Indian markets were trading lower on Friday with NSE Nifty down by 0.4 percent at the time of publication of this report. Suzlon Energy was among major gainers after the company reported strong numbers. The stock is currently trading above any major resistance levels and we could see re-rating for the company. Indian markets are expected to remain range-bound today and we can see some recovery in the afternoon session. Companies like Suzlon Energy and Sobha Ltd delivered robust profitability, while Ola Electric and Mazagon Dock Shipbuilders struggled under pressure. With critical sectors such as energy, mobility, infrastructure, and jewelry retail reporting mixed results, Q4FY25 offered a compelling view into shifting demand patterns, export resilience, and operational headwinds. This article dissects the earnings reports of key players and what their results suggest for the broader economy and investor sentiment.

Suzlon Energy Stuns With 365% YoY Profit Growth

Suzlon Energy emerged as the quarter’s standout performer. The renewable energy firm reported a net profit of Rs 1,181 crore for the March quarter, marking a staggering 365% year-on-year jump from Rs 254 crore a year ago.

Revenue from operations rose by 73% YoY to Rs 3,774 crore, underlining a sharp scale-up in wind energy installations and project execution.

The company’s focus on cost efficiency and capital restructuring continues to pay dividends as it repositions itself at the center of India’s green energy transition.

Ola Electric's Losses Deepen Despite EV Sector Growth

Despite operating in India’s booming EV landscape, Ola Electric posted a sobering update for Q4FY25. The electric two-wheeler manufacturer recorded a net loss of Rs 870 crore, more than doubling its loss of Rs 416 crore in the same quarter last fiscal.

The steep decline in topline revenues highlights operational inefficiencies and rising cost pressures.

As demand for EVs grows, the company’s widening losses raise questions about scalability, product margins, and post-sales infrastructure.

Bajaj Auto Rides Exports and Forex Gains to Beat Domestic Slowdown

Bajaj Auto, one of India’s leading two-wheeler and three-wheeler manufacturers, posted a 6% increase in net profit to Rs 2,049 crore in the March quarter, compared to Rs 1,936 crore last year.

The growth came despite domestic market softness, buoyed by higher motorcycle exports and favorable foreign exchange gains.

The firm’s global diversification continues to buffer its bottom line even as domestic volumes stagnate.

Mazagon Dock Shipbuilders’ Profit Plunges 51%

Mazagon Dock Shipbuilders, a key defense PSU, saw its Q4FY25 net profit halve to Rs 325.3 crore, down from Rs 663 crore in the year-ago period—a drop of over 51%.

The steep decline underscores the volatility inherent in project-based defense revenues.

Despite the shortfall, the company maintains a strong order book, ensuring medium-term visibility, though execution and margin stability remain concerns.

Senco Gold Shines With 94% Profit Growth

Jewelry retailer Senco Gold delivered a glittering performance in the March quarter, registering a 94% increase in net profit to Rs 62 crore, up from Rs 32 crore last year.

Revenue also surged 21%, rising to Rs 1,378 crore, supported by robust demand during the wedding season and festive months.

Strategic store expansions and premium design offerings have helped strengthen its market position amid rising consumer affluence.

Sobha Ltd Sees Profit Multiply Nearly Sixfold

Real estate developer Sobha Ltd posted a sharp rise in profitability, with Q4 net profit reaching Rs 40.85 crore, up from Rs 7.02 crore in the previous year—a jump of over 480%.

The surge was driven by higher revenue recognition and improved execution of residential projects.

With India’s housing market stabilizing, especially in urban hubs, Sobha’s strong quarterly earnings signal a favorable trajectory for FY26.

Samvardhana Motherson Reports Drop in Profit Despite Revenue Growth

Samvardhana Motherson International, a major auto components manufacturer, reported a 22.75% decline in consolidated PAT, landing at Rs 1,115.38 crore for the March quarter.

Despite the profit dip, revenue rose 8.34% YoY to Rs 29,316.83 crore, suggesting that cost escalations, integration challenges, or margin compression may have impacted profitability.

The company’s global footprint and recent acquisitions make it a long-term growth story, albeit with short-term financial strain.