{"id":986,"date":"2025-01-28T11:53:49","date_gmt":"2025-01-28T11:53:49","guid":{"rendered":"https:\/\/sharpely.in\/blogs\/q3-results-that-shocked-the-markets-this-week-jan-19-jan-25\/"},"modified":"2026-06-03T15:48:14","modified_gmt":"2026-06-03T15:48:14","slug":"q3-results-shocked-markets-week-jan-19-jan-25","status":"publish","type":"post","link":"https:\/\/sharpely.in\/blogs\/q3-results-shocked-markets-week-jan-19-jan-25\/","title":{"rendered":"Q3 Results That Shocked the Markets This Week (Jan 19 &#8211; Jan 25)"},"content":{"rendered":"<p><span style=\"background-color: transparent;\">The stock market is like a drama that never runs out of plot twists\u2014one day, the hero stock soars, and the next, it crashes without warning. With result season in full swing, the stage is set for companies to reveal their financial report cards, and this week\u2019s announcements didn\u2019t disappoint. The market has been buzzing with unexpected moves, from surprising profits to shocking losses that stunned investors.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">Whether you&#8217;re a seasoned investor or just someone curious about what makes the markets tick, we\u2019re breaking down <\/span><em style=\"background-color: transparent;\">Results That Shocked the Markets This Week<\/em><span style=\"background-color: transparent;\">. No jargon, no complicated charts\u2014just the stories behind the numbers that shook the trading floor and what they mean for you.<\/span><\/p>\n<h2><span style=\"background-color: transparent;\">Steady Q3FY25 Results<\/span><\/h2>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Vidhi Specialty Food Ingredients: Riding a Wave of Growth<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Vidhi\u2019s Q3FY25 results clearly show the company gaining momentum, with significant growth across all key metrics:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b999 crore (vs \u20b963 crore YoY, \u20b991 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b917 crore (vs \u20b911.7 crore YoY, \u20b913.5 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b912.7 crore (vs \u20b98.6 crore YoY, \u20b910.3 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">What\u2019s driving this growth? It could be a mix of expanding demand for its products and efficient cost management, reflected in the stellar PBT numbers. The strong PAT reinforces Vidhi\u2019s position as a steady performer this quarter.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">The key question now is: <\/span><em style=\"background-color: transparent;\">Can Vidhi sustain this strong trajectory in the coming quarters?<\/em><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">APL Apollo Tubes: Strength in Every Pipe<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">APL Apollo Tubes continues to demonstrate robust growth in Q3FY25, with standout performance across revenue and profitability:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b95,432 crore (vs \u20b94,177 crore YoY, \u20b94,773 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9280 crore (vs \u20b9219 crore YoY, \u20b970 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9217 crore (vs \u20b9165 crore YoY, \u20b954 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The YoY growth in PBT is particularly impressive, signaling strong demand recovery and operational efficiency. Despite QoQ growth being steady, APL Apollo remains a force to reckon with in its segment.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">PNB Housing Finance: A Steady Climb<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">PNB Housing Finance delivered a solid performance in Q3FY25, supported by improvements in profitability and asset quality:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b91,943 crore (vs \u20b91,756 crore YoY, \u20b91,880 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9616 crore (vs \u20b9440 crore YoY, \u20b9605 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9483 crore (vs \u20b9338 crore YoY, \u20b9469 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">GNPA:<\/strong><span style=\"background-color: transparent;\"> 1.19%, <\/span><strong style=\"background-color: transparent;\">NNPA<\/strong><span style=\"background-color: transparent;\">: 0.8%<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">With both YoY and QoQ growth, the company\u2019s focus on asset quality and profitability is paying off. Solid GNPA numbers add confidence to its long-term trajectory.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">SG Mart<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">SG Mart recovered well from Q2 inventory losses, showcasing an improved Q3FY25 performance:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b91,345 crore (vs \u20b9748 crore YoY, \u20b91,815 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b937 crore (vs \u20b923 crore YoY, \u20b921 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT: <\/strong><span style=\"background-color: transparent;\">\u20b928 crore (vs \u20b917 crore YoY, \u20b916 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">This quarter marked a significant YoY improvement and a steady QoQ uptick in margins, with the normalization of inventory losses playing a key role.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">MPS Ltd: Scaling Through Strategy<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">MPS Ltd continues to grow steadily in Q3FY25, supported by inorganic acquisitions and effective integration:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b9186 crore (vs \u20b9133 crore YoY, \u20b9178 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b955 crore (vs \u20b940.6 crore YoY, \u20b948 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b940.7 crore (vs \u20b929.7 crore YoY, \u20b935 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The company\u2019s margin expansion and well-executed scaling strategies have contributed to this QoQ and YoY uptick, setting the stage for future growth.<\/span><\/p>\n<h2><span style=\"background-color: transparent;\">Blockbuster Q3FY25 Results<\/span><\/h2>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">KFin Technologies: Breaking Records<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">KFin Technologies delivered its best-ever quarter in Q3FY25, with record-breaking numbers across all metrics:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b9290 crore (up 33% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">EBITDA<\/strong><span style=\"background-color: transparent;\">: \u20b9131 crore (up 33.4% YoY, OPM at 45%)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT:<\/strong><span style=\"background-color: transparent;\"> \u20b990 crore (up 35% YoY)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The company also reported <\/span><strong style=\"background-color: transparent;\">42.8% AUM<\/strong><span style=\"background-color: transparent;\"> growth compared to <\/span><strong style=\"background-color: transparent;\">39.4%<\/strong><span style=\"background-color: transparent;\"> for the industry and retained a <\/span><strong style=\"background-color: transparent;\">32.6%<\/strong><span style=\"background-color: transparent;\"> market share. With 70 international clients and steady growth, KFin is setting new benchmarks for the sector.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Oberoi Realty: Delivering Consistent Excellence<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Oberoi Realty\u2019s Q3FY25 results highlight strong growth across all key metrics:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b91,411 crore (vs \u20b91,053 crore YoY, \u20b91,319 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9810 crore (vs \u20b9479 crore YoY, \u20b9782 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9618 crore (vs \u20b9360 crore YoY, \u20b9589 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">9MFY25 Performance:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b91,792 crore (vs \u20b91,138 crore YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b92,367 crore (vs \u20b91,504 crore YoY)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">With an <\/span><strong style=\"background-color: transparent;\">OPM<\/strong><span style=\"background-color: transparent;\"> of 60%+, Oberoi Realty is reinforcing its position as a leader in the real estate sector.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Manorama Industries: Record-Breaking Quarter<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Manorama Industries delivered its best-ever results in Q3FY25, with standout growth across all metrics:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b9209 crore (vs \u20b998 crore YoY, \u20b9195 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b940 crore (vs \u20b910.5 crore YoY, \u20b935 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b929.5 crore (vs \u20b97.4 crore YoY, \u20b926.7 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The new capacity added last quarter is contributing significantly. While the valuations are rich, the company continues to show strong signs of sustained growth, making it a promising prospect for future quarters.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Persistent Systems: Scaling New Heights<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Persistent Systems achieved record-breaking numbers in Q3FY25 with robust growth:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b93,062 crore (vs \u20b92,498 crore YoY, \u20b92,897 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9482 crore (vs \u20b9389 crore YoY, \u20b9434 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9373 crore (vs \u20b9286 crore YoY, \u20b9325 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">With 12% QoQ growth, strong deal wins (TCV), and industry-leading performance, Persistent Systems is setting the benchmark in its segment.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Amber Enterprises: A Phenomenal Quarter<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Amber Enterprises showcased stellar growth in Q3FY25, delivering exceptional numbers:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b92,133 crore (vs \u20b91,294 crore YoY, \u20b91,684 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b953 crore (vs \u20b924 crore QoQ, \u20b930 lakh YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b937 crore (vs \u20b921 crore QoQ, last Q3 was a loss-making quarter)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The <\/span><strong style=\"background-color: transparent;\">EBITDA<\/strong><span style=\"background-color: transparent;\"> grew 102% to \u20b9158 crore, reflecting strong operational performance and demand.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Macrotech Developers (LODHA): Achieving Milestones<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Macrotech Developers delivered exceptional Q3FY25 results with impressive operational and financial performance:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b94,083 crore (up 39% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">EBITDA<\/strong><span style=\"background-color: transparent;\">: \u20b91,590 crore (up 48% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9945 crore (up 66% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">NPM<\/strong><span style=\"background-color: transparent;\">: 22.78% (v\/s 17.07% Q3FY24)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Basic EPS<\/strong><span style=\"background-color: transparent;\">: 9.48 (v\/s 5.22 Q3FY24)<\/span><\/li>\n<\/ul>\n<p><strong style=\"background-color: transparent;\">Other Highlights:<\/strong><\/p>\n<p><span style=\"background-color: transparent;\">Significant debt reduction with D\/E at 0.41<\/span><\/p>\n<p><span style=\"background-color: transparent;\">Launched the 5th project in Bangalore with GDV of \u20b92,800 crore<\/span><\/p>\n<p><span style=\"background-color: transparent;\">With an OPM of 39%, Macrotech is well on track to deliver its FY25 guidance and maintain its leadership in the real estate market.<\/span><\/p>\n<h2><span style=\"background-color: transparent;\">The Comeback Kings of Q3FY25 Results<\/span><\/h2>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">V2 Retail: A Turnaround Quarter<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">V2 Retail\u2019s Q3FY25 results marked a remarkable comeback with strong margin expansion:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b9590 crore (vs \u20b9373 crore YoY, \u20b9380 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b969 crore (vs \u20b932 crore YoY, Q2 was a loss-making quarter)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b951 crore (vs \u20b924 crore YoY, Q2 was a loss-making quarter)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The company delivered a strong comeback in this quarter, showcasing resilience and growth.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Multi Commodity Exchange: Record-Setting Q3FY25<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">MCX posted its best-ever quarterly performance in Q3FY25, achieving new highs across key metrics:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b9301 crore (vs \u20b9191.5 crore YoY, \u20b9285.5 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Other Income<\/strong><span style=\"background-color: transparent;\">: \u20b923 crore (vs \u20b917 crore YoY, \u20b925 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9202 crore (vs \u20b9-13 crore YoY, \u20b9191 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9160 crore (vs \u20b9-6 crore YoY, \u20b9153 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Q3 EPS<\/strong><span style=\"background-color: transparent;\">: \u20b931.3<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">9M EPS<\/strong><span style=\"background-color: transparent;\">: \u20b983.26<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">This performance cements MCX&#8217;s strong trajectory as it continues to break records quarter over quarter.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Sunteck Realty: Record Pre-Sales &amp; Robust Financial Growth<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Sunteck Realty achieved its highest-ever pre-sales and operational milestones in Q3FY25:<\/span><\/p>\n<p><strong style=\"background-color: transparent;\">Operational Highlights:<\/strong><\/p>\n<ul>\n<li><span style=\"background-color: transparent;\">Q3FY25 Pre-Sales: \u20b9635 crore (\u23eb40%)<\/span><\/li>\n<li><span style=\"background-color: transparent;\">Collections: \u20b9336 crore<\/span><\/li>\n<li><span style=\"background-color: transparent;\">Addition of Nepean Sea Project 2 with GDV of \u20b92,400 crore (Total GDV at \u20b95,400 crore).<\/span><\/li>\n<li><span style=\"background-color: transparent;\">9MFY25 Pre-Sales: \u20b91,661 crore (\u23eb34%)<\/span><\/li>\n<li><span style=\"background-color: transparent;\">Net Operating Cash Flow Surplus: \u20b9312 crore<\/span><\/li>\n<li><span style=\"background-color: transparent;\">Zero Net Debt with \u20b961 crore cash reserves.<\/span><\/li>\n<\/ul>\n<p><strong style=\"background-color: transparent;\">Financial Performance:<\/strong><\/p>\n<ul>\n<li><span style=\"background-color: transparent;\">Revenue: \u20b9162 crore (vs \u20b942 crore YoY, \u23eb281%)<\/span><\/li>\n<li><span style=\"background-color: transparent;\">EBITDA: \u20b948 crore (vs \u20b9-15 crore YoY, \u23eb426%)<\/span><\/li>\n<li><span style=\"background-color: transparent;\">OPM: 30%<\/span><\/li>\n<li><span style=\"background-color: transparent;\">PAT: \u20b943 crore (vs \u20b9-10 crore YoY, \u23eb537%)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">A stellar quarter marked by operational and financial excellence!<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Frog Cellsat: A Stellar Q3FY25<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Frog Cellsat delivered an exceptional Q3FY25 with record growth:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b991 crore (vs \u20b945 crore YoY, \u20b944 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b920.6 crore (vs \u20b94 crore YoY, \u20b93.5 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b915.6 crore (vs \u20b92.8 crore YoY, \u20b92.8 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Q3 EPS<\/strong><span style=\"background-color: transparent;\">: \u20b910.1 (vs \u20b91.8 YoY)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The company&#8217;s growth trajectory is stronger than ever, setting new benchmarks for the future.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Yes Bank: Strong Growth Amid Steady Asset Quality<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Yes Bank finally shows growth momentum in Q3FY25, with improvements across the board:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">GNPA and NNPA are down<\/strong><span style=\"background-color: transparent;\"> QoQ and YoY.<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PPOP<\/strong><span style=\"background-color: transparent;\">: \u20b91,079 crore (vs \u20b9864 crore YoY, \u20b9975 crore QoQ).<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9820 crore (vs \u20b9309 crore YoY, \u20b9678 crore QoQ).<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9612 crore (vs \u20b9231 crore YoY, \u20b9553 crore QoQ).<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">RoA<\/strong><span style=\"background-color: transparent;\">: 0.6% (vs 0.2% YoY).<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">A solid quarter highlighting steady asset quality and renewed growth potential!<\/span><\/p>\n<h2><span style=\"background-color: transparent;\">Usual Winners Post Surprising Q3FY25 Results<\/span><\/h2>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Dixon Technologies: Consistent Growth Despite Historical Q3 Weakness<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Dixon Technologies continues its strong growth momentum, although Q3 is typically weaker compared to Q2.\u00a0<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b910,453 crore (vs \u20b94,818 crore YoY, \u20b911,534 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">EBITDA<\/strong><span style=\"background-color: transparent;\">: \u20b9398 crore (\u23eb113% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9216 crore (vs \u20b997 crore YoY, \u20b9230 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">Dixon&#8217;s Q3 earnings are solid. It is not an out-of-the-world kind of result but a decent one. There is a sequential decline but solid YoY growth. Historically Q3 is weaker than Q2. But when a company trades at an &#8216;out of the world&#8217; valuation, even a solid result is not enough! This is why &#8216;buy at any price&#8217; does not work even for the high growth names.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Zomato: Facing Slowdown Amid Rich Valuations<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Zomato&#8217;s growth has slowed post-mid-November, yet the company still maintains strong revenue growth:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b95,405 crore (vs \u20b93,288 crore YoY, \u23eb64%, \u20b94,788 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">EBITDA<\/strong><span style=\"background-color: transparent;\">: \u20b9162 crore (vs \u20b951 crore YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">OPM<\/strong><span style=\"background-color: transparent;\">: 3% (vs 1.6% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Quick Commerce<\/strong><span style=\"background-color: transparent;\">: Post-EBITDA loss of \u20b930 crore<\/span><\/li>\n<li><span style=\"background-color: transparent;\">PBT and PAT are down. <\/span><strong style=\"background-color: transparent;\">PAT <\/strong><span style=\"background-color: transparent;\">at \u20b959 crore v\/s \u20b9138 crore (YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Blinkit<\/strong><span style=\"background-color: transparent;\">: Crossed 1,000+ stores, ahead of target (target: 2,000+ stores by Dec 2025).<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">The food delivery giant&#8217;s net profit took a hit as its margins remained under pressure, largely due to substantial expenses incurred in expanding new centers to support orders on its quick commerce platform, Blinkit.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">The company\u2019s strong management and solid position to overcome emerging competition in quick commerce make it a stock that will be closely tracked in the upcoming quarters.<\/span><\/p>\n<h3><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">Tejas Networks: Major Margin Compression<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Tejas Networks reported a significant decline in margins, with weaker performance in Q3:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b92,642 crore (vs \u20b9575 crore YoY, \u20b92,811 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PBT<\/strong><span style=\"background-color: transparent;\">: \u20b9211 crore (vs loss YoY, \u20b9410 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9166 crore (vs loss YoY, \u20b9275 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">A sharp drop in margins has led to weaker performance this quarter despite strong YoY revenue growth.<\/span><\/p>\n<h3><strong style=\"color: rgb(67, 67, 67); background-color: transparent;\">Mankind Pharma: One-Time Expense Impac<\/strong><span style=\"color: rgb(67, 67, 67); background-color: transparent;\">t<\/span><\/h3>\n<p><span style=\"background-color: transparent;\">Mankind Pharma saw a drop in PAT due to acquisition-related expenses, but the company showed strong revenue growth and healthy EBITDA:<\/span><\/p>\n<ul>\n<li><strong style=\"background-color: transparent;\">Revenue<\/strong><span style=\"background-color: transparent;\">: \u20b93,230 crore (vs \u20b92,607 crore, \u23eb24% YoY, \u20b93,076 crore QoQ)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">EBITDA<\/strong><span style=\"background-color: transparent;\">: \u20b9907 crore (\u23eb34% YoY)<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">Finance Cost<\/strong><span style=\"background-color: transparent;\">: \u20b9221 crore, Depreciation: \u20b9192 crore, Employee Expenses: \u20b9710 crore<\/span><\/li>\n<li><strong style=\"background-color: transparent;\">PAT<\/strong><span style=\"background-color: transparent;\">: \u20b9385 crore (vs \u20b9460 crore, down 16% YoY, \u20b9658 crore QoQ)<\/span><\/li>\n<\/ul>\n<p><span style=\"background-color: transparent;\">Despite the one-time expenses, Mankind is maintaining healthy growth and market share gains, with valuations still on the higher side.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">As we wrap up our deep dive into Q3FY25 earnings across these diverse sectors, it\u2019s clear that while growth stories continue to unfold, each company is navigating its own set of challenges. From record-breaking revenues to one-time expense impacts and margin squeezes, the quarter highlights the resilience and agility required to thrive in today\u2019s dynamic market.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">For investors, it&#8217;s crucial to stay vigilant\u2014paying attention to the potential for growth amidst high valuations, monitoring the impact of strategic decisions, and understanding the long-term outlooks of companies. As always, staying informed and making data-driven decisions will be key to identifying the next big opportunity.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">We\u2019ll continue to bring you the latest insights and updates on these companies and others making waves in the market. Until next time, keep analyzing and investing wisely!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Q3 Results dropping in, finding stocks showing steady or shocking returns is an important step in the rebalancing strategy. Get a sneak peek into the market shockers.<\/p>\n","protected":false},"author":5,"featured_media":985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/posts\/986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/comments?post=986"}],"version-history":[{"count":1,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/posts\/986\/revisions"}],"predecessor-version":[{"id":1102,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/posts\/986\/revisions\/1102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/media\/985"}],"wp:attachment":[{"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/media?parent=986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/categories?post=986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharpely.in\/blogs\/wp-json\/wp\/v2\/tags?post=986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}