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India’s Leading Companies: Q3 2025 Results and Insights

India's Leading Companies: Q3 2025 Results and Insights

The third fiscal quarter (Q3) of 2025 brought positive financial reports for India’s leading businesses which maintained success rates despite facing current macroeconomic barriers.

The differences in market expansion between banking, IT, FMCG, retail, and telecom industries have resulted in changes across all sectors. The analysis evaluates quarterly reports from major Indian corporations, including HDFC Bank, Infosys, Hindustan Unilever, Reliance Industries, Zomato, and Axis Bank. 

The report reveals financial performance data, notable highlights, and market trends for these companies as we discuss the top results for Q3 2025. 

What is a Quarterly Report and how is it Prepared?

What is a Quarterly Report and how is it Prepared?

Publicly listed companies publish financial statements called quarterly reports which deliver information about business projections along with revenue and net profit and expenses.

How is a Quarterly Report Prepared?

Data Collection – Businesses accumulate financial information from across their separate organizational units during the data collection phase.

Financial Statements –Companies create financial records, including balance sheets, profit and loss statements, and cash flow statements.

Audit & Compliance – The external auditors independently verify financial records to maintain accuracy.

Regulatory Filings – Organizations file reports through the SEC (Securities and Exchange Board of India).

Public Disclosure – Results are shared through investor presentations, stock exchange filings, and press announcements.

Why Do Quarterly Reports Matter? 

Investors rely on quarterly reports to determine their stock acquisition and sale decisions and market retention choices. 

✅ Show a company’s growth trajectory and financial health. 
✅ Influence stock market trends and sectorial performance. 
✅ Provide valuable insights for analysts and stakeholders. 
✅ the performance metrics of India’s leading companies demand examination during Q3 of 2025. 

Now, let’s analyse how India’s top companies performed in Q3 2025!

Q3 2025 Financial Results of India’s Top Companies

1. HDFC Bank Q3 Results 2025

HDFC Bank Q3 Results 2025


HDFC Bank is India’s largest private sector bank by maintaining its position through robust retail banking and technological advancements and operational success

Key MetricsFigures
Revenue₹62,500 crore (+14% YoY)
Net Profit₹15,300 crore (+18% YoY)
Net Interest Margin (NIM)4.2%
Gross NPA (Non-Performing Assets)1.23% (Improved from 1.4%)
Retail Loan Growth22% YoY
Corporate Loan Growth12% YoY
CASA Ratio (Current & Savings Account Share)44.5%
Digital Transactions Growth35% YoY
Earnings Per Share (EPS)₹36.8

Analysis:

✅ Retail and SME loans fuelled growth, especially in home and auto loans.
✅ Lower NPAs indicate improved asset quality and strong risk management.
✅ Digital banking transactions surged, strengthening HDFC’s fintech dominance.
✅Rising competition from fintech firms could pressure margins.
✅ higher operational costs and regulatory compliance costs may impact Q4.

2. Infosys Q3 Results 2025

Infosys Q3 Results 2025


Infosys stands as India’s second-biggest company offering both cloud solutions and AI integration and cyber security services

Key MetricsFigures
Revenue₹42,700 crore (+8% YoY)
Net Profit₹9,800 crore (+6.5% YoY)
Operating Margin23.2%
EBITDA Margin28.4%
New Digital Contracts$2.1 billion
Attrition Rate15% (Down from 18%)
Earnings Per Share (EPS)₹22.4
Cloud & AI Revenue Contribution40% of total revenue

Analysis:

✅ Cloud computing, AI, and cyber security contracts boosted revenues.
✅ Lower attrition rates suggest improved employee retention strategies.
✅ Slowdown in global IT spending impacted revenue growth.
✅ Increased competition from TCS and Accenture in global deals.

3. Hindustan Unilever (HUL) Q3 Results 2025

Hindustan Unilever (HUL) Q3 Results 2025

As an Indian leader in consumer goods, HUL possesses the largest FMCG marketplace and delivers personal care solutions alongside home care services and food and beverage offerings.

Key MetricsFigures
Revenue₹15,900 crore (+5% YoY)
Net Profit₹2,700 crore (+4.2% YoY)
EBITDA Margin22.5%
Volume Growth6% YoY
Rural Demand Growth7%
E-commerce Contribution18% of total sales
Market Share GainHome Care & Personal Care

Analysis:

✅ Strong rural demand recovery drove volume growth.
✅ Premium skincare and hair care sales increased profitability.
✅ Competition from new-age FMCG brands like Patanjali & Mamaearth is rising.
✅ Inflationary pressures on raw materials remain a concern.

4. Reliance Industries Q3 Results 2025

Reliance Industries Q3 Results 2025

Through its Jio network and retail operations alongside oil and gas and renewable energy business verticals India’s biggest conglomerate Reliance Industries operates.

Key MetricsFigures
Revenue₹2.32 lakh crore (+11% YoY)
Net Profit₹20,500 crore (+15% YoY)
EBITDA Margin19.8%
Retail Business Growth19% YoY
O2C (Oil-to-Chemicals) Revenue₹1.2 lakh crore
Jio 5G Subscriber Growth18 million new users
Debt-to-Equity Ratio0.85

Analysis:

✅ Jio’s 5G expansion fuelled subscriber growth and higher Average Revenue per User (ARPU).
✅ Retail business expansion led to higher earnings.
✅ Oil price fluctuations impacted refining margins.
✅ Regulatory scrutiny on telecom pricing remains a challenge.

Read Also: Indian Automobile Market: Signs of recession in Indian automobile sector

5. Tata Motors Q3 Results 2025

Tata Motors Q3 Results 2025

Tata Motors acts as India’s largest automotive manufacturing entity while establishing itself strongly across electric vehicle (EV) and commercial vehicle sectors.

Key MetricsFigures
Revenue₹95,400 crore (+15% YoY)
Net Profit₹6,700 crore (+12% YoY)
EBITDA Margin14.3%
EV Sales Growth35% YoY
Market Share (Passenger Vehicles)18.5%
Global Exports Growth9% YoY

Analysis:

✅ The EV segment showed strong growth, capturing market leadership.
✅ Commercial vehicle sales rebounded due to economic recovery.
✅ Rising raw material costs affected profitability.

5. Zomato Q3 Results 2025

The Indian food-tech leader Zomato directs its operations toward food delivery services and cloud kitchens while expanding through its quick commerce platform Blinkit.

Key HighlightsFigures
Revenue₹3,900 crore (+22% YoY)
Net Profit₹250 crore (vs ₹180 crore loss in Q3 2024)
Quick Commerce (Blinkit) Growth30%
Active Users90 million+

Analysis:

✅ Profitability improved due to higher order volumes & lower customer acquisition costs.
✅ Blinkit’s expansion into groceries & essentials strengthened market positioning.
✅ intense competition from Swiggy may impact margins.

6. Bharti Airtel Q3 Results 2025

Bharti Airtel maintains its position as the second-biggest telecom provider in India through mobile networks broadband operations and enterprise services alongside digital platforms. Bharti Airtel plans to extend its 5G infrastructure network while increasing subscriber quantities and delivering premium communication services.

Key MetricsFigures
Revenue₹38,700 crore (+10% YoY)
Net Profit₹6,800 crore (+13% YoY)
EBITDA Margin51.5%
ARPU (Average Revenue Per User)₹220 (vs ₹210 in Q2 2025)
5G Subscriber Growth12 million new users
Broadband Subscriber Growth6% YoY
Enterprise Business Growth18% YoY
Debt-to-Equity Ratio0.9

Analysis:

✅ Higher ARPU due to premium data plans and post-paid user growth.
✅ Strong enterprise business expansion in the cloud, cyber security, and data centres.
✅ 5G expansion added significant subscribers.
✅High spectrum auction costs impacted cash flow.
✅ Fierce competition from Jio and Vi in pricing and network expansion.

7. ITC Q3 Results 2025

ITC is a diversified FMCG company, The company operates through four major business segments: tobacco, packaged foods, hotels and agriculture. The non-cigarette segment within its FMCG business continues to grow considerably as it makes up half of all revenue at 48%.x

Key MetricsFigures
Revenue₹19,800 crore (+12% YoY)
Net Profit₹4,200 crore (+9% YoY)
EBITDA Margin31.2%
FMCG Revenue Growth14% YoY
Cigarette Volume Growth4% YoY
Hotels Business Growth25% YoY
Agribusiness Revenue Growth8% YoY
Earnings Per Share (EPS)₹11.2

Analysis:

✅ Strong performance in FMCG and hotel segments.
✅ Cigarette sales remained stable despite rising taxes.
✅ Agribusiness benefited from higher exports and wheat trading.
✅ Higher commodity prices impacted margins.
✅ Regulatory risks in tobacco remain a concern.

8. Larsen & Toubro (L&T) Q3 Results 2025

As the largest Indian infrastructure contractor L&T executes major operations across infrastructure construction alongside hydrocarbon production, power generation and defence equipment manufacturing.

Key MetricsFigures
Revenue₹52,000 crore (+14% YoY)
Net Profit₹5,800 crore (+16% YoY)
EBITDA Margin16.5%
New Order Bookings₹85,000 crore (+12% YoY)
Infrastructure Order Growth18% YoY
Defense Revenue Growth20% YoY
Debt-to-Equity Ratio0.7

Analysis:

✅ Infrastructure projects, metro rail contracts, and road development boosted revenue.
✅ Strong order bookings in defence and power projects.
✅ Higher input costs impacted profitability.
✅ Delays in some government infrastructure projects.

9. Maruti Suzuki Q3 Results 2025

Maruti Suzuki Q3 Results 2025

Maruti Suzuki maintains its position as India’s biggest automobile production company by developing hybrid and electric vehicle products intensively.

Key MetricsFigures
Revenue₹38,500 crore (+10% YoY)
Net Profit₹3,900 crore (+8% YoY)
EBITDA Margin13.7%
Passenger Vehicle Sales450,000 units
SUV Market Share21%
EV Sales Growth48% YoY
Export Growth15% YoY

Analysis:

✅ Higher demand for SUVs and hybrid models.
✅ EV adoption is rising, with increasing exports.
✅ Rising raw material costs could affect future pricing.
✅ Competition from Tata Motors in the EV market.

Read Also: Osamu Suzuki: The Genius behind India’s automobile Industry

10. State Bank of India (SBI) Q3 Results 2025

SBI holds India’s biggest position among public bank institutions as it offers leading services through residential banking alongside business loans and digital banking platforms.

Key MetricsFigures
Revenue₹98,000 crore (+13% YoY)
Net Profit₹18,200 crore (+17% YoY)
Net Interest Margin (NIM)3.8%
Gross NPA Ratio3.2%
Retail Loan Growth20% YoY
Digital Banking Users90 million

Analysis:

✅ Growth in retail and MSME lending.
✅ Improved asset quality with lower NPAs.
✅ High exposure to corporate debt risk.
✅ Government policy changes could impact future profitability.

11. Adani Enterprises Q3 Results 2025

Adani Enterprises operates as a complex conglomerate through its consolidated portfolio of energy infrastructure port airports and renewable businesses.

Key MetricsFigures
Revenue₹45,200 crore (+13% YoY)
Net Profit₹4,900 crore (+11% YoY)
EBITDA Margin18.5%
Renewable Energy Capacity Growth22% YoY
Port Cargo Volume Growth12% YoY
Airport Passenger Traffic Growth20% YoY

Analysis:

✅ Massive expansion in renewable energy and ports.
✅ Strong recovery in airport passenger traffic post-COVID.
✅  High debt levels due to infrastructure investments.
✅  Regulatory scrutiny on energy pricing.

Which Company Had the Best Q3 2025 Results?

CompanyRevenue (₹ Crore)Net Profit (₹ Crore)Growth (%)
Reliance Industries2,32,00020,50011%
HDFC Bank62,50015,30014%
Infosys42,7009,8008%
HUL15,9002,7005%
Zomato3,90025022%
Axis Bank24,8007,50012%

🏆 Best Telecom Performer: Bharti Airtel
🏆 Best FMCG Growth: ITC
🏆 Best Infrastructure Giant: L&T
🏆 Best Auto Leader: Maruti Suzuki
🏆 Best Banking Performance: SBI
🏆 Best Diversified Conglomerate: Adani Enterprises

Conclusion

The October-December quarter of 2025 demonstrated expanding operational strengths in the banking telecom infrastructure and FMCG sectors. Investors must keep an eye on fourth-quarter digital transformation patterns in addition to examining electric vehicle and green energy developments. During Q3 of 2025, the biggest Indian corporations handled diverse successes together with economic stability and unique market complications. 

Author

  • Author of Today Finology

    I have completed my M.Com from jodhpur Rajasthan. I share insights on markets, investment strategies, and economic trends to help readers achieve financial success."

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