Vodafone Idea Limited announced its financial results for the third quarter and nine months ended December 31, 2024.

On February 12, 2025, Vodafone Idea share price opened at ₹8.80, almost the same as its previous close of ₹8.82. At 9:48 AM, the share price of Vodafone Idea was trading at ₹8.30, down by 5.90% on the NSE.

Q3 FY 2025 Financial Highlights

For Q3 FY25, Vodafone Idea’s revenue stood at ₹111.2 billion, marking a 1.7% quarter-on-quarter (QoQ) growth. The rise in customer revenue by 1.6% was driven by recent tariff hikes implemented by all private telecom operators.

EBITDA for the quarter stood at ₹47.1 billion, while cash EBITDA (pre-Ind AS 116) increased by 5.4% QoQ to ₹24.5 billion. The company stated it as the highest quarterly cash EBITDA in six years since the merger.

The company’s ARPU improved to ₹173 from ₹166 in Q2 FY25, reflecting a 4.7% QoQ increase. Vodafone Idea’s total subscriber base stood at 199.8 million, with 126 million 4G users.

The company’s bank debt lowered by ₹52.9 billion over the last year to ₹23.3 billion as of December 31, 2024. Meanwhile, net loss narrowed from ₹71,759 million in Q2 FY25 to ₹66,093 million in Q3 FY25.

Other Highlights

Vodafone Idea continued its network expansion efforts, investing ₹32.1 billion in Q3 FY25. The total capital expenditure for the first nine months of the fiscal year reached ₹53.3 billion, and the company expects to invest approximately ₹100 billion in FY25.

In December 2024, the Department of Telecommunications (DoT) extended its support to the telecom industry through a bank guarantee (BG) waiver. Previously, telecom operators were required to submit BGs worth ₹247.5 billion for spectrum auctions conducted before the Telecom Reform Package 2021.

With this reform, Vodafone Idea is now exempt from providing BGs for past auctions, except for a one-time requirement for the 2015 auction. This initiative highlights the government’s ongoing support for the telecom sector, ensuring that financial resources are redirected towards expanding 4G and 5G networks across India.

Commenting on the performance, the CEO of Vodafone Idea Limited, Akshaya Moondra, said, “We are driving investments and the velocity of capex deployment is set to accelerate in the coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting key geographies. We are pleased to report the highest quarterly cash EBITDA since the merger of Rs. 24.5 billion, registering a YoY growth of ~15%. With our intensifying investments, we anticipate further improvement in both operational and financial performance. With the recent equity infusion of Rs. 19.1 billion from one of our promoters, we have now secured approximately Rs.260 billion in fresh equity capital over the past 10 months.”

He further added, “In parallel, we continue to engage with lenders for debt financing, aligning with our planned network expansion investment of Rs. 500–550 billion over a three-year period. The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector—a critical pillar of Digital India’s future.”

 

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.

Indian Railway Catering & Tourism Corporation Limited (IRCTC) posted its unaudited financial results (standalone and consolidated) for the quarter and nine months ended on December 31, 2024.

On February 12, 2025, IRCTC share price opened at ₹755.00, up from its previous close of ₹750.95. At 9:44 AM, the share price of IRCTC was trading at ₹730.90, down by 2.67% on the NSE.

IRCTC Q3 FY 2025 Financial Highlights

For the quarter ended December 31, 2024, the total income stood at ₹1,28,120.20 lakh, compared to ₹1,12,396.23 lakh in the previous quarter. The total income increased from ₹1,16,104.48 lakh in the corresponding quarter of the previous year. For the nine months ended December 31, 2024, the total income amounted to ₹3,57,417.12 lakh, up from ₹3,24,033.93 lakh recorded in the same period last year.

The profit after tax (PAT) from continuing operations for Q3 FY25 was ₹34,108.94 lakh, reflecting an increase from ₹29,999.79 lakh in Q3 FY24. On a quarter-on-quarter basis, PAT improved from ₹30,786.53 lakh in Q2 FY25. For the nine months ended December 31, 2024, PAT reached ₹95,667.33 lakh, significantly higher than ₹82,689.25 lakh reported in the corresponding period of the previous financial year.

IRCTC Interim Dividend Record Date

The company has declared the second interim dividend for the financial year 2024-25 at a rate of ₹3 per equity share with a face value of ₹20, representing 150%. Thursday, February 20, 2025, has been set as the record date for determining shareholders eligible to receive this interim dividend.

About IRCTC 

IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) company. It is the only company authorised by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India.

 

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.

Lupin Limited announced its financial performance for the third quarter of the fiscal year 2025, ending December 31, 2024.

On February 12, 2025, Lupin share price opened at ₹2,079.00, up from its previous close of ₹2,067.60. At 9:38 AM, the share price of Lupin was trading at ₹2,005.85, down by 2.99% on the NSE.

Lupin’s Q3 FY 2025 Financial Highlights

For Q3 FY25, Lupin’s gross profit stood at ₹38,970 million, reflecting an increase from ₹33,538 million in Q3 FY24. The gross margin for the quarter was 69.4%. The company’s employee benefits expenses rose to ₹9,844 million, accounting for 17.5% of total sales, compared to ₹8,892 million in the same quarter last year. Manufacturing and other expenses reached ₹16,959 million, constituting 30.2% of sales, up from ₹15,601 million in Q3 FY24.

The profit before tax (PBT) for Q3 FY25 was reported at ₹10,713 million, marking a substantial year-on-year (YoY) increase of 45.5% from ₹7,361 million in Q3 FY24.

Meanwhile, the profit after tax (PAT) stood at ₹8,589 million, up 38.8% YoY from ₹6,187 million in the previous year’s quarter. However, on a quarter-on-quarter (QoQ) basis, PAT remained nearly stable compared to ₹8,595 million in Q2 FY25.

Lupin’s North America sales for the quarter reached ₹21,213 million, marking a 12.3% YoY growth from ₹18,885 million in Q3 FY24. The region accounted for 38% of the company’s global revenue. Similarly, India formulation sales increased by 12% YoY to ₹19,305 million, up from ₹17,251 million in Q3 FY24, contributing 34% to Lupin’s global sales.

As of December 31, 2024, Lupin’s operating working capital stood at ₹70,700 million, while capital expenditure for the quarter was ₹1,241 million. The company’s net debt stood at ₹1,027 million.

Research and Development

Investment in research and development (R&D) for Q3 FY25 was ₹4,344 million, representing 7.7% of total sales, up from ₹3,567 million (7.0% of sales) in the previous year.

Lupin secured six new Abbreviated New Drug Application (ANDA) approvals from the U.S. FDA, bringing its total ANDA filings to 430, with 334 approvals to date. The company also has 49 First-to-File (FTF) applications, including 17 exclusive FTF opportunities.

 

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 Wednesday, February 12, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open higher amid cautiousness tracking mixed global market performance. Check out a few stocks that might be in focus during the trading session.

• SAIL

Steel Authority of India reported a 66% decline in consolidated net profit to ₹141.89 crore for the December quarter, compared to ₹422.92 crore in the same period last year.

• Indian Railway Catering and Tourism Corporation (IRCTC)

IRCTC reported a 14% increase in consolidated net profit at ₹341 crore for Q3, up from ₹200 crore a year ago.

• NBCC

NBCC successfully sold 1,233 housing units worth ₹3,217 crore through an e-auction in a newly launched project in Greater Noida.

• EIH Ltd

The Oberoi Group’s parent company, EIH Ltd, has decided not to proceed with its proposed investment in a mixed-use project in Pune. Last year, the company announced a ₹254 crore investment to acquire a 51% stake in Muttha Towers II Private Limited.

• Vodafone Idea (Vi)

Vi posted a net loss of ₹6,609.3 crore in Q3, marking a 5.3% improvement from the ₹6,985.9 crore loss recorded in Q3 FY24.

• TVS Motor

TVS Motor signed a memorandum of understanding (MoU) with the Karnataka government at the Global Investors Meet (GIM), Invest Karnataka 2025. The company plans to establish a global capability center in Karnataka, expand production and engineering facilities in Mysuru, build a test track, and set up new office infrastructure in the state.

 

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.

Sun TV Network Limited’s Board of Directors has declared and approved an interim dividend of ₹2.50 per equity share of ₹5 each. 

On February 11, 2025, Sun TV Network share price (NSE: SUNTV) opened at ₹602.60 and closed at ₹613.00, up by 1.22%. The stock price touched its day’s high at ₹617.25. 

Sun TV Network Dividend Record Date

The company has declared an Interim Dividend of ₹2.50 per equity share of ₹5.00 (50%) for FY 2024-25. The record date for the dividend is Thursday, February 13, 2025. The company stated that the payment would be made within 30 days from the declaration date, in compliance with the Companies Act 2013. Shareholders eligible as of the record date will receive the dividend accordingly.

Q3 FY 2025 Financial Highlights

For the quarter ended 31st December 2024, the company reported revenues of ₹793.58 crore, compared to ₹885.48 crore in the same quarter of the previous year. Total income for the current quarter stood at ₹927.66 crore, down from ₹1,014.81 crore in Q3 FY24. Profit after tax for the quarter was ₹347.17 crore, compared to ₹437.34 crore in the corresponding period last year.

About Sun TV Network Ltd

Sun TV Network was founded in 1985 as Sumangali Publications Private Limited and later rebranded as Sun TV Network Limited. The company’s flagship channel, Sun TV, was launched in 1993. Primarily engaged in television broadcasting, STNL also produces and distributes films under the Sun Pictures banner.

 

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 February 11, 2025, BSE Sensex closed at 76,293.60 down by 1.32%, while Nifty50 dropped by 1.32% to 23,071.80. Stocks like Zaggle Prepaid Ocean Services and Wockhardt hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on February 11, 2025

Stocks That Hit Upper Circuit on February 11, 2025

Overview of Companies Hit Circuits Today

• Sikko Industries

Sikko Industries saw a significant rise in its stock price, rising by 6.45% to close at ₹105.50. The stock opened at ₹115.00 and reached a high of ₹118.93.

• Tembo Global Industries

Tembo Global Industries experienced a notable growth in its stock price, rising by 5% to close at ₹649.30. The stock opened at ₹649.30 and touched a high of ₹649.30.

• Sterling and Wilson Renewable Energy

Sterling and Wilson Renewable Energy saw its stock price drop by 6% to close at ₹294.75. The stock opened at ₹310.05 and dropped to ₹282.20 as the low of the day.

• Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services saw a decrease in its stock price, dropping by 10% to close at ₹381.65. The stock opened at ₹398.00 and dropped to a low of ₹381.65.

• Wockhardt

Wockhardt experienced a drop in its stock price, dropping by 5% to close at ₹1,443.45. The stock opened at ₹1,519.50 and reached a low of ₹1,443.45.

 

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.

Coal and lignite PSUs, including Coal India Limited (CIL), NLC India Limited (NLCIL), and Singareni Collieries Company Limited (SCCL), are leading initiatives to repurpose mine water for societal benefits.

CIL supplies treated mine water to 878 villages, aiding 11.74 lakh residents. In FY 2024-25, it utilized 1,111.32 Lakh Cubic Meters (LCM) for irrigating 7,271 acres of land. Additionally, CIL subsidiaries develop water bodies for fish farming and collaborate with the Jharkhand State Government under a Memorandum of Understanding (MoU) to facilitate community mine water use. Another MoU with Maharashtra’s Western Coalfields Limited ensures surplus mine water serves industrial requirements.

NLCIL, leveraging water from its Neyveli lignite mines, utilised 601.20 LCM for power generation in FY 2024-25. The company also supplied 140 LCM as drinking water to 9.55 lakh residents and 381 LCM for irrigating 25,000 acres of land. Collaborations with Tamil Nadu’s Chennai Metro Water Supply & Sewerage Board and Tamil Nadu Water Supply and Drainage Board enable effective distribution of treated mine water for drinking purposes.

SCCL’s Efforts in Telangana

SCCL focuses on sustainable mine water utilisation in Telangana, with 357 LCM allocated for industrial purposes in FY 2024-25. Domestic water supply amounted to 20.85 LCM, benefiting nearby villages, while 662.50 LCM supported irrigation activities. SCCL stores surplus mine water in agricultural tanks for additional irrigation needs, while water from abandoned mines is repurposed for domestic and agricultural use in surrounding communities.

Through these initiatives, coal and lignite PSUs are enhancing water resource management, contributing to agricultural productivity, and supporting local communities with drinking and irrigation solutions. These sustainable practices underscore their commitment to environmental stewardship and community development.

 

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.

Novelis Inc., a subsidiary of Hindalco Industries Limited, reported its financial results for Q3 FY25, ending December 31, 2024.

Post the announcement, on February 11, 2025, Hindalco share price (NSE: HINDALCO) opened at ₹594.05, down from its previous close of ₹596.00. At 11:08 AM, the share price of Hindalco was trading at ₹601.20, up by 0.87% on the NSE.

Novelis Q3 FY 2025 Financial Highlights

Net income attributable to its common shareholder stood at $110 million, marking a 9% YoY decline. Excluding special items, net income was $119 million, a sharp 32% YoY decrease. Adjusted EBITDA also saw a significant dip of 19% YoY, amounting to $367 million. The Adjusted EBITDA per tonne shipped fell by the same margin, standing at $406. These declines were driven primarily by elevated aluminium scrap prices and an unfavourable product mix.

Net sales rose by 4% YoY to $4.1 billion, supported by higher average aluminium prices. However, rolled product shipments were largely flat, down by just 1% YoY at 904 kilotonnes. Strong demand for beverage packaging sheets offset reduced shipments in the automotive and speciality segments.

Cash Flow and Strategic Investments

Operating cash flow for the first nine months of FY25 totalled $263 million, a considerable drop from $420 million in the prior-year period, mainly due to lower net income and unfavourable changes in working capital.

The company reported an adjusted free cash outflow of $915 million during this period, higher than the $517 million outflow in the previous year. The increase was attributed to elevated capital expenditures and reduced cash flow from operations.

Capital expenditures surged by 22% YoY to $1.2 billion in the nine-month period, with investments focused on expanding rolling and recycling capacity. Key projects include the Bay Minette facility in the U.S., which forms part of Novelis’ strategic growth initiatives.

As of December 31, 2024, Novelis maintained a strong liquidity position of $1.6 billion, comprising $791 million in cash and equivalents and $790 million in availability under committed credit facilities. In January 2025, Novelis issued $750 million in senior unsecured notes due 2030, with the proceeds directed toward repaying borrowings under its ABL revolver.

The company’s net leverage ratio stood at 2.9x, reflecting the ongoing investments and operational challenges.

President and CEO of Novelis Inc., Steve Fisher, said, “With a leading industry average of 63% recycled content in our products in our last fiscal year, Novelis has been a pioneer in using recycled inputs to drive down carbon emissions. As others have begun to follow suit, competition for scrap aluminium has intensified and is creating significant pressure on scrap pricing, which is impacting our financial results.”

He further stated, “We believe we are well-positioned to face these challenges and have operational and cost-efficiency initiatives underway to offset some of the pressures. At the same time, we are also developing new technologies that will allow us to expand the types of scrap inputs we can purchase for use in our system.”

 

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.

National Aluminium Company Limited (NALCO) has reported its financial performance for the third quarter (Q3) of FY25, achieving a threefold increase in net profit.

Post the announcement, on February 11, 2025, NALCO share price (NSE: NATIONALUM) opened at ₹195.44, up from its previous close of ₹191.05. At 10:48 AM, the share price of NALCO was trading at ₹190.33, down by 0.38% on the NSE.

Q3 FY 2025 Financial Highlights

The company’s net profit stood at ₹1,583 crore compared to ₹488 crore in the corresponding quarter of FY24. NALCO’s total income for Q3 FY25 rose to ₹4,761 crore, a jump from ₹3,398 crore in Q3 FY24. The company stated that this marks a milestone for them, with its highest-ever revenue from operations and Profit After Tax (PAT) recorded during this period.

For the nine months ended December 2024, the company achieved a net profit of ₹3,246 crore and revenue from operations amounting to ₹11,520 crore, showcasing a 211% YoY growth in net profit and 20% YoY growth in revenue.

Chairman-cum-Managing Director Shri Brijendra Pratap Singh attributed this remarkable growth to enhanced process efficiency, cost reduction, and product quality improvements. Key contributors to the stellar performance include better sales realization in Alumina and Metal, increased sales volume of Alumina, use of captive coal, and reduced raw material costs.

Looking forward, NALCO aims to accelerate its expansion projects, including the 5th Stream Refinery expansion, operationalization of Pottangi Mines, Smelter plant brownfield expansion, and CPP (Captive Power Plant) expansion. These initiatives are expected to bolster the company’s growth trajectory in the coming years.

NALCO Interim Dividend Record Date

In recognition of its performance, NALCO’s Board of Directors has approved a second interim dividend of ₹4 per share (80% of the face value of ₹5 each) for FY25. The record date for determining eligible shareholders is set for February 14, 2025, with dividend payments to be made on or before March 10, 2025.

 

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.

ESAF Small Finance Bank Limited has announced its financial results for the third quarter and nine months of FY 2025.

Q3 FY 2025 Financial Performance

The bank reported a Net Interest Income (NII) of ₹487 crore, with a Net Interest Margin (NIM) of 8.64%. Despite these positive metrics, the bank recorded a loss of ₹211 crore in Q3 FY25 due to higher provisioning for stressed assets.

However, the bank reported a loss of ₹211 crore in Q3 FY25 compared to a loss of ₹190 crore in the previous quarter.

Other Key Highlights

Secured loan disbursements surged by 172% YoY, reaching ₹4,226 crore in the nine months of FY25, compared to ₹1,554 crore in the same period last year. This has boosted the secured asset portfolio, which now accounts for 43.35% of the loan book, up from 27.91% in NM FY24. Gold loans also demonstrated growth, increasing by 82% YoY to ₹4,576 crore in the nine months of FY25.

CASA deposits rose by 57% YoY to ₹5,592 crore in Q3 FY25, up from ₹3,562 crore in Q3 FY24, improving the CASA ratio to 24.95% from 18.89%. ESAF added 8.18 lakh new customers during the nine months of FY25, bringing its total customer base to 91.9 lakh.

To strengthen its balance sheet, ESAF allocated ₹410 crore towards provisions for stressed assets, increasing the PCR to 78.58% in December 2024, up from 73.70% in September 2024. The Gross NPA ratio stood at 6.96%, while the Net NPA ratio slightly improved to 2.97% from 2.98% in the previous quarter.

The total business of the bank expanded by 12.3% YoY to ₹41,576 crore. Gross advances increased by 6.6% YoY to ₹18,291 crore, while the total loan book grew by 5.6% YoY to ₹19,161 crore. Deposits saw a notable 18.9% YoY increase, reaching ₹22,415 crore in Q3 FY25 compared to ₹18,860 crore in Q3 FY24.

The bank maintained a Capital to Risk-Weighted Assets Ratio (CRAR) of 22.70%, including Tier I capital at 18.68%.

Commenting about the results, the MD and CEO of ESAF Small Finance Bank, K. Paul Thomas, said, “We have registered strong growth in total business and witnessed a significant rise in CASA deposits. 92% of our deposits are retail, reflecting our financial stability. We remain

confident in improving asset quality over the next one to two quarters, driven by our commitment to responsible lending and diversification to mitigate concentration risks. Additionally, our focus on technological advancements will enhance operational efficiency and elevate customer experience.”

On February 11, 2025, ESAF Small Finance Bank share price (NSE: ESAFSFB) opened at ₹33.56, touching the day’s low at ₹32.82, as of 10:23 AM 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.