Q3 Results highlights: Don't expect any major tax-related announcement in Budget 2025, says L&T president

R. Shankar Raman, president, whole-time director & CFO: L&T has identified energy projects worth Rs 1.5 lakh crore to Rs 3 lakh crore to bid for in the near future.

Leading jewellery maker Kalyan Jewellers has reappointed Anish Saraf, Managing Director of global private equity firm Warburg Pincus, to the company’s board as an independent director, the company said in an exchange filing on January 30. Saraf has served as a nominee director of Warburg Pincus—an early investor in the company—and has been on Kalyan Jewellers' board since its public listing in 2021. Read more

R. Shankar Raman, president, whole-time director & CFO: Expect strong order inflow in the Q4FY25 to meet order inflow guidance of 10 percent for FY25.

R. Shankar Raman, President, whole-time director & CFO: Don't expect any major tax related announcement as part of the Budget for 2025-26

Shree Cement reported a slump third-quarter profit on January 30, hurt by weak prices and a slowdown in activity in a seasonally weak period.

The company’s consolidated net profit plunged 72.5% to Rs 193 crore in the quarter ended Dec. 31. Total revenue from operations dropped 12% to Rs 4,573 crore.

On January 30, Shree Cement's shares on BSE closed 1% higher at Rs 26,918 apiece.

Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 5,643.25 crore, registering a growth of 36.97% during 3rd quarter of FY25 over the turnover of Rs 4,120.10 crore recorded in the corresponding period of the previous year.

Profit after tax (PAT) during the reported quarter stood at Rs 1,316.06 crore, with a growth of 47.33% over Rs 893.30 crore recorded in the corresponding period of the previous year.

Kalyan Jewellers on January 30 reported a net profit of Rs 218 crore in the December quarter of the current financial year. This marks an increase of 21 percent from the Rs 181 crore net profit reported in the corresponding quarter of the previous financial year.

The company announced its results for Q3 FY25 in an exchange filing on January 30. The company’s revenue from operations grew nearly 40 percent on-year to Rs 7,287 crore. It had reported revenue from operations at Rs 5,223 crore in Q3 of previous year. Read more

Indian steelmaker Jindal Steel and Power reported a drop third-quarter profit on Thursday, hurt by muted demand and weak steel prices.

The company reported consolidated net profit after tax of Rs 951 crore (nearly $110 million), down nearly 51% from a year ago.

Revenue from operations was largely flat at Rs 11,751 crore, while expenses rose 8% to Rs 10,577 crore.

• Net profit rises 6 percent YoY to Rs 4,837 crore
• Net interest income (NII) rises 3 percent YoY to Rs 11,417 crore
• Net NPA ratio declines by 11 bps YoY to 0.59 percent

• Net profit falls 72 percent YoY to Rs 193 crore
• Revenue down 20 percent YoY to Rs 4,573 crore
• Total income declines to Rs 4,683 crore
• Total expenses rise to Rs 4,459 crore

• Net profit rises 14 percent YoY to Rs 3,359 crore
• Revenue up 17 percent YoY to Rs 64,668 crore
• EBITDA rises 9 percent YoY to Rs 6,255 crore
• EBITDA margin reduces to 9.7 percent

The company statement also highlighted that its orderbook stood at 26.5 GW and was valued at approximately Rs 50,000 crore as on date. It also said that the trial production has commenced at 5.4 GW solar cell manufacturing facility and the firm has started commercial production of 1.6 GW solar module line in the US.

"The US contributed ~15-20 percent of our revenue mix. As we expand globally, we are strengthening our presence in high-potential regions, ensuring that we stay ahead of the curve in this fast-evolving industry. We are excited about the road ahead and remain committed to driving meaningful change in the energy landscape," said Amit Paithankar, whole-time director and CEO, Waaree Energies.

“As an energy transition company, we see immense opportunities and are well positioned to tap into new business areas. Our solar business continues to be strong and we are rapidly advancing in the adjacencies of energy storage systems, green hydrogen, inverters and renewable infrastructure," said Amit Paithankar, whole-time director and CEO, Waaree Energies.

"The momentum in this space is stronger than ever, and we are well-positioned to capitalize on it. We continue to build on our strengths, enhancing scalability and internal efficiencies, which has clearly reflected in our 9M FY25 performance. Strong execution and disciplined growth remain at the core of our strategy," he added.

-Production of 1.81 GW in Q3 FY25 reflecting an impressive 68% growth YoY, reinstating our efficient

execution strategy

-The Board has already approved previously on 18th November 2024 and 23rd December 2024.

-Capital Expenditure amounting to Rs 551 crore and an investment of Rs 200 crore for setting up 300 MW of electrolyser manufacturing plant

-Capital Expenditure amounting to Rs 2,073 crore and Investment of Rs 650 crore for setting

up 3.5 GWh lithium-ion advanced chemistry storage cell manufacturing plant

-Capital expenditure amounting to Rs 130 crore in inverter business

Waaree Energies Ltd on January 30 reported a four-fold jump in net profit at Rs 492.7 crore in the quarter ended December 31 of the current financial year, compared to Rs 124.5 crore in the same period of the previous financial year, the company said in an exchange filing.

The company’s net profit stood at Rs 361.6 crore in the September quarter, the filing showed.

The firm’s revenue jumped over 116 percent to Rs 3,457.28 crore in the reported quarter over Rs 1,596.183 crore in the year-ago period. The revenue was at Rs 3,574.377 crore in the September quarter, the company filing said.

The stock of the company closed 0.91 percent higher at Rs 2,227.65 on NSE on January 30.

• Net profit rises 2 percent YoY to Rs 522 crore
• Revenue up 3 percent YoY to Rs 3,355 crore
• Total income rises to Rs 3,483 crore
• Total expenses surges to Rs 2,826 crore

• Net profit rises 28 percent YoY to Rs 4,084 crore
• Revenue up 6 percent YoY to Rs 36,937 crore
• Total income rises to Rs 37,315 crore
• Total expenses surges to Rs 34,876 crore

• Net profit falls 84 percent YoY to Rs 5 crore
• Revenue declines 11 percent YoY to Rs 543 crore
• Total income falls to Rs 552 crore
• Total expenses surges to Rs 545 crore

• Net profit falls 97 percent YoY to Rs 58 crore
• Revenue declines 9 percent YoY to Rs 22,848 crore
• Total income falls to Rs 23,501 crore
• Total expenses surges to Rs 22,925 crore

• Net profit rises 47 percent YoY to Rs 1,316 crore
• Revenue from operations rises 39 percent YoY to Rs 5,771 crore
• Total income rises to Rs 5,957 crore
• Total expenses surges to Rs 4,213 crore

Shares of Raymond Lifestyle dropped over 10 percent to trade at Rs 1,537 apiece. This comes after the company reported weak Q3 results.

• Net profit drops 60 percent YoY to Rs 64 crore
• Revenue from operations rises 2 percent YoY to Rs 1,754 crore
• EBITDA falls 30 percent YoY to Rs 221 crore
• EBITDA margin reduces to 12.3 percent

• Net profit rises 77 percent YoY to Rs 88 crore
• Revenue from operations rises 14 percent YoY to Rs 1,154 crore
• Total income rises to Rs 1,159 crore
• Total expenses surges to Rs 1,044 crore

• Net profit rises 0.18 percent YoY to Rs 158 crore
• Revenue from operations rises 8 percent YoY to Rs 511 crore
• Total income rises to Rs 534 crore
• Total expenses surges to Rs 322 crore

Shares of Adani Ports rose over 1.25 percent to trade at Rs 1,111 per share. This comes after the company reported a 14 percent YoY rise in net profit to Rs 2,520 crore in Q3.

• Adani Ports reported a net profit of Rs 2,520 crore in Q3, implying a 14 percent YoY rise. This is lower than the estimated 17.3 percent year-on-year rise in net profit to Rs 2,589.4 crore suggested by Bloomberg poll of analysts.
• Its revenue however has beaten the estimate. It reported 15 percent YoY rise in revenue from operations to Rs 7,964 crore in Q3, higher than the estimated Rs 7,496.6 crore.

• Net profit jumps 14 percent YoY to Rs 2,520 crore
• Revenue from operations rises 15 percent YoY to Rs 7,964 crore
• Total income rises to Rs 8,187 crore
• Total expenses surges to Rs 5,191 crore

Shares of Dodla Dairy surged nearly 3 percent and are currently trading at Rs 1,079 apiece. This comes after the company reported a 54 percent rise in net profit to Rs 64 crore in Q3.

• Net profit rises 3 percent YoY to Rs 2,231 crore
• Interest income jumps 25 percent YoY to Rs 17,409 crore
• Total income surged 10 percent YoY to Rs 32,042 crore

• Net profit jumps 54 percent YoY to Rs 64 crore
• Revenue from operations rises 21 percent YoY to Rs 901 crore
• EBITDA surged 16 percent YoY to Rs 96 crore
• EBITDA margin reduces to 10.6 percent

Shares of Bharat Electronics (BEL) jumped over 2 percent and are currently trading at Rs 273 apiece. The company is set to announce its results for the December quarter today.

Policybazaar-parent PB Fintech's shares dropped over 1 percent and are currently trading at Rs 1,688.90 apiece. The company is set to announce its results for the December quarter today.

Shares of GAIL jumped nearly 3 percent to trade at Rs 170 apiece. The company is set to announce its results for the quarter which ended on December 31.

Shares of Kalyan Jewellers India jumped 1 percent to trade at Rs 453.90. The company is set to announce its Q3 results today.

Shares of Larsen & Toubro (L&T) jumped nearly 2 percent to trade at Rs 3,508.80 per share. The company is set to announce its Q3 results today.

Shares of Adani Ports rose 1.37 percent and are currently trading at Rs 1,112.30 per share. The country's largest private port operator is set to announce its Q3 results today.

• Tata Consumer Products is likely to outperform its FMCG peers in terms of revenue growth, despite surging raw material inflation. According to a Moneycontrol poll of seven brokerages, Tata Consumer is likely to report revenue at Rs 4,443 crore, surging 17 percent on-year.
• Net profit is likely to come in at Rs 309 crore, down from Rs 370 crore from the corresponding quarter last year, falling 16.6 percent on-year.

Chyawanprash-maker Dabur India is likely to see revenue grow in low single-digits as demand trends shall remain benign for the quarter. According to a Moneycontrol poll of 10 brokerages, Dabur India is likely to report revenue at Rs 3,366 crore, rising 3.4 percent YoY. Net profit for the quarter is likely to come in at Rs 514 crore, flat on a yearly basis.

According to Moneycontrol's poll of seven brokerages, the company's revenue for Q3FY25 will increase 18 percent YoY to Rs 4,893 crore while net profit is expected to increase 10 percent YoY to Rs 978 crore. The EBITDA margin for the quarter is expected to be around 25 percent.

Adani Ports and Special Economic Zone (APSEZ) is expected to report strong earnings growth for the third quarter of FY25, driven by steady cargo volumes and expansion through acquisitions. The country’s largest private port operator is projected to post a 17.3 percent year-on-year rise in net profit to Rs 2,589.4 crore, while revenue is estimated to grow 10.8 percent YoY to Rs 7,496.6 crore, according to a Bloomberg poll of analysts.

• According to a Moneycontrol poll of six brokerages, the revenue of the engineering, procurement, and construction (EPC) major is likely to increase nearly 18 percent YoY to Rs 65,065 crore, up from Rs 55,128 crore in the previous fiscal.
• Net profit is expected to increase around 24 percent YoY from Rs 2,947 crore. The most optimistic of the brokerages is Motilal Oswal, which estimates net profit to increase to Rs 3,800 crore.

Around 133 companies are announcing their results for the October-December quarter of the current financial year (FY25). Larsen & Toubro (L&T), Bajaj Finserv, Adani Enterprises, Adani Ports and SEZ, Bharat Electronics (BEL), Bajaj Holdings & Investment, Bank of Baroda, Shree Cements, Dabur India, Jindal Steel & Power, PB Fintech (Policybazaar), Kalyan Jewellers, Waaree Energies, Tata Consumer Products, Biocon and Gail India are some of the notable names among them.