India Movers: Abbott India, Cummins India, Exicom Tele-Systems, GE Vernova, Gujarat Gas, Info Edge, Symphony, Welspun

Arun Goswami
28 Feb, 2025
Mumbai

Cummins India Ltd. dropped 2.5% to ₹2,744.40 despite diesel and natural gas engine makers reporting a slight increase in net income and a 22% jump in revenue in the December quarter.

Consolidated revenue increased to ₹3,207.5 crore from ₹2,640.8 crore, after-tax profit rose to ₹558.5 crore from ₹498.9 crore, and diluted earnings per share jumped to ₹20.15 from ₹18 a year ago.

The company's board declared a third interim dividend for the financial year 2025 of ₹18 per share.

Exicom Tele-Systems Ltd. decreased 3.4% to ₹154.90 after the electric vehicle charging solution provider swung to a loss in the December quarter.

Consolidated revenue declined to ₹202.9 crore from ₹265.3 crore, after-tax losses swung to ₹49 crore from a profit of ₹9 crore, and diluted losses per share swung to ₹4.05 from a profit of 98 paisa a year ago.

Welspun Corp Ltd. fell 2.7% to ₹736.10 despite the steel and plastic pipes maker reporting a two-fold increase in net income in the December quarter.

Consolidated revenue decreased to ₹3,656.6 crore from ₹4,758.2 crore, after-tax profit rose to ₹672.2 crore from ₹293.7 crore, and diluted earnings per share jumped to ₹26.60 from ₹11.13 a year ago.

The company's board declared a third interim dividend for the financial year 2025 of ₹5 per share.

Gujarat Gas Ltd. plunged 0.9% to ₹376.75 despite the gas distribution company reporting a slight increase in revenue and net income in the December quarter.

Consolidated revenue advanced to ₹4,391 crore from ₹4,107.3 crore, net income increased to ₹221.6 crore from ₹220.3 crore, and diluted earnings per share rose to ₹3.22 from ₹3.20 a year ago.

Info Edge Ltd. declined 5% to ₹7,016.65 despite the company reporting a two-and-a-half-fold increase in earnings in the December quarter. 

Consolidated revenue decreased to ₹9,094.8 crore from ₹9,194.5 crore, after-tax profit rose to ₹2,884.2 crore from ₹1,194.5 crore, and diluted earnings per share jumped to ₹22.18 from ₹11.26 a year ago.

The company's board declared a third interim dividend for the financial year 2025 of ₹12 per share.

Abbott India Ltd. dropped 2% to ₹2,935 after the company reported a 13% increase in revenue in the December quarter.

Consolidated revenue advanced to ₹1,686 crore from ₹1,492.8 crore, net income increased to ₹360.8 crore from ₹311 crore, and diluted earnings per share rose to ₹169.78 from ₹146.89 a year ago.

GE Vernova Ltd. fell 2.9% to ₹1,336.30 despite the energy company reporting a three-fold increase in earnings in the December quarter. 

Consolidated revenue increased to ₹1,099.4 crore from ₹834.7 crore, after-tax profit jumped to ₹142.6 crore from ₹49.3 crore, and diluted earnings per share rose to ₹5.57 from ₹1.93 a year ago.

Symphony Ltd. decreased 2% to ₹1,085.35 after the home appliances company swung to a loss in the December quarter.

Consolidated revenue advanced to ₹249 crore from ₹262 crore, after-tax losses swung to ₹10 crore from a profit of ₹41 crore, and diluted losses per share swung to ₹1.37 from a profit of ₹8.11 a year ago.