New Delhi: On January 31, Sensex ended the trading session in the green and closed at 77,527.87 points, up 768.05 points (or 1.00%). Nifty, on the other hand, stood at 23,523.80 points, up 274.30 points (or 1.18%). Indian stock market indices rose on January 30, 29 and 28 too. It is quite significant that the market rose for four days at a stretch just before Budget 2025.
Today’s trading will be specially interesting since it could reflect the initial response of the investors real time to the Budget 2025 proposals that FM Nirmala Sitharaman will be tabling at the Parliament. Since October 2024, FII outflow has dampened Indian stock market investor sentiments and investors will look out eagerly for triggers from the budget to end the correction mode.
ONGC Q3 results
On Friday, January 31, PSU oil explorer ONGC reported a 6.92% drop in its net profit for Q3 (October-December 2024). The net profit figure stood at Rs 9,783.64 crore against Rs 10,511.23 crore in the Q3 last year. On a sequential basis too, the net profit dipped, since ONGC posted net profit of Rs 9,878.44 crore in the Q2 period of FY25. Revenue from operations for the company stood at Rs 166,096.68 crore in Q3 FY25 — it was slightly lower compared to the figure of Rs 167,356.63 crore in the year-ago period. ONGC’s revenue was at Rs 158329.1 crore in Q2 FY25.
Vedanta Q3 results
Vedanta has come out with its Q3 FY25 financial results, reporting a whopping 70% (y-o-y) jump in its Q3 FY25 net profits. It rose to Rs 4,876 crore from Rs 2,868 crore in Q2 of last year. Revenue from the operations of the company in Q3 FY25 rose 10.2% (Y-O-Y) to reach Rs 38,526 crore from Rs 34,968 crore in the corresponding period last year. In a regulatory filing, Vedanta said it had the highest Q3 EBITDA (operating profit of Rs 11,284 crore) — up 30% y-o-y.
Sun Pharma Q3 results
On January 31, pharmaceuticals major Sun Pharma announced its Q3 results whereby it reported 15% (y-o-y) rise in net profits to Rs 2,903 crore . The company also declared an interim dividend of Rs 10.5 per share for FY25. According to re[ports, Sun Pharma’s net profits were higher than D-Street’s estimate which was Rs 2,847 crore. The company has said that the record date for the interim dividend is February 6, 2025.
PNB Q3 results
Punjab National Bank (PNB), India’s second biggest PSU bank, reported a 103% surge in net profits in Q3 FY25. The net profit figure stood at Rs 4,508.21 crore in the quarter ended December 2024 compared to Rs 2,222.8 crore in Q3 last year. On a sequential basis, net profit rose 5% from Rs 4,303 crore in Q2 FY25. Net Interest Income of the bank increased 7.2% (y-o-y) to Rs 11,033 crore, compared to Rs 10,293 crore in Q3 last year. Total income leaped 16% to reach Rs 34,751.7 crore in Q3 FY25 against Rs 29,961.65 crore in Q3 of FY24.
Marico Q3 results
FMCG major Marico has reported a 4.2% (y-o-y) rise in net profit for October-December period (Q3) of FY25. It rose to Rs 399 crore and the comparative figure was Rs 383 crore in the similar period last year. The firm’s revenue grew by 15.4% and jumped to Rs 2,794 crore from Rs 2,422 crore in Q3 last year. The FMCG firm’s EBITDA (earnings before interest, tax, depreciation, and amortization) rose by only 3.9% and went up to Rs 533 crore, up from Rs 513 crore a year ago.
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Stocks in news today include ONGC, Vedanta, Sun Pharma, PNB, Marico for their Q3 FY25 results. The market rose by a handsome 768.05 points, or 1.00% (for Sensex) and 274.30 points, or 1.18%, for Nifty. Today’s trading will be specially interesting since it could reflect the initial response of the investors real time to the Budget 2025 proposals that FM Nirmala Sitharaman will be tabling at the Parliament. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
