Indian equities are expected to react to a heavy flow of Q3 earnings and corporate updates in today’s session. Several companies reported results in line with or above estimates, while a few names disappointed on profitability and margins.
Stocks In Focus Today
Bharti Airtel
Bharti Airtel’s Q3 performance was broadly in line with estimates. Average Revenue Per User (ARPU) improved to ₹259, reflecting a 1.2% QoQ increase, indicating stable subscriber monetisation trends.
Life Insurance Corporation of India
LIC reported Q3 results that beat street expectations. New Business Premium rose 31.8%, pointing to strong growth in policy issuance during the quarter.
Hero MotoCorp
Hero MotoCorp’s Q3 earnings were largely in line with estimates. Vehicle volumes increased 16% YoY, supporting revenue stability for the quarter.
Nykaa
Nykaa reported a sharp improvement in profitability, with net profit rising to ₹68 crore from ₹26.4 crore YoY. EBITDA increased 63.2% on a year-on-year basis.
Hitachi Energy India
Hitachi Energy posted strong Q3 numbers, with net profit up around 90% YoY. EBITDA rose to ₹345.3 crore compared with ₹167 crore last year, supported by a robust order book.
Mazagon Dock Shipbuilders
Mazagon Dock reported YoY growth across key metrics. Revenue increased 15%, while both profit and EBITDA rose about 9% during the quarter.
Data Patterns
Data Patterns delivered a Q3 earnings beat, with net profit rising 30% YoY, keeping the stock in focus.
PhysicsWallah
PhysicsWallah reported a 10% increase in net profit. EBITDA rose 29% to ₹236 crore from ₹184 crore on a YoY basis.
Astral
Astral posted revenue growth of over 10% YoY. EBITDA rose 8.2% to ₹237.5 crore compared with ₹219.5 crore last year.
Bharti Hexacom
Bharti Hexacom reported strong earnings momentum, with net profit up 81.5% YoY. EBITDA increased 9% to ₹1,254.4 crore versus ₹1,151.7 crore.
Eveready Industries
Eveready Industries recorded a 10% rise in revenue. EBITDA increased 13.4% to ₹33 crore from ₹29 crore YoY.
HPL Electric & Power
HPL Electric reported net profit growth of 8.3%. EBITDA jumped 29% to ₹72 crore from ₹55.7 crore in the year-ago quarter.
UltraTech Cement
UltraTech Cement commissioned new grinding capacity of 2.7 mtpa at Aligarh, Uttar Pradesh, marking an operational expansion update.
JK Paper
JK Paper announced plans to invest ₹500 crore to set up a hybrid renewable power plant, which remains a key corporate development.
Krsnaa Diagnostics
Krsnaa Diagnostics reported revenue growth of 4% YoY. EBITDA rose 2.7% to ₹46.3 crore compared with ₹45.1 crore.
Federal Bank
Federal Bank received RBI approval for Blackstone’s proposed 9.99% stake acquisition, keeping the stock on traders’ radar.
Tata Motors (Passenger Vehicles)
Tata Motors PV segment reported Q3 results below estimates. Jaguar Land Rover revenue declined 39% YoY, weighing on overall performance.
Kaynes Technology
Kaynes Technology posted weak Q3 results, missing estimates across key parameters.
Berger Paints
Berger Paints reported a decline in net profit to ₹271.1 crore from ₹295 crore YoY, down 8.1%, while EBITDA remained flat.
Kirloskar Brothers
Kirloskar Brothers saw EBITDA decline 14.5% YoY, with margins contracting to 12.7% from 14.5%.
KNR Constructions
KNR Constructions reported a sharp 59% YoY fall in net profit. Margins dropped to 22.4% from 30.1%.
NCC Limited
NCC posted a 36.6% decline in net profit YoY. EBITDA was marginally lower at ₹436.3 crore versus ₹440.8 crore.
SKF India
SKF India reported weak Q3 numbers, with net profit down 43.4% and EBITDA falling 32% to ₹82.3 crore from ₹121.1 crore YoY.