Paytm brand owner Financial Technology Company One 97 Communications deficit has reduced to the previous financial year (2024–25) in the January-March quarter to Rs 545 crore. The company had a loss of Rs 551 crore in the same quarter of FY 2023-24.
The company said in the information to the stock market that its operational income declined by 15.7 percent to Rs 1,911.5 crore in the March quarter, which was Rs 2,267.1 crore in the same quarter of FY 2023-24. The company said that its deficit has come down to Rs 645.2 crore in the last financial year, which was Rs 1,390.4 crore in FY 2023-24.
12 percent declines in net profit of Alembic Pharma
Vadodara’s Alembic Pharmaceuticals recorded a 12 percent decline in net profit during the fourth quarter of FY 2024-25 and it declined to Rs 157 crore. Its net sales increased by 17 percent to Rs 1,770 crore. Ebita also increased by 9 percent to Rs 286 crore, causing Ebita margin 16 percent. Profit before tax increased by 5 percent to Rs 192 crore. Alembic Group CFO RK Baheti clarified that the company had put the blocked properties in the previous years, which reduced taxation. Shaunak Amin, managing director of Alembic Pharmaceuticals, said India’s branded business performed better on the strength of special remedies.
3 percent increase in profit of Bank of Baroda
The net profit of the public sector Bank of Baroda (BOB) increased to Rs 5,048 crore in the fourth quarter of the previous financial year to Rs 5,048 crore. The bank on Tuesday reported the financial results of the January-March, 2025 quarter to the stock market. The bank made a net profit of Rs 4,886 crore in the same quarter of a year ago. The BOB said that his total income in the quarter has increased from Rs 33,775 crore to Rs 35,852 crore in the quarter. During this period, the bank’s interest income increased to Rs 30,642 crore, which was Rs 29,583 crore in the same period of a year ago. However, the net interest income (NII) declined to Rs 11,020 crore in the quarter.
First Published – May 6, 2025 | 10:58 PM IST
(Business Standard Staff has changed the headline and photo of this report, the rest of the news has been published without any change from a common news source.)
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