Q3 Results Highlights 30 Jan: Adani Ports & GAIL profit rises, BEL stock lead gains, Hitachi Energy shares shine, Tata Motors ends 7% lower post Q3 results

Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani-led group, on Thursday reported a 97 per cent drop in the third quarter net profit as key coal trading volumes were hit.

Net profit declined to Rs 57.83 crore in October-December 2024 - the third quarter of April 2024 to March 2025 fiscal (FY25) - from Rs 1,888.45 crore earnings a year back, the company said in a statement.

Revenue from operations declined 9 per cent to Rs 22,848.42 crore.

Pre-tax profit (EBITDA) from the coal trading segment, which contributes more than a third of overall revenue, halved to Rs 745 crore as volumes fell.

The volume drop was primarily because of lower demand from the power sector where the share of renewable energy sources has risen.

Third quarter profit was also impacted due to “high notional forex loss in finance cost of Australia mining due to depreciation of Australian dollar,” it said.

For the first nine months of the current fiscal, net profit rose 17 per cent to Rs 3,254 crore while total income was up 6 per cent at Rs 72,763 crore.

“This exceptional nine-month performance underscores Adani Enterprises Ltd’s position as a powerhouse for nurturing transformative infrastructure and energy transition sectors,” said Gautam Adani, Chairman of the Adani Group.

“Strong growth across our incubating businesses, from energy transition to logistics and adjacencies, highlights the immense potential of our core plus portfolio.

“These results are a testament to our focus on execution operational excellence, innovation and sustainability as we continue to set new benchmarks across sectors. With each milestone, AEL reaffirms its commitment to creating long-term value for its stakeholders while contributing to India’s progress and global competitiveness,” he said.

New energy vertical saw a 26 per cent rise in Profit Before Tax (PBT) at Rs 691 crore in the third quarter while the airports business clocked a 2.6x growth at Rs 237 crore PBT.

Adani-operated airports handled 24.6 million passengers, up 8 per cent over Q3 of the previous fiscal. Road construction saw a 4.8x rise in construction at 805.1 line kilometres while mining dispatches were up 55 per cent at 11.8 million tonnes. Coal trading, however, saw volumes drop 42 per cent to 21.1 million tonnes in October-December 2024.

For April-December 2024, coal trading registered a 28 per cent drop at 41.2 million tonnes.

Giving operational updates, the firm said energy unit Adani New Industries posted a record 3.3 GW module sales during nine months on the back of export growth of 20 per cent and domestic sales increase of 176 per cent.

“EBITDA margins continue to rise on account of improved realisation and operational efficiency through integrated production of cell and module line wind turbine manufacturing,” it said.

On data centres, AEL said Noida data centre is almost 99 per cent complete and Phase-I of Pune centre is 59 per cent and 73 per cent of Phase-II. Hyderabad data centre is operational with 9.6 GW capacity.

In the airport’s business, 14 new routes, 4 new airlines and 9 new flights were added.

“Navi Mumbai airport successfully conducted the first commercial flight validation test and is now a step closer to becoming operational,” it said.

PTI report

Q3 FY26 : Dabur India net profit rises marginally to Rs 516 crore consolidated revenue up 3.1 per cent to Rs 3,355 Crore. “With the geopolitical landscape remaining volatile in the short term, shrouded by uncertain macroeconomic indicators, Dabur has decided to revise its strategic Vision cycle from four years to three years to create a more agile organisation that can quickly navigate the challenges and capture the emerging opportunities. We have engaged a leading consulting firm, McKinsey & Co to refine and align our strategies for the next 3 years in line with the evolving dynamics,”Mohit Malhotra, CEO, Dabur India

Praj Industries recorded its consolidated net profit for the quarter ended December 2024 stood at ₹41.1 crore as against ₹70.4 crore in the corresponding quarter previous year. 

Ajanta Pharma reported its consolidated net profit for the quarter ended December 2024 stood at ₹232.88 crore as against ₹210.03 crore in the corresponding quarter previous year. 

Stock closed 1.77% positive on the NSE at ₹2,674.45

Shares closed at ₹280.20 on the NSE, up 4.87%

State-owned gas utility GAIL (India) Ltd on Thursday reported a 36 per cent rise in net profit in the December quarter after a one-off gain from compensation received from an overseas LNG supplier for non-delivery of committed cargoes.

It posted a standalone net profit of Rs 3,867.38 crore in the October-December period of FY25 compared with Rs 2,842.62 crore in the year-ago period, India’s biggest gas transportation and marketing company said in a stock exchange filing.

Revenue from operations was almost unchanged at Rs 34,957.76 crore with all three major business segments -- natural gas and LPG transportation services, natural gas marketing and petrochemicals -- reporting nearly the same revenues as the previous year.

The company had an exceptional income of Rs 2,440.03 crore as compensation received from a former unit of Russian energy giant Gazprom.

PTI inputs

India’s Dr Lal Path Labs reported a 19% jump in its third-quarter profit on Thursday, led by continued demand for its bundle test offerings, sending its shares 3% higher.

The company’s consolidated net profit rose to 967 million rupees ($11.2 million) in the three months to Dec. 31, from 813 million rupees a year earlier, but fell short of analysts’ estimate of 976.9 million rupees, according to data compiled by LSEG.

An increasing awareness around health and wellness, coupled with the expansion of diagnostics firms such as Dr Lal Path into smaller cities, has boosted demand for medical tests.

The company, which operates about 300 testing labs, said the number of samples tested grew 10% during the quarter.

Dr Lal Path has also benefited from strong demand for its bundle test offerings, which combine tests for multiple diseases such as hyperthyroidism and diabetes, analysts said.

The company’s revenue from operations met analysts’ estimates and climbed about 11% to 5.97 billion rupees.

It declared a dividend of six rupees per share for the fiscal year 2025.

Reuters

Adani Ports and Special Economic Zone (APSEZ) on Thursday reported 14 per cent rise in consolidated net profit at Rs 2,518.39 crore for December quarter 2024-25, driven by higher income.

The country’s largest integrated logistics player had clocked a profit of Rs 2,208.21 crore in the year-ago period, according to a regulatory filing.

Total income increased to Rs 8,186.90 crore from Rs 7,426.95 crore.

Total expenses rose to Rs 5,190.53 crore from Rs 4,588.10 crore.

APSEZ Whole-time Director and CEO Ashwani Gupta said the company has upgraded its FY25 EBITDA forecast to Rs 18,800-18,900 crore.

The company is targeting Net Zero by 2040 and is on track to add 1,000 MW of new renewable capacity.

APSEZ in a statement said it started Trucking Management Solution (TMS), a technology platform that acts as a transformational marketplace and fulfilment solution, to streamline supply chain for customers. It also closed Gopalpur and Astro Offshore transactions worth over Rs 4,600 crore.

The Vizhinjam port commenced commercial operations, post extensive trials. During the trial period, the port handled 70+ vessels and 147,000+ containers.

The company clocked 332 million tonne in cargo volume in April-December FY25, an increase of 7 per cent YoY, led by 19 per cent growth in containers, besides rise in liquids and gas, and dry and dry bulk cargo, partially offset by decline in imported non-coking coal.

According to the statement, logistics continued to demonstrate momentum with growth across container volume.

APSEZ, a part of the globally diversified Adani Group has 7 strategically located ports and terminals on the west coast -- Mundra, Tuna Tekra & Berth 13 in Kandla, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala.

Besides, it has 8 ports and terminals on the East coast -- Haldia in West Bengal, Dhamra and Gopalpur in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry.

(PTI)

Waaree Energies’ consolidated net profit for the quarter ended December 2024 stood at ₹506.87 crore as against ₹140.80 crore in the corresponding quarter previous year. 

Shares traded flat on the NSE at ₹2,219.45.

Dabur India recorded its consolidated net profit for the quarter ended December 2024 stood at ₹515.82 crore as against ₹506.44 crore in the corresponding quarter previous year. 

Shares traded at ₹530.95 on the NSE, up 2.48%

Coromandel International board has declared Interim Dividend of ₹6 per equity share, which will be paid on or after February 19, 2025. The Record Date fixed is February 5, 2025.

The board has approved proposal establish a wholly owned subsidiary Company in Netherlands, Europe, with an investment value of up to EUR 1,00,000, and issuance of corporate guarantee for an amount of up to USD 11 million in favour of one or more banks for availing working capital facilities by Baobab Mining & Chemicals Corporation, Senegal, an associate Company.

The company recorded its consolidated net profit for the quarter ended December 2024 stood at ₹507.91 crore as against ₹228.11 crore in the corresponding quarter previous year. 

Shares gained 1.83% on the NSE to ₹1,825.60.

HeidelbergCement’s net profit for the quarter ended December 2024 stood at ₹5.19 crore as against ₹31.47 crore in the corresponding quarter previous year. 

Stock traded at ₹221.56 on the NSE

Pokarna reported a consolidated net profit for the quarter ended December 2024 at ₹50.59 crore as against ₹44.95 crore in the corresponding quarter previous year. 

Shares traded at ₹1,094 on the NSE, up 2.35%.

Bharat Electronics reported a consolidated net profit for the quarter ended December 2024 at ₹1,311.60 crore as against ₹860.26 crore in the corresponding quarter previous year. 

Stock surged 3.52% on the NSE to ₹276.60

GAIL (India) reported a consolidated net profit for the quarter ended December 2024 at ₹4,084.24 crore as against ₹3,193.34 crore in the corresponding quarter previous year. 

Stock gains 1.41% on the NSE to ₹167.55

Adani Enterprises reported a consolidated net profit for the quarter ended December 2024 at ₹228.64 crore as against ₹1,972.75 crore in the corresponding quarter previous year. 

Stock declined 3.50% on the NSE to ₹2,237.35

Voltas shares tumbled 11.40 per cent to ₹1,306.05 on the NSE today following disappointing third-quarter margins and the announcement of upcoming leadership changes. The Tata Group company’s Unitary Cooling Products segment recorded its lowest margin in a decade at 5.9 per cent for Q3 FY2025.

Voltamp Transformers recorded its consolidated net profit for the quarter ended December 2024 at ₹73.40 crore as against ₹94.61 crore in the corresponding quarter previous year.

Shares traded flat on the NSE at ₹7,878.80

Strides Pharma Science Ltd’s consolidated net profit for the quarter ended December 2024 stood at ₹113.8 crore as against ₹8.97 crore in the corresponding quarter previous year.

Shares gained 2.97% on the NSE to ₹627

Raymond Lifestyle’s consolidated net profit for the quarter ended December 2024 dipped ₹64.17 crore as against ₹162.43 crore in the corresponding quarter previous year.

Shares fell 3.05% on the NSE to ₹1,659.30.

Adani Ports reported its consolidated net profit for the quarter ended December 2024 ₹2,518.39 crore, up 14%, as against ₹2,208.21 crore in the corresponding quarter previous year.

Shares gain 1.45% on the NSE to ₹1,112.85

Vedant Fashions’ net profit for the quarter ended December 2024 was at ₹157.97 crore as against ₹157.71 crore in the corresponding quarter previous year.

Shares traded flat on the NSE at ₹1,115.30.

Bajaj Finserv Limited has appointed Ramandeep Singh Sahni as Chief Financial Officer of the company w.e.f. February 01, 2025

The company recorded its consolidated net profit for the quarter ended December 2024 at ₹2,231 crore as against ₹2,157.67 crore in the corresponding quarter previous year.

Shares traded flat on the NSE at ₹1,788.35

Rane (Madras) has appointed Harish Lakshman as Managing Director for a period of 5 years with effect from April 01, 2025.

Company’s consolidated net loss for the quarter ended December 2024 stood at ₹0.22 crore as against ₹9.09 crore profit in the corresponding quarter previous year.

Shares down 3.15% on the NSE to ₹710.95

ACME Solar Holdings Limited’s shares hit the upper circuit on Thursday, opening at ₹191.23 and trading at ₹210.35 today, up 10 per cent on the NSE. The stock had hit the upper circuit on Wednesday’s trading session as well.

The surge follows the company’s strong Q3 FY25 performance, with profit after tax (PAT) soaring 152.1 per cent year-on-year to ₹112 crore and PAT margin expanding to 28 per cent. Listed on November 13, 2024, the stock has gained 20 per cent over the past two days.

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Hester Biosciences recorded its consolidated net profit for the quarter ended December 2024 at ₹11.4 crore as against ₹4.02 crore in the corresponding quarter previous year.

Shares surged 6.20% on the NSE to ₹2,225.20.

Dodla Dairy’s board approved Rs. 280 Crores capex for setting up new plant & machinery and necessary infrastructure at Maharashtra, which includes previous approval Rs.15 crores for Land acquisition . The funding shall be through internal accruals/debt.

The company reported its consolidated net profit for the quarter ended December 2024 at ₹63.6 crore as against ₹41.3 crore in the corresponding quarter previous year.

Shares surged 4.23% on the NSE to ₹1,097.1

Radico Khaitan stock is up 1.16% on the NSE to trade at ₹2,179.35. Company 27.05% rise in its consolidated net profit to ₹95.48 crore in the third quarter ended December 2024.

Cholamandalam MS General Insurance Co Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Group (Japan), posted a profit before tax (PBT) of ₹137 crore for the December 2024 quarter, up from ₹134 crore in the same quarter last year.

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Hitachi Energy stock zoomed 20% to trade at its upper circuit on the NSE at ₹12,277.50 following Q3 results. Its profit after tax (PAT) rallied to ₹137.4 crore for the December quarter 2024, as against ₹23 crore during the October-December period of the preceding 2023-24 fiscal.

Jupiter Wagons stock rallied 12% to hit ₹407 on the NSE, posting 18.4% increase in consolidated net profit for the quarter ended December 2024 at ₹96.4 crore.

Bajaj Finance stock soared 6% in early trade on recording an 18% increase in consolidated net profit to ₹4,308 crore for the December quarter 2024.

Stock currently trades 2.43% positive on the NSE at ₹7,947.85

Blue Star stock traded flat on the NSE at ₹1,815.45. The company recorded 31.85% rise in consolidated net profit at ₹96.06 crore in the third quarter ended December 2024.

The company had posted a net profit of ₹100.46 crore in the October-December quarter a year ago.

Shares of Tata Motors slumped 9 per cent in early trade on Thursday on recording a 22 per cent decline in consolidated net profit to ₹5,578 crore in the third quarter ended December 2024, due to a dip in revenue from its passenger and commercial vehicles divisions.

Brokerages have taken a bearish stance on the stock as the growth outlook across segments looks weak. Global brokerage Jefferies has downgraded the stock with an underperform rating, slicing the target price heavily to ₹660 per share.

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Shares of Maruti traded flat on the NSE at ₹12,000.10 post Q3 results. Its consolidated net profit jumped 16 per cent to Rs 3,727 crore in the December quarter, riding on higher sales.

Results calendar: L&T, Bajaj Finserv, Adani Enterprises, Adani Ports, BEL, Bajaj Holdings, Bank Of Baroda, GAIL, Max Healthcare, Shree Cements, Tata Consumer Products, Dabur India, Jindal Steel & Power, PB Fintech, Waaree Energies, Prestige Estates, Phoenix Mills, Coromandel International, Biocon, Astral, Ajanta Pharma, Vedant Fashions, Dr Lal PathLabs, Navin Fluorine, Indegene, Welspun Living, Clean Science & Technology, AAVAS Financers, Praj Inds, Raymond, Star Cement, Voltamp Transformers, Greenlam Inds, Nesco, Protean eGov Technologies, Dodla Diary, Pricol, Strides Pharma, Heidelberg Cement, Hawkins, Subros, CARE Ratings, Deep Inds, Shanthi Gears, Hester Biosciences, Jyoti Resins, Mallcom

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