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Divi's Laboratories announced a robust financial performance for the March quarter of FY25, with a 25.6% YoY surge in standalone net profit, reaching Rs 667 crore. Revenue from operations also climbed by 12.26% to Rs 2,536 crore. The company's board declared a dividend of Rs 30 per share and its Unit III greenfield project has commenced commercial operations.
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News and Media
In March, China reduced its US Treasury holdings, allowing the UK to become the second-largest overseas owner. Total foreign holdings increased to a record $9.05 trillion, despite Trump's trade war rhetoric. While Japan increased its holdings, China's move was seen as a strategy to shorten portfolio maturity rather than abandoning the dollar.
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News and Media
The Indian cement sector demonstrates resilience with rising prices despite subdued demand, particularly in the South and East regions. Capacity expansions are expected, potentially intensifying competition. UltraTech Cement and JK Cement are recommended as buys, with positive growth outlooks driven by cost efficiencies and strategic expansions, respectively.
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News and Media
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