Q3 Earnings Today: While a number of companies have already released their Q3 numbers, others are still in the queue as the fiscal third quarter earnings season is now nearing its end. Till date, majors like Reliance Industries, Swiggy, ITC, Hindustan Aeronautics, Godrej Industries, Vodafone Idea, Bharti Airtel, SBI, Nestle India, Vedanta, M&M, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Adani Enterprises, BPCL, HPCL, and all of IT majors like TCS, HCL Tech, Infosys, Tech Mahindra, Wipro, and many others have released their quarter results.
After a disappointing Q2 where India Inc’s net profits barely grew, companies were expecting Q3 to turn in better numbers. The quarter comes against the backdrop of a slowing economy characterised by weak consumer demand and modest increases in investments. Per analysts, Q3 is expected to witness growth slowdown of 80-90 bps YoY to 4-6 per cent.
Till now, the manufacturing sector has shown a mild recovery. RBI Governor Sanjay Malhotra had earlier said that Q3 results till date are indicating a mild recovery in the manufacturing sector. “Mining and electricity are rebounding from monsoon related disruptions in Q2. Business expectations remain upbeat, as evidenced from the PMI manufacturing future output index. Services sector activity continues to be resilient,” he had said after the three-day MPC meet. Also, Finance Minister Nirmala Sitharaman had, in her Budget speech on February 1, announced reform policies directed towards consumption boost, which may help recovery for India Inc, going forward.
Today, companies including Godfrey Phillips India, United Breweries, Senco Gold, Reliance Infrastructure, Hindalco Industries, Healthcare Global Enterprises, TVS Electronics, Manappuram Finance, Lloyds Enterprises, Lux Industries, Ipca Laboratories, Nazara Technologies, SJVN, Triveni Enterprises, Titagarh Rail Systems, Supreme Engineering, Gujarat Pipavav Port, Allcargo Logistics, and others are releasing their Q3 results.
Q3 Results Today: Check Q3 Earnings for Godfrey Phillips, United Breweries, Senco Gold, Hindalco
Hindalco Q3 Results Live Updates: Profit surges by 60.23% to Rs 3,735 crore
Hindalco Industries Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 3735 crore, posting a surge of 60.23 per cent in comparison to Rs 2331 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 58,390 crore, up 10.57 per cent as against Rs 52,808 crore recorded during the same period of previous financial year.
Godfrey Phillips Q3 Results Live Updates: Profit rises by 48.74% to Rs 315.84 crore
Godfrey Phillips India Ltd, the manufacturer of popular cigarette brands like Marlboro, on Thursday released its fiscal third quarter earnings report with profit at Rs 315.84 crore, posting a growth of 48.74 per cent in comparison to Rs 212.35 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1895.52 crore, up 27.43 per cent as against Rs 1487.54 crore reported during the third quarter of previous financial year. The company EBITDA stood at Rs 358.8 crore, up 57.6 per cent YoY.
Manappuram Finance Q3 Results Live Updates: Interim dividend declared
The company board declared an interim dividend of Re 1 per equity share of face value Rs 2. Manappuram Finance fixed February 21,2025 as record date to ascertain the entitlement of interim dividend among the shareholders and maintained that dividend/ dividend warrants shall be paid or dispatched on or before March 14,2025.
Manappuram Finance Q3 Results Live Updates: Profit rises by 5.78% to Rs 453.39 crore
Manappuram Finance Ltd on Thursday released its fiscal third quarter earnings report with standalone profit at Rs 453.39 crore, posting a growth of 5.78 per cent in comparison to Rs 428.62 crore reported during the corresponding quarter of FY24. Net Interest Income stood at Rs 1160.9 crore, up 13.7 per cent vs Rs 1021.2 crore YoY. The company recorded revenue from operations for the quarter in review at Rs 1798.71 crore, reporting a growth of 17.88 per cent as against Rs 1525.88 crore during Q3FY24.
SAIL Q3 Results Live Updates: Weak steel prices drag margin, says Elara Securities
Elara Securities said, “Steel Authority of India’s (SAIL IN) Q3FY25 performance was mostly in line with our and Consensus estimates as benefit of robust volume growth and lower operating cost was offset by weak steel prices. EBITDA declined ~5% YoY/30% QoQ to ~INR 20bn, in line with our/Consensus estimates of ~INR 20bn each. The sharper QoQ fall compared with peers was due to absence of railway price revision benefit, which had bolstered Q2FY25. Net sales increased ~5% YoY but fell ~1% QoQ to ~INR 245bn, in line with our/consensus estimates of ~INR 244bn/245bn, respectively.”
Crompton Greaves Q3 Results Live Updates: Growth and margin expansion strategy in place, says Centrum Broking
Centrum Broking said, “CROMPTON’s consolidated sales grew 5% YoY to Rs17.7bn, 6% below our estimate. ECD sales grew 7% YoY to Rs12.9bn driven by pumps (+19% YoY), fans (mid-single digit growth) and appliances (led by air-coolers and mixer grinders). Lighting sales grew modestly at 3% YoY to Rs2.6bn (affected by LED price erosion) while Butterfly sales fell 4% YoY to Rs2.2bn. Better product mix and cost optimization measures led to 80bps YoY gross margin expansion to 33.3%. EBITDA margin rose 180bps YoY to 10.6% (CentE 10.3%). PAT grew 28% YoY to Rs1.1bn (CentE Rs1.2bn). CROMPTON will continue to invest and focus on premiumization, innovation and GTM. It has identified strategies to revive growth in lighting and Butterfly in FY26. We trim our margin expansion estimates, leading to a cut in earnings by 12-13%.”
Lupin Q3 Results Live Updates: Strong show continues, says Elara Securities
Elara Securities said, “Lupin (LPC IN) continued its strong performance in Q3FY25. Revenue, EBITDA and PAT came in 2%, 7% and 8% above our estimates respectively. EBITDA margin remained strong, up 400bps YoY and 60bps QoQ. High-margin gSpiriva and gMyrbetriq sales in the US continued to aid margins, in our view, along with the launch of gPred Forte. Other businesses delivered mixed performance – Growth in domestic and RoW formulations disappointed, while that in EMEA was superior. While there are several moving parts to the business from a two-year perspective, the management targets to sustain growth and further improve margins in the medium term.”
Bata Q3 Results Live Updates: Sequential recovery led by premiumize portfolio, says Centrum Broking
Centrum Broking said, “Bata’s Q3FY25 print was below our estimates; Revenue/EBITDA/PAT grew by 1.7%/9.4%/ 19.8% YoY. Management observed a rebound in volume growth led by power and Floatz. Volume growth was driven by 1) value proposition and 2) EOSS. Further, lowest inventory led by EOSS helped to reduce complexity in the store. Management has been working on Zero based Merchandising (17 stores) which would help to improve performance led by lower complexity (lower inventory & only 3 price points at Rs999/1,299/1,499) and to target top 100 stores (~50% sales contribution) by FY26. Sneaker Studio is now implemented in 756 stores. Bata is banking on Omni-channel (6% sales contribution) strategy with 1953 stores covering 1500+ towns. Gross margins increased by 13bps to 56.2% whereas EBITDA Margin settled at 21.7% (+152bps). Going forward, management wants to continue 150-160 net store opening for next couple of years.:
IPCA Labs Q3 Results Live Updates: Key highlights for 9MFY25
• Standalone Net Total Income up 7% at Rs 5089.28 crore.
• Consolidated Net Total Income up 17% at Rs 6759.88 crore.
• Indian formulations income up 12% at Rs 2691.05 crore.
• Exports Income up 3% at Rs 2034.67crore.
• Standalone EBITDA margin at 23.14% in FY25 as against 19.55% in FY24.
• Consolidated EBITDA margin at 19.18% in FY25 as against 17.34% in FY24.
• Standalone Net Profit at Rs 715.81 crore (after exceptional items), up 54%.
• Consolidated Net Profit at Rs 669.86 crore (after exceptional items), up 37%.
IPCA Labs Q3 Results Live Updates: Profit up 37.95% YoY at Rs 248.14 crore
IPCA Laboratories Ltd on Thursday released its fiscal third quarter earnings with standalone profit at Rs 248.14 crore, posting a growth of 37.95 per cent in comparison to Rs 179.88 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2,245.37 crore, up 9.38 per cent as against Rs 2,052.85 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 463 crore, up 40 per cent YoY.
Lloyds Engineering Works Ltd on Thursday released its fiscal third quarter earnings with standalone profit at Rs 33.68 crore, posting a growth of 24.37 per cent in comparison to Rs 27.08 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 229.72 crore, up 14.04 per cent as against Rs 201.44 crore recorded during the same period of previous financial year. Revenue increase was led by better execution of projects. Lloyds Engineering added that fresh orders further bolstered the company's orders pipeline. The company EBITDA stood at Rs 39.3 crore, up 10.2 per cent YoY.
Jubilant FoodWorks Q3 Results Live Updates: Raising the bar, another healthy quarter, says Elara Securities
Jubilant FoodWorks posted robust performance given the current state of QSR chains. Elara Securities said, “All the right steps in the past address exact consumer needs – Fast and free delivery (propping healthy growth, and outperformance versus the industry). Jubilant FoodWorks will leverage this model’s success, and continue with store expansion while recouping margins. We note that while peers are ‘recovering’, Jubilant FoodWorks is ‘growing’.”
“Jubilant FoodWorks should maintain its expansion spree with better LFL growth. We up store addition estimates and expect 200 net new stores (~170 earlier) each in FY26E/27E, resulting in revenue upgrade of 4.1/6.4% and EPS upgrade of 6.7%/8.3% in FY26E/27E,” the brokerage firm added.
Ashok Leyland Q3 Results Live Updates: Healthy operating performance, says Anand Rathi
An analysis report by Anand Rathi Research Team stated, “Surpassing our Rs11.3bn estimate on more-than-expected revenue and less-than-anticipated other expenses, Ashok Leyland’s Q3 EBITDA grew 9% y/y to Rs 12.1bn. We expect India’s M&H CV sector to turn positive with 6% growth in Q4, and a 5% CAGR over FY25-27, led by robust bus demand (an 8% CAGR), continuing replacement demand, infra/economic activity and a favorable base. Exports would record a healthy 12% CAGR, led by recovery in Africa/Asia. The EBITDA margin would increase due to a greater focus on profit (similar to those of peers) and tonnage/non-CV mix.”
Lupin Q3 Results Live Updates: PL Capital on Q3 performance
Param Desai, Research Analyst, PL Capital, said, “Lupin’s (LPC) Q3FY25 EBITDA adjusted for one time provision stood at Rs14.5bn (up 42% YoY) ~9% beat to our estimates on the back of higher US sales and other operating income. OPM rose to 25.2% (up 100bps QoQ) driven by niche launches (gMyrbetriq 50mg). LPC saw remarkable turnaround in profitability with ~2x jump in EBITDA over FY23-24 aided by better product mix, continued niche launches in the US, clearance from USFDA for facilities, domestic formulations regaining momentum and cost optimization measures. We expect margins to sustain given a strong pipeline in the US. Our FY26/27E EPS estimates broadly remain unchanged. Any competition in gSpiriva and delay in new launches in the US will be key risks to our estimates.”
Q3 Results Live Updates: FMCG industry focus
Elara Securities said, “Nifty FMCG has underperformed Nifty 50 by 2% (up at 10% CAGR) since FY19. This has come after a strong 8% outperformance (versus Nifty 50) in the prior nine years through FY10-19. While in Phase I (FY11-15), growth was close to mid-teens with modest margin expansion for large companies, Phase II (FY16-20) witnessed significant margin expansion even as revenue grew in mid-single digit. Holding on to benefit from the cyclical uptrend in revenue growth as also consistent margin expansion has been the investment strategy as regards FMCG plays. However, Phase III (FY21-24) has been marked by lower revenue growth with no margin expansion. So, we prefer plays with better revenue growth and stable EBITDA margin in FY26E versus FY24.”
Siemens Q3 Results Live Updates: Demerger on track, says Motilal Oswal
Siemens has reported demerged financials for Q1FY25. For the combined entity, revenue was 9% below estimates and PAT was 3% above estimates. Revenue/PAT grew 4%/22% YoY, largely driven by the energy segment.
An analysis report by Motilal Oswal Financial Services stated, “The non-energy segments were impacted by a slowdown in the short-cycle private sector capex spending and the normalization of demand in digital industries business. The energy segment’s demerger is on track. We lower our EPS estimates by 7%/8%/10% for FY25/FY26/FY27 to factor in a slower-than-expected pickup in the smart infrastructure, digital industries and mobility segments and slightly better growth in the energy segment. We will revisit our numbers once we have full-year details of the demerged business; hence, our current estimates are consolidated estimates for Siemens as a combined entity.”
Crompton Greaves Q3 Results Live Updates: Focus on cost optimization & premiumization, says InCred Equities
InCred Equities said, “Crompton Greaves Consumer Electricals or CGCEL reported consolidated 3QFY25 revenue of Rs17.7bn, up by ~5% YoY, 4% below our/Bloomberg or BB consensus estimates. The ECD segment’s revenue grew 6.5% YoY while Butterfly products witnessed a decline of 4% for the quarter. However, EBITDA improved by 25% YoY to Rs1.9bn, 5% above our/BB consensus estimates. Margin expanded by 178bp YoY to 10.6% led by cost optimization. PAT came in at Rs1.1bn, up 31% YoY, in line with our estimate and 4% below BB consensus estimate. The fan business saw mid-single-digit growth, driven by TPW fans. Moreover, there was strong inventory build-up in air coolers ahead of the summer season. CGCEL is optimistic about the fan market, expecting reasonable strength in demand, depending on the weather conditions.”
P&G Health Results Live Updates: Milind Thatte on Q3 performance
Milind Thatte, Managing Director, P&G Health India, said, “This quarter was a period of strategic reinforcement as we took proactive steps to strengthen our supply network. We remain committed to our integrated growth strategy of a focused product portfolio, superiority, productivity, constructive disruption, and an agile and accountable organization structure. We are confident that this strategy will enable us to meet the evolving needs of our consumers and healthcare professionals alike.”
P&G Health Results Live Updates: Interim dividend declared
The company board declared an interim dividend for the financial year 2024-25 of Rs 80 per equity share (face value of Rs 10 each). The dividend shall be paid on or before March 7, 2025. “As informed earlier in our letter dated January 31, 2025, record date for the purpose of eligibility for payment of said Interim Dividend shall be February 21, 2025,” it said in a regulatory filing.
P&G Health Results Live Updates: Profit rises by 26.13% to Rs 90.90 crore
Procter & Gamble Health Ltd released its second quarter earnings with profit at Rs 90.90 crore, posting a growth of 26.13 per cent in comparison to Rs 72.07 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 309.77 crore as against Rs 309.97 crore reported during the December quarter of last year. Excluding the one-time item in the base year, the operational Profit After Tax (PAT) was up 13 per cent versus a year ago.
Vodafone Idea Q3 Results Live Updates: Motilal Oswal on Q3 performance
A report by Motilal Oswal stated that Vodafone Idea’s (Vi) reported EBITDA (up 4% QoQ, vs. 3%/9% QoQ growth for RJio/Bharti India wireless) came in line with the brokerage firm’s estimates due to lower employee and SG&A costs. However, operationally, results were weaker as subscriber decline remained elevated, and reported ARPU came in ~1% (+5% QoQ vs. 4-5% QoQ growth for peers).
It said, “We cut our FY26-27E EBITDA by 7-8% on lower subscriber and ARPU assumptions. We downgrade Vi to Sell (from Neutral) with a revised TP of INR5, based on DCF implied ~14x FY27E EV/EBITDA.”
Q3 Results Live Updates: Companies announcing results today
Today, companies including Godfrey Phillips India, United Breweries, Senco Gold, Reliance Infrastructure, Hindalco Industries, Healthcare Global Enterprises, TVS Electronics, Manappuram Finance, Lloyds Enterprises, Lux Industries, Ipca Laboratories, Nazara Technologies, SJVN, Triveni Enterprises, Titagarh Rail Systems, Supreme Engineering, Gujarat Pipavav Port, Allcargo Logistics, and several others are lined up to announce their Q3 results.
Q3 Results Live Updates: Welcome to this live blog
Good Morning! With the fiscal third quarter earnings season nearing its end now and a number of companies announcing their Q3 numbers, we, at FinancialExpress.com, are continuously bringing to you all the updates on key numbers and announcements, through this live blog. We will also keep analysing these numbers with the help of brokerage firms and analysts. Stay tuned.