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Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors.
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Indian markets extended losses for the sixth straight weeklongest since April 2020as US tariff hikes, weak earnings, and persistent FII outflows weighed on investor sentiment. Exporters, especially in textiles and seafood, were hit hardest amid trade tensions.
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PG Electroplast shares fell 23% after Q1 net profit dropped 20% YoY and 54% QoQ to 67 crore. Despite 14% YoY revenue growth, early monsoon hit seasonal AC sales. Management stays optimistic on long-term outlook.
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