India Movers: Punjab & Sind Bank, Nelco, Oriental Hotels, CEAT, Mahindra EPC, Authum Investment, Bank of Maharashtra, Mastek

Arun Goswami
02 Apr, 2025
Mumbai

Punjab & Sind Bank fell 6.1% to ₹32.69 despite the financial service provider reporting a two-and-a-half-fold increase in earnings in the December quarter. 

Consolidated revenue advanced to ₹3,269.4 crore from ₹2,852.7 crore, net income jumped to ₹282 crore from ₹114.3 crore, and diluted earnings per share rose to 42 paise from 17 paise a year ago.

Nelco Ltd. declined 0.4% to ₹889.75 after the satellite communication services provider reported a 19% decline in profit in the December quarter.

Consolidated revenue declined to ₹82.2 crore from ₹84.1 crore, after-tax profit decreased to ₹5 crore from ₹6.2 crore, and diluted earnings per share fell to ₹2.17 from ₹2.69 a year ago.

Oriental Hotels Limited edged higher 0.3% to ₹146.95 after the hotels and resorts services provider reported a slight increase in revenue and a 15% decline in profit in the December quarter.

Consolidated revenue advanced to ₹122.1 crore from ₹106.1 crore, net income fell to ₹14 crore from ₹16.4 crore, and diluted earnings per share declined to 78 paise from 92 paise a year ago.

CEAT Ltd. inched higher 1.2% to ₹2,908 despite the tire maker reporting a 46% plunge in quarterly profit from a year ago.

Consolidated revenue advanced to ₹3,303.3 crore from ₹2,966.1 crore, after-tax profit decreased to ₹97 crore from ₹181 crore, and diluted earnings per share dropped to ₹24.01 from ₹44.87 a year ago.

Mahindra EPC Irrigation Limited decreased 2% to ₹117.55 despite the micro-irrigation and water management service provider reporting a four-fold increase in earnings in the December quarter.

Consolidated revenue advanced to ₹81 crore from ₹80.34 crore, net income jumped to ₹6.4 crore from ₹1.7 crore, and diluted earnings per share rose to ₹2.27 from 60 paise a year ago.

Authum Investment & Infrastructure Limited dropped 5% to ₹267.25 after the non-banking finance company reported a slight increase in revenue and a 10% decline in profit in the December quarter.

Consolidated revenue advanced to ₹618.6 crore from ₹491.4 crore, after-tax profit decreased to ₹545.2 crore from ₹603.3 crore, and diluted earnings per share fell to ₹32.10 from ₹35.52 a year ago.

Bank of Maharashtra declined 1% to ₹45.79 despite the financial service provider reporting a 31% rise in its earnings in the latest quarter.

Consolidated revenue advanced to ₹7,112.7 crore from ₹5,851.5 crore, net income jumped to ₹1,406.7 crore from ₹1,069.7 crore, and diluted earnings per share rose to ₹1.84 from ₹1.47 a year ago.

Mastek Ltd. fell 0.5% to ₹2,110.95 despite the tech services company reporting a 23% increase in net income in the December quarter.

Consolidated revenue increased to ₹879 crore from ₹787.6 crore, after-tax profit advanced to ₹94.7 crore from ₹77.7 crore, and diluted earnings per share rose to ₹30.35 from ₹24.29 a year ago.

The company's board declared an interim dividend of ₹7 per share.