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Indian information technology company Mphasis reported third-quarter ‍revenue in line with ​estimates on Thursday, with banking and financial ⁠services clients resuming spending on technology amid better macroeconomic and policy clarity.
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Indian markets snapped a three-day losing streak as Nifty and Sensex closed higher. Stocks like Gokaldas Exports, CreditAccess Grameen and Amagi gained, while IIFL Finance and PNB Housing fell sharply despite earnings updates.
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ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services.
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Ujjivan Small Finance Bank posted a strong Q3 performance, reporting its highest-ever net interest income of Rs 1,000 crore and a 71% jump in profit to Rs 186 crore. Improved collection efficiency and easing microfinance stress reduced provisioning needs, while a rising share of secured loans bolstered asset quality and profitability.
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Indian stock markets are showing signs of recovery with renewed buying interest. Traders should prepare for increased volatility in the coming days. The Nifty 50 has found support, and while the broader market structure remains bearish, FII cash selling has not been aggressive. Defence and PSU banks are highlighted as preferred sectors for potential outperformance.
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Shares of IIFL Finance fell sharply on Thursday despite posting an 11X jump in Q3 profit to Rs 464 crore. The sharp fall came amid heavy volumes and reports of three GST orders worth Rs 13.2 crore. Strong AUM growth, especially in gold loans, supported otherwise robust quarterly performance.
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Adani Energy Solutions Q3 Results: Adani Energy Solutions reported a slight dip in net profit but saw a 15% revenue jump, fueled by strong operational performance and higher capital expenditure. Record EBITDA was achieved, driven by transmission and smart metering growth. The company is expanding its transmission project pipeline and smart meter installations, anticipating robust...
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IndiGo Q3 Results: IndiGo’s net profit plummeted 78% year-on-year to Rs 550 crore in the December quarter, despite a 6% rise in revenue to Rs 23,472 crore. Excluding exceptional items, the profit stood at Rs 3,131 crore, with a significant dip in PAT margin to 2.3%.
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Gold prices, up nearly 70% in 2025 after hitting record highs, still have room to run, SAMCO Securities said, projecting a long-term target of $7,040. Brokerages view recent consolidation as healthy, with strong technicals, central-bank buying and macro tailwinds supporting the uptrend, though rising risk appetite or tighter US policy could trigger short-term corrections.
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The Indian rupee broke its six-day declining ‍streak by staging a ​mild recovery on Thursday, supported by an improvement ⁠in risk appetite after U.S. President Donald Trump stepped back from tariff threats against Europe linked to Greenland.
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