Q3 Earnings Today: With a number of major and small scale companies already having released their Q3 numbers, the fiscal third quarter earnings season is in full swing and nearing its end. Till date, companies like Reliance Industries, Swiggy, ITC, Vodafone Idea, Bharti Airtel, SBI, Nestle India, Vedanta, Lupin, M&M, Ola Electric, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Adani Enterprises, HDFC Bank, BPCL, HPCL, and all of IT majors like TCS, HCL Tech, Infosys, Tech Mahindra, Wipro, and many others have released their quarter results.
The third quarter is expected to witness growth slowdown of 80-90 bps YoY to 4-6 per cent due to weaker performance in construction and industrial commodities sectors, as well as subdued investment-linked segments. The falling rupee is also one of the reasons a lot of companies in the import-sensitive sectors are on the edge.
In line with the performance by India Inc till now, RBI Governor Sanjay Malhotra had earlier said that it is 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 while delivering his speech after the three-day MPC meet. Also, the Union Budget 2025, on February 1, announced reform policies directed towards consumption boost, which may help recovery for India Inc, going forward.
Today, majors including Hindustan Aeronautics, Honasa Consumer, Godrej Industries, Procter & Gamble Health, Ashok Leyland, VIP Clothing, PN Gadgil Jewellers, Muthoot Finance, Kirloskar Brothers, Liberty Shoes, Jubilant Foodworks, Rail Vikas Nigam, Power Finance Corporation, Bharat Forge, IIFL Finance, Saint-Gobain Sekurit, Redtape, Royal Orchid Hotels, and others are releasing their Q3 results.
Q3 Results Today: Check Q3 Earnings for HAL, Honasa Consumer, Godrej Industries, Ashok Leyland, PN Gadgil Jewellers
Godrej Industries Q3 Results Live Updates: Approves investment of Rs 500 crore
Godrej Industries announced that the company board has approved further investment of up to Rs 500 crore, by way of subscription/ purchase or otherwise in Godrej Capital Limited, subsidiary company, notwithstanding that the aggregate of the investments so far made or to be made, in terms of the already sanctioned limits, exceeds the limits/ will exceed the limits laid down by the Act, subject to the approval of the shareholders of the company.
Godrej Industries Q3 Results Live Updates: Profit surges by 76.86% to Rs 188.20 crore
Godrej Industries Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 188.20 crore, reporting a surge of 76.86 per cent in comparison to Rs 106.41 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 4,824.83 crore, up 34.39 per cent as against Rs 3,590.08 crore recorded during the same period of previous financial year. The company EBITDA stood at Rs 596.8 crore.
Honasa Consumer Q3 Results Live Updates: Varun Alagh on Q3 performance
Varun Alagh, Chairman and CEO & Co-founder, Honasa Consumer Limited, said, “In Q3FY25, we remained committed to long-term growth, advancing the strategic implementation of Project Neev to strengthen our offline distribution through direct distributors in the top 50 cities. Mamaearth continued to expand its market share and household penetration as we refine our playbooks to shape its future growth trajectory. Our emerging brands - The Derma Co., Aqualogica, BBlunt, and Dr. Sheth’s - delivered 30%+ YTD YoY growth. Additionally, our key categories (face wash, shampoo, serums, moisturizer, sun care, and baby care) saw ~18% growth in 9MFY25. We are continuing to build in these categories and aim to gain significant share in the next 3-5 years. As we scale, our vision remains centered on driving disruptive innovation, deepening offline penetration, and delivering unique value propositions to consumers.”
Honasa Consumer Q3 Results Live Updates: Profit flat at Rs 26.02 crore
Mamaearth's parent company Honasa Consumer Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 26.02 crore, almost flat from Rs 25.90 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 517.51 crore, up 6 per cent as against Rs 488.22 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 26 crore, down 24.1 per ceny YoY and margin came in at 5 per cent.
Jubilant FoodWorks Q3 Results Live Updates: ‘Q3 was a defining quarter for the company’
Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks Limited, said, “Q3 FY25 was a defining quarter for the Company. This success underscores the strength of our strategy and our team's dedication. We remain focused on further strengthening Domino’s, enhancing the customer experience, and accelerating the path to profitability for our emerging brands. We are confident that our customer-centric approach and investments in technology and innovation will continue to drive sustainable, profitable growth.”
Jubilant FoodWorks Q3 Results Live Updates: Profit drops by 34.20% to Rs 43.24 crore
Domino’s India franchisee Jubilant FoodWorks on Wednesday released its fiscal third quarter earnings report with profit at Rs 43.24 crore, posting a drop of 34.20 per cent in comparison to Rs 65.71 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2150.76 crore, up 56.06 per cent as against Rs 1378.12 crore reported during the third quarter of previous financial year. The company EBITDA stood at Rs 312.7 crore, up 10.6 per cent YoY.
DCM Shriram Q3 Results Live Updates: Profit drops by 19.10% to Rs 23.50 crore
DCM Shriram Industries Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 23.50 crore, recording a drop of 19.10 per cent in comparison to Rs 29.05 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 492.98 crore, up 5.27 per cent as against Rs 468.30 crore recorded during the third quarter of previous financial year. The company EBITDA was down 17.4 per cent at Rs 42.6 crore.
Siemens Q3 Results Live Updates: Sunil Mathur on Q3 performance
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “Our Smart Infrastructure and Mobility businesses, which are largely linked to Government spending in Capex, continued to grow profitably. However, our Revenue and consequently also our Profit from Operations for this quarter were impacted by a slowdown in the short cycle private sector Capex spending and the normalization of demand in our Digital Industries business. With the announcements in the recent Union Budget, we expect a positive impact on our businesses from the Government's continued emphasis on building a world-class infrastructure, measures to boost consumption and the increased focus on manufacturing.”
Siemens Q3 Results Live Updates: Profit up 21.53% at Rs 614.60 crore
Siemens Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 614.60 crore, reporting a growth of 21.53 per cent in comparison to Rs 505.70 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 3587.20 crore, down 3.30 per cent as against Rs 3709.50 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 401 crore, down 11.5 per cent YoY.
Ashok Leyland Q3 Results Live Updates: Dheeraj Hinduja on Q3 performance
Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said, “The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerate with the launch of new products. I compliment the management and all our team for delivering a record breaking Q3 for the second year in a row. We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months.”
Ashok Leyland Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 761.92 crore, posting a growth of 36.01 per cent in comparison to Rs 560.21 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 11,995.21 crore, up 8.40 per cent as against Rs 11,065.63 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 1211.5 crore.
The company achieved an export volume of 4,151 units in Q3 as against 3,128 units in the same period last year, registering a growth of 33 per cent.
HAL Q3 Results Live Updates: Interim dividend declared
The company board declared its first interim dividend of Rs 25 per equity share of Rs 5 each fully paid up (500 per cent) for the Financial Year 2024-25. “As informed earlier, Record date for the payment of first interim dividend will be Tuesday, the 18th February, 2025. The dividend will be paid to all the eligible shareholders on or before 14th March, 2025,” the company said in a regulatory filing.
HAL Q3 Results Live Updates: Profit rises by 14.13% to Rs 1,439.79 crore
Hindustan Aeronautics Ltd (HAL) on Wednesday released its fiscal third quarter earnings report with profit at Rs 1439.79 crore, reporting a growth of 14.13 per cent in comparison to Rs 1261.51 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 6957.31 crore, up 14.78 per cent as against Rs 6061.28 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 1,681 crore, up 17.2 per cent YoY.
Power Finance Corporation Q3 Results Live Updates: Interim dividend declared
The company board declared its third interim dividend @ Rs 3.50 per equity share (i.e. @ 35 per cent) on the face value of the paid-up equity shares of Rs 10 each for the FY 2024-25. “It is to inform that 28.02.2025 (Friday) shall be reckoned as the Record Date for the purpose of ascertaining the eligibility of shareholders for payment of 3rd Interim Dividend for the FY 2024-25. The date of payment /dispatch of the aforesaid 3d interim dividend shall be on or before 11.03.2025,” the company said in a regulatory filing.
Power Finance Corporation Q3 Results Live Updates: Profit rises by 23.03%, NII at Rs 4,694 crore
Power Finance Corporation Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 4154.92 crore, posting a growth of 23.03 per cent in comparison to Rs 3377.20 core recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 13,043.69 crore, up 10.05 per cent as against Rs 11,852.50 crore recorded during the third quarter of previous financial year. The Net Interest Income (NII) stood at Rs 4694 crore, up 13 per cent YoY.
Bajaj Hindusthan Q3 Results Live Updates: Loss at Rs 102.20 crore, revenue down 15.22% YoY
Bajaj Hindusthan Sugar Limited on Wednesday released its fiscal third quarter earnings report with loss at Rs 102.20 crore in comparison to a profit of Rs 20.08 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1475.75 crore, down 15.22 per cent as against Rs 1740.63 crore reported during the same period of previous financial year. The company reported EBITDA loss at Rs 25 crore.
Q3 Results Live Updates: United Breweries Heineken’s India performance
In a regulatory filing, United Breweries said, “In India, net revenue (beia) grew in the low-teens with beer volume growth of a high-single-digit. As market leader, we continued to expand and develop beer centric occasions whilst shaping the beer category to unlock the inherent growth. Kingfisher, the largest brand in India, grew by a mid-single-digit boosted by increased sponsorship investment including the Indian Premier League for cricket. Our premium portfolio, led by Kingfisher Ultra and Heineken® Silver, grew in the mid-thirties, gaining segment market share. We also launched Amstel Grande to expand our premium offerings.”
HEINEKEN results differ from local UBL results, as UBL reporting considers total sales volume (in cases sold) with net revenue per Indian Accounting Standards.
Hi-Tech Pipes Q3 Results Live Updates: Profit rises by 33.64% to Rs 19.15 crore
Hi-Tech Pipes Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 19.15 crore, recording a growth of 33.64 per cent in comparison to Rs 14.33 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 761.02 crore, up 20.78 per cent as against Rs 630.10 crore reported during the third quarter of the previous financial year. The company EBITDA stood at Rs 40.1 crore, down 5.4 per cent YoY.
Campus Activewear Q3 Results Live Updates: Sustained margin expansion, says Elara Securities
Elara Securities said, “In Q3, Campus Activewear posted a beat in EBITDA and PAT by 39.1% and 50.5% respectively, led by lower-than-expected other expenses. With a nominal share of non-BIS inventory, further liquidation may impact the EBITDA margin by a meager ~20bps. Revenue growth is likely to be fueled by increasing penetration, focus on new categories (sneakers, women and kids) and premiumization. We raise FY25E EPS by 14.0% and maintain FY26E and FY27E EPS, adjusting for Q3 performance and clearance of non-BIS inventory to support Q4FY25 margins. We maintain our TP at INR 306, based on 55x FY27E P/E.”
Berger Paints Q3 Results Live Updates: Healthy delivery on volume growth despite weak demand conditions, says InCred Equities
Consol. net sales of Berger Paints India (Berger) were up 3.2% yoy at Rs 29.8bn in Q3FY25. Standalone sales at Rs 25.8bn were flat yoy. Volume growth stood at 7.4%, implying a volume/value gap of 7%. Volume growth in 9MFY25 stood at 7.7%, ahead of peers, which was delivered by higher sales of categories like putty and relatively new categories for Berger like tile adhesives and texture coatings.
InCred Equities said, “Paint majors have been reeling from a weak demand environment as well as heightened competition due to rapid network expansion by a new entrant, with players like Asian Paints declining 7.5% yoy & Kansai Nerolac Paints remaining flat yoy. Players like Akzo Nobel (Not Rated) & Indigo Paints (Not Rated) grew/declined by 1.7%/3.2% yoy, respectively. Berger has posted better growth led by better growth in the eastern region (which was weak in 2Q) and the focus on urban expansion. Premium & mass economy categories continued to fare better. The waterproofing category saw healthy growth in volume as well as value terms.”
Lupin Q3 Results Live Updates: Nilesh Gupta on Q3 performance
Nilesh Gupta, Managing Director, Lupin Limited, said, “Our third-quarter results highlight our continued strength, with both revenue and EBITDA showing sustained growth. US revenues led by building scale in new products have been pivotal for our growth, supported by a strong nine-month performance from our India and EMEA regions. We look forward to maintaining this momentum in the ensuing quarters backed by growth in sales, commercial and operating efficiencies, and strong compliance.”
The company recorded investment in R&D at Rs 434.40 crore during the quarter in review, which is 7.7 per cent of sales. Lupin received approval for 6 ANDA from the US FDA in the quarter. Cumulative ANDA filings with the US FDA stand at 430 as of December 31, 2024, with the Company having received 334 approvals to date. The company now has 49 First-to-File (FTF) filings including 17 exclusive FTF opportunities. Cumulative US DMF filings stand at 156 as of December 31, 2024.
Lupin Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 858.86 crore, posting a growth of 38.82 per cent in comparison to Rs 618.70 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 5767.71 crore, up 10.97 per cent as against Rs 5197.41 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 1409.60 crore.
Eicher Motors Q3 Results Live Updates: EBITDA margin impacted by high marketing expenses, says InCred Equities
InCred Equities said, “Eicher Motors’ 3QFY25 EBITDA grew by 10% qoq to Rs12bn, which was 6% below our estimate but 7% above Bloomberg (BB) consensus estimate. Lower other income (-18% qoq) limits the normalized consolidated EPS growth (+2% qoq) to Rs43, in line with our estimate and BB consensus estimate. The EBITDA margin was at 24.2%, down 136bp qoq, due to incremental marketing expenses of Rs.900m for new launches and electric vehicle or EV-related events. VE Commercial Vehicles’ profit rose by 43% yoy and 45% qoq to Rs3bn, a 43% beat vs. our estimate.”
Nykaa Q3 Results Live Updates: Strong growth, but margin uptick to be slower, says Nomura
Nykaa’s revenue at Rs 22.7bn was in line with our forecast and the Bloomberg consensus estimate. EBITDA margin came in at 6.2% (Nomura: 5.9%, consensus: 6.2%), leading to EBITDA of Rs 1.4bn, +43% YoY. The beat was led by RM/sales at 56.3% (Nomura: 57%), partly offset by higher marketing cost/sales at 13.3% (Nomura: 12.3%). EBIT margin at 3.1% was in line . Higher interest cost and tax rate led to the PAT miss.
Nomura said, “We lower FY25F/26F revenue by ~2-3% and EBITDA margin to 5.9%/7.5%/8.7% for FY25F/FY26F/FY27F (from 7.5%/8.4% in FY25F/FY26F previously). This leads to 23%/12% cuts in EBITDA for FY25-26F. We factor in a revenue CAGR of 24% over FY25-27F with EBITDA margin improving to 10.3%/-7% for BPC/Fashion by FY27F.”
SAIL Q3 Results Live Updates: Amarendu Prakash on Q3 performance
Amarendu Prakash, Chairman, SAIL, said, “In the face of a challenging steel market characterized by declining prices and an influx of cheap imports, SAIL has managed to achieve better EBITDA during the Q3FY25 compared to the corresponding period last year. We remain steadfast in our commitment to boost production and enhance cost efficiency, while simultaneously further exploring and adopting greener technologies. We expect that with appropriate interventions, the issue of cheap imports will be addressed and the government's drive on infrastructure development will bode well for the domestic steel industry while driving the demand further.”
SAIL Q3 Results Live Updates: Profit drops by 66.45% to Rs 141.89 crore
Steel Authority of India Ltd (SAIL) released its fiscal third quarter earnings report with profit at Rs 141.89 crore, posting a decline of 66.45 per cent as against Rs 422.92 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 24,489.91 crore, up 4.89 per cent as against Rs 23,348.64 crore reported during the same period of previous financial year. The company EBITDA stood at Rs 2,029.6 crore, down 5.3 per cent YoY.
Q3 Results Live Updates: Key results announcements today
Today, majors like Hindustan Aeronautics, Honasa Consumer, Godrej Industries, Procter & Gamble Health, Ashok Leyland, VIP Clothing, PN Gadgil Jewellers, Muthoot Finance, Liberty Shoes, Jubilant Foodworks, Rail Vikas Nigam, Bharat Forge, IIFL Finance, Saint-Gobain Sekurit, Redtape, Royal Orchid Hotels, Crompton Greaves Consumer Electrical, Orchid Pharma, Suven Pharmaceuticals, Siemens, Sreeleathers, PTC India, Premier Explosives, and several others are lined up to announce their Q3 results
Q3 Results Live Updates: Welcome to the live blog
Greetings! The fiscal third quarter earnings season is now in full swing and we, at FinancialExpress.com, are continuously bringing to you all the key numbers and announcements by the companies across sectors, through this live blog. We are also analysing these numbers with the help of brokerage firms and analysts. Stay tuned.