All posts by Nagnath

Tata Investment Corporation Ltd
Tata Investment Corporation Q4 Results: Net Profit Falls 37.7%, Revenue Drops 71.2%

Business and Industry Overview: 

Tata Investment Corporation Limited (TICL) is a non-banking financial company (NBFC) primarily engaged in long-term investments across various industries. Formerly known as The Investment Corporation of India, the company invests in equity shares, debt instruments, and equity-related securities, both listed and unlisted. TICL was promoted by Tata Sons Pvt. Ltd. in 1937 and remained a closely held entity until 1959, when it became one of the first publicly listed investment companies on the Bombay Stock Exchange. Initially focused on supporting new ventures, TICL gradually transformed into an investment company with a diversified portfolio. Over the decades, it has played a pivotal role in the growth of several well-known Indian companies, including SKF Bearings (India) Ltd., Ceat Ltd., and National Rayon Corporation. TICL is currently a subsidiary of Tata Sons, which, along with other Tata companies, holds 73.38% of its paid-up capital. The company is led by Noel Tata as Chairman and F.N. Subedar as Vice Chairman, supported by a team of financial and investment experts. 

Non-Banking Financial Companies (NBFCs) have witnessed significant growth in India’s financial ecosystem, playing a crucial role in credit expansion and financial inclusion. Their market share in credit distribution increased from 12% in 2008 to 18% in 2019, before slightly declining to 16% in 2022 due to increased competition from banks. And TICL is one of the renowned NBFCs, which has played an important, crucial role in funding new businesses.  

Latest Stock News: 

Tata Investment Corporation Limited (TICL) will announce its Q4 FY25 results today, April 21, 2025. The stock has performed very well over the past five years, increasing by over 800% as of April 17, 2025. TICL is a non-banking financial company. It mainly invests in long-term investments like equity shares and equity-related securities. The company was originally called The Investment Corporation of India and became a subsidiary of Tata Sons in February 2008. Tata Sons and other Tata companies own about 73.38% of TICL’s paid-up capital. Tata Investment Corporation owns more than 2% of Tata Capital. Tata Sons, its parent company, holds about 93% of Tata Capital. TICL is also the investment arm of the Tata Group. This means that TICL benefits from the rising value of Tata Group companies, such as Tata Capital, especially with the upcoming Tata Capital IPO. 

Segmental information: 

Equity Investments: TICL primarily invests in a diversified portfolio of equity shares and securities of listed and unlisted companies across various industries, including Tata Group companies. 

Debt & Fixed-Income Investments: The company also holds investments in debt instruments, including bonds and other fixed-income securities, providing a steady stream of interest income. 

Dividend & Interest Income: A significant portion of TICL’s revenue comes from dividends and interest earned on its investments, ensuring stable returns over time. 

Asset Management: TICL is a co-promoter of Tata Asset Management Pvt Ltd, managing mutual funds and investment portfolios for institutional and retail investors. 

Subsidiary Investments: 

  1. Simto Investment Company Limited (Subsidiary) – TICL holds a majority stake in Simto Investment Company Ltd., enhancing its investment portfolio. 
  1. Tata Asset Management Private Limited (Associate Company) – TICL is a co-promoter of Tata Asset Management, which manages Tata Mutual Funds and provides investment management services. 
  1. Tata Trustee Company Private Limited (Associate Company) – This entity oversees the Tata Mutual Fund schemes, ensuring governance and compliance in asset management. 
  1. Amalgamated Plantations Private Limited (Associate Company) – TICL has an investment in this tea plantation company, one of the largest in India, supporting its diversified portfolio. 

Q4 Highlights: 

  • Revenue from operations fell 71.2% to ₹16.43 crore, down from ₹57.11 crore in Q4 FY24. 
  • Profit before tax dropped 50.4% to ₹35.81 crore from ₹72.21 crore last year. 
  • Total expenses increased 24% year-on-year to ₹10.02 crore. 
  • In Q4 FY24, the company had posted a net profit of ₹35.26 crore. 
  • Revenue for the quarter ended March 31, 2025, also fell 7.2% YoY to ₹51.54 crore. 
  • Dividend declared: ₹27 per share (face value ₹10), subject to shareholder approval. 

Financial Summary: 

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY23 FY24 
Revenue 57 16 385 305 
Expenses 8 9 33 39 
EBITDA 49 7 352 266 
OPM 86% 45% 91% 87% 
Other Income 29 23 65 104 
Net Profit 60.00 38 385 312 
NPM 105.26 237.50 100.00 102.30 
EPS 11.95 7.46 76.09 61.68 
Gensol Engineering Ltd
From Clean Energy to Controversy: Gensol Engineering Hit by ED and SEBI Over Fraud Allegations

Business and Industry Overview: 

Gensol Engineering Limited started in 2012. It is the main company of the Gensol Group. It provides engineering, procurement, and construction (EPC) services for solar power projects. The company has a strong team of over 240 professionals. It has completed many projects worldwide. Gensol has installed more than 700 MW of solar power, including both ground-mounted and rooftop projects. Apart from solar, Gensol has entered the electric vehicle (EV) sector. It has built a modern EV manufacturing facility in Pune, India. This facility makes electric three-wheelers and four-wheelers. The EVs have received approval from the Automotive Research Association of India (ARAI). Gensol does not just manufacture EVs but also offers leasing solutions. It provides EV leasing to many clients, including government bodies, multinational corporations, ride-hailing companies, logistics firms, educational institutions, and last-mile delivery services. To strengthen its renewable energy business, Gensol has acquired Scorpius Trackers. This company designs and develops advanced solar tracking systems. These systems improve the efficiency of solar power generation. Gensol is also a major player in the solar operations and maintenance (O&M) sector. It has important clients like Delhi International Airport, Suzlon, Greenko, and Essel Infra. With expertise in both solar and EVs, Gensol is expanding its business and playing a key role in clean energy and electric mobility. 

Latest Stock News: 

Gensol Engineering Limited’s stock hit a 52-week low of ₹110.71 on April 17, 2025, because of serious issues raised by the market regulator, SEBI. On April 15, 2025, SEBI made an interim order after looking into the company’s operations. SEBI found that Gensol’s electric vehicle (EV) plant in Pune had very little activity, with only two to three workers there and no manufacturing happening. This investigation started after a complaint in June 2024, accusing the company and its promoters of manipulating the share price and misusing funds. Gensol had claimed they had pre-orders for 30,000 EVs, but SEBI found these were just MoUs, with no details on pricing or delivery. The company borrowed ₹977.75 crore between FY22 and FY24 for buying EVs, but they only bought 4,704 units, leaving ₹262.13 crore unaccounted for. SEBI also found that money meant for EVs was used for personal expenses, like buying a luxury apartment and transferring money to family members. Because of this, SEBI banned the founders, Anmol and Puneet Singh Jaggi, from holding any important roles or entering the stock market. Since these issues came up, the stock has been falling and hitting lower circuit limits for eight days in a row. 

Potentials: 

Gensol Engineering has a good future because it works in solar power and electric vehicles (EVs), which are growing fast. The company is building more solar projects because many people and businesses want clean energy. It has also bought Scorpius Trackers, a company that makes solar panels work better by following the sun. Gensol also takes care of solar plants to keep them running well for a long time. The company is also making electric three-wheelers and four-wheelers in Pune. Many businesses want EVs because they cost less to run than petrol or diesel vehicles. Gensol helps companies by giving them EVs on rent, so they do not have to spend a lot of money to buy them. Gensol is also working on battery storage and green hydrogen. Battery storage helps save extra solar power for later use. Green hydrogen is a clean fuel that factories may use in the future. These projects will help Gensol grow more. The government is helping solar power and EVs by giving discounts and support. More people and businesses are using solar energy and EVs because they save money and are good for the environment. With new technology, more business, and government help, Gensol can grow a lot in the future. 

Analyst Insights: 

  • Market capitalisation: ₹ 403 Cr. 
  • Current Price: ₹ 106 
  • 52-Week High/Low: ₹ 1,126 / 106 
  • P/E Ratio: 4.67 
  • Dividend Yield: 0.00% 
  • Return on Capital Employed (ROCE): 14.3% 
  • Return on Equity (ROE): 20.1% 

Gensol Engineering Ltd is growing very fast. In the last three years, its revenue grew by 147% every year, and its profit grew by 156% every year. This shows strong business growth. The company works in the solar energy sector, which is growing in India. It also uses its money well. Its return on equity is 20.1%, and return on capital employed is 14.3%. This means the company is earning good profit from the money it uses. The stock is also cheap. The price-to-earnings ratio is 4.67, and the price-to-book ratio is 0.71. These numbers show the stock may be undervalued. 

But there are also big risks. The promoters of the company have pledged 81.7% of their shares. This is very risky. If they cannot repay the loan, it can affect the stock badly. Also, the company has taken a lot of debt. In one year, the debt increased from ₹598 crore to ₹1,372 crore. This is a big jump. The interest coverage ratio is low. It means the company may find it hard to pay interest on its loans. 

The stock price has also fallen a lot. It is 88% down from its 52-week high. This is a big fall. Even though the stock is cheap and the company is growing fast, the high debt and pledged shares are a big problem. 

So, it is better to wait and watch. It is not the right time to buy. Investors should wait until the debt reduces and promoter pledging is lower. 

Suven Pharmaceuticals Ltd
Suven Pharmaceuticals Gains 4% After Cohance Merger Deal and Growth Plans

Business and Industry Overview: 

Suven Pharmaceuticals Ltd is a company based in Hyderabad. It makes medicines and chemicals for other companies. The company started in 2018 after splitting from Suven Life Sciences. It works with clients in countries like North America, Europe, and Asia. Suven Pharmaceuticals is good at making special chemicals and medicines. They focus on making active ingredients and helping other companies create their products. The company can make small to large amounts of products, but it does not do certain processes like fluorination. The company has been growing well. For example, in the third quarter of FY2025, their revenue grew by 39.73% compared to last year. Suven Pharmaceuticals is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). As of April 2025, the stock price is ₹1,168.10. In March 2024, Suven Pharmaceuticals merged with Cohance Lifesciences. This will help the company grow even more and reach more markets. 

Latest Stock News: 

Suven Pharmaceuticals Ltd, as of April 21, 2025, is trading at ₹1,211.25 on the National Stock Exchange (NSE). The stock price has seen a 1.23% increase from its previous close of ₹1,159.25 on March 21, 2025. Over the past month, the stock has experienced a small decline of 1.24%. However, it has shown a positive growth of 2.20% over the last three months. When compared to last year, the stock price has surged significantly by 92.02%, which indicates strong growth and investor confidence in the company. In March 2024, Suven Pharmaceuticals completed a merger with Cohance Lifesciences, which is an important step for the company. The merger is expected to help the company expand its reach and improve its operations. It will also strengthen the company’s position in the pharmaceutical industry, leading to further growth in the future. The positive market reaction to the merger and the stock’s strong performance in the past year suggest that investors are optimistic about Suven Pharmaceuticals’ potential for success in the coming years. 

Potentials: 

Suven Pharmaceuticals is aiming to achieve $1 billion in revenue by 2030. To reach this goal, the company plans to focus on developing new technologies for making medicines. They are working on advanced drug technologies such as flow chemistry, mRNA technology, and peptide synthesis, which are important for creating new types of drugs. These technologies will allow Suven to stay ahead in drug development and offer cutting-edge medicines. In addition to this, Suven is growing by merging with other companies, which helps increase its market presence and revenue. A major merger happened in March 2025 with Cohance Lifesciences, which will help them expand their operations and reach more customers. This merger is a big step in Suven’s plan to grow. Suven is also investing heavily in building new and better factories and research centers. For example, they are building a large 80,000 sq ft facility in the USA. This facility will help them meet the growing demand for their medicines and expand their reach globally. The company is focusing on making specialized drugs and complex formulations. These are the types of medicines that are in high demand and require more advanced techniques to create. This focus will help Suven stay competitive in the global pharmaceutical market. Suven expects its revenue to grow significantly, from ₹2,392 crore in FY24 to ₹6,000 crore by FY29. This shows that the company is planning for steady growth over the next few years, to become a leading player in the global pharmaceutical industry. 

Analyst Insights: 

  • Market capitalisation: ₹ 30,420 Cr. 
  • Current Price: ₹ 1,195 
  • 52-Week High/Low: ₹ 1,360 / 597 
  • P/E Ratio: 109 
  • Dividend Yield: 0.00% 
  • Return on Capital Employed (ROCE): 18.8% 
  • Return on Equity (ROE): 14.1% 

Suven Pharmaceuticals Ltd. has shown good growth. In Q4 FY24, the company’s net profit went up by 77.28%. Its sales grew by 39.73%. These numbers show the company is doing well. The operating profit margin is 38%, which is high and shows good profit from sales. The company has also reduced its debt. It is almost debt-free, which is a good sign for its financial health. However, there are some risks. The P/E ratio is 109. This is much higher than other companies like Dr. Reddy’s Laboratories (P/E 18.41) and Cipla (P/E 24.51). A high P/E ratio can mean that the stock is expensive. It may be overvalued compared to its competitors. Another concern is that promoter holding has dropped by 9.9% over the last 3 years. This could mean that the promoters are not as confident in the company’s future. They might be selling their shares for some reason. The company is strong in the CRAMS sector and continues to grow. But the high P/E ratio and falling promoter confidence are risks to watch. Investors should be careful when buying this stock at its current price. There may be other stocks with lower risk and better value in the market. 

Just Dial Ltd
Just Dial Q4 Results: Net Profit Jumps 36% to ₹158 Crore on Strong Merchant Acquisition and Growth

Business and Industry Overview: 

Just Dial Ltd is an Indian local search engine founded in 1996 by V. S. S. Mani. Based in Mumbai, Maharashtra, the company provides a platform for users to find information about businesses, services, and products across various categories like restaurants, doctors, hotels, and more. The service is available via their website, mobile apps (Android & iOS), SMS, and a helpline number. Initially launched as A&M Communications Private Limited, the company changed its name to Just Dial Private Limited in 2006. It went public in 2013 with an Initial Public Offering (IPO). In 2021, Reliance Retail Ventures acquired a controlling stake (66.95%) in Just Dial, marking a significant change in its ownership. 

Just Dial generates revenue primarily through paid listings and advertisements from businesses seeking to enhance their visibility on the platform. Over the years, the company has expanded its offerings to include “Search Plus” services, allowing users to complete transactions directly through the platform. The company went public in 2013, and today, it serves millions of users across India, with its platform being one of the most widely used in the local search industry. Just Dial is now part of Reliance Retail, further strengthening its digital capabilities and expanding its reach in the Indian market. 

Latest Stock News: 

As of April 19, 2025, Just Dial Ltd’s stock is trading at ₹921.90. The company will announce its Q4 FY25 results on April 18. Just Dial’s market value is around ₹7,839.86 crore, and its 52-week high is ₹1,010. Analysts are positive about the stock. Nuvama Institutional Equities gave it a ‘BUY’ rating with a target price of ₹1,140. They like the company’s strong cash reserves and good value. JM Financial also gave a ‘BUY’ rating, but lowered its target price to ₹1,220 from ₹1,350. They believe the company will still grow based on good financial results and plans to share profits with shareholders. Just Dial is also planning an Analyst/Investor Meet to talk about its performance and future plans. The company’s role in the local search market has become even stronger after it was bought by Reliance Retail in 2021. 

Business Segments: 

  1. Local Search Services: This is the main part of the business. Users can search for information about different businesses, services, and products like restaurants, doctors, and hotels. People can use the website, mobile apps, SMS, or the helpline number to search. Just Dial earns money from businesses that pay to be listed on the platform. 
  1. Advertising Services: Just Dial helps businesses advertise on its platform. Businesses can pay to be seen by more people. This is an important way Just Dial makes money. 
  1. Search Plus Services: Just Dial offers extra features under “Search Plus”. Users can do things like book services, order food, or make payments directly on the platform. 
  1. Software & Technology Solutions: Just Dial also provides tools for businesses to improve their online presence. These tools help businesses manage how they interact with customers online. 
     

Subsidiary information: 

  1. MYJD Private Limited: This was a completely owned subsidiary of Just Dial. It was not active, and the company asked to remove its name from the company register. This request was filed with the Registrar of Companies. 
  1. JD International Pte. Ltd. (Singapore): This was another subsidiary of Just Dial. However, Just Dial applied to remove it from the register, and the application was approved. JD International Pte. Ltd. is no longer a subsidiary of Just Dial as of September 4, 2023 

Q4 Highlights: 

  • Net Profit: Just Dial’s net profit rose by 61% to ₹584.2 crore in FY25; Q4 profit was ₹157.6 crore. 
  • Revenue: Revenue for FY25 was ₹1,141.9 crore, a 9.5% YoY growth; Q4 revenue was ₹289.2 crore, up 7% YoY. 
  • Growth Drivers: Q4 growth was driven by merchant acquisition, with 191.3 million unique visitors and 48.8 million business listings. 

Financial Summary:  

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY23 FY24 
Revenue 270.00 289.00 1,043 1,142 
Expenses 200.00 203 826 807 
EBITDA 71 86 217.00 335.00 
OPM 26% 30% 21% 29% 
Other Income 91 109 305 387 
Net Profit 116.00 158.00 363 584 
NPM 42.96 54.67 34.80 51.14 
EPS 13.6 18.53 42.67 68.7 
ICICI Bank Ltd
ICICI Bank Q4 Results: ₹12,630 Cr Profit, ₹11 Dividend, Strong Retail Loan & Digital Banking Growth

Business and Industry Overview: 

ICICI Bank is one of the top private banks in India. It was founded in 1994 and is based in Mumbai, Maharashtra. The bank provides many services like savings accounts, home loans, personal loans, credit cards, insurance, and investment products. It also offers digital banking through apps like iMobile Pay and InstaBIZ. It has over 6,600 branches and 16,000+ ATMs across India. It also operates in 11 countries, including the US, UK, Canada, Singapore, and South Africa.  In the latest financial results for Q4 FY2024–25, ICICI Bank reported a net profit of ₹12,630 crore, which is 18% higher than last year. The bank’s loans grew by 13.9%, mainly due to strong demand from retail customers. Its deposits also increased by 14%. The bank improved its asset quality, with fewer bad loans. ICICI Bank is investing in technology to improve its digital services and plans to open more branches in the future. 

Latest Stock News: 

ICICI Bank has recently shared its financial results for Q4 FY2024–25. The bank’s net profit grew by 18% compared to last year, reaching ₹13,502.22 crore. Its net interest income (NII) also increased by 11%, totaling ₹21,193 crore. The bank’s loans grew by 13.9%, mainly due to strong demand from retail customers, and its deposits increased by 14%. The bank’s asset quality improved, with the gross non-performing assets (NPA) ratio dropping to 1.67% from 1.96% in the previous quarter. ICICI Bank’s net interest margin (NIM) was 4.41%, slightly higher than 4.40% in the last quarter. As a result of this strong performance, ICICI Bank’s share price rose by 3.7% before the earnings were announced. The bank also declared a dividend of ₹11 per share for the quarter. These results show the bank’s strong financial position and growth. 

Business Segments: 

  1. Retail Banking: This area provides services like savings accounts, home loans, personal loans, credit cards, and investment products. It mainly serves individual customers. 
  1. Corporate Banking: Here, the bank offers loans and other financial services to businesses. This includes things like working capital and trade services. 
  1. Treasury: This area manages the bank’s investments, foreign exchange, and money market activities. It includes trading in government bonds and other financial products. 
  1. Wholesale Banking: This provides services to big businesses and government organizations. It includes financing and cash management services for large companies and institutions. 
  1. Insurance: ICICI Bank has a stake in ICICI Lombard General Insurance and ICICI Prudential Life Insurance. They offer many insurance products to both individuals and businesses. 
  1. Wealth Management and Private Banking: This area helps high-net-worth individuals with investment advice and managing their wealth. 
  1. Digital Banking: ICICI Bank has strong digital services like mobile apps and online banking. This makes banking easier for customers. 
     

Subsidiary information: 

  1. ICICI Prudential Life Insurance: This company provides life insurance products like protection plans, retirement plans, and ways to build wealth. 
  1. ICICI Lombard General Insurance: This company offers general insurance products, such as health, car, and home insurance. 
  1. ICICI Securities: This company helps with investment services, including stock trading, wealth management, and financial advice. 
  1. ICICI Home Finance: This company gives home loans to people who want to buy a house. 
  1. ICICI Venture: This company invests in businesses, helping them grow by providing private equity and venture capital funding. 
  1. ICICI Bank UK: ICICI Bank has a branch in the UK that offers banking services for individuals and businesses. 
  1. ICICI Bank Canada: This company provides banking services in Canada, such as personal loans, savings accounts, and business banking. 
     

Q4 Highlights: 

  • Net Profit: ₹12,629.58 crore, up 18% compared to last year, beating expectations. 
  • Net Profit Growth (Quarter on Quarter): Increased by 7.1%. 
  • Net Interest Income (NII): ₹21,193 crore, up 11% from last year. 
  • Net Interest Margin (NIM): 4.41%, slightly higher than last quarter. 
  • Treasury Gains: ₹239 crore, compared to a loss of ₹281 crore last year. 
  • Loan Growth: 13.9%, mainly from retail demand. 
  • Deposit Growth: 14%. 
  • Gross Non-Performing Assets (GNPA) Ratio: 1.67%, improved from 1.96% last quarter. 
  • Net Non-Performing Assets (NNPA) Ratio: 0.39%, improved from 0.42% last quarter and last year. 
  • Provision Coverage Ratio (PCR): 80.3%. 
  • Dividend: ₹11 per share, still needs approval at the Annual General Meeting. 
  • Stock Price: Increased by 3.7% before the result was announced. 
     

Financial Summary:  

Particulars Q4 FY24 Q4 FY25 FY24 FY25 
Revenue ₹2,419.28 crore ₹2,590.10 crore ₹9,994.42 crore ₹10,345.10 crore 
Expenses ₹2,678.37 crore ₹2,525.00 crore ₹9,961.60 crore ₹9,800.00 crore 
EBITDA ₹-259.09 crore ₹350.00 crore ₹-664.20 crore ₹820.00 crore 
Operating Margin (OPM) -10.71% 13.50% -6.65% 7.90% 
Net Profit / (Loss) ₹-95.95 crore ₹738.00 crore ₹-253.75 crore ₹2,520.00 crore 
Net Profit Margin (NPM) -3.97% 28.50% -2.54% 24.40% 
Earnings Per Share (EPS) ₹-0.93 ₹1.05 ₹-2.45 ₹6.50 

HDFC Bank Ltd.
HDFC Bank Q3 Results: Net Profit ₹17,616 Cr, Strong Retail & Digital Focus

Business and Industry Overview: 

HDFC Bank is the biggest private bank in India. It started in 1994 and began working in 1995. Its main office is in Mumbai, Maharashtra. In 2023, HDFC Bank joined with its parent company, HDFC Ltd. This made it one of the biggest banks in the world by value. The bank gives many services to people and businesses. It gives savings accounts, current accounts, fixed deposits, debit cards, credit cards, home loans, car loans, personal loans, education loans, and business loans. It also offers internet banking, mobile banking, insurance, mutual funds, and other investment services. The bank has many branches and ATMs in different parts of India. It is known for good customer service and strong digital banking. As of March 2025, the bank had ₹27.15 trillion in deposits. It gave loans worth ₹26.44 trillion. The bank is growing fast after the merger. The CEO and MD of the bank is Sashidhar Jagdishan. The Reserve Bank of India said HDFC Bank is very important for the Indian economy. 

Latest Stock News: 

On April 15, 2025, HDFC Bank’s share price went up by 4%. It reached ₹1,876.80, the highest since December 2024. This happened because the bank reduced savings deposit rates by 0.25%. This step may help the bank earn more profit as loan growth is becoming slow. On April 19, 2025, the bank shared its results for the March 2025 quarter. The bank made a profit of ₹176.16 billion. This profit was more than what experts expected. The bank’s net interest income became ₹320.7 billion. This is 4.6% higher than before. The bank’s asset quality also improved. Its gross bad loans went down to 1.33% from 1.42% last quarter. Experts say the bank will earn more profit in the coming months because of the rate cut. The stock price is good because investors are happy with the bank’s steps. 

Business Segments: 

  1. Retail Banking. This part helps people like salaried workers, small shop owners, and NRIs (Indians living in other countries). It gives services like savings and current accounts, personal loans, car loans, credit cards, and mobile or internet banking. HDFC Bank is very strong in personal and car loans. It is also a leader in digital payments. 
  1. Wholesale Banking. This part helps big companies, small and medium businesses, and government agencies. It gives business loans, current accounts, trade finance, cash management, tax payment help, and business cards. This part supports many business needs. 
  1. Treasury. This part handles the bank’s own money. It manages the bank’s investments, foreign money work (like currency exchange), and money market work. It helps the bank earn profit from its funds and also keeps the bank safe from interest rate changes. 

These three parts help the bank provide many services to many different types of customers all over India. 

Subsidiary information: 

HDFC Bank has several subsidiaries that offer different financial services: 

  1. HDB Financial Services Limited – Provides loans for personal needs, business, and vehicles. 
  1. HDFC Securities Limited – Helps people buy and sell stocks and investments. 
  1. HDFC Asset Management Company Limited (HDFC AMC) – Manages mutual funds and other investment products. 
  1. HDFC ERGO General Insurance Company Limited – Offers insurance for health, cars, homes, and more. 
  1. HDFC Life Insurance Company Limited – Provides life insurance plans, including term and endowment plans. 
  1. HDFC Capital Advisors Limited – Works with private investments and real estate. 
  1. HDFC Credila Financial Services Limited – Offers education loans to students. 
  1. HDFC International Life and Re Company Limited – Provides life reinsurance solutions in the UAE. 
     

Q4 Highlights: 

  • Net Profit: ₹17,616 crore, a 6.6% increase from ₹16,512 crore last year. 
  • Total Income: ₹89,488 crore, slightly lower than ₹89,639 crore last year. 
  • Interest Income: ₹77,460 crore, up from ₹71,473 crore last year. 
  • Dividend: The bank will pay ₹22 per share for the year ending March 31, 2025. 
  • Gross NPAs went up to 1.33% of loans, from 1.24% last year. 
  • Net NPAs rose to 0.43%, from 0.33% last year. 
  • Consolidated Net Profit: ₹18,835 crore, a 6.8% increase from ₹17,622 crore last year. 
  • Capital Adequacy Ratio (CAR): 19.6% as of March 31, 2025. 
  • Total Balance Sheet Size: ₹39.10 lakh crore, up from ₹36.17 lakh crore last year. 

Financial Summary: 

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY24 FY25 
Revenue 2,419.28 2,590.10 9,994.42 10,345.10 
Expenses 2,678.37 2,525.00 9,961.60 9,800.00 
EBITDA -259.09 350 -664.2 820 
Operating Margin (OPM) -10.71% 13.50% -6.65% 7.90% 
Net Profit / (Loss) -95.95 738 -253.75 2,520.00 
Net Profit Margin (NPM) -3.97% 28.50% -2.54% 24.40% 
Earnings Per Share (EPS) -0.93 1.05 -2.45 6.50 
Yes Bank Ltd
Yes Bank Q4 Results: ₹738 Cr Profit, 63% YoY Growth, and Strong Asset Quality

Business and Industry Overview: 

Yes Bank is a private bank in India. It started in 2004 and has its main office in Mumbai. The bank helps people and businesses with money. People can open savings and current accounts. They can also get loans, credit cards, and fixed deposits. Businesses use the bank for loans and money management. Many companies trust Yes Bank for their financial needs.  In 2020, Yes Bank had big money problems. Many people and businesses could not repay their loans. The bank lost a lot of money and faced a crisis. It could not manage its funds properly. The Reserve Bank of India (RBI) and other big banks helped. They gave money and made changes in the bank. This helped Yes Bank recover.  After that, Yes Bank worked to fix its problems. It became careful while giving loans. It checked risks properly before lending money. It also improved how it managed funds. The bank focused on online banking. It made mobile banking and online payments better. More people started using these services.   Yes Bank is now trying to grow again. It wants people to trust it. It still faces some problems. Other banks are strong competition. It also has old loan issues. But it is working hard to improve. It wants to become strong and stable in the future. 

Latest Stock News: 

Yes Bank made a profit of ₹738 crore in the last quarter of financial year 2025. This profit is 63% more than the profit in the same quarter last year. The bank made more profit because it kept less money for bad loans. This money is called provisions. The provisions fell by 32.5% and became ₹318 crore. The bank earned ₹2,276 crore from interest. This is called Net Interest Income (NII). It is 5.7% more than last year. The bank also earned ₹1,567 crore from other work. This is 11% more than last year. The bank’s loan quality got better. Gross NPA stayed the same at 1.60%. Net NPA became better. It went down to 0.3% from 0.5%. The bank gave more loans. The loans grew by 8.1% compared to last year. The bank also got more money from customers. Deposits grew by 6.8%. The profit from lending, called Net Interest Margin (NIM), became 2.50%. Last year it was 2.40%. Before the result, the share price went up by 1.2%. On April 16, 2025, the share price was ₹18.05. On the same day, the bank got a tax notice. The tax amount is ₹244 crore. It is for the year 2016–17. Even after this news, the share price went up by 3.02%. 

Business Segments:

Retail and SME Banking – This part gives loans to people and small businesses. It is the biggest part of the bank. It has 59% of the total loans.

Mid-Corporate Banking – This part gives loans to medium-sized companies. It has 16% of the total loans. 

Corporate Banking – This part gives loans to big companies. It has 25% of the total loans. 

Subsidiary information: 

  1. YES Securities (India) Limited (YSIL) is a subsidiary of Yes Bank, and it is fully owned by the bank. It was started in 2013 and is based in Mumbai, India. YES Securities offers many services, including investment banking, merchant banking, stock broking, wealth management, and research. It serves a variety of clients, such as retail customers, high-net-worth individuals (HNI/UHNI), and institutional clients. The CEO of YES Securities is Prasanth Prabhakaran, who has been with the company since 2017. 
  1. YES Asset Management (India) Limited is another fully owned subsidiary of Yes Bank. It focuses on managing mutual funds and offering investment products to both retail and institutional investors. The company helps customers by providing different types of investment solutions in various asset classes. 

Q4 Highlights: 

  • Net Profit: ₹738 crore, up 63% year-on-year. ​ 
  • Net Interest Income (NII): ₹2,276 crore, a 5.7% increase from the previous year. ​ 
  • Other Income: ₹1,567 crore, reflecting an 11% growth year-on-year. ​Reuters 
  • Gross Non-Performing Asset (NPA) Ratio: 1.60%, unchanged from the previous quarter. ​ 
  • Net NPA Ratio: Improved to 0.3% from 0.5% in the last quarter. ​
  • Loan Growth: 8.1% year-on-year. ​
  • Deposit Growth: 6.8% year-on-year.
  • Net Interest Margin (NIM): 2.50%, up from 2.40% in the previous year. 

Financial Summary: 

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY24 FY25 
Revenue 2,419.28 2,590.10 9,994.42 10,345.10 
Expenses 2,678.37 2,525.00 9,961.60 9,800.00 
EBITDA -259.09 350 -664.2 820 
Operating Margin (OPM) -10.71% 13.50% -6.65% 7.90% 
Net Profit / (Loss) -95.95 738 -253.75 2,520.00 
Net Profit Margin (NPM) -3.97% 28.50% -2.54% 24.40% 
Earnings Per Share (EPS) -0.93 1.05 -2.45 6.50 
Network18 Ltd
Network18 Q4 Results: Loss at ₹29.09 Cr Despite Strong News Segment Growth

Business and Industry Overview:  

Network18 Media & Investments Ltd. is a big media company in India. It started in 1996. Now, Reliance Industries Ltd. owns 75% of it. The company works in TV, digital media, and magazines. In TV, it runs many news channels. Some are CNN-News18, CNBC-TV18, CNBC Awaaz, News18 India, and News18 channels in different languages like Tamil, Bengali, Marathi, and more. It also runs Viacom18. This is a joint venture with Paramount Global. Viacom18 has many entertainment channels like Colors TV, MTV India, Nickelodeon, VH1 India, and Comedy Central. Viacom18 also owns JioCinema, which is an app to watch shows and movies online. JioCinema is now very popular. It also shows IPL cricket matches. In digital media, Network18 owns famous websites. These are Moneycontrol (for finance and stocks), News18.com (for news in many languages), Firstpost (for news and articles), and CNBC-TV18.com. These websites get over 180 million visitors every month. In print, Network18 also makes magazines like Forbes India (for business) and Overdrive (for cars and bikes). The company’s TV channels reach over 175 million people every week. It gives content in over 16 Indian languages. The company is big in news, entertainment, and digital space. With support from Reliance, it is an important media company in India. 

Latest Stock News: 

As of April 2025, the stock price of Network18 Media & Investments Ltd. is ₹41.81, which is much lower than its highest price of ₹106 in the past year. The company reported a big loss of ₹1,435 crore in the third quarter of FY25. This happened because Viacom18 was changed to an associate company and IndiaCast was sold. These changes made the company lose value. The company’s total revenue also went down by 23%, to ₹1,361 crore. But the news part of the company did better. Its revenue grew by 4.3%, reaching ₹1,896 crore for the whole year. This was because the company controlled costs better, charged more for ads, and got more viewers. The company is now focusing on using Artificial Intelligence (AI) to improve its work. They hired a new Chief AI Officer to lead this change. Even with the loss, the company is working to get better by using new technology and focusing on the areas that are doing well. 

Business Segments: 

  1. Television Broadcasting: The company runs many TV channels. These include business news channels like CNBC-TV18 and CNBC Awaaz, and general news channels like CNN-News18 and News18 India. They also have regional news channels under the News18 name. 
  1. Digital Content: Network18 owns websites like Moneycontrol for finance news, News18.com for general news, and Firstpost for news and articles. These websites provide a lot of content for people to read online. 
  1. Publishing: The company also publishes magazines like Forbes India for business news and Overdrive for car and bike-related content. 
  1. Other Businesses: Network18 is involved in other businesses like making films and digital commerce (selling things online). 
     

Subsidiary information: 

  1. Network 18 Media Trust – A trust fully owned by the company. 
  1. Infomedia Press Limited – The company owns 50.69% of this business. 
  1. Colosceum Media Private Limited – Fully owned by Network18. 
  1. Greycells18 Media Limited – The company owns 89.69% of this business. 
  1. Media18 Distribution Services Limited – Fully owned by Network18. 
  1. Web18 Digital Services Limited – Fully owned by Network18. 
  1. Moneycontrol Dot Com India Limited – Fully owned by Network18. 
  1. AETN18 Media Private Limited – The company owns 51% of this business. 
     

Q4 Highlights: 

  1. Revenue: The company’s news business grew by 4.3%, reaching ₹1,896 crore for the year ending on March 31, 2025. 
  1. Profit: The news division’s operating profit (EBITDA) increased a lot, almost doubling to ₹33 crore. This happened because the company controlled costs well, increased ad prices, and got more viewers. 
  1. Loss: The company reported a big loss of ₹1,435 crore for Q4. This loss happened because Viacom18 was changed to an associate company, and the company sold IndiaCast. These changes made the company lose value on its balance sheet. 
     

Financial Summary: 

Amount in ₹ Crore Q4 FY23 Q4 FY24 FY23 FY24 
Revenue 1,483.72 2,419.28 6,320.95 9,994.42 
Expenses 1,462.77 2,678.37 7,266.21 9,961.60 
EBITDA 20.95 -259.09 137.3 -664.2 
Operating Margin (OPM) 1.41% -10.71% 2.17% -6.65% 
Net Profit / (Loss) -36.78 -95.95 -84.27 -253.75 
Net Profit Margin (NPM) -2.48% -3.97% -1.33% -2.54% 
Earnings Per Share (EPS) -0.35 -0.93 -0.81 -2.45 
HDFC Life Insurance
HDFC Life Q4 Results: ₹477 Cr Profit, 16% Growth and Strategic Insights

Business and Industry Overview:  

HDFC Life Insurance Company was founded in 2000. It is a joint venture between HDFC and Standard Life. It is one of the largest private life insurance companies in India. The company sells many types of insurance plans. These include protection, pension, savings, and investment plans. HDFC Life is the second-largest private life insurer in India. It holds a market share of 15.3% among private companies. 

HDFC Life has more than 600 branches in India. It has a network of 2.4 lakh agents. The company works with banks, brokers, and online platforms to sell insurance. HDFC Life has covered over 6.6 crore lives. It is growing fast in smaller cities. These cities contribute 65% of the company’s revenue. 

The company aims for 18%-20% growth in the next year. In November 2024, there was a cyberattack. Customer data was stolen in the attack. The company is investigating the incident. In January 2025, HDFC Life received a GST order of ₹270 crore. Despite these challenges, the company is focused on growth. It continues to serve customers through many different channels. 

Latest Stock News: 

HDFC Life Insurance Company’s stock is currently priced at ₹717. Recently, the company announced its results for the fourth quarter of FY25. In this quarter, HDFC Life reported a net profit of ₹477 crore, which is a 16% increase compared to ₹412 crore in the same quarter of the previous year. This shows that the company is making more money and doing well in the market. The company also saw a 16% rise in its premium income. Premium income refers to the money the company earns from selling insurance policies. In this quarter, HDFC Life earned ₹23,766 crore in premium income, up from ₹20,488 crore last year. This increase means that more people are buying insurance from the company, which is a positive sign for its growth. HDFC Life also announced a dividend of ₹2.10 per share for its shareholders. This means that if someone owns shares in the company, they will get ₹2.10 for each share they own as a part of the company’s profit. Offering a dividend is a way for companies to share their profits with their investors. However, the company faced a challenge in November 2024 when it was hit by a cyberattack. During the attack, sensitive customer data was stolen. The company has launched an investigation to find out how the attack happened, understand the damage, and ensure that it doesn’t happen again. Even though this was a serious issue, the company is working hard to resolve it and prevent future problems. Despite the cyberattack, analysts are still positive about HDFC Life’s future. For example, Motilal Oswal, a well-known financial analyst, has given the stock a “Buy” recommendation. They believe that the stock price will go up and set a target price of ₹850. This means that analysts believe the company’s performance will improve, and the stock will become more valuable in the coming months. Overall, HDFC Life has been doing well financially, and even though it faced a cyberattack, the company is working to resolve the issue. The company’s growth in premium income, the positive outlook from analysts, and the dividend for shareholders all suggest that HDFC Life is a strong company with a good future ahead. 

Business Segments: 

  1. Individual Insurance: 
    HDFC Life offers several types of insurance plans for individuals: 
  • Protection Plans: These plans provide financial help to the family if the policyholder dies. It includes term insurance. 
  • Pension Plans: These help people save money for retirement and provide regular income after they retire. 
  • Savings & Investment Plans: These plans combine saving money and getting insurance at the same time. 
  • ULIPs (Unit Linked Insurance Plans): In these plans, part of the money goes into investments like stocks or bonds, while the person is also covered by insurance. 
     
  1. Group Insurance: 
    HDFC Life also provides insurance for groups, like companies or organizations that want to cover their employees. The group plans include: 
  • Group Term Life Insurance: This gives life coverage for a group of employees. 
  • Group Health Insurance: This covers medical expenses for a group of employees. 
  • Group Credit Life Insurance: This covers people who have loans. If the borrower dies, the loan is paid off. 
  1. Other Services: 
  • Annuities: Annuities give regular payments to people, usually after they retire. 
  • Riders: These are extra benefits that can be added to a basic insurance plan, like protection for accidents or critical illnesses. 

In the first half of FY25, the company’s new business came from these areas: 

  • ULIPs made up 37% of the new business. 
  • Non-Participating Savings Plans were 35%. 
  • Participating Savings Plans (Par) were 18%. 
  • Term Insurance made up 6%. 
  • Annuity Plans made up 5%.
     

Subsidiary information: 

HDFC Life Insurance Company has some subsidiaries. These companies help HDFC Life in different ways: 

  1. HDFC Pension Management Company Limited: This company started in 2012. It manages pension funds under India’s National Pension System (NPS). As of March 31, 2023, it had 15.2 lakh customers. It managed ₹45,397 crore in assets, which grew by 60% from the previous year. 
  1. HDFC International Life and Re Company Limited: This company started in 2016. It is based in Dubai, UAE, and is regulated by the Dubai Financial Services Authority (DFSA). It provides reinsurance for life insurance policies and group credit life insurance. It won the “Emerging Company of the Year” award from ET Ascent. 

Q4 Highlights: 

  • Net Profit: The company made ₹477 crore in profit, which is 16% higher than last year’s ₹412 crore. 
  • Net Premium Income: The total premium income grew by 16%, reaching ₹23,766 crore, compared to ₹20,488 crore last year. 
  • Value of New Business (VNB): VNB grew by 11.5%, reaching ₹1,376 crore, up from ₹1,234 crore last year. 
  • Dividend: The company announced a final dividend of ₹2.10 per share for FY25. 

Financial Summary: 

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY23 FY24 
Revenue 28,041.00 24,191.00 101,482 96,922 
Expenses 27,766.00 23,814 100,951 96,095 
EBITDA 275 377 531.00 826.00 
OPM 1% 2% 1% 1% 
Other Income 174 124 525 463 
Net Profit 412.00 475.00 1,574 1,811 
NPM 1.47 1.96 1.55 1.87 
EPS 1.91 2.21 7.32 8.41 
HDFC AMC ltd
HDFC AMC Q4 Results: 31% Profit Growth, ₹7.76 Trillion AUM & Dividend News

Business and Industry Overview:  

HDFC Asset Management Company (HDFC AMC) is one of the biggest investment companies in India. It was started in 1999 and helps people invest in different types of mutual funds. Mutual funds allow people to put their money together to invest in things like stocks (equity), bonds (debt), and safer short-term investments (liquid funds). HDFC AMC manages a lot of money—₹7,764 billion (₹7.76 trillion) in assets as of 2025. HDFC AMC offers 98 different mutual fund schemes. These include 39 equity funds, 32 debt funds, and other types of funds. The company is the investment manager for HDFC Mutual Fund, one of the largest mutual funds in India. Besides mutual funds, HDFC AMC also offers services like portfolio management and alternative investment options to rich individuals, family offices, and organizations. HDFC Bank, India’s largest private bank, owns 52.48% of HDFC AMC. This gives the company a strong backing. HDFC Bank has many branches and ATMs across India, which help HDFC AMC reach a large number of people. HDFC AMC has seen a big increase in its customers. As of 2025, it has 12.6 million unique investors and 22.1 million active accounts.  

Latest Stock News: 

HDFC Asset Management Company (HDFC AMC) has been doing well in the stock market. On April 18, 2025, its stock price was ₹4,101.10, which went up by 1.34% from the previous day. The highest price of the stock in the last year was ₹4,862, and the lowest was ₹3,255. This shows the stock has moved up and down in the past year. On April 17, 2025, the company’s Board of Directors met to approve the financial results for the year ending on March 31, 2025. They also talked about giving a dividend to shareholders. This shows the company is confident about its performance and wants to share the profit with its investors. HDFC AMC’s financial performance in the third quarter of FY25 was very strong. The company’s net profit increased by 31% compared to last year, reaching ₹641 crore. This was mainly because of good performance in the stock market and continuous inflows into investment plans called Systematic Investment Plans (SIPs). The company’s revenue also grew by 39%, from ₹674 crore last year to ₹935 crore this year. Experts are positive about HDFC AMC’s stock.  

Business Segments: 

  1. Mutual Funds: 
    HDFC AMC manages different types of mutual funds for investors: 
  • Equity Funds: These invest in stocks and can give high returns ,but have more risk. 
  • Debt Funds: These invest in safer options like bonds and give steady returns with lower risk. 
  • Liquid Funds: These are short-term, low-risk investments, good for easy access to cash. 
  • Other Funds: These include funds for saving taxes, retirement plans, and ones that mix equity and debt. 
     
  1. Alternatives: 
    HDFC AMC also offers special investment services: 
  • Portfolio Management Services (PMS): This helps rich people and big companies create custom investment plans. 
  • Segregated Account Services: This allows clients to have separate accounts based on their needs. 
  • Alternative Investment Funds (AIFs): These are investments outside of stocks and bonds, like real estate or private companies. 
     
  1. Digital Services: 
    HDFC AMC uses technology to make investing easy: 
  • Chatbots and WhatsApp Support: Customers can get quick help using chatbots or WhatsApp. 
  • Online Transactions: Investors can manage their money and make transactions online. 
  • Personalized Tools: The company gives tools to help investors make custom investment plans. 
     
  1. Distribution Network: 
    HDFC AMC has a wide network to sell its products: 
  • 280 Offices: The company has offices across India to serve customers. 
  • 95,000+ Distribution Partners: These include financial advisors who help people buy and manage investments. 
     

Subsidiaries and Joint Ventures: 

  • HDFC India Small Cap Fund 
  • HDFC India Equity Savings Fund 
  • HDFC India Flexi Cap Fund 
  • HDFC India Balanced Advantage Fund 
  • HDFC India Mid-Cap Opportunities Fund 
  • HDFC India Nifty 50 Fund 

Q4 Highlights: 

  • Net Profit: HDFC AMC made a profit of ₹638.46 crore, an 18% increase from last year’s ₹541 crore. 
  • Revenue: The company earned ₹1,025.48 crore in revenue, which is a 20.47% increase from last year. 
  • Profit Margin: The net profit margin was 62.26%, showing the company is making good profits. 
  • Dividend: HDFC AMC has proposed a dividend of ₹90 per share, subject to shareholder approval at the AGM. 
  • Assets Under Management (AUM): The total AUM was ₹7.76 lakh crore, up from ₹5.75 lakh crore last year. 
  • Market Share: The company holds 11.3% of the market share. 
  • Digital Transactions: 95% of all transactions were done electronically in Q3 FY25. 

Financial Summary: 

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY23 FY24 
Revenue 695.00 901.00 3,159 3,498 
Expenses 156.00 170 623 704 
EBITDA 539 731 2,536.00 2,794.00 
OPM 78% 81% 80% 80% 
Other Income 155 124 4 560 
Net Profit 541.00 639.00 1,946 2,461 
NPM 77.84 70.92 61.60 70.35 
EPS 25.35 29.88 91.15 115.11