|

BHEL and Reliance Power report earnings growth in Q3 FY25

By

Bharat Heavy Electricals Limited (BHEL) posted a net profit of Rs 1.35 billion for the quarter ending December 2024, marking a 125 per cent increase from Rs 0.60 billion in the same quarter last year.  The company’s total income rose by 31.87 per cent to Rs 73.85 billion, compared to Rs 56 billion in the corresponding period of the previous year. Reliance Power Limited reported a net profit of Rs 0.42 billion for the quarter,…

|

Polycab India records 12% growth in wires and cables business in Q3 FY25

By

Polycab India Ltd reported a 12% YoY growth in its wires and cables segment for Q3 FY25. While cable demand remained strong, copper price declines and high channel inventory led to a slowdown in the wires business.  The international segment saw a remarkable 62% YoY growth, contributing 8.3% to total revenue. EBIT margins rose by 120 basis points QoQ to 13.5%, driven by normalised wires margins and the international business’ strong performance. The EPC business…