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Q3 Results Impact: Havells India Shares Drop 7%; Aarti Surfactants, Tips Music Jump
Last Updated: 21st January 2026 - 02:40 pm
Summary:
Havells India shares drop 7% post-Q3 profit miss on January 20, while Aarti Surfactants surges 20% and Tips Music rises 3% on strong earnings.
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On January 20, Havells India shares fell by more than 7% to close at ₹1,344.90 after its Q3 results were worse than expected. Aarti Surfactants' shares increased by 20% and hit the upper circuit at ₹459.10, while Tips Music increased by more than 3% to ₹536.10.
All three companies released their earnings for the October-December quarter on January 19, and Havells announced an interim dividend of ₹4 per share with a record date of January 23.
The stock price reactions were primarily related to the results being mixed.
Havells India Profit Miss
Havells India reported a standalone net profit of ₹301.36 crores, which was up almost 7% year-on-year, but down 5% quarter-on-quarter. Revenue from operations was up by more than 14% to ₹5,573.44 crores.
Havells' margins were affected by pressure on the cables and wires segment, Lloyd, and other segments. The company's cost of copper and aluminium is increasing and presents a challenge for the future.
The dividend payment will help offset some of the stocks decline.
Aarti Surfactants Strong Surge
Aarti Surfactants reported a net profit increase of 358% over the previous year to ₹3.66 crores, while revenue from operations was up around 28% to ₹207.79 crores.
The company's strong performance across operations was the reason for the large increase in the stock price. The solid growth shown by Aarti Surfactant's operations indicates that demand in its sector remains robust.
Tips Music Steady Gain
The net profit for Tips Music increased by almost 37% to ₹58.66 crore compared to this time last year. The operating revenue has increased by more than 21% to ₹94.29 crore as a result of excellent content and distribution activity. Their share gain of 3% reflects a favourable reaction from shareholders about their performance.
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