📊Q4FY25 Earnings Review April 22: HCL Tech, Havells, Waaree Energies, AU Small Finance Bank, Tata Communications, and More

Priyanshu Gupta
Priyanshu Gupta
••6 min read
📊Q4FY25 Earnings Review April 22: HCL Tech, Havells, Waaree Energies, AU Small Finance Bank, Tata Communications, and More

The latest financial results from leading companies such as HCL Technologies, Havells India, Waaree Energies, AU Small Finance Bank, and others highlight both opportunities and challenges in the Indian market. Let’s take a closer look at their performance and what it means for investors.

📊 HCL Technologies

Rating: ⭐⭐⭐⭐ (4/5) — Strong growth despite challenges
Net Profit: ₹4,307 crore (▲8% YoY)
Revenue: ₹30,246 crore (▲6% YoY)
Dividend: ₹18/share

✅ What’s Working:

  • Consistent revenue and profit growth.
  • Solid digital revenue performance, growing 12.6% YoY.
  • Stable EBIT margins, despite a slight decline in QOQ comparison.

❌ What’s Not:

  • Slight dip in quarterly revenue on a constant currency basis.
  • Broader market challenges affecting long-term growth predictions.

🔮 Outlook: HCL Technologies remains a fundamentally strong business, with steady growth, high return ratios, and consistent shareholder returns. Despite global economic challenges, HCL's position in the IT sector makes it a solid choice for long-term investors.

⚡ Havells India

Rating: ⭐⭐⭐ (3/5) — Strong FY25 results, but short-term caution needed
Net Profit: ₹517 crore (▲15.7% YoY)
Revenue: ₹6,543 crore (▲20.24% YoY)
Dividend: ₹7/share

✅ What’s Working:

  • Strong revenue growth in key segments.
  • Expansion in non-cooling product lines, particularly cables.
  • Successful investments in growth pillars like Goldi Solar.

❌ What’s Not:

  • Weak demand for air conditioners due to a mild start to summer, especially in Southern India.
  • Lowered EPS estimates from analysts and cautious short-term outlook.

🔮 Outlook: While Havells remains one of India's largest FMEG companies, its near-term performance may face some headwinds, especially due to weaker cooling product sales. Investors should closely monitor seasonal demand fluctuations.

🌞 Waaree Energies

Rating: ⭐⭐⭐⭐⭐ (5/5) — A shining star in the renewable sector
Net Profit: ₹649 crore (▲35% YoY)
Revenue: ₹4,003 crore (▲36.4% YoY)
EBITDA: ₹1,059 crore (▲116% YoY)

✅ What’s Working:

  • Exceptional growth in both net profit and revenue.
  • Strong performance in solar module production, with an increased capacity to 7.13 GW.
  • Robust order book of 25 GW valued at ₹47,000 crore.

❌ What’s Not:

  • Pressure on margins in the near term due to cost fluctuations in raw materials.

🔮 Outlook: Waaree Energies is a powerhouse in the renewable energy space, with a significant focus on solar power. With its impressive order book and growth trajectory, the company looks poised for strong growth in FY26 and beyond.

🏦 AU Small Finance Bank

Rating: ⭐⭐⭐⭐ (4/5) — Resilient growth despite credit cost concerns
Net Profit: ₹504 crore (▲18% YoY)
Revenue: ₹2,094 crore (▲57% YoY)
NIM: 5.8%

✅ What’s Working:

  • Significant improvement in net interest income (NII).
  • Improved asset quality, with lower non-performing assets (NPA).
  • Strong loan growth (20% YoY).

❌ What’s Not:

  • Elevated credit costs due to unsecured retail loans.
  • Market uncertainty leading to conservative growth outlook.

🔮 Outlook: AU Small Finance Bank's strong fundamentals and impressive growth in loans and deposits make it a good candidate for long-term investment. However, investors should be cautious of potential credit risks and margin pressures in the near term.

📡 Tata Communications

Rating: ⭐⭐⭐⭐ (4/5) — Strong performance bolstered by exceptional gains
Net Profit: ₹761 crore (▲115% YoY)
Revenue: ₹5,990 crore (▲6% YoY)

✅ What’s Working:

  • Strong growth in demand for data services and a profitable land sale.
  • Solid dividend payout and focus on strategic investments in networking and cloud.
  • Guidance for improved profit margins.

❌ What’s Not:

  • Declining performance from certain subsidiaries, leading to a cautious outlook.
  • High debt levels that need to be managed carefully.

🔮 Outlook: Tata Communications is strategically focusing on growth areas like networking, cybersecurity, and cloud services. Despite some challenges, the company’s long-term prospects look solid, driven by its position in the digital infrastructure space.



🎲 Delta Corp

Rating: ⭐⭐⭐ (3/5) — Exceptional gains offset mixed segment performance
Net Profit: ₹165 crore (▲127% YoY)
Revenue: ₹182.65 crore (▼1.2% YoY)
Dividend: ₹1.25/share

✅ What’s Working:

  • Strong profitability driven by exceptional gains from Deltatech Gaming stake sale.
  • Robust hospitality revenue growth.

❌ What’s Not:

  • Declining casino gaming revenue.
  • Weak standalone results due to reduced operations in certain segments.

🔮 Outlook: Delta Corp's diversified business model, including casinos and hospitality, has delivered strong profitability, but the slowdown in gaming revenue could pose risks. Investors should watch for developments in its non-gaming operations.

Final Word

The financial results from these companies reflect a mixed but promising outlook. HCL Technologies, Waaree Energies, and AU Small Finance Bank shine with strong growth and fundamentals, while Havells and Delta Corp face near-term challenges. Tata Communications' strategic focus on networking and cloud also positions it for future success.