Key Financial Updates
Tata Technologies Q3 Results
- Profit fell 0.9% YoY to ₹168.6 crore vs ₹170.2 crore.
- Revenue rose 2.2% YoY to ₹1,317.4 crore vs ₹1,289.5 crore.
- EBITDA declined 1.07% YoY to ₹234 crore vs ₹236.6 crore.
- Margins contracted by 50 bps to 17.8% vs 18.3%.
Dalmia Bharat Q3 Results
- Profit nosedived 75.2% YoY to ₹66 crore vs ₹266 crore.
- Revenue declined 11.7% YoY to ₹3,181 crore vs ₹3,604 crore.
- EBITDA plunged 34.4% YoY to ₹511 crore vs ₹779 crore.
- Margins dropped sharply to 16.1% vs 21.6%.
Stocks to Watch Today
- HDFC Bank: Weak loan growth expected to affect profit; margins likely to remain flat.
- HUL: Earnings could be hit by subdued urban demand; 1% volume growth anticipated.
- India Cements: Q3 net loss widens due to an exceptional loss of ₹190 crore.
- Dalmia Bharat: Reports weak Q3 on lower demand and pricing challenges.
- PNB Housing: Q3 profit rises 36%, with NII growth of 15% YoY.
- JM Financial: Q3 profit down 32.3%; revenue falls 31.3% YoY.
- Cyient DLM: Q3 profit declines 40.8%, but revenue surges 38.4% YoY.
- IndiaMART: Q3 profit jumps 47.6%, although paying subscriber base decreases.
- Tata Technologies: Q3 profit down 1%, while revenue climbs 2.2% YoY.
- Neuland Labs: Board approves ₹342 crore capex for capacity expansion at two units.
- Carborundum Universal: Wendt GmbH to sell a 37.5% stake in JV Wendt India via secondary sale.
- Jio Financial & BlackRock: Invest ₹117 crore in Jio BlackRock Asset Management.