News Overview

Defence startups and tech innovators, such as IdeaForge and Zen Tech, are likely to remain in focus, with possible government incentives encouraging new investments in the sector.

The board of directors has announced an interim dividend of ₹2 per equity share with face value of ₹1 each.

The company reported a write-back of ₹43.98 crore, a significant improvement compared to an impairment expense of ₹435.83 crore in Q3 FY24

This is a part of the company's total ₹5,800 crore capital expenditure plan from 2020 to 2025, made to increase its production and to cater to rising consumer demand

Net interest income was 14% higher YoY, at ₹587.7 crore, due to steady loan growth & higher interest margins than Q3 FY24 levels of ₹516 crore.

Revenue from operations decline marginally by 0.4% YoY at ₹538 crore, as against ₹540 crore in Q3 FY24

This quarter had Gross NPA at 4.7% after 7% during Q3 FY24, with much better management of its asset quality.

Lower crude oil realizations impacted earnings, with company getting $72.57 per barrel as against $81.13 per barrel in Q3 FY24.

An interim dividend of ₹10.50 on the face value per share for FY25 has been declared.

The company recorded an exceptional loss of ₹107 crore in the base quarter, which impacted the previous year’s comparison.