Q3 Result Updates: Swiggy Loss Widens; Sula Vineyards Profit Falls; Kansai Nerolac Profit Jumps Over Fourfold

Q3 Results Live: Medi Assist Profit Rises 44%

Medi Assist Healthcare Services Q3 Highlights (Consolidated, YoY)

Revenue up 12% to Rs 185.97 crore versus Rs 165.98 crore.
Ebitda up 17% to Rs 39.69 crore versus Rs 33.90 crore.
Margin at 21.3% versus 20.4%.
Net profit up 44% to Rs 29.53 crore versus Rs 20.50 crore.

Q3 Results Live: Jagran Prakashan Profit Falls 15%

Jagran Prakashan Q3 Highlights (Consolidated, YoY)

Revenue up 1.1% to Rs 516.50 crore versus Rs 510.96 crore.
Ebitda down 20.3% to Rs 83.5 crore versus Rs 105 crore.
Margin at 16.2% versus 20.5%.
Net profit down 15% to Rs 62.59 crore versus Rs 73.79 crore.

Q3 Results Live: CMS Info Systems Profit Rises 2.4%

CMS Info Systems Q3 Highlights (Consolidated, QoQ)

Revenue down 6.9% to Rs 581.49 crore versus Rs 624.54 crore.
Ebitda up 4% to Rs 159.47 crore versus Rs 152.97 crore.
Margin at 27.4% versus 24.5%.
Net profit up 2.4% to Rs 93.1 crore versus Rs 90.9 crore.

Q3 Results Live: Avalon Tech Profit Jumps Over Threefold

Avalon Technologies Q3 Highlights (Consolidated, YoY)

Revenue up 31.1% to Rs 280.85 crore versus Rs 214.27 crore.
Ebitda at Rs 34.63 crore versus Rs 16.52 crore.
Margin at 12.3% versus 7.7%.
Net profit up over threefold to Rs 23.99 crore versus Rs 6.57 crore.

Q3 Results Live: Innova Captab Profit Up 36%

Innova Captab Q3 Highlights (Consolidated, YoY)

Revenue up 4.6% to Rs 316.46 crore versus Rs 302.48 crore.
Ebitda up 4.5% to Rs 46.56 crore versus Rs 44.66 crore.
Margin at 14.7% versus 14.8%.
Net profit up 36% to Rs 34.20 crore versus Rs 25.13 crore.

Q3 Results Live: Timken India Profit Rises 10%

Timken India Q3 Highlights (Consolidated, YoY)

Revenue up 9.7% to Rs 671.43 crore versus Rs 612.21 crore.
Ebitda up 4% to Rs 106.51 crore versus Rs 102.48 crore.
Margin at 15.9% versus 16.7%.
Net profit up 10% to Rs 74.31 crore versus Rs 67.53 crore.

Q3 Results Live: Reliance Power Swings to Profit

Reliance Power Q3 Highlights (Consolidated, YoY)

Revenue down 4.7% to Rs 1,853 crore versus Rs 1,944 crore.
Ebitda at Rs 491.92 crore versus an Ebitda loss of Rs 363.63 crore.
Margin at 26.5%.
Net profit at Rs 42 crore versus a loss of Rs 1,137 crore.

Q3 Results Live: Cummins India Profit Beats Estimates

Ebitda rose 10% to Rs 597.57 crore, exceeding the estimated Rs 554 crore.
Net profit surged 12% to Rs 558.46 crore, surpassing the estimated Rs 452 crore.

Q3 Results Live: Cummins India Declares Interim Dividend

The Board of Directors has approved an interim dividend of Rs 18 per equity share at a rate of 900% on 27.72 crore equity shares for the financial year 2024-25.

Q3 Results Live: Cummins India Profit Up 12%

Cummins India Q3 Highlights (Consolidated, YoY)

Revenue up 21.8% to Rs 3,096.15 crore versus Rs 2,541.38 crore.
Ebitda up 10% to Rs 597.57 crore versus Rs 542.51 crore.
Margin at 19.3% versus 21.3%.
Net profit up 12% to Rs 558.46 crore versus Rs 498.91 crore.

Q3 Results Live: Gujarat Gas Earnings Hit by APM De-Allocation

Gujarat Gas reported a decline in earnings due to the government’s Administered Price Mechanism or APM de-allocation for city gas distributors in the third quarter. Ebitda and margins were primarily impacted by a 16% quarter-on-quarter increase in the cost of materials consumed.

Q3 Results Live: Gujarat Gas Misses Profit Estimates by 15%

Revenue rose 9.72% to Rs 4,152.89 crore, compared to the estimated Rs 4,080 crore.
Ebitda declined 26.01% to Rs 380.45 crore, falling short of the estimated Rs 441 crore.
Margins contracted by 443 basis points to 9.16%, compared to the estimated 10.8%.
Net profit fell 28.42% to Rs 220.99 crore, missing the estimate of Rs 263 crore.

Q3 Results Live: Gujarat Gas Profit Falls 28%

Gujarat Gas Q3 Highlights (Consolidated, QoQ)

Revenue up 9.7% to Rs 4,152.89 crore versus Rs 3,781.75 crore.
Ebitda down 26% to Rs 380.45 crore versus Rs 514.16 crore.
Margin at 9.2% versus 13.6%.
Net profit down 28% to Rs 220.99 crore versus Rs 308.74 crore.

Q3 Results Live: Sagility India Net Profit Jumps Threefold

Sagility India Q3 Highlights (Consolidated, YoY)

Revenue up 15.3% to Rs 1,453.07 crore versus Rs 1,260.18 crore.
Ebitda up 51% to Rs 392.23 crore versus Rs 260.18 crore.
Margin at 27% versus 20.6%.
Net profit at Rs 216.91 crore versus Rs 70.60 crore.

Q3 Results Live: HG Infra Engineering Profit Rises 13%

HG Infra Engineering Q3 Highlights (Consolidated, YoY)

Revenue down 7.3% to Rs 1,264.84 crore versus Rs 1,364.53 crore.
Ebitda up 26% to Rs 286.90 crore versus Rs 228.30 crore.
Margin at 22.7% versus 16.7%.
Net profit up 13% to Rs 115.18 crore versus Rs 102.05 crore.

Q3 Results Live: Data Patterns Profit Falls 12%

Data Patterns Q3 Highlights (YoY)

Revenue down 16.1% to Rs 117.04 crore versus Rs 139.51 crore.
Ebitda down 10% to Rs 54.03 crore versus Rs 60.04 crore.
Margin at 46.2% versus 43%.
Net profit down 12% to Rs 44.66 crore versus Rs 50.97 crore.

Q3 Results Live: Sula Vineyards Profit Falls 35%

Sula Vineyards Q3 Highlights (Consolidated, YoY)

Revenue down 0.4% to Rs 200.15 crore versus Rs 203.04 crore.
Ebitda down 26% to Rs 53.05 crore versus Rs 71.85 crore.
Margin at 26.5% versus 35.4%.
Net profit down 35% to Rs 28.06 crore versus Rs 42.98 crore.

Q3 Results Live: Skipper Profit Rises 76%

Skipper Q3 Highlights (Consolidated, YoY)

Revenue up 41.6% to Rs 1,135.25 crore versus Rs 801.58 crore.
Ebitda up 44% to Rs 110.91 crore versus Rs 77.07 crore.
Margin at 9.8% versus 9.6%.
Net profit up 76% to Rs 36.09 crore versus Rs 20.47 crore.

Q3 Results Live: Kansai Nerolac Paints Profit Jumps Over Fourfold

Kansai Nerolac Paints Q3 Highlights (Consolidated, YoY)

Revenue up 0.2% to Rs 1,921.89 crore versus Rs 1,918.71 crore.
Ebitda down 4% to Rs 235.08 crore versus Rs 244 crore.
Margin at 12.2% versus 12.7%.
Net profit surges to Rs 680.87 crore versus Rs 154.26 crore.

Q3 Results Live: Redington Profit Rises 17%

Redington Q3 Highlights (Consolidated, YoY)

Revenue up 13.7% to Rs 26,716.08 crore versus Rs 23,504.97 crore.
Ebitda up 16% to Rs 602.50 crore versus Rs 517.30 crore.
Margin at 2.3% versus 2.2%.
Net profit up 17% to Rs 400.31 crore versus Rs 340.78 crore.

Q3 Results Live: CCL Products Revenue Rises, Profit Flat

CCL Products Q3 Highlights (Consolidated, YoY)

Revenue up 14.1% to Rs 758.41 crore versus Rs 664.48 crore.
Ebitda up 12% to Rs 124.45 crore versus Rs 110.93 crore.
Margin at 16.4% versus 16.7%.
Net profit flat at Rs 63.04 crore versus Rs 63.29 crore.

Q3 Results Live: Welspun Corp Profit More Than Doubles

Welspun Corp Q3 Highlights (Consolidated, YoY)

Revenue down 23.9% to Rs 3,613.51 crore versus Rs 4,749.71 crore.
Ebitda down 6% to Rs 434.45 crore versus Rs 462.97 crore.
Margin at 12% versus 9.7%.
Net profit up to Rs 674.70 crore versus Rs 291.86 crore.

Q3 Results Live: Swiggy Expands Darkstore Network

Added 96 new active darkstores in the third quarter, nearly double of the second quarter.
Instamart now available in 84 cities.
On track to reach 4 million sq. ft. of active darkstore area by March 2025.

(Source: Swiggy Press Release)

Q3 Results Live: GE Vernova’s Profit Jumps

GE Vernova T&D India Q3 Highlights (Consolidated, YoY)

Revenue up 28% to Rs 1,073.65 crore versus Rs 838.98 crore.
Ebitda up 86% to Rs 179.68 crore versus Rs 96.55 crore.
Margin at 16.7% versus 11.5%.
Net profit up 189% to Rs 142.68 crore versus Rs 49.35 crore.

Q3 Results Live: Swiggy Shares Ahead of Results

Shares closed 3.69% lower at Rs 418.05, while NSE Nifty 50 fell 0.18%.
Intraday, shares declined 4.55% to Rs 414.30.
Stock has fallen 8.32% since listing on Nov. 13, 2024.

Q3 Results Live: Swiggy Instamart’s Revenue Up 18%

Swiggy Q3 Segment Revenue (Consolidated, QoQ)

Swiggy Instamart or quick commerce revenue up 17.7% to Rs 576.50 crore versus Rs 490 crore.
Food delivery revenue up 3.8% to Rs 1,636.88 crore versus Rs 1,577.47 crore.

Q3 Results Live: Swiggy Loss Widens to Rs 799 Crore

Swiggy Q3 Highlights (Consolidated, QoQ)

Revenue up 11% to Rs 3,993.07 crore versus Rs 3,601.45 crore.
Ebitda loss at Rs 725.66 crore versus Rs 554.17 crore.
Net loss widens to Rs 799.08 crore versus Rs 625.53 crore.

Q3 Results Live: VRL Logistics Profit Up Four Times

VRL Logistics Q3 Highlights (Consolidated,YoY)

Revenue up 12% to Rs 825.22 crore versus Rs 736.67 crore.
Ebitda up 76% to Rs 166.41 crore versus Rs 94.34 crore.
Margin at 20.2% versus 12.8%.
Net profit up to Rs 59.42 crore versus Rs 13.7 crore.

Q3 Results Live: Gallantt Ispat Ebitda Jumps 87%

Gallantt Ispat Q3 Highlights (Consolidated, YoY)

Revenue up 5.2% to Rs 1,118.32 crore versus Rs 1,062.66 crore.
Ebitda up 87% to Rs 199.09 crore versus Rs 106.54 crore.
Margin at 17.8% versus 10%.
Net profit up 118.7% to Rs 113.67 crore versus Rs 51.98 crore.

Q3 Results Live: Navneet Education Stock Up After Profit

Navneet Education share price jumped over 8% intraday after the company swung to profit.

Q3 Results Live: Navneet Education Swings To Profit

Navneet Education Q3FY25 (Consolidated, YoY)

Revenue up 9.1% at Rs 282 crore versus Rs 259 crore
Net Profit at Rs 15.8 crore versus loss of Rs 13.1 crore
EBITDA margin at 6.3% Vs 1.6%.
EBITDA Aat Rs 17.8 crore versus Rs 4 crore
Exceptional item of Rs 25.5 crore

Q3 Results Live: Solar Industries Profit Up

Solar Industries Q3FY25 (Consolidated, YoY)

Net Profit up 54.9% at Rs 315 crore versus Rs 203 crore.
Revenue up 38.1% at Rs 1,973 crore versus Rs 1,429 crore.
Ebitda up 47.8% at Rs 527 crore versus Rs 356 crore.
Margin At 26.7% versus 24.9%.

Q3 Results Live: Thangamayil Jewellery Stock Up

Thangamayil Jewellery share price rose 19% after the results.

Q3 Result Updates: Swiggy Loss Widens; Sula Vineyards Profit Falls; Kansai Nerolac Profit Jumps Over Fourfold 1

Q3 Results Live: Thangamayil Jewellery Profit Soars

Net Profit up 72.1% at Rs 48.2 crore versus Rs 28 crore.
Revenue up 26.4% at Rs 1,132 crore versus Rs 896 crore.
Ebitda up 63.2% at Rs 83.2 crore versus Rs 51 crore.
Margin at 7.3% versus 5.7%

Q3 Results Live: Nilkamal Share Price Falls

Nilkamal share price dropped over 5% after the third quarter results.

Q3 Result Updates: Swiggy Loss Widens; Sula Vineyards Profit Falls; Kansai Nerolac Profit Jumps Over Fourfold 2

Q3 Results Live: Nilkamal Profit Down

Net Profit down 26.7% at Rs 21.5 crore versus Rs 29.3 crore
Revenue up 6.3% at `854 crore versus Rs 803 crore
Ebitda down 12.9% At `63.4 crore versus Rs 72.8 crore
Margin at 7.4% versus 9.1%

Q3 Results Live: Eveready Industries Stock Trades Higher

Q3 Result Updates: Swiggy Loss Widens; Sula Vineyards Profit Falls; Kansai Nerolac Profit Jumps Over Fourfold 3

Q3 Results Live: Eveready Industries Profit Jumps 56%

Eveready Industries Q3 Highlights (Consolidated, YoY)

Revenue up 9.4% at Rs 334 crore versus Rs 305 crore.
Ebitda up 18.7% at Rs 29.2 crore versus Rs 24.6 crore.
Ebitda margin at 8.8% versus 8.1%.
Net profit up 56% at Rs 13.1 crore versus Rs 8.4 crore.

Q3 Results Live: Page Industries Profit Up 34%

Page Industries Q3 Highlights (YoY)

Revenue up 7.1% at Rs 1,313 crore versus Rs 1,226 crore.
Ebitda up 33.6% at Rs 303 crore versus Rs 226 crore.
Ebitda margin at 23% versus 18.5%.
Net profit up 34.3% at Rs 205 crore versus Rs 152 crore.
Declares third interim dividend of Rs 150 per share.

Q3 Results Live: Info Edge Profit Jumps 61%

Info Edge (India) Q3 Highlights (Consolidated, YoY)

Net profit up 60.6% at Rs 243 crore versus Rs 151 crore.
Revenue up 15.2% at Rs 722 crore versus Rs 627 crore.
Ebitda up 34% at Rs 272 crore versus Rs 203 crore.
Ebitda margin at 37.6% versus 32.3%.

Q3 Results Live: Tega Industries Net Profit Rises 52.2%

Tega Industries Q3 Highlights (Consolidated, YoY)

Net profit up 52.2% at Rs 54 crore versus Rs 36 crore.
Revenue up 20.3% at Rs 409 crore versus Rs 340 crore.
Ebitda up 62.7% at Rs 91 crore versus Rs 56 crore.
Margin at 22.3% versus 16.5%.

Q3 Results Live: Abbott India Net Profit Rises 16%

Abbott India Q3 Highlights (YoY)

Revenue up 12.3% at Rs 1,614 crore versus Rs 1,437 crore.
Ebitda up 12.5% at Rs 436 crore versus Rs 388 crore.
Margin flat at 27%.
Net profit up 16% at Rs 361 crore versus Rs 311 crore.

Q3 Results Live: Arvind Fashions Profit Slumps 47%

Arvind Fashions Q3 Highlights (Consolidated, YoY)

Net profit down 47.8% at Rs 26.7 crore versus Rs 51.1 crore.
Revenue up 6.9% at Rs 1,203 crore versus Rs 1,125 crore.
Ebitda up 15.7% at Rs 166 crore versus Rs 143 crore.
Margin at 13.8% versus 12.7%.

Q3 Results Live: Mrs Bectors Food Reports Flat Net Profit

Mrs Bectors Food Q3 Highlights (YoY, Consolidated)

Revenue up 14.8% to Rs 492 crore versus Rs 429 crore.
Ebitda flat at Rs 61.4 crore.
Ebitda margin at 12.5% versus 14.2%.
Net profit flat at Rs 34.6 crore.

Q3 Results Live: Symphony Reports Net Loss Of Rs 10 Crore

Symphony Q3 Highlights (YoY, Consolidated)

Revenue down 2.03% at Rs 242 crore versus Rs 247 crore.
Ebitda down 34.09% at Rs 29 crore versus Rs 44 crore.
Ebitda margin down 583 bps at 11.98% versus 17.81%.
Net loss at Rs 10 crore versus profit of Rs 41 crore.

Q3 Results Live: Earnings Estimates In Charts

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Zydus Lifesciences Q3 Highlights (YoY, Consolidated)

Revenue up 17% to Rs 5,269 crore versus Rs 4,505 crore.
Ebitda up 11.4% to Rs 1,205 crore versus Rs 1,082 crore.
Ebitda Margin at 22.9% versus 24%.
Net Profit up 29.6% to Rs 1,024 crore versus Rs 790 crore.

Q3 Live Updates: Zydus, Cummins, Abbott Earnings Estimates

Zydus Lifesciences Ltd. is expected to clock a revenue of Rs 5,204 crore. Its earnings before interest, taxes, depreciation and amortisation are estimated at Rs 1,348 crore. The company’s margin is expected to be 25.90%. Net profit is likely to come in at Rs 893 crore.

Cummins India Ltd. is estimated to post an Ebitda of Rs 554 crore, while profit is expected to be Rs 452 crore.

Solar Industries India Ltd. is expected to report a revenue of Rs 1,973 crore. The company’s Ebitda is estimated at Rs 512 crore. Its margin is likely to be 26%, and profit is expected at Rs 343 crore.

Abbott India Ltd. is likely to report a revenue of Rs 1,581 crore. The Ebitda is estimated at Rs 400 crore. The margin is projected at 25.30%, while profit is expected to be Rs 330 crore.

Redington Ltd., an IT major, is expected to post a revenue of Rs 26,036 crore. Its Ebitda is estimated at Rs 499 crore. The margin is likely to be 1.90%, while profit is projected at Rs 317 crore.

Q3 Live Updates: Bleak Outlook For Swiggy

Swiggy’s losses are set to worsen as its rapid delivery unit Instamart’s margins are set to shrink, according to Bloomberg. While food delivery and rapid delivery businesses are poised to remain strong, fierce competition has triggered margins to erode, it said.

Zomato’s unexpected slowdown in its food delivery business in Q3 triggered a wave of investor caution in the industry. Further, the food aggregator giant expects losses to continue in the near term.

However, Swiggy will be among the winners in India’s rapidly booming quick commerce space, according to Bernstein Research. Quick commerce is an attractive category and Swiggy is one of the core beneficiaries of the shift. The growth runway remains robust with Swiggy expected to grow over 90% CAGR in the medium term, Bernstein said.

After a period of intense competition and a frenzy of dark store openings, Zomato’s Blinkit, Swiggy Instamart, and Zepto are expected to moderate their expansion plans, according to a recent report by HSBC Global Research.

Q3 Live Updates: Swiggy Treads With Caution As Profit Pressures To Persist On Rivalry Woes

Shares of India’s food delivery platform Swiggy Ltd. tumbled on Wednesday ahead of its third-quarter results as losses are likely to persist amid fierce competition.

Swiggy shares have found very few takers as the stock has fallen over 30% from its peak on Dec. 23 last year. The counter is near its issue price of Rs 390 per share after it fell as much as 4.5% to Rs 414.3 apiece.

Shares rose soon after it listed on the national bourses to a high of Rs 617.3 apiece, and since then have been on a downtrend on competitive pressures. The decline in Wednesday’s trade triggered the stock to fall below the 14-day simple moving average.

The immediate support for the stock will be at the Rs 400 mark and a fall below that could send the stock towards its listing price. On the upside, a strong close above the Rs 460 level could trigger a renewed bullish momentum.

Eleven of the 16 analysts tracking the company have a ‘buy’ rating, two suggest a ‘hold’, and three have a ‘sell’, according to Bloomberg data. The average of the 12-month analysts’ price target implies a potential upside of 40%.

Q3 Live Updates: Important Q3 Results Declared Yesterday

Asian Paints: Asian Paints Ltd. reported a 23% decline in profit, posting Rs 1,110 crore for the third quarter of the current financial year. The company’s revenue from operations dropped to Rs 8,549 crore, compared to Rs 9,103 crore in the same quarter last year.

Godrej Properties: Godrej Properties saw an over 2.6 times jump in its net profit, which soared 161.6% YoY to Rs 163 crore from Rs 62 crore in the corresponding quarter of the previous fiscal.

Q3 Live Updates: Swiggy, Zydus Lifesciences, Cummins To Report Earnings

A total of 124 companies will declare their financial results for the quarter ending December 2024 on Wednesday.

Zydus Lifesciences Ltd., Swiggy Ltd., Sula Vineyards Ltd., Abbott India Ltd. and Zinka Logistics Solutions Ltd. are among the major companies that will declare their third quarter results today. Click here to see the full list of companies that will declare the results today.