Q4 Results Highlights 22 May 2025: Strides, Emcure post Q4 gains; ITC profit jumps 4x; Honasa, Sun Pharma PAT declines; IndusInd, NTPC Green advance
Q4 Results May 22, 2025 Highlights: Find all the Q4 results 2025 highlights for ITC, Emcure Pharmaceuticals,Sun Pharmaceutical Industries,Ramco Cements, JSL Industries, Honasa Consumer, Emerald Finance, Gujarat State Petronet Ltd, Jigar Cables Ltd, Premier , South West Pinnacle Exploration Ltd, Strides Pharma Science Ltd, Sundaram Multi Pap Ltd, Container Corporation of India, Metro Brands, Deepak Fertilisers And Petrochemicals Corporation, Clean Science & Technology, TBO Tek, HFCL, Astra Microwave Products, Power Mech Projects, Sundaram Finance Holdings, Max Estates Ltd, MTAR Technologies, Unichem Laboratories, Greenpanel Industries Limited, HPL Electric and Power, Centum Electronics, Sandhar Technologies, Gandhar Oil Refinery India, Igarashi Motors, Walchandnagar Industries, MIC Electronics, Lincoln Pharmaceuticals, Mercury Ev-Tech, Credo Brands Marketing, Dwarikesh Sugar Industries, NBI Industrial Finance Company, Orient Paper and Industries, Orient Paper and Industries, Kronox Lab Sciences, Investment & Precision Castings and a few more companies that announced Q4 results.
ONGC, VA Tech Wabag, IndiGo, IndusInd Bank, Mankind Pharma, Colgate Palmolive, NTPC Green Energy, Rail Vikas Nigam, Star Cement and more announced results yesterday, May 21, 2025.
- 18:09 | May 22, 2025
Honasa Consumer Q4 results live: Revenue grows to ₹534 crore
- 17:37 | May 22, 2025
ITC Q4 results live: Profit soars 4 times to ₹19,808 cr; FY25 earnings jump 69%
- 17:05 | May 22, 2025
Geojit Financial Q4 results live: Net dips 38%
- 16:14 | May 22, 2025
IndusInd Bank promoter reaffirms commitment to capital support amid Q4 loss
A day after IndusInd Bank slipped into the red due to accounting discrepancies in its derivatives and microfinance institution portfolio, its promoter said should any further equity be required for business growth, it remains committed to supporting the bank.
“Though the Capital Adequacy of the Bank is quite healthy, for business growth, should any further equity be required, IIHL, as the promoter of IBL, remains committed to supporting the Bank, as it has done over the past 30 years,” said Ashok P. Hinduja, Chairman, IIHL, which is the promoter of IndusInd Bank.
- 16:12 | May 22, 2025
IndusInd Bank to report muted financials in near-term, uphill task ahead for new CEO: Brokerages – PTI
IndusInd Bank may face muted financials in the medium to near-term, and the new MD and CEO will have an “uphill task” of resurrecting the bank and regaining investor trust, brokerages said on Thursday after the beleaguered bank reported its biggest net loss in 20 years.
Most brokerages see downside in shares of IndusInd Bank, which posted a net loss of Rs 2,329 crore, marking one of the worst quarters in terms of both financial metrics and top level upheavals in the wake of accounting (derivative, MFI, other assets/liabilities) fraud.
Brokerage firm Emkay in its note said: “We believe these developments could hurt the bank’s business and financials in the near-to-medium term.” Nirmal Bang, taking note of “uncertain outlook on various parameters”, has cut the bank’s earnings estimates by 23.6 per cent in current fiscal and 13 per cent for FY’27.
Lapses in derivatives accounting, slippages in microfinance portfolio, and fraud in balance sheet disclosures have rattled the private sector bank in the March quarter. The bank’s internal audit review has found “involvement of senior Bank officials, including former Key Management Personnel (KMP), in overriding key internal controls”.
The bank has reported likely involvement of the senior management in the accounting fraud to the central government.
IndusInd Bank Board is expected to submit names to the RBI for a new MD by June 30.
“We believe that given the series and intensity of frauds, the RBI may possibly consider appointing a nominee director on the Board and even push for a PSB banker as the MD, as has been seen in other beleaguered banks. Even in the event of a private banker being onboarded, as the new MD they will be faced with the uphill task of resurrecting the bank and regaining customer/investor trust,” Emkay said.
Nuvama Institutional Equities in its note said the new CEO will have to tighten internal controls, strengthen governance and likely rebalance the asset mix, implying a sharp slowdown in earnings growth for next two years.
“Every other bank that has gone through accounting discrepancies or prior-period adjustments has taken 3–4 years to achieve a new normal. IndusInd, being a large bank, could take less time. Also, how retail depositors behave in the short term after back-to-back disclosures of prior-period adjustments is unknown,” Nuvama said.
In January, the bank’s CFO Gobind Jain resigned. On April 29, CEO Sumant Kathpalia and Deputy CEO Arun Khurana resigned from the bank, following which IndusInd Board appointed a Committee of Executives to oversee the operations of the bank, till a new MD and CEO assumes charge ICICI Securities in its note said it believes IndusInd Bank would prioritise balance sheet stability vs. growth while the path to RoA revival remains uncertain, even if it was to get a signature hire.
“We expect a sharp EPS (earnings per share) downgrade in consensus estimates,” ICICI Securities said, while retaining its ‘sell’ rating on the bank with a target price of Rs 650.
IDBI Capital has downgraded the scrip to ‘sell’ rating with a new target price of Rs 680.
Even after a dismal March quarter results, IndusInd Bank shares on Thursday afternoon bounced back after falling nearly 6 per cent in early trade.
(PTI)
- 16:08 | May 22, 2025
Orient Bell Q4 results live:
Orient Bell reported standalone net profit for the quarter ended March 2025 at ₹2.42 crore as against ₹4.61 crore in the corresponding quarter last year.
- 16:04 | May 22, 2025
Udaipur Cement Works Q4 results live:
Udaipur Cement Works reported its net profit for the quarter ended March 2025 at ₹39.59 crore as against ₹18.46 crore in the corresponding quarter last year.
- 16:03 | May 22, 2025
Greenpanel Industries Q4 results live:
Greenpanel Industries reported its net profit for the quarter ended March 2025 at ₹29.39 crore as against ₹29.80 crore in the corresponding quarter last year.
- 15:46 | May 22, 2025
Bajel Projects Q4 results live: Key highlights
Bajel Projects Ltd, a Bajaj Group company, has declared its results for the quarter and financial year ended 31st March 2025. For the fourth quarter of FY’25, the Company achieved a total income of Rs. 808.03 Cr. as against Rs. 507.23 Cr., a growth of 59% over the corresponding quarter of the previous year. For the quarter, the EBITDA stood at Rs 27.33 Cr. as against Rs. 25.91 Cr. in the corresponding quarter of the previous year.
- 15:28 | May 22, 2025
HEC Infra Projects Q4 results live:
HEC Infra Projects reported its net profit for the quarter ended March 2025 at ₹5.47 crore as against ₹25.87 lakh in the corresponding quarter last year.
- 15:23 | May 22, 2025
Sirca Paints India Q4 results live:
Sirca Paints India reported its consolidated net profit for the quarter ended March 2025 at ₹14.11 crore as against ₹12.51 crore in the corresponding quarter last year.
Board recommended final dividend of ₹1.50 per equity share.
Shares rose 1.68% on the NSE to ₹303.30
- 15:18 | May 22, 2025
Astra Microwave Products Q4 results live:
Astra Microwave Products reported its consolidated net profit for the quarter ended March 2025 at ₹73.49 crore as against ₹54.40 crore in the corresponding quarter last year.
Board recommended Dividend of ₹2.20 per equity share.
Shares rose 1.71% on the NSE to ₹1,118.25 as at 3.18 pm.
- 15:16 | May 22, 2025
Deepak Fertilizers and Petrochemicals Corporation Q4 results live:
Deepak Fertilizers and Petrochemicals Corporation reported its consolidated net profit for the quarter ended March 2025 at ₹277.86 crore as against ₹229.96 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹10 per equity share.
Shares up 1% on the NSE to ₹1,382.40 as at 3.15 pm.
- 15:10 | May 22, 2025
Subros Q4 result slive: Q4 profit up
Subros reported consolidated net profit for the quarter ended March 2025 at ₹46.20 crore as against of ₹30.43 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹2.60 per equity share.
Stock rose 2.44% on the NSE to ₹719.65 as at 3.09 pm.
- 15:08 | May 22, 2025
Bharat Gears Q4 result slive:
Bharat Gears reported consolidated net profit for the quarter ended March 2025 at ₹1.71 crore as against loss of ₹1.74 crore in the corresponding quarter last year.
Shares rallied 12.10% on the NSE to ₹94 as at 3.08 pm.
- 15:02 | May 22, 2025
MIC Electronics Q4 results live:
MIC Electronics recorded consolidated net profit for the quarter ended March 2025 at ₹3.57 crore as against ₹49.59 crore in the corresponding quarter last year.
Shares traded flat on the NSE at ₹58.80.
- 15:00 | May 22, 2025
Adani Group’s EBITDA hits all-time high of ₹89,809 crore during FY25
The Adani Group reported a record Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of ₹89,809 crore, registering a 8.2 per cent year-on-year growth during financial year 2024-25, the Adani Group stated, Thursday.
Terming financial year 2025 as a “landmark year”, the Group said about 82 per cent of the EBITDA was contributed by the highly stable ‘Core Infrastructure’ platform comprising of utility (companies like Adani Green Energy, Adani Power, Adani Energy Solution and Adani Total Gas), transport (APSEZ) and Adani Enterprises Ltd’s incubating infrastructure business.
- 15:00 | May 22, 2025
Oil India reports profit of ₹1,497 crore in Q4 FY25
State-run Oil India (OIL) reported a 36 per cent decline in its consolidated net profit at around ₹1,497 crore in Q4 FY25 largely on account of fall in crude oil and gas prices.
However, net profit of the exploration and production (E&P) firm was higher by 3 per cent.
OIL’s consolidated total income was lower at ₹9,970 crore in Q4 FY25, compared to ₹10,375 crore in Q4 FY24. It reported a total income of ₹9,391 crore in Q3 FY25.
- 14:59 | May 22, 2025
ONGC posts ₹8,856 crore profit in Q4 FY25
State-run ONGC reported a 20 per cent year-on-year (y-o-y) decline in its consolidated net profit to ₹8,856 crore during Q4 FY25, largely due to falling oil and gas prices coupled with nearly flat production.
The exploration and production (E&P) major’s consolidated gross revenue fell marginally on an annual basis to ₹1.70 lakh crore during the March quarter of the last fiscal year.
For FY25, ONGC’s consolidated net profit fell by 30.7 per cent y-o-y to ₹38,329 crore. Consolidated revenue for the period rose by 1.5 per cent to ₹6.63 lakh crore.
- 14:58 | May 22, 2025
Gokaldas Exports sees 19% y-o-y jump in PAT to ₹53 cr, total revenue grows by 27%
Gokaldas Exports reported a 19 per cent year-on-year (y-o-y) increase in consolidated profit after tax to ₹53 crore in the fourth quarter of FY25, compared to ₹44 crore in the corresponding quarter of the previous fiscal.
The company recorded consolidated total revenue of ₹1,035 crore, up 27 per cent y-o-y.
The standalone EBITDA margin stood at 14.4 per cent for Q4 FY25, compared to 11.9 per cent in the third quarter of the current fiscal.
- 14:58 | May 22, 2025
Sandhar Technologies Q4 results live:
Sandhar Technologies recorded consolidated net profit for the quarter ended March 2025 at ₹42.61 crore as against ₹35.86 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹3.50 per equity share.
It has also approved investment in the shares of Clean Renewable Energy KK 1A Private Limited (SPV) for infusing the equity upto the value of ₹2.72 crore to secure a long-term reliable source of renewable energy through Solar and Wind Power, in the State of Karnataka.
Stock rose 1.71% on the NSE to ₹441.
- 14:52 | May 22, 2025
Igarashi Motors India Q4 results live: Q4 profit declines
Igarashi Motors India recorded consolidated net profit for the quarter ended March 2025 at ₹3.06 crore as against ₹5.14 crore in the corresponding quarter last year.
Board recommended dividend of ₹2.50 per share.
Stock declined 4.72% on the NSE to ₹481.65 as at 2.52 pm.
- 14:42 | May 22, 2025
Barbeque Nation Hospitality Q4 results live:
Barbeque Nation Hospitality recorded consolidated net loss for the quarter ended March 2025 at ₹20.2 crore as against ₹0.37 million loss in the corresponding quarter last year.
- 14:40 | May 22, 2025
Hindustan Motors Q4 results live:
Hindustan Motors recorded net loss for the quarter ended March 2025 at ₹71 lakh as against ₹16.10 crore (profit) in the corresponding quarter last year.
- 14:38 | May 22, 2025
Emcure Pharmaceuticals Q4 results live: Q4 profit up, dividend of ₹3, incorporation of subsidiary, shares gain
Emcure Pharmaceuticals recorded its consolidated net profit for the quarter ended March 2025 at ₹189 crore as against ₹115.2 crore in the corresponding quarter last year.
Board recommended final dividend of ₹3 per equity share.
It also approved the proposal for incorporation of a wholly-owned subsidiary company by the name “Emcure Generics Private Limited.”
Stock soared 5.08% on the NSE to ₹1,128.10 as at 2.37 pm.
- 14:35 | May 22, 2025
Indoco Remedies Q4 results live: Q4 loss widens
Indoco Remedies recorded its consolidated net loss for the quarter ended March 2025 at ₹40.39 crore as against ₹22.70 crore profit in the corresponding quarter last year.
Board recommended Dividend of ₹0.20 per equity share.
Stock traded 4.84% lower on the NSE at ₹248.91 as at 2.34 pm.
- 14:30 | May 22, 2025
Ramco Systems reports 18% growth in Q4FY25 revenue
Ramco Systems reported a 18 per cent growth in the consolidated revenue from operations at ₹155.2 crore for the fourth quarter of FY25 ended March. The net profit after tax for the quarter stood at Rs 5 crore compared to a loss of ₹22 crore in the same quarter last year.
For the full fiscal year, the software product company’s consolidated revenue grew 13 per cent YoY to end at ₹591 crore. The net loss after tax for the year stood at ₹34 crore and was brought down substantially from FY24, when net loss was ₹242 crore.
“The transformation journey we began several quarters ago, focused on revamping our platforms, modernizing our tech stack, and laying the foundation for scalable, user-friendly, and future-ready enterprise software — has begun to yield results,” P R Venketrama Raja, Chairman, Ramco Systems, said.
- 14:29 | May 22, 2025
Sundaram Finance Holdings Q4 results live:
Sundaram Finance Holdings recorded its consolidated net profit for the quarter ended March 2025 at ₹107.14 crore as against ₹269.32 crore in the corresponding quarter last year.
- 14:27 | May 22, 2025
Goodluck India Q4 results live:
Goodluck India recorded its consolidated net profit for the quarter ended March 2025 at ₹41.94 crore as against ₹36.87 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹4 per equity share.
Stock traded 2.11% lower on the NSE at ₹927.
- 14:22 | May 22, 2025
N. B. I. Industrial Finance Company Q4 results live:
N. B. I. Industrial Finance Company recorded its net profit for the quarter ended March 2025 at ₹8.15 crore as against ₹8.5 crore in the corresponding quarter last year.
Board has recommended dividend of ₹0.50 per equity share.
Shares were up 2.66% on the NSE to ₹2,525.
- 14:20 | May 22, 2025
Emami Realty Q4 results live:
Emami Realty reported its consolidated net loss for the quarter ended March 2025 at ₹79.68 crore as against ₹70.38 crore in the corresponding quarter last year.
Shares declined 1.34% on the NSE to ₹115.10.
- 14:19 | May 22, 2025
Shiva Texyarn Q4 results live:
Shiva Texyarn reported its consolidated net profit for the quarter ended March 2025 at ₹6.17 crore as against ₹5.13 crore in the corresponding quarter last year.
The board has granted In-Principle approval to acquire 11.50% of equity stake in Finecot Spinning Mills Private Limited.
Board recommended Final Dividend of ₹0.60 per equity share.
Stock traded flat on the NSE at ₹230.01.
- 14:16 | May 22, 2025
Unichem Laboratories Q4 results live:
Unichem Laboratories reported its consolidated net profit for the quarter ended March 2025 at ₹52.97 crore as against the loss of ₹136.74 crore in the corresponding quarter last year.
Shares traded at ₹641.55 on the NSE, climbing 5.47% as at 2.15 pm.
- 13:40 | May 22, 2025
Strides Pharma Science Q4 results live: Q4 profit at ₹86 cr, dividend of ₹4
Strides Pharma Science reported consolidated net profit for the quarter ended March 2025 at ₹86 crore as against ₹10.4 crore in the corresponding quarter last year.
Board recommended dividend of ₹4 per share.
Stock rose 1.63% on the NSE to ₹706.90.
- 13:37 | May 22, 2025
ITC Q4 results live: Shares down ahead of Q4 results
- 13:27 | May 22, 2025
Kriti Industries (India) Q4 results live: Q4 loss at ₹3.66 cr
Kriti Industries (India) reported consolidated net loss for the quarter ended March 2025 at ₹3.66 crore as against profit of ₹3.60 crore in the corresponding quarter last year.
Shares traded 5.98% lower on the NSE at ₹128.05 as at 1.26 pm.
- 13:07 | May 22, 2025
Mid-market report: Sensex, Nifty 50 tumble
Shares of Tata Steel, Bharti Airtel, Jio Financial Services, IndusInd and Bharat Electronics only traded in the positive territory with marginal gains among Nifty 50 components.
On the flip side, M&M, Power Grid, Tech Mahindra, Wipro and ITC traded among major laggards.
Equity benchmark indices fell sharp due to rising concerns over debt and deficit levels in the US Market experts stated that pressure in bond markets worldwide also impacted investors’ sentiment.
CHECK OUT TOP MOVERS FOR THE DAY
NSE, BSE Top gainers & losers today May 22: Sensex tumbles 980 pts, Tata Steel, IndusInd, BEL, Jio shares trade with marginal gains, IndiGo, NTPC Green, Colgate, Va Tech shares react to Q4 numbers
Shares of Tata Steel, Bharti Airtel, Jio Financial Services, IndusInd and Bharat Electronics only traded in the positive territory with marginal gains among Nifty 50 components.
- 13:05 | May 22, 2025
Clean Science and Technology Q4 results live:
Clean Science and Technology reported consolidated net profit for the quarter ended March 2025 at ₹74.1 crore as against ₹70.3 crore in the corresponding quarter last year.
Board recommended final dividend of ₹4 per share.
Stock rose 1.08% on the NSE to ₹1,288.30.
- 12:18 | May 22, 2025
Q4 results live: IndiGo shares rise as brokerages hike targets after strong Q4, Moody’s investment grade rating
InterGlobe Aviation shares traded at ₹5,468, up ₹6.50 (0.12 per cent) on the NSE at 11.55 am following strong fourth quarter results and multiple brokerage target price upgrades. The airline also achieved a significant milestone with Moody’s assigning its debut investment grade credit rating of Baa3 with stable outlook.
Major brokerages raised their target prices after IndiGo’s Q4 performance beat estimates. Morgan Stanley increased its target to ₹6,502 from an overweight rating, while Citi raised its target to ₹6,500 from ₹6,400 maintaining a buy rating. Jefferies lifted its target to ₹6,300 from ₹5,700 and Goldman Sachs raised it to ₹5,700 from ₹5,050; both maintaining buy ratings.
- 12:07 | May 22, 2025
RVNL Q4 results live: RVNL shares in focus, Q4 profit dip y-o-y
RVNL shares traded 1.46% lower on the NSE at ₹406.05 as at 12.04 pm, after hitting a low of ₹404.20.
The company reported consolidated net profit for the quarter ended March 2025 at ₹459.15 crore as against ₹478.56 crore in the corresponding quarter last year.
The board recommended Final Dividend of ₹1.72 per equity share.
- 12:00 | May 22, 2025
Balmer Lawrie eyes 20% revenue growth at ₹3,000 cr for FY26, targets ₹6,000 cr revenue by 2030
Diversified PSU Balmer Lawrie & Co is eyeing around 20 per cent y-o-y growth in its revenue to around Rs 3000 crore for this fiscal as the company expects its logistics business to become the largest contributor to the topline. The company has set a target of clocking Rs 6000 crore revenue by 2030.
In the logistics business, the company is entering two new areas: Rail logistics and third party logistics (3PL).
“We are going to foray into rail logistics, and our first rake should be getting commissioned this month itself. We will start carrying cargo for customers from the eastern part of the country to the northern part of the country. In this case, we have taken the rakes on lease from an American company. Depending on the nature of success, we will definitely look at the possibility of buying our own rakes. We already have an MoU with Braithwaite, so it is not impossible that we buy our own rakes,” Balmer Lawrie & Co Chairman and Managing Director Adhip Nath Palchaudhuri told reporters on Wednesday.
Initially, the company will handle finished steel cargo from the Rourkela steel plant of SAIL. It is also exploring tie-ups with RINL and NMDC.
- 11:58 | May 22, 2025
IndusInd Bank tops Nifty 50 as brokerage says co begins FY26 on ‘clean slate’ – Reuters
** IndusInd Bank shares up 2.8% at 791 rupees on the day
** Top gainer on Nifty 50 index and Nifty Bank index
** Private lender rose as much as 3.5% after falling as much as 5.7%
** INBK posts biggest quarterly loss at 22.36 billion rupees ($261.29 million) in Q4 following suspected employee fraud that led to accounting lapses
** Bank has fully recognised financial impacts from all accounting lapses, allowing it to begin fiscal year 2026 “on a clean slate” – Emkay Global
** Jefferies says uncertainty and profitability remain concerns; valuations are near historical lows
** At least six brokerages downgrade stock; 13 slashed PT on concerns over profitability, uncertainty over management succession
** Avg rating of 37 analysts is “hold”, median PT 740 rupees – data compiled by LSEG
Reuters
- 11:52 | May 22, 2025
Interarch Building Solutions Q4 results live: Key highlights
- 11:47 | May 22, 2025
Q4 results live: Cupid expects turnover growth of 65% in FY26
Cupid Ltd, a leading manufacturer of condoms and FMCG products, expects turnover to increase 65 per cent this fiscal to ₹335 crore against ₹203 crore logged in FY25, on the back new product launches and ventures into new markets.
Th company is looking at growing its topline at a CAGR of 50 per cent over the subsequent two years.
Cupid has onboarded over one lakh retail touchpoints across chemists, modern trade and general trade Pan-India for a robust growth in FMCG branded business.
- 11:16 | May 22, 2025
Stove Kraft Q4 results live: Shares down post Q4 results
Stove Kraft reported its net profit for the quarter ended March 2025 at ₹1.44 crore as against ₹2.65 crore in the corresponding quarter last year.
Board Recommended Final Dividend of ₹3 per Equity Share.
Stock declined 4.01% on the NSE to ₹574.40 as at 11.15 am.
- 11:09 | May 22, 2025
Q4 results live: Prestige Estates Projects board to consider Financial Results Of Quarter And Year Ended March 31, 2025, Final Dividend And Issuance Of NCDs at its meeting on May 29
- 10:59 | May 22, 2025
Colgate Palmolive Q4 results live: Key highlights
(Investor Presentation)
- 10:54 | May 22, 2025
ITC Q4 results live: Shares decline ahead of Q4 results
- 10:50 | May 22, 2025
ONGC shares fall despite record dividend as Q4 profit misses estimates
Oil and Natural Gas Corporation (ONGC) shares declined 1.52 per cent to ₹244.90 on Wednesday morning despite the state-owned explorer announcing its highest-ever dividend payout, as fourth-quarter earnings fell short of analyst expectations.
The company reported a standalone net profit of ₹6,448 crore for Q4 FY25, significantly below the consensus estimate of ₹8,804 crore. The 22 per cent earnings miss was primarily attributed to substantial dry well write-offs recognised during the quarter, according to brokerage firms.
However, ONGC maintained its record total dividend of ₹15,411 crore for FY25, comprising an interim dividend of 220 per centand a final dividend of 25 per cent per share. The total dividend translates to ₹12.25 per share on a face value of ₹5 each.
- 10:36 | May 22, 2025
Geojit Financial Services Q4 results live: Shares gain after opening lower
Geojit Financial Services stock traded 1.16% positive on the NSE at ₹87.55 as at 10.35 am, after opening lower at ₹85.05.
The company reported a 38% decline in consolidated net profit at ₹32.21 crore in the March 2025 quarter compared to a profit of ₹51.91 crore in the year-ago period.
- 10:34 | May 22, 2025
ITC results preview: Revenue expected to see single digit growth for Q4FY25, margins likely to fall
Although cigarette-to-soap maker ITC Ltd is expected to report a single digit year-on-year (y-o-y) revenue growth for the fourth quarter of last fiscal, gross margin and Ebitda margin are likely to fall sharply during the period, due to high raw material prices, according to brokerages.
The diversified conglomerate could witness a de-growth in its adjusted net profit on a y-o-y basis for Q4FY25.
The Hotels business of ITC Ltd was demerged into ITC Hotels Ltd with effect from January 1, 2025. The equity shares of the hospitality major were listed on the NSE and BSE on January 29.
ITC results preview: Revenue expected to see single digit growth for Q4FY25, margins likely to fall
ITC Ltd expected to report single digit revenue growth, but margins may fall due to high raw material prices.
- 10:09 | May 22, 2025
GUJGA 4QFY25 Concall KTAs
GUJGA 4QFY25 Concall KTAs
* EBITDA/scm guidance maintained at ₹4.5–5.5.
* CNG volumes to grow 12% YoY in FY26 (4Q: +8% in Gujarat, +28% in others).
* Industrial volumes: Morbi at 2.87mmscmd; ~9 new units coming up. 1QFY26 volumes stable QoQ as NG and Propane prices corrected.
* Propane vs NG: ₹43/scm vs ₹46.5/scm; sourcing at 12–13% slope remains competitive.
* Sourcing mix: APM 25%, LT 35%, ST 40% (no HH currently, new LT contracts being finalized).
* Merger update: Sep–Oct’25 target; MCA approval pending.
* CNG infra: 3 new outlets added in 4Q; 70 more planned under F-DODO in FY26.
* Capex: ₹1,000cr guidance retained for FY26.
* Other:
₹60m write-offs, ₹350m CSR in 4Q
2L CNG vehicles, 1.5L D-PNG customers added in FY25
Only GUJGA allowed to supply LNG in allocated GAs
- 10:07 | May 22, 2025
Q4 results live: Key highlights
Interglobe Aviation Ltd. (C)
- Revenue at Rs. 22151.9 cr. Vs. Rs. 17825.3 cr. YoY, Rs. 22110.7 cr. QoQ.
- EBITDA at Rs. 6089.4 cr. Vs. Rs. 3993.6 cr. YoY, Rs. 5178.6 cr. QoQ.
- EBITDA M at 27.5% Vs. 22.4% YoY, 23.4% QoQ
- Net Profit at Rs. 3067.5 cr. Vs. Rs. 1894.8 cr. YoY, Rs. 2448.8 cr. QoQ.
Power Finance Corporation Ltd. (C)
- NII at Rs. 12681.0 cr. Vs. Rs. 8987.7 cr. YoY, Rs. 10236.4 cr. QoQ.
- Net Profit at Rs. 8357.9 cr. Vs. Rs. 7556.4 cr. YoY, Rs. 7759.6 cr. QoQ.
- NTPC Green Energy Ltd. (C)
- Revenue at Rs. 622.3 cr. Vs. Rs. 508.1 cr. YoY, Rs. 505.1 cr. QoQ.
- EBITDA at Rs. 560.3 cr. Vs. Rs. 436.8 cr. YoY, Rs. 423.5 cr. QoQ.
- EBITDA M at 90.0% Vs. 86.0% YoY, 83.9% QoQ
- Net Profit at Rs. 233.2 cr. Vs. Rs. 81.0 cr. YoY, Rs. 65.6 cr. QoQ.
UNO Minda Ltd. (C)
- Revenue at Rs. 4528.3 cr. Vs. Rs. 3794.0 cr. YoY, Rs. 4184.0 cr. QoQ.
- EBITDA at Rs. 526.7 cr. Vs. Rs. 474.0 cr. YoY, Rs. 457.0 cr. QoQ.
- EBITDA M at 11.6% Vs. 12.5% YoY, 10.9% QoQ
- Net Profit at Rs. 289.2 cr. Vs. Rs. 301.7 cr. YoY, Rs. 254.4 cr. QoQ.
Astral Ltd. (C)
- Revenue at Rs. 1681.4 cr. Vs. Rs. 1625.1 cr. YoY, Rs. 1397.0 cr. QoQ.
- EBITDA at Rs. 300.4 cr. Vs. Rs. 291.1 cr. YoY, Rs. 214.3 cr. QoQ.
- EBITDA M at 17.9% Vs. 17.9% YoY, 15.3% QoQ
- Net Profit at Rs. 178.1 cr. Vs. Rs. 181.3 cr. YoY, Rs. 112.6 cr. QoQ.
Trident Ltd. (C)
- Revenue at Rs. 1864.3 cr. Vs. Rs. 1682.3 cr. YoY, Rs. 1667.1 cr. QoQ.
- EBITDA at Rs. 245.1 cr. Vs. Rs. 205.5 cr. YoY, Rs. 213.7 cr. QoQ.
- EBITDA M at 13.1% Vs. 12.2% YoY, 12.8% QoQ
- Net Profit at Rs. 133.4 cr. Vs. Rs. 59.0 cr. YoY, Rs. 80.1 cr. QoQ.
Star Cement Ltd. (C)
- Revenue at Rs. 1052.1 cr. Vs. Rs. 913.5 cr. YoY, Rs. 718.8 cr. QoQ.
- EBITDA at Rs. 262.7 cr. Vs. Rs. 179.7 cr. YoY, Rs. 104.2 cr. QoQ.
- EBITDA M at 25.0% Vs. 19.7% YoY, 14.5% QoQ
- Net Profit at Rs. 123.1 cr. Vs. Rs. 87.7 cr. YoY, Rs. 9.0 cr. QoQ.
- 10:06 | May 22, 2025
Oswal Greentech Q4 results live: Key highlights
Oswal Greentech Ltd. (S)
Revenue at Rs. 19.8 cr. Vs. Rs. 25.5 cr. YoY, Rs. 15.3 cr. QoQ.
EBITDA at Rs. -6.4 cr. Vs. Rs. 0.0 cr. YoY, Rs. -6.4 cr. QoQ.
EBITDA M at -32.5% Vs. 0.2% YoY, -42.0% QoQ
Net Profit at Rs. -0.6 cr. Vs. Rs. 3.3 cr. YoY, Rs. 0.5 cr. QoQ.
- 10:05 | May 22, 2025
NALCO Q4 results live:
NALCO Q4
CONS NET PROFIT UP 108 % AT 2067 CR (YOY), UP 32 % (QOQ)
REVENUE UP 47 % AT 5267 CR (YOY) ,UP 13 % (QOQ)
EBITDA UP 149 % AT 2753 CR (YOY),UP 18 %(QOQ)
MARGINS AT 52.3 % V 30.95 % (YOY), 49.9 % (QOQ)
- 10:05 | May 22, 2025
Mankind Pharma Q4 results live: Key highlights
Mankind Pharma’s Q4 profit fell 10.7% to ₹4.21B, beating estimates of ₹3.60B, driven by strong demand for chronic illness drugs (39.2% market share) and a 27% revenue rise to ₹30.79B, boosted by Bharat Serums acquisition.
Torrent Pharma missed profit estimates due to Brazil’s currency depreciation. Indian pharma market grew 7%, with chronic segment up 9%.
Posted on May 21, 2025, at 08:00 PM IST.
- 10:05 | May 22, 2025
IndiGo Q4 results live: Brokerage recommendations
MS on Indigo: Maintain Overweight on Company, raise target price at Rs 6502/Sh (Positive)
Citi on Indigo: Maintain Buy on Company, raise target price at Rs 6500/Sh versus Rs 6400/Sh (Positive)
Jefferies on Indigo: Maintain Buy on Company, raise target price at Rs 6300/Sh versus Rs 5700/Sh (Positive)
GS on Indigo: Maintain Buy on Company, raise target price at Rs 5700/Sh versus Rs 5050/Sh (Positive)
- 10:04 | May 22, 2025
ONGC Q4 results live: Brokerages on ONGC
CLSA on ONGC
- High Conviction O-P, TP Rs 360
- Standalone 4Q Ebitda of Rs196bn(CLe: Rs201bn) was a small 3% below est.
- Reported PAT of Rs64.5bn big 22% miss to forecast, largely due to a big drywell write-off recognised in 4Q
- Standalone oil/gas production rose 5%/4% YoY
Jefferies on ONGC
- Buy, TP Rs 375
- 4Q Standalone EBITDA at Rs 190bn (+9% y/y, flat q/q) was marginally below JEFe
- PAT 31% below JEFe on higher exploratory well writeoffs
- Consol Ebitda was 14% ahead of JEFe
- Daily crude & gas prodn has risen for 2nd successive qtr.
- 09:55 | May 22, 2025
IndusInd Q4 results live: Brokerage recommendations | Downgrades lined-up
IIFL Capital on IndusInd Bank
- Downgrade to REDUCE from ADD; TP Rs690 from Rs750
- Journey from discrepancies to frauds; 1% ROA to become a distant reality
- Following the derivatives accounting loss announcement 2-months ago, IIB has announced multiple other frauds, with total P&L hit of Rs47 bn (7% of 3Q networth) as per our calculations
- We forecast 12% loan growth in FY26, further NIM contraction due to the repo cuts, slower MFI growth, elevated cost of raising new funds and negative carry due to excess liquidity
- With weak fee income and avg. credit cost of 140bps, this should result in ROA of 68/83 bps and ROE of 6%/7.5% in FY26/FY27E respectively.
- We cut FY26-27 est. by 40% as we adjust for the inflated base profitability
- Rating downgrade due to path to 1% ROA now long drawn and business uncertainty
- The next event to monitor is the recommendation of new CEO by the Board to the RBI by 30th June
ICICI Sec on IndusInd Bank
- SELL; TP Rs650
- Reports loss with weak core NIM/PPOP; growth/RoA revival yet uncertain
- Core profitability, adjusted for one-offs, was weak too with NIM at 3.47% (down 46bps QoQ) while PPOP slipped 24% YoY to INR 30.62bn.
- CET 1 and LCR levels are comfortable at 15.1% and 118%, respectively.
- The board is yet to recommend a name for its MD&CEO position to the RBI. We continue to believe that IIB would prioritise balance sheet stability vs. growth while the path to RoA revival remains uncertain, even if it was to get a signature hire.
- We believe, the bank would prioritise balance sheet liquidity/granularity; thus, it would likely report single-digit loan growth for FY26–27E.
- We estimate FY26 PPOP of ~INR 130bn, higher than annualised BAU Q4FY25 figures.
- We estimate ~1.6% credit costs for FY26/FY27, partly from its MFI portfolio (0–90dpd still elevated) and in a bid to shore-up contingent provisions (now nil).
- We estimate IIB to report <1% RoA and single-digit RoE for FY26/FY27
Investec on IndusInd Bank
- SELL; TP Rs625 from Rs650
- Cut earnings est by 40%/37% for FY26/27
- Build in lower loan growth of 5%/10% for FY26/27
- ROE outlook remains soft at 6%-7%
- IIB reported a PBT loss of Rs 30bn in 4Q, while also reporting a loss at the PPOP level of Rs 4.9bn.
- Bank highlighted negative P&L impact of Rs 49bn, relating to fraud committed by employees, much higher than Rs 26.5bn previously disclosed (for over-reported derivatives income and MFI interest)
- NII was down 43% YoY, which after adjusting for one-time hits was down 13% YoY (adjusted NIM at 3.5% down 45bp QoQ).
- This along with softer fees meant normalized PPOP (~Rs 27bn) was down 35% YoY and PPOP-level RoA is now at a soft 1.9%
- Slippages at Rs 50bn (5.9% vs 2.7% in 3Q) were elevated led by high MFI delinquencies (Rs 35bn of which Rs 19bn was driven by recognition of ‘misclassified’ loans).
- Bank’s disclosures recognise fraud committed by ‘certain employees having a significant role in accounting and financial reporting of the Bank’.
- The P&L impact from these (recognised in 4Q) is shown in Fig 3. Bank highlighted that it is in the process of hiring a prospective CEO, for which it plans to submit names to RBI by 30 June 2025.
- We factor in softer PPOP
UBS on IndusInd
- Sell, TP Rs 600
- Q4 : Weak amidst uncertainty
- MFI loans had largest contribution to total -ve one-offs
- Board to recommend possible CEO names to RBI before 30th June
- Stk not inexpensive at current levels & uncertainty likely to result in derating
MS on Indusind
- Downgrade to Underweight with Equal-weight; Cut TP to Rs 700 from Rs 755
- Bear Case Playing Out
- Expected sharp NII miss post recent disclosures but were negatively surprised by incorrectly classified MFI slippages
- High margin loan mix is moving lower and will weigh on RoA recovery
- Expect gradual earnings recovery on a weak starting point
- Valuation at 0.9x FY26 book is not cheap in the context of 7-10% RoE that we expect over next two years
Macquarie on Indusind
- Maintain Outperform with TP of Rs 1210
- Q4: Large earnings miss, multiple events recognized
- Asset quality still a concern
- If one assumes that cleanup is largely done, which in itself is questionable, normalised PPOP was Rs 12000 cr annualised for Q4
- Stock currently at 5x trailing PPOP, which is lower than peers
- Further, on a trailing book, the stock trades at 0.9x FY25 P/B
- Clarity around management succession, peak credit costs, sustainable NIMs, and governance are key monitorables
CLSA on Indusind
- Maintain Hold; Cut TP to Rs 725 from Rs 780
- A quarter to forget
- Core profitability muted; several one-offs lead to Rs22bn loss
- Core slippages in MFI elevated, but other segments stable
- FY26 to be a year of uncertainty
- Jefferies on Indusind
- Maintain Buy; Cut TP to Rs 920 from Rs 1040
- Clean-up was larger than anticipated
- Exit run-rate of business is low; the new CEO is to lay a path forward
- Valuations are reasonable
HSBC on Indusind
- Downgrade to Reduce from Buy; Hike TP to Rs 660 from Rs 770
- IndusInd has effectively been pushed back to the pre-2009 era
- Right now, there is no clarity on the rebuilding process
- Cut FY26-27 EPS estimates by 41-43% as management has made one-off adjustments to correct accounting discrepancies
- 09:51 | May 22, 2025
Mankind Pharma Q4 results, share price live: Shares in red following Q4 results
Mankind Pharma stock traded 3.25% lower on the NSE at ₹2,449.10 as at 9.50 am, close to intraday low of ₹2,448.
Its consolidated net profit for the quarter ended March 2025 stood at ₹424.65 crore as against ₹476.59 crore in the corresponding quarter last year.
Board approved incorporation of Wholly Owned Subsidiary, directly or indirectly, in Sri Lanka.
- 09:38 | May 22, 2025
Colgate Q4 results, share price live: Shares fall post Q4
Colgate shares slumped 4.86% on the NSE to ₹2,530 as at 9.36 am, after hitting a low of ₹2,525.
Softening urban demand led to a 6.33 per cent drop in the net profit of fast-moving consumer goods (FMCG) maker Colgate Palmolive Ltd in Q4. Revenue from operations saw a decline of 1.89 per cent, with ₹1,452 crore reported in Q4.
Colgate Palmolive reported ₹355 crore net profit in Q4. The company’s net sales in FY25 stood at ₹5,999 crore as compared to ₹5,644 crore for the same period last year.
- 09:33 | May 22, 2025
IndusInd Q4 results, share price live: Shares gain after opening lower
IndusInd shares traded 1.10% positive on the NSE at ₹778.45 as at 9.31 am, after opening 3 per cent lower at ₹750 from previous close of ₹769.95.
The bank reported a net loss of ₹2,236 crore on a standalone basis in the reporting quarter against a net profit of ₹2,347 crore in the year-ago period.
The board of IndusInd Bank on Wednesday said it suspects occurrence of “fraud” against the lender with involvement of certain employees who had a significant role in the accounting and financial reporting of the bank.
- 09:29 | May 22, 2025
NTPC Green Energy Q4 results, share price live: Shares zoom post Q4 results
NTPC Green Energy shares jumped 7.39% on the NSE to ₹114 as at 9.28 am, after hitting a high of ₹117.64.
The company posted around three-fold rise in consolidated net profit at ₹233.21 crore in March 2025 quarter, driven by higher income.
- 09:28 | May 22, 2025
Va Tech Wabag Q4 results, share price live: Shares zoom post Q4 results
Va Tech Wabag shares rallied 7.25% on the NSE to ₹1,511.30 as at 9.27 am, after hitting a high of ₹1,531. The company reported a strong 20 per cent year-on-year growth in consolidated profit after tax (PAT) at ₹295 crore for the year 2024–25. On a standalone basis, PAT increased by 15 per cent to ₹2,71 crore (₹236 crore in FY24).
Published on May 22, 2025