Whalesbook
Bajaj Auto Reports Record Quarterly Profit
Bajaj Auto's market-leading position and strong product mix fueled its best-ever quarterly profit of ₹2,746 crore for the March quarter, a robust 34 percent year-on-year jump. The automotive giant's revenue from operations also surged 32 percent to a record ₹16,006 crore, indicating sustained demand both domestically and in export markets. This financial strength reflects in its stock performance.
Paytm Achieves First Annual Profit
Meanwhile, Paytm, operated by One97 Communications, has achieved a significant turnaround. The fintech firm posted a net profit of ₹183 crore for the same period, a stark contrast to a net loss of ₹545 crore a year ago. This quarter's performance cemented its position by delivering its first-ever annual net profit of ₹552 crore.
Servotech Wins New Solar Project
Servotech Renewable Power System secured a new mandate, adding a 1,415 kW solar rooftop project order from the South Central Railway, Vijayawada Division. This win is expected to bolster its renewable energy portfolio and revenue streams.
Muthoot Microfin Shares Fall Despite Profit Growth
Muthoot Microfin shares traded lower, despite the company reporting a net profit of ₹71.1 crore for the quarter. This marks a significant improvement from a substantial loss in the previous year, and its net interest income rose 20.1 percent year-on-year to ₹400.3 crore.
Other Stocks See Movement
Other companies also saw stock movements. Zaggle Prepaid Ocean Services' shares rose 1 percent after signing a three-year agreement with Supreme Industries. Waaree Energies' shares gained marginally after its subsidiary secured a power purchase agreement with the Solar Energy Corporation of India for a large wind project. These moves highlight ongoing market activity tied to corporate announcements and sector trends.