Q3 Earnings Today: With a number of companies already having released their Q3 numbers, the fiscal third quarter earnings season is now in full swing and is coming to its end soon. Till date, majors like Reliance Industries Ltd, Swiggy, ITC, Bharti Airtel, SBI, Nestle India, Vedanta, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Asian Paints, Adani Enterprises, JK Tyre, HUL, HDFC Bank, BPCL, HPCL, ONGC, UltraTech Cement, and all of IT majors like TCS, HCL Tech, Infosys, Tech Mahindra, Wipro, and many others have released their quarter results.
Per a CRISIL report, the third quarter is expected to record a revenue growth slowdown of 80-90 bps on-year to 4-6 per cent, due to weaker performance in the construction and industrial commodities sectors, as well as subdued investment-linked segments. Today, after the three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting, the cntral bank Governor Sanjay Malhotra said, “Early corporate results for Q3 indicate 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.” Further, the Union Budget 2025 too had announced reform policies directed towards consumption boost, which may help recovery for India Inc, going forward.
Today, majors like Life Insurance Corporation of India, Mahindra and Mahindra, SML Isuzu, Inox India, Delhivery, 3M India, Fortis Healthcare, Shipping Corporation of India, NHPC, Oil India, Edelweiss Financial Services, Borosil, Balrampur Chini Mills, Alkem Laboratories, Happy Forgings, Gujarat State Petronet, and others are releasing their Q3 results.
Q3 Results Today: Check Q3 Earnings for LIC, M&M, SML Isuzu, Ola, Fortis Healthcare
LIC Q3 Results Live Updates: Siddhartha Mohanty on Q3 performance
Siddhartha Mohanty, CEO & MD, LIC, said, “Our focus and strategy remains consistent towards changing our product and channel mix to serve the needs of our customers, in a dynamic environment. For the nine months period ended December 31st 2024, the Non Par share within the individual business increased to 27.68%, on an APE basis, as compared to 14.04% for the same period last year. Further, the VNB margin has also improved to 17.1% for the nine months period ended December 31st 2024, as compared to 16.6% for the same period last year. LIC continues to be committed to serving the society through higher insurance coverage in the country.”
LIC Q3 Results Live Updates: Policies sold during 9MFY25
A total of 1,17,10,505 policies were sold in the individual segment during the nine months period ended December 31st, 2024 as compared to 1,25,56,046 policies sold during the nine months period ended December 31st, 2023, registering a decrease of 6.73%.
Life Insurance Corporation of India (LIC) on Friday released its fiscal third quarter earnings report with profit at Rs 11,008.65 crore, posting a growth of 16.26 per cent in comparison to Rs 9,468.99 crore recorded during the corresponding quarter of FY24. Net premium income during the quarter came in at Rs 1,07,302.30 crore, posting a drop of 8.63 per cent in comparison to a net premium of Rs 1,17,431.94 crore recorded during the third quarter of previous financial year.
Delhivery Q3 Results Live Updates: Sahil Barua on Q3 performance
Sahil Barua, MD & Chief Executive Officer, Delhivery, said, “Profitability continued in Q3 despite broader industry headwinds and December has been our highest volume month in PTL thus far post integration of Spoton, which has continued into January as well. On the back of growing revenues, rising profitability and a high quality network, we continue to strengthen our competitive position in the industry.”
Delhivery Q3 Results Live Updates: Profit jumps by 113.41% to Rs 24.99 crore
Delhivery Ltd on Friday released its fiscal third quarter earnings report with profit at Rs 24.99 crore, posting a jump of 113.41 per cent in comparison to Rs 11.71 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2378.30 crore, up 8.38 per cent as against Rs 2194.47 crore recorded during the third quarter of previous fiscal year. The company EBITDA stood at Rs 102.4 crore, down 6.2 per cent YoY.
Honeywell Automation Q3 Results Live Updates: Profit rises by 3.28% to Rs 132.10 crore
Honeywell Automation India Ltd on Friday released its fiscal third quarter earnings report with a profit of Rs 132.10 crore, posting a growth of 3.28 per cent in comparison to Rs 127.90 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1090.80 crore, up 1.85 per cent as against Rs 1071.00 crore reported during the same period of previous financial year. The company EBITDA stood at Rs 142 crore, down 11.6 per cent YoY.
Happy Forgings Q3 Results Live Updates: Profit rises by 11.49% to Rs 64.55 crore
Happy Forgings Ltd on Friday released its fiscal third quarter earnings report with a profit of Rs 64.55 crore, posting a growth of 11.49 per cent in comparison to Rs 57.90 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 354.32 crore, up 3.61 per cent as against Rs 341.99 crore reported during the third quarter of previous financi year.
Borosil Q3 Results Live Updates: Profit drops by 4.88% to Rs 35.48 crore
Borosil Ltd on Friday released its fiscal third quarter earnings report with a profit of Rs 35.48 crore, down 4.88 per cent in comparison to Rs 37.30 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 338.10 crore, reporting a growth of 11.30 per cent as against Rs 303.76 crore recorded during the third quarter of previous financial year. The company EBITDA was down 6.4 per cent at Rs 54.3 crore.
Mazagon Dock Q3 Results Live Updates: Profit rises by 28.76% to Rs 807.04 crore
Mazagon Dock Shipbuilders Ltd on Friday posted a profit of Rs 807.04 crore for the third quarter of FY25, reporting a growth of 28.76 per cent in comparison to Rs 626.78 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3143.62 crore, up 33.06 per cent as against Rs 2362.47 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 817 core, up 51.4 per cent YoY.
Lemon Tree Hotels Q3 Results Live Updates: Occupancy scale-up driving margin, says Elara Securities
Elara Securities said, “Lemon Tree Hotels reported a healthy set of results with top-line growth coming in line with our estimates, but EBITDA was 7% higher than our estimates, due to higher-than-expected operating leverage benefits. Occupancy at 74.2% was higher than expected and driven by occupancy ramp-up across brands, especially Aurika, up 2,935bp at 71%. Average room rate (ARR) growth of 6.8% YoY was driven by Lemon Tree Premier and Lemon Tree Hotels portfolio while Aurika was a drag. We prefer Lemon Tree as it is the best play on growing demand in the mid-market hotel space.”
Mazagon Dock Q3 Results Live Updates: Profit rises by 28.76% to Rs 807.04 crore
Mazagon Dock Shipbuilders Ltd on Friday posted a profit of Rs 807.04 crore for the third quarter of FY25, reporting a growth of 28.76 per cent in comparison to Rs 626.78 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3143.62 crore, up 33.06 per cent as against Rs 2362.47 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 817 core, up 51.4 per cent YoY.
Balrampur Chini Q3 Results Live Updates: Profit drops by 22.84% to Rs 70.47 crore
Balrampur Chini Mills Ltd on Friday posted a profit of Rs 70.47 crore for the third quarter of FY25, reporting a decline of 22.84 per cent in comparison to Rs 91.33 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1192.15 crore during the quarter in review, down 3.11 per cent as against Rs 1230.39 crore during the same period of previous financial year. The company EBITDA stood at Rs 123.6 crore, up 9 per cent YoY.
Century Ply Q3 Results Live Updates: Profit drops by 7.31% to Rs 58.45 crore
Century Plyboards on Friday released its fiscal third quarter earnings report with a profit of Rs 58.45 crore, posting a decline of 7.31 per cent in comparison to Rs 63.06 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1140.47 crore, up 21.66 per cent as against Rs 937.40 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 129.5 crore, up 22 per cent YoY.
Star Cement Q3 Results Live Updates: Weak results owing to lower realizations and higher cost, says Centrum Broking
Centrum Broking said, “Star Cement reported weak Q3 numbers due to higher costs and lower realizations. STRCEM’s recently commissioned 3.3mn mt kiln at Lumshong is still facing stabilization issues. Consequently, overall production is still lower and costs higher. While the demand and pricing environment in North East remains robust, the company’s profitability and growth outside NE remains weak. We are building in 13%/18% Revenue/EBITDA CAGR for STRCEM over FY24-FY27E and value it at 9x FY27E EV/EBITDA to arrive at our target price of Rs211 (unchanged).”
Alkem Labs Q3 Results Live Updates: Acquisition announcement
Alkem Laboratories said that its wholly owned subsidiary, Alkem Medtech Private Limited, intends to acquire 100% stake of Bombay Ortho Industries Private Limited. “The said acquisition is proposed to be effected through a share purchase agreement to be executed between the parties and is to be completed on or before June 30, 2025 or such other date as may be mutually agreed between the parties, subject to customary conditions to closing,” it said.
Alkem Labs Q3 Results Live Updates: Key highlights for Q3
• International sales were Rs 960.50 crore, with YoY de-growth of 6.2%.
• Overall contribution of US sales to total sales was 19.1% in Q3FY25.
• Other International Market sales contributed 9.8% to total sales in Q3FY25.
• During the quarter, the Company has received two approvals from the USFDA, including one tentative approval.
Alkem Labs Q3 Results Live Updates: Dr Vikas Gupta on Q3 performance
Dr Vikas Gupta, CEO of Alkem, said, “We are pleased to share that the actions we have taken to improve profitability continue to deliver positive results. By concentrating on higher-margin offerings, better aligning with market needs, and implementing cost-saving strategies to reduce inefficiencies, we are seeing growth in our EBITDA margins. Within the domestic market, our focus is on expanding the presence of our flagship brands and strategically enhancing our portfolio. Looking ahead, we are confident that these initiatives will continue to drive sustainable growth and strengthen our market position.”
Alkem Labs Q3 Results Live Updates: R&D expenses
Alkem Laboratories said that R&D expenses for the quarter stood at Rs 131.20 crore, or 3.9% of total revenue from operations, compared to Rs 111.10 crore in Q3FY24 at 3.3% of total revenue from operations.
Alkem Labs Q3 Results Live Updates: Interim dividend declared
The company board declared an interim dividend of Rs 37 per equity share on the face value of Rs 2 per share for financial year 2024-2025. The date of payment of Interim Dividend shall be on and from 28th February, 2025. “Further as informed vide our letter dated 28th January, 2025, submitted to the Stock Exchanges pursuant to Regulation 42 of SEBI LODR Regulations, the record date for the purpose of payment of Interim Dividend for financial year 2024-2025 would be Friday, 14th February 2025,” it said in a regulatory filing.
Alkem Labs Q3 Results Live Updates: Profit rises by 5.19% to Rs 625.82 crore
Alkem Laboratories Ltd on Friday released its fiscal third quarter earnings report with a loss of Rs 625.82 crore, reporting a growth of 5.19 per cent in comparison to Rs 594.96 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3374.28 crore, up 1.52 per cent as against Rs 3323.87 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 759 crore, up 7.4 per cent YoY.
M&M Q3 Results Live Updates: ‘Q3 results reflect strong performance across multiple businesses’
Amarjyoti Barua, Group Chief Financial Officer, M&M Ltd, said, “Our Q3 consolidated results reflect strong performance across multiple businesses despite global headwinds. Our operating businesses remain laser focused on execution and we remain committed to disciplined capital allocation to drive long term shareholder value creation
M&M Q3 Results Live Updates: Rajesh Jejurikar on Q3 performance
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M Ltd, said, “The launch of our flagship Electric Origin SUVs, the BE 6 and XEV 9e set a new benchmark in global innovation. Thar ROXX won the Indian Car of the Year (ICOTY) as well as Autocar car of the year. In Q3 F25, we were No. 1 in SUV revenue market share with 200 bps YoY increase. LCV < 3.5T volume market share is at 51.9%, a gain of 230 bps. The Auto segment PBIT is up by 120 bps YoY. We achieved the highest ever Q3 tractor market share at 44.2%, gain of 240 bps YoY, and farm PBIT is up by 260 bps YoY.”
M&M Q3 Results Live Updates: Dr Anish Shah on Q3 performance
Dr Anish Shah, Managing Director & CEO, M&M Ltd, said, “Our businesses continue to demonstrate strength in execution. Auto and Farm delivered solid performance on market share and margins, on the back of focused execution. The transformation at TechM is gathering momentum. MMFSL continues to balance asset quality and growth priorities, with GS under 4% on the back of strong AUM growth. Our Growth Gems are demonstrating steady progress towards their long-term objectives.”
Ola Electric Q3 Results Live Updates: Gross margin expected at 26% in January
Ola Electric said, “October saw strong performance fueled by festival sales, however the overall quarter was weak due to high competitive intensity and service challenges. We’ve fixed the service issues and with our network expansion, turned the tide on market share and margins. In January, we’re back to market leadership with an expected gross margin of approx 26%, up from 20.4% in Q3FY25.
Ola Electric Q3 Results Live Updates: Service & Distribution Scale-Up
• Ola Electric has expanded to 4,000+ touchpoints.
• Service turnaround time (TAT) reduced to 1.1 days (vs. 2.5 days in Sep’24), backed by investments in service infrastructure across people, processes and technology.
Ola Electric Q3 Results Live Updates: Continued EV growth
Ola Electric said that Q3FY25 recorded the highest-ever e2W registrations at 333K, up 15.9% QoQ and 37.5% YoY, which is a strong indicator of growing consumer preference for EVs. “Increased competitive intensity further enables faster EV penetration in the 2W market,” it said.
Ola Electric Mobility Ltd on Friday released its fiscal third quarter earnings report with a loss of Rs 564 crore, rising further up from a loss of Rs 376 crore incurred during the third quarter of previous financial year. It posted revenue from operations at Rs 1,045 crore, down 19.37 per cent as against Rs 1,296 crore recorded during the same period of FY24. The company posted EBITDA loss at Rs 460 crore.
M&M Q3 Results Live Updates: Key Highlights
• #1 in SUVs with revenue market share at 23%, up 200 bps, SUV volumes up 20% in Q3
• #1 in LCVs <3.5T: market share at 51.9%, up 230 bps
• #1 in Tractors: market share at 44.2%, up 240 bps
• #1 in electric 3 wheelers: market share at 41.8%
• MMFSL AUM up 19%; GS3 at 3.9%, within defined range
Mahindra & Mahindra Ltd on Friday released its fiscal third quarter earnings report with profit at Rs 3,180.58 crore, up 19.64 per cent in comparison to Rs 2,658.40 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 41,464.98 crore, reporting a growth of 17.74 per cent as against Rs 35,218.32 crore recorded during the third quarter of previous financial year.
Mahindra & Mahindra said that the company reported strong operating performance across businesses in Q3FY25. “Auto and Farm continue to deliver on growth and margins with profits up 16 per cent. Financial services AUM grew at 19 per cent. TechM achieved good traction in deal wins and saw EBIT improvement of 480 bps,” it said.
Q3 Results Live Updates: M&M to release Q3 results today
With Mahindra & Mahindra (M&M) all set to release its Q3 results today, Yes Securities said that the company’s overall volumes grew 13.2% QoQ (+17.3% YoY), wherein tractors volume grew by 30.4% QoQ (+19.8% YoY). Tractor contribution in volumes at 33.2% in Q3FY25 (v/s 28.8% in 2QFY25) whereas UV contribution in volumes declined to 59.6% in Q3FY25 (v/s 61.1% in 2QFY25). “We expect MM’s revenues to grow 19.6% YoY (+9.8% QoQ) at ~Rs 302.6b while we expect ASP of Rs 823.8k/unit (+2% YoY/-3% QoQ). We expect EBITDA margins at 14.6% (+180bp YoY/+30bp QoQ). Adj. PAT to grow by 23.2% YoY (-21.3% QoQ) at Rs 30.2b.”
According to a CNBC TV18 poll, M&M is expected to post Q3 profit at Rs 3177 crore and revenue for the quarter in review is estimated at Rs 30,581 crore.