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Lower crude oil realizations impacted earnings, with company getting $72.57 per barrel as against $81.13 per barrel in Q3 FY24.

The currency has been under pressure, thus stabilizing it involves injecting Rs 600 billion into banks

Top gainers in Nifty include Tata Cons. Prod (6%), Nestle (5.37%), Bharat Elec (5.09%), Trent (4.8%).

Adjusted EBITDA increased by 188% YoY to ₹60 crore compared to ₹21 crore in the previous year, showing a good improvement in profitability.

The sector is also looking for greater investment in EV charging stations and energy storage systems, which are necessary for a smoother transition to green mobility.

An interim dividend of ₹10.50 on the face value per share for FY25 has been declared.

Operating margins stayed stable despite adversities created from forex losses, cost escalations; this profit was due to diversified business portfolios and effective cost management of the company.

The company recorded an exceptional loss of ₹107 crore in the base quarter, which impacted the previous year’s comparison.

This quarter had Gross NPA at 4.7% after 7% during Q3 FY24, with much better management of its asset quality.

The company declared a third interim dividend of ₹6 per share (60% on a face value of ₹10) for FY25.