Q3 Results 2025: ITC net profit at Rs 5,638 crore, announces dividend of Rs 6.50/share

-Strong growth in Net Segment Revenue – up 8.1% YoY, driven by volumes

-Business continues to counter illicit trade and make strategic portfolio & market interventions with focus on competitive belts to reinforce market standing

-Sharp cost escalation in leaf tobacco partly mitigated through improved mix, calibrated pricing action and focused cost management initiatives.

-Trade marketing spends restructured for sharper last mile execution

-Union Budget 2025: Amendments to CGST Act enabling a Track and Trace mechanism

-Strengthen efforts to control illicit trade

ITC stated that the cigarette-FMCG major delivered resilient performance, ” Amidst a challenging operating environment as stated above, the Company delivered a resilient performance during the quarter. Notwithstanding the near-term challenges, India’s economic outlook remains bright with the country continuing to be the fastest growing major economy in the world with significant headroom for growth over the medium and long-term. With improving agri terms-of-trade, healthy kharif output and improvement in rabi sowing, rural consumption is expected to build on the gradual recovery momentum witnessed in recent months; there are incipient signs of recovery in urban demand as well. Anticipated moderation in inflation, uptick in government spending and private investments, and the Government’s thrust on public infrastructure & the rural sector augur well for boosting economic activity and a pick-up in consumption demand. “

– Revenue up 8.45% YoY to Rs 18,290.24 crore (from Rs 16,864.34 crore)

– Net profit up 1.18% YoY to Rs 5,638.25 crore (from Rs 5,572.07 crore)

– EBITDA up 1.55% YoY to Rs 5,828.38 crore (from Rs 5,739.37 crore)

– EBITDA margin at 31.86%, down from 34.03% YoY

The Board has announced an interim dividend of Rs 6.50 per share for the financial year ending March 31, 2025. The dividend will be paid between March 6 and March 8, 2025, to eligible shareholders.

– ITC standalone net profit at Rs 5,638 crore

– ITC Q3FY25 PAT down 7% to Rs 4,935 crore

Gopal Vittal, Vice-Chairman and MD, said, “We delivered another consistent quarter with consolidated revenue of 45,129 crores. Indus Towers consolidation is effective this quarter. India revenue (excluding Indus) grew by 4.8% sequentially. Africa maintained a strong constant currency sequential growth trajectory of 5.6%. India mobile delivered strong performance led by residual flow-through of tariff repair and underlying levers of premiumization. We reported another quarter of industry leading ARPU growth to reach Rs 245. We added 6.5 Mn smartphone users underpinned by our focus on acquiring quality customers and portfolio premiumization. Homes business saw further step up in customer additions with acceleration of FWA expansion. Airtel Business delivered stable performance but continues to remain challenged. We are in the middle of comprehensive re-tooling of our Airtel Business portfolio by stepping-up investments in digital services across Cloud, Security and IoT while shedding very low margin commodity voice and wholesale business. This is likely to impact the top line of this business in the coming quarters but will have an insignificant impact on the margins.”

India business

o India revenue at Rs 34,654 crore, up 24.6%YoY

o EBITDA at Rs 19,850 crore, up by 32.3% YoY. EBITDA Margin at 57.3%

o EBIT at Rs 9,961 crore, EBIT margin at 28.7%

o Customer base stands at ~ 414 million

o Capex for the quarter at Rs 7,980 crore

Africa business

o Revenue (in constant currency) up 21.3% YoY

o EBITDA margin (in constant currency) at 47.1%, down 1.1% bps YoY.

o EBIT margin (in constant currency) at 29.4%, down 2.8% bps YoY.

o Customer base stands at 163.1 million

o Capex for the quarter at Rs 1,181 crore

o Smartphone data customers up by 25.2 million YoY & 6.5 million QoQ, 75.8 per cent of overall mobile customer base.

o Postpaid net adds of 0.6 million in Q3’25

o Mobile ARPU increased to Rs 245 in Q3’25 vs Rs 208 in Q3’24

o Mobile data consumption up 23.2% YoY, consumption per customer at 24.5 GB per month

o Homes business saw step- up in customer additions with 674 K in Q3’25

Bharti Airtel on Thursday released its fiscal third quarter earnings report with profit at Rs 14,781.20 crore, posting a jump of 505.24 per cent in comparison to Rs 2442.20 crore during the corresponding quarter of FY24. The telecom major reported revenue from operations at Rs 45,129.30 crore, up 19.08 per cent as against Rs 37,899.50 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 24,596.6 crore.

Bharti Airtel reported an exceptional gain of Rs 7545.6 crore, primarily due to consolidation of Indus Towers.

Satish Mehta, CEO and Managing Director, Emcure Pharmaceuticals, said, “Emcure witnessed a strong performance in Q3. Our International business is seeing strong performance on back of our differentiated product porƞolio. On the domestic side, our focus is on expanding our covered market through differentiated product launches and driving synergies from the in-licensed Sanofi porƞolio. Moving forward, we aim to enhance our organic growth and margins through new product launches and operating efficiencies.”

Emcure Pharmaceuticals on Thursday released its fiscal third quarter earnings report with profit at Rs 156.09 crore, posting a growth of 30.34 per cent in comparison to Rs 119.76 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1962.63 crore, up 17.69 per cent as against Rs 1667.64 crore reported during the third quarter of previous financial year. The company EBITDA stood at Rs 354.5 crore, up 15.5 per cent YoY.

Surya Roshni announced that the company is investing Rs 25 crore at its Gwalior facility to set up a House Wiring Cables (HWC) unit. Raju Bista, Managing Director, Surya Roshni, said, “We are also investing Rs 25 crore at our Gwalior facility to establish a state-of-the-art manufacturing unit for House Wiring Cables (HWC) in specified sizes and categories (FR, FRLSH, ZHFR, HFFR), leveraging our existing resources in manufacturing and sales operations.”

Surya Roshni said that an order book of about Rs 550 crore is in hand for the Oil & Gas sector, Water Sector and Exports business.

Surya Roshni Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 89.90 crore, marginally lower than Rs 90.10 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1867.96 crore, down 3.60 per cent as against Rs 1937.80 crore reported during the third quarter of previous financial year. The company EBIDTA stood at Rs 149.7 crore, down 3.2 per cent YoY.

• Gross NPA ratio at 2.07 per cent improved by 35 bps YoY.

• Net NPA ratio at 0.53 per cent improved by 11 bps YoY.

• PCR (incl. AUCA) improved by 25 bps YoY and stands at 91.74 per cent. Provision Coverage Ratio (PCR) at 74.66 per cent improved by 49 bps YoY.

• Slippage Ratio for 9MFY25 improved by 8 bps YoY and stands at 0.59 per cent. Slippage Ratio for Q3FY25 improved by 19 bps YoY and stands at 0.39 per cent

• Credit Cost for Q3FY25 stands at 0.24 per cent.

State Bank of India (SBI) on Thursday released its fiscal third quarter earnings report with standalone profit at Rs 16,891.44 crore, posting a surge of 84.32 per cent in comparison to Rs 9,163.96 crore during the corresponding quarter of FY24. The Net Interest Income (NII) stood at Rs 41,446 crore, up 4.09 per cent YoY.

Ajay Kumar Bijli, Managing Director, PVR INOX Ltd, said, “As we look ahead, our focus remains on pivoting to the capital light model, enhancing free cash generation, reducing net debt, controlling costs and delivering a diverse slate of films that excite and inspire moviegoers. With a robust content pipeline, a slew of strategic growth initiatives, and continued financial discipline, we are confident in sustaining our leadership and driving long-term value for all stakeholders.”

– Patrons visiting cinemas: 37.3 million

– Highest Quarterly Average ticket price (ATP) of Rs 281

– Highest Quarterly F&B spend per head (SPH) of Rs 140

– Highest Quarterly Ad income of Rs 1,486 million booked post Covid

– 11 new screen openings across 2 properties during the quarter

– As on date PVR INOX operates 350 cinemas with 1,728 screens across 111 cities

PVR Inox Ltd on Thursday released its fiscal third quarter earnings report with consolidated profit at Rs 35.90 crore, posting a jump of 180.47 per cent in comparison to Rs 12.80 crore during the corresponding quarter of FY24. It reported revenue from operations at Rs 1717.30 crore, up 11.09 per cent as against Rs 1545.90 crore recorded during the third quarter of previous fiscal year. The company EBITDA stood at Rs 527.5 crore, up 12 per cent YoY.

Sapphire Foods India Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 12.73 crore, reporting a growth of 29.50 per cent in comparison to Rs 9.83 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 756.54 crore, up 13.67 per cent as against Rs 665.56 crore during the same period of previous financial year. The company EBITDA was up 10 per cent at Rs 134.2 crore.

Axis Securities said, “V-Mart Retail posted a healthy 15.5% YoY revenue growth, which was in line with expectations and driven by a robust 10% YoY same-store sales growth (SSSG). Demand remained strong, supported by the festive season, followed by wedding and winter sales that picked up in December. Management noted early signs of recovery in semi-urban and rural markets. EBITDA margins expanded by 323 bps to 16.7%, led by gross margin expansion, the closure of loss-making Unlimited stores, and a 54% reduction in Lime Road losses. Management remains optimistic about demand recovery, backed by sustained growth in footfalls.”

NMDC Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 1,896.99 crore, posting a growth of 29.04 per cent in comparison to Rs 1,470.09 crore during the corresponding quarter of FY24. It reported revenue from operations at Rs 6,567.83 crore, up 21.40 per cent as against Rs 5,409.90 crore during the same period of previous financial year. The company EBITDA came in at Rs 2,372 crore.

Noel N Tata, Chairman, Trent Limited, said, “We remain on track to strongly expand our reach and at the same time improve the quality of our store portfolio. The strong store opening program this year together with other levers keeps our growth journey on track. The value proposition of our brands continues to resonate well with customers across geographies as reflected in the encouraging results. Our fashion portfolio continues to be differentiated by disciplines & choices. The market opportunity associated with building brands and a pure play direct-to-customer business like ours remains immense. We continue to apply Trent’s playbook to the Star business and are witnessing compelling customer traction.”

During Q3, Trent witnessed a faster pace of store additions and now operates with a portfolio of over 850 ‘large-box’ fashion stores. The company now has a presence across 201 cities. During the quarter, Trent opened 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities and consolidated 2 Westside and 4 Zudio stores. As of 31st December, the store portfolio included 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts.

Trent Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 496.54 crore, up 33.97 per cent in comparison to Rs 370.64 crore during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 4,656.56 crore, reporting a growth of 34.33 per cent as against Rs 3,466.62 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 842 crore.

According to a CNBC TV18 poll, Trent was expected to post Q3 profit at Rs 519 crore and revenue for the quarter in review was estimated at Rs 4,680 crore.

BEML announced an interim dividend of Rs 5 per equity share of Rs 10 each (i.e. 50 per cent of paid up share capital) for the financial year 2024-25. “In this connection, the Company had fixed the Record date as 14.02.2025 for payment of said interim dividend to the eligible equity shareholders as on the record date,” it said.

BEML Ltd on Thursday released its fiscal third quarter earnings report with profit at Rs 24.41 crore, recording a drop of 49.36 per cent in comparison to Rs 48.20 crore during the same period of previous financial year. It posted revenue from operations at Rs 875.77 crore, down 16.35 per cent as against Rs 1046.97 crore recorded during the third quarter of FY24. The company EBITDA stood at Rs 60.6 crore, up 8 per cent YoY.

MRF announced that the company board has declared its second interim dividend of Rs 3 per equity share (30 per cent) for the financial year ending 31st March, 2025. “The company has fixed Friday, 14th February, 2025 [14.02.2025], as the record date for the purpose of payment of second interim dividend. The second interim dividend declared will be paid on or after Tuesday, 25th February, 2025 [25.02.2025],” it said.

MRF on Thursday posted a profit of Rs 315.46 crore during the third quarter of FY25, reporting a decline of 38.11 per cent in comparison to Rs 509.71 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 7,000.82 crore, up 13.60 per cent as against Rs 6,162.46 crore during the same period of previous financial year. The company EBITDA stood at Rs 835 crore, down 21 per cent YoY.

The company board has considered and approved the expansion of existing Hosur, Tamil Nadu plant by increase in overall capacity upto 15,000 MT per annum, along with the construction of a new shed for a new paint shop. The total capital expenditure for this new facility is estimated at Rs 65.59 crore (excl. Rs 6.23 crore sustainable Capex).