
Ambuja Cements reported a 156% year-on-year increase in its consolidated net profit for the third quarter of fiscal year 2025, attributed to volume growth, one-time tax-related reversals, and government incentives. Morgan Stanley maintained a 'Buy' rating with a target price of ₹675, noting that the bottom-line beat was driven by one-off items and better-than-expected realizations. In a separate report, Brigade Enterprises announced a consolidated net profit of ₹236.24 crore for the December quarter, representing a more than three-fold increase compared to the previous year, driven by strong demand for residential and commercial properties. Brigade Group's consolidated profit after tax also grew by 322.15% year-on-year to ₹235.5 crore in Q3 FY25. Meanwhile, GAIL India saw a decline in pre-tax adjusted profit due to higher costs and muted volume growth, while Shree Cement reported a 72.5% drop in Q3 profit amid weak demand and pricing pressures. Tata Consumer Products missed profit estimates due to rising tea prices, and Jindal Steel and Power faced a slump in profits due to weak demand.







Kalyan Jewellers India Q3 (Consolidated YoY) Profit zooms 21.2% to Rs 218.8 crore Vs Rs 180.6 crore Revenue surges 39.5% to Rs 7,286.9 crore Vs Rs 5,223.1 crore
Nuvama on L&T: Maintain Buy, target price ₹4,000, strong order inflows and execution, margins may take time to improve.
Nuvama on #GAIL: Maintain Reduce, target price ₹159, NG marketing earnings volatility to persist, EBITDA down 26% YoY.