Page 116 - Q3 Results

Airtel Africa Q3 net profit rises 7.5% to Rs 1,586 cr, revenue up 10.7%

Telecom operator Bharti Airtel said its African arm Airtel Africa on Thursday posted a 7.5 per cent growth in profit after tax at USD 193 million, about Rs 1,586 crore, in the third quarter ended December 2022. The company had posted a profit after tax (PAT) of USD 180 million in the same period a year ago. "Providing affordable, innovative and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa. These strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties," Aitel Africa Chief Executive Officer Segun Ogunsanya said in a statement. The revenue of Airtel Africa during the reported quarter increased by 10.7 per cent to USD 1,350 million from USD 1,219 million in December 2021 quarter. In constant currency term, revenue of Airtel Africa grew 18 per cent. Total customer base of Airtel Africa increased by 10.1 per c

HDFC Q3 net profit rises 13% to Rs 3,691 crore, impairments decline

Monetary policy, interest rate actions had short-term impact on net interest income, says mortgage major

Q3 results: Titan posts surprise net profit fall, shares sink over 1%

The quarter witnessed a strong festive consumer demand, Titan Company Managing Director C K Venkataraman said

Alembic Pharma Q3 net dips 29% to Rs 122 cr, revenue rises to Rs 1,509 cr

Alembic Pharmaceuticals on Thursday said its consolidated net profit declined by 29 per cent to Rs 122 crore in the December quarter. The Vadodara-based drug maker had reported a net profit of Rs 172 crore in the October-December quarter of last fiscal. Revenue from operations rose to Rs 1,509 crore in the period under review from Rs 1,272 crore in the year-ago period, Alembic Pharmaceuticals said in a statement. "The company witnessed top-line growth across all the verticals. In particular, the API business outperformed with a 65 per cent growth during the quarter," Alembic Pharmaceuticals Managing Director Pranav Amin stated.

Mahindra Lifespaces Q3 net up 33% to Rs 33.21 cr, income rises to Rs 198 cr

Realty firm Mahindra Lifespace Developers Ltd on Thursday reported a 33 per cent increase in its consolidated net profit at Rs 33.21 crore for the quarter ended December. Its net profit stood at Rs 25.02 crore in the year-ago period. Total income rose sharply to Rs 198.14 crore in the third quarter of the current financial year from Rs 33.32 crore a year ago, according to a regulatory filing. Net profit during the April-December period of this fiscal jumped to Rs 100.88 crore from Rs 17.67 crore in the corresponding period of the previous year. Total income also rose to Rs 389.30 crore in the first nine months of FY23 from Rs 253.22 crore in the same period last year. Mahindra Lifespace, which is part of Mahindra Group, is one of the leading real estate firms in the country.

Deepak Fertilisers Q3 net up 40% to Rs 252 cr, revenue rises to Rs 2,754 cr

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday reported a 39.67 per cent growth in consolidated profit after tax at Rs 252.26 crore during the quarter ended December 2022. The company's PAT (profit after tax) stood at Rs 180.61 crore during the corresponding quarter of the previous financial year, DFCL said in a regulatory filing. Revenue from operations of the company witnessed a growth of 40.85 per cent during the quarter under review at Rs 2,754.76 crore compared to Rs 1,955.70 crore in the same period of 2021-22. "This is our best ever quarter three performance despite having to weather the headwinds such as unfavourable raw material pricing and difficult global economic conditions," DFPCL Chairman and Managing Director Sailesh C Mehta said. The company's ammonia greenfield plant is on track, and DFPCL expects that it will be operational by the first quarter of FY24, he said. The project has already been granted ultra-mega project status by the Maharasht

Berger Paints Q3 net down 20.4% to Rs 201 cr; revenue up 6% to Rs 2,694 cr

Berger Paints India Ltd on Thursday reported a decline of 20.47 per cent in its consolidated net profit at Rs 201.17 crore in the third quarter ended December 2022. The company had posted a net profit of Rs 252.97 crore in the October-December period a year ago, Berger Paints said in a regulatory filing. Its revenue from operations was up 5.59 per cent at Rs 2,693.59 crore during the quarter under review as against Rs 2,550.77 crore in the year-ago period. Berger Paints total expenses were at Rs 2,437.84 crore, up 9.39 per cent in Q3/FY23, as against Rs 2,228.56 crore a year ago. Shares of Berger Paints India Ltd on Thursday settled at Rs 540.95 on BSE, down 1.59 per cent from the previous close.

Dabur net falls 5.4% to Rs 476 cr in Q3, revenue crosses Rs 3,000 cr mark

Customers shifting to more affordable, smaller packs slows down FMCG firm's rural growth

Man Infraconstruction Q3 consolidated profit rises 126% to Rs 90.60 crore

Man Infraconstruction on Thursday reported a 126.3 per cent jump in consolidated profit at Rs 90.60 crore for the quarter ended December 31, 2022. The company had posted consolidated profit of Rs 40.02 crore in the year-ago period, Man Infraconstruction said in a filing to BSE. The consolidated revenue from operations in the October-December period increased to Rs 456.85 crore from Rs 296.52 crore in the year-ago quarter. Man Infraconstruction is a construction company that has executed work for port projects in the country.

Apollo Tyres Q3 results: Net profit rises 30% to Rs 292 cr, revenue up 13%

Apollo Tyres on Thursday said its consolidated net profit increased 30 per cent to Rs 292 crore for the December quarter, aided by robust sales in the domestic market. The company had reported a net profit of Rs 224 crore in the year-ago period. Revenue from operations rose 13 per cent to Rs 6,423 crore, as against Rs 5,707 crore in the October-December quarter of previous fiscal, the company said in a statement. "The domestic demand has helped us tide over the recessionary trends elsewhere. Having said that, our European Operations have still outperformed the market in the first 9 months of this fiscal," Apollo Tyres Chairman Onkar Kanwar said. Input costs eased to some extent in the past quarter, helping improve the company's margins, he noted. The demand momentum in the medium term looks positive, while there may be some headwinds in the near term, Kanwar said. On Thursday, shares of the company ended 0.5 per cent up at Rs 331.35 apiece on the BSE.

Coromandel International logs Q3 standalone profit after tax at Rs 539 cr

Coromandel International Ltd has reported standalone profit after tax at Rs 539 crore upby 42 per cent during the quarter ending December 31, 2022, the company said on Thursday. The city-based diversified conglomerate Murugappa Group company had registered standalone profit after tax at Rs 379 crore last year. Total income during the quarter under review surged to Rs 8,350 crore as against Rs 5,101 crore registered last year. Profit after tax for the nine month period ending December 31, 2022 grew to Rs 1,773 crore upby 44 per cent from Rs 1,229 crore registered corresponding period of last year. Total income during the nine month period ending December 31, 2022 stood at Rs 24,265 crore as compared to Rs 14,937 crore registered last year. The revenue from the nutrient and allied business during the quarter under review was at Rs 7,710 crore as against Rs 4,483 crore registered in December 2021. Crop protection business generated revenues of Rs 651 crore as compared to Rs 623 crore

Tata Consumer Products Q3 net rises 25.6% to Rs 364 cr, revenue up 8.29%

Tata Consumer Products Ltd (TCPL) on Thursday reported a 25.63 per cent increase in consolidated net profit at Rs 364.43 crore for the December quarter. The company had posted a net profit of Rs 290.07 crore for the October-September period a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a regulatory filing. Its revenue from operations was up 8.29 per cent to Rs 3,474.55 crore during the quarter under review as against Rs 3,208.38 crore in the corresponding period last year. Total expenses of the Tata group's FMCG arm were 10.13 per cent higher at Rs 3,119.73 crore over Rs 2,832.68 crore earlier. The company's "profit before tax at Rs 482 crore is 25 per cent higher as compared to the corresponding quarter of the previous year, reflecting a strong growth in the domestic business partly offset by lower profits in the international business due to inflationary pressures and weakness in the currency," the company said in its earning statement. TCPL Managing Dire

Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows

Strong performance across businesses help 40% YoY growth in lending book

Sundaram Home Finance reports net profit of Rs 52.56 crore in Q3

Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance, has reported a net profit of Rs 52.56 crore for the October-December 2022 quarter, the company said on Thursday. The city-based firm made a net profit at Rs 34.90 crore during the corresponding quarter last year. Disbursements grew to Rs 985.90 crore from Rs 651.84 crore. For the nine-month period ending December 31, 2022, the net profit grew to Rs 150.13 crore compared to Rs 114.63 crore registered in the same period last year. Disbursements soared to Rs 2,759.64 crore from Rs 1,542.42 crore. The company, during the quarter under review, made foray in the small business loans segment wherein it would provide loans of up to Rs 20 lakh to small shops and small business enterprises. It has opened new exclusive branches in Madurai, Tenkasi, Theni, Salem, Rasipuram, Tirunelveli and Sivakasi, the company said. "The initial response from the locations where we have opened exclusive branches has been quite positive. We

Sensex ends 224 pts higher in uneven trade, Nifty flat; Adani Ent skids 27%

CLOSING BELL: Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.5 per cent

Dabur India Q3 profit drops on dull rural demand; income dips to Rs 476 cr

In fact, the drop off in rural spending slowed the entire FMCG sector's growth in the last three months of 2022, compared with the previous quarter, market intelligence firm NielsenIQ said on Thursday

APL Apollo Tubes misses Q3 profit view on higher raw material costs

Apollo Z, the company's rust-proof structures segment and its second-biggest business, posted a 7% drop in sales volume

Dr Lal PathLabs Q3 net down 7% to Rs 54 cr, revenue declines to Rs 489 cr

Dr Lal PathLabs on Thursday said its consolidated profit after tax declined 7 per cent to Rs 54 crore for the December quarter. The company had reported a net profit of Rs 58 crore in the October-December quarter of the previous fiscal. Revenue also declined to Rs 489 crore for the period under review as compared with Rs 497 crore in the year-ago period, the company said in a regulatory filing. "We continue to focus on geographical expansion and strengthen our presence in Tier 2, Tier 3 towns. Our focus continues to take a higher market share in West and South markets by leveraging technology and promoting high-end super specialty test portfolios," Dr Lal PathLabs Managing Director Om Manchanda said. Shares of the company were trading 1.63 per cent down at Rs 2,019.15 apiece on the BSE.

Sundram Fasteners posts 7% rise in Q3 net profit as global orders rise

Auto components firm says it is 'progressing well' despite macroeconomic challenges

Sterling Tools hits 4-year high on strong Q3 results; surges 40% in 1 month

The revenue growth was primarily driven by increase in content per vehicle, overall robust industry demand & parts SOB increase in select OEM's.