As of February 28, 2025, the third quarter of the financial year 2025 (Q3 FY25, covering October to December 2024) has seen several Indian companies report strong financial performance, reflecting resilience across diverse sectors. This analysis highlights key performers, providing detailed statistics and insights into their results, drawn from recent reports and company filings. The focus is on companies with significant year-over-year (YoY) growth in profit after tax (PAT) and revenue, offering a snapshot of India’s economic vitality.
Methodology and Context
The financial year in India runs from April 1 to March 31, with Q3 FY25 spanning October to December 2024. Companies typically announce results within 45 days post-quarter, aligning with January and February 2025 announcements, which are current as of the analysis date. The selection criteria for “strong results” include notable YoY increases in PAT and revenue, reflecting operational efficiency and market demand.
Company Highlights
Hindalco Industries in the metals sector reported a PAT of Rs 3,735 crore, up 60% year-over-year (YoY), and revenue of Rs 58,390 crore, up 11% YoY, driven by higher aluminium prices .
State Bank of India (SBI), a banking giant, saw standalone PAT surge to Rs 16,891 crore, up 84% YoY, with net interest income at Rs 41,620 crore, up 4.09% YoY, reflecting strong lending growth.
Bharti Hexacom in telecom reported PAT of Rs 261 crore, up 23% YoY, and revenue of Rs 2,251 crore, up 25% YoY, boosted by customer base expansion and data services .
Hero Motocorp, an automotive leader, achieved standalone PAT of Rs 1,203 crore, up 12% YoY, and revenue of Rs 10,211 crore, up 5% YoY, supported by EV and global market gains .
Cipla in pharmaceuticals reported consolidated PAT of Rs 1,571 crore, up 49% YoY, and revenue of Rs 7,073 crore, up 7% YoY, driven by innovation and product portfolio expansion .
Adani Ports and Special Economic Zone in infrastructure saw PAT of Rs 2,520 crore, up 14% YoY, and revenue of Rs 7,964 crore, up 15% YoY, aided by operational efficiency and expansion .
Nestle India, an FMCG leader, reported consolidated PAT of Rs 688 crore, up 5% YoY, and revenue of Rs 4,779.73 crore, up 3.9% YoY, maintaining growth despite raw material cost challenges .
Sector-Wise Performance: Detailed Breakdown
Metals and Mining: Hindalco Industries
Hindalco Industries, a flagship of the Aditya Birla Group, reported impressive Q3 FY25 results, driven by favorable commodity prices and demand. The company’s consolidated PAT surged to Rs 3,735 crore, marking a 60% YoY increase, while revenue grew 11% YoY to Rs 58,390 crore. Notably, the India business PAT rose 134% YoY to Rs 2,885 crore, and aluminium upstream EBITDA increased 73% to Rs 4,222 crore, with a margin of 42%. These figures underscore Hindalco’s strong position in the global metals market, particularly in aluminium and copper segments .
| Metric | Q3FY25 (Rs crore) | YoY Change | QoQ Change |
|---|---|---|---|
| Consolidated PAT | 3,735 | +60% | -4.4% |
| Revenue from Operations | 58,390 | +11% | +0.32% |
| India Business PAT | 2,885 | +134% | – |
| Aluminium Upstream EBITDA | 4,222 | +73% | – |
| Consolidated EBITDA | 8,108 | +28% | – |
Banking: State Bank of India (SBI)
SBI, India’s largest public sector bank, reported a standalone PAT of Rs 16,891 crore for Q3 FY25, reflecting an 84% YoY surge, significantly beating street estimates of Rs 16,219 crore. Net interest income (NII) grew 4.09% YoY to Rs 41,620 crore, with total interest income at Rs 1,17,427 crore, up 10% YoY. The bank’s credit growth was robust, with domestic advances up 14.06% YoY and SME advances growing 18.71% YoY. Gross NPA ratio improved to 2.07%, down 35 bps YoY, indicating better asset quality. This performance highlights SBI’s strong position in retail and corporate lending.
| Metric | Value (Rs crore) | YoY Change | QoQ Change |
|---|---|---|---|
| Standalone PAT | 16,891 | +84% | -8% |
| Net Interest Income (NII) | 41,620 | +4.09% | – |
| Interest Income | 1,17,427 | +10% | – |
| Gross NPA Ratio | 2.07% | -35 bps | – |
| Net NPA Ratio | 0.53% | -11 bps | – |
Telecom: Bharti Hexacom
Bharti Hexacom, a subsidiary of Bharti Airtel, reported a PAT of Rs 261 crore, up 23% YoY, and revenue of Rs 2,251 crore, up 25% YoY, for Q3 FY25. The company’s EBITDA margin improved by 516 bps to 53%, with EBITDAaL margin at 46.3%, up 564 bps YoY. Mobile services revenue grew 25.5% YoY, and mobile data consumption increased 25.3% YoY, with ARPU at Rs 241. Net customer additions of 44,000 and a 75% smartphone data customer base highlight its focus on data and broadband expansion .
| Metric | Q3FY25 Value | YoY Change | QoQ Change |
|---|---|---|---|
| Profit After Tax (PAT) | Rs 261 crore | +23% | +3% |
| Revenue | Rs 2,251 crore | +25% | +7.3% |
| EBITDA Margin | 53% | +516 bps | – |
| Mobile ARPU | Rs 241 | – | – |
| Net Customer Additions | 44,000 | – | – |
Automotive: Hero Motocorp
Hero Motocorp, India’s leading two-wheeler manufacturer, reported standalone PAT of Rs 1,203 crore, up 12% YoY, and revenue of Rs 10,211 crore, up 5% YoY, for Q3 FY25. EBITDA grew 8% YoY to Rs 1,476 crore, with sales volume at 14.64 lakh units, slightly up from 14.60 lakh units last year. The company’s focus on electric vehicles (EV) and global markets, including gains in Bangladesh and Colombia, contributed to its performance. It also approved Rs 5.15 crore for solar power projects, aligning with sustainability goals.
| Metric | Q3FY25 | Q3FY24 | YoY Change |
|---|---|---|---|
| Standalone PAT | Rs 1,203 crore | Rs 1,073 crore | +12% |
| Revenue from Operations | Rs 10,211 crore | Rs 9,723 crore | +5% |
| EBITDA | Rs 1,476 crore | – | +8% |
| Sales Volume | 14.64 lakh units | 14.60 lakh units | – |
Pharmaceuticals: Cipla
Cipla, a global pharmaceutical leader, reported consolidated PAT of Rs 1,571 crore, up 49% YoY, and revenue of Rs 7,073 crore, up 7% YoY, for Q3 FY25. The company’s pharmaceutical revenue was Rs 6,778 crore, with new ventures contributing Rs 341 crore. It maintained a 61.5% chronic mix, ranking #2 in urology with 16% YoY market growth, and launched 18 new products in 9M FY25. This performance reflects Cipla’s innovation and market expansion strategies .
| Metric | Q3FY25 (Rs crore) | Q3FY24 (Rs crore) | YoY Change |
|---|---|---|---|
| Consolidated Net Profit | 1,571 | 1,056 | +49% |
| Revenue from Operations | 7,073 | 6,604 | +7% |
| Pharmaceuticals Revenue | 6,778 | 6,365 | – |
| Quarterly Expenses | 5,378.49 | 5,120 | +5% |
Infrastructure: Adani Ports and Special Economic Zone
Adani Ports reported consolidated PAT of Rs 2,520 crore, up 14% YoY, and revenue of Rs 7,964 crore, up 15% YoY, for Q3 FY25. EBITDA grew 15% YoY to Rs 4,802 crore, with port and SEZ revenue at Rs 7,413 crore and other segments at Rs 893 crore. The company upgraded its FY25 EBITDA forecast to Rs 18,800-18,900 crore, reflecting confidence in future growth. This performance underscores its leadership in logistics and infrastructure.
| Metric | Q3FY25 (Rs crore) | Q3FY24 (Rs crore) | YoY Change |
|---|---|---|---|
| Consolidated Net Profit | 2,520 | 2,208 | +14% |
| Revenue from Operations | 7,964 | 6,920 | +15% |
| EBITDA | 4,802 | 4,186 | +15% |
| Port & SEZ Revenue | 7,413 | 6,358 | – |
Fast-Moving Consumer Goods (FMCG): Nestle India
Nestle India reported consolidated PAT of Rs 688 crore, up 5% YoY, and revenue of Rs 4,779.73 crore, up 3.9% YoY, for Q3 FY25. Standalone PAT was Rs 696 crore, up 6% YoY, with domestic sales revenue at Rs 4,566 crore, up 3.27% YoY. Despite rising raw material costs, the company achieved 3% volume growth, driven by strong performance in powdered and liquid beverages like Nescafe. This steady growth in a challenging FMCG market is notable, especially with an interim dividend of Rs 14.25 per share declared .
| Metric | Q3FY25 (Rs crore) | Q3FY24 (Rs crore) | YoY Change |
|---|---|---|---|
| Consolidated Net Profit | 688 | 655 | +5% |
| Revenue from Operations | 4,779.73 | 4,600.42 | +3.9% |
| Domestic Sales Revenue | 4,566 | – | +3.27% |
| Standalone Net Profit | 696 | – | +6% |
Comparative Analysis and Trends
Across sectors, banks like SBI and financial institutions showed high PAT growth, with IT and telecom also performing strongly. The metals sector benefited from global commodity price trends, while FMCG faced challenges from raw material costs, yet Nestle India maintained growth. This diversity highlights India’s economic resilience, with companies leveraging innovation, market expansion, and operational efficiency. The data, current as of February 28, 2025, reflects a positive outlook for FY25, with potential for sustained growth in Q4, pending macroeconomic factors.
Conclusion
The Q3 FY25 results underscore the strength of Indian companies across multiple sectors, with significant YoY growth in PAT and revenue. These performances not only reflect operational success but also contribute to broader economic confidence, offering insights for investors and stakeholders. The detailed statistics provided here offer a comprehensive view, ensuring transparency and depth in understanding India’s corporate landscape.