Q3 Results Live Updates: UCO Bank, PNB Housing Finance, India Cements, ICICI Pru, Cyient DLM, others releasing Q3 results today – Industry News

India Cements, Cyient DLM Q3 Results Live Updates: With the fiscal third quarter earnings season already in full swing now, majors including IT services companies like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors – Reliance Industries Ltd, Zomato, Paytm, Axis Bank, and a few others have announced their Q3 numbers. While the IT industry posted a subdued quarter performance weighed down by seasonal furloughs, many others are yet to release their report cards for the quarter in review. 

The Q3 results announced thus far indicated that businesses are struggling to grow their top lines. An analysis report by JM Financial stated, “We forecast 5.8 per cent YoY growth in PAT in Q3FY25. Ex-BFSI (which contributes 32 per cent to overall numbers) PAT growth is weaker at 1.9 per cent YoY. Sectors with the strongest Q3 YoY growth: Key meaty sectors that are expected to contribute to this growth include IT services (+7 per cent YoY, 12 per cent weight in earnings), and pharmaceuticals (+10 per cent YoY, 4 per cent weight in earnings). Amongst sub-sectors with lesser earnings weight EMS (+90 per cent YoY), consumer durables (+49 per cent YoY), hotels (+46 per cent YoY) and real estate (+35 per cent YoY) are expected to register strong Q3 PAT growth. Sectors with the weakest Q3 numbers: Key meaty sectors that are expected to have a weak quarter include oil & gas (-4 per cent YoY, 18 per cent weight in earnings), utilities (-11 per cent YoY, 8 per cent weight in earnings), metals & mining (-8 per cent, 4 per cent weight in earnings) and consumer (flat YoY, 5 per cent weight in earnings).”

Today, companies like UCO Bank, KEI Industries, Tata Technologies, PNB Housing Finance, Indiamart Intermesh, India Cements, South Indian Bank, Jana Small Finance Bank, Servotech Renewable Power System, Indoco Remedies, ICICI Prudential Life Insurance Company, Dalmia Bharat, Aditya Birla Real Estate, Cyient DLM, Eureka Industries, and others are lined up to release their Q3 numbers. 

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Q3 Results Today Live Updates: UCO Bank, PNB Housing Finance, Indiamart, India Cements, Cyient DLM, Earnings News Live

Live Updates

10:58 (IST) 21 Jan 2025

L&T Finance Q3 Results Live Updates: Retail disbursements and book for Q3FY25

● Rural Business Finance

o Book size at Rs 26,231 crore, up 14% YoY

o Disbursements at Rs 4,599 crore, down 16% YoY

● Farmer Finance

o Book size at Rs 15,075 crore, up 9% YoY

o Disbursements at Rs 2,495 crore, up 23% YoY

● Two-wheeler Finance

o Book size at Rs 12,676 crore, up 21% YoY

o Disbursements at Rs 2,414 crore, down 5% YoY

● Personal Loans

o Book size at Rs 7,820 crore, up 22% YoY

o Disbursements at Rs 1,642 crore, up 94% YoY

● Housing Loans and Loans Against Property

o Book size at Rs 23,461 crore, up 41% YoY

o Disbursements at Rs 2,475 crore, up 24% YoY

● SME Finance

o Book size at Rs 5,817 crore, up 89% YoY

o Disbursements at Rs 1,249 crore, up 29% YoY

10:55 (IST) 21 Jan 2025

L&T Finance Q3 Results Live Updates: Sudipta Roy on Q3 performance

Sudipta Roy, Managing Director & CEO of LTF, said, “Despite certain macro challenges within the microfinance sector, we have managed the situation effectively. We are hopeful that the environment will be much better over the next couple of quarters. Our investments and efforts towards building a world class credit underwriting and monitoring infrastructure continued unabated. Apropos to the same, our next generation three-dimensional credit underwriting engine ‘Project Cyclops’ was extended to 100% of dealerships in Two-wheeler Finance and was also operationalized for the Farm Equipment Finance business.”

10:54 (IST) 21 Jan 2025

L&T Finance Q3 Results Live Updates: Profit drops by 2.15% to Rs 626.40 crore

L&T Finance Limited released its fiscal third quarter earnings with profit at Rs 626.40 crore, down 2.15 per cent in comparison to Rs 640.18 crore during the third quarter of FY24. It posted revenue from operations at Rs 4,097.58 crore, up 15.95 per cent as against Rs 3,533.96 crore during the same period of previous financial year.

The company said that Net Interest Margin + Fees & Other Income stood at 10.33 per cent vs 10.93 per cent, down 60 bps YoY. Consolidated book size was at Rs 95,120 crore, up 16 per cent YoY. Return on Equity (RoE) stood at 10.21 per cent.

10:37 (IST) 21 Jan 2025

Zomato Q3 Results Live Updates: Investments in QC rebase margin expectations, says Motilal Oswal

An analysis report by Motilal Oswal Financial Services, stated, “The company’s plans to front-end its investments in QC rebases profitability expectations. Adjusted EBITDA as % of GOV almost broke even in Q2FY25 before reporting a 1.3% loss in Q3FY25. We now expect this loss to widen in the short term, before breaking even in Q4FY26E. As a result, we reduce our PAT estimates by 25% over FY25-27.”

The brokerage firm further maintained that the current ‘cash burn’ is different from the one witnessed when food delivery was scaling up. “Contrary to countless questions on whether food delivery would ever be profitable, the viability of the “dark store model” is now beyond doubt: mature dark stores are already contribution margin positive. New dark stores are reaching breakeven GOV faster (see Exhibit 3). Revenue growth could be higher for longer, as companies unlock new cities, markets, and categories,” it said.

10:27 (IST) 21 Jan 2025

Q3 Results Live Updates: Key companies announcing Q3 numbers today

Today, companies like UCO Bank, KEI Industries, Tata Technologies, PNB Housing Finance, Indiamart Intermesh, India Cements, South Indian Bank, Jana Small Finance Bank, Servotech Renewable Power System, Indoco Remedies, ICICI Prudential Life Insurance Company, Dalmia Bharat, Aditya Birla Real Estate, Cyient DLM, Eureka Industries, among several others are queued up to announce their Q3 results.

10:18 (IST) 21 Jan 2025

Q3 Results Live Updates: Welcome to this live blog

Good Morning! We, at FinancialExpress.com, are continuously bringing to you all the updates on Q3 numbers posted by companies across sectors, while also analysing the results. We will stay with you throughout the earnings season, bringing to you updates on all key numbers. Stay tuned.

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