Q3 Results Today Live: Cyient tumbles 20%, Dr Reddy’s, Spandana Sphoorty, Adani Energy Solutions, Granules India decline; IndiGo gaines ahead of Q3 results

Andhra Cements recorded a net loss of ₹43.73 crore in the quarter ended December 2024 as against ₹21.19 crore in the corresponding quarter previous year.

Shares down 1.35% on the NSE to ₹72.18

Jindal Saw recorded its consolidated net profit for the quarter ended December 2024 at ₹479.38 crore as against ₹512.43 crore in the corresponding quarter previous year. 

Shares traded at ₹248.10 on the NSE, down 2.74%.

TTK Healthcare recorded its consolidated net profit for the quarter ended December 2024 at ₹16.73 crore as against ₹12.89 crore in the corresponding quarter previous year.

Shares soared 6.50% on the NSE to ₹1,387.

Granules India reported a consolidated net profit of ₹117.6 crore for the quarter ended December 2024 as against the profit of ₹125.6 crore in the corresponding quarter previous year.

Shares traded at ₹584.95 on the NSE, lower by 2.44%

Shree Digvijay Cement Co.Ltd’s reported a consolidated net loss of ₹4.84 crore for the quarter ended December 2024 as against the profit of ₹31.40 crore in the corresponding quarter previous year.

Shares declined 5.52% on the NSE to ₹73.09

Arkade Developers reported its consolidated net profit for the quarter ended December 2024 at ₹50.08 crore as against ₹48.87 crore in the corresponding quarter previous year.

Shares gain 2.52% on the NSE to ₹167.50

Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Friday climbed nearly 5 per cent after the firm reported more than tripling of its December quarter net profit as marketing margins soared.

The stock jumped 4.91 per cent to Rs 380 on the BSE.

At the NSE, it surged 4.92 per cent to Rs 379.95.

Consolidated net profit for the third quarter (October-December 2024) of FY25 stood at Rs 2,543.65 crore, a rise from Rs 712.84 crore during the same period last year, according to a stock exchange filing of the company.

Profit was also up quarter-on-quarter when compared with Rs 142.67 crore earning in July-September 2024.

Pre-tax earnings from downstream fuel retailing business jumped to Rs 4,566.07 crore in the third quarter from Rs 981.02 crore a year back and Rs 1,285.96 crore in the preceding quarter.

Income from operations was almost unchanged at Rs 1.18 lakh crore, according to the HPCL filing.

PTI

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Spandana Sphoorty shares hit lower circuit after it reported a net loss of ₹394 crore for the quarter ended December 2024 as compared to a profit of ₹118.27 crore in the corresponding quarter previous year.

The company recorded a widened consolidated net loss of ₹440.19 crore in the quarter ended December 2024 as against net profit of ₹127.40 crore in the corresponding quarter previous year. 

The board has approved raising of funds through qualified institutional placement (QIP) for an aggregate amount not exceeding ₹750 crore.

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Greaves Cotton Limited reported a robust financial performance for the third quarter of fiscal year 2025, with consolidated revenue rising 13 per cent year-on-year to ₹751 crore. The company’s standalone revenue reached ₹502 crore, driven by strong growth in its Engineering and Retail segments, which both expanded by 14 per cent and 13 per cent, respectively.

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MphasiS shares gained 4.49% on the NSE to ₹3,050, post Q3 results. Its consolidated profit after tax rose 14.5 per cent to ₹427.8 crore for the quarter ended December 2024 as against ₹373.6 crore in the corresponding quarter previous year.

BEML Land Assets’ consolidated net loss for the quarter ended December 2024 declined to ₹44.02 lakh from ₹55.87 lakh in the corresponding quarter previous year.

Shares traded at ₹220.46 on the NSE, down 1.33%

V2 Retail: Net profit at Rs 50.9 cr vs Rs 24.1 cr, Revenue at Rs. 590 cr vs Rs 374 cr (YoY) (Positive) 

IEX: Net profit at Rs 107.3 cr vs Rs 91.8 cr, Revenue at Rs. 132 cr vs Rs 115.3 cr (YoY) (Positive) 

Thyrocare: Net profit at Rs 19 cr vs Rs 14.7 cr, Revenue at Rs. 166 cr vs Rs 134 cr (YoY) (Positive) 

MPS Ltd: Net profit at Rs 40.7 cr vs Rs 29.7 cr, Revenue at Rs. 186 cr vs Rs 133 cr (YoY) (Positive) 

Indus Tower: Net Profit at Rs 4,003.2 Cr Vs Rs 1,540.5 Cr, Revenue at Rs 7,547.4 Cr Vs Rs 7,199 Cr (YoY) (Positive) 

SG Mart: Net profit at Rs 28 cr vs Rs 17 cr, Revenue at Rs. 1345 cr vs Rs 748 cr (YoY) (Positive) 

Sona BLW: Net profit at Rs 151 cr vs Rs 133 cr, Revenue at Rs. 868 cr vs Rs 782 cr (YoY) (Positive) 

EFC: Net profit at Rs 37.9 cr vs Rs 16.5 cr, Revenue at Rs. 177 cr vs Rs 172 cr (YoY) (Positive) 

Amber Enterprises: Net profit at Rs 37 cr vs poll of Rs 23 cr, Revenue at Rs. 2133.3 cr vs poll of Rs 1722 cr. (Positive) 

Capri Global: Net profit at Rs 108 cr vs Rs 51.3 cr, NII up 12% at Rs 350.6 cr vs Rs 312.7 cr (YoY) (Positive) 

Solar Industries: Company to invest Rs 12,700 crore in Nagpur defence and aerospace project (Positive) 

Kesoram Ind: UltraTech Cement indicated to invest Rs 400-500 cr in Kesoram going ahead. (Positive) 

Intellect Design: Central 1 credit union and Company’s subsidiary signed an agreement, intellect to assume responsibility for central 1’s digital banking operations. (Positive) 

Adani Wilmar: Commencement of operations at its food processing plant in Gohana. (Positive) 

IndiGo: December Market Share At 64.4% Vs 63.6% (MoM). (Positive) 

Indus towers: Company to enter EV charging infrastructure sector. (Positive) 

Jyoti Structures: Company gets notification of award for a project worth Rs 741.28 crore from Power Grid. (Positive) 

HFCL: Company has successfully secured Advance Purchase Orders aggregating to Rs 2,167.65 Crores for supply of Optical Fiber Cables. (Positive) 

MPhasis: Net Profit Up 1% At Rs 427.8 Cr Vs Rs 423.3 Cr, Revenue Up 0.7% At Rs 3,561.3 Cr Vs Rs 3,536.1 Cr (QoQ) (Neutral) 

HPCL: Net profit at Rs 3023 cr vs poll of Rs 2945 cr, Revenue at Rs. 1.10 lakh cr vs poll of Rs 1.10 lakh cr (Neutral) 

United Spirits: Net profit at Rs 335 cr vs poll of Rs 405 cr, Revenue at Rs. 3433 cr vs poll of Rs 2840 cr (Neutral) 

Cyient: Net profit at Rs 122.3 cr vs Rs 179 cr, Revenue at Rs. 1926.4 cr vs Rs 1849.1 cr (QoQ). (Neutral) 

Greaves Cotton: Net profit at Rs 20.8 cr vs Rs 58 cr, Revenue at Rs. 750.6 cr vs Rs 665.4 cr (YoY). (Neutral) 

Kfin Tech: Net profit at Rs 90.2 cr vs Rs 89.3 cr, Revenue at Rs. 290 cr vs Rs 280 cr (QoQ) (Neutral) 

Nippon Life India: Net profit at Rs 296 cr vs Rs 264.7 cr, Revenue at Rs. 545.4 cr vs Rs 392.3 cr (YoY) (Neutral) 

Mankind: Net profit at Rs 380.2 cr vs Rs 453.8 cr, Revenue at Rs 3,230 cr vs Rs 2,607 cr (YoY) (Neutral) 

Kotak Mahindra Bank: Bank acquires personal loan book of Standard Chartered Bank, India, for Rs 3,330 crore. (Neutral) 

KFin Technologies Limited reported robust financial performance for the third quarter of fiscal year 2025, with revenue rising 32.6 per cent year-on-year to ₹290.02 crore. The company’s key highlight was its significant international expansion, particularly joining BlackRock’s Aladdin Provider Network as its ninth global partner. Profit After Tax (PAT) increased by 34.9 per cent to ₹90.180 crore, with the company maintaining a healthy PAT margin of 31.1 per cent.

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Adani Green Energy posted over 85 per cent rise in consolidated net profit to Rs 474 crore for December quarter on the back of higher revenues from power supply.

It has appointed independent law firms to review the U.S. indictment of founder Gautam Adani and top Adani Green executives of paying $265 million in bribes for power contracts, it said late on Thursday.

Shares traded flat on Friday at ₹1,032.85

Adani Energy Solutions stock declined 2.01% on the NSE to ₹792.55.

However, the company reported 26 per cent rise in adjusted net profit at ₹440 crore in the third quarter of FY25 and 15.4 per cent increase in revenue from operations at ₹4,173 crore, driven by newly commissioned transmission projects and energy sales in its Mumbai and Mundra utilities.

The company said the net profit was adjusted to exclude one-time tax reversals.

Operating profit or earning before interest, tax, depreciation and amortisation rose 6 per cent to ₹1,831 crore on growth in revenue , EPC income and treasury income.

The shares of Cyient Limited were trading at ₹1,421.45 down by ₹333.80 or 19.02 per cent on the NSE today at 10.15 am.

Cyient Limited announced its third-quarter financial results for fiscal year 2025, highlighting significant leadership changes and continued growth in its semiconductor business. The company reported a quarterly group revenue of US$228 million, representing a 4.5 per cent year-on-year growth in constant currency.

The Digital, Engineering and Technology (DET) segment delivered revenue of US$175.2 million, with a modest 2.4 per cent quarter-on-quarter growth. Notably, the company’s order intake reached $312.3 million in Q3, marking the highest-ever figure for Cyient DET and showing a nearly 100 per cent quarter-on-quarter increase. The company secured 13 large deals with a total contract potential of $234.5 million.

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Sajjan Jindal-led JSW Steel is expected to report 65-85 per cent fall in net profit for the December quarter on the back of lower realisation. The fall could be in the range of 65-85 per cent at ₹300-760 crore on a y-o-y (year-on-year) basis.

Revenue could be in the range of ₹41,700 crore to ₹38,500 crore, according to leading broking firm estimates.

Kotak Institutional Equities is expected to decline 68 per cent to ₹762 crore y-o-y .

The EBITDA is expected to fall 25 per cent on y-on-y basis.

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Shares traded flat on the NSE at ₹933.85 as at 10.32 am.

Shriram Finance stock traded flat on the NSE at ₹533.90 ahead of Q3 results.

Dr Reddy’s stock declined 4.54% on the NSE to ₹1,230.80. The stock declined on Friday after the company reported a third-quarter profit that fell short of market estimates due to lower sales and pricing pressures in the key North American market.

Cyient shares tumble 19% to ₹1,421.80 following Q3 results. Company recorded its consolidated net profit for the quarter ended December 2024 at ₹12.77 crore as against ₹15.32 crore in the corresponding quarter previous year.

Spandana Sphoorty Financial locked in lower circuit on the NSE after Q3 results. Shares hit ₹324.20, down by 5% on the NSE.

It reported a consolidated net loss of ₹440.19 crore in the quarter ended December 2024 as against net profit of ₹127.40 crore in the corresponding quarter previous year.

IndiGo shares gained 1.99% on the NSE to ₹4,217.15 ahead of the Q3 results.

Tejas Networks stock declined to trade below 1,000 following Q3 results. Currently, rebounded to trade at ₹1,024.55, lower by 6.54% on the NSE. 

Greaves Cotton declines 2.04% on the NSE, trading at ₹242.70 after Q3 results. Company recorded its consolidated net profit at ₹6.68 crore for the quarter ended December 2024 as against ₹45.60 crore in the corresponding quarter previous year.

State-run Hindustan Petroleum Corporation (HPCL) on Thursday reported a multi-fold jump in its consolidated net profit at around ₹2,544 crore during Q3 FY25 aided by better marketing margins.

The oil marketing company’s consolidated total income was largely flat on an annual basis at around ₹1.2 lakh crore. Sequentially, income was up 10 per cent.

HPCL’s consolidated total expenses were also largely flat on an annual basis at ₹1.16 lakh crore, up 7 per cent sequentially.

The company attributed the stellar results to better physical performance and operational efficiencies in both refining and marketing divisions, coupled with improved margins.

Average Gross Refining Margin (GRM) for April-December 2024 is $4.73 per barrel against $9.84 in the year-ago period. Average GRM in Q3 FY25 was $6.01 per barrel ($8.49).

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Nippon India Life Asset Management Company has reported a four per cent increase in December quarter net profit at ₹295 crore against ₹284 crore logged in the same period last year.

Revenue from operations was up 11 per cent at ₹588 crore (₹530 crore). The company’s employee cost increased 20 per cent to ₹106 crore (₹88 crore) while other expenses jumped 28 per cent to ₹77 crore (₹60 crore).

The overall asset under management of the fund house increased 51 per cent to ₹5.70 lakh crore (₹3.78 lakh crore). The share of equity assets rose to 51 against 49 per cent logged in the same period last year. The passive funds share was up at 26 per cent (25 per cent), while debt and liquid dipped to 15 per cent (18 per cent) and 7 per cent (9 per cent).

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Diageo India (United Spirits Ltd), a subsidiary of the British liquor giant Diageo, reported a 4.3 per cent y-o-y fall in profit after tax (PAT) to ₹335 crore during Q3FY25.

USL’s consolidated net sales value (NSV) during the December-ended quarter stood at ₹3,432 crore, up by 14.4 per cent y-o-y. Its revenue from operations during the quarter was ₹7,732 crore, up from Q3FY24’s ₹6,962 crore.

Resilient consumer demand

The company attributed this growth to resilient consumer demand during the peak festive season and a fast scale-up in Andhra Pradesh.

In Q3, EBITDA stood at ₹568 crore, after a 16.9 per cent y-o-y growth.

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InterGlobe Aviation, Godrej Consumer Products, DLF, AU Small Finance Bank, Aditya Birla Money, Bharat Gear, CreditAccess, DAM Capital Advisors, DCB Bank, Fedbank Financial Services, Godrej Consumer Products, Granules India, Intellect Design Arena, Jindal Saw, Laurus Labs, NIIT, Omax Auto, Orient Cement, Pondy Oxide, RPG Life, Saksen, Shriram Finance, Solara Active Pharma Sciences, Supriya Lifescience, Seven, Torrent Pharmaceuticals, Trident, TTK Healthcare and Ugro Capital

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