Q3 Results 2025 Highlights: Cyient DLM, India Cements shares crash, IndiaMart, ICICI Prudential, Tanla Platforms tank 10%; HDFC Bank gains 1%

FMCG major Hindustan Unilever Ltd on Wednesday reported a 19.18 per cent rise in consolidated net profit at ₹2,989 crore in the December quarter, boosted by the sale of its ‘Pureit’ business.

The company, which posted a consolidated net profit of ₹2,508 crore in the same quarter of the last fiscal year, said it will acquire 90.5 per cent shareholding of Uprising Science Pvt Ltd -- the firm behind the premium beauty brand Minimalist -- comprising secondary buyout for a cash consideration of ₹2,670 crore at a pre-money enterprise valuation of ₹2,955 crore.

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State-run Bharat Petroleum Corporation (BPCL) on Wednesday reported a 20 per cent year-on-year growth in its consolidated net profit at around ₹3,806 crore during the December quarter in FY25. On a sequential basis, the oil marketing company’s net profit was higher by 66 per cent.

The company’s consolidated total income stood at around ₹1.28 lakh crore in Q3 FY25 from ₹1.31 lakh crore in Q3 FY24 and ₹1.19 lakh crore in Q2 FY25.

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Persistent Systems board has approved the payment of an Interim Dividend of ₹20. 

Company’s consolidated net profit for the quarter ended December 2024 rose to ₹372.99 crore from ₹286.13 crore in the corresponding quarter previous year.

Shares closed in red, lower by 4.10% on the NSE at ₹5,655.

20 Microns recorded its consolidated net profit for the quarter ended December 2024 at ₹12.92 crore as against ₹11.50 crore in the corresponding quarter previous year.

Shares closed at ₹230.20 on the NSE, lower by 3.79%.

Hindustan Unilever Limited recorded its consolidated net profit for the quarter ended December 2024 at ₹2,989 crore, up from ₹2,508 crore in the corresponding quarter previous year.

Shares close flat on the NSE at ₹2,340.

Stel Holdings’ consolidated net profit for the quarter ended December 2024 declined ₹8.91 lakh from ₹9.79 lakh in the corresponding quarter previous year.

Shares down 3.12% on the NSE to ₹385.30.

Tata Technologies Limited has announced its financial results for the quarter ended December 31, 2024, showcasing steady growth in revenue and profitability. The company reported a total operating revenue of ₹1317.4 crore, reflecting a year-on-year (Y-o-Y) increase of 2.2 per cent and a quarter-on-quarter (Q-o-Q) rise of 1.6 per cent. The services segment revenue stood at ₹1012.7 crore, marking a 1.2 per cent Y-o-Y growth and a 0.8 per cent Q-o-Q increase. In constant currency terms, the services segment revenue witnessed a Q-o-Q growth of 1.1 per cent.

Tata Technologies achieved an operating EBITDA of ₹234 crore, with an EBITDA margin of 17.8 per cent. Earnings before interest and taxes (EBIT) rose 3.1 per cent Q-o-Q to ₹211.9 crore , with the EBIT margin improving by 20 basis points (bps) Q-o-Q to 16.1 per cent.

Net income for the quarter came in at ₹168.6 crore, reflecting a 7.1 per cent sequential growth. The net margin improved by 70 bps Q-o-Q to 12.8 per cent.

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Heritage Foods recorded its consolidated net profit for the quarter ended December 2024 at ₹43 crore as against ₹26.90 crore in the corresponding quarter previous year.

Shares gained 2.24% on the NSE to ₹451.75

Housing & Urban Development Corporation board has approved a slew of proposals:

• Interim dividend of ₹2.05 per share for FY24-25.
• Enhancement of existing borrowing plan from ₹40,000 cr to ₹55,000 crore.
• Proposal to exit from Ind Bank Housing Ltd

The company recorded its consolidated net profit for the quarter ended December 2024 grew to ₹735.03 crore from ₹519.23 crore in the corresponding quarter previous year.

Shares traded 1.66% lower on the NSE at ₹225.62

Polycab India reported its consolidated net profit for the quarter ended December 2024 at ₹46.43 crore as against ₹41.65 crore in the corresponding quarter previous year. 

Shares dip 5.22% on the NSE to ₹6,217.

RattanIndia Power recorded a consolidated net profit of ₹4.33 crore for the quarter ended December 2024 as against the loss of ₹587 crore in the corresponding quarter previous year.

Shares gained 4.46% on the NSE to ₹13.11.

Tata Communications’ board has approved the proposal for making an investment in its step down wholly owned subsidiary, Tata Communications (Netherlands) B.V. (“TC Netherlands”). 

Company’s consolidated net profit stood at ₹236.08 crore for the quarter ended December 2024 as against ₹45.05 crore in the corresponding quarter previous year.

Shares traded at ₹1,656.65 on the NSE, lower by 2.38%.

HDFC Bank recorded it’s consolidated net profit for the quarter ended Dec 2024 at ₹17,656.61 crore as against ₹17,258.87 crore in the corresponding quarter previous year. 

Shares gain 1.47% to ₹1,666.60 on the NSE. Track live updates

Persistent Systems stock tumbled nearly 8% to ₹5,445 ahead of Q3 results.

R. S. Software (India)‘s net profit fell sharp to ₹6.29 lakh for the quarter ended December 2024 from ₹634.80 lakh in the corresponding quarter previous year. 

Shares drop 2% on the NSE to ₹173.04 

India Cements stock crashed nearly 13% to hit ₹303.45 on the NSE, after reporting a standalone net loss of ₹428.84 crore for the quarter ended December 2024. 

State-run Bharat Petroleum Corporation (BPCL) is expected to post a better set of results on a sequential basis aided by strong auto-fuel marketing margin and improvement in gross refinery margins (GRMs).

However, the oil marketing company (OMC) may take some hit over losses in marketing of liquefied petroleum gas (LPG) during the December quarter. BPCL is scheduled to report its Q3 FY25 results on Wednesday.

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Shares of ICICI Prudential Life Insurance tanked 10 per cent to hit a low of ₹572 despite 43 per cent jump in Q3 net profit to ₹326 crore.

Its net premium income for the quarter ended December 2024 rose to ₹12,261 crore, as against ₹9,929 crore a year ago, and the assets under management (AUM) increased to ₹3.10 lakh crore as against ₹2.86 lakh crore, according to the stock exchange filing.

Brokerages have slashed target prices, disappointed by the VNB (value of new business) growth margins as the product mix evolved negatively.

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Elecon Engineering Company’s consolidated net profit for the quarter ended December 2024 rose to ₹107.54 crore from ₹90.40 crore in the corresponding quarter previous year.

Shares traded at ₹592.35 on the NSE, down 2.19%.

Vardhman Textiles recorded its consolidated PAT for the quarter ended December 2024 at ₹211.77 crore as against ₹161.86 crore for the corresponding quarter previous year.

Shares inched up 0.36% on the NSE to ₹479.85

Indbank Merchant Banking Services’ net profit for the quarter ended December 2024 dipped to ₹11.7 crore as against ₹2.55 crore in the corresponding quarter previous year.

Shares fell 6.35% on the NSE to ₹39.55.

Cyient DLM shares plummet nearly 14% to hit a low of ₹515.50 on the NSE after Q3 results.

The company reported its consolidated net profit for the quarter ended December 2024 at ₹10.99 crore as against ₹18.44 crore in the corresponding quarter previous year.

IndiaMart InterMesh stock slumps 10% after Q3 results and brokerage reactions.

Indiamart Intermesh recorded its consolidated net profit for the quarter ended December 2024 at ₹120 crore as against ₹80.6 crore in the corresponding quarter previous year. Brokerages such as Nuvama and Nomura have slashed TPs.

ICICI Prudential Life stock tanked nearly 10% to hit a low of ₹572 despite 43% jump in Q3 net profit to ₹326 crore.

The bank reported a 43 per cent jump in net profit to Rs 483 crore for the December quarter. 

Shares hit a high of ₹935 on the NSE on Wednesday, and declined 1.57% to ₹884.40 as at 10.18 am.

Commentary on credit, deposit growth and margin trajectory eyed

Read the report by Piyush Shukla of businessline here; Live stock updates here

Zomato shares dipped further by 5% to hit a low of ₹203.85, following Q3 results.

Currently trades 3.03% lower on the NSE at ₹208.05.

Brokerages cheer strong execution for long-term gain | Read more here

* Tanla Platforms* stock declined nearly 7% to hit an intraday low of ₹618.05 on the NSE. Company’s consolidated net profit after tax for the quarter ended December 2024 declined to ₹118.51 crore as against ₹140.13 crore in the corresponding quarter previous year.

The company’s board has approved sale/ disposal of 100% equity stake in Gamooga Softtech Private Limited (“Gamooga”), a WhollyOwned subsidiary of the Company to Karix Mobile Private Limited (“Karix”), another WhollyOwned Subsidiary of the Company. 

It has also declared interim dividend for the FY 2024-25 at the rate of ₹6 per equity share.

Tata Technologies shares declined 2.45% on the NSE to ₹796.85, after company reported a drop in PAT for the quarter ended December 2024 at ₹168.64 crore as against ₹170.22 crore in the corresponding quarter previous year.

India Cements reported net loss for the third quarter of 4.29 billion rupees vs. loss 165.1 million rupees y/y.

THIRD QUARTER RESULTS

Net loss 4.29 billion rupees vs. loss 165.1 million rupees y/y, estimate loss 1.66 billion rupees (Bloomberg Consensus)

Revenue 9.03 billion rupees, -16% y/y, estimate 10.11 billion rupees

Total costs 12.2 billion rupees, +6.1% y/y

Raw material costs 2 billion rupees, +11% y/y

Power and fuel expense 3.99 billion rupees, +7.8% y/y

Other income 106.2 million rupees, -37% y/y

Cement maker Dalmia Bharat reported a 75 per cent decline in profit after tax to ₹66 crore for the quarter ending December 31, 2024. Profit in the year-ago period was ₹266 crore.

Revenue from operations dipped 12 per cent, y-o-y, to ₹3,181 crore, versus ₹3,604 crore in the year-ago period, following a sharp dip in cement prices.

The company saw a 2 per cent year-on-year volume decline while EBITDA fell 34.5 per cent year over year to ₹511 crore.

According to Puneet Dalmia, Managing Director & CEO of Dalmia Bharat Limited, cement demand growth is expected to regain momentum. “Our capacity expansion plans are on track as we will reach 49.5 MnT by the end of this year,” he said.

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SOUTH INDIAN BANK: Q3 SL NET PROFIT 3.4B RUPEES VS 3.05B (YOY), Q3 NNPA 1.25% VS 1.31% (QOQ) (NUMBERS SEEN INLINE WITH IMPROVEMENT IN ASSET QUALITY)

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Results calendar: HDFC Bank, HUL, Pidilite Inds, BPCL, Polycab, Persistent Systems, Coforge, Pidilite Industries, Tata Communications, HUDCO, Kaynes Technology, Go Digit, Zensar Technologies, Gravita India, Vaedhaman Textiles, Elecon Engg, Nuvoco Vistas Corp, Tips Music, Rattan India Power, Laxmi Organic Industries, NIIT Learning, Cigniti Technologies, Heritage Foods, Accelya Solutions, 20 Microns and Ujaas Energy

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A slowdown in urban demand will likely impact Hindustan Unilever Ltd (HUL)‘s revenue in Q3 FY25. Revenue is expected to grow by 3 per cent to ₹16,050 crore in the quarter ended on December 31.

According to analysts, the rural market performed better than urban areas during the quarter, single-digit volume growth was witnessed with price increases taken in soaps and tea categories.

“Gross margins are expected at 49.5 per cent as compared to 50.6 per cent Y-o-Y, competition across categories to weigh on demand. Higher royalty rates and termination of GlaxoSmithKline (GSK)‘s consumer distribution could impact margins,” according to HDFC Securities.

The FMCG market leader will report its results on January 22.

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