IDBI Bank reported financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 21, 2025, IDBI Bank share price (NSE: IDBI) opened at ₹86.50, slightly up from its previous close of ₹86.14. However, at 10:14 AM, the share price of IDBI Bank was trading at ₹83.24, down by 3.37% on the NSE. Notably, the stock price touched its 52-week low recently at ₹65.89 on January 13, 2025.

Q3 FY 2025 Financial Highlights

The bank’s net profit for Q3 FY 2025 surged by 31% to ₹1,908 crore, compared to ₹1,458 crore in the same period last year. This growth was driven by an increase in operating profit, which rose by 20% to ₹2,802 crore from ₹2,327 crore in Q3 FY 2024.

Other Major Highlights 

One of the key highlights was the significant improvement in Net Interest Income (NII), which grew by 23% to ₹4,228 crore, up from ₹3,435 crore in Q3 FY 2024. This was supported by a notable improvement in Net Interest Margin (NIM), which increased by 45 basis points to 5.17%, compared to 4.72% in the corresponding quarter of the previous year.

The bank also reported a reduction in its cost-to-income ratio, which declined by 351 basis points to 43.71%, reflecting improved operational efficiency.

In terms of asset quality, IDBI Bank achieved progress. The Gross Non-Performing Asset (NPA) ratio improved to 3.57% as of December 31, 2024, down from 4.69% in the previous year. The Net NPA ratio also saw improvement, decreasing to 0.18% from 0.34% a year earlier.

The bank’s total deposits increased by 9% year-on-year, reaching ₹2,82,439 crore as of December 31, 2024, up from ₹2,58,442 crore as of the same date in 2023. Despite the improvement in the cost of funds, which rose to 4.82% from 4.60% in Q3 FY 2024, IDBI Bank continued to report growth.

 

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.

Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, announced its financial results for the third quarter (Q3 FY 2024-25) and the nine months ended December 31, 2024.

Q3 FY 2025 Financial Highlights

MRPL reported revenue from operations of ₹25,601 crore in Q3 FY 2024-25, compared to ₹28,364 crore in the same quarter of the previous fiscal. The company’s Profit Before Tax (PBT) stood at ₹469 crore, down from ₹591 crore in Q3 FY 2023-24, while Profit After Tax (PAT) was ₹304 crore, compared to ₹387 crore in the corresponding quarter of the previous year.

9 Months Ended December 31, 2024

For the nine-month period (IXM FY 2024-25), MRPL’s revenue from operations increased to ₹81,676 crore, up from ₹76,033 crore in IXM FY 2023-24. However, the company reported a Loss Before Tax of ₹471 crore, as opposed to a Profit Before Tax of ₹3,755 crore in the same period last year. Similarly, it posted a Loss After Tax of ₹313 crore, in contrast to a Profit After Tax of ₹2,459 crore in IXM FY 2023-24.

Major Highlights

MRPL recorded its highest-ever crude processing volumes in Q3 FY 2024-25, with gross crude processing reaching 4,541.5 TMT, surpassing the previous record of 4,459.1 TMT achieved in Q3 FY 2022-23. Net crude processing also set a new benchmark at 4,601.0 TMT, exceeding the earlier record of 4,479.7 TMT. The company processed Merey-16 Crude from Venezuela (API-15.69) for the first time in November 2024.

Additionally, MRPL achieved record production levels for key products during the quarter. Aviation Turbine Fuel (ATF) production rose to 763.1 TMT, surpassing the previous high of 747.5 TMT in Q2 FY 2024-25. Benzene production also reached a new peak of 60.6 TMT, compared to the earlier best of 49.7 TMT.

On January 21, 2025, Mangalore Refinery and Petrochemicals share price (NSE: MRPL) opened at ₹145.00, touching the day’s low at ₹143.37, as of 9:52 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.

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.