SBI posted a 24% year-on-year (YoY) jump in standalone net profit at Rs 21,028 crore for Q3FY26, marking the highest-ever quarterly profit for the bank. The strong earnings were supported by sustained loan growth and stable margins.Net interest income (NII), a key indicator of core lending performance, rose 9% YoY to Rs 45,190 crore, while operating profit (before provisions and contingencies) surged 40% YoY to Rs 32,862 crore, reflecting improved operating leverage.The bank’s Asset quality continued to sh ...

Core Insights - Birkenstock reported fiscal year 2025 revenue of €2.09 billion ($2.44 billion), exceeding guidance with a 16% year-on-year increase and an 18% rise on a constant currency basis, surpassing the 15-17% growth outlook [1] - Net profit surged 82% to €348.3 million, with earnings per share (EPS) increasing to €1.87 from €1.02 a year earlier [1] - Adjusted net profit grew 44% to €345.6 million, and adjusted EPS rose 45% to €1.85 [1] Financial Performance - Gross profit margin improved by 30 basis points to 59.1%, driven by pricing actions and better manufacturing absorption, despite currency movements and US tariffs [2] - Adjusted EBITDA rose 20% to €666.9 million, with an adjusted EBITDA margin of 31.8%, at the high end of guidance [2] - Operating cash flow totaled €384 million, lower year-on-year due to tax payment timing and working capital movements [3] Regional Growth - The company experienced double-digit revenue growth across all regions: 15% in the Americas, 14% in Europe, Middle East, and Africa, and 31% in Asia-Pacific [3] - B2B revenue increased by 20% on a reported basis, while direct-to-consumer revenue grew by 11% [3] - Closed-toe footwear's share of annual revenue rose to 38%, outperforming sandals [3] Future Outlook - For FY26, Birkenstock forecasts constant currency revenue growth of 13-15%, translating to reported revenue of €2.30 billion to €2.35 billion [4] - Adjusted EBITDA is expected to be at least €700 million, with an adjusted EBITDA margin of 30.0-30.5% [5] - The company plans capital expenditure of €110-130 million and intends to repurchase shares for a total consideration of $200 million, subject to market conditions [5] Management Commentary - CEO Oliver Reichert expressed pride in the strong fiscal 2025 results, highlighting the 18% constant currency revenue growth and the adjusted EBITDA margin at the high end of guidance [6]

Core Viewpoint - *ST Modern (002656) expects a net profit attributable to shareholders of the listed company to be between -32.64 million yuan and -16.32 million yuan for the period from January 1, 2025, to June 30, 2025, representing a year-on-year increase of 47.29% to 73.64% from -61.92 million yuan [1] Financial Performance - The net profit after deducting non-recurring gains and losses is expected to be between -50.08 million yuan and -25.04 million yuan, showing a year-on-year growth of 18.46% to 59.23% from -61.42 million yuan [1] - The basic earnings per share are projected to be between -0.0458 yuan and -0.0229 yuan [1] - Expected operating revenue is estimated to be between 201 million yuan and 261 million yuan, compared to 112 million yuan in the same period last year [1] Factors Influencing Performance - The performance changes are primarily attributed to the disposal of investment properties, the addition of new subsidiaries, and the provision for credit impairment losses [1]