Page 21 - Corporate Earnings

Hindustan Zinc likely to turn net debt-free by FY26: Ventura Securities

Vedanta group firm Hindustan Zinc Ltd (HZL) is likely to turn net debt-free by the next financial year despite significant investment in capacity expansion, according to a report. According to brokerage firm Ventura Securities global demand for base metals -- zinc and lead, is expected to grow at a CAGR of 6/7 per cent... Domestically, India is a net exporter of zinc while having a deficit in lead supplies. Both these circumstances are favourable to HZL. "HZL is expected to turn net debt-free by FY26," it said. The country's largest producer of zinc, lead and silver had earlier said that it expects to reduce its debt to about Rs 2,000 crore by March-end from about Rs 6,000 crore at the end of the September quarter. Silver is fast gaining traction for investment demand and its use cases in industrial applications is only rising. The timely expansion in silver production capacities augers well given the exploding demand, the report said. HZL has planned capacity expansion of Rs 16,0

Yes Bank Q3 profit surges nearly threefold to Rs 612 cr, NII grows 10%

Yes Bank on Saturday reported nearly threefold jump in net profit to Rs 612 crore for the third quarter ended December 2024 helped by a fall in provisions for bad loans. The private sector bank had earned a net profit of Rs 231 crore in the same quarter of previous financial year. Total income increased to Rs 9,341 crore during the third quarter of the ongoing fiscal from Rs 8,179 crore a year ago, Yes Bank said in a regulatory filing. Interest income increased to Rs 7,829 crore from Rs 6,984 crore. Net interest income grew 10 per cent to Rs 2,224 crore as against Rs 2,017 crore in the third quarter last fiscal year. Net Interest Margin (NIM) of the bank remained flat at 2.4 per cent. Operating profit rose to Rs 1,079 crore from Rs 864 crore. On the asset quality front, the bank's gross non-performing assets ratio improved to 1.6 per cent against 2 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.5 per cent from 0.9 per cent at the end of the third quarter l

Torrent Pharma Q3 results: PAT up 14% at Rs 503 cr on strong India business

The revenue grew by 3 per cent Y-o-Y to Rs 2,809 crore as markets like Brazil and the US experienced decline

JSW Steel Q3FY25 results: Net profit down 70% on lower steel prices

Total revenues on a consolidated basis in Q3FY25 stood at Rs 41,378 crore, down 1.3 per cent Y-o-Y from Rs 41,940 crore a year ago

Stock correction limits downside in BPCL; Q3 performance meets expectations

BPCL's reported gross refining margins (GRMs) stood at $5.6 per barrel or bbl ($4.4/bbl in Q2FY25). Refining throughput was 9.5 metric million tonnes or mmt (-3 per cent Y-o-Y)

MFI CreditAccess posts Rs 99.5 cr loss in Q3; provision burden rises

The impairment provision for financial instruments rose to Rs 751.9 crore in Q3FY25, up from Rs 126.2 crore in Q3FY24

Bank of India Q3FY25 results: Net profit rises 35% to Rs 2,517 crore

Sequentially, the Mumbai-based lender's net profit rose by 6 per cent from Rs 2,374 crore in June 2024 (Q2FY25). Its stock closed 1.5 per cent lower at Rs 98.3 per share on BSE

Torrent Pharma Q3 results: PAT rises 14% to Rs 503 cr, misses estimates

The drug maker had reported a profit after tax (PAT) of Rs 443 crore in the October-December quarter of the last fiscal

Coforge Q3 results: Adjusted PAT rises 10.3% to Rs 268 cr, revenue up 8.4%

Coforge has posted a 10 per cent growth in adjusted net profit for the December quarter to Rs 268 crore, as its CEO exuded confidence that the coming year will continue to see robust and sustained growth for the IT solutions company. The profit attributable to the owners of Coforge, however, dipped to Rs 215.5 crore from Rs 238 crore in the year-ago period. The company officials attributed this to the minority interest factor with regard to its current 54 per cent holding in Cigniti Technologies, which is set to merge with Coforge with effect from April 1, 2025. For the just-ended quarter, the adjusted PAT at Rs 268 crore (excluding minority factor), was up 10.3 per cent on a year-on-year basis, the company said in a release. The revenue stood at Rs 3,318.2 crore, up 8.4 per cent quarter-on-quarter, and 40.3 per cent year-on-year in constant currency terms. The board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be January 30, ...

Tata Communications Q3 results: Net profit soars 426.5% to Rs 236 crore

The company remains open to strategic acquisitions and continues to review subsidiaries, CFO said

HDFC Bank Q3 results: Net profit rises 2% to Rs 16,736 cr, NII up 7.7%

Net interest margin was 3.43 per cent for the third quarter of the financial year, flat as compared to the same period last year but lower than 3.5 per cent of Q2

NIIT MTS Q3 results: Net profit increases 9% to Rs 61.7 cr, revenue up 7%

NIIT Learning Systems on Wednesday reported a nearly 9 per cent increase in consolidated net profit at Rs 61.7 crore in the quarter ended December 31, 2024. It posted a net profit of Rs 56.7 crore in the year-ago period, according to a regulatory statement. Revenue from operations for the quarter under review came in at Rs 418.8 crore, up 7 per cent, from Rs 391.3 crore in the corresponding period of the previous fiscal. "In a tough economic environment, NIIT MTS' strong value proposition is resonating with clients and prospects, resulting in wallet share improvement and new client acquisition. Clients are starting to take advantage of NIIT MTS' innovative use of AI and technology in learning," said Vijay K Thadani, Vice Chairman and Managing Director, NIIT MTS. Seen sequentially, net profit and revenue saw a rise of 8.24 per cent and 5.38 per cent, respectively. The firm added two new global Managed Training Services (MTS) clients during the quarter, bringing its client tally to

Markets Today: Nifty outlook; Trump; HDFC Bank, HUL Q3; Denta Water IPO

Stock Market Today, January 22, 2025: Denta Water IPO and Rexpro IPO will open today; EMA Partners IPO Allotment will be finalised; and Rikhav Securities and Kabra Jewels shares will list today

Zomato tanks 14% in 2 days post Q3; analysts cut earnings, target estimates

Zomato Q3 results: Zomato, on Monday, reported a 57 per cent Y-o-Y fall in net profit at Rs 59 crore for the October-December quarter

Markets Today: Trump; Zomato, Dixon, ICICI Pru Q3; Stallion India allotment

Stock Market Today, Tuesday, January 21: Addressing the gathering after taking oath, Trump said that golden age of America has begun. America will be far stronger from now on

Paytm Q3 FY25 results: Losses narrow to Rs 208.3 cr, revenue declines 36%

The loss follows a profitable September quarter, when the company reported a profit of Rs 928.3 crore, driven by the sale of its movie and ticketing business to Zomato

Zomato Q3FY25 results: Net profit drops 57% to Rs 59 cr, revenue rises 64%

The company's revenue from operations rose 64 per cent year-on-year (Y-o-Y) to Rs 5,405 crore in Q3, up from Rs 3,288 crore a year ago

Central Bank of India Q3 results: NPAT up 33.6%, signals small equity QIP

Sequentially, the bank's net profit increased by 5.04 per cent from Rs 913 crore in Q2FY25. Its stock closed 3.1 per cent higher at Rs 54.41 per share on the Bombay Stock Exchange (BSE)

Q3 FY25 results review: Little to cheer for in early-bird showing

RIL provides silver lining in otherwise lacklustre results by non-financial firms

Rallis India Q3 results: Net profit declines by 54.16% to Rs 11 crore

Rallis India, a Tata Enterprise, on Friday reported a 54.16 per cent on-year decline in net profit to Rs 11 crore for the quarter ended December 31, 2024. The company's net profit stood at Rs 24 crore during the corresponding period of the previous financial year, Rallis India said in a regulatory filing. Revenue from operations witnessed a 12.70 per cent decline during the quarter under review at Rs 522 crore, compared to Rs 598 crore in the same period of the previous fiscal. "Domestic business registered volume growth in the backdrop of intense market competition. I am pleased with the growth in the biologicals and specialty solutions business, which has grown by 13 per cent. Seeds business revenue was Rs 30 crore, as against Rs 32 crore in Q3 of previous year," Rallis India Managing Director and CEO Gyanendra Shukla said. Exports business continued to face headwinds with business registering a de-growth of 38 per cent resulting in overall revenue de-growth of 13 per cent and d