Dixon Technologies (India) Ltd reported its unaudited financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 21, 2025, Dixon share price opened at ₹17,248.25, down from its previous close of ₹17,559.45. At 9:40 AM, the share price of Dixon Technologies was trading at ₹15,996.00, down by 8.90% on the NSE.

Q3 FY 2025 Financial Highlights

For the quarter ended December 31, 2024, the company reported a significant rise in its financial performance. Revenue from operations surged by 117%, reaching ₹10,461 crore, while EBITDA increased by 113% to ₹398 crore. Profit Before Tax (PBT) rose by 127% to ₹286 crore, and Profit After Tax (PAT) grew by 124% to ₹217 crore.

Nine Months Ended December 31, 2024 Financial Highlights

For the nine months ended December 31, 2024, the company continued its performance with a 119% increase in revenue to ₹28,577 crore, a 106% rise in EBITDA to ₹1,074 crore, a 173% increase in PBT to ₹995 crore, and a 177% jump in PAT to ₹769 crore compared to the corresponding period of the previous year.

MOU with KHY Electronic India Private Limited

Recently, iSmartU India Private Limited (IIPL), a subsidiary of Dixon Technologies (India) Limited, has entered into a Binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited (KHY) on January 18, 2025. Under this MOU, IIPL will acquire land, buildings, machinery, and other tangible assets from KHY for a total amount of up to ₹133 crore, excluding applicable taxes. The transaction is subject to necessary due diligence, satisfactory completion of conditions precedent as outlined in the MOU, and the signing of definitive agreements.

About Dixon Technologies (India) Limited

Dixon Technologies (India) Limited, established in 1993, is a leading Electronic Manufacturing Services (EMS) company operating across various electronic product segments, including consumer electronics, lighting, home appliances, CCTV cameras, and mobile phones. The company also specialises in reverse logistics and manufactures security surveillance equipment, wearables, audibles, and AC-PCBs. Recently, Dixon entered into a joint venture with Imagine Marketing Private Limited to design and manufacture wireless audio solutions 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.

On Tuesday, January 21, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open higher, following the positive trend in the global markets after Donald Trump was sworn-in as US President. Check out a few stocks that might be in focus during the trading session.

• TCS

TCS informed the exchanges that it inaugurated a new delivery centre in France aimed at driving AI-powered transformation in the aerospace and defence sectors.

• Dixon Technologies

In Q3 FY25, Dixon Technologies reported a consolidated net profit of ₹216.2 crore, a significant 122.8% jump from ₹97.1 crore YoY. Revenue surged by 117% to ₹10,453.7 crore from ₹4,818.3 crore, while EBITDA rose 111.8% to ₹390.5 crore from ₹184.4 crore.

• IDBI Bank

IDBI Bank posted a Q3 standalone net profit of ₹1,910 crore, up from ₹1,460 crore YoY. The Gross Non-Performing Assets (GNPA) ratio improved to 3.57% from 3.68% QoQ, while the Net Non-Performing Assets (NNPA) ratio declined to 0.18% from 0.20%.

• Zomato

Zomato reported its Q3 FY 2025 results and the consolidated net profit fell to ₹59 crore, compared to ₹140 crore YoY, missing estimates of ₹270 crore. EBITDA stood at ₹162 crore, falling short of the expected ₹260 crore, with an EBITDA margin of 3%, below the anticipated 5%.

• Jammu & Kashmir Bank

J&K Bank’s Q3 standalone net profit increased to ₹530 crore from ₹421 crore YoY but fell from ₹550 crore QoQ. Revenue grew to ₹3,206 crore from ₹2,881 crore YoY. GNPA ratio rose to 4.08% from 3.95% QoQ, and NNPA increased to 0.94% from 0.85%.

• Vodafone Idea

Vodafone Idea issued a clarification denying any communication from the government about a possible ₹1 lakh crore AGR dues waiver.

• Cipla

Cipla announced that the USFDA concluded an inspection at the company’s Medispray facility in Kundaib, Goa, with one observation under Form 483.

• Central Bank of India

Central Bank of India posted its Q3 FY 2025 financial results and its standalone net profit rose to ₹960 crore, up from ₹720 crore YoY. The GNPA ratio improved to 3.86% from 4.59% QoQ, and the NNPA ratio declined to 0.59% from 0.69%.

 

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, BSE Sensex closed at 77,073.44 up by 0.59%, while Nifty50 rose 0.61% to 23,344.75. Stocks like KRN Heat Exchanger and Refrigeration, and Aether Industries hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on January 20, 2025

Stocks That Hit Upper Circuit on January 20, 2025

Overview of Companies Hitting Circuits Today

• KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger and Refrigeration Limited saw a significant rise in its stock price, rising by 9.99% to close at ₹828.75. The stock opened at ₹758.90 and reached a high of ₹828.75.

• Aether Industries

Aether Industries Limited experienced a notable rise in its stock price, rising by 7.14% to close at ₹880.35. The stock opened at ₹828.45 and touched a high of ₹903.80.

• Globus Spirits

Globus Spirits Limited saw its stock price rise sharply by 13.50% to close at ₹903.60. The stock opened at ₹910.00 and climbed to ₹955.35 at the high of the day.

• Refex Industries

Refex Industries Limited saw a decrease in its stock price, dropping by 4.68% to close at ₹461.25. The stock opened at ₹480.00 and dropped to a low of ₹459.70.

• PTC Industries

PTC Industries experienced a drop in its stock price, dropping by 5.00% to close at ₹15,746.15. The stock opened at ₹16,420.00 and reached a low of ₹15,746.15.

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.

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.