Tag Q3 earnings

Q3 FY25 Results
Q3 FY25 Results: Torrent Pharma, JSW Steel, DLF, IndiGo, and Godrej Consumer

1. Torrent Pharmaceutical results in the 3rd quarter: Net profit increased by 14% compared to the previous year as ₹ 503 CR; Income ₹ 2,809 CR.

Torrent Pharmaceuticals The net profit report increased by 14% in the 3rd quarter of the year 2025 to 5,030 million rupees, which supports strong growth in the domestic market. The company’s revenue has increased from 2,732 tens of millions of rupees to 2,809 million rules in the same period last year.

  • Businesses in India: The growth of 12% YOY is ₹ 1,581 ten million rupees, which supports the focus.
  • Business in Germany: 4% increased income compared to the previous year as ₹ 282 ten million
  • Business in the United States: 1% revenue of income of ₹ 271 ten million rupees

The Committee approved the latest dividend payment ₹ 26 per share (valued value ₹ 5), which will be paid around February 15, 2025.

2. JSW Steel Q3 results: Profit fell 70.31% YoY, revenue drops 1.34%

JSW Steel reported a YoY decline of 70.31% in net profit to ₹717 crore for Q3 FY25 with revenue slipping by 1.34% YoY. But on a sequential basis, revenue grew 4.27% and profit was up 63.33%.

  • Operating Income: Declined 38.68% YoY but improved 11.03% QoQ.
  • Expenses: Selling, General & Administrative (SG&A) expenses dropped 5.82% QoQ and 2.79% YoY.
  • Earnings Per Share (EPS): Declined 67.71% YoY to ₹3.19.

The company’s market capitalization stands at ₹226,890.3 crore, with a 52-week high of ₹1,063 and a low of ₹761.75.

3. DLF Q3 Results: Net Profit Soars 61%, Revenue Remains Steady

DLF has reported a outstanding 61% jump in net profit for the 3rd quarter of FY25, reaching ₹656.6 crore. However, its revenue saw only a inappreciable increase of 0.5%, totaling ₹1,528.7 crore. The company’s operating profit (EBITDA) decreased by 21.7% to ₹400 crore, with margins narrowing to 26.2% compared to 33.6% last year. Despite this, DLF’s net profit growth reflects strong underlying performance in the real estate sector.
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    4. Indigo Q3 Results: Profit 18% Yoy despite strong revenue growth

    Interglobe Aviation, a Carent company of Indigo, reported that net profit for Q3 FY23 fell 18% Y-O-Y to Q3 FY2024. Last year’s decline was due to a lack of periodic adjustments for the festive season.

    • Revenue: Up 14% year-on-year to Rs 22,111 crore, driven by a 12% increase in available seat kilometers (ASK) and driven by a 13.5% increase in passenger revenue (RPK).
    • Weighting factor: increased 1.2 percentage points to 86.9%.
    • Seek (Ex-fuel): Jumped sharply 23.1% Yoy to ₹3.

    5. Godrej Consumer Products Q3 Results: Net profit increased by 14% YoY. Revenue increased by 3%.

    Net profit at the foster product of Godrej, reduced by 14.2% YOY to ₹ 498 million rupees. Estimates about 525 million -year -old analysts. The income increases by 3%. YOY is ₹ 3,768 million rules.

    • EBITDA: 10.1% YoY is ₹ 756 ten million. The profit margin is reduced by 20.1% from 23% last year.
    • Highlights: ₹ 3,768 million hole, year, received compared to ₹ 3,660 million rupees, YOY (Bloomberg about 3,709 million rupees)
    Dixon Technologies Q3 Earnings
    Dixon Technologies Q3 Earnings: Pioneering India’s Electronics Manufacturing Revolution

    Dixon Technologies Ltd: Overview 

    Dixon Technologies (India) Limited, established in 1993, is a leading Electronics Manufacturing Services (EMS) provider in India, operating across segments like consumer electronics, lighting, home appliances, CCTVs, mobile phones, and reverse logistics. It also produces security surveillance equipment, wearable, audible, and AC-PCBs. The company recently formed a joint venture with Imagine Marketing Pvt Ltd. for wireless audio solutions. As one of India’s largest LED TV manufacturers, Dixon caters to over 35% of the country’s demand and is a leading ODM player in lighting with extensive capacity across SKUs. It has the largest semi-automatic washing machine portfolio with models ranging from 6 kg to 14 kg. Headquartered in Noida, Dixon has 22 manufacturing facilities across India. It plans a capital expenditure of ₹300-400 crore annually over the next two years, alongside debt repayment obligations of ₹90-110 crore per year. Notable achievements include manufacturing 11 million smartphones, 26 million feature phones, and rolling out India’s first ODM-based Google TV solutions. The EMS industry in India is poised for substantial growth, driven by rising domestic consumption, government initiatives like “Make in India” and the production-linked incentive (PLI) scheme, and the increasing shift of global manufacturing supply chains toward India. The demand for electronics across sectors such as consumer durables, telecommunications, and industrial automation has created a favourable environment for companies like Dixon. However, the industry faces challenges such as dependency on imported components and price sensitivity in the domestic market. Despite these hurdles, Dixon Technologies is well-positioned to benefit from the sector’s growth trajectory, given its strong operational capabilities, focus on backward integration, and a robust order pipeline. The company’s proactive approach to expanding its product portfolio and leveraging government support further cements its status as a leader in the Indian EMS landscape. 

    Latest Stock News 

    Shares of Dixon Technologies Ltd. saw a significant drop of 14% in trading on Tuesday, January 21, following analysts’ concerns over its valuation after the company’s quarterly results, which largely met expectations. This marked the largest single-day decline for the stock since January 27, 2023, when Dixon had lowered its guidance for the financial year 2024. The company reported a robust 190% growth in its core Mobile business, now accounting for nearly 90% of its total revenue. However, other aspects of the company’s performance were in line with analyst predictions. In a note, Jefferies pointed out that while the mobile production-linked incentive (PLI) scheme is set to expire in 2026, consumer electronics sales had dropped by 32% year-on-year. Goldman Sachs maintained a “sell” rating on the stock with a price target of ₹10,240, even lower than Jefferies’ estimate. Analysts at Goldman Sachs suggested that the earnings upgrade cycle for Dixon might have stalled, and with high valuations and slower growth, the stock may underperform in the near term. Dixon’s future growth is expected to stem from its focus on backward integration, particularly in the display, camera, and battery module assembly sectors. The company also plans to establish a display fab, which could enhance its control over the supply chain and transform it into a more vertically integrated electronics manufacturer. However, the success of these initiatives depends heavily on their execution, making them a critical factor in Dixon’s ability to drive sustained growth moving forward. 

    Q3 FY24 Earnings 

    • Revenue of ₹10454 crore in Q3 FY25 up by 117% YoY from ₹4818 crore in Q3 FY24.  
    • EBITDA of ₹391 crore in this quarter at a margin of 4% compared to 4% in Q3 FY24. 
    • Profit of ₹216 crore in this quarter compared to a ₹97 crore profit in Q3 FY24. 

    IDBI Bank Ltd Q3 Earnings
    IDBI Bank Ltd: Driving Growth and Stability in India’s Banking Sector

    IDBI Bank Ltd: Overview 

    IDBI Bank Ltd., a prominent player in the Indian banking sector, operates as a full-service bank offering a wide range of financial products and services to retail, corporate, and small business clients. Originally established in 1964 as the Industrial Development Bank of India, it was created to support India’s industrial growth. Over the years, it transitioned into a commercial bank while retaining its developmental focus. The bank’s offerings include savings and current accounts, loans, investment products, and payment solutions, alongside specialized services like project financing and treasury operations. Now majority-owned by Life Insurance Corporation of India (LIC), IDBI Bank benefits from the backing of one of the country’s largest financial institutions, which bolsters its financial stability and brand value. With a network of branches and ATMs spread across the nation, IDBI Bank aims to serve diverse customer segments effectively, supported by digital initiatives to enhance convenience and accessibility. The Indian banking industry is poised for steady growth, driven by economic expansion, increasing digital adoption, and a rising demand for financial inclusion. The sector is seeing a significant push toward modernization, with banks focusing on technology to streamline operations and improve customer experiences. However, challenges like rising competition, non-performing assets (NPAs), and regulatory pressures remain concerns. Within this dynamic environment, IDBI Bank is strategically positioned to leverage its strong parentage, operational expertise, and evolving digital capabilities to capture emerging opportunities. Its focus on improving asset quality and expanding its retail and MSME portfolios aligns with the broader industry trend of risk management and growth diversification. 

    Latest Stock News 

    Asset quality for IDBI Bank remained stable on a sequential basis, with gross non-performing assets (NPA) at 3.57% compared to 3.68% in the previous year. Net NPA for the quarter stood at 0.18%, showing a slight improvement from 0.2% in the preceding quarter. In another key development, the bank’s board approved the sale of its entire holding of 8.54 lakh shares, valued at ₹100 each, in Pondicherry Industrial Promotion Development and Investment Corporation Ltd. (PIPDIC), which represents a 21.14% stake in the associate company. 

    The disinvestment process for IDBI Bank is gaining traction, with financial bids for a 60.72% stake expected to be invited by the end of the current fiscal year, according to government sources. This stake sale, which includes 30.48% held by the government and 30.24% by LIC, will involve transferring management control as part of the strategic sale. The process is one of the largest disinvestment efforts in the banking sector. Before proceeding, the Reserve Bank of India (RBI) conducted a “fit and proper” assessment of the bidders, ensuring compliance with regulatory norms. 

    Following RBI clearance, the government opened a data room in November to allow bidders access to IDBI Bank’s legal and financial documents. This move facilitates a thorough due diligence process, enabling bidders to evaluate the bank’s performance and request additional information as needed. With these preparations in progress, financial bids are anticipated to finalize the future ownership structure of IDBI Bank by March 2025, marking a significant milestone in its strategic sale. 

    Q3 FY24 Earnings 

    • Revenue of ₹7819 crore in Q3 FY25 up by 19.4% YoY from ₹6549 crore in Q3 FY24.  
    • EBITDA of ₹1854 crore in this quarter at a margin of 24% compared to 15% in Q3 FY24. 
    • Profit of ₹1954 crore in this quarter compared to a ₹1515 crore profit in Q3 FY24. 
    Wipro to Hire 10,000-12,000 Freshers Annually
    Wipro to Hire 10,000-12,000 Freshers Annually; Strong Q3 Results & Growth Plans

    Wipro Ltd: Overview 

    We are a leading information technology services and consulting company, focused on building innovative solutions to unlock our clients’ boldest ambitions. Anchored in our vision to become an AI-centric organization, we leverage our comprehensive portfolio of capabilities in consulting, design, engineering, and operations to offer tailored solutions that address our clients’ most complex digital transformation needs. With a global workforce of over 230,000 committed individuals across 65 countries, we fulfil our promise of helping our customers, colleagues, and communities thrive in an ever changing world. IT service offerings are categorized under four Global Business Lines (GBLs), designed to drive focused growth in our priority markets. The offerings combine global expertise with local geo-focus in building capabilities while ensuring a dedicated sales presence closely aligned with the needs and preferences of our clients. Global technology spending grew at a slower pace of 4.4% year-over-year in the calendar year ended December 31, 2023, with enterprise software and IT services being the primary drivers of growth and de-growth seen in hardware and devices. t, AI-related activities have witnessed a significant uptick with 2.7x growth in activities related to industry collaborations and partnerships, product/service launches and enterprise. It is expected that there will be an increase in foundational spend across cloud, IT modernization, digital customer experience, and digital engineering projects. 

    Latest Stock News (20 Jan, 2025) 

    Technology services provider Wipro Ltd will hire 10,000 to 12000 freshers every year starting from next fiscal year, according to its Chief Human Resources Officer Saurabh Govil. For 2024-25 (FY25), Wipro aims to hire between 9,000 and 10,000 freshers, with plans to scale up in subsequent years, he said. Wipro reported better-than-expected October-December 2024 quarter results. The company projected fourth-quarter revenue growth to range from -1% to +1% in constant currency terms. The third-quarter performance was driven by quick deal wins and growth in healthcare and banking sectors, according to CEO Srini Pallia. CFO Aparna Iyer attributed the margin improvement highest in three years despite wage hikes to rigorous execution, high utilisation rates, improved offshoring, and cost optimisations in non-client-facing roles and overheads. Iyer stated that, we have had free cash flow generation, which is upwards of 130% even year to date; we had a powerful cash flow generation for the last two years. Our cash is at an all-time high, and we felt this was the right time. We also laid out our strategic priorities, and we are very clear that we are now ready to increase the committed payout levels, and therefore we have done that. We have also announced an interim dividend of ₹6 per share, which is substantially more than what we have done in the past. So increased capital allocation and increased dividend quantum. 

    Business Segments

    • IT Services: This is the largest segment and encompasses a broad range of services, including consulting, application development, system integration, and digital transformation. Within IT Services, Wipro caters to industries such as Banking, Financial Services, and Insurance (BFSI), Consumer Goods, Healthcare, Manufacturing, Energy, Technology, and Communications. Wipro also focuses on emerging areas like cybersecurity, analytics, and AI-driven automation to help clients optimize operations and enhance customer experiences. 
    • IT Products: Wipro’s IT Products segment provides enterprise-class hardware and software solutions to meet the infrastructure needs of businesses. The offerings include computing, networking, and storage solutions, primarily targeted at Indian enterprises and government clients. 
    • Business Process Outsourcing: This segment encompasses business process outsourcing (BPO), process automation, and platform-based solutions. It focuses on delivering operational efficiency and scalability for industries such as retail, utilities, and healthcare, leveraging technologies like robotic process automation (RPA) and AI. 
    • Cloud & Infrastructure Services: This segment specializes in cloud migration, management, and optimization services. It helps businesses modernize their IT infrastructure to achieve agility and cost efficiency through partnerships with major cloud providers like AWS, Microsoft Azure, and Google Cloud. 

    Subsidiary Information

    • Wipro LLC: This subsidiary operates in the United States, focusing on delivering Wipro’s comprehensive suite of IT services, including consulting, digital transformation, and business process outsourcing, to clients across various industries. Wipro LLC plays a crucial role in strengthening Wipro’s presence in the North American market. 
    • Wipro Philippines Inc.: Established to cater to the Asia-Pacific region, Wipro Philippines Inc. provides a range of IT and BPO services. The company is domiciled in the Philippines and was incorporated and registered with the Philippine Securities and Exchange Commission. It operates as a 99.99% owned subsidiary of Wipro IT Services SE, delivering tailored solutions to meet the diverse needs of clients in the region. 
    • Wipro IT Services UK Societas: Incorporated in the United Kingdom, Wipro IT Services UK Societas serves as an investing and holding company. It is a subsidiary of Wipro Limited and plays a strategic role in managing investments and overseeing operations within the UK and Europe. 
    • Wipro Holdings (UK) Ltd: This entity functions as a holding company in the United Kingdom, managing Wipro’s investments and subsidiaries in the region. It supports Wipro’s strategic initiatives and expansion plans within the UK and European markets. 

    Q3 FY25 & Business Highlights 

    • Revenue of ₹22319 crore in Q3 FY25 up by 0.51% YoY from ₹22205 crore in Q3 FY24.  
    • EBITDA of ₹4540 crore in this quarter at a margin of 20% compared to 19% in Q3 FY24. 
    • Profit of ₹3367 crore in this quarter compared to a ₹2701 crore profit in Q3 FY24. 
    • Wipro has made great progress in consulting of AI powered industry and cross industry solutions. 
    • The large deals have decreased this quarter but medium and small deals have strong demand. 
    • Demand form America is as usual high, and Europe demand is increasing as they are focusing more on cost optimization and this demand will be reflected in Q4 FY25. 
    • As per America’s budget information, their focus is more on developing and spending on Gen AI and Cloud infrastructure, so more demand is on that side. 

    Financial Summary 

    INR Cr. Q3 FY24 Q3 FY25 FY23 FY24 
    Revenue 22205 22319 90488 89760 
    Expenses 18007 17779 73649 73008 
    EBITDA 4198 4540 16839 16752 
    OPM 19% 20% 19% 19% 
    Other Income 598 1005 2275 2631 
    Net Profit 2701 3367 11366 11112 
    NPM 12.5% 15.1% 12.6% 12.4% 
    EPS 2.58 3.2 10.3 10.6