Tanla Platforms Q4 Profit Falls 9.9% to ₹117.3 Cr; Declares ₹6 Interim Dividend

Cloud communications firm Tanla Platforms reported a 9.9% decline in net profit for the March quarter (Q4FY25) at ₹117.3 crore, compared to ₹130.2 crore in the same period last year. The quarterly results reflect a lackluster performance, with limited topline growth and stagnant operating margins.

Q4 FY25 Performance 

Tanla’s revenue rose by 1.9% year-on-year to ₹1,024.4 crore, up from ₹1,005.5 crore. Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also grew 1.9% to ₹163.4 crore from the year-ago period.

However, despite the slight increase in revenue and EBITDA, the company’s EBITDA margin remained flat at 16%, indicating no significant improvement in operational efficiency or cost control.

Dividend Announcement for FY25

Tanla’s board declared a second interim dividend of ₹6 per share for FY25, signaling shareholder returns despite a dip in profits.
The record date to determine eligible shareholders has been set for Wednesday, April 30, 2025.

Tanla Platforms continues to navigate a challenging market environment, with muted revenue momentum and pressure on profitability highlighting the need for strategic recalibration in upcoming quarters.

Stock Performance 

On April 25, 2025, Tanla Platforms share price traded 3.75% lower at ₹466.10 at 10:23 AM (IST). Tanla Platforms share price reached a 52-week high of ₹1,086.05, and a 52-week low of ₹409.40. As per BSE, the total traded volume for the stock stood at 1.07 lakh shares with a turnover of ₹5.05 crores.

According to exchange data, Tanla Platforms shares are trading at a price-to-earnings (P/E) ratio of 31.95x, based on its trailing 12-month earnings per share (EPS) of ₹14.59, and a price-to-book (P/B) ratio of 10.47.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Macrotech Developers Q4 Net Rises Jumps 38.5% to ₹921.7 Cr; Declares ₹4.25 Dividend per Share

Real estate major Macrotech Developers reported a consolidated net profit of ₹921.7 crore for the fourth quarter of FY25, supported by steady sales growth and robust collections. The company’s consolidated revenue rose 5.1% year-on-year to ₹4,224.3 crore during the quarter.

Q4 FY25 Performance 

According to operational updates released earlier this month, the collections for Q4FY25 stood at ₹4,440 crore, marking a 26% year-on-year growth, with an embedded EBITDA margin of 32%.

The company also registered pre-sales worth ₹4,810 crore, representing a 14% increase compared to the same period last year.

For the full financial year 2024-25, Macrotech’s net profit jumped 71% to ₹2,764 crore, while consolidated revenue surged 34% to ₹10,316 crore.

Collections for the year rose 29% to ₹14,490 crore, and pre-sales expanded by 21% to ₹17,630 crore, indicating sustained demand momentum across its markets.

Project Pipeline Exceeds Guidance

In FY25, the company added 10 new projects across its core markets—Mumbai Metropolitan Region (MMR), Pune, and Bengaluru—with a combined gross development value (GDV) of ₹23,700 crore, exceeding its annual guidance.

Macrotech Developers continues to leverage strong demand in residential real estate, with strategic project launches and solid financial performance positioning the firm for sustained growth in FY26.

Stock Performance 

On April 25, 2025, Macrotech Developers share price traded 3% higher at ₹1,360.00 at 9:16 AM (IST). Macrotech Developers share price reached a 52-week high of ₹1,648.00, and a 52-week low of ₹1,036.00. As per BSE, the total traded volume for the stock stood at 0.17 lakh shares with a turnover of ₹15.81 lakhs.

According to exchange data, Macrotech Developers shares are trading at a price-to-earnings (P/E) ratio of 68.75x, based on its trailing 12-month earnings per share (EPS) of ₹19.59, and a price-to-book (P/B) ratio of 7.61.

FIIs Pour ₹8,250 Crore into Indian Equities; Biggest Buy Since March 27, 2025

Foreign institutional investors (FIIs) continued their bullish momentum for the eighth straight session on Thursday, April 24, infusing a massive ₹8,250 crore into Indian equities—their largest single-day purchase since March 27.

In contrast, domestic institutional investors (DIIs) took the opportunity to book profits, offloading equities worth ₹534 crore.

FIIs Outbuy DIIs Despite Being 2024 Net Sellers

During Thursday’s session, FIIs bought shares worth ₹24,089 crore while selling stocks valued at ₹15,838 crore. Meanwhile, DIIs purchased ₹13,452 crore worth of shares and sold ₹13,986 crore.

Despite the recent inflows, FIIs remain net sellers in 2024 to the tune of ₹1.45 lakh crore, while DIIs have net purchased ₹1.97 lakh crore, highlighting their supportive role in keeping the markets resilient over the year.

Markets Snap 7-Day Rally on Expiry Day

The broader market sentiment took a hit as benchmark indices Nifty 50 and Sensex ended their seven-session winning streak, dragged down by a volatile expiry-day session and weak earnings from FMCG majors.

The FMCG index emerged as the worst performer, slipping over 1% after disappointing Q4 results from Hindustan Unilever Ltd. (HUL), Nestle India, and Tata Consumer Products.

Pharma Gains as Broader Markets Turn Cautious

In contrast, the Nifty Pharma index defied the trend, rising nearly 1%, supported by robust gains in Natco Pharma, Divi’s Laboratories, and Ajanta Pharma, with individual stocks rallying up to 12%.

Other key sectoral indices—Nifty Auto, Bank, IT, and Realty—also closed in the red, slipping between 0.4% and 1.4%.

The broader markets mirrored the cautious tone, with the Nifty Midcap 100 dipping 0.2%, and the Nifty Smallcap 100 closing marginally lower, giving up some gains after a strong rally in prior sessions.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

ED Detains Gensol Engineering Co-Promoter Puneet Jaggi Amid Financial Misconduct Probe

The Enforcement Directorate (ED) on Thursday detained Puneet Singh Jaggi, co-promoter of Gensol Engineering Ltd, from a hotel in Delhi as part of a sweeping crackdown under the Foreign Exchange Management Act (FEMA).

Simultaneously, the agency conducted search and seizure operations across Delhi, Gurugram, and Ahmedabad, following explosive allegations of financial misconduct, corporate misgovernance, and fund diversion brought to light by the Securities and Exchange Board of India (SEBI).

The investigation centers around the Jaggi brothers—Puneet Singh Jaggi and Anmol Singh Jaggi, co-promoters of Gensol. While Puneet is now in ED custody, Anmol is reportedly based in Dubai.

The ED teams also visited their upscale residences in The Camellias, DLF Gurugram, and another prime location in Ahmedabad. Meanwhile, their wives were traced to Pune, Maharashtra, as per news reports.

SEBI Alleges Diversion of Renewable Energy Loans for Personal Lavish Expenditures

The ED’s action stems from an interim SEBI order that alleges serious corporate wrongdoing by the Jaggi brothers.

According to the market regulator, loans sanctioned to Gensol Engineering by Indian Renewable Energy Development Agency (IREDA) and Power Finance Corporation (PFC)—earmarked for electric vehicle (EV) procurement and EPC (engineering, procurement, and construction) contracts—were diverted.

Instead of being used for their intended renewable energy purposes, SEBI claims the funds were channelled toward the purchase of foreign assets, personal luxury expenses, and financial support to shell companies and relatives. It was also alleged that the promoters used corporate accounts to pay off personal credit card bills, fund luxury acquisitions, and transfer money to related parties, effectively treating the publicly listed company as a personal financial vehicle.

BluSmart Mobility Halts Bookings

The fallout has already begun to affect Gensol’s affiliate, BluSmart Mobility, known for its electric cab services in Delhi-NCR, Mumbai, and Bengaluru.

The company has suspended new bookings in the wake of the SEBI revelations. Meanwhile, the regulatory body has barred both Puneet and Anmol Jaggi from accessing the securities market until further notice.

Sources say the ED is preparing to file a money laundering case against the Jaggi brothers once the Delhi Police’s Economic Offences Wing (EOW) registers a formal FIR based on complaints lodged by IREDA and PFC.

Investigators are also examining the possible role of Ajay Aggarwal, associated with Go Auto Pvt Ltd, a known distributor of Tata electric vehicles. Aggarwal is suspected of facilitating fund diversion in collaboration with the Gensol promoters.

Stock Performance 

On April 24, 2025, Gensol Engineering share price ended 4.96% lower at ₹95.80.Gensol Engineering share price reached a 52-week high of ₹1,125.75 and a 52-week low of ₹95.80. As per BSE, the total traded volume for the stock stood at 0.17 lakh shares with a turnover of ₹15.81 lakhs.

According to exchange data, Gensol Engineering shares are trading at a price-to-earnings (P/E) ratio of 2.86x, based on its trailing 12-month earnings per share (EPS) of ₹33.46, and a price-to-book (P/B) ratio of 0.57.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Haryana Hikes DA, DR by 2% for Government Employees and Pensioners, Effective January 2025

In a welcome move for government employees and pensioners, the Haryana government has announced a 2% increase in Dearness Allowance (DA) and Dearness Relief (DR), raising the rate from 53% to 55% of the basic pay.

The hike will be applicable from January 1, 2025, and reflected in April 2025 salaries and pensions.

Arrears for the period January to March 2025 will be disbursed in May 2025, according to an official statement released on Wednesday.

Haryana Joins Other States in DA/DR Hike

Haryana’s move follows similar DA/DR hikes by other states such as Gujarat, Uttar Pradesh, Rajasthan, Sikkim, Jharkhand, and Maharashtra, which also announced 2% or more increases recently.

These adjustments are part of a wider effort to offset inflationary pressures on government staff and pensioners.

Green Light for Re-Appointing Retired Staff

In another key decision made during the Cabinet meeting on March 25, 2025, the Haryana government approved the re-appointment of retired government employees, if necessary, to maintain seamless departmental functioning. The final decision-making authority on such appointments will lie with the Chief Minister.

Understanding DA and DR

Dearness Allowance (DA) is a vital component of compensation for government employees in India, designed to mitigate the impact of inflation. It is paid as a percentage of basic pay and typically revised twice a year—in January and July—based on the Consumer Price Index (CPI).

For pensioners, this component is referred to as Dearness Relief (DR). Both central and state governments follow this system to maintain the purchasing power of their staff amid fluctuating living costs.

Conclusion 

The Haryana government has announced a 2% hike in Dearness Allowance (DA) for employees and Dearness Relief (DR) for pensioners, raising it from 53% to 55%, effective January 1, 2025.

The revised amount will reflect in April salaries, with arrears for January–March paid in May. The state also approved re-appointing retired staff for departmental efficiency. DA/DR offsets inflation and is revised biannually based on the Consumer Price Index.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions. 

PM Kisan Scheme: 20th Installment Expected in May-June, Check Beneficiary Status Online & More

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana, India’s flagship income support scheme for farmers, is set to release its 20th instalment by May or June 2025. Launched in February 2019, the scheme reflects the government’s continued commitment to bolstering the agricultural sector and ensuring the welfare of small and marginal farmers.

Under PM-KISAN, eligible farmers receive ₹6,000 annually, disbursed in three equal instalments of ₹2,000 every four months through Direct Benefit Transfer (DBT).

Over ₹22,000 Crore Disbursed in 19th Instalment

In February 2025, the government successfully distributed the 19th instalment, benefiting over 9.8 crore farmers, including 2.41 crore women. A total of ₹22,000 crore was transferred directly to beneficiaries’ bank accounts under DBT. With the 20th instalment due soon, anticipation is growing among the farming community.

To ensure timely updates, the government advises farmers to keep their contact information updated on the PM-KISAN official portal.

Eligibility and Application Status Check For PM Kisan Yojna 

All landholding farmer families—defined as a husband, wife, and minor children—who own cultivable land are eligible, according to state or UT land records. However, certain higher-income groups are excluded.

To receive the benefit, farmers must have valid land records and a linked bank account. To check the status of the 20th instalment:

  1. Visit the official website
  2. Navigate to the “Farmers Corner”
  3. Click on “Know your Status”
  4. Enter your Aadhaar number, mobile number, account number, or application ID
  5. Click “Get Data” to view your payment status

PM-KISAN: Scheme Overview

  • Yojana Name: Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
  • Objective: Financial aid to eligible farmers across India
  • Eligible Farmers: Around 9.8 crore
  • Per Instalment Amount: ₹2,000
  • Next Instalment (20th): Expected in May/June 2025
  • Category: Sarkari Yojana
  • Official Website: PM Kisan Yogna

Conclusion 

The PM-KISAN Yojana, India’s key income support scheme for farmers, is set to release its 20th instalment by May or June 2025. Under this scheme, ₹6,000 is given annually in three instalments.

In February 2025, over ₹22,000 crore was disbursed to 9.8 crore farmers in the 19th instalment. Farmers must ensure updated records to receive payments and can check the status on the PM Kisan official website.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.  

  

Lupin Share Gains 1% on US Launch of gTolvaptan With $200 Million FY26 Potential

Shares of Lupin Ltd. gained around 1% on Thursday, April 24, following the announcement of a major product launch in the US market. The pharmaceutical company is set to launch gTolvaptan, the generic version of Otsuka’s Jynarque, as the latter’s exclusivity ends.

Lupin will enjoy a 180-day sole generic exclusivity, which could potentially extend further, positioning it as the only generic player for the majority of FY26. This development presents a significant revenue opportunity, estimated between $150–200 million, with gTolvaptan expected to contribute over 25% to Lupin’s FY26 earnings.

The launch is also expected to partially offset losses from gMirabegron, a product affected by recent legal developments. Lupin had previously secured tentative approval from the US FDA for Tolvaptan tablets in October 2023.

Brokerage firm Axis Capital has revised Lupin’s FY26 EBITDA and PAT estimates upward by 8% and 10%, respectively, citing the earnings potential from this high-value launch.

Patent Blow for Lupin and Zydus in gMirabegron Case

In contrast to the gTolvaptan milestone, Lupin, along with Zydus Lifesciences, suffered a legal defeat in the US concerning gMirabegron, the generic equivalent of Astellas Pharma’s Myrbetriq—a treatment for overactive bladder.

A US Federal Court ruled in favor of Astellas, upholding the validity of Patent 780, which covers Myrbetriq. The verdict followed a bench trial and is considered a major setback for the Indian drugmakers. Astellas had previously sued both Lupin and Zydus for patent infringement.

The ruling now prevents Lupin and Zydus from selling their generic versions in the US market, and analysts warn of possible financial penalties and mandatory withdrawal of existing stock.

This mixed outcome underscores the dual nature of Lupin’s US business outlook—buoyed by exclusivity on one front, while constrained legally on another.

Stock Performance 

On April 24, Lupin share price traded 0.69% higher at ₹2,103.20 at 2:17 PM (IST). Lupin share price reached a 52-week high of ₹2,403.45, and a 52-week low of ₹1,493.75. At the current price, Lupin shares are trading at a price-to-earnings (P/E) ratio of 31.32x, based on its trailing 12-month earnings per share (EPS) of ₹67.15, and a price-to-book (P/B) ratio of 4.37, according to exchange data. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

 

Eicher Motors Braces for Global Competition as Import Duty Cut on High-End Bikes Looms

India’s premium motorcycle segment may witness a major disruption as the government is reportedly considering reducing import duties on high-end motorcycles—specifically those with engine capacities of 705cc and above—to zero.

According to a Bloomberg report, this potential policy shift could reshape the competitive landscape in the segment currently dominated by homegrown manufacturer Royal Enfield.

Royal Enfield’s Stronghold Faces Global Challenge

Royal Enfield, a unit of Eicher Motors, holds a dominant position in India’s premium motorcycle market with a 6.9% overall share. In the 125cc+ segment, its market share is nearly 30%—about 1,000 basis points higher than its closest competitor.

The company’s appeal stems from the affordability, fuel efficiency, and urban-friendly handling of its bikes, which are especially suited for Indian road conditions.

However, a zero-duty regime could enable the re-entry of global brands like Harley-Davidson, which exited the Indian market in 2020 due to high import tariffs and limited volumes.

Harley’s larger 750cc+ motorcycles are designed for long-distance riding, offering better highway stability, quicker acceleration, and stronger engine performance—features that align closely with Royal Enfield’s value proposition.

Harley-Davidson Eyes Comeback Through Hero Partnership

Despite exiting the market, Harley-Davidson maintained a foothold in India through its strategic partnership with Hero MotoCorp.

The duo launched the X440, a locally manufactured bike from Harley’s stable, produced at Hero’s Neemrana plant in Rajasthan. If import duties are cut, Harley could revive its premium lineup in India with more competitive pricing and a stronger product-market fit.

Stock Movement 

Eicher Motors’ shares were trading 0.76% lower at ₹5,698.85 on Thursday, April 24, 2025, hovering near its 52-week high of ₹5,906. The company currently holds a market capitalisation exceeding ₹1.56 lakh crore.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

360 ONE WAM Q4 Net Rises 3.6% to ₹250 Crore, Announces ₹6 Interim Dividend for FY26

India’s premier wealth and alternative asset management firm, 360 ONE WAM Ltd, reported a 3.6% year-on-year (YoY) increase in net profit for the fourth quarter of FY25, with profit after tax standing at ₹250 crore. The growth was supported by steady expansion in recurring revenue assets and a strong client base.

Total revenue for the quarter ended March 2025 rose 5.7% YoY to ₹658 crore, reflecting continued traction across both wealth and asset management segments. The board declared its first interim dividend of ₹6 per share for FY26, rewarding shareholders amid the company’s steady financial performance.

Strong Asset Base and Focus on Recurring Income

As of March 31, 2025, 360 ONE WAM’s total assets under management (AUM) reached ₹5.81 lakh crore. The Annual Recurring Revenue (ARR) AUM rose significantly by 23.2% YoY to ₹2.47 lakh crore, underscoring the firm’s strategic pivot towards stable and long-term income sources.

For the full financial year FY25, net profit surged 26.6% YoY to ₹1,015 crore, while total revenue climbed 35% YoY to ₹2,652 crore.

Strategic Tie-Up with UBS and Expansion Moves

In a major strategic development during the quarter, 360 ONE WAM announced an exclusive collaboration with global financial services giant UBS AG. The partnership aims to enhance wealth management offerings for high-net-worth individuals (HNIs) in India and international markets.

As part of the agreement, 360 ONE WAM will acquire UBS’s India onshore wealth management business. In return, UBS will take a 4.95% equity stake in 360 ONE WAM through convertible warrants. This move is expected to significantly boost 360 ONE’s global presence and capabilities, particularly in serving ultra and high-net-worth clients.

In line with its expansion strategy, the company also completed the integration of ET Money during the quarter and is advancing toward regulatory approval for the acquisition of B&K Securities.

Stock Performance

On Wednesday, April 23, 2025, shares of 360 ONE WAM closed at ₹1,057, marking a 4.3% gain for the day.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tamilnad Mercantile Bank Reports 15.3% YoY Rise in Q4 FY25 Net Profit to ₹291.9 Crore

Tamilnad Mercantile Bank Ltd (TMB), a leading private sector lender with a stronghold in southern India, reported a 15.3% year-on-year (YoY) increase in net profit for the quarter ended March 2025.

Q4FY25 Performance

The bank’s net profit rose to ₹291.9 crore, up from ₹253.1 crore in the corresponding quarter last year.

Net interest income (NII), which reflects the bank’s core earnings, increased marginally by 0.2% year over year, reaching ₹567.9 crore compared to ₹567 crore in the same period last year.

Despite stable loan growth, the bank’s margins remained largely flat, weighed down by a persistently high interest rate environment.

Improvement in Asset Quality

TMB showed a sequential improvement in its asset quality. The bank’s gross non-performing assets (GNPA) ratio declined to 1.25% in Q4 FY25 from 1.32% in the previous quarter.

Meanwhile, the net NPA ratio improved to 0.35%, down from 0.41% on a quarter-on-quarter (QoQ) basis. These improvements reflect better loan recoveries and prudent underwriting standards.

Focus on Digital Expansion and Capital Strengthening

Primarily serving retail and MSME clients, Tamilnad Mercantile Bank has been actively pushing for digital transformation and expanding its customer base.

The bank is also taking measures to strengthen its capital adequacy and enhance operational efficiency across its branch network.

Stock Performance 

On April 23, 2025, shares of Tamilnad Mercantile Bank closed at ₹441.55 on the Bombay Stock Exchange (BSE), down by ₹6.45 or 1.44%, despite the strong earnings performance.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.