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PRE-MARKET REPORT
The Indian stock market benchmark indices Sensex and Nifty 50 are likely to face volatility on Saturday, as the Union Budget 2025-2026 is announced in Parliament today.
The trends on Gift Nifty indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,533, a discount of nearly 87 points from the Nifty futures’ previous close.
The Indian stock and commodity markets are open today, as the BSE, NSE, and MCX have announced a special trading session on Budget Day.
On Friday, the domestic equity market indices ended with substantial gains, with the Nifty 50 closing above the 23,500 level.
STOCKS TODAY
ONGC: Oil and Natural Gas Corporation (ONGC) reported a net profit of ₹8,240 crore in Q3FY25, falling short of the CNBC-TV18 poll estimate of ₹9,484 crore. On a quarter-on-quarter (QoQ) basis, net profit declined 31.2 percent from ₹11,984 crore in Q2FY25. The PSU oil major’s revenue stood at ₹33,716.8 crore, reflecting a marginal decline of 0.5 percent QoQ from ₹33,881 crore, though it exceeded the poll estimate of ₹31,700 crore.
Sun Pharma: Sun Pharmaceutical Industries reported an 18.6 percent year-on-year (YoY) rise in net profit to ₹3,033 crore for Q3FY25, up from ₹2,557.6 crore in the same quarter of the previous fiscal. This exceeded the CNBC-TV18 poll estimate of ₹2,879.3 crore. Revenue from operations grew 10.5 percent YoY to ₹13,675.4 crore from ₹12,381 crore in the corresponding period of the previous fiscal.
IndusInd Bank: IndusInd Bank posted a 39 percent YoY decline in standalone net profit for Q3FY25, coming in at ₹1,401 crore, compared to ₹2,298 crore in the same period last year. The private lender’s interest income stood at ₹12,801 crore, marking an 11 percent increase over ₹11,572 crore in Q3FY24. On a consolidated basis, profit after tax (PAT) fell 39 percent YoY to ₹1,402 crore from ₹2,301 crore in the year-ago period. Meanwhile, net interest income (NII) declined to ₹5,228 crore in Q3FY25 from ₹5,296 crore in Q3FY24.
Vedanta: Vedanta Ltd reported a 76 percent YoY increase in its consolidated net profit for Q3FY25, reaching ₹3,547 crore. Revenue from operations rose 10 percent YoY to ₹38,526 crore, while consolidated EBITDA surged 30 percent YoY to ₹11,284 crore. Margins improved by 517 basis points (bps) YoY to 34 percent. Executive Director Arun Misra attributed the strong performance to cost optimization and production ramp-up across key business segments.
LIC Housing Finance: The company’s net profit stood at ₹1,432 crore in Q3FY25, marking a 23.1 percent increase from ₹1,163 crore in the same period last year. However, NII came in at ₹1,997.1 crore, missing the poll estimate of ₹2,028 crore and recording a 4.8 percent decline from ₹2,097 crore in Q3FY24. The company reported a write-back of ₹43.98 crore, in contrast to an impairment expense of ₹435.83 crore in the year-ago period.
IRB Infrastructure Developers: IRB Infrastructure Developers posted a 2.9 percent YoY rise in revenue, reaching ₹2,025.4 crore in Q3FY25, compared to ₹1,968.5 crore in the same quarter last year. EBITDA increased 13.2 percent YoY to ₹984.1 crore from ₹869.2 crore in Q3FY24. The EBITDA margin improved to 48.6 percent from 44.2 percent in the year-ago period.