Titan shares slide over 3% post Q3 results; Tata Power up 4%

Shares of Tata group companies Titan and Tata Power remained in focus on Wednesday after they released their December quarter earnings post market hours yesterday. While Titan share price dropped over 3% in the first hour of trade, Tata Power stock gained nearly 4% in an otherwise muted broader market.

Reacting to Q3 numbers, Titan Company shares opened lower at ₹3,574, down 0.6% against the previous closing price of ₹3,599.15 on the BSE. Extending opening losses, the Tata group stock slipped 3.5% to hit a low of ₹3,472, while the market capitalisation dropped to ₹3.09 lakh crore.

Titan share price has risen over 8% in the calendar year 2025, while it added over 4% in six months, and 1% in the past one month. The jeweller and watchmaker has given flat return in the last one year. It touched a 52-week high of ₹3,866.15 on September 30, 2024, and a 52-week low of ₹3,059 on June 4, 2024.

On the other hand, Tata Power share price surged as much as 3.54% to hit a high of ₹375 on the BSE, while the market cap climbed to 1.18 lakh crore. Early today, the power stock opened 2.1% higher at ₹369.85, from Tuesday’s closing level of ₹362.15.

The power heavyweight has delivered a negative return of 6% to its shareholders in the last one year, while it lost over 14% in six months, and nearly 2% in a month. Tata Power shares touched its 52-week high of ₹494.85 on September 27, 2024, and a 52-week low of ₹338.50 on January 13, 2025.

Here’s how Titan and Tata Power performed in Dec quarter

For the third quarter ended December 31, 2024, Titan, which makes jewellery, watches and eyewear, reported net profit of ₹1,047 crore, marginally down from ₹1,053 crore posted in the year-ago period, mainly due to inventory losses amid cut in customs duty on gold imports. The total income, however, rose 25.5% to Rs ₹17,723 crore in Q3 FY25, compared with ₹14,122 crore in the corresponding period last year. On the operating front, Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) rose 2.8% YoY to ₹1,641 crore, but margin declined by 210 basis points to 10.1% in Q3 FY25.

"The custom duty related losses on the inventory (held at the time of the duty change) have been fully realised in this quarter and hence the profitability is lower to that extent,” says CK Venkataraman, managing director, Titan.

Meanwhile, Tata Power posted profit after tax (PAT) of ₹1,188 crore in the October-December 2024 quarter, up 10% YoY from ₹1,076 crore in Q3 FY24, primarily on the back of good contributions and operational efficiency across businesses. The revenue from operations rose marginally by 2% to ₹15,118 crore from ₹14,841 crore in the year-ago period. The company's consolidated EBITDA during the third quarter rose 7% to ₹3,481 crore.

As of December 31, 2024, Tata Power’s operational capacity stood at 6.7 GW in the clean and green segment, generating 11,700+ MUs of green power. Another 10 GW of projects are under execution and are poised to take its total clean energy capacity to 16.7 GW.  

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