International business revenue increased 4% to Rs 397 crores. International formulations revenue decreased 4%. South Africa and branded generics exports grew, while US and Russia revenue declined.
CDMO business revenue grew 33% to Rs 118 crore. The fourth quarter order book is strong. API business revenue reached Rs 25 crores. Domestic and CDMO business revenue combined constitutes 70% of overall revenue for the nine months of fiscal 2025.
For a detailed look at the company's performance in the October-December period, click here.
Take a closer look at Tata Power's financial performance in the quarter ended December here.
Net profit for the company rose to Rs 62.5 crore in the three months through Dec. 31, 2024, according to its exchange filing on Tuesday. That compares with the Rs 65-crore consensus estimate of analysts tracked by Bloomberg.
Lemon Tree Hotels Q3 Estimates
Revenue at Rs 355 crore versus estimate of Rs 343 crore.
Ebitda at Rs 184 crore versus estimate of Rs 173 crore.
Margin at 51.9% versus estimate of 50.4%.
Net profit at Rs 62.5 crore versus estimate of Rs 65 crore.
Lemon Tree Hotels Co Q3 Highlights (Consolidated, YoY)
Revenue up 22.4% to Rs 355 crore versus Rs 290 crore.
Ebitda up 30.4% to Rs 184 crore versus Rs 141 crore.
Margin at 51.9% versus 48.7%.
Net profit up 76.5% to Rs 62.5 crore versus Rs 35.4 crore.
Sharda Motor Industries Q3 Highlights (Consolidated, YoY)
Revenue flat at Rs 690 crore.
Ebitda up 0.2% to Rs 95 crore versus Rs 94.3 crore.
Margin flat at 13.7%.
Net profit down 0.7% to Rs 75.4 crore versus Rs 76 crore.
The company has two pumped storage hydro plant projects totalling 2800 MW capacity currently under construction. The 1000 MW Bhivpuri project is expected to be completed by August 2028, while the other Shriwata project will be completed by the end of 2020.
The company also noted that construction at the Rs 6,900 crore Khorlochhu hydropower plant has traded, with the expected commissioning date in September 2029.
Hindustan Oil Exploration Co Q3 Highlights (Consolidated, QoQ)
Revenue up 56.1% to Rs 156 crore versus Rs 100 crore.
Ebitda at Rs 83.6 crore versus Rs 36.9 crore.
Margin at 53.6% versus 36.9%.
Net profit at Rs 43.3 crore versus Rs 10.8 crore.
The board has declared an interim dividend of Rs 3 per each equity share of Rs 5 held by stakeholders, with Feb. 14 fixed as the record date for ascertaining their eligibility.
Kirloskar Ferrous Industries Q3 Highlights (Consolidated, YoY)
Revenue up 3.8% to Rs 1,608 crore versus Rs 1,548 crore.
Ebitda down 25.1% at Rs 174 crore versus Rs 232 crore.
Margin at 10.8% versus 15%.
Net profit down 48.4% to Rs 54.3 crore versus Rs 105 crore.
Net profit for the company rose to Rs 23.90 crore in the three months through Dec. 31, 2024, according to its exchange filing on Tuesday. That missed with the Rs 94-crore consensus estimate of analysts tracked by Bloomberg.
Azad Engineering Q3 Estimates
Revenue at Rs 120.40 crore versus estimate of Rs 456 crore.
Ebitda at Rs 42.70 crore versus estimate of Rs 155 crore.
Margin at 35.5% versus estimate of 34%.
Net profit at Rs 23.90 crore versus estimate of Rs 94 crore.
BASF India Q3 Highlights (Consolidated, YoY)
Revenue up 13% to Rs 3,715 crore versus Rs 3,284 crore.
Ebitda down 25.7% at Rs 127 crore versus Rs 171 crore.
Margin at 3.4% versus 5.2%.
Net profit down 26.1% to Rs 104 crore versus Rs 140 crore.
Azad Engineering Q3 Highlights (Consolidated, YoY)
Revenue up 35% to Rs 120.40 crore versus Rs 89.20 crore.
Ebitda up 31% at Rs 42.70 crore versus Rs 32.70 crore.
Margin at 35.5% versus 36.7%.
Net profit up 42% to Rs 23.90 crore versus Rs 16.80 crore.
Tata Power's rooftop business saw 15% revenue growth to Rs 509 crore in revenue in the December quarter. The company has installed 2.5 GW of rooftop solar and targets 30 lakh installations by 2030. The segment's order book is 21% higher on a sequential basis at Rs 827 crore.
Apollo Micro Systems Q3 Highlights (Consolidated, YoY)
Revenue up 62.5% to Rs 148 crore versus Rs 91.3 crore.
Ebitda up 58.1% at Rs 37.9 crore versus Rs 24 crore.
Margin at 25.6% versus 26.3%.
Net profit up 83.5% to Rs 18.3 crore versus Rs 10 crore.
Max Financial Services Q3 Highlights (Consolidated, YoY)
Total income down 27.7% to Rs 8,927.35 crore versus Rs 12,359.19 crore.
Net profit down 62.2% to Rs 56.04 crore versus Rs 148.56 crore.
Net profit for the company slipped to Rs 82.7 crore in the three months through Dec. 31, 2024, according to its exchange filing on Tuesday. That missed with the Rs 103-crore consensus estimate of analysts tracked by Bloomberg.
Fine Organic Industries Q3 Estimates
Revenue at Rs 513 crore versus estimate of Rs 561 crore.
Ebitda at Rs 99 crore versus estimate of Rs 130 crore.
Margin at 19.3% versus estimate of 23.20%.
Net profit at Rs 82.7 crore versus estimate of Rs 103 crore.
Tilaknagar Industries Q3 Highlights (Consolidated, YoY)
Revenue up 1% to Rs 340 crore versus Rs 377 crore.
Ebitda up 17.4% at Rs 60.3 crore versus Rs 51.4 crore.
Margin at 17.7% versus 13.6%.
Net profit up 23.2% to Rs 53.9 crore versus Rs 43.8 crore.
Fine Organic Industries Q3 Highlights (Consolidated, YoY)
Revenue up 5.1% to Rs 513 crore versus Rs 488 crore.
Ebitda down 16.3% at Rs 99 crore versus Rs 118 crore.
Margin at 19.3% versus 24.2%.
Net profit down 12.2% to Rs 82.7 crore versus Rs 94.2 crore.
Revenue at Rs 963 crore versus estimate of Rs 975 crore.
Ebitda at Rs 255 crore versus estimate of Rs 252 crore.
Margin at 26.4% versus estimate of 25.80%.
Net profit at Rs 163 crore versus estimate of Rs 159 crore.
JB Chemicals & Pharmaceuticals Q3 Highlights (Consolidated, YoY)
Revenue up 14.1% to Rs 963 crore versus Rs 845 crore.
Ebitda up 14.1% at Rs 255 crore versus Rs 223 crore.
Margin flat at 26.4%.
Net profit up 21.7% to Rs 163 crore versus Rs 134 crore.
The board of directors approved a composite scheme of arrangement involving Kashipur Holdings, Ennature Bio Pharma and IGL Spirits.
Stress in urban areas to continue going forward, while rural continues to recover, said the management. The company expects some softening in raw material, while Ebitda margins maintain guidance at 18-20%.
Shuffling of market shares amongst large players may have taken place but not to a significant extent, they added.
New latex paints' market share is 7-9% of total share, and there is a lot of potential in this area. Grasim has scaled up in terms of touch points but has not seen any impact in terms of value proposition, they further stated.
Source: Earnings Con Call
Dhanlaxmi Bank Q3 Highlights (YoY)
NII up 13% to Rs 128 crore versus Rs 114 crore.
Net NPA at at 0.86% versus 1.12% (QoQ).
Gross NPA at 3.53% versus 3.82% (QoQ).
Net profit at Rs 19.9 crore versus Rs 3.1 crore.
India Glycols Q3 Highlights (Consolidated, YoY)
Revenue up 14.4% to Rs 975.20 crore versus Rs 904.22 crore.
Ebitda up 21% at Rs 123.66 crore versus Rs 102.26 crore.
Margin at 12.7% versus 11.3%.
Net profit up 36% to Rs 56.81 crore versus Rs 41.63 crore.
Torrent Power Q3 Highlights (Consolidated, YoY)
Revenue at Rs 6,499.38 crore versus estimate of Rs 6,298 crore.
Ebitda at Rs 1,111.63 crore versus estimate of Rs 1,163 crore.
Margin at 17.1% versus estimate of 18.50%.
Net profit at Rs 475.66 crore versus estimate of Rs 415 crore.
The company continues its retail expansion, and now have 1.69 lakh retail outlets. Middle East business has grown at 24%, while Asian Paints PPG has seen growth after three years. Price hikes of 1.2% stay, with the hangover to be carried forward in Q4.
Source: Earnings Con Call
The company's volume growth stood at 1.6%, while value growth was negative at 1.7%. They maintained digit volume growth in decorative business guidance, and saw weak festive demand and slow down in urban centres.
Source: Earnings Con Call
PC Jeweller Q3 Highlights (Consolidated, YoY)
Revenue up multifold to Rs 639.45 crore versus Rs 40.06 crore.
Ebitda at Rs 112.14 crore versus an Ebitda loss of Rs 73.06 crore.
Margin at 17.5%.
Net profit at Rs 147.96 crore versus a loss of Rs 197.98 crore.
Metropolis Health Q3 Highlights (Consolidated, YoY)
Revenue up 10.9% to Rs 322.77 crore versus Rs 291.12 crore.
Ebitda up 11% to Rs 72.01 crore versus Rs 64.85 crore.
Margin flat at 22.3%.
Net profit up 15% to Rs 31.36 crore versus Rs 27.16 crore.
Torrent Power Q3 Highlights (Consolidated, YoY)
Revenue up 2.1% to Rs 6,499.38 crore versus Rs 6,366.09 crore.
Ebitda up 6.5% to Rs 1,111.63 crore versus Rs 1,044.01 crore.
Margin at 17.1% versus 16.4%.
Net profit up 32% to Rs 475.66 crore versus Rs 359.83 crore.
Approves interim dividend of Rs 14 per share.
Niva Bupa Health Insurance Company Q3 Highlights
Net profit up to Rs 13.24 crore versus Rs 4.58 crore (YoY).
Solvency ratio at 3.03% versus 2.25% (QoQ).
Gross NPA at 0.86% versus 1.05% (QoQ).
Net premium income up to Rs 1,136 crore versus Rs 950 crore (YoY).
Re-appoints Krishnan Ramachandran as MD & CEO, effective May 1.
Birla Corporation Q3 Highlights (Consolidated, YoY)
Revenue down 2.3% to Rs 2,256.65 crore versus Rs 2,310.44 crore.
Ebitda down 34% to Rs 247.94 crore versus Rs 378.50 crore.
Ebitda margin at 11% versus 16.4%.
Net profit down 71% to Rs 31.90 crore versus Rs 109.14 crore.
Titan Q3 Results: Profit Meets Estimates, Revenue Rises 25.2%
Segment-Wise Revenue Growth (YoY)
Watches & Wearables: Up 15% to Rs 1,137 crore.
Jewellery: Up 27% to Rs 16,134 crore.
Eye care: Up 17% to Rs 196 crore.
Titan Q3 Business Highlights (YoY)
Jewellery: Total income grew 26% to Rs 14,697 crore.
Watches & Wearables: Revenue up 15% to Rs 1,128 crore.
Eye care: Total income grew 16% to Rs 194 crore.
Emerging Business: Revenue up 5% to Rs 118 crore.
International Jewellery: Revenue surged 64% to Rs 569 crore.
CaratLane: Total income rose 27% to Rs 1,117 crore.
Titan Q3 Results: Profit Meets Estimates, Revenue Rises 25.2%
Titan Q3 Highlights (Consolidated, YoY)
Revenue up 25.2% to Rs 17,740 crore versus Rs 14,164 crore.
Ebitda up 7% to Rs 1,674 crore versus Rs 1,565 crore.
Margin at 9.4% versus 11%.
Net profit down 1% to Rs 1,047 crore versus Rs 1,053 crore.
Whirlpool Of India Q3 Highlights (YoY)
Revenue up 11% to Rs 1,705 crore versus Rs 1,536 crore.
Ebitda up 51.3% to Rs 69.2 crore versus Rs 62.7 crore.
Ebitda margin flat at 4.1%.
Net profit up 57.1% to Rs 44 crore versus Rs 28 crore.
The company's utility scale EPC order book stood at Rs 13,556 crore versus Rs 15,264 crore last quarter. Q3 revenue stood at Rs 1,079 crore with a revenue reversal of Rs 629 crore due to change in accounting methodology.
Gandhar Oil Refinery Q3 Highlights (YoY, Consolidated)
Revenue down 8.8% to Rs 1,005 crore versus Rs 1,103 crore.
Ebitda down 51.3% to Rs 41.4 crore versus Rs 85.1 crore.
Ebitda margin at 4.1% versus 7.7%.
Net profit down 59.2% to Rs 19.3 crore versus Rs 47.3 crore.
Global Health Q3 Highlights (YoY, Consolidated)
Revenue up 12.8% to Rs 943.40 crore versus Rs 836.40 crore.
Ebitda up 10% to Rs 237.70 crore versus Rs 215.80 crore.
Ebitda margin at 25.2% versus 25.8%.
Net profit up 16% to Rs 142.90 crore versus Rs 123.60 crore.
Take a closer look at the financial performance of the company for the quarter ended December here.
Margins have been aided by modest uptick in total revenues, and an increase in stock in trade. The bottom line was helped by 35% lower taxes.
Tata Power Q3 Highlights (YoY, Consolidated)
Revenue up 5.05% to Rs 15,391 crore versus Rs 14,651 crore (Estimate: Rs 16,692 crore).
Ebitda up 38.68% to Rs 3,352.54 crore versus Rs 2,417.42 crore (Estimate: Rs 3,079 crore).
Ebitda Margin up 528 basis points at 21.78% versus 16.5% (Estimate: 18.4%).
Net Profit up 8.15% to Rs 1,030.7 crore versus Rs 953.01 crore (Estimate: Rs 971 crore).
Coffee has seen super inflation, and prices are up 75% year-on-year. We need to find ways of mitigating it, as it is very difficult for any company to survive with such levels of inflation, he added.
Source: Annual Analysts and Institutional Investors Meet
There has been a considerable shift in digital spends, and with 1.1 billion mobile phone users, 25 million grocery shoppers, and 86% socially influenced, it makes sense to fish where the fish are, said the CMD.
Since 2020, there has been 126% increase in the total digital media spend, and in 2024, 51% media spend was on digital. This number is only going to accelerate moving ahead, he added.
More number of households, more number of packs and more outlets contribute to our arithmetic of purchase frequency and growing market shares, he stated.
Source: Annual Analysts and Institutional Investors Meet
NSE Q3 Highlights (QoQ, Consolidated)
Revenue down 4% to Rs 4,349 crore versus Rs 4,510 crore.
Operating Ebitda up 2% to Rs 3,398 crore versus Rs 3,344 crore.
Margin at 78% versus 74%.
Net profit up 22% to Rs 3,834 crore versus Rs 3,137 crore.
Packaged food is the first food of choice when you upgrade from loose or unbranded items, said CMD Narayanan, adding that this is where the company sees great opportunity.
While evolving consumer trends continue, the premiumisation trend is universal, he added.
There are challenges in terms of inflation, urban slowdown and consequences of geopolitics, he further mentioned.
Source: Annual Analysts and Institutional Investors Meet
Hikal Q3 Highlights (YoY, Consolidated)
Revenue flat at Rs 448 crore.
Ebitda up 11.4% to Rs 72.1 crore versus Rs 64.7 crore.
Ebitda Margin at 16.1% versus 14.5%.
Net Profit up 6.8% to Rs 17.2 crore versus Rs 16.1 crore.
Thermax Q3 Highlights (YoY, Consolidated)
Revenue up 7.9% to Rs 2,508 crore versus Rs 2,324 crore.
Ebitda up 0.8% to Rs 189 crore versus Rs 187 crore.
Ebitda Margin at 7.5% versus 8.1%.
Net Profit down 51.4% to Rs 116 crore versus Rs 238 crore.
RattanIndia Enterprises Q3 Highlights (YoY, Consolidated)
Revenue up 2.2% to Rs 1,922 crore versus Rs 1,880 crore.
Ebitda Loss of Rs 164.8 crore versus Profit of Rs 250 crore.
Net loss of Rs 170 crore versus Profit of Rs 188 crore.
Infibeam Avenues Q3 Highlights (QoQ, Consolidated)
Revenue up 5.3% to Rs 1,070 crore versus Rs 1,017 crore.
EBIT down 3.3% to Rs 59.2 crore versus Rs 61.2 crore.
EBIT margin at 5.5% versus 6%.
Net profit up 41.8% to Rs 62.4 crore versus Rs 44 crore.
Ceigall India Q3 Highlights (YoY, Consolidated)
Revenue up 19.5% to Rs 831 crore versus Rs 695 crore.
Ebitda down 11.5% to Rs 123.4 crore versus Rs 140 crore.
Ebitda margin at 14.9% versus 20.1%.
Net profit down 7.6% to Rs 73.2 crore versus Rs 79.2 crore.
Automotive Axles Q3 Highlights (YoY, Consolidated)
Revenue down 2% to Rs 531 crore versus Rs 541 crore.
Ebitda down 0.5% to Rs 57.4 crore versus Rs 57.7 crore.
Ebitda margin at 10.8% versus 10.7%.
Net profit up 1.1% to Rs 39.6 crore versus Rs 39.2 crore.
Asian Paints Q3 Results: Net Profit Falls 23%, In-Line With Estimates
V-Mart Retail Q3 Highlights (YoY, Consolidated)
Revenue up 15.5% to Rs 1,027 crore versus Rs 889 crore.
Ebitda up 43.2% to Rs 171 crore versus Rs 120 crore.
Ebitda margin at 16.7% versus 13.5%.
Net profit at Rs 71.6 crore versus Rs 28.2 crore.
Ajmera Realty & Infra India Q3 Highlights (Consolidated, YoY)
Revenue down 6.7% to Rs 192.80 crore versus Rs 206.70 crore.
Ebitda up 5% to Rs 62.50 crore versus Rs 59.40 crore.
Ebitda margin at 32.4% versus 28.7%.
Net profit up 11% to Rs 33.89 crore versus Rs 30.40 crore.
JK Infra Q3 Highlights (Consolidated, YoY)
Revenue up 22% at Rs 1,487 crore versus Rs 1,219 crore.
Ebitda up 21.8% at Rs 219 crore versus Rs 179 crore.
Ebitda margin flat at 14.7%.
Net profit up 20.7% at Rs 99.7 crore versus Rs 82.6 crore.
Bajaj Electricals Q3 Highlights (Consolidated, YoY)
Revenue up 5% at Rs 1,290 crore versus Rs 1,228 crore.
Ebitda up 51.7% at Rs 87.4 crore versus Rs 57.6 crore.
Ebitda margin at 6.8% versus 4.7%.
Net profit down 10.7% at Rs 33.4 crore versus Rs 37.4 crore.
Godrej Properties Q3 Results: Profit Surges 2.6 Times On Strong Sales
Mishra Dhatu Nigam Q3 Highlights (Consolidated, YoY)
Revenue down 5.6% at Rs 238 crore versus Rs 252 crore.
Ebitda up 46.1% at Rs 52.4 crore versus Rs 35.9 crore.
Margin at 22% versus 14.2%.
Net profit up 99.5% at Rs 25.5 crore versus Rs 12.8 crore.
One MobiKwik Q3 Highlights (Consolidated, QoQ)
Revenue down 7.3% at Rs 269 crore versus Rs 291 crore.
Ebitda loss at Rs 47.7 crore versus profit of Rs 3.8 crore.
Net loss at Rs 55.2 crore versus loss of Rs 3.5 crore.
Eris Life Sciences Q3 Highlights (Consolidated, YoY)
Revenue up 49.6% at Rs 727 crore versus Rs 486 crore.
Ebitda up 42.6% at Rs 250 crore versus Rs 176 crore.
Ebitda margin at 34.4% versus 36.1%.
Net profit down 18.6% at Rs 83.6 crore versus Rs 103 crore.
Titan Company is estimated to post a revenue of Rs 17,476 crore. Its Ebitda is expected to be Rs 1,704 crore. The margin is projected at 9.8%, while profit is expected to be Rs 1,097 crore.
Titan Company saw a 16% year-on-year growth in its Q2 revenue, rising to Rs 14,534 crore against Rs 12,529 crore in the same quarter last year. However, net profit declined by 23% YoY falling to Rs 704 crore from Rs 916 crore
Titan Q2 Highlights (Consolidated, YoY)
Revenue increased 16% to Rs 14,534 crore vs Rs 12,529 crore
Net profit fell 23% to Rs 704 crore vs Rs 916 crore
Ebitda down 12% to Rs 1,236 crore vs Rs 1,411 crore
Margin contracted 280 basis points to 8.5% vs 11.3%
The paint's manufacturer is expected to clock a revenue of Rs 8,903 crore. Its earnings before interest, taxes, depreciation and amortisation are estimated at Rs 1,628 crore. The company’s margin is expected to be 18.3%. Net profit is likely to come in at Rs 1,144 crore.
Asian Paints’ second quarter revenue dropped by 5.3% to Rs 8,028 crore, compared to Rs 8,479 crore in the same period last year. Net profit saw a sharp decline of 44% to Rs 694 crore, down from Rs 1,232 crore last year.
Asian Paints Q2 Highlights (Consolidated, YoY)
Revenue declined 5.3% to Rs 8,028 crore vs Rs 8,479 crore
Net Profit down 44% at Rs 694 crore vs Rs.1232 crore
Ebitda plunged 28% to Rs 1,240 crore vs Rs 1,716 crore
Margins at 15.4% vs 20.2%
Divi’s Laboratories: Divi's Laboratories revenue rose by 25% year-on-year to Rs 2,319 crore, up from Rs 1,855 crore in the same quarter last year. The company's net profit significantly increased by 64.5%, reaching Rs 589 crore, compared to Rs 358 crore in Q3 last year.
Premier Energies: Premier Energies increased its net profit nearly six times to Rs 255.20 crore as compared to Rs 43.20 crore in the same quarter last year. Revenue surged to Rs 1,713 crore in Q3 up from Rs 712.4 crore in the corresponding quarter of last fiscal year.
Torrent Power is likely to report a revenue of Rs 6,298 crore. Ebitda is estimated at Rs 1,163 crore. The margin is projected at 18.5%, while profit is expected to be Rs 415 crore.
Thermax, the electrical equipment manufacturer, is expected to post a revenue of Rs 2,699 crore. Its Ebitda is estimated at Rs 253 crore. The margin is likely to be 9.4%, while profit is projected at Rs 183 crore.
Hotelier Lemon Tree Ltd. is expected to post a revenue of Rs 343 crore, Ebitda of Rs 173 crore, a margin of 50.4%, and a profit of Rs 65 crore.
Household appliances retailer Whirlpool of India Ltd. is expected to clock a revenue of Rs 1,878 crore, Ebitda of Rs 90 crore, a margin of 4.8%, and a profit of Rs 52 crore.
Value retailer V-Mart Retail Ltd. is expected to post a revenue of Rs 1,028 crore, Ebitda of Rs 95 crore, a margin of 9.2%, and a profit of Rs 41 crore.
Asian Paints is expected to clock a revenue of Rs 8,903 crore. Its earnings before interest, taxes, depreciation and amortisation are estimated at Rs 1,628 crore. The company’s margin is expected to be 18.3%. Net profit is likely to come in at Rs 1,144 crore.
Titan Company is estimated to post a revenue of Rs 17,476 crore. Its Ebitda is expected to be Rs 1,704 crore. The margin is projected at 9.8%, while profit is expected to be Rs 1,097 crore.
Tata Power is expected to report a revenue of Rs 16,692 crore. The company’s Ebitda is estimated at Rs 3,079 crore. Its margin is likely to be 18.4%, and profit is expected at Rs 971 crore.
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