The corporate scene for Q3 FY25 went mixed. Numerous sectors portrayed what are unique industry challenges and opportunities. Some growth leaders were depicted by firms having great growth quarters, while there were decliners in others that are represented therein.
The company saw a massive decline in its net profit at 52.5% year-on-year (YoY), which came down to ₹231 crore, against ₹486.7 crore in Q3 FY24. However, the revenue for the quarter went up by 11.3% to ₹2,286.8 crore. The state-owned power utility also declared an interim dividend of 14% or ₹1.40 per equity share for FY25, indicating its stable cash flow even though the profits were lower.
However, State-owned Oil India Ltd reported a 22.88 per cent decline in net profit at Rs 1,584.28 crore at Rs 1,221.80 crore. Revenue declined by 9.89 per cent, but it witnessed an increased crude oil output from the group's refining arm. Production till nine months up to December 31, 2024 stood at 2.614 million tonnes-an increase of 4.1 percent, from the period in the preceding year.
L&T Finance has acquired the gold loan business of Paul Merchants Finance Pvt Ltd for ₹537 crore as part of its strategic expansion. This acquisition is expected to diversify L&T Finance’s portfolio and strengthen its foothold in the growing gold loan market.
Sun TV Network Ltd. faced challenges, with a 20% decline in net profit to ₹363 crore, down from ₹453.9 crore in the previous year. The company’s revenue dropped by 10.4%, primarily driven by weaker advertising revenue, which stood at ₹332.17 crore compared to ₹355.43 crore in Q3 FY24.
Fortis Healthcare Ltd. posted a stellar performance with a YoY increase of 89.5% in net profit at ₹254.3 crore. This was largely driven by both solid operational growth and an exceptional gain from the divestment of the Richmond Road facility.
Technologically, Cipla Ltd. was exempted from an Import Alert by getting its Virgonagar manufacturing facility a Voluntary Action Indicated (VAI) status from the USFDA, keeping all doors for international markets open for the company. Similarly, Hitachi Energy India Ltd., in a consortium with Bharat Heavy Electricals Ltd (BHEL), won a significant project of transmitting renewable energy in Rajasthan and Uttar Pradesh indicating that the infrastructure is on the increasing path towards sustainable infrastructure.
Overall, while the quarterly results reflect volatility in profit margins, strategic acquisitions and robust infrastructure projects point to potential long-term growth for several firms, keeping market observers alert to evolving trends.
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