News Overview

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.

Operating margins stayed stable despite adversities created from forex losses, cost escalations; this profit was due to diversified business portfolios and effective cost management of the company.

The company declared a third interim dividend of ₹6 per share (60% on a face value of ₹10) for FY25.

Top gainers in Nifty include Tata Cons. Prod (6%), Nestle (5.37%), Bharat Elec (5.09%), Trent (4.8%).

The currency has been under pressure, thus stabilizing it involves injecting Rs 600 billion into banks