India Stock Movers: Tech Mahindra, SBI Life Insurance, Sterlite Tech, Seshasayee Paper, Aether, Ponni Sugars, Ramkrishna, Supreme Petrochem

Arun Goswami
01 Apr, 2025
Mumbai

Tech Mahindra Ltd. fell 1% to ₹1,403.20 despite the technology consulting and digital solutions provider reporting an 89% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹13,302.1 crore from ₹13,188.8 crore, net income jumped to ₹988.8 crore from ₹523.7 crore, and diluted earnings per share rose to ₹11.08 from ₹5.76 a year ago.

SBI Life Insurance Company Ltd. gained 0.7% to ₹1,558.65 after the insurance company reported a 52% decline in revenue and a 71% increase in net income in the December quarter.

Consolidated revenue declined to ₹18,542.2 crore from ₹38,803.4 crore, after-tax profit increased to ₹550.8 crore from ₹321.8 crore, and diluted earnings per share rose to ₹5.50 from ₹3.21 a year ago.

Sterlite Technologies Ltd. edged higher 5.5% to ₹85.40 after the optical cable provider said net loss shrank in the December quarter.

Consolidated revenue declined to ₹1,266 crore from ₹1,341 crore, net loss fell to ₹24 crore from ₹59 crore, and diluted losses per share dropped to 48 paisa from ₹1.43 a year ago.

Seshasayee Paper and Boards Limited inched higher 2.4% to ₹266.45 despite the paper manufacturing company reporting a 76% decline in profit in the December quarter.

Consolidated revenue declined to ₹451.9 crore from ₹484.8 crore, after-tax profit dropped to ₹16.6 crore from ₹69 crore, and diluted earnings per share fell to ₹2.76 from ₹11.45 a year ago.

Aether Industries Limited advanced 0.3% to ₹833.05 after the chemical company reported a two-and-a-half-fold increase in earnings in the December quarter.

Consolidated revenue advanced to ₹233.3 crore from ₹166.6 crore, net income jumped to ₹43.4 crore from ₹17.4 crore, and diluted earnings per share rose to ₹3.27 from ₹1.32 a year ago.

Ponni Sugars (Erode) Ltd. rose 3% to ₹312.35 despite the sugar processing company reporting an 80% plunge in quarterly profit from a year ago.

Consolidated revenue declined to ₹116.7 crore from ₹126.5 crore, after-tax profit dropped to ₹2.41 crore from ₹11.7 crore, and diluted earnings per share fell to ₹2.80 from ₹13.55 a year ago.

Ramkrishna Forgings Limited declined 0.05% to ₹772.10 despite the metal forming industry reporting a 30% increase in net income in the December quarter.

Consolidated revenue advanced to ₹1,077.4 crore from ₹997.1 crore, net income increased to ₹99.6 crore from ₹84.6 crore, and diluted earnings per share rose to ₹5.51 from ₹5.02 a year ago.

Supreme Petrochem Ltd decreased 0.2% to ₹626 despite the petrochemical company reporting a slight increase in revenue and net income in the December quarter.

Consolidated revenue increased to ₹1,422.7 crore from ₹1,203.3 crore, after-tax profit advanced to ₹71.3 crore from ₹67.7 crore, and diluted earnings per share rose to ₹3.79 from ₹3.60 a year ago.