Upcoming Quarterly Results: ABB India, Rain Industries, CIE Automotive Among 19 Firms To Announce Earnings

As many as 19 companies are scheduled to release their financial statements for the December 2024 quarter in the remaining days of February, marking the conclusion of the Q3 earnings season.

The lineup of the companies releasing their quarterly earnings in the second half of Feb. includes ABB India Ltd., CIE Automotive India Ltd., Rain Industries and Rana Sugars. More than 1,000 companies released their Q3 earnings between Feb. 10 and Feb. 14., marking a busy week at the Dalal Street.

Here's the complete list of 19 companies declaring Q3 results:

• ABB India Ltd. (Q4 Results) (Feb. 17)

• Mahesh Developers Ltd. (Feb. 17)

• Bharat Global Developers Ltd.  (Feb. 18)

• Elantas Beck India Ltd. (Feb. 18)

• Kids Medical Systems Ltd. (Feb. 18)

• Punjab Communications Ltd. (Feb. 18)

• Harig Crankshafts Ltd. (Feb. 19)

• CIE Automotive India Ltd. (Feb.20)

• John Cockerill India Ltd. (Feb. 20)

• Hindustan Adhesives Ltd. (Feb. 20)

• Sanofi Consumer Healthcare India Ltd. (Feb. 20)

• Vuenow Infratech Ltd. (Feb. 20)

• Jindal Cotex Ltd. (Feb. 21)

• Yashraj Containeurs Ltd. (Feb. 21)

• Rain Industries Ltd. (Feb. 25)

• Sanofi India Ltd. (Feb. 27)

• Schaeffler India Ltd. (Feb. 27)

• Ansal Properties & Infrastructure Ltd. (Feb. 28)

• Rana Sugars Ltd.  (Feb. 28)

Engineering company ABB Ltd., which follows the calendar year for its financial statements, posted strong performance for the quarter ended September 2024. The company saw its net profit spike 21% year on year to Rs 440 crore in comparison to Rs 363 crore in the corresponding quarter of last financial year. Revenue witnessed a 5% YoY uptick. Total orders for the July-September 2024 period amounted to Rs 3,342 crore marking an 11% rise from the year-ago quarter. 

ABB India Q3 CY24 Highlights (Consolidated, YoY)

• Revenue rose 5% to Rs 2,912 crore versus Rs 2,769 crore.

• Ebitda rose 23% to Rs 540 crore versus Rs 439 crore.

• Ebitda margin expanded to 18.6% versus 15.8%.

• Net profit up 21% to Rs 440 crore versus Rs 363 crore.

CEI Automotive India Ltd, the Indian arm of the global automotive major, reported a sharp 48% plunge in its net profit for the quarter ending September 2024. The company's net profit slipped to Rs 195 crore in Q3 of FY25 in comparison to Rs 375 crore in the year-ago period. Revenue from operation also declined 6.4% YoY.

CEI Automotive India Q2 FY25 Highlights (Consolidated, YoY)

• Profit down 48% to Rs 195 crore versus Rs 375 crore

• Revenue from operation down 6.4% to Rs 2,135 crore versus Rs 2,279 crore

• Ebitda down 4% to Rs 331 crore against Rs 345 crore

• Ebitda margin at 15.5% versus 15.1%

Rain Industries Ltd. recorded a subdued financial performance in Q2, with net loss widening to Rs 154.94 crore. Revenues also a decline of 5.4% YoY to Rs 3,934.38 crore.

Rain Industries Q2 FY25 Highlights (Consolidated, YoY)

• Revenue down 5.4% to Rs 3,934.28 crore versus Rs 4,160.26 crore

• Net loss widened to Rs 154.94 crore versus Rs 65.75 crore

• Ebitda up 0.5% to Rs 284 crore versus Rs 282 crore

• Margin at 7.2% versus 6.8%