Q3 Results: UltraTech profit up 16.98%, Adani Green profit surges 85.16%; others releasing Q3 results today

UltraTech Cement is all set to release its third quarter earnings report today (January 23). According to a CNBC TV18 poll, Ultratech Cement is expected to post profit for the third quarter of FY25 at Rs 1,295 crore and revenue for the period is estimated at Rs 17,025 crore. EBITDA for the period, meanwhile, is projected at Rs 2,782 crore.

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Axis Securities said, “Demand conditions remained weak, with urban growth continuing to remain weak while rural areas continue to recover. Sales grew by 2% (volume flat), led by a price hike. The increased salience of smaller SKUs and the higher salience of premium products impact the overall volume growth. Prices of key raw materials such as palm oil and tea remained elevated, leading to a decline in gross margins. Meanwhile, management reiterated that a low single-digit price hike may be considered if commodity prices stabilise at the current level. The management has guided EBITDA margins to remain at the lower end of the 23-24% range.”

An analysis report by JM Financial said, “Persistent Systems reported a well-rounded performance in Q3. Revenues grew 4.6% cc QoQ which, adjusted for in-organic contribution (35bps), met expectations (JMFe: 4.3%). Importantly, the fact that this came on the back of two strong quarters meant YoY growth improved to 20%, a seven quarter high. If Persistent Systems’ FY27 revenue aspiration of USD 2bn (which they are confident of achieving) is anything to go by, this momentum could sustain. One might point at slower ACV growth (LTM ACV up 11% YoY) to argue otherwise. Though a valid concern, PSYS’ USD 3.8bn of TCV over the past two years means its order backlog has improved considerably, lending visibility. Margin view, on the other hand, is firmer now. This sets Persistent Systems up well for a strong FY25 exit margin and hence healthy expansion in FY26, supporting earnings growth.”

Coforge announced that the company board has declared a third interim dividend of Rs 19 per Equity Share of the company having face value of Rs 10 each fully paid-up, for the financial year 2024-25. In a regulatory filing, the company said, “Further in terms of Regulation 42 of the SEBI Listing Regulations, as amended, the Board has fixed January 30, 2025 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders for payment of third interim dividend. The payment of interim dividend would be done within 30 days from the date of declaration of dividend.”

Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd, said, “A 8.4% sequential cc growth, a 40.3% cc YoY growth in a seasonally weak quarter, four large deals in that same quarter, a concurrent and material sequential expansion of 122 bps in margins, a Cigniti business that has already touched an EBITDA margin of 17.3%, a large deals pipeline that is looking very robust and finally an ever strengthening next twelve month signed order book which now is 40% higher YoY gives us confidence that the coming year shall once again see robust and sustained growth.”

● Order Intake: $ 501 million – second consecutive quarter of US$ 500+ million order intake

● Sustained Large Deal Momentum: Four large deals signed in Q3 across North America and ASEAN

● Headcount: 33,094; net addition of 611 sequentially. Headcount has increased 16% organically since the beginning of the year

● Broad based growth across Americas (69.2%), EMEA (20.5%) and RoW (3.3%) YoY

● Cigniti business delivered 3.5% cc QoQ growth; EBITDA margin improved to 17.3%; up from 11% in Q4 FY24

Coforge Ltd on Thursday released its fiscal third quarter earnings with profit at Rs 255.90 crore, posting a growth of 5.40 per cent in comparison to Rs 242.80 crore recorded during the third quarter of FY24. It posted revenue from operations at Rs 3318.20 crore, up 42.82 per cent as against Rs 2323.30 crore recorded during the corresponding quarter of previous financial year. The company EBITDA stood at Rs 519 crore, up 29.3 per cent YoY.

JM Financial said, “Key negative was flat UVG (on low base) impacted by weaker mix – a function of higher growth in smaller packs (downtrading & slowdown in urban) and Home Care business (which has lower realisation/tonne). Near term outlook remains challenging – Urban slowdown & weaker mix likely to continue. Although mgmt. believes the latter is more transient in nature and doesn’t expect trends to worsen from current levels. Pace of recovery will be contingent on how macro factors (food inflation, real wage growth, etc.) shape up. Hopes are pinned on likely better kharif output & a recent moderation in key inputs (palm oil/tea). EBITDA margin delivery was inline, although near term expectation has been moderated (lower end of 23-24% vs earlier guidance of 23-24%).”

It further added, “Acquisition of Minimalist is inline with their intent to accelerate premiumisation in B&W portfolio. Key challenge in our view is to revive growth in Soaps, mass Skin Care and F&R, where USG has been declining. Interventions have been made (in terms of new formulation/price architecture change, etc.) & pace of recovery here will be key for sales growth to revert to high single digit trajectory (vs low-single-digit growth seen in FY24/9MFY25).”

Today, majors including UltraTech Cement, Adani Green Energy Limited, Hindustan Petroleum Corporation, Dr Reddy’s Laboratories, Adani Energy Solutions, United Spirits, V2 Retail, Thyrocare Technologies, Mankind Pharma, Mphasis, Syngene International, Suryoday Small Finance Bank, Zee Entertainment Enterprises, Ujjivan Small Finance Bank, Nippon Life India Asset Management, KFin Technologies, LKP Securities, Indian Energy Exchange, among a few others are queued up to release their results for the third quarter of the financial year.

Good Morning! We, at FinancialExpress.com, are continuously bringing to you all the updates on the fiscal third quarter performance by companies across sectors. Going forward as well, we will continue to bring to you the Q3 numbers and will also analyse these numbers to get a picture on future growth outlook. Stay tuned.