Key Takeaways

• Financials, jewellery and real estate delivered strong growth
• Metals, chemicals and packaging faced margin pressure
• Several companies moved from losses to profits
• Sector rotation likely in Indian markets
• Stock specific action may dominate indices

Post Market Earnings Update: Complete Company Wise Q3 Analysis

The latest Post Market Earnings Update shows clear divergence across sectors. While select financial, jewellery and real estate companies reported strong profit growth, several commodity linked and manufacturing companies faced margin compression.

With quarterly earnings being a key valuation driver in Indian markets, these results could influence near term stock specific moves and sector rotation.

Below is the complete company wise breakdown.

Muthoot Finance

Revenue up 53.6 percent at Rs. 4,467 crore versus Rs. 2,909 crore
Calculated NII up 64.2 percent at Rs. 4,467 crore versus Rs. 2,721 crore
Net Profit up 94.9 percent at Rs. 2,656 crore versus Rs. 1,363 crore

Strong credit demand and higher spreads supported profitability.

Tega Industries

Revenue down 1.2 percent at Rs. 404 crore versus Rs. 409 crore
Ebitda down 49.5 percent at Rs. 46.1 crore versus Rs. 91.2 crore
Ebitda Margin down 1,090 bps at 11.4 percent versus 22.3 percent
Net Profit down 63.7 percent at Rs. 19.7 crore versus Rs. 54.2 crore

Margins contracted sharply despite stable revenue.

Praj Industries

Revenue down 1.3 percent at Rs. 842 crore versus Rs. 853 crore
Ebitda down 34.9 percent at Rs. 47.4 crore versus Rs. 72.8 crore
Ebitda Margin down 290 bps at 5.6 percent versus 8.5 percent
Net Loss at Rs. 12.4 crore versus Profit of Rs. 41.1 crore

Profitability reversed due to margin pressure.

Honasa Consumer

Revenue up 16.2 percent at Rs. 602 crore versus Rs. 518 crore
Ebitda up 150.6 percent at Rs. 65.4 crore versus Rs. 26.1 crore
Ebitda Margin up 590 bps at 10.9 percent versus 5.0 percent
Net Profit up 93.1 percent at Rs. 50.2 crore versus Rs. 26 crore

Operating leverage improved significantly.

Zaggle Prepaid Ocean Services

Revenue up 21.8 percent at Rs. 526 crore versus Rs. 432 crore
EBIT up 15.6 percent at Rs. 42.2 crore versus Rs. 36.5 crore
EBIT Margin down 40 bps at 8.0 percent versus 8.4 percent
Net Profit up 4.0 percent at Rs. 36.3 crore versus Rs. 34.9 crore

Moderate profit growth with slight margin dip.

Indian Hotels

Revenue up 12.2 percent at Rs. 2,842 crore versus Rs. 2,533 crore
Ebitda up 11.9 percent at Rs. 1,076 crore versus Rs. 962 crore
Ebitda Margin down 10 bps at 37.9 percent versus 38.0 percent
Net Profit up 55.1 percent at Rs. 903 crore versus Rs. 582 crore

Travel demand remains resilient.

Engineers India

Revenue up 58.2 percent at Rs. 1,210 crore versus Rs. 765 crore
Ebitda up 259.6 percent at Rs. 352 crore versus Rs. 97.9 crore
Ebitda Margin up 1,630 bps at 29.1 percent versus 12.8 percent
Net Profit at Rs. 347 crore versus Rs. 109 crore

Strong execution and margin expansion.

Fine Organic Industries

Revenue up 7.4 percent at Rs. 555 crore versus Rs. 517 crore
Ebitda down 8.3 percent at Rs. 94.4 crore versus Rs. 103 crore
Ebitda Margin down 290 bps at 17.0 percent versus 19.9 percent
Net Profit down 10.6 percent at Rs. 73.9 crore versus Rs. 82.7 crore

Profit pressure despite revenue growth.

Hindalco Industries

Revenue up 0.7 percent at Rs. 66,521 crore versus Rs. 66,058 crore
Ebitda down 10.8 percent at Rs. 7,994 crore versus Rs. 8,966 crore
Ebitda Margin down 160 bps at 12.0 percent versus 13.6 percent
Net Profit down 56.8 percent at Rs. 2,049 crore versus Rs. 4,741 crore

Margin compression impacted profitability.

Indian Hume Pipe

Revenue down 26.0 percent at Rs. 282 crore versus Rs. 381 crore
Ebitda down 40.8 percent at Rs. 22.1 crore versus Rs. 37.3 crore
Ebitda Margin down 200 bps at 7.8 percent versus 9.8 percent
Net Profit at Rs. 61.5 crore versus Rs. 14.4 crore

Improved bottom line despite lower revenue.

Jagran Prakashan

Revenue down 7.7 percent at Rs. 477 crore versus Rs. 517 crore
Ebitda down 23.6 percent at Rs. 71.4 crore versus Rs. 93.5 crore
Ebitda Margin down 310 bps at 15.0 percent versus 18.1 percent
Net Profit down 13.5 percent at Rs. 54.1 crore versus Rs. 62.6 crore

Media segment remains under pressure.

Schneider Electric Infrastructure

Revenue up 20.0 percent at Rs. 1,029 crore versus Rs. 857.2 crore
Ebitda up 23.6 percent at Rs. 173 crore versus Rs. 140 crore
Ebitda Margin up 40 bps at 16.8 percent versus 16.4 percent
Net Profit down 12.6 percent at Rs. 97 crore versus Rs. 111 crore

Revenue growth but profit decline.

Petronet LNG

Revenue up 1.4 percent at Rs. 11,164 crore versus Rs. 11,009 crore
Ebitda up 7.3 percent at Rs. 1,198 crore versus Rs. 1,117 crore
Ebitda Margin up 60 bps at 10.7 percent versus 10.1 percent
Net Profit up 5.5 percent at Rs. 846 crore versus Rs. 802 crore

Stable utility performance.

IRCTC

Revenue up 18.3 percent at Rs. 1,449 crore versus Rs. 1,225 crore
Ebitda up 11.5 percent at Rs. 465 crore versus Rs. 417 crore
Ebitda Margin down 190 bps at 32.1 percent versus 34.0 percent
Net Profit up 15.5 percent at Rs. 394 crore versus Rs. 341 crore

Railway services show steady growth.

Vedant Fashions

Revenue down 3.7 percent at Rs. 492 crore versus Rs. 511 crore
Ebitda down 9.9 percent at Rs. 218 crore versus Rs. 242 crore
Ebitda Margin down 300 bps at 44.4 percent versus 47.4 percent
Net Profit down 14.6 percent at Rs. 135 crore versus Rs. 158 crore

Discretionary demand softness visible.

MIDHANI

Revenue up 16.0 percent at Rs. 276 crore versus Rs. 238 crore
Ebitda up 4.2 percent at Rs. 54.6 crore versus Rs. 52.4 crore
Ebitda Margin down 220 bps at 19.8 percent versus 22.0 percent
Net Profit up 8.2 percent at Rs. 27.6 crore versus Rs. 25.5 crore

Moderate growth with slight margin dip.

HCC

Revenue down 8.1 percent at Rs. 925 crore versus Rs. 1,007 crore
Ebitda at Rs. 67.2 crore versus Loss of Rs. 30.5 crore
Ebitda Margin at 7.3 percent
Net Profit at Rs. 8.1 crore versus Loss of Rs. 38.9 crore

Turnaround visible.

Ingersoll Rand

Revenue up 19.1 percent at Rs. 455 crore versus Rs. 382 crore
Ebitda up 11.8 percent at Rs. 114 crore versus Rs. 102 crore
Ebitda Margin down 170 bps at 25.1 percent versus 26.8 percent
Net Profit down 7.5 percent at Rs. 71.9 crore versus Rs. 77.7 crore

Revenue strong, profit slightly lower.

Coal India

Revenue down 5.3 percent at Rs. 34,924 crore versus Rs. 36,859 crore
Ebitda down 24.2 percent at Rs. 9,331 crore versus Rs. 12,318 crore
Ebitda Margin down 670 bps at 26.7 percent versus 33.4 percent
Net Profit down 15.9 percent at Rs. 7,157 crore versus Rs. 8,506 crore

Coal realizations impacted margins.

DCX Systems

Revenue down 39.5 percent at Rs. 121 crore versus Rs. 200 crore
Ebitda Loss at Rs. 5.2 crore versus Profit of Rs. 3 crore
Net Loss at Rs. 2.4 crore versus Profit of Rs. 10 crore

Weak quarter.

Indraprastha Gas

Revenue up 1.1 percent at Rs. 4,068 crore versus Rs. 4,023 crore
Ebitda up 6.8 percent at Rs. 471 crore versus Rs. 441 crore
Ebitda Margin up 60 bps at 11.6 percent versus 11.0 percent
Net Profit up 2.1 percent at Rs. 394 crore versus Rs. 386 crore

Steady utility earnings.

PI Industries

Revenue down 27.6 percent at Rs. 1,376 crore versus Rs. 1,901 crore
Ebitda down 41.0 percent at Rs. 302 crore versus Rs. 512 crore
Ebitda Margin down 490 bps at 22.0 percent versus 26.9 percent
Net Profit down 16.5 percent at Rs. 311 crore versus Rs. 373 crore

Global demand slowdown impact visible.

Inox India

Revenue up 28.4 percent at Rs. 429 crore versus Rs. 334 crore
Ebitda up 36.5 percent at Rs. 94.1 crore versus Rs. 68.9 crore
Ebitda Margin up 130 bps at 22.0 percent versus 20.7 percent
Net Profit up 4.0 percent at Rs. 60.7 crore versus Rs. 58.4 crore

Healthy industrial growth.

Biocon

Revenue up 9.2 percent at Rs. 4,173 crore versus Rs. 3,821 crore
Ebitda up 10.9 percent at Rs. 834 crore versus Rs. 752 crore
Ebitda Margin up 30 bps at 20.0 percent versus 19.7 percent
Net Profit at Rs. 144 crore versus Rs. 25 crore

Improved profitability.

Hindware Home Innovation

Revenue up 7.7 percent at Rs. 640 crore versus Rs. 594 crore
Ebitda up 63.6 percent at Rs. 48.1 crore versus Rs. 29.4 crore
Ebitda Margin up 260 bps at 7.5 percent versus 4.9 percent
Net Profit at Rs. 3.6 crore versus Loss of Rs. 17.8 crore

Operational turnaround.

Entero Healthcare Solutions

Revenue up 25.6 percent at Rs. 1,707 crore versus Rs. 1,359 crore
Ebitda up 35.9 percent at Rs. 67.8 crore versus Rs. 49.9 crore
Ebitda Margin up 30 bps at 4.0 percent versus 3.7 percent
Net Profit up 8.7 percent at Rs. 27.6 crore versus Rs. 25.4 crore

Distribution scale improving.

Shaily Engineering Plastics

Revenue up 26.8 percent at Rs. 251 crore versus Rs. 198 crore
Ebitda up 24.8 percent at Rs. 57.3 crore versus Rs. 45.9 crore
Ebitda Margin down 30 bps at 22.9 percent versus 23.2 percent
Net Profit up 48.4 percent at Rs. 37.4 crore versus Rs. 25.2 crore

Profit growth strong.

Deepak Nitrite

Revenue up 3.8 percent at Rs. 1,975 crore versus Rs. 1,903 crore
Ebitda up 25.1 percent at Rs. 211 crore versus Rs. 169 crore
Ebitda Margin up 180 bps at 10.7 percent versus 8.9 percent
Net Profit up 1.7 percent at Rs. 99.8 crore versus Rs. 98.1 crore

Margin recovery visible.

Endurance Technologies

Revenue up 26.2 percent at Rs. 3,608 crore versus Rs. 2,859 crore
Ebitda up 28.1 percent at Rs. 477 crore versus Rs. 373 crore
Ebitda Margin up 20 bps at 13.2 percent versus 13.0 percent
Net Profit up 20.2 percent at Rs. 222 crore versus Rs. 184 crore

Auto ancillary demand stable.

Uflex

Revenue down 3.3 percent at Rs. 3,612 crore versus Rs. 3,735 crore
Ebitda down 3.4 percent at Rs. 439 crore versus Rs. 454 crore
Ebitda Margin down 10 bps at 12.1 percent versus 12.2 percent
Net Profit down 73.6 percent at Rs. 36.2 crore versus Rs. 137 crore

Sharp profit contraction.

Sudarshan Chemical

Revenue at Rs. 2,103 crore versus Rs. 666 crore
Ebitda down 52.0 percent at Rs. 37.9 crore versus Rs. 78.9 crore
Ebitda Margin down 1,000 bps at 1.8 percent versus 11.8 percent
Net Loss at Rs. 115 crore versus Profit of Rs. 50 lakh

Severe margin erosion.

Rupa & Company

Revenue down 0.9 percent at Rs. 314 crore versus Rs. 316 crore
Ebitda down 32.3 percent at Rs. 25.8 crore versus Rs. 38 crore
Ebitda Margin down 380 bps at 8.2 percent versus 12.0 percent
Net Profit down 31.7 percent at Rs. 16.3 crore versus Rs. 23.8 crore

Innerwear demand slowdown.

SpiceJet

Revenue up 13.8 percent at Rs. 1,408 crore versus Rs. 1,237 crore
Ebitda Loss at Rs. 128 crore versus Loss of Rs. 81 crore
EBITDAR up 20.5 percent at Rs. 105 crore versus Rs. 86.8 crore
EBITDAR Margin up 40 bps at 7.4 percent versus 7.0 percent
Net Loss at Rs. 261 crore versus Profit of Rs. 20.4 crore

Aviation sector stress continues.

Conclusion

This Post Market Earnings Update clearly shows that earnings divergence is widening in Indian markets.

Financials, jewellery, infrastructure and select industrials are gaining strength. Metals, chemicals and packaging remain under pressure.

In such an environment, stock specific research becomes critical.

At Swastika Investmart, our SEBI registered research team provides structured earnings analysis, sector insights and technology enabled investing tools to help investors make informed decisions.

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