The diesel engine maker reported double-digit revenue growth in the June quarter, driven by broad-based demand across its businesses. However, weaker operating margins weighed on earnings despite higher sales.
US stocks mixed: Dow up, Nasdaq down on tech weakness. Investors eye earnings, AI, West Asia, and jobless claims.
Shares of Sula Vineyards Ltd ended at ₹167.65, down by ₹3.05, or 1.79%, on the BSE.
The infrastructure developer reported a 46% jump in June-quarter profit as revenue surged on strong execution. However, operating margins narrowed, indicating costs rose faster than revenue during the quarter.
Shares of EIH Ltd ended at ₹326.00, down by ₹1.00, or 0.31%, on the BSE.
Retail, FMCG, insurance and pharma dominated another busy day of results, but the biggest market moves came from the details hidden beneath the headline numbers.
LIC’s total APE stood at ₹13,692 crore during the quarter, up 8.2% from a year ago but below the CNBC-TV18 poll estimate of ₹14,841 crore. VNB surged 61.3% year-on-year to ₹3,136 crore, significantly ahead of the poll estimate of ₹2,638…
Apollo Tyres reported a strong rebound in June-quarter profit as last year’s exceptional losses swung to a gain, while revenue grew in double digits. However, margin pressure persisted, and the company also announced a key board-level leadership transition.
Shares of Premier Energies Ltd ended at ₹1,045.00, up by ₹10.50, or 1.01%, on the BSE.
The rupee depreciated 16 paise to close at 95.24 (provisional) against the US dollar on Thursday, on slight gains in the US Dollar Index and a modest increase in US Treasury yields.