Fri Feb 07 10:31:10 UTC 2025: ## Mixed Q3 Results for Indian Companies: DreamFolks, Borosil Show Revenue Growth but Profitability Dips

**Mumbai, [Date]** – The Indian market saw mixed results from several companies in the third quarter of the fiscal year, with some reporting strong revenue growth but lagging profitability. DreamFolks Services, a travel services provider, saw an 11.5% year-on-year (YoY) increase in revenue to Rs 340 crore, but its net profit dipped by 14.9% to Rs 17.1 crore, and EBITDA margin contracted to 6.7% from 8.9%. Despite the lower profit, the company’s shares closed 1.89% higher on the NSE.

Borosil, a glassware manufacturer, also reported strong revenue growth of 11.3% YoY to Rs 338 crore, but its net profit declined by 4.9% to Rs 35.5 crore, with EBITDA margin falling to 16.1% from 19%.

In contrast, Latent View Analytics, a data analytics firm, showed positive quarter-on-quarter (QoQ) results, with a 5% increase in net profit to Rs 41.9 crore and a 9% rise in revenue to Rs 228 crore.

Meanwhile, Mahindra & Mahindra (M&M) provided an update on its performance, noting a changing cost landscape due to unfavorable exchange rates and raw material inflation. The company is revising its margin calculation method for electric vehicles from Q4 onwards and anticipates benefits from income tax relief and potential RBI rate cuts to boost sales, particularly of its 3XO petrol model. M&M highlighted that rural and urban demand remain balanced, unlike other sectors where rural demand has outperformed. The company’s group CEO, Anish Shah, expressed confidence in the ongoing turnaround at Tech Mahindra and Mahindra Finance.

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