Q3 Results Updates: HDFC Life Q3 profit jumps 14% to Rs 415 crore, net premium income up 10%

Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, reported a profit after tax of ₹13.99 crore for the quarter ending December 31, 2024. This marks a decline compared to ₹16.43 crore recorded during the same period last year.

Revenue for the October-December 2024 quarter surged 20% to ₹122.05 crore, up from ₹106.07 crore in the corresponding period of the previous year. According to Managing Director and CEO Pramod Ranjan, the growth was driven by an 11% increase in average room rates, which contributed to an operating EBITDA of ₹34 crore, reflecting a 22% year-on-year increase.

• Transrail Lighting reported a net profit of Rs 58 crore in Q3
• This marks a rise of 22% from Rs 47.5 crore profit reported in Q3 of previous year (FY24)
• Its standalone revenue from operations increased 11.5% to Rs 1,068 crore

• HDFC Life reported a net profit of Rs 414.94 crore in Q3 of FY 25
• This marks nearly 14% rise from the Rs 365.06 crore net profit reported in the same quarter of last year (Q3 FY24)
• Its net premium income jumped 10% to Rs 16,771 crore in Q3

• L&T Technology Services (LTTS) reported Rs 319.5 crore net profit in Q3.
• This marks a fall of nearly 5% from Rs 336.8 crore profit reported in Q3 of previous financial year (FY24).
• Its revenue from operations rose 10% to Rs 2,653 crore in Q3

Shares of Oriental Hotels are currently trading 3.52% higher at Rs 174.90.

The company reported a 19% rise in Q3 revenue to Rs 121.9 crore. Its net profit however dropped 15% to Rs 14.35 crore.

Shares of the PSU lender are currently trading 3.16% lower at Rs 51.10. The bank reported a 36% rise in net profit to Rs 1,407 crore in Q3. The share of net NPA remained unchanged at 0.20%

• Net profit fell around 15% year-over-year to Rs 14.35 crore in Q3
• Revenue from operations jumped over 19% to Rs 121.9 crore
• Total expenses saw a sharp rise of 20% to Rs 100.7 crore

• Bank of Maharashtra's net profit in Q3 jumped around 36% to Rs 1,406.73 crore
• Its total income rose 22% to Rs 7,112 crore
• Share of Net Non-Performing Asset (NPA) remained unchanged since Q2 at 0.20%

Shares of Axis Bank dropped around 3.3% to hit an intraday low of Rs 1,014.75 in early trade. This is the lowest level the shares have hit since April.

The shares jumped 5% to get locked in the upper circuit at Rs 157.50.

• MRP Agro reported Q3 net profit at Rs 290.68 lakhs.
• This marks a massive rise of 715.8% from the Rs 35.63 lakh profit reported in Q3 of previous financial year.
• Revenue from operations surged 119.46% year-over-year to Rs 4,783.41 lakh in Q3.

Shares of Maharashtra Scooters pared some earlier gains and is now trading 1% higher at Rs 9,340.75. The shares had earlier jumped over 5% to hit an intraday high of Rs 9,732.9.

• Maharashtra Scooters reported Rs 330 lakh net profit in Q3, up 230% from the Rs 100 lakh profit reported in Q3 of previous financial year.
• Revenue from operations dropped over 9% year-over-year to Rs 579 lakh.

• HDFC Life had posted a 15% year-over-year increase in net profit to Rs 433 crore in Q2, beating Street expectations.
• This was led by healthy premium collections and investment income.
• The insurer's net premium income for the July-September quarter rose 12.3% on-year to Rs 16,570 crore.

Larsen & Toubro Tech Services (LTTS), CEAT, HDFC Life, Oracle, NELCO are among the notable companies who are set to announce their Q3 results today.

CEAT shares are in focus today as the firm is set to announce its Q3 results on January 15. The shares are currently trading flat, only 0.96% higher at Rs 3,071.20.

Shares of L&T Technology Services Ltd are currently trading around 4% higher at Rs 4907.65. The stock had opened at Rs 4710.55, higher than the previous close of Rs 4706.80.

HDFC Life Insurance shares are currently trading over 2% lower at Rs 586.70. This comes after the stock opened flat at Rs 605.05 on January 15.