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2025-04-25 10:21:14 am | Source: HDFC Securities Ltd
Market Roundup: SBI Life, TechM, HUL, Hero Moto, Airtel, Prestige IPO & More - HDFC Securities
Market Roundup: SBI Life, TechM, HUL, Hero Moto, Airtel, Prestige IPO & More  - HDFC Securities

SBI Life Insurance Q4FY25 result update

SBI Life Insurance reported a marginal 0.3% YoY increase in net profit for Q4FY25, reaching Rs 813.5 crore. While net premium income saw a 5% decline, the company experienced growth in firstyear and renewal premiums. SBI Life retained its leadership in Individual Rated Premium with a 22.8% market share and AUM rose 15% to Rs 4.48 lakh crore.

SBI Cards and Payment Q4FY25 result update

SBI Card reported a 19% YoY decline in profit to Rs 534 crore in the March quarter, on account of a rise in defaults. However, NII rose 14.5% to Rs 1620 crore. GNPA declined 16 bps to 3.08% while NNPA increased 27 bps to 1.46%.

Hero Motocorp

The Company announced the launch of four new products – Xoom 110 scooter, Hunk 160R 4V, Xtreme 125R and HF Deluxe motorcycles in partnership with its long-standing distributor, Abans Auto in Sri Lanka. Its sales and service network would reach over 500 customer touchpoints across the country by May 2025.

HUL Result Update

Q4FY25 results were broadly in line with estimates. Volume grew 2% vs our expectation of 0-1% owing to a greater focus on volume growth via price corrections. Home care and beauty & well-being drove the growth while personal care and F&R disappointed. Gross margin contracted by 156bps YoY despite persistent inflationary pressures in palm oil (up 54% YoY) and tea (up 55% YoY), but this was partially offset by the benign crude oil price

Nestle Result Update

Nestlé’s 4QFY25 results were marginally ahead of our expectations, surprising us on the profitability front. The company reported 2% volume growth, net sales were up by 3.7% YoY whereas net profit was down by 4.2% YoY. EBITDA margin contracted by c20bps YoY to 25.5%; the contraction was less than the GM contraction due to a one-off via high other operating income

Prestige Estates

Prestige Estates' PRESTIGE hospitality business, Prestige Hospitality Ventures filed for a 27 billion rupees (about $317 million) initial public offering, according to draft papers released on Thursday. The offer will be a combination of a fresh issue of up to Rs 1,700 crore, and an additional stake sale by promoter Prestige Estates Projects Ltd., according to the draft red herring prospectus.

CONCOR, GAIL

Container Corporation of India Ltd (CONCOR), under the Ministry of Railways, and GAIL (India) Ltd, under the Ministry of Petroleum & Natural Gas, have signed a Memorandum of Understanding (MoU) to develop LNG infrastructure across CONCOR terminals nationwide.

Bharti Airtel

Bharti Airtel Ltd has urged the department of telecommunications (DoT) to convert its adjusted gross revenue (AGR) dues into equity. The company owes the government about Rs 52,000 crore towards spectrum dues and Rs 40,000 crore in terms of adjusted gross revenue (AGR) dues. In the telecom sector, there are certain regulatory payments that an operator has to make to the government for licence, etc., as a percentage of their AGR. Spectrum purchase payment is additional.

Telecom

The satcom industry has urged the Department of Telecommunications (DoT) to speed up provisional allotment of satellite spectrum, a move that will allow Bharti Group-backed Eutelsat OneWeb and the Reliance Jio-SES combine--which have government clearance--to introduce satellite internet commercially in India.

Vodafone Idea (Vi)

Cisco has bagged a networking gear deal from telecom firm Vodafone Idea to boost its 4G and 5G services. Vodafone Idea (Vi) last year announced an investment of Rs 30,000 crore in network expansion for which it has already roped in Nokia, Ericsson and Samsung

Zensar Technologies Q4FY25 result preview

Zensar Tech could report 2.9% QoQ and 11% YoY revenue growth to Rs 1,364 crore in Rupee terms. The company could report net profit at Rs 160 crore in Q4FY25. EBIT margin could decrease by 110bps QoQ and 190bps YoY to 12.7%. The management commentary on organic revenue growth, deal pipeline, update on order execution, and outlook on digital acceleration across the geographies would be key monitorables.

Tech Mahindra Q4FY25 results- Highlights

Tech Mahindra revenue was almost inline with estimates and profit was above expectations in Q4FY25 led by robust performance across segments and geographies. Consolidated revenue was by 0.7% QoQ and 4% YoY to Rs 13,384 crore. EBIT increased by 2.1% QoQ and 116% YoY to Rs 1378 crore in Q4FY25, supported by lower subcontracting costs. EBIT margin ramped up to 10.3% in Q4FY25 vs. 5% in Q3FY25 and 10.2% in Q4FY24. Net Profit grew by 15.5% QoQ, and 71.9% YoY to Rs 1142 crore and PAT margin stood at 8.5% in Q4FY25 vs.7.4% in Q3FY25 and 5.2% in Q4FY24.

Kirloskar Pneumatic Ltd

Standalone revenue stood at Rs 588.3 crore growing by 19% YoY. EBITDA was up by 23.3% YoY to Rs 109.9 crore and EBITDA margin stood at 18.8% in Q4FY25 vs. 18.7% in Q4FY24. Net profit stood at Rs 80.6 crore in Q4FY25 vs. Rs 60.2 crore in Q4FY24 (+34% YoY). OB stood at Rs. 1,624 cr as on 1st April 2025 (+10% from 1st April 2024) 

LTTS Q4FY25 resultsHighlights

LTTS’s numbers were below expectations in Q4FY25, and based on the large deal bookings closed during the quarter, FY26E will be a better year than FY25. Consolidated revenue grew by 12.4% QoQ and de grew by 17.5% YoY to Rs 2,982 crore, driven by broad-based growth across segments and geographies. EBIT was down by 6.6% QoQ and 8.4% YoY to Rs 394 crore and EBIT margin slipped by 270bps QoQ and 370bps YoY to 13.2% in Q4FY25. Net Profit decreased 2.9% QoQ and 9.4% YoY to Rs 310 and net profit margin was down by 160bps sequentially and 310bps YoY to 10.4% in Q4FY25

Swiggy

Swiggy has joined hands with TWID introduced ‘Pay with Rewards’, a payment option that enables users to pay for their food, grocery, and convenience orders using accumulated loyalty points

Eternal

Rakesh Ranjan to step down as food delivery chief, CEO Deepinder Goyal to run operations until a successor is named. The leadership change comes during a broader food delivery slowdown and internal reconstructuring at the firm.

Macrotech Developers

Macrotech Developers, has reported 71% rise in net profit for the financial year 2024-25 at Rs 2,770 crore. Total revenue for the year grew 34% to Rs 13,780 crore supported by best-ever quarterly and annual pre-sales performance.

Power Grid

The company’s subsidiary, POWERGRID Energy Services, has put an 85 MW solar PV power plant in Ujjain, Madhya Pradesh, into commercial operation effective April 24.

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