One 97 Communications Limited (Paytm) reported its financial results for the quarter and nine months ended December 31, 2024.

Financial Highlights

The company’s operating revenue for the quarter was ₹1,828 crore, reflecting a 10% quarter-on-quarter (QoQ) increase. Contribution profit for the quarter stood at ₹959 crore, up 7% QoQ, with a healthy contribution margin of 52%. However, the company reported a net loss of ₹208 crore, which showed a significant improvement of ₹208 crore compared to the previous quarter. Paytm’s cash balance increased by ₹2,851 crore QoQ to ₹12,850 crore, primarily driven by the sale of PayPay stake and improvements in working capital management.

Business Updates

On the business front, Paytm’s payment services revenue reached ₹1,059 crore, growing 8% QoQ, primarily due to the increase in Gross Merchandise Value (GMV) and merchant subscriptions. Financial services revenue saw a sharp rise of 34% QoQ, reaching ₹502 crore. Paytm’s GMV for the quarter was ₹5.0 lakh crore, up 13% QoQ, indicating continued growth in its payment ecosystem. The net payment margin also grew by 5% QoQ, amounting to ₹489 crore.

As of December 2024, Paytm’s merchant subscriber base for devices reached 1.17 crore, with an addition of 5 lakh merchants during the quarter. This growth in merchant subscriptions was driven by higher revenue per merchant.

On January 20, 2025, Paytm share price opened at ₹901.00, up from its previous close of ₹900.15. At 11:48 AM, the share price of Paytm was trading at ₹907.95, up by 0.87% on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On January 20, 2025, as of 12:06 PM, the BSE Sensex was up by 0.72% at 77,172.42, while the Nifty50 was up by 0.6% at 23,341.45. Among sectors, the Nifty Private Bank and Nifty PSU Bank rose by over 2% each.

As of January 17, 2025, 12:15 PM, the mid-day top gainers and losers are:

Mid-Day Top Gainers 

• Kotak Mahindra Bank

Kotak Mahindra Bank share price rose by 8.94%. The share price opened at ₹1,890.00 and touched its day’s high at ₹1,929.90. The bank’s Q3 FY25 PAT grew 10% YoY to ₹4,701 crore. NII up 10% YoY at ₹7,196 crore. AUM increased 29% YoY to ₹686,197 crore.

• Wipro

Wipro share price surged 6.26% after opening at ₹302.00. The stock hit the day’s high of ₹305.40. The company reported its Q3 FY 2025 results. For the quarter ended December 31, 2024, gross revenue was ₹223.2 billion, up 0.1% QoQ and 0.5% YoY. IT services revenue stood at $2,629.1 million, down 1.2% QoQ and 1.0% YoY.

• Bajaj Finance

Bajaj Finance share price gained 3.66% after opening at ₹7,182.10. The stock touched the day’s high at ₹7,469.95. Bharti Airtel and Bajaj Finance have formed a strategic partnership to create one of India’s largest digital platforms for financial services. This collaboration aims to transform last-mile delivery.

• NTPC

NTPC share price rose 2.91% after opening at ₹326.20. The stock touched its day’s high at ₹336.30. The company informed the exchanges that NTPC Green Energy Limited announced the commercial operation of 25 MW capacity of the Gujarat Solar PV Project, bringing NTPC’s total installed capacity to 76,733.18 MW.

• Bajaj Finserv

Bajaj Finserv share price surged 2.34% after opening at ₹1,686.30. It hit a day’s high of ₹1,722.00.

Mid-Day Top Losers

• SBI Life Insurance Company 

SBI Life share price dropped 2.74%. The stock opened at ₹1,547.80 and touched its day’s low at ₹1,487.30. The company’s Profit After Tax (PAT) for the nine months ended December 31, 2024, stands at ₹16.0 billion, reflecting a 48% growth compared to the previous period.

• Shriram Finance

Shriram Finance share price slipped 2.36%. The share price opened at ₹511.00 and touched its day’s low at ₹493.35.

• Trent

Trent share price fell 1.68%. The share price opened at ₹6,210.00 and touched its day’s low at ₹6,085.50.

• HDFC Life Insurance Company

HDFC Life share price slipped 1.15%. The share price opened at ₹642.00 and touched its day’s low at ₹630.55.

• Dr. Reddy’s Laboratories

Dr. Reddy’s share price slipped 0.69%. The share price opened at ₹1,308.35 and touched its day’s low at ₹1,293.65.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Vodafone Idea Ltd has been in focus on Monday. On January 20, 2025, Vodafone Idea share price (NSE: IDEA) opened at ₹10.02, up from its previous close of ₹9.11. At 10:42 AM, the share price of Idea was trading at ₹10.25, up by 12.51% on the NSE.

This focus followed news reports that the government may announce a partial waiver of AGR dues, potentially reducing Vodafone Idea’s liabilities by ₹52,000 crore. The relief is expected to provide significant financial support to the company. Reports suggest that the announcement could be made during the Union Budget 2025, scheduled for February 1, 2025.

Q2 FY 2025 Financial Highlights

For the quarter, the company reported a revenue of ₹109.3 billion, reflecting a 4% QoQ increase. Customer revenue grew by 5.6% compared to the previous quarter, driven by recent tariff hikes implemented by private operators. EBITDA for the quarter stood at ₹45.5 billion on a reported basis. Excluding the impact of Ind AS 116, the cash EBITDA improved to ₹23.2 billion, the highest since the merger, marking a 10.5% QoQ growth.

Depreciation and amortisation expenses for the quarter were ₹54 billion, with net finance costs amounting to ₹63.1 billion. Excluding Ind AS 116, these figures were ₹39.4 billion for depreciation and amortisation, and ₹54.1 billion for finance costs.

The company’s capital expenditure (capex) for Q2FY25 was ₹13.6 billion, significantly higher than ₹7.6 billion in Q1FY25. The expected capex for the second half of FY25 is ₹80 billion. Additionally, the company’s debt from banks and financial institutions has decreased by ₹45.8 billion over the past year, standing at ₹32.5 billion at the end of Q2FY25, down from ₹78.3 billion in Q2FY24. The cash and bank balance as of September 30, 2024, was ₹136.2 billion.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Netweb Technologies India Limited (Netweb) has been in focus on Monday after the announcement of its Q3 FY25 financial results.

On January 20, 2025, Netweb share price opened at ₹2,325.00, down from its previous close of ₹2,338.35. At 10:32 AM, the share price of Netweb was trading at ₹2,166.35, down by 7.36% on the NSE.

Q3 FY 2025 Financial Highlights

Netweb’s total income for Q3 FY25 stood at ₹3,355 million, reflecting a 30.1% year-on-year (YoY) growth compared to Q3 FY24. The company reported an EBITDA of ₹455 million, representing a 17.4% YoY increase, with an EBITDA margin of 13.6%. Profit after tax (PAT) rose by 16.6% YoY to ₹303 million, with a PAT margin of 9.0%. Additionally, Netweb maintained a strong financial position, with net debt at ₹(737.2) million as of December 2024, underscoring its robust cash reserves.

In terms of business highlights, the company’s order book stood at ₹3,603 million as of December 2024, reflecting strong demand. Notably, income from AI Systems surged by 136.3% YoY during the nine months ending December 2024. The contribution of AI Systems to Netweb’s operating revenue increased to 14.7%.

Commenting on the results, the Chairman and Managing Director of Netweb Technologies, Mr Sanjay Lodha, said, “We are delighted to report that we recorded our highest-ever quarterly Income and PAT. In line with our growth strategy, export revenue contribution stood at 9.0% in Q3 FY25, reflecting our efforts to expand the international market presence and capitalize on global opportunities. India’s flourishing AI research ecosystem, supported by government initiatives and industry partnerships, presents immense innovation potential. Netweb is well-positioned to seize these opportunities, guided by our strategic focus on three pillars: HPC, Private Cloud, and AI. AI has emerged as a key revenue driver, contributing 14.7% in 9M FY25, with YoY growth of 136.3%.”

He further added, “It gives me immense pride to share that in the NVIDIA AI Summit India 2024, Jensen Huang, CEO of NVIDIA, personally endorsed our latest AI GPU systems based on ARM architecture. This endorsement not only strengthens Netweb’s leadership in the design and solutioning of AI Systems in India but also positions India to emerge as the AI factory of the world, with indigenous design and manufacturing capabilities. Our strong business pipeline and order book, coupled with ongoing capability enhancements and product expansion, position us for sustained growth while maintaining our technological leadership.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Havells India Ltd has been in focus on Monday. On January 20, 2025, Havells share price opened at ₹1,600.00, up from its previous close of ₹1,574.20. At 11:12 AM, the share price of Havells India was trading at ₹1,592.70, up by 1.18% on the NSE. As of the same time, the stock touched its day’s high at ₹1,624.95.

Q3 FY 2025 Financial Highlights

In Q3 FY25, the company reported a net revenue of ₹4,883 crores, marking an 11.0% year-on-year (YoY) growth compared to ₹4,401 crores in Q3 FY24.

EBITDA for the quarter stood at ₹432 crores, slightly down by 0.2% compared to ₹433 crores in the same quarter last year. However, the company’s EBITDA showed an improvement of ₹52 crores when compared to the ₹380 crores recorded in Q2 FY25.

Net profit for Q3 FY25 was ₹283 crores, down by 1.7% YoY from ₹288 crores in Q3 FY24. However, the company’s net profit grew by ₹10 crores from ₹273 crores in the previous quarter (Q2 FY25).

Interim Dividend Record Date

The Board of Directors has declared an interim dividend of ₹4.00 per equity share of Rs. 1 each, representing a 400% dividend on the company’s equity share capital. This dividend will be payable to all shareholders whose names appear in the Register of Members as of the record date, January 22, 2025. A separate notification regarding this has already been sent to the exchanges on January 10, 2025. The dividend will be paid or dispatched to shareholders within 30 days from the declaration date, i.e., by February 14, 2025.

About Havells India Limited

Havells India Limited is a popular company in the Fast Moving Electrical Goods (FMEG) sector and a key manufacturer of power distribution equipment, with a significant global presence. The company holds a strong market position across a diverse range of products, including industrial and domestic circuit protection devices, cables and wires, motors, fans and more.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Laxmi Dental IPO opened for subscription on January 13, 2025, and closed on January 15, 2025.

It was a book-built issue of ₹698.06 crore. The issue was a combination of a fresh issue of 0.32 crore shares aggregating to ₹138.00 crores and an offer for sale of 1.31 crore shares aggregating to ₹560.06 crores. The Laxmi Dental IPO price band was set at ₹407 to ₹428 per share.

On Day 3 of subscription, January 15, as of 6:19 PM, Laxmi Dental IPO was subscribed 114.14 times. QIBs subscribed 110.38x, NIIs subscribed 147.69x, and retail investors subscribed 75.1x.

The share allotment was finalised on January 16, 2025, and the shares were listed on BSE and NSE on January 20, 2025.

Laxmi Dental Share Price

On the listing day, on the NSE, Laxmi Dental share price opened at ₹542.00, up from its issue price of ₹428.00. At 10:16 AM, the share price was trading at ₹539.70, down by 0.42% from its opening price of ₹542.00. As of the same time, the stock touched its day’s high at ₹553.90. The company’s market cap was ₹2,966.31 crore.

On the BSE, at 10:18 AM, Laxmi Dental share price was trading at ₹543.20, up by 2.88% from its opening price of ₹528.00 and 26.92% up from its issue price of ₹428.00.

About Laxmi Dental Limited

Laxmi Dental is a fully integrated dental products provider, offering a diverse range of solutions. Its portfolio includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related accessories as part of its aligner solutions, along with pediatric dental products. The company has over 20 years of industry experience.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

ICICI Lombard General Insurance Company Limited has reported its financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 20, 2025, ICICI Lombard General Insurance share price (NSE: ICICIGI) opened at ₹1,980.00, up from its previous close of ₹1,948.75. At 10:11 AM, the share price of ICICI Lombard General Insurance was trading at ₹1,923.00, down by 1.32% on the NSE.

Performance for 9M FY2025

The company achieved a Gross Direct Premium Income (GDPI) of ₹206.23 billion in 9M FY2025, registering a growth of 10.3% compared to ₹187.03 billion in 9M FY2024. This growth exceeded the industry’s GDPI growth rate of 7.8%. Excluding the impact of 1/n, the company’s GDPI grew by 11.9% during the nine-month period.

Profit before tax (PBT) witnessed a significant increase of 42.8%, reaching ₹26.53 billion in 9M FY2025 compared to ₹18.57 billion in 9M FY2024. Profit after tax (PAT) also surged by 42.9% to ₹19.99 billion from ₹13.99 billion in the corresponding period of the previous year.

Return on Average Equity (ROAE) for 9M FY2025 stood at 20.8%, marking an improvement from 17.1% in 9M FY2024.

Performance for Q3 FY2025

In Q3 FY2025, the company recorded a GDPI of ₹62.14 billion, reflecting a marginal de-growth of 0.3% compared to ₹62.30 billion in Q3 FY2024. This was in contrast to the industry GDPI growth rate of 9.5%. However, excluding the impact of 1/n, the company’s GDPI grew by 4.8% in the quarter.

PBT for the quarter grew by an impressive 67.3%, reaching ₹9.60 billion, up from ₹5.74 billion in Q3 FY2024. PAT also rose sharply by 67.9%, amounting to ₹7.24 billion in Q3 FY2025 compared to ₹4.31 billion in the prior year.

ROAE for the quarter increased to 21.5%, significantly higher than 15.3% in Q3 FY2024.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tech Mahindra Limited announced its audited consolidated financial results for the quarter ended December 31, 2024.

On January 20, 2025, Tech Mahindra share price (NSE: TECHM) opened at ₹1,663.00, up from its previous close of ₹1,660.30. At 9:58 AM, the share price of Tech Mahindra was trading at ₹1,654.75, down by 0.33% on the NSE.

Q3 FY2025 Financial Results (USD)

The company reported revenue of USD 1,567 million for the quarter ended December 31, 2024, marking a decline of 1.3% quarter-on-quarter (QoQ) and 0.4% year-on-year (YoY). However, in constant currency terms, revenue grew by 1.2% QoQ and 1.3% YoY, reflecting stability in the company’s core business.

EBITDA stood at USD 213 million, showcasing a 2.0% QoQ and an impressive 54.7% YoY growth. The EBITDA margin rose to 13.6%, up 40 basis points (bps) QoQ and 480 bps YoY. Profit after tax (PAT) was USD 116 million, with operational PAT increasing by 9.9% QoQ and 88.5% YoY. The PAT margin also improved to 7.4%, with operational PAT margins rising by 80 bps QoQ and 350 bps YoY.

The company’s free cash flow during the quarter stood at USD 199 million. It also secured new deal wins with a total contract value (TCV) of USD 745 million.

Q3 FY2025 Financial Results (INR)

In Indian rupee terms, Tech Mahindra’s revenue for the quarter was ₹13,286 crores, reflecting a slight decline of 0.2% QoQ but an increase of 1.4% YoY.

EBITDA for the quarter stood at ₹1,809 crores, growing by 3.4% QoQ and an impressive 57.8% YoY. Profit after tax (PAT) was ₹983 crores, with operational PAT increasing by 11.5% QoQ and 92.6% YoY

The Chief Executive Officer and Managing Director of Tech Mahindra, Mohit Joshi, said, “We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Kotak Mahindra Bank Limited has released its unaudited standalone and consolidated financial results for the quarter ended December 31, 2024.

Post the announcement, on January 20, 2025, Kotak Mahindra Bank share price (NSE: KOTAKBANK) opened at ₹1,890.00, up from its previous close of ₹1,758.60. At 9:47 AM, the share price of Kotak Mahindra Bank was trading at ₹1,925.55, up by 9.49% on the NSE.

Consolidated Results Q3 FY2025

For the consolidated results, the bank’s Profit After Tax (PAT) for Q3 FY25 increased by 10% year-on-year (YoY), rising to ₹4,701 crore, compared to ₹4,265 crore in Q3 FY24. For the nine months ended December 31, 2024 (9M FY25), consolidated PAT before the Kotak Global Investments (KGI) divestment grew by 10% YoY, reaching ₹14,180 crore, up from ₹12,876 crore in 9M FY24.

The Return on Assets (ROA) for Q3 FY25 (annualised) was 2.30%, slightly lower than the 2.46% in Q3 FY24, while Return on Equity (ROE) stood at 12.43% for Q3 FY25 (annualised), down from 13.83% in the same quarter last year.

The bank’s consolidated Capital Adequacy Ratio (CAR) under Basel III stood at a strong 23.4%, with the CET I ratio at 22.5%. The bank’s consolidated net worth at December 31, 2024, amounted to ₹152,878 crore, bolstered by reserves due to regulatory changes and the gain on the KGI divestment.

In terms of assets, the total Assets Under Management (AUM) increased by 29% YoY, reaching ₹686,197 crore as of December 31, 2024, compared to ₹533,365 crore as of the previous year. The Domestic Mutual Fund (MF) Equity AUM saw significant growth, up 39% YoY, reaching ₹319,161 crore.

Standalone Results Q3 FY2025

On the standalone front, Kotak Mahindra Bank posted a PAT of ₹3,305 crore for Q3 FY25, reflecting a 10% YoY growth compared to ₹3,005 crore in Q3 FY24.

For 9M FY25, the bank’s standalone PAT grew by 5% YoY, amounting to ₹10,168 crore, up from ₹9,648 crore in 9M FY24.

Net Interest Income (NII) for Q3 FY25 was ₹7,196 crore, up 10% YoY. The Net Interest Margin (NIM) stood strong at 4.93%, maintaining healthy margins. Operating profit for Q3 FY25 increased by 13% YoY to ₹5,181 crore, showcasing consistent operational performance.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On January 17, 2025, the BSE Sensex fell by 423.49 points (0.55%) to close at 76,619.33. Similarly, the Nifty50 also closed in the red, dropping 108.60 points (0.47%) to finish at 23,203.20.

Top Gainers of the Day

• Bharat Petroleum Corporation Limited (BPCL)

BPCL share price surged 2.68% closing at ₹274.05. The stock hit the day’s high of ₹275.20. The company announced that the Board of Directors’ meeting is scheduled for Wednesday, January 22, 2025, and will discuss the proposal to declare an interim dividend for the financial year 2024-25 and set the record date for it.

• Reliance Industries

Reliance share price gained 2.65% closing at ₹1,300.00. The stock touched the day’s high at ₹1,326.00. The company reported its Q3 FY 2025 results. It reported revenue from operations of ₹2,43,865 crore, marking an increase from ₹2,27,970 crore in Q3 FY24. Profit After Tax (PAT) for the quarter stood at ₹21,804 crore, reflecting a rise from ₹19,488 crore in the same period last year.

• Coal India

Coal India share price rose 2.52% closing at ₹388.40. The stock touched its day’s high at ₹389.30. The company acquired Gadag II and Koppal II Transmission Limited on January 16, 2025. The project involves strengthening the system for RE integration on a BOOT basis.

• Hindalco Industries

Hindalco share price rose by 2.22%. The stock opened at ₹603.85 and hit a day’s high of ₹619.00.

• Nestle India

Nestle India share price surged 2.20% closing at ₹2,216.95. It hit a day’s high of ₹2,226.35.

Top Losers of the Day

• Infosys

Infosys share price dropped 5.75%. The stock closed at ₹1,817.50 and touched its day’s low at ₹1,812.00. The company reported Q3 FY 2025 results. The revenue growth for Q3 FY25 was 0.9% QoQ, with a constant currency (CC) growth of 1.7%. The YoY growth was 5.9%, while the CC YoY growth stood at 6.1%.

• Axis Bank 

Axis Bank share price fell 4.43%. The share price closed at ₹992.00 and touched its day’s low at ₹974.60. The company reported Q3FY25 results with a 15% rise in operating profit, 9% growth in NII, and a 4% increase in net profit. 9M FY25 net profit grew 9%.

• Shriram Finance

Shriram Finance share price slipped 3.71% closing at ₹526.50. It touched its day’s low at ₹523.85.

• Kotak Mahindra Bank

Kotak Mahindra Bank share price dropped 2.58%, closing at ₹1,759.05. The share price opened at ₹1,797.00 and touched its day’s low at ₹1,748.30.

• Wipro

Wipro share price slipped 2.20%. The share price opened at ₹287.80 and touched its day’s low at ₹280.50.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.