had posted a profit after tax of Rs 315.3 crore in the same period a year ago, Persistent Systems said in a regulatory filing.
Persistent Systems reported the highest quarterly earnings before interest and taxes (EBIT) at 15.6 per cent in the fourth quarter of the current fiscal.
The revenue from operations of Persistent Systems grew by 25.15 per cent on a year-over-year (YoY) basis to Rs 3,242.11 crore during the reported quarter, from Rs 2,590.5 crore in March 2024 quarter.
The company's revenue from operations during the quarter under review was almost flat at ₹430 crore compared to ₹436 crore in the same quarter of the previous year.
Sebi, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.
The stock fell 1.69% to ₹1,130.7 apiece on the National Stock Exchange at 11:16 am. Tata Consumer Products recorded a 59.18% increase in consolidated net profit to ₹344.85 crore in the latest January-March quarter due to volume growth in the domestic market and moderate price hike in some portfolios. The post-tax profit was ₹216.63 crore in the year-ago period.
The two entities have entered into a strategic partnership to establish an investment platform (the Joint Venture) for upscale and higher hotel assets in India.
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