Page 21 - Corporate Earnings

Bajaj Finserv Q3FY25 results: Net profit rises 3% to Rs 2,231 crore

Its consolidated total income rose by 10 per cent to Rs 32,042 crore in the reporting quarter (Q3FY25), from Rs 29,038 crore in the year-ago period

Adani Ports Q3: Profit rises 14% amid moderation in cargo volume growth

The YoY cargo growth of 3.6 per cent in Q3 FY25 was offset by coal cargo handled by the company

L&T Q3FY25 results: Net profit rises 14%, misses Street estimates

The company's quarterly profit, however, missed Street estimates. In a Bloomberg poll, analysts had estimated an adjusted net income of Rs 3,771 crore and revenue of Rs 64,742 crore

Nokia Q4 results: Net profit beats estimates, jumps 38%; sales rise 17%

Company said sales at its network Infrastructure business rose 17 per cent due to a strong recovery in demand from communication service providers, notably in North America

Bajaj Finance Q3 results: Consolidated net profit up 18% to Rs 4,308 cr

The standalone asset under management (AUM) of the lender increased 26 per cent Y-o-Y to Rs 2.93 trillion at the end of Q3 while consolidated AUM was up 28 per cent Y-o-Y to Rs 3.98 trillion

Tata Motors Q3 results: Net profit down 22% on muted revenue growth

Revenues of commercial and passenger vehicles were down 8.4% and 4.3%, respectively

Raymond Realty Q3FY25 results: Revenue grows 11% to Rs 487.8 crore

The company's Ebitda stood at Rs 116 crore, up 19.6 per cent YoY

Indian Bank announces Q3 FY25 results: Net profit rises 32% to Rs 2,910 cr

Asset quality and 'efficiency parameters' help business growth, says Chennai-based lender

Tamilnad Mercantile Bank Q3 results: Net profit rises 6% to Rs 300 crore

The net interest income stood at Rs 570 crore for Q3 FY25, as against Rs 537 crore in Q3 FY24, registering a growth rate of 6 per cent

Bajaj Finance Q3 results: PAT rise 18% to Rs 4,308 cr on strong loan growth

Bajaj Finance booked 12.06 million new loans during the quarter, a 22% increase from last year, while net interest income grew 23% to Rs 9,382 crore

Policybazaar owner PB Fintech's Q3 PAT may rise 86% YoY, rev 44%: Analysts

Management commentary on growth, margins, the recent decision to foray into healthcare, and the rising competitive intensity from InsuranceDekho-RenewBuy merger will be eyed

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, ...