Page 19 - Corporate Earnings

SoftBank posts loss of $2.4 bn in Q3 on fall in 'Vision Fund' valuations

In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang, Chinese ride-hailing firm Didi Global and AutoStore Holdings

Weak earnings, slow execution play spoilsport for Power Grid Corporation

The company has set a capex target of ₹23,000 crore and a capitalisation goal of ₹18,000 crore for FY25

Ashoka Buildcon Q3FY25 results: Profit grows multifold to Rs 654.51 crore

The company's revenue, however, declined by 10.13 per cent Y-o-Y

Nykaa Q3FY25 results: Net profit increases 51.3% to Rs 26.41 crore

The net profit of FSN E-Commerce Ventures -- the parent firm of Nykaa -- came in at Rs 26.41 crore in Q3FY25, against Rs 17.45 crore in the year ago period

Grasim Industries Q3 results: Net profit plunges 40% to Rs 899 crore

In the quarter under review, Grasim's consolidated net profit stood at Rs 899 crore, against Rs 1,514.4 crore a year ago

Satin Creditcare Network Q3 results: Net profit down 87% at Rs 14 crore

Its net interest income (NII) on a consolidated basis increased by 20 per cent Y-o-Y to Rs 420 crore in Q3FY25, compared to Rs 349 crore in Q3FY24

Gillette India Q2 results: Net profit rises 21.18% to Rs 125.97 crore

Sales rose 7.21% to Rs 685.55 crore in the quarter ended December 2024 as against Rs 639.46 crore during the previous quarter ended December 2023

Varun Beverages Q4 results: Net profit rises over 40% to Rs 185 crore

Revenue from operations rose 39.8 per cent to nearly Rs 3,818 crore, while expenses jumped 41.3 per cent due to an increase in the costs of raw materials

Monetary easing helps, yet mkts take their cue from earnings: Gautam Duggad

Duggad says the benefits of the ₹1 trillion tax stimulus announced in the Union Budget will start to take effect from the first quarter (Q1) of 2025-26 (FY26)

Godrej Properties Q3 results: Net debt down 49% to Rs 3,848 crore

Godrej Properties Ltd has reduced its net debt by 49 per cent to Rs 3,848 crore during the latest quarter ended December on the back of strong internal cash flow and equity fund raising. Its net debt stood at Rs 7,572 crore as on September 30, 2024, according to the company's latest investors presentation. Pirojsha Godrej, Executive Chairperson of Godrej Properties, said, "We raised Rs 6,000 crore during the third quarter through Qualified Institutional Placement (QIP) route for growth capital". The company's net debt-to-equity ratio has come down to 0.23, he added. Pirojsha said the company would be utilizing this fund to acquire land across major cities to expand its business. As per the presentation, Godrej Properties' collections of funds from customers against pre-sales rose 27 per cent to Rs 3,069 crore during the third quarter of the 2024-25 fiscal, thereby improving the company's internal cash flow situation. Godrej Properties is one of the leading real estate developers

LIC's Q3 FY25 results: Net profit rises 17% to Rs 11,056.5 crore

Its expenses declined 20.76 per cent Y-o-Y to Rs 14,415.80 crore, aided by a nearly 30 per cent drop in employee-related expenses

Ola Electric Q3 results: Company reports a wider loss of Rs 564 crore

SoftBank-backed firm reported a loss of Rs 564 crore ($64.51 million) in the October-to-December quarter, compared to a loss of Rs 376 crore a year earlier

ITC Q3 results: Net profit drops 7.5% to Rs 4,935 crore, revenue rises 8%

Early signs of recovery in urban demand, says ITC

Q3 results review: Low core income, slippages hit banks' profitability

The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially

Aurobindo Pharma Q3FY25 results: PAT falls 10% to Rs 845.56 crore

Company board approves purchase of 80 per cent share in step-down subsidiary Tergene Biotech

NMDC Q3 results: Net profit grows 29% to Rs 1,897 cr; production rises 9%

State-owned NMDC on Thursday reported a 29 per cent rise in consolidated net profit to Rs 1,896.66 crore in the October-December quarter of 2024-25, mainly driven by higher income. It had reported a profit of Rs 1,492.73 crore in the October-December period of 2023-24. Total income rose by 21 per cent to Rs 6,942.92 crore in the third quarter of FY25 compared to Rs 5,746.47 crore in the year-ago period, the company said in an exchange filing. Total production in the quarter rose by 9 per cent to 13.29 million tonnes (MT) over 12.22 MT in the same quarter last year. Sales rose by 5 per cent to 11.94 MT in the December quarter from 11.39 MT in Q3FY24. NMDC CMD Amitava Mukherjee said, "We have entered the fourth quarter of FY25 on a strong momentum. Despite challenges faced this financial year, NMDC's results remain positive on a sequential basis, strengthening a growth trajectory." For the April-December period, the company's profit rose to Rs 5,055.64 crore, up 22 per cent from Rs

ITC Q3FY25 results: Profit down 7.27% to Rs 5,013.16 cr, revenue up 9%

The 'Gold Flake' cigarette maker reported a profit of 56.38 billion rupees ($643.69 million) for the third quarter ended December 31, compared with 55.72 billion rupees a year earlier

Hero MotoCorp Q3 results: Net profit increases 12% to Rs 1,203 crore

Hero's motorcycle and scooter sales grew just 0.3% in the quarter, marking their weakest growth since July-September 2022

Motherson Sumi Wiring Q3: PAT declines 17% to Rs 140 cr as expansion weighs

The company, whose clients include Maruti Suzuki and Tata Motors, said its profit fell to 1.40 billion rupees (about $16 million) in the quarter from 1.68 billion rupees a year earlier

KRBL Q3 results: Net profit declines 1% to Rs 133 cr on higher expenses

The company's revenue from operations rose 17% to 16.82 billion rupees, led by a 17% jump in its agricultural business, which includes all types of rice apart from seed and bran