Shares of Titagarh Rail Systems advanced nearly 3 percent in Monday's trade following the company’s strong March quarter earnings, even as Puravankara and Spandana Sphoorty Financial came under pressure after posting losses for the same period.
Titagarh Rail Systems reported a 13.2 percent quarter-on-quarter (QoQ) rise in standalone net profit to Rs 78.06 crore in Q4FY25, compared to Rs 68.94 crore in the December quarter. Revenue from operations rose 11.2 percent sequentially to Rs 1,002.75 crore from Rs 902.18 crore.
Following the earnings announcement, the stock bounced back after three straight sessions of losses and touched an intraday high of Rs 914.75 on the NSE, up 2.6 percent.
In contrast, shares of realty firm Puravankara fell sharply after the company reported a widening of net loss to Rs 88 crore in the March quarter, alongside a decline in revenue. The stock dropped as much as 8.15 percent to Rs 243.75 on the NSE at around 2:30 PM.
Spandana Sphoorty Financial also saw selling pressure, with its shares declining 6.34 percent to Rs 271.85 on the BSE. The company posted a net loss of Rs 434.3 crore for the quarter ended March 31, 2025.
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