Shriram Finance Q3 Results: Solid Profit Spurt Due to One-Time Benefit.
Shriram Finance posted a stellar performance in Q3 FY25 with a standalone net profit of ₹3,569.76 crore. This is a remarkable 96.32% increase from ₹1,818.33 crore during the same period last year. The highlight of this jump was a one-time post-tax profit of ₹1,489.39 crore from the sale of its holding in Shriram Housing Finance Limited (SHFL).
Omitting this one-off gain, the profit after tax of the company increased by 14.4% year on year to ₹2,080 crore. The board also announced an interim dividend of ₹2.5 per equity share, which demonstrates its optimism about the growth of the business steadily.
The quarter’s performance highlights Shriram Finance’s strategic intent of releasing value through strategic divestments while sustaining a strong growth path in its core financial services business.
IndiGo Q3 Results: Revenue Increases Despite Decline in Profit
Conversely, India’s largest airline IndiGo experienced headwinds during Q3 FY25. The firm reported a net profit of ₹2,448.8 crore, down 18.6% from ₹2,998.1 crore in the corresponding quarter of the last fiscal year.
In spite of this fall in profitability, IndiGo’s operating revenue registered a healthy growth of 14% at ₹22,111 crore during the quarter, up from ₹19,452 crore in the same period of last year. Costs, however, surged due to depreciation of the rupee. The company incurred heavy foreign exchange losses, which pushed total expenses in the quarter up by 20%.
The performance of IndiGo demonstrates the difficulty in coping with the externalities of currency fluctuations while domestic and global air travel demand continues to remain strong.
Whereas Shriram Finance rode strategic initiatives to post outstanding performance, IndiGo’s fall in profits reflects the difficulty of weathering macroeconomic challenges. These divergent performances reflect the dynamic character of India’s financial and aviation industries, revealing their growth and challenges.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: ZEE Entertainment Reports Strong Q3 FY25 Results.
Published on: January 23, 2025 at 5.43 PM GMT.
As stated in Bhagavad Gita : (Bhagavad Gita 1.1)
धर्मक्षेत्रे कुरुक्षेत्रे समवेता युयुत्सवः।
In the field of dharma, Kurukshetra, gathered to fight.
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