Indian stock markets dived on the first day of the week. 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%). According to analysts some of the factors driving the market down on January 27 were continuous outflow of FII investments, lacklustre Q3 earnings, apprehension in some investors that the Budget 2025 to be presented on February 1 could include doses of populism, concerns over the tariff policies of the Donald Trump administration and concerns that the US Fed would not cut policy rates further since the US economic indicators in the US are quite strong.
It remains too be seen how the market moves this week, since a few days are left for the Union finance minister to present the budget for FY26. It will be an extremely significant budget where she has to address GDP growth concerns and try to generate jobs for the youth of the country.
Coal India Q3 results
On January 27, Coal India announced its Q3 results FY25 with a drop of 17.49% in PAT in comparison to PAT in Q3 last year. While it was Rs 10,291.71 crore in Q3 last year, it has dipped to Rs 8491.22 crore for Q3 in FU25. Revenues from operations was at Rs 35,779.78 crore. This was also down 1.03% against Rs 36,153.97 crore recorded in Q3 of FY24. CIL’s EBITDA (operating profit) stood at Rs 12,317.2 crore in October-December 2024 while net sales was recorded at Rs 32,359 crore. In Q3 FY25, coal production stood at 202.02 million tonnes (MT), up 2% from 198.99 MT which was recorded in the same quarter in FY24.
Tata Steel Q3 results
The steel giant from the Tata Group, Tata Steel, came up with Q3 financials for FY25. Net profits dipped 43% to reach Rs 295.49 crore, compared to Rs 522.14 crore in the October-December period of 2023 (FY24). However, analysts pointed out that the company could have done a lot worse, given the adverse market conditions. A host of market conditions defined by a glut arising from Chinese supply, low prices in the domestic market which is attributed to the slackening of growth rates in the domestic economy etc. Tata Steel’s revenue from operations declined 2.7% and reached Rs 53,231 crore in Q3 FY25. The comparable figures for Q3 FY24 was Rs 54,727.30.
Bajaj Housing Finance Q3 results
One of the major NBFCs in housing finance, Bajaj Housing Finance, reported Q3 results and came up with a 25.4% (year-on-year) jump in net profits for October-December period of FY25. The profit stood at Rs 548 crore, up from Rs 437 crore in the corresponding period a year ago. Bajaj Housing Finance also witnessed a 26% rise in the AUM which stood at Rs 5,745 crore at the end of December 2024. The net interest income figure was reported at Rs 933 crore — a 25.1% rise from Rs 745.8 crore in Q3 of FY24. The NBFC also reported a 25% growth in PBT (profit before tax) and PAT (profit after tax).
Emami Q3 results
Net profit for the Kolkata-based FMCG major Emami surged 7% to reach Rs 279 crore in Q3 of FY25. Its revenue jumped 5.3% to touch Rs 1,050 crore. Emami also reported a 7.03% rise in net profit of Q3 of FY25 to touch Rs 278.98 crore, and revenue growth of 5.33%. The company also declared a second interim dividend of Rs 4 per share. The financials were attributed to a robust volume growth in sales.
Piramal Enterprises Q3 results
Piramal Enterprises returned to the black with a net profit of Rs 39 crore for Q3 FY24. In comparison it reported a loss of Rs 2,378 crore in Q3 of FY24, which was attributable to a one-time provision on its Alternate Investment Fund (AIF) head following a directive by RBI. “Since then, the profitability situation has remained steady. In this quarter, against the AIF provision made last year, there was a recovery of Rs 550 crore, resulting in a Rs 376 crore gain in the profit and loss account,” Jairam Sridharan, MD of Piramal Capital & Housing Finance was quoted in the media as saying.
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The stocks of Coal India, Tata Steel, Bajaj Housing Finance, Emami, Piramal Enterprises are the news for their Q3 earning figures. Both majors such as Tata Steel and PSU Coal India suffered an erosion of net profit compared to the same period in Q3 of FY24. But housing finance major Bajaj Housing Finance reported a surge in profits. For more information, read on. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
