Q4 Results

Union Bank profit jumps 50%

Mumbai: State-owned Union Bank of India's March quarter net profit jumped 50 per cent to Rs4,985 crore, and a top official Friday said RBI's rate cuts will keep its net interest margins under pressure going forward. The bank had earned a net profit of Rs3,311 crore in the same quarter previous fiscal. Total income rose to Rs33,254 crore in the quarter as compared to Rs31,058 crore in the same period a year ago. Speaking to reporters here, Managing Director and chief executive A Manimekhalai declined to comment on the controversy surrounding allegations of impropriety in the bulk purchase of a book by former chief economic advisor Krishnamurthy Subramanian by the bank.

Britannia profit rises 4.2% to `559.13 cr

New Delhi: Bakery food company Britannia Industries Ltd has reported a 4.2 per cent rise in consolidated net profit to Rs559.13 crore for the March quarter of FY25, despite subdued demand and a challenging operating environment. The company had posted a net profit of Rs536.61 crore in the same quarter a year ago, according to a late-night regulatory filing on Thursday by Britannia Industries. Britannia Industries' revenue from the product sales rose 9 per cent to Rs4,375.57.30 crore in the March quarter.

Motherson profit declines 13.85% to `164.93 cr

New Delhi: Auto components maker Motherson Sumi Wiring India Ltd on Friday reported a 13.85 per cent decline in net profit at Rs164.93 crore in the March quarter impacted by higher expenses and raw material cost. The company posted a net profit of Rs191.44 crore in the same quarter previous fiscal, Motherson Sumi Wiring India Ltd (MSWIL) said in a regulatory filing. Total revenue from operations in the fourth quarter stood at Rs2,509.52 crore as against Rs2,232.67 crore in the year-ago period, it added.

Hester profit jumps 36% on poultry growth

Mumbai: Hester Biosciences on Friday reported a 36 per cent jump in consolidated net profit to Rs28.83 crore for the financial year ended on March 31, 2025, driven by high revenue growth of its poultry healthcare products, according to a statement. The country's leading animal health company, which manufactures vaccines and health products, had reported a consolidated net profit of Rs21.17 crore in the 2023-24 financial year. Revenue from operations rose to Rs311.10 crore in 2024-25 from Rs304.55 crore in the previous quarter, the Gujarat-based company said in the statement.