Financial Performance Overview (Q3 FY2025)
(All figures in ₹ Million)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 10,736.5 | 11,077.7 | 8,389.8 | 31,397.6 | 22,543.1 | 31,679.1 |
| Total Income | 10,994.5 | 11,116.5 | 8,347.2 | 31,812.4 | 22,711.5 | 31,904.6 |
| Total Expenses | 9,095.6 | 9,179.0 | 7,617.6 | 26,176.9 | 21,092.6 | 29,273.9 |
| Profit Before Tax (PBT) | 1,898.9 | 1,937.5 | 729.6 | 5,635.5 | 1,618.9 | 2,630.7 |
| Net Profit | 1,426.8 | 1,446.2 | 493.5 | 4,218.4 | 1,147.6 | 1,810.5 |
| Earnings Per Share (EPS) (₹) | 5.57 | 5.65 | 1.93 | 16.47 | 4.48 | 7.07 |
Key Financial Highlights
- Revenue from operations grew 27.9% YoY to ₹10,736.5 million in Q3 FY25.
- Net profit surged 189% YoY, reaching ₹1,426.8 million.
- EBITDA Margin Expansion: Increased operational efficiency contributed to improved profitability.
- 9M FY25 Revenue stood at ₹31,397.6 million, marking a 39.3% YoY rise.
- Hedge Accounting Gains: A fair value gain of ₹1,236.5 million in Q3 due to hedging of forward contracts.
Corporate Announcements
1. Key Managerial Appointment
- Ms. Shweta Mehta has been appointed as Company Secretary & Compliance Officer w.e.f February 6, 2025.
- She has 20 years of experience in corporate governance, legal, and compliance roles, previously working with Hughes Network Systems, Moser Baer, and Chambal Fertilisers.
2. Promoter Shareholding Update
- Promoters divested 8.4% stake, selling 21,451,168 shares at an average price of ₹1,686.7 per share.
- Revised promoter holding now stands at 51% as of December 31, 2024.
Management Commentary
Sandeep Zanzaria, Managing Director & CEO, stated: "We have demonstrated strong revenue growth and profitability in Q3, with strategic hedging and operational efficiencies supporting the momentum. The promoter stake sale aligns with our vision for a diversified shareholding base while ensuring long-term business sustainability."Strategic Outlook
- Continued revenue momentum driven by demand in power transmission and grid solutions.
- Operational efficiencies and cost control measures expected to sustain profitability.
- Hedge accounting adoption to mitigate currency fluctuation risks in financial performance.