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.

Delta Corp Q4 Profit Surges 127% YoY to ₹164.6 Crore Despite Dip in Revenue

Delta Corp Limited, a leading player in the gaming and hospitality sector, reported a sharp 127.4% year-on-year (YoY) increase in consolidated net profit for the fourth quarter ended March 31, 2025. 

The company’s net profit stood at ₹164.6 crore for the quarter, compared to ₹72.4 crore in the same period of the previous fiscal year, according to a regulatory filing made on Tuesday, April 22.

Revenue Slips Slightly; Operating Margins Narrow

Despite the strong jump in profitability, the company’s revenue from operations registered a slight decline. Revenue stood at ₹182.6 crore for Q4 FY25, down 1.2% from ₹185.5 crore in the corresponding quarter of the previous year.

At the operating level, Delta Corp’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) came in at ₹42.5 crore for the quarter, marking a 12% drop from ₹48.3 crore reported in the same period last fiscal. The EBITDA margin also declined to 23.7%, compared to 26.1% a year ago.

Dividend Announcement

In line with its performance, the Board of Directors has recommended a final dividend of 125%, translating to ₹1.25 per equity share. The dividend will be paid to shareholders within 30 days from the date of its approval at the company’s upcoming Annual General Meeting (AGM).

Delta Corp continues to be a key player in the Indian gaming and hospitality market, and this strong profit growth, despite a marginal revenue dip and declining operating margins, reflects an improvement in overall financial efficiency.

Stocks Performance 

On March 21, 2025, Delta Corp share price traded 0.84% higher at ₹94.00 at 9:17 AM (IST). Delta Corp share price reached a 52-week high of ₹154.95, and a 52-week low of ₹76.73. As per BSE, the total traded volume for the stock stood at 0.35 lakh shares with a turnover of ₹33.10 lakhs.

At the current price, Delta Corp shares are trading at a price-to-earnings (P/E) ratio of 11.88x, based on its trailing 12-month earnings per share (EPS) of ₹7.94, and a price-to-book (P/B) ratio of 1 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.

Havells India Q4 Profit Jumps 16% YoY on Strong Cables, Lloyd Performance

Havells India, a leading home appliances and electrical equipment company based in Noida, reported a 16% year-on-year (YoY) increase in consolidated net profit for the fourth quarter of FY 2024-25. The profit rose to ₹518 crore, compared to ₹446 crore in the same period a year earlier.

The company’s revenue for the quarter grew by 20% YoY to ₹6,543 crore, up from ₹5,442 crore in the corresponding quarter of the previous year.

Stable Margins with Improved Operating Performance

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 19.3% on a YoY basis to ₹757 crore during the quarter. However, the EBITDA margin remained flat at 11.6%, indicating consistent operational efficiency.

Strong Segment-Wise Performance

Havells saw robust performance across most of its key business segments:

  • Switchgears: 

Revenue rose to ₹692 crore from ₹651 crore in Q4 of the previous fiscal.

  • Cables: 

Revenue stood at ₹2,169 crore, up from ₹1,789 crore.

  • Lighting & Fixtures: 

This segment posted ₹441 crore in revenue, slightly higher than ₹435 crore last year.

  • Electrical Consumer Durables: 

Revenue increased to ₹997 crore from ₹910 crore.

  • Lloyd Consumer: 

Witnessed significant growth with revenue rising to ₹1,873 crore, compared to ₹1,345 crore in the year-ago quarter.

Declares Dividend of ₹6/Share

The Board of Directors has recommended a final dividend of ₹6 per equity share for 2024-25. This is in addition to the interim dividend of ₹4 per share declared earlier in the same fiscal year.

The final dividend will be paid to eligible shareholders within 30 days of the Annual General Meeting (AGM).

Stock Performance

On Tuesday, April 22, 2025, Havells India share price closed 1.38% higher at ₹1,669.90 on the stock exchange. Despite the positive quarterly performance, the stock remains down year-to-date.

 

 

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.

USD/INR: Rupee Rallies for Fourth Straight Session, Gains 19 Paise Against US Dollar

The Indian Rupee continued its upward momentum on April 17, 2025, strengthening for the fourth consecutive session. It opened 19 paise (0.22%) higher at ₹85.49 against the US Dollar, compared to the previous close of ₹85.68.

Over the past four trading days, the rupee has appreciated by nearly ₹1.2, significantly reducing its monthly decline to just 0.06%.

Dollar Weakness Supports Rupee, Global Currencies

The US Dollar Index fell sharply by 0.66% to 99.55—its lowest level since April 2022—providing a boost to emerging market currencies, including the Indian Rupee. The dip came amid heightened trade tensions between the US and China, as Washington imposed fresh tariffs of up to 245% in retaliation to Beijing’s latest countermeasures.

The Trump administration also initiated a probe into potential tariffs on critical minerals and called on China to begin dialogue to de-escalate the situation. The weakening dollar helped the rupee trade stronger, as global risk sentiment shifted in favour of emerging markets.

Foreign Institutional Inflows Boost Rupee Momentum

FIIs ended a nine-day selling streak on April 15 by investing ₹6,065.78 crore in Indian equities—the third-largest single-day purchase this year.

The trend continued on April 16 with an additional ₹3,936.4 crore in equity investments. This robust inflow of foreign capital has played a key role in reinforcing the rupee’s appreciation over the past week.

Oil Prices Stable

On the commodities front, crude oil prices rose for a second straight day amid U.S. actions to disrupt Iranian oil supply chains.

Brent crude increased by 1.17% to $66.62 per barrel, while WTI crude climbed 1.44% to $63.37. Moderating oil prices have helped keep inflation in check, further supporting the rupee.

Conclusion

The rupee’s rally reflects a favourable alignment of domestic strength, capital inflows, and global market trends. While geopolitical and economic risks persist, India’s strong macroeconomic fundamentals and its positioning as a preferred investment destination could continue to provide near-term support for the local currency.

 

 

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.

Shares That Hit Circuit Limits On April 17, 2025, Emcure Pharmaceuticals, Gensol Engineering, and More

On April 17, 2025, BSE Sensex closed 1.96% higher at 78,553.21, while Nifty50 jumped 1.77% to 23,851.65. Amidst the market volatility, stocks like Gensol Engineering, Sky Gold and Diamonds, Emcure Pharmaceuticals, and Kesoram Industries hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuit today.

Stocks That Hit Upper Circuit on April 17, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
IGIL 353.3 4.99 5 33.73 117.76
WEBELSOLAR 1,383.90 -0.62 5 6.77 96.43
SKYGOLD 351 5 5 22.25 77.75
EMCURE 1,102.90 9.38 10 5.29 56.89
PANACEABIO 522.95 5 5 8.17 42.66

Stocks That Hit Lower Circuit on April 17, 2025

Symbol LTP %chng Price Band % Volume(Lakhs) Value(₹ Crores)
CELLECOR 52.85 -6.04 20 152.94 75.71
TEMBO 427.45 -5 5 0.87 3.72
KESORAMIND 3.15 -5.12 5 54.35 1.71
GENSOL 116.54 -5 5 1.14 1.33
PARAGON 69.6 -4.98 5 1.22 0.85

Overview of Companies Hitting Circuits Today

  • Emcure Pharmaceuticals

On April 17, 2025, Emcure Pharmaceuticals share price ended 9.38% higher at ₹1,102.90. Emcure Pharmaceuticals share price reached a 52-week high of ₹1,577.50, and a 52-week low of ₹890.00.

  • Tembo Global Industries

On April 17, Tembo Global Industries share price ended 5% lower at ₹427.45. Tembo Global Industries share price reached a 52-week high of ₹905.00, and a 52-week low of ₹191.35. At the current price, Tembo Global Industries shares are trading at a price-to-earnings (P/E) ratio of 12.18x, based on its trailing 12-month earnings per share (EPS) of ₹18.19, and a price-to-book (P/B) ratio of 7.82, according to exchange data.

  • Gensol Engineering

On April 17, Gensol Engineering share price ended 5% lower at ₹116.45. Gensol Engineering share price reached a 52-week high of ₹1,125.75, and a 52-week low of ₹116.45. At the current price, Gensol Engineering shares are trading at a price-to-earnings (P/E) ratio of 3.47x, based on its trailing 12-month earnings per share (EPS) of ₹33.85, and a price-to-book (P/B) ratio of 0.69, according to exchange data.

  • Panacea Biotec

On April 17, Panacea Biotec share price ended 5% higher at ₹522.95. Panacea Biotec share price reached a 52-week high of ₹522.95, and a 52-week low of ₹112.70. At the current price, Panacea Biotec shares are trading at a price-to-earnings (P/E) ratio of -757.90x, based on its trailing 12-month earnings per share (EPS) of ₹-0.69, and a price-to-book (P/B) ratio of 10.12, 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 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.

Alembic Pharma Gets USFDA Nod for Generic Carbamazepine Tablets

Alembic Pharmaceuticals has received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Carbamazepine Tablets USP, 200 mg, marking another significant addition to its growing generics portfolio.

Therapeutic Equivalent to Tegretol

The approved tablets are therapeutically equivalent to Tegretol Tablets, 200 mg, manufactured by Novartis Pharmaceuticals Corporation.

Carbamazepine is primarily prescribed as an anticonvulsant and is also used to manage pain associated with true trigeminal neuralgia, a chronic pain condition affecting the trigeminal nerve in the face.

U.S. Market Size and Potential

According to IQVIA data for the twelve months ending December 2024, the estimated market size for Carbamazepine Tablets, 200 mg, in the U.S. was approximately $32 million. With this approval, Alembic Pharmaceuticals is poised to tap into this niche market segment, further expanding its footprint in the U.S. generics space.

Strengthening Global Generics Portfolio

The latest approval brings Alembic’s total ANDA approvals from the USFDA to 222, which includes 196 final approvals and 26 tentative approvals. This milestone reinforces the company’s R&D-focused approach and its capabilities in bringing high-quality, affordable medicines to global markets.

Stock Performance

On April 03, 2025, Alembic Pharmaceuticals share price traded 0.09% lower at ₹850.90 at 11:57 AM (IST). Alembic Pharmaceuticals’ share price reached a 52-week high of ₹1,296.15 and a 52-week low of ₹725.60. As per BSE, the total traded volume for the stock stood at 3335 shares with a turnover of ₹28.47 lakhs.

According to exchange data, Alembic Pharmaceuticals shares are trading at a price-to-earnings (P/E) ratio of 26.57x, based on its trailing 12-month earnings per share (EPS) of ₹32.03, and a price-to-book (P/B) ratio of 3.32.

About the Company

Founded in 1907, Alembic Pharmaceuticals has evolved into a vertically integrated pharmaceutical company with a strong global presence.

Its manufacturing and R&D facilities are approved by several leading global regulatory authorities, including the USFDA, underlining its commitment to international quality standards.

 

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.

Avoid Tax Notices: Know the Legal Cash Receipt Limit Per Day

The Income Tax Department has intensified its scrutiny on large cash transactions, with taxpayers now facing the possibility of receiving notices for even minor lapses. Under Section 269ST of the Income Tax Act, receiving cash over ₹2 lakh is strictly prohibited in certain scenarios, and any violation could lead to hefty penalties.

When the ₹2 Lakh Cash Limit Applies

As per Section 269ST, individuals or entities are not permitted to receive ₹2 lakh or more in cash in the following cases:

  • From a single person in a single day
  • For a single transaction, even if received in parts
  • For transactions related to a single occasion or event

This rule applies regardless of whether the payment is made in one go or split across multiple transactions. However, withdrawals from banks or post offices are exempt from this limit. Additionally, certain government-authorised entities (apart from banks) are not covered under this rule.

Relevant Sections Governing Cash Transactions

Several provisions in the Income Tax Act deal with various types of cash dealings:

  • Sections 40A(3) and 43: Govern excessive cash payments
  • Sections 269SS and 269ST: Address cash receipts above the prescribed limits
  • Section 269T: Pertains to cash repayments of loans or deposits

The tax department keeps track of such transactions using financial intelligence data, and if someone is found to have accepted ₹5 lakh in cash in a day, for example, they may be subject to a significant penalty.

Taxpayer Advisory: Use Digital Channels

Experts advise taxpayers to avoid large cash dealings and opt for banking channels such as NEFT, RTGS, or UPI. Doing so ensures financial transparency and reduces the risk of receiving tax department notices or incurring fines.

In a time when the government is actively promoting digital payments, increased vigilance around cash transactions is expected. Staying informed about these legal boundaries is key to maintaining compliance and financial safety.

Conclusion 

The Income Tax Department has tightened rules around high-value cash transactions, with penalties applicable for receiving over ₹2 lakh in cash under Section 269ST. This limit applies across single transactions, daily totals, or related events.

Taxpayers are advised to use digital payment methods like NEFT or UPI to maintain compliance, avoid scrutiny, and ensure financial transparency in line with current regulations.

 

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.

India Set for 6.5% Growth in 2025, Retains Top Spot Among Major Economies: UN Report

India is projected to remain the world’s fastest-growing major economy in 2025 with a growth rate of 6.5%, even as the global economy faces mounting recessionary pressures, according to the latest report released by the United Nations Conference on Trade and Development (UNCTAD) on Wednesday.

Domestic Momentum Continues 

UNCTAD attributes India’s steady performance to continued robust public spending and ongoing monetary easing.

The report highlights that the Reserve Bank of India’s decision to cut interest rates by 25 basis points in February 2025—its first rate cut in five years—will support household consumption and encourage private investment activity, providing a further boost to the economy.

While slightly lower than the 6.9% growth recorded in 2024, India’s 2025 forecast reinforces its position as the fastest-growing major economy globally.

Regional Outlook: South Asia to Grow at 5.6%

The report forecasts a 5.6% growth rate for the South Asian region in 2025, supported by easing inflation, which allows for monetary policy loosening across several countries in the region.

However, the report also flags persistent risks, including food price volatility and complex debt dynamics affecting nations such as Bangladesh, Pakistan, and Sri Lanka.

Global Economy Faces Recessionary Headwinds

The global economic outlook, in contrast, remains bleak. UNCTAD warns that the world economy is heading towards a recessionary path, driven by escalating trade tensions, policy shocks, and persistent uncertainty.

The report notes that trade policy uncertainty is at a historical high, leading to delayed investments and reduced hiring worldwide.

Rising tariffs and protectionist measures are disrupting supply chains and eroding predictability, significantly impacting global trade flows.

Developing Countries Under Pressure

Developing and low-income countries face what UNCTAD describes as a “perfect storm” of challenges: worsening external financial conditions, unsustainable debt levels, and weakening domestic growth.

These pressures pose a real threat to economic stability, investment flows, and long-term development goals, especially for the most vulnerable economies.

Hope in South-South Trade and Cooperation

Despite these global headwinds, UNCTAD highlights the growth of South-South trade—trade among developing nations—as a key source of economic resilience.

Already accounting for about one-third of global trade, this form of economic integration presents significant opportunities for sustainable development across the Global South.

The report concludes by emphasising the need for stronger regional and global policy coordination, urging countries to strengthen existing economic ties and commit to dialogue and cooperative policymaking. “Coordinated action will be essential to restore confidence and keep development on track,” it stated.

 

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.

Sonata Software Plunges 12% on Q4 Revenue Warning from Key International Client

Shares of Sonata Software Ltd. tumbled as much as 12% in early trading on Thursday, April 17, after the company issued a revenue warning for its international business in the March 2025 quarter. The stock dropped to ₹293.9, sharply lower from Wednesday’s close of ₹335.4, amid investor concerns over weak guidance.

Revenue Hit from Largest Client

In a stock exchange filing made on Wednesday, Sonata Software revealed that revenues from its international business are likely to be lower than previously estimated. The decline is primarily attributed to underperformance from its largest client, whose contribution was expected to be stronger.

The company had previously flagged this risk in its December quarter earnings call, where MD & CEO Samir Dhir had pointed out that although growth had been robust in the first half of the year, cost containment measures by the client led to ramp-downs starting mid-November to early December.

“We had a ramp-down mid-to-late November, early December, and now we will see a full quarter impact,” Dhir had said, adding that the effect may also spill over into Q1 of FY26.

Short-Term Blip, Not Structural Damage

Despite the disappointing guidance, management attempted to reassure investors that the issue is temporary. “This is not a permanent damage but a short-term blip we are facing right now,” Dhir had noted during the February earnings call.

CFO CN Jagannathan had projected a 2.5%–3.5% decline in Q4 revenues for the international IT services business, including a seasonal impact on the overall company performance.

Stock Performance

Sonata Software’s international business contributed 25% to the company’s topline in the December quarter, according to its investor presentation. The revenue warning has compounded the pressure on the stock, which is now down 56% from its 52-week high of ₹763.7.

Even after a modest 0.6% gain on Wednesday, the stock has now declined 5.5% over the past month and 45% year-to-date in 2025, despite some recovery from its 52-week low.

 

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.

Swaraj Engines Shares Gain as Q4 Net Profit Jumps; Declares ₹104.50 Dividend

Shares of Swaraj Engines Ltd., a Mahindra & Mahindra-owned tractor engine manufacturer, gained as much as 1.64% on Thursday, April 17, following the release of its March quarter results on Wednesday, April 16, 2025.

Q4 FY25 Earnings Snapshot

The company reported a 29% year-on-year (YoY) increase in net profit, which rose to ₹45 crore from ₹35 crore in the same quarter last year. Revenue from operations also saw a robust 29.4% YoY growth, reaching ₹454 crore, up from ₹351 crore in the base quarter.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 29% YoY to ₹62 crore, although the EBITDA margin slightly narrowed to 13.6%, compared to 13.7% in the year-ago period.

Generous Dividend Proposed

The Board of Directors has recommended an equity dividend of ₹104.50 per share for the financial year ending March 31, 2025. This dividend proposal adds to the positive sentiment surrounding the company’s financial performance.

Ownership and Market Position

Swaraj Engines is majority-owned by Mahindra & Mahindra, which holds a 52.1% stake in the company, according to the latest shareholding pattern. The firm plays a key role in the agricultural equipment space, supplying engines primarily for tractors under the Swaraj brand.

Conclusion 

Swaraj Engines’ strong Q4 performance, marked by solid profit and revenue growth, reflects its resilience and relevance in India’s farm equipment sector. The generous dividend announcement further strengthens investor confidence.

Backed by Mahindra & Mahindra and driven by consistent demand in the agriculture space, the company is well-positioned for sustained growth in the coming quarters.

 

 

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.