Q3 Earnings Today: A number of major companies across sectors have released their Q3 results and now the quarter earnings season is coming close to its end. Till now, companies including Reliance Industries Ltd, Nestle India, Vedanta, Zomato, Hyundai Motor, Tata Motors, Maruti Suzuki India, L&T, Paytm, Asian Paints, Titan Company, Adani Enterprises, JK Tyre, Godrej Consumer, 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.
The Q3FY25 revenue growth for India Inc is estimated to have slowed by 80-90 bps year-on-year to 4-6 per cent, stated a report by CRISIL Research. The decline, it said, is due to weaker performance in the construction and industrial commodities sectors, as well as subdued investment-linked segments. However, profitability improved by 4050 bps due to export-linked sectors such as IT services and pharmaceuticals.
Meanwhile, JM Financial said that Q3FY25 is set to be another quarter of modest performance with Nifty50 PAT growth at 5.8 per cent YoY (ex-BFSI, growth is weaker at 2.1 per cent YoY).
Today, companies like Swiggy, Info Edge India, Reliance Power, Zydus Lifesciences, Cummins India, Abbott India, Page Industries, Kansai Nerolac Paints, Gujarat Gas, Welspun Corp, Eveready Industries, Arvind Fashions, Skipper, Mrs Bectors Food Specialities, Symphony, Nilkamal, and others are releasing their Q3 results.
Q3 Results Today: Check Q3 Earnings for Swiggy, Reliance Power, Page Industries, Kansai Nerolac Paints, Arvind Fashions
Kansai Nerolac Paints Q3 Results Live Updates: Anuj Jain on Q3 performance
Anuj Jain, Managing Director, Kansai Nerolac Paints Ltd, said, “The company continued to see good growth in Paint+ products, projects, wood coatings and construction chemicals. Demand in Decorative was impacted due to higher inflation leading to lower spend on discretionary products and tight liquidity. We are seeing a gradual recovery in demand. Automotive growth was better than the market, based on several internal initiatives. Performance coatings registered strong growth due to a good order pipeline. The various strategic initiatives undertaken have led to a better than market performance across all businesses. EBITDA improved during the quarter over the corresponding quarter of the previous year. The improvement was driven by improvement in mix, cost optimization and control on overheads.”
Kansai Nerolac Paints Q3 Results Live Updates: Profit jumps multi-fold to Rs 680.87 crore
Kansai Nerolac Paints Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 680.87 crore, posting a surge of 341.38 per cent in comparison to Rs 154.26 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1921.89 crore, marginally higher than Rs 1918.71 crore reported during the third quarter of previous financial year. The company EBITDA stood at Rs 235 crore, down 3.7 per cent YoY.
Bajaj Electricals Q3 Results Live Updates: Steady growth with improvement in margins, says Prabhudas Lilladher
Prabhudas Lilladher said, “We downward revise Bajaj Electricals FY25/26/27E earnings by 6.8%/4.3%/4.3% factoring soft revenue growth in CP segment and 7% EBITDA margin guidance. CP segment grew 7.5% YoY on account of festive demand (accounted for 81% revenue), which led to strong double-digit growth in Domestic Appliances and Morphy Richards, while Fans & Kitchen Appliances reported flat growth in Q3FY25. Lighting revenue degrew 7.5% due to continuous price erosion. Lighting EBIT declined due to investment in brand-building activities and one-time impact of warranty provision made in Q3FY24. BJE aims to achieve 7% EBITDA margin by FY27 with reduction in logistics costs and improvement in operating leverage. The company indicated that trade is showing signs of recovery with double-digit growth, while we expect the CP segment to log 8.6% CAGR over FY24-27E.”
Redington Q3 Results Live Updates: Appointment of MD and Group CEO
The company, based on the recommendation of the Nomination and Remuneration Committee, unanimously approved the appointment of VS Hariharan as Managing Director and Group Chief Executive Officer of the company for a period of five years from February 5, 2025 to February 4, 2030 (both days inclusive).
VS Hariharan, a seasoned CEO, brings over 30 years of dynamic experience in sales, marketing, and general management. “His successful leadership roles at Hewlett-Packard, where he spearheaded Businesses Globally and in the Asia Pacific region, and at Wipro Infotech, in country sales and product marketing leadership, underline his proven track record in global, regional, and country specific roles,” the company said in a regulatory filing. His academic credentials include an MBA from IIM Bangalore and a B Tech in Mechanical Engineering from IIT Madras.
Redington Q3 Results Live Updates: Profit rises by 15.83% to Rs 402.96 crore
Redington Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 402.96 crore, up 15.83 per cent in comparison to Rs 347.88 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 26,716.08 crore, reporting a growth of 13.66 per cent as against Rs 23,504.97 crore recorded during the third quarter of previous financial year. The company EBITDA stood at Rs 602.4 crore, up 16.5 per cent YoY.
Welspun Q3 Results Live Updates: Sale of shares of Welassure Private Limited
Welspun Corp board approved sale of 1,900 equity shares holding 19 per cent equity stake in Welassure Private Limited to Rakshak Securitas Private Limited which is not a related party.
Welspun Q3 Results Live Updates: Profit jumps by 131.17% to Rs 674.70 crore
Welspun Corp Limited on Wednesday released its fiscal third quarter earnings report with profit at Rs 674.70 crore, posting a jump of 131.17 per cent in comparison to Rs 291.86 crore recorded during the same period of FY24. It posted revenue from operations at Rs 3613.51 crore, down 23.92 per cent as against Rs 4749.71 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 434.4 crore, down 6.1 per cent YoY.
Swiggy Q3 Results Live Updates: Sriharsha Majety on Q3 performance
Sriharsha Majety, MD & Group CEO, Swiggy, said, “We continued our focus on creating segmented offerings for the consumer during the festive quarter, which we believe will open up more consumption occasions. In recent months, we've introduced Bolt and Snacc (10-minute food delivery), expanded into new categories within Quick-Commerce, and plan to offer an even greater assortment. We've also launched Swiggy Scenes focused on restaurant event reservations; and introduced One BLCK, the premium tier of our Swiggy One subscription program. We delivered higher YoY growth across all 3 of our primary businesses during Q3, which accelerated B2C GOV growth to 38% YoY. The secular expansion in Food delivery margins and cash flow generation is balanced by growth investments being made in Quick-commerce including darkstores expansion and marketing, amidst high competitive intensity in the near term. With this thrust, Instamart added another 86 stores in January 2025, and has grown MTUs to 9 million (+2 million).”
Swiggy Q3 Results Live Updates: A recap - Q2 numbers
In December, Swiggy had released its first earnings report after the company got listed on the exchanges on November 13.
Swiggy had posted a loss of Rs 625.53 crore, down from Rs 657.01 crore recorded during the same period of previous financial year. It had posted revenue from operations at Rs 3601.45 crore, reporting a growth of 30.33 per cent as against Rs 2763.33 crore recorded during the second quarter of FY24.
Swiggy on Wednesday released its fiscal third quarter earnings report with a widened loss of Rs 799.08 crore in comparison to a loss of Rs 574.38 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3993.07 crore, up 30.98 per cent as against Rs 3048.69 crore reported during the third quarter of previous financial year. EBITDA loss stood at Rs 725 crore vs loss of Rs 525 crore YoY.
While the quick commerce revenue went up by 114 per cent with EBIT loss at Rs 528 crore, food delivery revenue was up 23.5 per cent with EBIT at Rs 193 crore.
Solar Industries Q3 Results Live Updates: Profit rises by 54.86% to Rs 314.87 crore
Solar Industries India Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 314.87 crore, posting a growth of 54.86 per cent in comparison to Rs 203.33 crore recorded during the same period of previous financial year. It posted revenue from operations at Rs 1973.08 crore, up 38.06 per cent as against Rs 1429.14 crore reported during the same period of FY24. The company EBITDA stood at Rs 527 crore, up 48 per cent YoY.
Nilkamal Q3 Results Live Updates: Profit drops by 26.36% to Rs 21.62 crore
Nilkamal Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 21.62 crore, posting a decline of 26.36 per cent in comparison to Rs 29.36 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 854.28 crore, up 6.33 per cent as against Rs 803.45 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 63.5 crore, down 12.5 per cent YoY.
Page Industries Q3 Results Live Updates: 9MFY25 performance
• Revenue at Rs 3836.80 crore, growth of 7.3% YoY
• EBITDA was Rs 827.30 crore, growth of 19% YoY
• PAT was Rs 565.10 crore, growth of 22.6% YoY
Page Industries Q3 Results Live Updates: Interim dividend declared
The company board of directors declared its third interim dividend 2024-25 of Rs 150 per equity share. The record date fixed for the payment of interim dividend, it said, is 13 February 2025. The date fixed for payment of dividend is on or before 7 March 2025.
Page Industries Q3 Results Live Updates: VS Ganesh on Q3 performance
VS Ganesh, Managing Director, Page Industries Limited, said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines. Our focus on these areas not only strengthens our overall market position but also ensures we remain at the forefront of industry advancements.
Page Industries Q3 Results Live Updates: Profit rises by 34.34% to Rs 204.66 crore
Jockey India licensee Page Industries on Wednesday released its fiscal third quarter earnings report with profit at Rs 204.66 crore, posting a growth of 34.34 per cent in comparison to Rs 152.35 crore during the corresponding quarter of FY24. It posted Q3 revenue from operations at Rs 1313.05 crore, up 7.14 per cent as against Rs 1225.55 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 302.6 crore, up 34 per cent YoY.
Info Edge Q3 Results Live Updates: Employee count
Info Edge said that the employee count as of Dec 31, 2024 was 5,883.
Info Edge Q3 Results Live Updates: Chintan Thakkar on Q3 performance
Chintan Thakkar, Director and Chief Financial Officer, Info Edge, said “With an overall improvement in business performance, we witnessed 20 per cent year-over-year growth in standalone operating profits and 27 per cent year-over-year growth in cash generated from operations. As of December 31, 2024, our cash balance stood at Rs 4,290 crore, highlighting our strong financial position.”
Info Edge Q3 Results Live Updates: Hitesh Oberoi on Q3 performance
Hitesh Oberoi, Managing Director and Chief Executive Officer, Info Edge, said, “In Q3, we achieved 16 per cent billing growth, driven by consistent performance across all four verticals. Our recruitment business continued its growth trajectory across all segments, contributing to improved operating profits. Additionally, the non-recruitment businesses are also nearing breakeven, further strengthening our position for sustained growth.”
Info Edge Q3 Results Live Updates: Stock split in 1:5 ratio
Earlier today, Info Edge had announced that its board of directors has approved a stock split in the ratio of 1:5. This is the first-ever stock split by the company. This means that one equity share of the company, having a face value of Rs 10 apiece, will be split into five equity shares having the face value of Rs 2 each, fully paid-up.
Info Edge Q3 Results Live Updates: Profit surges 141.46% to Rs 288.42 crore
Info Edge (India) Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 288.42 crore, posting a jump of 141.46 per cent in comparison to Rs 119.45 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 722.40 crore, up 15.19 per cent as against Rs 627.12 crore during the third quarter of previous financial year.
Abbott India Q3 Results Live Updates: Profit rises by 16.01% to Rs 360.78 crore
Abbott India Ltd on Wednesday released its fiscal third quarter earnings report with profit at Rs 360.78 crore, up 16.01 per cent in comparison to Rs 310.98 crore during the same period last year. It posted revenue from operations at Rs 1,614.28 crore, reporting a growth of 12.33 per cent as against Rs 1,437.14 crore recorded during the third quarter of FY24. The company EBITDA stood at Rs 436.2 crore, up 12.5 per cent YoY.
Arvind Fashions Q3 Results Live Updates: Shailesh Chaturvedi on Q3 performance
Shailesh Chaturvedi, MD & CEO, said, “AFL delivered yet another quarter of differentiated results despite tepid demand scenario across the industry. Retail LTL of 11 per cent is a clear reflection of our conscious investments in upgrading customer experience and celebrity collab collection, helping deliver 7 per cent revenue growth. Favourable channel mix & lower discounting coupled with cost efficiencies resulted in the highest ever quarterly EBITDA and 71 per cent growth in PAT. Our decisive focus on scaling existing brands is helping us gain market share. Moving forward, we will continue to stay committed to profitable growth & generate higher ROCE.”
Arvind Fashions Q3 Results Live Updates: Profit rises by 58.20% to Rs 47.65 crore
Arvind Fashions Ltd on Wednesday reported a profit of Rs 47.65 crore during the third quarter of FY25, posting a growth of 58.20 per cent in comparison to Rs 30.12 crore during the same period of FY24. It posted revenue from operations at Rs 1,202.76 crore, up 6.91 per cent as against Rs 1,125.05 crore recorded during the third quarter of previous financial year. The company EBITDA was up 15 per cent YoY at Rs 165 crore.
Zydus Lifesciences Q3 Results Live Updates: ‘On track to achieve FY25 goal of double-digit growth’
Dr Sharvil Patel, Managing Director, Zydus Lifesciences Limited, said, “We are pleased with the sustained growth momentum across our key businesses that has driven our Q3 performance. Our robust product portfolio execution in the US, market share gain in focused therapy segments and brands in India, and strategic leveraging of our global portfolio in International Markets position us well for future growth. We are on track to achieve our fiscal year 2025 goal of double-digit growth across our key businesses, coupled with improved profitability. Looking ahead, we are strategically building growth levers to ensure sustained success, with patient centricity and quality at the core of our operations.”
Zydus Lifesciences Q3 Results Live Updates: R&D investment
Zydus Life said that its Research & Development (R&D) investments for the quarter stood at Rs 503.10 crore (9.5% of revenues).
Zydus Lifesciences Q3 Results Live Updates: Profit rises by 29.66% to Rs 1,023.80 crore
Zydus Lifesciences Ltd on Wednesday reported a profit of Rs 1023.80 crore during the third quarter of FY25, posting a growth of 29.66 per cent in comparison to Rs 789.60 crore recorded during the same period of FY24. It posted revenue from operations at Rs 5269.10 crore, up 16.96 per cent as against Rs 4505.20 crore during the third quarter of previous financial year. The company EBITDA was up 26 per cent YoY at Rs 1,387 crore.
Symphony Q3 Results Live Updates: Interim dividend declared
The company declared its third interim dividend of Rs 2 (100 per cent) per equity share having face value of Rs 2 each for the financial year 2024‐25. The said interim dividend shall be payable to the shareholders on or before February 28, 2025, it said.
Symphony Q3 Results Live Updates: Loss at Rs 10 crore, revenue down 2.02% YoY
Symphony Limited on Wednesday released its fiscal third quarter earnings report with a loss of Rs 10 crore in comparison to a profit of Rs 41 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 242 crore, down 2.02 per cent as against Rs 247 crore during the same period of previous financial year. The company EBITDA was down 34 per cent YoY at Rs 29 crore.
Metropolis Healthcare Q3 Results Live Updates: Lower volumes impact performance for the quarter, says Centrum Broking
Centrum Broking said, “METROHL delivered a miss on our estimates in Q3FY25. Overall sales grew 11% YoY to Rs3.2bn. EBITDA grew 11% YoY to Rs720mn with margins remaining flat YoY to ~22%. PAT for the quarter was Rs314mn (+16% YoY). Growth was driven by test volume growth of +11% YoY and a modest 2% YoY growth in revenue per test. Moreover, Tier-3 cities (26% of revenues) posted strong growth of 17% YoY on account of network expansion and continues to be a focus area of expansion. Additionally, Core diagnostics acquisition is expected to be completed by end-Feb’25. Going forward, management expects the EBITDA margins dilution on account of Core acquisition. It also plans for inorganic expansion, particularly in North India. Accordingly, we have reduced our earnings estimates for FY25E/26E/27E by 12% each to factor in lower profitability on account of higher expenses due to network expansion.”