Delhivery Q3 FY25 results: Net profit rises to Rs 40.59 crore, revenue surges 8.6% YoY to Rs 2,378.3 crore
Delhivery allocated ₹136 crore towards upgrading its proprietary logistics operating system as part of its IPO fund utilization plan.
Matrika Shukla, Beat Editor at Business Upturn, is a Multimedia student. She is passionate about investigating and reporting on complex subjects. She has an extensive background in digital media with special focus on Politics.
Delhivery allocated ₹136 crore towards upgrading its proprietary logistics operating system as part of its IPO fund utilization plan.
On a consolidated basis, total revenue reached ₹340.41 crore, while net profit after tax was ₹19.74 crore, reflecting consistent growth and business expansion.
Profit before tax for the quarter rose to ₹14,949 lakh, a significant increase from ₹11,430 lakh in the corresponding period last year. The company attributed the growth to increased demand, efficient cost management, and expanding market reach.
Firstsource has acquired Accunai India Services Private Limited (AccunAI), a Jaipur-based AI development company, for ₹8.1 crore in an all-cash deal to strengthen its AI-driven capabilities.
Happy Forgings successfully completed its Initial Public Offering (IPO) in December 2023, raising ₹1,008.6 crore, including a fresh issue of ₹400 crore.
The company’s profit before tax (PBT) for the quarter was ₹176 crore, and tax expenses totaled ₹43.9 crore, leading to a net profit of ₹132.1 crore.
The company expects to complete the full delivery by March 2025, reinforcing its ability to meet international quality standards and establish itself as a trusted manufacturing partner in the global renewable energy market.
GIC Re's financial results reflect its strong underwriting practices, disciplined investment strategy, and improving claims ratio. The company also received a reaffirmation of its financial strength rating, with AM Best assigning an ‘A- (Excellent)’ rating with a stable outlook.
On a consolidated basis, Ramco Cements reported total revenue of ₹1,983.45 crore for the quarter, with a net profit of ₹25.77 crore. The company benefited from strategic sales of investments and surplus land, contributing ₹290.12 crore and ₹38.88 crore, respectively, to exceptional income.
In addition to the strong financial results, the company also reported an increase in earnings per share (EPS), which reached ₹0.09 for Q3 2024 and ₹0.23 for the nine-month period.
The two multi-source edible oils are designed to offer health-conscious choices for everyday cooking, with Uplife Lite providing a lighter option for those seeking lower calorie intake, while Uplife Gut Pro targets gut health, enriching the diet with beneficial properties.
Meson Valves India, which is part of the Make in India initiative, has consistently focused on the development and production of cutting-edge valves for critical applications in industries worldwide.
The project, valued at over INR 14 crore, will involve the deployment of a state-of-the-art SD-WAN solution across MSETCL's offices throughout Maharashtra.
The auction was conducted on behalf of the English & Wales Cricket Board (ECB), and the acquisition is expected to enhance Sun TV Network’s portfolio in the sports entertainment sector.
The joint venture, which was officially incorporated on February 6, 2025, will see both companies holding equal stakes, with NGEL contributing 50% of the equity shares.
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