The company also announced the acquisition of 100% equity in Enel Green Power India Private Limited (EGPIPL) for a total consideration of ₹792.00 crore. This acquisition expands Waaree's renewable energy portfolio, strengthening its presence in the solar and wind power sectors.
Gross premiums written during the nine months amounted to ₹9,49,275 lakh, reflecting sustained growth despite challenges in the insurance industry.
The decline in PAT was primarily driven by a 49% increase in impairment on financial instruments, which amounted to ₹1,313 crore in Q3 FY25, up from ₹883 crore in the same period last year. Despite the decrease in profit, SBI Cards experienced growth in key business metrics.
The e₹ wallet allows a daily transaction limit of ₹50,000 and a per-transaction limit of ₹10,000.
Commercial vehicle volumes grew by 6% YoY, with electric three-wheeler sales surging 5x YoY and market share tripling. Bajaj's network expansion from 600 to 850 touchpoints further supported growth.
The company’s revenue from operations on a standalone basis reached ₹4,143 crore for the quarter, reflecting a growth of over 20% compared to the same period last year. On a consolidated level, revenue stood at ₹4,796.80 crore, driven by higher interest income and gains from other financial services.
Exide Industries Limited, a leader in battery manufacturing, has reported a 7% year-on-year growth in Profit Before Tax (PBT) for the first nine months of FY25, signaling steady performance despite challenging market conditions.
The investment banking arm completed 35 deals, including block transactions, with a cumulative issue size exceeding Rs. 46,000 crore in 9MFY25.
The deal, announced on January 28, 2025, will result in the issuance of 11.25 crore equity shares of NITCO, securing Authum a major stake in the tile manufacturing and real estate development company.
The company achieved 3.2% growth in Q3 and 8.8% in the nine-month period.
Suzlon achieved its highest-ever order book of 5.5 GW, with Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers accounting for 80% of total orders.
Revenue rose to ₹339.58 crore, reflecting strong demand for the company’s mutual fund and portfolio management services.
During the quarter, TVS Holdings sold its 100% stake in TVS Emerald Limited, resulting in a gain of ₹103 crore.
The company is currently developing three landmark residential projects and has plans for additional marquee developments in premium locations.
The site holds sentimental value for Mumbai, known for its ties to the city’s cinematic history. Arkade Developers plans to transform the plot into a landmark residential project while honoring its heritage.
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