Q3 Results 2025 Highlights: The fiscal third quarter earnings season is now in full swing with a number of companies across sectors including Reliance Industries Ltd, Zomato, DLF, Paytm, Interglobe Aviation, Godrej Consumer, HUL, Axis Bank, HDFC Bank, BPCL, HPCL, UltraTech Cement, Adani Green Energy, and all of IT giants like TCS, HCL Tech, Infosys, Tech Mahindra, Wipro, having already released its Q3 numbers.
According to Kotak Institutional Equities, net profit for the Nifty50 companies is expected to grow at 9 per cent YoY on the back of a 4.3 per cent revenue growth. For the BSE 30 set of companies, net profits are projected to grow by 7.2 per cent YoY on the back of a rise in sales of 5.7 per cent YoY. Furthermore, operating profits for both sets of companies are, analysts said, expected to grow slower than the profits, which suggests that the bottom line would be boosted by other income.
Today, majors like Adani Wilmar, Adani Total Gas, ACC, Tata Steel, Union Bank of India, Wonderla Holidays, Ultracab India, Indian Oil Corporation, Petronet LNG, Piramal Enterprises, LT Foods, Railtel Corporation of India, Mahindra Logistics, Coal India, Bajaj Housing Finance, Canara Bank, Federal Bank, Indraprastha Gas, Emami, Sanghi Industries, Petronet LNG, Aditya Birla Sun Life AMC, Apollo Pipes, are releasing their Q3 results.
Q3 Results Today Highlights: Check Q3 Results, Earnings for Tata Steel, Bajaj Finance, Coal India, Adani Wilmar and Other Companies
Tata Steel Q3 Results Live Updates: Tata Steel CEO & MD on the impact of global uncertainties
Tata Steel's TV Narendran, Chief Executive Officer & Managing Director said, “The global operating landscape continues to be shaped by geopolitics and continued economic slowdown in key regions. Steel exports from China, which has averaged 9 million tonnes per month in 2024, has dampened steel prices globally including in India. Growth in deliveries in India and focus on operational efficiency have aided our performance on EBITDA improvement."
"Subdued steel prices continued to weigh on our performance. We are progressing on enhancing sustainability in our operations at all our sites and on our commitment to diversity and inclusion. Recently, we operationalised an all-women shift at our Noamundi iron ore mine, a first in India,” added Narendran.
Tata Steel Q3 Results Live Updates: Q3 net profit falls less than expected
Tata Steel net profit at Rs 327 crore, down 43% YoY. Revenue down almost 3% to Rs 53,648 crore.
The company's net debt reduced to Rs 85,800 crore.
Bajaj Housing Q3 Results Live Updates: Employee headcount
Employee headcount stood at 2,062 as of 31 December 2024.
Bajaj Housing Q3 Results Live Updates: Profit rises by 25.41% to Rs 548.02 crore, NII at Rs 933 crore
Bajaj Housing Finance Ltd on Monday posted profit for the third quarter of FY25 at Rs 548.02 crore, up 25.41 per cent in comparison to Rs 436.97 crore. The Net Interest Income (NII) stood at Rs 933 crore, up 25.1 per cent YoY. The company recorded total income during the quarter at Rs 2,448.98 crore, up 25.83 per cent as against Rs 1,946.29 crore recorded during the same period of FY24.
Emami Q3 Results Live Updates: Profit rises by 7.03% to Rs 278.98 crore, revenue up 5.34% YoY
Emami Ltd on Monday posted a profit of Rs 278.98 crore for the third quarter of FY25, reporting a growth of 7.03 per cent in comparison to Rs 260.65 crore during the same period of previous financial year. It posted revenue from operations at Rs 1049.48 crore, up 5.34 per cent as against Rs 996.32 crore during the third quarter of FY24. The company EBITDA stood at Rs 338.7 crore, up 7.6 per cent YoY.
Petronet LNG Q3 Results Live Updates: Profit drops by 27.20% to Rs 866.59 crore
Petronet LNG Ltd on Monday posted its Q3 earnings report for the financial year 2024-25 with profit at Rs 866.59 crore, down 27.20 per cent in comparison to Rs 1190.30 crore during the third quarter of FY24. It posted revenue from operations at Rs 12,226.86 crore, recording a decline of 17.09 per cent as against Rs 14,747.21 crore during the same period of previous financial year. The company EBITDA stood at Rs 1,247.6 crore, up 4 per cent YoY.
Piramal Enterprises Q3 Results Live Updates: Key highlights
- Total Assets Under Management (AUM) grew 16% YoY to INR 78,362 Cr, led by our Growth business.
- Growth to Legacy AUM mix has improved to 87:13 from 34:66 in FY22.
o Growth AUM grew 40% YoY to Rs 68,009 crore
o Legacy (discontinued) AUM down 14% QoQ and 45% YoY to Rs 10,353 crore, down 76% since FY22.
- AIF recoveries of Rs 551 crore including gains of Rs 376 crore. 9M FY25 gains of Rs 557 crore.
o Expect further significant recoveries in Q4 FY25 and FY26.
- Consolidated GNPA at 2.8% with NNPA ratio at 1.5%.
o Growth business credit cost at 1.9% from 1.6% in Q2 FY25
Piramal Enterprises Q3 Results Live Updates: Ajay Piramal on Q3 performance
Ajay Piramal, Chairman, Piramal Enterprises Ltd, said, “While the overall macroeconomic environment remains challenging with subdued growth, we are encouraged by steady growth in loan disbursements, AUM growth, and sustained asset quality. We continue to actively run down the legacy book, ensuring a sharper focus on our Growth businesses, which are expected to perform well. Continued improvement in the operating performance of our retail lending business is encouraging. Our capital and liquidity position continue to be strong. Looking ahead, the agile integration of PEL and PCHFL into a unified financial services entity, renamed as Piramal Finance Ltd., underpins our optimism for the future.”
Piramal Enterprises Q3 Results Live Updates: Profit at Rs 38.56 crore, revenue down 1.09% YoY
Piramal Enterprises Ltd on Monday posted a profit of Rs 38.56 crore during the third quarter of FY25 from a loss of Rs 2377.59 crore incurred during the same period of previous financial year. It posted revenue from operations at Rs 2,448.58 crore, down 1.09 per cent as against Rs 2,475.65 crore recorded during the third quarter of FY24. The company EBITDA stood at Rs 1,074.7 crore, down 10.8 per cent YoY.
Coal India Q3 Results Live Updates: Interim dividend declared
Coal India announced that the company board declared its 2nd interim dividend for the financial year 2024-25 @ Rs 5.60 per equity share on the face value of Rs 10 as recommended by the Audit Committee of CIL at its meeting held on date. The company has fixed Friday, 31st Jan 2025 as the record date for the purpose of declaration of 2nd interim dividend on equity shares for the Financial year 2024-25. Payment of the second interim dividend for FY 2024-25 shall be made by 26th Feb 2025.
Coal India on Monday reported a profit of Rs 8491.22 crore for the third quarter of FY25, posting a drop of 17.49 per cent in comparison to Rs 10,291.71 crore during the same period of previous financial year, missing estimates. It posted revenue from operations at Rs 35,779.78 crore, down 1.03 per cent as against Rs 36,153.97 crore during the third quarter of FY24. The company EBITDA stood at Rs 12,317.2 crore.
According to a CNBC TV18 poll, Coal India was expected to report Q3 profit at Rs 7799 crore and revenue for the quarter was estimated at Rs 35,558 crore.
Adani Total Gas Q3 Results Live Updates: Network reach
Standalone
- Increased CNG stations to 605 by adding 28 new stations
- Expanded PNG home connections to 9.22 lakh, by adding 28,677 new households
- Increased Industrial & Commercial connections to 8,913 with 167 new consumers added
- Completed cumulative ~ 13,082 Inch Km of Steel Pipeline network
- Combined CNG and PNG volume of 257 MMSCM, a 15% increase YoY
Pan India Footprint (With JV namely IOAGPL)
- Combined network of 999 CNG Stations, with 41 new stations added
- PNG home connections cross 1 million mark to 1.09 million
- Grew Industrial & Commercial connections to 9949, by adding 230 new consumers
- Completed cumulative ~ 23,734 Inch Km of Steel Pipeline network
Adani Total Gas Q3 Results Live Updates: Profit drops by 19.40% to Rs 142.38 crore, revenue up 12.61% YoY
Adani Total Gas Ltd on Monday posted profit for the third quarter of FY25 at Rs 142.38 crore, down 19.40 per cent in comparison to Rs 176.64 crore recorded during the corresponding quarter of FY24. The company said that the profit drop was on account of increased depreciation due to expanding asset base. It posted revenue from operations at Rs 1400.88 crore, reporting a growth of 12.61 per cent as against Rs 1244 crore recorded during the third quarter of previous financial year, on account of higher volume.
Indian Oil Q3 Results Live Updates
LPG under-recoveries at Rs 14,325 crore
GRM at $3.69/bbl
One-time gain at Rs 680 crore vs gain of Rs 1157 crore (QoQ)
Indian Oil Q3 Results Live Updates: Profit drops by 76.72% to Rs 2147.35 crore
Indian Oil Corporation Limited on Monday released its fiscal third quarter earnings with profit at Rs 2147.35 crore, posting a decline of 76.72 per cent in comparison to Rs 9224.85 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2,15,522.35 crore, down 5.01 per cent as against Rs 2,26,892.08 crore during the same period of previous financial year.
LT Foods Q3 Results Live Updates: Interim dividend declared
LT Foods approved the payment of its fourth interim dividend of Re 0.50 (50 per cent) per equity share of face value of Re 1 each for the financial year 2024-25 and have fixed Tuesday, February 04, 2025 as the 'Record Date' for determining the shareholders who will be entitled to the said dividend. The interim dividend will be paid to the entitled shareholders within 30 days from the date of declaration.
LT Foods Q3 Results Live Updates: Profit drops by 5.24% to Rs 143.26 crore
LT Foods on Monday recorded profit for the third quarter of FY25 at Rs 143.26 crore, down 5.24 per cent in comparison to Rs 151.18 crore during the third quarter of previous financial year. It posted revenue from operations at Rs 2274.81 crore, up 17.15 per cent as against Rs 1941.73 crore during the same period of FY24. The company EBITDA stood at Rs 251 crore, up 5 per cent.
Adani Wilmar Q3 Results Live Updates: Distribution network
Adani Wilmar has been expanding its distribution network to access more towns, reaching over 43K rural towns directly by the end of December 2024. This, it said, marks a substantial progress from just over 5,000 towns in March 2022. “The goal is to reach over 50,000 rural towns by the end of FY’25 and drive the penetration of outlets as well as volume offtake in these new outlets,” the company said in a statement.
Adani Wilmar Q3 Results Live Updates: Angshu Mallick on Q3 performance
Angshu Mallick, MD & CEO, Adani Wilmar Limited, said, “The Company’s revenue grew by 31% YoY to Rs 16,859 crore. We have delivered another strong quarter, with double-digit growth in both edible oils and Food & FMCG segments. The edible oils revenue grew by 38% YoY and the Food & FMCG revenue grew by 22% YoY. The Company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBTIDA at Rs 792 crore and PAT at R 411 crore. This has led to best-ever trailing-twelve-months (TTM) performance with operating EBITDA at Rs 2,390 crore and PAT at Rs 1,192 crore on TTM basis. Our overall Food & FMCG business has crossed Rs 6,150 crore on TTM basis and we stay committed to building a very large packaged food business in India.”
Adani Wilmar Ltd on Monday posted a profit jump of 104.55 per cent during the third quarter of FY25 at Rs 410.93 crore in comparison to Rs 200.89 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 16,859.31 crore, up 31.42 per cent as against Rs 12,828.36 crore during the corresponding quarter of previous financial year. The company EBITDA stood at Rs 791 crore, up 57 per cent YoY.
ACC Ltd on Monday reported profit of Rs 1091.79 crore during the third quarter of FY25, posting a jump of 103.06 per cent in comparison to Rs 537.67 crore recorded during the same period of previous financial year. It posted revenue from operations at Rs 5207.29 crore, up 7.25 per cent as against Rs 4855.22 crore during the third quarter of FY24. The company EBITDA stood at Rs 1115.7 crore, up 23.4 per cent YoY.
Canara Bank Q3 Results Live Updates: Asset quality
Canara Bank recorded gross NPA ratio during the quarter at 3.34 per cent as against 4.39 per cent during the same period of previous financial year. Net NPA ratio, meanwhile, stood at 0.89 per cent as against 1.32 per cent during Q3FY24. Gross NPA was at Rs 35,060.6 crore and net NPA was at Rs 9081.1 crore during Q3.
Canara Bank on Monday released its fiscal third quarter earnings with profit at Rs 4,104.20 crore, posting a growth of 12.26 per cent in comparison to Rs 3,656.12 crore during the third quarter of FY24, surpassing estimates. The Net Interest Income (NII) during the quarter stood at Rs 9,149 crore. Total income recorded by the Bank during the quarter came in at Rs 36,113.77 crore, up 11.69 per cent as against Rs 32,333.93 crore during the same period of previous financial year.
According to a CNBC TV18 poll, Canara bank was expected to post Q3 profit at Rs 3,930 crore and NII for the period was estimated at Rs 9,657.6 crore.
Yatharth Hospital Q3 Results Live Updates: Profit rises by 3.39% to Rs 30.49 crore
Yatharth Hospital & Trauma Care Services Ltd on Monday released its fiscal third quarter earnings with profit at Rs 30.49 crore, posting a growth of 3.39 per cent in comparison to Rs 29.49 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 219.16 crore, up 31.40 per cent as against Rs 166.79 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 54.7 crore, up 18 per cent YoY.
NTPC Q3 Results Live Updates: Continued capacity expansion, says Elara Securities
Elara Securities said, “NTPC reported a 5% YoY revenue growth to Rs 413.5bn in Q3FY25, with EBITDA rising 20% YoY to Rs 119.6bn, and PAT up 3% YoY to Rs 47bn. Gross generation grew 2% YoY to 91.2BU, and plant load factor stood at 75.98%. NTPC has a robust project pipeline, with 17.5GW of thermal capacity under construction. It plans to add 25GW of capacity (5.7GW thermal, 1.4GW hydro, and 17.5GW renewable) in FY25-27. Contracted renewable capacity rose 63% YoY to 13.9GW, with significant additions projected in the next three years. As of December 31, 2024, NTPC's standalone commercial capacity was 59,168MW (76,598MW consolidated), with standalone regulated equity up 7% YoY to Rs 903bn and consolidated regulated equity up 5% YoY to Rs 1,059bn.”
Q3 Results Live Updates: Federal Bank will announce its Q3 results today
Elara Capital said that Federal Bank is expected to post softer business momentum with muted QoQ loan growth and deposit growth. This with lower NIMs (down 3- 4bps QoQ) will impact NII. “Asset quality is likely to be steady with no lumpy slippages and with no major one-off impacts. In FY24, we saw slippages from a corporate account, and recovery of that is a key monitorable. The bank will gain from stake sale in Equirus which we have not factored into our estimates as yet,” the brokerage firm said.
Federal Bank will release its Q3 results today. In terms of key monitorables, Elara Capital said that investors will watch for management commentary on: 1) deposit-side challenges, 2) growth momentum, and 3) ROA trajectory.
According to a CNBC TV18 poll, Federal Bank is expected to record Q3 profit at Rs 1022 crore and NII is estimated at Rs 2414.7 crore.
Q3 Results Live Updates: Tata Steel to release Q3 results today
With Tata Steel all set to announce its Q3 results today, an analysis report by Axis Securities stated, “We expect consolidated revenue to decline YoY/QoQ led by lower steel price realization in India and Europe, partially offset by our higher steel sales volumes estimate. We expect EBITDA to decline by ~23% YoY/QoQ each due to lower sales realisation in India and Europe, which offsets benefit from lower coking coal costs and higher sales volumes. We model lower EBITDA/t in India at Rs 11,810/t, down 33%/9% YoY/QoQ on account of lower sales price realisation, partially offset by lower coking coal consumption cost. EBITDA/t loss in Europe is likely to narrow down to $53/t vs. $75/t in Q2FY25 and $178/t in Q3FY24 led by better Netherlands EBITDA.”
According to a CNBC TV18 poll, Tata Steel is expected to post Q3 loss at Rs 550 crore and revenue for the quarter is estimated at Rs 52,550 crore. EBITDA, meanwhile, is projected at Rs 4700 crore.
Dr Reddy’s Q3 Results Live Updates: Elara Securities on Q3 performance
Elara Securities said, “Dr Reddy’s Laboratories reported Q3FY25 revenue and EBITDA broadly in line with our estimates. Higher amortization and tax expense, and lower other income led to PAT missing our estimate by 15%. Growth in the US, India, RoW and PSAI businesses came in weaker, but Europe and Russia businesses compensated. We look at these as quarterly fluctuations and project all the businesses to grow for the full year. We cut our FY25E core EPS by 5% as we build in higher amortization expense and tax rate, but maintain FY26E and FY27E core EPS as we build in upsides from generic semaglutide and biosimilar opportunities (should kick in starting next year).”
InterGlobe Aviation Q3 Results Live Updates: InCred Equities on Q3 performance
InCred Equities said, “InterGlobe Aviation (IndiGo) stated that grounded planes peaked in Q2FY25 (~75), currently ~60 and is expected to be 40 by Mar 2025F. As a result, vs. Q2FY24 (before the start of booking claims from P&W), ancillary revenue rose by 39% and other operating income increased 113%, despite just a 15.5% higher ASK. We estimate that claims booked in 3QFY25/2QFY25/3QFY24 of Rs7bn/ Rs5.8bn/Rs4.2bn, respectively, and consider this as extraordinary in our analysis. Excluding the estimated claims from P&W, operating PBT rose by 19% yoy, driven by a 12% yoy rise in ASK. PLF rose by 100bp yoy. Gross profit/ ASK rose by 10% yoy (Re 0.33) despite a similar RASK yoy due to a 16% yoy dip in fuel costs/ASK. RASK-CASK rose just by Re0.04 yoy due to the yoy rise in ownership costs and other expenses/ASK. IndiGo gave guidance of ~20% yoy ASK growth in 4QFY25F, with an early single-digit yoy dip in RASK. We expect RASK-CASK to dip 19% yoy in 4QFY25F.”
ICICI Bank Q3 Results Live Updates: Growth visibility healthy, says Axis Securities
Axis Securities said, “In Q3FY25, the bank witnessed a slight slowdown in retail loans, which grew by 11/1% YoY/QoQ. This was owing to a marginal slowdown in the mortgage book due to pricing pressures. The vehicle finance portfolio, primarily focused on financing new cars, has experienced a slowdown in its growth momentum. The corrective actions taken in the credit card portfolio have resulted in growth slowing down in the credit card portfolio. However, the bank remains optimistic about growth prospects in the portfolio. In the business banking segment, management sees healthy growth visibility as a result of the digitisation and formalisation of the segment. Business banking remains a key focus segment. We expect ICICIB to deliver a steady advances growth of ~16% CAGR over FY25-27E.”