✈️ IndiGo, NTPC Green Deliver Big
Your daily dose of business news
🗞️ IndiGo posts record Q4 profit on travel boom
IndiGo reported its highest-ever Q4 net profit at ₹1,894 crore, more than doubling from ₹919 crore a year ago. This jump was driven by strong air travel demand and higher passenger load factors.
💬 Expert Take: “IndiGo’s performance reflects a strong rebound in domestic travel and effective capacity utilization,” said Satyendra Kumar, Aviation Analyst at Centrum Broking.
🗞️ NTPC Green net profit jumps 188% in Q4
NTPC Green Energy posted a Q4 net profit of ₹233 crore, up 188% YoY, aided by increased renewable energy generation. The stock gained over 5% as investors responded positively to its clean energy trajectory.
💬 Expert Take: “This result confirms NTPC’s renewable push is paying off. Their green capacity is a long-term value creator,” said Rohit Bhatia, Energy Sector Strategist at IIFL Securities.
🗞️ Acme Solar stock climbs after strong Q4
Acme Solar shares rose nearly 3% after strong quarterly earnings. Brokerages cited better execution and stable EBITDA margins as key positives.
🗞️ Govt allocates UAE gold import quota
India has granted a 180-tonne gold import quota from the UAE under CEPA. The move is expected to enhance legal gold flows and reduce unofficial imports, especially ahead of festive season demand.
🗞️ RBI may slow liquidity after ₹100B injection
Following a ₹100 billion liquidity infusion, economists anticipate that RBI may reduce future injections. A large surplus transfer is expected, which could support fiscal needs without over-easing.
🗞️ Mankind Pharma net profit drops 10%
Mankind Pharma saw Q4 net profit fall to ₹477 crore, impacted by one-off costs and higher input prices. Despite the drop, the company reaffirmed long-term growth goals in OTC and branded generics.
🗞️ IREDA files ₹729 crore case against Gensol
IREDA has moved the Debt Recovery Tribunal against Gensol Engineering and its arm over a ₹729 crore loan default, marking its second major legal action on the matter.
🗞️ Pakistan seeks $49B after IMF deal
Pakistan is now seeking $49 billion in additional loans from various international lenders after securing an IMF bailout, raising concerns over debt dependence and macroeconomic instability.
📊 Market Updates
📈 Sensex: 81,745.25 ▲ +0.16%
📈 Nifty 50: 24,745.80 ▲ +0.09%
💵 USD/INR: ₹85.63 ▲ +0.12%
🛢️ Brent Crude: $82.95 ▼ -0.21%
🪙 Bitcoin: $63,390 ▲ +0.45%
🪙 Gold (MCX): ₹94,110 per 10g ▲ +₹180