Q3 Results Updates: Lotus Chocolate Co Reports Sixfold Rise In Profit

Delta Corp's revenue and Ebitda fell, while net profit was up 3.6%.

Himadri Speciality Chemical profit is up 30%. (Image Source: Freepik)

As many as 14 companies are slated to release their financial statements for the quarter ending Dec. 31, 2024 on Monday, in the ongoing earnings season. The lineup includes companies from key sectors, such as IT, financial services, realty and green energy.

Q3 Result Live Updates: Lotus Chocolate Co Profit Grows Sixfold

Lotus Chocolate Co Result Highlights (Cons, YoY)

  • Revenue at Rs 194 crore versus Rs 51.90 crore.

  • Net profit at Rs 3.72 crore versus Rs 0.60 crore.

  • Ebitda at Rs 5.85 crore versus Rs 0.84 crore.

  • Margin at 4.0% versus 1.6%.

Q3 Result Live Updates: Improvement In Demand Environment Says HCLTech CEO

In 2025, clients are looking to increase investment in the IT sector, said HCLTech CEO C Vijaykumar. We see improvement in demand environment, and discretionary spending is witnessing an uptick, he stated.

Q3 Result Live Updates: HCLTech CEO Points To Strong Verticals

Technology and telecom media are among HCLTech's strong verticals, said CEO C Vijaykumar, adding that while the company does not have a particular mega deal in the quarter, there are multiple big deals.

HCLTech Q3 Result Live Updates: Freshers Galore

HCL Technologies has added more than 2,000 freshers in the third quarter, said the Chief People Officer Ramachandran Sundararajan. The company expects adding 1,000 more freshers in the current quarter, and this number is also expected to significantly improve going ahead, he stated.

Q3 Result Live Updates: Improvement Visible Across Verticals, Says HCLTech CEO

The company has witnessed continuing improvement across verticals, said CEO C Vijaykumar, adding that change in global business environment in next quarters is expected.

Q3 Result Live Updates: Angel One Approves Dividend

The board of directors of Angel One Ltd. approved an interim dividend of Rs 11 per share, as per the company's disclosure to the exchanges.

Q3 Result Live Updates: Angel One Profit Misses Street Expectations

Angel One's net profit of Rs 281 crore missed the consensus estimate of Bloomberg analysts valued at Rs 297 crore, while its total income failed to meet the estimate of Rs 1,159.5 crore as well.

Q3 Result Live Updates: Delta Corp Revenue Slips

Delta Corp Result Highlights (Cons, YoY)

  • Revenue down 7.5% to Rs 194 crore versus Rs 210 crore.

  • Net profit up 3.6% to Rs 35.7 crore versus Rs 34.5 crore.

  • Ebitda down 42.4% to Rs 32.1 crore versus Rs 55.8 crore.

  • Margin at 16.5% versus 26.6%.

Q3 Result Live Updates: Angel One Sees 8% Gains In Net Profit

Angel One Result Highlights (Cons, YoY)

  • Total income up 19.1% to Rs 1,264 crore versus Rs 1,061 crore.

  • Net profit up 8.1% to Rs 281 crore versus Rs 260 crore.

Q3 Result Live Updates: Delivered Highest Total Shareholder Returns, Says HCLTech CEO

C Vijaykumar, the chief executive officer of HCL Technologies, said in a press conference post the announcement of financial earnings, that the company's revenue has rose to $166 million from $13.8 billion, adding that they have delivered the highest total shareholder returns.

Q3 Result Live Updates: Anand Rathi Wealth Logs Uptick In Net Profit

Anand Rathi Wealth Result Highlights (Cons, YoY)

  • Net profit up 33.2% to Rs 77.3 crore versus Rs 58.04 crore.

  • Total income up 30.4% to Rs 244 crore versus Rs 187 crore.

Q3 Result Live Updates: Himadri Speciality Sees Surge In Profit

Himadri Speciality Chemical Result Highlights (Cons, YoY)

  • Revenue up 8.4% to Rs 1,141 crore versus Rs 1,053 crore.

  • Net profit up 30% to Rs 141.2 crore versus Rs 109 crore.

  • Ebitda up 27% to Rs 221 crore versus Rs 174 crore.

  • Margin at 19.4% versus 16.5%.

Q3 Result Live Updates: Anand Rathi Approves Bonus Shares Ahead Of Earnings

The board of directors of the company approved issue of bonus shares in the ratio of 1:1, to be credited on or before Mar. 11, 2025, as per an exchange filing.

HCLTech Q3 Result Live Updates: Delve Deeper Into The  Highlights 

Take a look at the key financial highlights from HCL Technologies' earnings for the quarter ended December.

Q3 Result Live Updates: HCLTech Announces Special And Interim Dividends

HCL Technologies announced on Monday its fourth interim dividend of Rs 18 per equity share of Rs 2 each of the company. It also announced a special dividend of Rs 6 per share as the company completed 25 years of its public listing, which is included in the interim dividend.

Q3 Result Live Updates: HCLTech Reports Rise In Net Profit

HCL Technologies Result Highlights (Cons, QoQ)

  • Revenue up 3.6% to Rs 29,890 crore versus Rs 28,862 crore (Bloomberg Estimate: Rs 30,036 crore).

  • Net profit up 8.4% to Rs 4,594 crore versus Rs 4,237 crore (Bloomberg Estimate: Rs 4,614 crore).

  • Ebit up 8.6% to Rs 5,821 crore versus Rs 5,362 crore (Bloomberg Estimate: Rs 5,864 crore).

  • Margin at 19.5% versus 18.6% (Bloomberg Estimate: 19.52%).

Q3 Result Live Updates: HCLTech Shares End Lower Ahead Of Results

Shares of HCL Technologies ended 1.01% lower at Rs 1,970 apiece on the National Stock Exchange ahead of the results announcement, compared to a 1.47% decline in the benchmark Nifty. The share price has advanced 25.26% in the last 12 months.

Out of 44 analysts tracking the company, 21 have a 'buy' call, 15 'hold' and eight 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 2.4%.

Q3 Results Live: Marathon NextGen Realty Net Profit Slips Over 3%

Marathon NextGen Realty Result Highlights (Cons, YoY)

  • Revenue down 41.4% to Rs 123 crore versus Rs 210 crore.

  • Net profit down 3.4% to Rs 49.04 crore versus Rs 50.8 crore.

  • Ebitda down 52.3% to Rs 36.4 crore versus Rs 76.3 crore.

  • Margin at 29.5% versus 36.25%.

Q3 Results Live: Axis Bank To Announce Results On Jan. 16

Axis Bank will be announcing its financial results for the third quarter on Thursday, Jan. 16th.

A media call will be scheduled for 05:15 p.m. regarding the same, and will be addressed by chief executive officer and managing director Amitabh Chaudhry, deputy managing director Rajiv Anand, and chief financial officer Puneet Sharma.

Q3 Results Live: FIIs Buy $1.7 Billion Worth Indian Tech Stocks In Last Two Months

Global investors have mopped up $1.7 billion worth of Indian technology stocks in the last two months of 2024 as the tech giants gear up to post their third-quarter earnings.

Foreign institutional investors bought IT stocks worth $1 billion in December after having mopped up $653 million in the preceding month, according to the data from National Securities Depository Ltd. The inflows come after the overseas investors heavily sold tech shares at the beginning of 2024.

Among the sectoral inflows, information technology stocks witnessed the highest inflows among foreign investors in the last two months of 2024. Meanwhile, domestic oil and gas stocks saw outflows worth $5.4 billion from global funds in the last three months of 2024.

Also Read: Global Investors Buy $1.7 Billion Worth Indian Tech Stocks In Last Two Months Ahead Of Q3 Earnings

Q3 Results Live: Market To Stabilise From April-June As Earnings Outlook Improves

The current fall in India's equity markets is expected to stabilise from the June quarter onwards, with earnings outlook improving and the FPI selling abating by then, said Emkay Research in a report.

The brokerage has kept its Nifty target for 2025 unchanged at 25,000 and it expects small and midcaps to outperform.

A reversal from sharp consumption slowdown by second half is one of the factors aiding market recovery, according to Emkay. This reversal is seen given IT-led turnaround in jobs, relief from the unsecured lending squeeze— owing to improving asset quality and possible regulatory easing— and cash transfers and the shift of state government spending toward revenue expenditure.

Also Read: Indian Market To Stabilise From April-June As Earnings Outlook Improves, Says Emkay

Q3 Results Live: Puravankara Sees Marginal Sales Growth 

Puravankara Ltd. reported a 2% advance in sales for the quarter ended Dec. 31, 2024, at Rs 1,265 crore compared to Rs 1,241 crore in the previous quarter on Monday.

The real estate company's collection rose 6% to Rs 993 crore from Rs 941 crore in the same period last year, according to its third quarter business update.

Q3 Results Live: Anand Rathi Performance In Q2

Anand Rathi Wealth Ltd. posted a total revenue of Rs 249.6 crore in the September 2024 quarter with a net profit of Rs 76.3 crore.  The company's net profit for H1 of the ongoing fiscal rose 35% year-on-year to Rs 149.8 crore, up from Rs 110.9 crore in the year-ago period.

Anand Rathi Wealth announced an interim dividend of Rs 7 per equity share with a face value of Rs 5 apiece. 

Q3 Results Live: Results Declared Last Week

In the week gone by, many prominent companies announced their Q3 results starting with IT giant TCS. Here's a recap of their quarterly performance.

TCS Q3 Results: Tata Consultancy Services Ltd.'s net profit rose 4.1% sequentially to Rs 12,444 crore in the quarter ended Dec. 31, 2024. This is in line with the consensus estimate of Rs 12,537 crore shared by analysts tracked by Bloomberg. The IT major's revenue from operations declined 0.4% over the previous three months to Rs 63,973 crore in the third quarter, according to an exchange filing on Thursday.

Tata Elxsi Q3 Results: According to an exchange filing, Tata Elxsi Ltd.'s consolidated net profit fell 13% sequentially in the third quarter of the current financial year, missing analysts' estimates. The design and technology provider posted a profit of Rs 199 crore in the quarter ended December.

Ireda Q3 Results: Indian Renewable Energy Development Agency Ltd. posted a net profit of Rs 425 crore in the quarter ended Dec. 31, 2024, an increase of 26.7% year-on-year. In the same quarter of the previous fiscal, Ireda had posted a net profit of Rs 336 crore. The non-banking financial institution's revenue rose 35.6% to Rs 1,699 crore during the October–December period, compared to Rs 295 crore in the year-ago period.

DMart Q3 Results: Avenue Supermarts Ltd.'s third-quarter profit rose marginally, beating consensus estimates. The consolidated net profit of the Radhakishan Damani-led company rose 4% over the same period last year to Rs 723.5 crore in the three months to December, according to its stock exchange filing. That compares with the Rs 691 crore consensus estimate of analysts tracked by Bloomberg.

Q3 Results Live: HCLTech Performance In Q2

HCLTech posted a revenue of Rs 28,862 crore in Q2 of the ongoing financial year surpassing Bloomberg's estimates of Rs 28,637.2 crore. Net profit, however, came lower than the Bloomberg estimate of Rs 5,111,7 crore. HCL Tech's net profit in Q2FY25 was Rs 4,237 crore.

HCL Tech Q2 Earnings Highlights (Consolidated, YoY)

  • Revenue rose 8.2% to Rs 28,862 crore versus Rs 26,672 crore.

  • Net profit up 10.54% to Rs 4,237 crore versus Rs 3,833 crore. 

  • Ebitda rose 8.67% to Rs 5,362 crore versus Rs 4,934 crore. 

  • Margin expanded marginally to 18.6% versus 18.5%. 

Q3 Results Live: Seasonal Weakness To Weigh On Tech Growth

In a seasonally weak quarter, the IT sector’s growth is expected to be weighed down by furloughs. While rupee depreciation could have provided some relief, margins are expected to remain flattish.

The aggregate revenue growth in the third quarter is expected to moderate slightly to 0.7% sequentially in constant currency terms, given usual seasonality, according to Jefferies.

DAM Capital Advisors Ltd. notes that sequential growth in constant currency terms could range between (−)0.4% and +4.3%. HCL Technologies Ltd. is likely to outperform in Tier I, while Persistent Systems Ltd. and Coforge Ltd. are expected to lead in Tier II.

Margins are expected to remain flattish in the third quarter. “Companies are likely to report mixed performance on margins. Companies with wage hikes — Wipro, LTIMindtree, and BirlaSoft should report a decline in margins. For Tier-1 companies, we expect margins to see a fluctuation of (–)140 bps to +100 bps, while we expect margins to vary by -160 bps to 60 bps QoQ for mid-caps,” Emkay Global Financial Services Ltd. said in its report. 

Sensex, Nifty Today: Stock Market Watch 12 PM

  • Indian equities continue to trade lower.

  • Intraday, both Nifty and Sensex declined over 0.70%.

  • Nifty down 0.88% or 205.50 points at 23,225.

  • Sensex 0.77% or 605.28 points lower at 76,769.

  • Broader indices also decline. Nifty Midcap down 2.56%; Nifty Smallcap 2.52% lower.

  • Most sectoral indices decline, led by Nifty Realty.

  • Nifty Bank down 0.90%, Nifty IT down 0.59%.

  • IndusInd Bank, Axis Bank and TCS top Nifty gainers.

  • Trent, Adani Enterprises, Apollo Hospital and Grasim top Nifty losers.

Q3 Results Live: HCLTech Q3 Result Date And Time

HCLTech, in a stock exchange filing on Jan. 8, informed the bourses that it will declare its Q3 results on Monday, Jan. 13.

"The company will announce the third quarter fiscal 2025 Results, ended Dec. 31, 2024, on Monday, January 13, 2025, post-closing of Indian stock markets," the company said.

The company's senior management will hold an audio conference call at 7:30 p.m. discussing the results followed by a detailed question-answer session.

"A replay of the conference call will be available one hour after the conclusion of the conference call till January 20, 2025," the company wrote.

HCLTech Q3 Live: Share Price Trades Lower Ahead Of Q3 Result

HCLTech Ltd. share price traded lower in early trade on Monday, ahead of the release of its third quarter financial results.

The company is likely to clock a net profit of Rs 4,614 crore and a revenue of Rs 4,614 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.

On the operating side, the estimate for earnings before income and tax or Ebit is Rs 5,864 crore. The margin is projected at 19.52%.

This comes after the Shiv Nadar-founded company reported a sequential revenue increase of 2.9% for the quarter ended September 2024. The company’s revenue totalled Rs 28,862 crore, aligning with analysts' estimates of Rs 28,637.2 crore.

HCLTech share price fell as much as 0.76% at Rs 1,980 per share. The stock was trading 0.1% lower at Rs 1,993 apiece as of 9:42 a.m., compared to a 0.8% decline in the NSE Nifty 50.

The stock has risen 47.57% in 12 months, and 28.2% year-to-date. Total traded volume so far in the day stood at 2.6 times its 30-day average. The relative strength index was at 62.

Out of 43 analysts tracking the company, 21 maintain a 'buy' rating, 15 recommend a 'hold' and eight suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target of Rs 1,941 implies a downside of 2.8%.

Q3 Results Live: Earnings Estimates Of Big Names

HCLTech is likely to clock a net profit of Rs 4,614 crore and a revenue of Rs 4,614 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg.

On the operating side, the estimate for earnings before income and tax or Ebit is Rs 5,864 crore. The margin is projected at 19.52%.

This comes after the Shiv Nadar-founded company reported a sequential revenue increase of 2.9% for the quarter ended September 2024. The company’s revenue totalled Rs 28,862 crore, aligning with analysts' estimates of Rs 28,637.2 crore.

The management will also provide guidance for the coming period that will be closely tracked. The press conference will be held in the evening, after the release of the financial statement on the stock exchanges.

Angel One is likely to report a net profit of Rs 297 crore and revenue of Rs 1,159.5 crore for the third quarter, according to the estimates.

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Q3 Results Live: HCLTech, Angel One To Report Earnings Today

As many as 14 companies are slated to release their financial statements for the quarter ending Dec. 31, 2024 on Monday, in the ongoing earnings season.

The lineup includes companies from key sectors, such as IT, financial services, realty and green energy.

Financial services companies Anand Rathi Wealth Ltd. and Angel One Ltd. are among the key companies set to release their Q3 earnings on Monday. Delta Corp. and IT major HCL Technologies Ltd. are also slated to release their earnings report.

HCLTech is likely to clock a net profit of Rs 4,614 crore and a revenue of Rs 4,614 crore for the quarter ended Dec. 31, 2024, as per the consensus estimates of analysts tracked by Bloomberg.

On the operating side, the estimate for earnings before income and tax or Ebit is Rs 5,864 crore. The margin is projected at 19.52%.

Also Read: Q3 Results Today: HCL Tech, Delta Corp, Angel One, Anand Rathi Wealth To Declare Earnings

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WRITTEN BY
Sai Aravindh
Sai Aravindh is a desk writer at NDTV Profit, where he covers business and ... more
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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