Page 102 - Q3 Results

IndusInd Bank drops 3% as analysts see limited near-term upside post Q3

IndusInd Bank share price: Shares of IndusInd Bank declined 4 per cent to Rs 1,550 apiece on the BSE in Friday's intraday trade after its Q3FY24 results

HUL Q3 results: Profit up marginally at Rs 2,519 cr amid low rural demand

The company's quarterly sales of products slipped marginally to 14,928 crore rupees, with underlying sales growth in its home care business

RBL Bank posts 11.5% growth in net profit to Rs 233 crore in third quarter

On the asset quality front, the Gross Non-Performing Assets (GNPA) was flat at 3.12 per cent sequentially. Meanwhile, the Net NPA of the lender inched down to 0.80 per cent from 0.78 per cent

Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore

The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion

Reliance Retail Q3 profit rises 31.87% to Rs 3,165 cr; revenue up 23.7%

Reliance Retail Venture Ltd (RRVL) on Friday reported a 31.87 per cent rise in its net profit to Rs 3,165 crore for the third quarter ended in December 2023. Its revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24, led by its grocery, fashion & lifestyle and consumer electronics businesses. The retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a net profit of Rs 2,400 crore in the October-December quarter of FY2022-23, and its revenue from operations was Rs 67,623 crore. The gross revenue of Reliance Retail was up 22.83 per cent to Rs 83,063 crore in the December quarter. Its EBITDA margin from operations on net sales was at 8.1 per cent, up 40 bps Y-o-Y driven by operating leverage and continued focus on cost management, said an earning statement from RIL. During the quarter, Reliance Retail added 252 new stores to its network, taking the total count to 18,774 stores. At the end of the December quarter, ..

RBL Bank Q3 results: Profit rises 11% to Rs 233 cr, gross NPAs down 3.12%

Private sector RBL Bank on Friday reported an 11 per cent increase in its profit to Rs 233 crore in the third quarter ended in December 2023. The bank had earned a net profit of Rs 209 crore in the same quarter a year ago. Total income increased to Rs 3,969 crore during the quarter under review against Rs 3,116 crore in the same period last year, RBL Bank said in a regulatory filing. Interest income of the bank also improved to Rs 3,191 crore during the quarter compared to Rs 2,498 crore in the same period a year ago. The bank's gross Non-Performing Assets (NPAs) declined to 3.12 per cent of the total loans at the end of December 2023 from 3.61 per cent a year ago. Net NPAs or bad loans also came down to 0.80 per cent from 1.18 per cent at the end of the third quarter of the previous fiscal.

Paytm's Q3 revenue rises 38% on strong payments business, loan growth

Operating profit, which the company defines as core profit before cost of employee stock-options, was at Rs 219 crore for the quarter ended Dec 31

CESC Q3 net profit falls 10% to Rs 301 crore due to higher expenses

Power utility CESC Ltd's consolidated net profit dipped over 10 per cent to Rs 301 crore in the December quarter, mainly due to higher expenses. Its consolidated net profit was Rs 336 crore in the quarter ended December 2022, a BSE filing showed. The total expenses rose to Rs 3,497 crore in the quarter under review from Rs 3,141 crore in the year-ago period. The company's total income rose to Rs 3,301 crore in the quarter against Rs 3,224 crore a year ago. The Board has declared an interim dividend of Rs 4.50 per equity share (i.e., 450 per cent) on the paid-up equity share capital of the company. The record date to ascertain the eligibility of members to receive the said interim dividend is February 1, 2024. The Board, in its meeting on Friday, also approved the appointment of Arjun Kumar as a non-executive director in the category of an Independent Director of the company for a term of five years with effect from January 19, 2024. Kumar is not related to any Director of the co

Reliance Jio Q3 results: Net profit rises 12.3% to Rs 5,208 crore

Revenue from operations climbed 10.3%, snapping five straight quarters of slowing growth

Hindustan Zinc Q3 net profit falls to Rs 2,028 cr dragged by lower income

Hindustan Zinc Ltd (HZL) on Friday posted a 6 per cent decline in consolidated net profit to Rs 2,028 crore during the quarter ended December 2023, dragged by lower income. It had clocked Rs 2,156 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing. On a quarter-on-quarter basis, the profit grew 17 per cent as against Rs 1,729 crore in the July-September quarter. During the quarter under review, the company's total income reduced to Rs 7,606 crore from Rs 8,214 crore a year ago. Its expenses were Rs 4,937 crore as against Rs 5,028 crore in the year-ago period. Hindustan Zinc is the world's second largest integrated zinc producer and fifth largest silver producer. The Udaipur-based company holds about 80 per cent of the growing zinc market in the country.

Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday

Stock market highlights on January 19, 2024: The S&P BSE Indices will be calculated on Saturday, January 20, 2024 , which is declared as a special trading day by the exchange

ICICI Bank Q3 loan book may grow 19%; asset quality seen steady: Analysts

ICICI Bank is scheduled to report its Q3FY24 results on Saturday, January 20

Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways

Stocks to watch on Friday, January 19, 2024: Tata Steel has reportedly rejected a trade union proposal to keep the blast furnaces operational at Port Talbot Steelworks in Wales, the UK

Poonawalla Fincorp net profit jumps 76% to Rs 265 crore in December quarter

Non-bank lender Poonawalla Fincorp, focused on consumer and small business finance, on Thursday said its net profit rose 76 per cent to Rs 265 crore for the December quarter on higher disbursement and better asset quality. The Pune-based firm said the quarter saw the highest-ever profit, led by the highest-ever quarterly disbursements of Rs 8,731 crore, about 159 per cent higher against the year-ago period. This had the loan book jumping 58 per cent to Rs 21,946 crore. Despite the overall higher interest rate regime, Poonawalla Fincorp managing director Abhay Bhutada said their net interest margin rose 33 bps to 11.02 per cent while operating expenses to loan book/AUM stood at 4 per cent, an improvement of 206 bps year-on-year. On the asset quality front, the Cyrus Poonawalla group firm said its gross NPAs came down by 36 bps to 1.33 per cent, while net NPAs declined by 19 bps to 0.70 per cent in the reporting quarter. Its capital adequacy ratio stood at 38.2 per cent, with a ...

360 ONE WAM profit rises 7.7% to Rs 194 crore in December quarter

360 ONE WAM, formerly IIFL Wealth Management Ltd, on Thursday reported a 7.7 per cent year-on-year growth in profit after tax to Rs 194 crore in the December quarter. In comparison, the company had posted a profit after tax (PAT) of Rs 180 crore in the year-ago period, 360 ONE WAM said in a statement. The company's total revenue surged 14 per cent year-on-year to Rs 467 crore for three months ended December 2023 from Rs 410 crore in the same quarter preceding fiscal. The board has approved an interim dividend of Rs 4.5 per share. "Our commitment is steadfast in identifying optimal bottom-up opportunities within the broader context. We remain focused on domestic coverage in Tier 2 and 3 cities and expanding the client segments," Karan Bhagat, Founder, MD and CEO of 360 ONE, said.

Sterling and Wilson Renewable Energy loss down at Rs 62 cr in Dec quarter

Sterling and Wilson Renewable Energy's consolidated net loss narrowed to Rs 62.39 crore in December quarter, from Rs 99.15 crore in the same period year ago, mainly due to higher revenues. The total income of the company in the quarter under review rose to Rs 610.31 crore, from Rs 417.65 crore in the same period a year ago, the company said in a regulatory filing. In a separate statement, the company said the quarter witnessed strong order inflow from prestigious domestic and global independent power producers in the last few weeks of December post the successful completion of its QIP (qualified institutional placement) issue. The total order inflows amounted to over Rs 2,400 crore resulting in further strengthening of the order book, it stated. It had raised Rs 1,500 crore through a QIP in December 2023. "During Q3FY24, we have witnessed notable strides in advancing our renewable energy portfolio with four unique projects from India as well as our first significant overseas order

Ramkrishna Forgings Q3 results: Profit up 43% at Rs 87 cr on higher income

Ramkrishna Forgings Ltd on Thursday posted a 43 per cent rise in consolidated net profit to Rs 86.86 crore during the December quarter on the back of higher income. The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing. The company's total income in the third quarter of the current fiscal also rose to Rs 1,059.32 crore from Rs 778.22 crore in the year-ago quarter. Its expenses were at Rs 941.84 crore, up from Rs 684.70 crore a year ago. "The company registered a strong performance across segments and geographies, with year-on-year growth of 20 per cent in revenues and 43 per cent in profitability. EBITDA margins stood at 23 per cent, driven by operating leverage and a sharp focus on cost control," Ramkrishna Forgings Ltd Managing Director Naresh Jalan said in a statement. The company raised Rs 1,000 crore through the QIP route during the quarter, he said. "The recent approval by NCLT Delhi for the acquisition of ACIL

Shoppers Stop Q3 profit down 41% to Rs 37 cr, revenue up 8.8% to 1,237 cr

Retail chain Shoppers Stop on Thursday reported a decline of 41.26 per cent in consolidated net profit at Rs 36.85 crore in the third quarter ended December 2023. The company had posted a net profit of Rs 62.74 crore in the October-December period a year ago, according to a regulatory filing from Shoppers Stop. However, its revenue from operations was up 8.83 per cent to Rs 1,237.52 crore during the quarter under review. It was Rs 1,137.07 crore a year ago. Its total expenses in the December quarter were up 10.62 per cent to Rs 1,189.96 crore. Total revenue at Shoppers Stop, which includes other income, was at Rs 1,240.88 crore, up 6.83 per cent. During the quarter, it added 13 stores which include four department stores, four beauty, four Intune and one airport store. "With considerable slowdown on discretionary spending, we have demonstrated notable resilience in these tough conditions. Our company has delivered admirable financial results with a sales growth of 7 per cent desp

IndiaMart Q3 results: Consolidated net profit drops 27% to Rs 82 crore

IndiaMart's revenue from operations jumped 21 per cent to Rs 305 crore in the December quarter of the current financial year

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing