Q3 Results 2025 Highlights: TVS Motor, Piramal Pharma, JSW Energy, Hindustan Zinc, Hyundai, Cipla, others releasing Q3 results today

Hindustan Zinc Ltd on Tuesday posted consolidated profit for the third quarter of FY25 at Rs 2,678 crore, reporting a growth of 32.05 per cent in comparison to Rs 2,028 crore during the third quarter of previous financial year, surpassing estimates. It posted revenue from operations at Rs 8,315 crore, up 17.66 per cent as against Rs 7,067 crore during the corresponding quarter of FY24. The company EBITDA stood at Rs 4,499 crore.

According to a CNBC TV18 poll, Hindustan Zinc was expected to post Q3 profit at Rs 2,479 crore and revenue for the quarter was estimated at Rs 8,390 crore.

The company declared its third interim dividend for the Financial Year 2024-25 at the rate of Rs 1.90 per share (19.00 per cent of paid-up share capital) of the company. Further, the record date set for the purpose of payment of third interim dividend for Financial Year 2024-25 is Saturday, February 01, 2025.

RITES Ltd on Tuesday posted profit for the third quarter of FY25 at Rs 109.39 crore, down 15.06 per cent in comparison to Rs 128.78 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 575.76 crore, 15.69 per cent as against Rs 682.89 crore during the third quarter of previous financial year. The company EBITDA stood at Rs 117.4 crore, down 30.5 per cent YoY.

TVS Motor said that the overall two-wheeler and three-wheeler sales including exports grew by 10 per cent registering 12.12 lakh units during Q3FY25 as against 11.01 lakh units in the quarter ended December 2023. Motorcycle sales grew by 6 per cent registering 5.56 lakh units in the Q3FY25 as against 5.23 lakh units in Q3FY24. Scooter sales for the quarter in review grew by 22 per cent at 4.93 lakh units as against 4.04 lakh units YoY. Three-wheeler sales for the quarter under review is at 0.29 lakh units as against 0.38 lakh units during third quarter of 2023-24. Electric Scooter sales for the quarter ended December 2024 grew by 57 per cent at 0.76 lakh units as against 0.48 lakh units in the quarter ended December 2023.

TVS Motor Company Ltd on Tuesday released its fiscal third quarter earnings report with consolidated profit at Rs 609.35 crore, posting a growth of 19.57 per cent in comparison to Rs 509.61 crore during the third quarter of FY24, missing estimates. It posted revenue from operations at Rs 11,134.63 crore, up 10.09 per cent as against Rs 10,113.94 crore during the same period of previous financial year.

According to a CNBC TV18 poll, TVS Motor Company was expected to post Q3 profit at Rs 657 crore and revenue for the quarter in review was estimated at Rs 9,135 crore.

Kushal N Desai, Chairman & MD, Apar Industries, said, “We have delivered yet another quarter of healthy revenue growth. We continue to lead the way in our premium businesses with continued focus on innovation and customer centric approach. We remain optimistic that the domestic growth trajectory will remain unwavering led by continued infrastructure capex spend. Headwinds we faced for export business are expected to reduce gradually. On the margins front, we have seen a drop in this quarter due to unfavourable competitive prices from China and lower demand from exports. We are hopeful that export demand will improve. Freight costs have started to soften which should help reduce landed costs. However, on the back of our strong foothold around energy infrastructure space we remain confident and resolute in delivering long -term value accretion to our stakeholders.”

Apar Industries Ltd on Tuesday released its fiscal third quarter earnings report with profit at Rs 174.92 crore, down 19.60 per cent in comparison to Rs 217.57 crore during the third quarter of previous financial year. It posted revenue from operations at Rs 4,716.42 crore, up 17.66 per cent as against Rs 4,008.53 crore during the same period of FY24. The company EBITDA stood at Rs 355.4 crore, up 12 per cent YoY.

IIFL Capital Services Ltd on Tuesday announced that the company has rescheduled its board meeting to consider Q3 results due to certain exigencies. In a regulatory filing, the company said, “It may please be noted that due to certain exigencies, the meeting of the Board of Directors is now re-scheduled. The date of the meeting of Board of Directors to consider and approve, inter alia: (a) Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2024 pursuant to SEBI Listing Regulations; (b) Declaration of interim dividend for the financial year 2024-2025, if any and fixation of record date relating thereto; will be informed in due course.”

JM Financial said that Cipla is expected to post US sales at $230 million, driven by the US flu season, however Lanreotide supply challenge is likely to impact performance. Cipla is slated to announce its fiscal third quarter results today.

According to a CNBC TV18 poll, Cipla is expected to post Q3 profit at Rs 1175 crore and revenue for the quarter is estimated at Rs 6870.3 crore. Per the poll, Cipla’s US sales are expected to be impacted by decline in Lanreotide sales owing to supply challenges. The company may see 7 per cent growth for India business on high respiratory base and gradual recovery, it said.

JM Financial said, “DLF Limited (DLF) reported strong pre-sales of Rs 120.9bn (up 34% YoY), which came way above our estimates of Rs 75bn, led by record performance of its new launch (Dahlias) at DLF Phase V. Collections (including rentals) were strong at 31.2bn (+24% YoY; +31% QoQ), which led to healthy operating cash flows of Rs 18.5bn, strengthening the net cash position at the DevCo to Rs 45.3bn. With this successful launch, sales for 9MFY25 stand at Rs 191.9bn v/s the annual guidance of Rs 170bn. The launch pipeline beyond FY25 has also been revised upwards to Rs 704bn (from 635bn earlier) as area also increased by c.3.0msf. DCCDL recorded stable occupancy at 93% and rental income/EBITDA both grew 10% YoY in 3QFY25. DLF with its steady annuity cash flows and fully paid-up land banks remains extremely well placed to scale up across segments and newer geographies.”

InCred Equities said, “JK Cement or JKCE’s Q3FY25 grey cement volume grew by ~4% yoy to 4.87mt as volume increased in the central India region due to expansion and with no plant shutdown impacting operations. JKCE’s growth is above that of the industry in central India while in line with the industry in the northern region. Improving prices and rising premium product sales (~16%) improved grey cement realization by ~1% qoq in Q3. White cement realization also showed an improvement as the performance in Fujairah recovered. Currently, northern & central region prices are up marginally vs. Q3 average prices, as per management. JKCE expects to grow by 7-8% in 4QFY25F and by at least 10% in FY26F.”

JM Financial said, “NTPC reported just 2% growth in generation as was expected due to moderate energy/ peak power demand during 3QFY25. The thermal PLF remained flat at 75.98% vs. 75.95% in Q3FY24. Hence overall performance during Q3FY25 is soft with revenue of INR 450bn, 5%/ 0%/ -3% YoY/ JMFe/ Cons. The EBITDA came in at Rs 137bn, 20%/ 14%/ 25% YoY/ JMFe/ Cons driven by lower other expenses (-21% YoY). Adj. PAT for the quarter was Rs 52bn, – 1%/ +4%/ +1% YoY/ JMFe/ Cons. RE capacity addition too remained below expectations (640 MW during 9MFY25); however management continues to maintain its guidance of 3/5/8 GW RE addition for FY25 / FY26 / FY27. The ordering for thermal projects is progressing; however with bunching of projects we remain cautious on capacity addition in FY25 and FY26.”

Today, companies across sectors including TVS Motor Company, TVS Holdings, V-Guard Industries, UTI Asset Management Company, TTK Prestige, VIP Industries, TCI Express, SBI Cards & Payment Services, Suzlon Energy, Piramal Pharma, Novartis India, Modi Naturals, JSW Energy, JSW Infrastructure, Mahindra & Mahindra Financial Services, Mahanagar Gas, Jubilant Ingrevia, JM Financial, Kaya, Hindustan Zinc, Hyundai Motor India, GMR Airports, Colgate Palmolive (India), Exide Industries, Great Eastern Shipping Company, Bajaj Auto, Cipla, Bosch, Bharat Heavy Electricals, Arvind, and others will release their Q3 results.

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