Published on: February 6, 2025
Mahindra & Mahindra (M&M) is poised to release its third-quarter earnings report for FY25 on February 7, with analysts forecasting a 23% year-on-year revenue increase to Rs 31,040 crore. Net profit is expected to rise 26% to Rs 3,089 crore, driven by strong volumes in its auto and farm equipment segments.
Despite an overall slowdown in the auto sector, M&M reported a 4% rise in vehicle sales, including 3,67,273 units in Q3. The tractor segment is also anticipated to show solid growth. Key factors to watch include EV order bookings and the demand outlook for new EV models. M&M shares are trading at Rs 3,161, after a remarkable 83% gain in 2024.
Published on: February 6, 2025
PVR Inox, India’s largest multiplex chain, posted a three-fold increase in its third-quarter profit, driven by a robust line-up of new film releases and the festive season's movie-goer rush. The company, formed by the merger of PVR and Inox, reported a consolidated net profit of Rs 35.9 crore for the quarter ending December 31, up from Rs 12.8 crore in the same period last year.
The surge in profit came as popular films such as "Bhool Bhulaiyaa 3," "Singham Again," and the record-breaking "Pushpa 2" attracted large audiences, with "Pushpa 2" alone contributing 36% to box office collections.
Overall revenue for the quarter increased by 11% to Rs 1,717 crore, while food and beverage revenue grew by 9.4%. The company also noted a strong rebound in box office sales, particularly from Hollywood films like "Mufasa" and "Venom: The Last Dance."
Published on: February 6, 2025
Ola Electric Mobility Ltd., India's largest electric two-wheeler manufacturer, is set to announce its financial results for the December 2024 quarter on Friday, February 7, 2025. The company, which went public in 2024 and has a market capitalization of over Rs 32,000 crore.
It is expected to provide insights into its financial performance, including the revenue from its popular electric scooter range, including the Ola S1 Air, Ola S1X, and S1 Pro models. Ola Electric's senior management, including Founder Bhavish Aggarwal and CFO Harish Abichandani, will address analysts and institutional investors during an earnings call at 5:30 PM IST on February 7.
The company’s share price has fluctuated in recent months, rising 6% in the past five trading sessions but experiencing a 7% decline over the past month and a 20% fall over the last six months. The Q2 FY25 results reported a 39% YoY revenue increase, narrowing the EBITDA loss and improving net loss figures.
Published on: February 6, 2025
ITC Ltd. is set to report an 8% year-on-year revenue growth for Q3 FY25, driven by strong performance in its cigarette, hotels, and agri segments, despite continued margin pressures due to input cost inflation. Brokerage firms like Nuvama Institutional Equities and Mirae Asset Sharekhan predict modest growth in the company’s revenue, but a decrease in net profit due to higher operating costs.
Cigarette volumes are expected to grow 3.5% YoY, while the Hotels and Agri sectors are projected to see significant growth, aided by the wedding season and strong tobacco sales. Despite a gross margin expansion, ITC’s EBITDA margin is expected to decline due to rising input costs, with an anticipated 11% YoY drop in adjusted profit after tax.
Additionally, the company’s Hotels business, recently demerged, will have a distinct presence on the stock exchanges post-January 2025. The ITC stock opened at Rs 450.10 on BSE, continuing its steady performance.
Published on: February 6, 2025
Crisil Ratings Ltd. has revised its outlook for the long-term bank facilities and non-convertible debentures of Adani Green Restricted Group 1 to 'positive,' while reaffirming its rating at 'Crisil AA+'. The outlook revision is driven by better-than-expected plant performance and successful refinancing of $500 million bonds.
With consistently strong power generation surpassing P90 levels and solid debt servicing capacity, the group is expected to maintain robust performance going forward. In addition to this positive outlook, Adani Green Energy Ltd. reported a significant 85% year-on-year growth in its net profit for Q3 FY25, reaching Rs 474 crore, up from Rs 256 crore in the same period last year.
The company's consolidated revenue also saw a modest increase of 2.3%, standing at Rs 2,365 crore compared to Rs 2,311 crore in Q3 FY24. Despite some risks related to operating solar assets and currency fluctuations, the company’s strong revenue visibility and liquidity remain a key strength.
Published on: February 6, 2025
Mining stocks closed in negative territory on Monday, with KIOCL Ltd. standing out as a top performer, gaining 7.94%. However, other mining stocks struggled, with Sandur Manganese & Iron Ores Ltd., MOIL Ltd., and Ashapura Minechem Ltd. among the top losers, seeing declines of 6.64%, 6.59%, and 5.79% respectively.
The broader market also faced pressure, as the NSE Nifty50 index dropped 388.71 points to settle at 23,616.05, and the BSE Sensex closed down by 1,258.12 points at 77,964.99.
In the Nifty pack, stocks like Apollo Hospitals, Tata Consumer Products, and Titan Company posted gains, while ITC, Tata Steel, and Bharat Petroleum Corporation led the decliners, with significant losses across energy, banking, and metal sectors.
Published on: February 6, 2025
The Nifty IT index saw a positive movement on Thursday around 10:04 AM (IST) despite a weak overall market. The index was up by 0.33% at 43,028.15 points, with Persistent Systems, MphasiS, Coforge, Infosys, and HCL Technologies leading the gains. In contrast, stocks like LTIMindtree, Tata Consultancy Services, and L&T Technology Services were among the top losers within the sector.
At the same time, the benchmark NSE Nifty50 index was down by 62.8 points, at 23,633.5, and the BSE Sensex dropped by 185.35 points, closing at 78,085.93. Among the 50 Nifty stocks, 17 were in the green, while 33 were in the red.
Several stocks including Vodafone Idea, Reliance Power, IDFC First Bank, Swiggy, and YES Bank were among the most actively traded on the NSE. Additionally, stocks like Aarti Pharmalabs, Pansari Developers, and Worth Peripherals reached fresh 52-week highs, while others such as Ankit Metal Pwr, AGS Transact Tech, and Swiggy hit new 52-week lows.
Published on: February 6, 2025
Surya Roshni Ltd, a leading manufacturer of steel GI pipes and lighting products, posted a slight dip in its consolidated net profit for the December quarter, falling to Rs 89.9 crore from Rs 90.1 crore in the same period last year. The company reported a 3.6% drop in revenue from operations, totaling Rs 1,867.96 crore compared to Rs 1,937.80 crore in Q3FY24.
The decline in revenue was attributed to an 18% fall in average Hot-Rolled Coils (HRC) prices on a year-on-year basis. The Steel Pipe & Strips segment saw a 7.7% dip in revenue, though the steel pipes business showed signs of recovery with increased volumes and improved institutional sales.
In contrast, the Lighting & Consumer Durables segment performed well, posting a 12% growth to Rs 451.5 crore, driven by strong demand for professional lighting, decorative fans, and home appliances. Despite the revenue decline, Surya Roshni reported a decrease in total expenses by 3.7%, helping to maintain operational efficiencies. The company’s shares ended 1.45% lower at Rs 254.60 on the BSE.
Published on: February 6, 2025
Bharti Airtel reported a massive 505% year-on-year increase in net profit, reaching Rs 14,781 crore for the quarter ending December 31, 2024, thanks to a one-time gain from consolidating a majority stake in Indus Towers. The telecom company posted a 19% rise in revenue, hitting Rs 45,129 crore, compared to Rs 37,900 crore in the same quarter last year.
The company’s strong performance also reflected a 24.6% year-on-year increase in India revenues, boosted by mobile tariff hikes and premiumization of its customer base. Its mobile data consumption surged 23.2% year-on-year, and Airtel added 0.6 million postpaid customers, raising its total to 25.3 million. In addition, Airtel's overall customer base grew 4.7% to 577 million across 15 countries.
Airtel's robust cash flow, continued deleveraging, and prudent capital allocation contributed to the company’s solid balance sheet. Despite the positive quarterly results, Airtel's shares closed 2.32% lower at Rs 1,622 on February 6. The company remains optimistic about the long-term value creation and further tariff repairs in the industry to sustain growth.
Published on: February 6, 2025
Today’s Q3 results reflect significant movements in key sectors with leading companies reporting their financial performance for the third quarter of FY25. Shriram Life Insurance posted a 14% drop in net profit but saw a strong 37% surge in its total premium.
State Bank of India (SBI) reported an impressive 84% rise in its standalone net profit to ₹16,891 crore, driven by a growth in net interest income and lower operating costs.
Tyre giant MRF faced a 38% decline in net profit due to higher raw material costs, despite a rise in revenue. Other major companies like MRF, Reliance Power, PVR-Inox, and Data Patterns also posted notable results, signaling varying trends in the Indian corporate landscape.
Published on: February 6, 2025
State Bank of India (SBI) reported a remarkable 84.32% year-on-year rise in standalone net profit for Q3FY25, reaching ₹16,891.44 crore, compared to ₹9,163.96 crore in the same quarter last year. However, the profit showed a sequential decline of around 8%.
The bank’s interest income rose 10% to ₹1,17,427 crore, and its Net Interest Income (NII) saw a 4% increase, reaching ₹41,446 crore. The operating profit for Q3FY25 stood at ₹23,551 crore, reflecting a 15.81% growth year-over-year. SBI’s asset quality remained stable, with the Gross NPA ratio decreasing slightly to 2.07%, and the Net NPA ratio remained at 0.53%.
Despite strong financials, SBI’s stock was down by 1.31% at ₹756.10 per share in intraday trading, with technical analysts suggesting potential further declines based on support levels at ₹749 and resistance near ₹770–780.
Published on: February 6, 2025
Thursday, February 6, marks a crucial day in the earnings season, with over 170 companies set to announce their Q3 results. Among the key firms declaring their earnings are Bharti Airtel, Hero MotoCorp, State Bank of India (SBI), ITC, and JK Lakshmi Cement. Some of the notable companies releasing results today include Aurobindo Pharma, Apollo Tyres, BEML, Britannia Industries, and PVR Inox, among others.
The results are expected to provide vital insights into the performance of various sectors, including telecom, automotive, banking, FMCG, and cement. Additionally, SBI and ITC are among the major firms whose earnings will be closely watched, with SBI reporting a 28% increase in net profit for Q2 and ITC reporting a 16% rise in revenue for Q2 FY25.
The market will also focus on other high-profile results, such as Hero MotoCorp’s 10.8% increase in revenue and Swiggy’s widened net loss for Q3 FY25.
Published on: February 6, 2025
Axis Securities has initiated coverage on SignatureGlobal India Ltd with a 'buy' rating, projecting a 30% upside potential for the stock. The firm highlighted Signature Global’s strategic shift from affordable to mid-income and premium housing, focusing on properties priced between Rs 2 to Rs 6 crore, which has driven strong demand in Gurugram's micro-markets.
The company’s positioning around key infrastructure and industrial developments in the region is expected to capitalize on urbanization trends. Despite a nearly 3% drop in the stock to Rs 1,271.90 on Thursday, Axis expects margin improvement and robust sales growth, forecasting a 36% CAGR in pre-sales over FY25E-FY27E.
With upcoming project launches, Axis has set a target price of Rs 1,645, suggesting the stock could retest its 52-week highs. Kotak Institutional Equities has also given a ‘buy’ rating, with a target price of Rs 1,570, anticipating significant revenue recognition improvements in Q3 FY25.
Published on: February 6, 2025
Welspun Corp’s shares fell 3% on Thursday, hitting an intraday low of Rs 710.05 on BSE, following the company’s Q3 results that revealed a 24% year-on-year revenue decline. The stock was trading at Rs 720.45 by mid-morning, with the broader market also seeing slight losses.
The company reported a significant 181% increase in consolidated net profit, reaching Rs 674.7 crore, compared to Rs 291.86 crore in the same period last year. However, revenue slipped to Rs 3,613.5 crore from Rs 4,749.7 crore, reflecting a weaker performance.
Despite the dip in revenue, Welspun Corp's EBITDA showed a modest rise, and the company reaffirmed its full-year guidance for EBITDA and ROCE. The total order book stood at Rs 15,000 crore as of December 31, 2025. Welspun Corp, a leading manufacturer of steel pipes, has seen a 25% rise in its stock price over the past year, outperforming the Sensex’s 8.4% growth.
Published on: February 6, 2025
On February 6, the Sensex and Nifty ended lower on the weekly expiry day, driven by cautious investor sentiment ahead of the Reserve Bank of India’s (RBI) monetary policy review and key corporate earnings. The Sensex fell 213 points to 78,058, while the Nifty dropped 92 points to 23,603.
Investors are anticipating a 25 basis point rate cut by the RBI, with any dovish surprises potentially triggering a market uptick. The broader market showed mixed results, with the BSE Midcap index down nearly 1 percent, while Nifty Pharma, IT, and Private Bank sectors gained slightly.
Notable decliners included Trent, Bharti Airtel, and Voltas, while VRL Logistics saw a strong profit-driven surge. The market remains range-bound, with critical support levels around 23,400, and eyes are on upcoming corporate earnings and the RBI’s rate decision to provide the next market catalyst.