Market Movers: Avenue Supermarts, IREDA, M&M, Tejas Networks & More Post Q3 Results

• Avenue Supermarts' Q3 profit surged 18% to ₹856 crore; revenue up 13.3% to ₹18,101 crore.
• IREDA reported a 37.5% YoY net profit increase to ₹584.9 crore and NII grew 34.8% to ₹897.5 crore.
• M&M's total sales volume rose 27% YoY in December to 85,501 units, despite a decline in exports.
• Tejas Networks posted a Q3 loss of ₹196.55 crore due to weak sales and BSNL order postponement; revenue dropped 88%.
• Lemon Tree Hotels' board approved a scheme for Warburg Pincus to acquire APG's stake in Fleur Hotels and invest ₹960 crore.

Why It Matters: Key companies like Avenue Supermarts, IREDA, and M&M show strong Q3 growth, while Tejas Networks faces losses.