Latest Rapid Results

9MFY25 & Q3FY25 Result Announced for ICICI Lombard General Insurance Company Ltd.

ICICI Lombard General Insurance Company announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

• GDPI of the Company was at Rs 62.14 billion in Q3FY25 as against Rs 62.30 billion in Q3FY24, a de-growth of 0.3%, as against the industry growth of 9.5%. Excluding the impact of 1/n, GDPI of the Company grew by 4.8% for Q3FY25.
• Combined ratio was at 102.7% in Q3FY25 as against 103.6% in Q3FY24.
• PBT grew at 67.3% to Rs 9.60 billion in Q3FY25 as against Rs 5.74 billion in Q3FY24.
• Capital gains was at Rs 2.76 billion in Q3FY25 as against Rs 1.08 billion in Q3FY24.
• PAT grew at 67.9% to Rs 7.24 billion in Q3FY25 from Rs 4.31 billion in Q3FY24.
• ROAE was at 21.5% in Q3FY25 compared to 15.3% in Q3FY24.

9MFY25 Financial Highlights:

• Gross Direct Premium Income (GDPI) of the Company was at Rs 206.23 billion in 9MFY25 compared to Rs 187.03 billion in 9MFY24, a growth of 10.3%, which was higher than the industry growth of 7.8%. Excluding the impact of 1/n, GDPI of the Company grew by 11.9% for 9MFY25.
• Combined ratio was at 102.9% for 9MFY25 compared to 103.7% for 9MFY24.
• Profit before tax (PBT) grew at 42.8% to Rs 26.53 billion in 9MFY25 as against Rs 18.57 billion in 9MFY24.
• Capital gains was at Rs 7.96 billion in 9MFY25 as against Rs 3.95 billion in 9MFY24.
• Consequently, Profit after tax (PAT) grew at 42.9% to Rs 19.99 billion in 9MFY25 as against Rs 13.99 billion in 9MFY24.
• Return on Average Equity (ROAE) was at 20.8% in 9MFY25 compared to 17.1% in 9MFY24
• Solvency ratio was 2.36x as at December 31, 2024 as against 2.65x as at September 30, 2024 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.62x as at March 31, 2024.

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Q3FY25 Quarterly Result Announced for Ramkrishna Forgings Ltd.

Industrial Products company Ramkrishna Forgings announced Q3FY25 results

Standalone Financial Highlights:

• Revenue from Operation: Rs 95,272 lakh, change 5.5% YoY.
• EBITDA & Margin: Rs 21,545 lakh, change 22.6% YoY, Margin 22.6% for Q3FY25.
• ROCE: 15.5% for Q3FY25.

Consolidated Financial Highlights:

• Revenue from Operation: Rs 1,07,378 lakh, change 7.9% YoY.
• EBITDA & Margin: Rs 23,152 lakh, change 5.4% YoY, Margin 21.6% for Q3FY25.
• ROCE: 15.5% for Q3FY25.

Naresh Jalan, Managing Director, Ramkrishna Forgings, said: We are pleased to report a strong performance in the third quarter with Consolidated Revenues higher by 8% on a YoY basis. This is despite de-growth growth in domestic CV volumes of 4%. Our growth has been driven by higher share of business across existing customers supported by ramp up of new components and order wins awarded in recent quarters. We have also witnessed sustained momentum in exports this quarter. In terms of order wins, we have received orders amounting to Rs 697 crore to be executed over a period of four years across from Non Auto segment including Railways.

The outlook remains exciting both for the near and medium term on the back of multiple growth levers of new products, new customers, new verticals being served and new capacities. We are set to commence offerings towards two-wheelers and passenger vehicles, in the coming months and quarters. This will enable further growth coming from the automotive sector, as we have not catered to these segments earlier. We are also excited by the prospects from new components as well as new assemblies. Capacity augmentation in cold forging and aluminum forging will aid growth, while newer, more automated lines and more value engineered lines, will enable higher value addition.

Our plan for streamlining of our subsidiaries is progressing well and we are set to scale up our offerings in casting which will complement our robust track record in forged products. With our recent entry into aluminum forging, we are also well positioned to address the opportunities from EV and hybrid vehicles. Our strategy of diversified growth, underpinned by a balanced approach to risk and return, will help us to drive sustained value creation for all stakeholders.”

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Q3FY25 Quarterly Result Announced for Indian Hotels Company Ltd.

Hotels company Indian Hotels Company announced Q3FY25 results

• 29% Revenue growth at Rs 2,592 crore, 32% EBITDA growth at Rs 1,020 crore.
• EBITDA margin of 39.4%, an expansion of 80 bps.
• PAT at Rs 582 crore, growth of 29% YoY.
• Sets new growth benchmark in 2024.

Puneet Chhatwal, Managing Director & CEO, IHCL, said: “Q3 marks eleven consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16% resulting in EBITDA margin of 40.9%. The revenue performance was driven by 40% increase in New Businesses, not like for like growth and double-digit growth in same store hotels led by 20% growth in the US portfolio. With the consolidation of air and institutional catering business, Revenue and PAT grew by 29% at Rs 2,592 crore and Rs 582 crore respectively. In Q4 and the subsequent quarters of the next financial year, the sector will continue to witness demand buoyancy on account of large-scale regional events, weddings and sustained transient travel.”

“In line with Accelerate 2030, IHCL sets a new growth benchmark with 55 signings and 20 openings till date this fiscal and 85% of these signings are capital light. With a portfolio of 360 hotels and an industry leading pipeline of 123 hotels, IHCL at this pace of growth is well poised to reach 700 hotels by 2030.”

Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said: “With continued demand buoyancy in the domestic market IHCL Standalone reported a revenue of Rs 1,517 crore, an increase of 15% over the previous year, EBITDA margin 47.8%, an expansion 240 basis points and a 23% growth in PAT at Rs 469 crore. Led by a broad-based business performance, IHCL Consolidated reported EBITDA margin of 39.4% an expansion of 80 bps resulting in a strong gross cash position as on 31st December of Rs 2,823 crore.”

“The company in January has acquired 55% shareholding in Rajscape Hotels, the brand holding company of Tree of Life and will form a part of IHCL Consolidated from Q4.”

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Q3FY25 Quarterly Result Announced for Wipro Ltd.

IT Consulting & Software company Wipro announced Q3FY25 results

• Gross revenue was at Rs 223.2 billion (USD 2,608.9 million), an increase of 0.1% QoQ and 0.5% YoY.
• IT services segment revenue was at USD 2,629.1 million, decrease of 1.2% QoQ and 1.0% YoY.
• Non-GAAP constant currency IT Services segment revenue increased 0.1% QoQ and decreased 0.7% YoY.
• Total bookings was at USD 3,514 million. Large deal bookings was at USD 961 million, an increase of 6.0% YoY in constant currency.
• IT services operating margin for the quarter was at 17.5%, an increase of 0.7% QoQ and 1.5% YoY.
• Net income for the quarter was at Rs 33.5 billion (USD 392.0 million), an increase of 4.5% QoQ and 24.5% YoY.
• Earnings per share for the quarter was at Rs 3.21 (USD 0.04), an increase of 4.6% QoQ and 24.4% YoY.
• Operating cash flows of Rs 49.3 billion (USD 576.4 million), an increase of 3.0% YoY and at 146.5% of Net Income for the quarter.
• Voluntary attrition was at 15.3% on a trailing 12-month basis.
• Interim dividend declared of Rs 6 (USD 0.070) per equity share/ADS.
• Capital allocation policy revised to increase the payout percentage from 45% - 50% to 70% or above of the net income cumulatively on a block of 3-year period.

Srini Pallia, CEO and Managing Director, said: “In a seasonally weak quarter, our strong in quarter execution helped us deliver above the top end of our revenue guidance. We also achieved our highest margins in the past three years while continuing to invest in our people. We closed 17 large deals with a total value of USD 1B. We are advancing steadily and investing decisively to lead our clients in an AI-driven future.”

Aparna Iyer, Chief Financial Officer, said: “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5%. Our EPS grew 24.4% YoY and operating cash flow was at 146.5% of net income. We are pleased to share that the board has approved our revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of 3 years. In addition, board has also declared an interim dividend of Rs 6 per share.”

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