Diversified Sector — Q3 FY25 Earnings Overview
8 companies reported. 3 bullish, 5 neutral, 0 bearish.
Average revenue growth: 6.4%
Sector sentiment: neutral
Aggregate revenue: ₹2,35,600 Cr
Average margin: 4.9%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Bharat Petroleum Corporation | ₹1,27,521 Cr | — | — | neutral medium |
| Maruti | ₹36,800 Cr | +15.5% | — | neutral medium |
| Grasim | ₹34,793 Cr | +9% | — | neutral medium |
| Bajajfinsv | ₹32,042 Cr | +10% | 39.0% | neutral medium |
| TATA CONSUMER PRODUCTS | ₹4,444 Cr | +17% | — | neutral medium |
| Sbin | — | — | — | bullish high |
| Divislab | — | — | — | bullish medium |
| SBI Life Insurance Company | — | — | — | bullish high |
Key sector risks this quarter
Bajajfinsv · high
New surrender value guidelines have impacted product mix and distribution, with agency channel taking longer to adjust.
Bajajfinsv · highAllianz's intention to exit the JV is at preliminary stage; no details provided, creating strategic uncertainty.
Bharat Petroleum Corporation · highRussian crude processing may drop from 31% to ~20% in March due to sanctions, potentially reducing GRM benefits from discounts.
Bharat Petroleum Corporation · highBPCL has a net negative buffer of INR 7,228 crore from LPG under-recovery; if government does not compensate, earnings could be impacted.
Grasim · highKey inputs like pulp, caustic soda, and sulfur have risen over 10%, and price pass-through has been incomplete, pressuring margins.