News Overview

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

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

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

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

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

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

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.

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

Revenue from operations was at ₹34,253.52 crore, which was 8% QoQ growth on the back of higher gas demand, against ₹31,822.62 crore in the preceding quarter