Page 48 - Corporate Earnings

Cyient Q3 results: Profit drops 2% to Rs 153 crore, narrows guidance

The Hyderabad-headquartered company's consolidated net profit dropped 2% to 1.53 billion rupees ($18.42 million) for the quarter ended Dec. 31

JSW Steel Q3 result: Profit rises 5-fold to Rs 2,415 crore on strong demand

The company's consolidated net profit rose to Rs 2,415 crore ($290.7 million) for the quarter ended Dec. 31 from Rs 490 crore a year earlier, according to an exchange filing

Birlasoft Q3 profit at Rs 161 cr, revenue rises by 10% to Rs 1,342.5 cr

IT company Birlasoft on Wednesday reported Rs 161 crore consolidated profit after tax for the third quarter ended December 2023, the company said in a regulatory filing. The company had posted a loss of Rs 16.36 crore in the same quarter a year ago. The revenue from operations of Birlasoft grew by about 10 per cent to Rs 1,342.5 crore in the December 2023 quarter from Rs 1,221.89 crore in the December 2022 quarter. "We have delivered a strong and well-rounded operating performance, with a 1.9 per cent sequential growth in revenue to USD 161.3 million in a seasonally soft quarter and an expansion in EBITDA margin even after absorbing the full impact of compensation hikes," Birlasoft, Chief Executive Officer and Managing Director Angan Guha said in a statement. The headcount of the company slightly increased to 12,356 during the December 2023 quarter from 12,322 in the previous quarter, with the attrition rate falling to 12.6 per cent during the reported quarter. "Our sharp focus on

PNB Housing Finance Q3 profit rises 26% to Rs 338 cr on lower expenses

Interest rates have moderated in recent times, with the country registering its highest home sales since 2008 last year, according to a report

Tata Steel Q3 profit at Rs 513 crore as lower costs counter weak revenue

Subdued local prices due to cheaper shipments from top producer China hurt the country's steelmakers in the October-December period, despite sustained domestic demand

Dalmia Bharat Q3 net profit rises 22% to Rs 266 cr, revenue up 7.3%

Cement maker Dalmia Bharat Ltd on Wednesday reported a 22 per cent rise in its consolidated net profit to Rs 266 crore for the December quarter, helped by volume sales growth and correction in commodity prices. The company had posted a net profit of Rs 218 crore in the October-December quarter a year ago, according to a regulatory filing. Its revenue from operations grew 7.3 per cent to Rs 3,600 crore during the quarter under review. It was at Rs 3,355 crore in the corresponding period of the previous fiscal. Dalmia Bharat's total expenses increased 6.37 per cent to Rs 3,303 crore during the quarter under review. Its sales volume climbed 8.1 per cent to 6.8 million tonnes in Q3 FY23. During the quarter, it also "received final instalment of Rs 120 crore from Hippostores Technology, a promoter group company, on account of sale of Hippo Stores," the company said in a earnings statement. Hippo Stores is a new business funded by the Dalmia Bharat group based on the Home Depot model b

Motilal Oswal Financial Services Q3 profit jumps nearly 3 fold to Rs 660 cr

Motilal Oswal Financial Services on Wednesday said its Profit After Tax (PAT) jumped nearly 3 fold to Rs 660 crore in the quarter ended December 2023, on higher revenues. The company had posted a net profit of Rs 229 crore in the October-December quarter a year ago, the company said in a release. The consolidated operating revenue for the quarter grew to Rs 1,377 crore in the third quarter of this financial year, as against Rs 1,060 crore in the year-ago period. "We have delivered strong performance across segments in Q3FY24. Our Capital market business has demonstrated remarkable performance, reporting an all-time high quarterly profit and strengthening our retail market share position in Cash and F&O Premium segment to 7.5 per cent & 8.1 per cent respectively," said Motilal Oswal, MD & CEO of the company. Capital markets comprise Retail Broking and Distribution, Institutional Equities and Investment Banking business. Revenues for this segment grew to Rs 1,028 crore. "Our

Bajaj Auto Q3 PAT rises 38% to Rs 2,033 crore, revenue at Rs 12,165 crore

Bajaj Auto Ltd on Wednesday reported a 38 per cent jump in consolidated Profit After Tax (PAT) to Rs 2,032.62 crore in the December quarter. The company had posted a consolidated PAT of Rs 1,472.7 crore in the year-ago period, Bajaj Auto said in a regulatory filing. Consolidated total revenue from operations in the third quarter of the ongoing fiscal stood at Rs 12,165.33 crore, up from Rs 9,318.54 crore in the year-ago period, it added. Total expenses were higher at Rs 9,855.44 crore as against Rs 7,644.55 crore in the same period a year ago, the company said. Growth in revenue was led by acceleration in domestic business, which on the back of sharp execution and impactful activation during the festive season, cushioned the relatively subdued, albeit recovering, export sales amidst continued challenges in overseas markets, Bajaj Auto said. The company said while navigating volatile overseas markets, exports posted near double-digit revenue growth on better mix and dollar ...

IOC Q3 net profit soars to Rs 8,063 cr, on road to best-ever annual earning

Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. Standalone net profit of Rs 8,063.39 crore in October-December 2023-24 was higher than Rs 448.01 crore profit in the same period a year ago but lower than Rs 12,967.32 crore earnings in the preceding three months ended September 30, 2023, according to a stock exchange filing by the company. The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high in 2022-23. Pre-tax earnings from sale of petroleum products soared to Rs 11,428.88 crore in the third quarter of the current fiscal compared to Rs 1,541.95 crore in the same period last year. IOC uses mostly imported crude oil to make fuel

Tech Mahindra Q3 profit declines 60% as communications vertical lags

The Mahindra group company had reported a net profit of Rs 1,296.6 crore in the year-ago period while the same was at Rs 493.9 crore in the quarter-ago period

United Spirits profit climbs on premium liquor demand in third quarter

A greater number of affluent Indians are choosing more expensive cars and consuming pricier food and liquor, unaffected by inflation

GE flags lower-than-expected profit in its first quarter, shares fall by 1%

The company's shares were down about 1% in morning trade

Route Mobile Q3 results: Profit rises 28% to Rs 106 cr, revenue up 3.91%

Cloud Communications service provider Route Mobile on Tuesday reported over 28 per cent year-on-year jump in consolidated net profit for the December quarter at Rs 105.7 crore, according to a company filing. The company's profit (attributable to owners of the holding company) stood at Rs 82.44 crore in the corresponding period in the last fiscal. According to a stock exchange filing, the company's revenue from operations climbed to Rs 1,024.3 crore, with a 3.91 per cent year-on-year growth. The profit -- attributable to owners of the holding company -- stood at Rs 105.7 crore in the third quarter of the ongoing fiscal, from Rs 82.4 crore in the year-ago period. This translated into a year-on-year growth of 28.2 per cent. The Profit After Tax came in at Rs 113.6 crore, up 33 per cent over the year-ago period. In a release, the company said, "PAT reported at Rs 113.6 crore for Q3FY24 as against Rs 88.4 crore in Q2 FY24. PAT margin stood at 11.1 per cent." Route Mobile Ltd MD and gr

JSW Energy Q3 profit rises 28% to Rs 231 cr on demand boost, low fuel costs

India's electricity generation rose 8.7% year-on-year in the December quarter, which analysts attributed to festive activities and strong industrial demand

RattanIndia Power net loss widens to Rs 587 crore in December quarter

RattanIndia Power on Tuesday reported a widening of consolidated net loss to Rs 586.97 crore in the December quarter compared to a year ago, mainly due to lower revenues. According to a regulatory filing, the company's consolidated net loss stood at Rs 479.76 crore in the quarter ended on December 31, 2022. In the October-December period, the total income declined to Rs 888.30 crore as against Rs 931.29 crore a year ago.

Colgate-Palmolive India Q3 profit jumps 35% to Rs 330 cr on lower expenses

Net profit rose to Rs 330 crore for the quarter ended Dec. 31 from Rs 243 crore rupees a year earlier

Coforge Q3 profit rises 4.3% on deal wins, maintains revenue forecast

Consolidated net profit rose to 2.38 billion rupees ($28.6 million) for the quarter ended Dec. 31 from 2.28 billion rupees a year earlier

Cipla Q3 results: Profit rises 32% to Rs 1,056 crore, beats estimates

The Mumbai-based company had posted a consolidated net profit of Rs 801 crore in the year-ago period, Cipla Ltd said in a statement

Waaree Renewable Technologies Q3 results: PAT more than doubles to Rs 64 cr

Waaree Renewable Technologies Ltd (WRTL) on Monday said its consolidated Profit After Tax (PAT) more than doubled to Rs 64.46 crore in the December quarter, aided by higher revenues. It had clocked a PAT of Rs 24.98 crore in the year-ago period, the company said in a statement. The company's total revenue in the third quarter of the ongoing fiscal rose to Rs 324.19 crore from Rs 73.88 crore. During the quarter, the company received 70 MW capacity ground mounted solar power project and its unexecuted order book stood at 749 MW as of December 31, Waaree Renewable Technologies Ltd, a subsidiary of the Waaree Group, said.

Tesla price cuts, delivery plan, CEO pay in focus ahead of results

Falling prices of battery materials are expected to let Tesla show a slight rise in profit margin from the previous quarter