Q3 Results Highlights 31st Jan: BEL, L&T, Nestle lead gains post Q3 results, Kalyan Jewellers & Waaree Energies rally, PNB, Vedanta, Marico Q3 profit rises

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Bandhan Bank reported a consolidated net profit for the quarter ended December 2024 at ₹426.48 crore as against ₹732.71 crore in the corresponding quarter previous year.

Inox Green Energy Services reported a consolidated net profit for the quarter ended December 2024 at ₹5.19 crore as against the loss of ₹1.35 crore in the corresponding quarter previous year.

Shares closed 4.64% higher on the NSE at ₹160.96

Sun Pharmaceutical Industries reported a consolidated net profit for the quarter ended December 2024 at ₹2903.3 crore as against ₹2523.7 crore in the corresponding quarter previous year.

Declared interim dividend of ₹10.50

Shares rose 1.10% on the NSE to ₹1,758.20

UPL Ltd reported a consolidated net profit for the quarter ended December 2024 at ₹853 crore as against the loss of ₹1,607 crore in the corresponding quarter previous year.

Shares gain 2.17% on the NSE to ₹579.25

Texmaco Rail & Engineering’s consolidated net profit for the quarter ended December 2024 was at ₹69.88 crore from ₹25.75 crore in the corresponding quarter previous year.

The board has approved the Scheme of Amalgamation of Texmaco West Rail Limited, a wholly owned subsidiary of the Company with the Company. 

Shares soared 5.65% on the NSE to ₹196.39

Vedanta’s consolidated net profit for the quarter ended December 2024 rose to ₹4,876 crore from ₹2,686 crore in the corresponding quarter previous year.

Shares up 1.51% on the NSE to ₹439

Mahindra Holidays & Resorts India’s consolidated net profit for the quarter ended December 2024 was at ₹35.42 crore as against ₹10.52 crore in the corresponding quarter previous year.

Shares rallied 12.15% on the NSE to ₹361.95

Shares hit upper circuit on the NSE at ₹1,228.30

JSP (formerly Jindal Steel and Power) shares fell 6.36 per cent to ₹786.65 on the NSE today after the company reported a 51 per cent year-on-year decline in consolidated profit after tax to ₹951 crore for the third quarter ended December 2024. The stock hit an intraday low of ₹723.35. 

The steel manufacturer’s consolidated gross revenue remained flat at ₹13,707 crore compared to ₹13,698 crore in the same quarter last year. Adjusted EBITDA declined 24 per cent year-on-year to ₹2,133 crore after accounting for a one-off foreign exchange gain of ₹51 crore during the quarter. 

GHCL’s consolidated net profit for the quarter ended December 2024 was at ₹168.42 crore as against ₹99.85 crore in the corresponding quarter previous year.

Shares climbed 5.88% on the NSE to ₹760.80

Jyothy Labs has launched a new product ‘Jovia’ under its Personal Care category and ‘Maxo Anti-Mosquito Racquet’ under its Household Insecticide Category.

Its consolidated net profit for the quarter ended December 2024 was at ₹87.40 crore as against ₹90.92 crore in the corresponding quarter previous year.

Shares declined 2.17% on the NSE to ₹388.15

Marico reported its consolidated net profit for the quarter ended December 2024 was at ₹406 crore as against ₹386 crore in the corresponding quarter previous year.

Board has declared Interim Equity Dividend for the Financial Year 2024-25 of ₹3.50.

Shares gained 1.38% on the NSE to ₹681.40.

PNB reported its consolidated net profit for the quarter ended December 2024 was at ₹4648.60 crore as against ₹2252.67 crore in the corresponding quarter previous year.

Shares soar 4.53% on the NSE to ₹100.89

Vadilal Industries reported its consolidated net profit for the quarter ended December 2024 was at ₹11.93 crore as against ₹9.24 crore in the corresponding quarter previous year.

Shares traded at ₹3923.45 on the NSE, 3.59% higher

Equitas Small Finance Bank reported net profit for the quarter ended December 2024 was at ₹66.30 crore as against ₹202 crore in the corresponding quarter previous year.

Shares traded at ₹67.01 on the NSE, up 1.18%.

Nestle India posted a net profit of ₹696.13 crore for the December quarter, up 6.2 per cent compared to the corresponding quarter of the previous fiscal year. Revenue from operations stood at ₹4,779.73 crore, up 3.89 per cent. The packaged food major said total sales grew by 3.9 per cent, while domestic sales grew by 3.3 per cent in the quarter under review.

Suresh Narayanan, Chairman and Managing Director of Nestle India, stated, “This quarter, 3 out of 4 product groups delivered healthy growth, led by a combination of pricing and volume. Key brands continue to perform, and this augurs well in a challenging environment. It was a quarter marked by food inflation, moderation in urban consumption, and gradual recovery in rural consumption.”

Sundaram Clayton’s consolidated net loss for the quarter ended December 2024 was at ₹44.15 crore down from the loss of ₹62.90 crore in the corresponding quarter previous year.

Shares traded at ₹2280.25 on the NSE, down 2%

SRG Housing Finance’s net profit for the quarter ended December 2024 was at ₹5.74 crore as against ₹14.97 crore in the corresponding quarter previous year.

Shares fell 4.54% on the NSE to ₹334.10

Flair Writing Industries recorded its consolidated net profit for the quarter ended December 2024 at ₹29.26 crore as against ₹18.99 crore in the corresponding quarter previous year.

Shares surged 6.60% on the NSE to ₹260.

Adani Ports stock gained 3% on posting 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. 

Stock currently trades at ₹1,104.30 on the NSE, up 2.53%.

Nestle India Q3 net Rs 696 crore up 5 per cent y-o-y...Revenue up 4 per cent to Rs 4779.7 crore. Suresh Narayanan CMD, Nestle India : This quarter 3 out of 4 product groups delivered healthy growth led by a combination of pricing and volume. Key brands continue to perform, and this augurs well in a challenging environment.

Our manufacturing capacity will witness a significant jump with the commissioning of the third Confectionery unit in Sanand factory to manufacture KITKAT towards fulfilling our ambition of INR 5,800 crore capital expenditure between 2020-2025.

Bharat Electronics Limited (BEL), the Navratna Defence PSU, reported a 47.33 per cent increase in net profit to ₹1,316.06 crore for the third quarter of FY 2024-25, compared to ₹893.30 crore in the same period last year. The company’s turnover rose by 36.97 per cent to ₹5,643.25 crore, up from ₹4,120.10 crore in Q3 FY 2023-24. 

The defense electronics manufacturer’s profit before tax grew by 49.64 per cent to ₹1,754.15 crore in the quarter ended December 2024, versus ₹1,172.26 crore in the corresponding quarter. 

Bank of Baroda (BoB) shares declined 3.82% on the NSE to ₹213.90. The bank on Thursday posted moderate growth in profit, a 5.6 per cent increase in net profit at ₹4,837 crore in the December quarter.

Panama Petrochem recorded its consolidated net profit for the quarter ended December 2024 at ₹48.50 crore as against ₹41.36 crore in the corresponding quarter previous year. 

Shares gained 3.86% on the NSE to ₹365.

Nestle India Limited recorded its consolidated net profit for the quarter ended December 2024 at ₹688 crore as against ₹655.6 crore in the corresponding quarter previous year. 

The board has declared Interim Dividend of ₹14.25 per equity share.

Shares surged 3.98% on the NSE to ₹2,305.60

Suzlon Energy Limited’s shares rose 5 per cent to ₹58.17 on the NSE today at 11:15 am, reaching the upper circuit after reporting robust third-quarter results for FY25. The company’s net revenue jumped 91 per cent year-over-year to ₹29.7 billion, driven by a 163 per cent increase in deliveries. 

The wind turbine manufacturer posted an EBITDA of ₹5 billion, marking a 102 per cent year-over-year growth, with margins improving to 16.8 per cent compared to 15.9 per cent in the same quarter last year. Adjusted profit after tax reached ₹3.9 billion, showing a 91 per cent increase from the previous year. 

Kalyan Jewellers stock rallied 13% on the NSE on recording a 21.23% jump in consolidated net profit to ₹218.68 crore for the third quarter of the 2024-25 fiscal.

Shares currently trades 10% higher on the NSE at ₹484.60.

Coromandel International stock traded flat on the NSE at ₹1,817.95. Its consolidated net profit rose to ₹507.91 crore in the third quarter of 2024-25 compared to ₹228.11 crore in the year-ago period.

Jupiter Wagons stock surged 5.19% on the NSE to ₹374.25. The stock had been trading positive post Q3 results, recording a consolidated net profit for the quarter ended December 2024 at ₹96.43 crore as against ₹51.46 crore in the corresponding quarter previous year.

Brokerages valued L&T’s strong order book and execution, stating that the order inflow was driven by a healthy mix of domestic and international orders, thereby allaying concerns about weaker domestic inflows so far

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Waaree Energies stock rallied 14% post Q3 show. Its consolidated net profit for the quarter ended December 2024 rose to ₹506.87 crore as against ₹140.80 crore in the corresponding quarter previous year. 

BEL shares traded 3.68% higher on the NSE at ₹289 post Q3 results.

Prestige Estates Projects recorded its consolidated net profit for the quarter ended December 2024 at ₹32.2 crore as against ₹164.7 crore in the corresponding quarter previous year.

Shares traded flat on the NSE at ₹1,342

Q3FY25 Important Result Calendar

Friday, 31 January, 2025 (Today)

Derivative Segment

• Chola Inv & Fin Ltd.

• Marico Ltd.

• Nestle Ltd.

• Poonawalla Fincorp Ltd.

• ONGC Ltd.

• Sun Pharma Ltd.

• City Union Bank Ltd.

• IndusInd Bank Ltd.

• LIC Housing Ltd.

• Bandhan Bank Ltd.

• IRB Infra Ltd.

• Punjab National Bank

• UPL Ltd.

• Vedanta Ltd.

Cash Segment

• Mahindra Holidays Ltd.

• Mahindra Lifespace Ltd.

• Medplus Health Ltd.

• Jyothy Labs Ltd.

• Aptus Value Housing Ltd.

• Equitas SFB Ltd.

• Five-Star Business Ltd.

• Pfizer Ltd.

• GMDC Ltd.

• Inox Wind Ltd.

• Jubilant Pharmova Ltd.

• Nuvama Wealth Ltd.

• Relaxo Footwears Ltd.

• Triveni Turbine Ltd.

• Aster DM Ltd.

• Godrej Agrovet Ltd.

• Sheela Foam Ltd.

Biocon shares were up 1.30% on the NSE trading at ₹361.65. Company reported a net profit of ₹25 crore for the October-December quarter of 2024-25.

Larsen & Toubro (L&T) shares gained nearly 5% in early trade on recording a 14% increase in consolidated net profit and revenues rose 17.30% in Q3.

Results calendar: Sun Pharma, ONGC, Nestle, Vedanta, Punjab National Bank, Cholamandalam Investment, Marico, IndusInd Bank, Vishal Mega Mart, UPL, IRB Infra, LIC Housing, Aster DM, Bandhan Bank, Poonawala Fincorp, Inox Wind, Pfizer, Triveni Turbine, Nuvama Wealth, Jubilant Pharmova, Aptus Value Housing, Jyothy Labs, Godrej Agrovet, Relaxo Footwears, City Union Bank, Inox Wind, GMDC, Sheela Foam, Medplus Health, Electrosteel Castings, Equitas Small Finance Bank, Texmaco Rail, Karnataka Bank, Gujarat Heavy Chemicals, Mahindra Holidays, Mahindra Lifespace, Anp Engg, Inox Green, SUndaram Clayton, LG Balkrishnan, Axiscades Technologies, Vadilal Inds, Flair Writing, Mayur Uniquoters, Panama Petrochem, Hind Rectifiers, Texmaco Infra, Dynacons Systems, Vadilal Enterprises, Specility Restaurants, Talbros Engg and Indian Toners & Developers.

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