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Mankind Pharma on Thursday said its consolidated net profit declined 16.5 per cent to Rs 384 crore in the third quarter ended December 31, 2024. The company had reported a net profit of Rs 460 crore for the October-December period of last fiscal.

Small market corrections tend to have a lesser impact on retail investors. Their smaller investment size makes them less prone to panic selling during market fluctuations, compared to high-net-worth individuals (HNIs) who may react more strongly due to the larger sums at stake.

MakeMyTrip posted a Q3 FY25 profit of $27M, up from $24M last year, with revenues rising 26.2% to $267.4M. Strong growth in gross bookings, international outbound, and operating profit drove performance.

Indian markets closed in the green for the second consecutive session, with Sensex rising 115.39 points and Nifty gaining 50 points. Analysts predict a bearish trend below 23,400.

UltraTech Cement Q3 Results: Revenue from operations rose by a marginal 3% YoY to Rs 17,193 crore. Despite the profit decline, it exceeded the Street estimate of Rs 1,195 crore, while revenues also surpassed expectations of Rs 16,854 crore. UltraTech reported 73% capacity utilization for the quarter, with domestic sales volume up 10% YoY. Energy costs dropped 13% YoY due to lower fuel prices.

A rise in Domestic Institutional Investor (DII) shareholding often reflects increased confidence among local institutions in the market or specific companies, indicating expectations of positive performance and stable economic conditions.

Spandana Sphoorty Financial posted a ₹440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by ₹626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.

Hindustan Petroleum Corporation (HPCL) reported a substantial year-on-year net profit growth of 257% for the December quarter, reaching Rs 2,544 crore. HPCL attributed this growth to robust physical performance, operational efficiencies, and improved margins.

Rupee depreciation impacts Indian corporates differently. TCS and Infosys benefit from dollar revenues, while Airtel and ANI Technologies face challenges due to dollar-denominated debt. Oil & Gas companies have mixed exposure.