Kolkata: A day after the market indices dived, both Sensex and Nifty staged a recovery of sorts on Tuesday, January 28. At the end of the day, Sensex stood at 75,901.41 points, up 535.23 points (or 0.71%), while Nifty rose by 128.10 points or 0.56% to close the day at 22,957.25 points. On January 27, Sensex ended the session at 75,366.17 points, down 824.29 points (or 1.08%), while Nifty touched 22,829.15 points at the end of the day, down 263.05 points (or 1.14%).
Banking and financial stocks performed well on January 28. HDFC Bank, ICICI Bank, Axis Bank and Bajaj Finance contributed handsomely to both Sensex and the Nifty 50. Nifty Bank and Nifty Financial Services indices rose by about 2% following RBI’s announcement to infuse liquidity in the banking system which has been passing through one of the worst liquidity crises in recent times.
TVS Motor Q3 results
On January 28, TVS Motor reported a 4.2% year-on-year rise in net profit for the October-December quarter (Q3), touching Rs 618 crore against Rs 593 crore in the same period last year. Profit after tax (PAT) was at Rs was 657 crore which analysts said was a bit below market expectations. Sales figures was at Rs 9,097 crore, up 10% from the figure of Rs 8,245 crore in Q3 last year.
Bajaj Auto Q3 results
On January 28, Bajaj Auto came up with a 3% (YoY) rise in standalone net profit of Rs 2,109 crore for Q3 FY25. Revenue from sales rose by 6% and touched Rs Rs 12,807 crore in the same epriod. PAT increased by 5% on a sequential basis — Rs 2,005 crore in Q2 (July-September). But revenues dipped 2% on a sequential basis. But the rise in revenue on a year-on-year basis was fuelled by robust exports and a consumption from the green vehicle portfolio. EBIDTA, or operating profit, rose 6% (y-o-y) to touch Rs 2,581 crore.
Hyundai Motor Q3 results
India’s second-largest carmaker, Hyundai Motor India announced a 19% dip in net profit figures for Q3 FY25 period, when it stood at Rs 1,161 crore — an outcome of depressed demand in domestic and export markets. It was Rs 1,425 crore during the same period last year. The company has targeted a 20% market share in the electric vehicle (EV) sector in the mid-to-long term, with the newly launched Creta Electric expected to play a pivotal role, Tarun Garg, director and COO of the company told the media.
Cipla Q3 results
Cipla on Tuesday came up with a net profit of Rs 1,571 crore for Q3 FY25 that indicated a big 49% jump from the Rs 1,056 crore figure it clocked in Q3 of the previous year. It was reportedly higher than market expectations. Cipla also reported revenue from operations at Rs 7,073 crore — its highest ever quarterly sales and was a 7% rise from the Rs 6,604 crore figure in Q3 of last year. The operating profit figure (EBITDA) also rose about 16% (y-o-y) to Rs 1,989 crore.
Hindustan Zinc Q3 results
Hindustan Zinc, which belongs to the Vedanta group, came up with a 32% jump in net profit for Q3 FY25. It stood at Rs 2,678 crore against a figure of Rs 2,028 crore in the same quarter a year earlier. The consolidated income of the company in October-December 2024 was recorded at Rs 8,832 crore against Rs 7,606 crore in the year-ago period.
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The stocks of TVS Motor, Bajaj Auto, Hyundai, Cipla and Hindustan Zinc are in the news today for their Q3 earning figures. While Cipla and Hindustan Zinc reported jump in net profits, Hyundai Motor disappointed due to lack of demand. For more information, read on. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
