Q4 Results Highlights: Zomato profit jumps by 77.71%; Adani Enterprises profit rises 10X to Rs 4,014.90 crore

- Consolidated Adjusted Revenue grew 60% YoY (8% QoQ) to Rs 6,188 crore.

- Blinkit added (highest-ever) 294 net new stores, and is on track to get to 2,000 stores by Dec-25.

- Food delivery GOV and NOV grew 16% YoY (-1% QoQ) and 14% YoY (-3% QoQ) respectively, while Adjusted EBITDA margin (% of GOV) continued to improve (up ~110bps YoY/ ~10bps QoQ to 4.4% in Q4FY25).

- District app scaling up nicely; one-third of Going-out GOV now from the District app.

NOV of the company’s B2C businesses grew 53% YoY (5% QoQ) to Rs 17,440 crore in Q4FY25. On a like-for-like basis (excluding the impact of the acquisition of Paytm’s entertainment ticketing business), NOV growth was 48% YoY (5% QoQ). Akshant Goyal, CFO of Eternal (formerly Zomato), said, “Our B2B business Hyperpure’s Revenue grew 93% YoY (10% QoQ). Consolidated Adjusted Revenue grew 60% YoY (8% QoQ) to Rs 6,188 crore. On the profitability front, consolidated Adjusted EBITDA declined 15% YoY to Rs 165 crore in Q4FY25, largely on account of the accelerated investments in expanding our quick commerce store network, which was partly offset by the improvement in food delivery Adjusted EBITDA margin (as a % of NOV) to 5.2% from 3.8% a year ago.”

Gautam Adani, Chairman of the Adani Group, said, “At Adani Enterprises, we are building businesses that will define the way forward for India's infrastructure and energy sector. Our robust performance in FY25 is a direct outcome of our strengths in scale, speed and sustainability. Impressive growth across our incubating businesses reflects the power of disciplined execution, future-focused investments and a commitment to operational excellence, innovation and sustainability. As we scale up in energy transition, airports, data centers and mining services, we are creating new market leaders that will drive India's growth story for decades to come.”

The company board has recommended a dividend of Rs 1.30 (@ 130 per cent) per equity share of face value of Re 1 each fully paid up for the Financial Year 2024-25, subject to approval by shareholders of the Company at the ensuing Annual General Meeting (AGM). “...it is hereby informed that the company has fixed Friday, 13th June, 2025 as ‘Record Date’ for the purpose of determining entitlement of the members of the Company to receive Dividend of Rs 1.30 (@ 130 per cent) per equity share having face value of Re 1 each fully paid-up for the financial year 2024-25. The said Dividend, if declared by the shareholders at the ensuing AGM, shall be paid on or after 30th June, 2025, subject to deduction of tax at source as applicable,” the company said in a regulatory filing.

Elara Securities said, “PSYS reiterates there are adequate opportunities available for USD 5bn revenue aspiration as the addressable market is large for its current three verticals. The company, however, did not rule out venturing into new verticals. Management also said it did not want to start as a weak firm in that case; hence, it prefers M&A route to expand into new verticals. Its AI-led offerings continue to find interest in client systems, and it is also helping them to win contracts. We believe near-term headwinds in the healthcare vertical could be drag on revenue aspirations for FY27. We have tweaked our revenues by 2.3% FY27E and expect a 17.7% revenue CAGR during FY25-27E. We introduce FY28 estimates. Cost rationalization will likely help in margin expansion; we assume a 200bp margin expansion during FY25-27E.”

Ashwani Gupta, Whole-time Director & CEO, APSEZ, said, “Our record-breaking performance in FY25—crossing Rs 11,000 Cr in PAT and handling 450 MMT cargo—is a testament to the power of integrated thinking and flawless execution. We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth. From Mundra crossing 200 MMT, to Vizhinjam rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore—every milestone reflects our long-term vision to become the world’s largest ports and logistics platform. With robust fundamentals, industry-leading ESG ratings and an unwavering commitment to excellence, we are well-positioned for even greater strides in FY26.”

Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday released its fiscal fourth quarter earnings with profit at Rs 3,014.22 crore, reporting a growth of 47.78 per cent in comparison to Rs 2,039.66 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 8,488.44 crore, up 23.08 per cent as against Rs 6,896.50 crore recorded during the fourth quarter of previous financial year.

UltraTech Cement expects to incur ~Rs 90–100 bn capex in FY26, which shall increase its capacity from ~183mtpa at the end of FY25 to ~211mtpa by FY27E. Renewable power capacity reached 1.02GW, whereas WHRS capacity stood at 351MW. Green power mix was 35.7% with the target to reach 60% by FY27E and 85% by FY30E.

NII remained healthy, growing +22% YoY / +5% QoQ, although NIM declined by 9bps QoQ to 9.6% as the company re-priced select unsecured loan segments. CoFs improved, declining by 22bps QoQ (calc.) to 7.35%, with mgmt. guiding for a further ~10–15bps reduction in FY26. Other income, JM Financial said, declined sequentially by 8%, primarily due to a moderation in fee income following the discontinuation of the co-branded credit card business. “However, mgmt. expects fee income to grow by 13–15% in FY26, supported by continued customer additions and cross-sell momentum. We expect AUM CAGR of 24% during FY25-27E (vs 30% during FY23-25E) with avg. RoA/RoE of 4%/20% during FY26/27E. We like BAF given its ability to navigate across cycles. Though, given expected moderation in growth/RoE profile, current valuation of ~4.0/21xFY27BVPS/EPS looks rich and provide limited upside in near term,” the brokerage firm said.

Steel production: 8.12 mt

Steel sales: 7.97 mt

Gross Revenue: Rs 58,044 crore

Adjusted EBITDA: Rs 9,570 crore

Adjusted PAT: Rs 4,248 crore

Jindal Steel & Power Ltd released its fiscal fourth quarter earnings report with a loss of Rs 303.59 crore in comparison to a profit of Rs 933.46 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 13,183.13 crore, down 2.25 per cent as against Rs 13,486.96 crore recorded during the fourth quarter of previous financial year. The company EBITDA stood at Rs 2,270.7 crore, down 7.1 per cent on-year. The company reported an exceptional loss of Rs 1,229.5 crore.

Today, companies including Adani Enterprises, Adani Ports and Special Economic Zone, Railtel Corporation of India, Zomato, Sportking India, Madhav Infra Projects, Dr Lalchandani Labs, and a few others are lined up to release their Q4 results.