With the quarter earnings season already on and IT giant Tata Consultancy Services (TCS) all set to announce its Q3 results today, while investors and market participants are hooked on the numbers to be released in the coming days, India Inc is already releasing its business updates numbers. During the third quarter, Elara Securities stated that its coverage universe earnings are set to grow at 8 per cent on-year, after a decline of 6 per cent YoY in Q2. On the other hand, it added, revenue growth shows signs of moderation at 3 per cent.
In an analysis report, Elara Securities said, “Domestic cyclicals may see a mixed performance as Autos face headwinds while Banks see robust earnings growth. Commodities-oriented sectors may continue to be the laggards, driven by Metals and Cement; however, Energy stocks will likely see modest earnings growth. Mid cap stocks in our coverage are likely to report better earnings growth compared to large cap and small cap stocks.”
Here are updates on Q3 numbers from firms across sectors:
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Ajmera Realty: Ajmera Realty & Infra India Ltd on Thursday announced its business update for the third quarter of FY25 with sales value at Rs 270 crore and collections at Rs 167 crore, reporting a growth of 7 per cent and 10 per cent respectively as compared to the third quarter of previous financial year. “Ajmera Realty witnessed a steady performance in Q3FY25 supported by projects nearing completion with limited inventory and new launches. The inventory of the recently launched Ajmera Iris project recorded 47 per cent sales, while Ajmera Vihara achieved 61 per cent sales during the 9M FY25. This underscores the contribution of the launch portfolio in driving sales within the company’s portfolio. Additionally, collections increased by 10 per cent YoY to Rs 167 crore, reflecting consistent customer payouts,” it said in a regulatory filing.
Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, “Looking ahead, we are optimistic about launching new projects in the upcoming quarter. The company is well-capitalized following the successful conclusion of its recent preference issue.”
Keystone Realtors: Keystone Realtors Ltd on Thursday announced its Q3 business update wherein it said that the company achieved pre-sales of Rs 863.00 crore in Q3FY25 as compared to Rs 616.00 crore in Q3FY24,
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