Top gainer: Wipro 307 ▲ 9.5 (+3.20%)
Top loser: Bharat Electronics Limited 268 ▼ 10 (-3.89%)
Shares of Cyient DLM were trading over 11% lower at ₹530.25 apiece
Shares of Cyient DLM were trading over 11% lower at ₹530.25 apiece on the BSE, a day after the company released its Q3 FY25 results. On Tuesday, Cyient DLM announced that its revenue grew 38% year-on-year to ₹444 crore in the December quarter. However, profit after tax was down 41.7% YoY to ₹10.8 crore. The company said employee costs and other expenses were higher in Q3 FY25 due to consolidation with Altek Electronics Inc. – a firm that Cyient DLM acquired in October 2024.
Shares of ICICI Prudential Life Insurance declined 10%
Shares of private life insurer ICICI Prudential Life Insurance declined 10% on Wednesday, a day after the company reported its financial results for the latest December quarter. In the quarter under review, the net premium income (NPI) surged 23.48% to ₹12,261 crore, compared to ₹9,929 crore in the same quarter a year ago. The insurer’s assets under management (AUM) surged to ₹3.10 lakh crore as of December 31, 2024, up from ₹2.86 lakh crore in the corresponding period last fiscal.
Shares of IndiaMART InterMESH were trading 9.31% lower at ₹2,079.80 apiece
Shares of the company were trading 9.31% lower at ₹2,079.80 apiece on the BSE as the Street was disappointed with the company’s Q3 results, which were declared yesterday, after market hours. The company on Tuesday reported a 36% rise in its consolidated net profit for the quarter ended December 31, 2024, to ₹125 crore versus ₹92 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 337 crore, a growth of 16% versus ₹291 crore in the corresponding quarter of the previous financial year.