Q3 Result Updates: CEAT Profit Zooms 60%, Havells Declared Dividend, LTIMindtree Profit Slumped

The earnings live blog has ended for today.

Bansal Wire Q3 Results (Cons YoY)

• Net Profit up 3.8% at Rs 43.3 crore versus Rs 41.7 crore
• Revenue up 11.29% at Rs 1,029 crore versus Rs 925 crore 
• Ebitda up 18% at Rs 85.1 crore versus Rs 72 crore
• Margin at 8.26% versus 7.78%

Oberoi Realty has announced that it will pay an interim dividend of Rs 2 per share

Oberoi Realty Q3 Results (Cons YoY)

• Profit up 0.7% at Rs 623 crore versus Rs 618 crore 
• Revenue up 5.8% at Rs1,493 crore versus Rs 1,411 crore 
• Ebitda up 0.1% at Rs 857 crore versus Rs 856 crore 
• Margin at 57.4% versus 60.7% 

CEAT Q3 Results (Cons YoY)

• Profit up 60.4% At Rs 156 crore versus Rs 97 crore 
• Revenue up 26% at Rs 4,157 crore versus Rs 3,300 crore 
• Ebitda up 65.3% at Rs 563 crore versus Rs 341 crore
• Margin at 13.6% versus 10.3%
• One-Time Loss Of Rs 58 crore Due To Labour Codes

Tata Capital Q3 Results (Cons YoY)

• Profit up 20.4% at Rs 1,265 crore versus Rs 1,050 crore
• Total Income up 12.2% at Rs 7,979 crore versus Rs 7,111 crore

Havells Q3 Results (Cons, YoY)

• Net Profit up 8.1% at Rs 301 crore versus Rs 278 crore
• Revenue up 14.3% at Rs 5,588 crore versus Rs 4,889 crore
• Ebitda up 21% At Rs 516 crore versus Rs 426 crore  
• Margin At 9.2% versus 8.7% 
• To Pay Interim Dividend of Rs 4 per share

LTI Mindtree Q3 Results (Cons QoQ)

• Revenue at Rs 10,781 crore versus Rs 10,394 crore (Estimate: Rs 10,726 crore)
• EBIT at Rs 1,737 crore versus Rs 1,648 crore (Estimate: Rs 1,706 crore)
• Margin at 16.1% versus 15.86% (Estimate: 15.84%)
• Profit at Rs 971 crore versus Rs 1401 crore (Estimate: Rs 1,413 crore)

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Hindustan Zinc Q3 Results (Consolidated, QoQ)

• Revenue up 28.4% at Rs 10,980 crore versus Rs 8,549 crore
• Profit up 47.8% at Rs 3,916 crore versus Rs 2,649 crore
• EBITDA up 36.2% at Rs 6,054 crore versus Rs 4,445 crore
• Margin at 55.1% versus 52% 

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Punjab National Bank management expect Net Interest Margin to stay at current level in Q4 despite December repo rate cut by RBI. 

Of the Rs 3.21 lakh crore loans sanctioned in Apr-Dec, Rs 1.02 lakh crore is yet to be disbursed.

PNB plans to open 100 branches in the next six months.

Source: Q3 Concall.

Atlanta Electricals Q3 Highlights (Consolidated, YoY)

• Revenue up 79.7% at Rs 472 crore versus Rs 263 crore.
• EBITDA at Rs 91.3 crore versus Rs 41.6 crore.
• EBITDA margin at 19.3% versus 15.8%.
• Net profit up 94.7% at Rs 43.3 crore versus Rs 22.3 crore.

IRFC Q3 Highlights (YoY)

• Total income down 0.7% at Rs 6,719 crore (YoY).
• Net profit up 10.5% at Rs 1,802 crore versus Rs 1,631 crore (YoY).
• Board approved a revised working capital policy.

Punjab National Bank Q3 Highlights (YoY)

• NII down 4.5% at Rs 10,533 crore versus Rs 11,032 crore 
• Net profit up 13.1% at Rs 5,100 crore versus Rs 4,508 crore 
•  Gross NPA At 3.19% Vs 3.45% QoQ 
•  Net NPA At 0.32% Vs 0.36% QoQ  

TIPS Music Q3 Highlights (YoY)

• Revenue up 21.4% at Rs 94.3 crore versus Rs 77.7 crore 
• EBITDA up 34.1% at Rs 74.5 crore versus Rs 55.5 crore
• EBITDA margin at 79% versus 71.5% 
• Net profit up 32.6% at Rs 58.7 crore versus Rs 44.2 crore 

While companies like BHEL and Hatsun Agro have come up with their third-quarter earnings, we have a packed day ahead of us when it comes to earnings.

The coming hours could see companies like IRFC, LTIMindtree, Havells India, CEAT, Bansal Wire and Hindustan Zinc, among others, post their Q3 results.

Stay tuned for all the latest updates!

Ahead of Hind Zinc's earnings, HSBC has come out with a note on Hindustan Zinc, upgrading to 'buy' from 'hold' while hiking target price. 

• Hindustan Zinc - Upgrade to Buy from Hold; Hike TP to Rs 750 from Rs 520
• Hindalco – Maintain Buy; Hike TP to Rs 1240 from Rs 1060
• NALCO – Maintain Buy; Hike TP to Rs 420 from Rs 373

Hatsun Agro Q3 Highlights (Consolidated, YoY)

• Revenue up 17.6% at Rs 2,364 crore versus Rs 2,010 crore.
• EBITDA up 19.3% at Rs 256 crore versus Rs 214 crore.
• EBITDA margin at 10.8% versus 10.7%.
• Net profit up 48% at Rs 60.6 crore versus Rs 40.9 crore.

Angel One Management To NDTV Profit

• Productivity improvement via AI will be long-term in nature.
• Going forward margin will be better in Broking and distribution.
• F&O share coming down is positive as other segments are contributing.

• Board Approves Short Closure Of Varanasi Plant
• Varanasi Unit Products Being Planned At Other Locations

BHEL Q3 Highlights (Consolidated, YoY)

Revenue up 16.4% at Rs 8,473 crore versus Rs 7,277 crore.

EBITDA up 79.3% at Rs 545 crore versus Rs 304 crore.

EBITDA margin at 6.4% versus 4.2%.

Net profit at Rs 390 crore versus Rs 135 crore.