Q3 Results 2025 LIVE: BPCL net profit rises 20%; HUL net profit jumps 19% due to one-time gain

• Net profit rises 8% YoY to Rs 552 crore
• Revenue from operations up 8% YoY to Rs 3,369 crore
• Total expense rises 8% to Rs 2,672 crore

"We don't do mortgages for the sake of doing it. There is competition from PSU banks on pricing in mortgages," HDFC Bank's management said during the post-Q3 earnings conference call. During the October-December quarter, retail mortgages of the bank rose 9.7 percent on-year. (Read what more the bank said during its post-Q3 earnings conference call)

• Net profit jumps 19% YoY to Rs 108 crore
• Revenue rose 11% YoY to Rs 529 crore

• Net profit jumps 60% YoY to Rs 43 crore
• Revenue rose 10% YoY to Rs 1,033.93 crore

• Net profit rises 20% YoY to Rs 3,806 crore
• Interim dividend of Rs 5 per equity share declared

• Net profit up 19 percent YoY to Rs 2,984 crore, with an exceptional gain of Rs 507 crore in Q3
• Total income marginally falls YoY to Rs 16,050 crore

• Net profit jumps 30% YoY to Rs 373 crore
• Revenue from operations up 23% YoY to Rs 3,062 crore
• Dividend of Rs 20 per equity share announced

• Net profit jumps 42% YoY to Rs 735 crore
• Revenue rises 37% YoY to Rs 2,760 crore
• Interim dividend of Rs 2.05 per share announced

• Net Profit soared 424% YoY to Rs 236 crore
• Revenue rises 4% YoY to Rs 5,798 crore
• Shares fall 3% to Rs 1,651 after Q3 results

• Rattan India Power reports Rs 4.33 crore net profit in Q3 FY25. This marks a strong comeback from the Rs 587 crore loss the company had reported in Q3 FY24.
• Revenue from operations falls 9% YoY to Rs 733 crore
• Shares sharply jump over 3% after Q3 results

Shares of India's largest private lender rose over 1% after it announced its Q3 results. The shares are currently trading at around Rs 1,660. Following the rise in the stock price, markets took some relief after consistent fall. Sensex was up by 432 points and Nifty rose by nearly 100 points.

Despite beating estimates by reporting a 2.2% rise in net profit, the bank also saw a strong increase of 51% in net non-performing assets (NPAs). During the October-December quarter, the firm reported Rs 11,588 crore net NPA. This marks a rise of 51% year-over-year.

• Net Profit up 2.2 percent YoY at Rs 16,736 crore
• Net Interest Income up 8 percent YoY at Rs 30,690 crore

• Net Profit rises 10 percent YoY to Rs 457.56 crore
• Revenue rises to Rs 5,226 crore
• Total expenses jump 20 percent to Rs 4,634 crore

• Net Profit jumps 19 percent YoY to Rs 108 crore
• Revenue from operations rises 12 percent YoY to Rs 529 crore
• Total expenses rises 10 percent YoY to Rs 405 crore
• Stock falls 3% after Q3 result announcement

• Net Profit jumps 31% YoY to Rs 211 crore
• Revenue from operations rises 6% YoY to Rs 2,465 crore
• Board of directors approves capital expenditure plan worth Rs 330 crore

Shares of Tata Communications fell nearly 3% to trade at Rs 1,655. The firm is set to announce its results for the October-December quarter later today

Shares of Persistent Systems fell nearly 7 percent to trade at Rs 5,494 per share. The IT services company is set to announce its Q3 results later today.

Shares of Heritage Foods dropped around 3 percent to trade at Rs 430. The dairy firm will release its Q3 results later today. Notably, the company is promoted by the family of Telugu Desam Party chief and Andhra Pradesh Chief Minister Chandrababu Naidu.

Bharat Petroleum (BPCL) shares fell 1.39 percent to trade at Rs 276.30. The oil company is set to announce its Q3 results today.

Management's outlook on refining and marketing margins, throughput recovery, and crude price impacts will be key to future performance. Strong marketing margins are anticipated, and insights into their sustainability amid crude price volatility will be crucial.

• Analysts expect BPCL's Q3 GRMs to improve, supported by stronger core operations and minimal inventory losses. Marketing margins remain robust, with an average GMM of Rs 13.2 per litre for petrol and Rs 9.4 per litre for diesel, further bolstering performance. While QoQ performance of OMCs is likely to strengthen, potential government aid for LPG subsidies could provide additional relief, though higher forex losses may weigh on profitability.
• Diesel marketing margins rose 62 percent QoQ to Rs 8.6 per litre in Q3FY25, while petrol margins climbed to Rs 12 per litre from Rs 9.1 per litre QoQ, driven by a decline in crude oil prices despite stable retail prices. Brent crude prices averaged 7 percent lower QoQ at $75 per barrel in Q3FY25, remaining flat between quarter-end periods with no refining inventory adjustments for BPCL.

• BPCL's net profit is expected to rise 51 percent YoY to Rs 5,130.40 crore in Q3, marking a sequential growth of 114 percent.
• Revenue is forecast to decline 10 percent YoY but remain stable quarter-on-quarter (QoQ) with a marginal increase of 1.1 percent to Rs 1.04 lakh crore.
• Earnings before interest, taxes, depreciation, and amortisation (EBITDA) is projected to increase 36 percent YoY and 86 percent QoQ to Rs 8,481.1 crore.

Analysts will closely monitor demand in metro areas and tier-3 towns. They will also pay attention to raw material prices and their effect on EBITDA margins, as well as the growing competitive pressure from unorganized players. The near-term outlook remains an important factor to watch, given the inflationary stress (particularly in foods and soaps portfolio) and demand slump.

• Volume growth: The overall demand for HUL may be muted, with underlying volume growth coming at around one percent, according to brokerages. The low volume growth comes as the domestic demand setting remained largely muted, affected by the sustained demand slump in urban markets.
• Segment performance: The performance across segments is likely to vary. HUL's home care is likely to grow at 2.5 percent, leading growth while beauty and personal care revenues are also likely to rise by around two percent. "Food portfolio performance is expected to be stable. However, the continued weakness in the food drink portfolio could drag overall food & refreshment performance," said Antique Stock Broking.
• EBITDA margins:  Higher raw material costs are likely to weigh on margins. "Prices of key inputs have seen an uptick in the last six months. Companies are gradually taking price hikes in the portfolio, which will not be enough to cover inflation in the input prices," noted a Sharekhan report. (Read more)

The delayed winter, rising commodity prices, and lagging urban demand are expected to result in the FMCG giant seeing flat earnings. According to a Moneycontrol poll of nine brokerages, Hindustan Unilever is likely to report revenue growth in low single-digits, higher by 4.7 percent on-year, at Rs 15,627 crore. Net profit is likely to come in at Rs 2,587 crore, up from Rs 2,541 crore from the corresponding quarter last year.

Investors will keenly watch out for HDFC Bank's near-term progression of margins, guidance for credit growth, and deposit growth, which could shape market expectations for subsequent quarters.

• Soft loan growth: HDFC Bank recorded a 3 percent YoY loan growth in Q3FY25 as it concentrated on improving its loan-to-deposit ratio (LDR), according to its business update. While deposits grew by a robust 16 percent YoY to Rs 2.5 lakh crore, the slower pace of loan expansion is expected to weigh on overall earnings.
• Flat margins: The bank’s net interest margin (NIM) is forecasted to remain flat at 3.6 percent YoY as the management focused on reducing its credit-to-deposit (CD) ratio below 100 percent following its merger with HDFC Ltd. This cautious approach has tempered margin growth despite strong deposit inflows.
• Deterioration in asset-quality: Deteriorating asset quality adds another layer of concern. Citi Research projects the gross non-performing asset (GNPA) ratio to increase by 16 basis points (bps) YoY and 6 bps quarter-on-quarter (QoQ) to 1.4 percent in Q3FY25. Net NPA (NNPA) is expected to rise by 12 bps YoY and 2 bps QoQ to 0.4 percent, reflecting post-merger consolidation challenges. (Read more)

India's largest private lender HDFC Bank is set to report 8 percent year-on-year (YoY) growth in net profit for the third quarter of fiscal year 2024-25 (FY25), weighed down by subdued loan growth and stagnant margins, said analysts. Net interest income (NII) is projected to grow by 1.6 percent YoY in Q3FY25.

According to a Moneycontrol poll of 8 brokerages, HDFC Bank's net profit is estimated at Rs 16,650 crore in Q3FY25 versus Rs 16,372 crore in Q3FY24. NII is pegged at Rs 30,690 crore in Q3FY25 from Rs 28,471 crore in the year-ago period.