Page 113 - Q3 Results

Bharti Airtel slips 3% despite over 91% YoY surge in December net

Airtel continues to report a healthy performance on Indian wireless business front with resilient and industry leading KPIs in terms of India post-paid/4G subscribers, ARPUs and margins.

Despite a good Q3, near-term demand worries cloud Apollo Tyres' outlook

There could, however, be some margin relief on account of falling input costs

Finance cost weighs on India Inc's earnings in Q3; operating profit dips

Interest expense rises at fastest clip in 17 quarters in Q3

Maruti's share in Suzuki revenue jumps to 40.9% in April-December

Maruti's share in its global revenues jumped from 33.42 per cent in April-December period of FY22 to 40.93 per cent in the corresponding period of FY23

Hero MotoCorp Q3 results: Net profit rises 2.41% amid weak demand

Hero MotoCorp on Tuesday declared an interim dividend of Rs 65 per share for FY23. "The payment of interim dividend will be completed by March 9," it added

Bharti Airtel Q3 net profit rises 91.5% to Rs 1,588 cr; ARPU up at Rs 193

Revenue growth, 4G customer addition power strong result

Ambuja Cements reports 46% rise in profit to Rs 328.9 crore in Q3FY23

Ambuja Cements Q3 results: The revenue from operations of the company rose 10 per cent to Rs 4,128.5 crore from Rs 3,739.9 crore a year ago

APSEZ Q3 net profit declines 12.94% to Rs 1,336 crore, total expenses rise

The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,535.28 crore a year ago, according to a regulatory filing

Sobha Ltd Q3 profit halves as land purchase costs surge, expenses up 51.7%

India's real estate developer Sobha Ltd on Tuesday reported that its third-quarter profit nearly halved, hit by higher land acquisition costs

Thermax profit after tax up 59% y-o-y to Rs 126 cr in Dec quarter

Energy and environment solutions provider Thermax on Tuesday posted a 59 per cent jump in its net profit to Rs 126 crore in the December quarter mainly due to higher revenues. "Profit after tax (PAT or net profit) stood at Rs 126 crore, up 59 per cent as compared to Rs 79 crore in the corresponding quarter of FY 2021-22," a company statement said. For the third quarter of FY 2022-23, Thermax posted a consolidated operating revenue of Rs 2,049 crore in the quarter compared to Rs 1,615 crore in the same period a year ago. The profitability was driven by good performance in all three segments - Energy, Environment and Chemical; last year's margins were affected by higher commodity and freight costs, which have now stabilised, the company said. As of December 31, 2022, Thermax Group had an order balance of Rs 9,859 crore. The order booking for the quarter was 10 per cent lower at Rs 2,204 crore compared to Rs 2,462 crore in the same period year ago. The order book last year was highe

BSE Q3 net profit drops 16% to Rs 51.6 cr; revenue from operations up 6%

Leading stock exchange BSE on Tuesday reported a 16 per cent decline in net profit to Rs 51.6 crore in three months ended December 2022. In comparison, the exchange had posted a net profit of Rs 61.3 crore in the year-ago period, BSE said in a statement. However, the bourse's revenue from operations grew 6 per cent to Rs 204 crore in the quarter under review from Rs 192.8 crore in the October-December quarter of the preceding fiscal 2021-22. "Overall, BSE reported a sustained third quarter result amidst a difficult market environment. 2022 was a period of transition for the BSE, and as we embark on a new journey in the new Financial Year, I believe that a balanced business model will enable us to grow much higher," Sundararaman Ramamurthy, MD and CEO of BSE, said. In addition, the board of BSE has approved the divestment of 2.5 per cent stake of BSE in Central Depositary Services Ltd (CDSL) towards meeting regulatory norms. The exchange's mutual distribution platform, BSE StAR MF,

GlaxoSmithKline Pharmaceuticals net profit rises 9.45% to Rs 165 cr in Q3

GlaxoSmithKline Pharmaceuticals Ltd on Tuesday reported a 9.45 per cent rise in consolidated net profit at Rs 164.56 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 150.35 crore in the same quarter last fiscal, GlaxoSmithKline Pharmaceuticals (GSK Pharma) said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 802.3 crore as against Rs 815.92 crore in the year-ago period, it added. Total expenses were lower at Rs 590.1 crore compared to Rs 636.56 crore in the corresponding quarter last fiscal. "General medicines portfolio grew by 10 per cent led by anti-infectives and dermatology therapies...Vaccine sales were down for the quarter in a declining self-pay vaccines market. However, we continue to gain market share for key vaccine brands," GSK Pharma Managing Director Bhushan Akshikar said. During the quarter, he said, the National List of Essential Medicines (NLEM), 2022

GSK's India unit Q3 profit up 9% as input costs slump, op revenue fell 1.7%

GlaxoSmithKline Pharmaceuticals Ltd, the Indian unit of UK's GSK plc, reported a 9.5% rise in profit, in line with analysts' estimates, as a sharp drop in input costs more than offset revenue decline

Eveready Industries report 77% drop in Q3 profit on higher costs

Eveready Industries reported a 77% fall in third-quarter profit on Tuesday, as the Indian battery manufacturer battled high costs of raw material as well as climbing advertising and promotion costs

Century Ply profit slips by 16% y-o-y to Rs 81 cr in Dec quarter

India's leading plywood maker Century Plyboards (India) Ltd on Tuesday reported a standalone net profit of Rs 81.36 crore in the third quarter ended December 2022, a 16 per cent decline compared to a net profit of Rs 97.27 crore a year ago. the company reported a 3 per cent growth in revenue to Rs 877 crore for the quarter under review, compared to Rs 848 crore in the corresponding quarter of FY'22. Century Ply also inaugurated its extended capacity at Hoshiarpur MDF (medium density fibre) plant, the company said in a statement. As part of its investment plan over FY23-FY25, the company is investing about Rs 250 crores in Hoshiarpur. With this, the production capacity has been enhanced by 58.33 per cent, the company said. "The Q3FY23 ended with quarterly revenue of Rs 877 crore on standalone basis, a de-growth of just 2.6 per cent on QoQ basis despite being a seasonally weak quarter," Century Plyboards India chairman Sajjan Bhajanka said. The upcoming greenfield MDF project in And

CAMS profit after tax down 4.6% to Rs 74 cr for quarter ending Dec

Registrar and transfer agent of mutual funds Computer Age Management Services Ltd (CAMS) on Tuesday reported 4.6 per cent drop in profit after tax to Rs 73.72 crore for the three months ended December 2022. In comparison, the company had posted a profit after tax (PAT) of Rs 77.31 crore in the year-ago period, CAMS said in a regulatory filing. The company's revenue grew 2.5 per cent to Rs 243.57 crore in the quarter under review from Rs 237.71 crore in the year-ago period. Sequentially, the PAT climbed 2.2 per cent and revenue was up 0.5 per cent. "Our AIF (alternative investment fund) and PMS (portfolio management service) offering...continued to be on an encouraging trajectory with over 17 new client wins. The Account aggregator business is gaining momentum with expanded outreach and superior product positioning," company's Managing Director Anuj Kumar said. In addition, the company has recommended an interim dividend of Rs 10.5 per share. The company is the country's largest .

Bharti Airtel Q3 net profit jumps 91% to Rs 1,588 cr; ARPU rises to Rs 193

Telecom operator Bharti Airtel on Tuesday reported a 91.5 per cent year-on-year rise in consolidated net profit to Rs 1,588 crore for the October-December quarter of 2022-23. Total revenue rose nearly 20 per cent year-on-year to Rs 35,804 crore in the December quarter (Q3FY23) "backed by strong and consistent performance delivery across the portfolio", the company said in a statement. Its consolidated net income (after exceptional items) stood at Rs 1,588 crore for the just ended quarter, translating into an increase of 91.5 per cent year-on-year. The consolidated net income (before exceptional items) at Rs 1,994 crore, was up by 147 per cent year-on-year, it added. Bharti Airtel Managing Director Gopal Vittal said the company delivered another quarter of consistent and competitive growth across businesses. "Revenue grew sequentially by 3.7 per cent, while EBITDA margin expanded to 52 per cent. Our strategy of winning quality customers has helped us add 6.4 million 4G customers and

Sensex drops 221 pts day ahead of RBI decision; Adani Ent up 15%, Paytm 5%

CLOSING BELL: Adani Enterprises (up 15 per cent), Dr Reddy's Labs, Adani Ports, Kotak Bank, IndusInd Bank, Bajaj Finance, Bajaj Auto, ONGC, JSW Steel, and Eicher Motors led the recovery

Japan's SoftBank Group logs $5.9 bn loss as tech investments tumble

Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slammed by the global plunge in technology shares. SoftBank Group Corp. racked up a 783 billion yen (USD 5.9 billion) loss for the fiscal third quarter, a reversal from the 29 billion yen profit recorded the same period a year ago. SoftBank invests in hundreds of companies, including mobile carrier SoftBank, web services provider Yahoo, vehicle-for-hire company Didi and Chinese e-commerce giant Alibaba. It also runs the Vision Fund that includes other global investors. SoftBank Group recorded nearly 512 billion yen (USD 3.9 billion) in losses on investments during the quarter, as prices of its shareholdings and funds nose-dived, it said. Various uncertainties have slammed Japanese companies recently, such as soaring material costs and rising interest rates. Tensions such as the war in Ukraine have also added to what tends to work as negatives for SoftBank's sprawling ..

Varun Beverages rallies 7% on strong December quarter earnings

The strong recovery in demand post the pandemic and continued efforts towards expanding the distribution network across markets resulted in a 41% growth in consolidated sales volume in CY22.