India, Feb. 25 -- Q3 earnings season has thrown up an interesting trend: headline profits that look strong on the surface but are heavily supported by other income and exceptional gains rather than core operations. Companies like Bajaj Holdings, Fino Payments Bank, 63 Moons Technologies, and MMTC reported significant contributions from non-operating sources, in some cases even exceeding revenue from operations. While such income can temporarily boost profitability, the sharp reliance on non-core streams raises questions about the durability and quality of earnings going ahead.

63 Moons Technologies Ltd 63 Moons Technologies Limited is a financial technology firm focused on building next-generation digital market infrastructure, platforms...