Page 22 - Corporate Earnings

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

ICICI Lombard General Insurance Q3 net profit rises 68% to Rs 724 crore

ICICI Lombard's premiums earned in its retail health insurance and corporate health insurance units grew nearly 25% and 12%, respectively

Paytm's net loss likely to widen YoY in Q3; revenue may slip 34%: Analysts

Paytm's revenue is expected to decrease by 34 per cent Y-o-Y, analysts and investors will eye traction on new business verticals

SBI Life Insurance Q3 results: Net profit jumps 71% to Rs 551 crore

SBI Life Insurance on Friday reported a 71 per cent rise in net profit at Rs 551 crore for the third quarter ended December. The life insurance company promoted by SBI had earned a profit of Rs 322 crore in the same quarter of the previous fiscal. The improvement in profit is aided by increase in new premium and renewal premium. During the quarter, net premium income improved to Rs 24,828 crore as against Rs 22,316 crore in the same quarter a year ago. However, total income halved to Rs 18,542 crore in the quarter under review from Rs 38,803 crore in October-December of FY24, SBI Life said in a regulatory filing. Decline in total income attributed to negative return earned from investment income of Rs 6,282 crore as compared to Rs 16,469 crore in the same quarter a year ago. Expense of management increased during the quarter to Rs 2,417 crore as compared to Rs 2,188 crore in the third quarter of the previous fiscal. The company's solvency ratio marginally declined to 204 per cen

Aether Industries Q3 results: Net profit jumps over two-fold to Rs 43.3 cr

Speciality chemical manufacturer Aether Industries posted a more than two-fold jump in consolidated net profit at Rs 43.3 crore for the third quarter of the 2024-25 fiscal year on strong sales, the company said on Friday. The company reported a consolidated net profit of Rs 17.4 crore in the year-ago period, the company said in a regulatory filing. Total income increased to Rs 233.32 crore during the October-December quarter of the 2024-25 fiscal, from Rs 166 crore in the year-ago period. According to the company, the Gujarat Pollution Control Board has revoked the closure order on January 9 this year, allowing the company to resume full operations at its facility-II in Surat. The closure order was issued following a fire accident on November 29, 2023. It said the claim for stock loss has been submitted to the surveyor in Q3FY'25 and is expected to be settled in Q4FY25. The company is focusing on new business segments 'renewable and sustainability' and 'oil and gas' apart from ..

Higher tariffs boost Jio Platforms Q3 net profit by 26% to Rs 6,861 crore

ARPU crosses Rs 200, subscriber growth resumes after a quarter

Reliance Retail Q3 results: Net profit rises 10.1% to Rs 3,485 crore

The company's revenue from operations stood at Rs 79,595 crore, up 7.0 per cent year-on-year, while its gross revenue from operations increased by 8.8 per cent to Rs 90,333 crore

Tech Mahindra Q3 Preview: Analysts see revenue rising 2% YoY, profit 38%

Tech Mahindra's revenue is likely to be impacted by furloughs and weakness in the manufacturing segment

Nomura sees muted Nifty returns in 2025, sets December target at 23,784

Nomura Nifty target: Nomura suggests investors stay highly "selective" and bet on stocks and/or sectors with relative valuation comfort

Sensex sheds 1.4% amid heavy FPI selling; Nifty settles at 23,086

The Sensex ended the session at 76,330, a decline of 1,049 points or 1.4 per cent, while the Nifty closed at 23,086, down 346 points or 1.5 per cent