Page 120 - Q3 Results

Sun Pharma nears 52-week high ahead of Q3 results; stock up 7% in a month

In the past one month, Sun Pharma outperformed market as shares surged 7 per cent, as compared to 2.5 per cent decline in the S&P BSE Sensex

Paint biz goes off-colour, likely to see a fresh coat of downside in demand

Q3 witnessed weak volumes; valuations do not factor in risks

DCB Bank Q3 net profit jumps 52% to Rs 114 cr on decline in bad loans

Private sector DCB Bank on Saturday reported a 52 per cent jump in its profit to Rs 114 crore for the December 2022 quarter, mainly due to a decline in bad loans. The bank's net profit stood at Rs 75 crore in the same quarter of the preceding financial year. The total income increased to Rs 541 crore in the latest December quarter from Rs 463 crore in the year-ago period, the bank said in a regulatory filing. At the same time, net interest income rose to Rs 446 crore against Rs 345 crore a year ago. On the asset quality front, the bank recorded an improvement, with gross NPAs (Non-Performing Assets) declining to 3.62 per cent compared to 4.78 per cent at the end of the third quarter of the previous fiscal. Net NPAs too eased to 1.37 per cent compared to 2.55 per cent in the year-ago period. The capital adequacy ratio stood at 16.26 per cent in the December quarter.

Reliance Power Q3 loss widens to Rs 291 cr, expenses rise to Rs 2,126 cr

Reliance Power on Saturday said its consolidated net loss widened to Rs 291.54 crore in the December 2022 quarter. The company's consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed. The total expenses rose to Rs 2,126.33 crore in the quarter from Rs 1,900.05 crore in the year-ago period. Its total income stood at Rs 1,936.29 crore in the quarter against 1,858.93 crore a year ago. The company made a debt repayment of Rs 178 crore in the quarter, and its debt-equity ratio stood at 2.03:1. It reported a net worth of Rs 11,219 crore. It has an operating portfolio of 5,945 MW. The Board of Directors, at its meeting held on Saturday, has appointed Ashok Kumar Pal as the Chief Financial Officer (CFO) of the company from January 29, 2023. Pal is a qualified Chartered Accountant with extensive hands-on experience of over 22 years. He has an established record of success in finance, accounts, taxation and other compliances. He is associated wi

NTPC net profit up nearly 5% at Rs 4,854 crore in Q3 on higher revenue

State-owned power giant NTPC on Saturday reported a nearly 5 per cent rise in its consolidated net profit to Rs 4,854.36 crore for the December quarter, mainly due to higher revenue. The company's consolidated net profit was Rs 4,626.11 crore in the quarter ended December 31, 2021, as per a BSE filing. The total income rose to Rs 44,989.21 crore in the quarter from Rs 33,783.62 crore in the year-ago period. The Board of Directors also decided to pay an interim dividend at the rate of 42.50 per cent (Rs 4.25 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2022-23. The average power tariff of the company during April-December 2022 stood at Rs 4.96 per unit compared to Rs 3.95 per unit a year ago. The plant load factor (PLF or capacity utilisation) of coal-based thermal power plants climbed to 68.85 per cent in the third quarter from 67.72 per cent. The imported coal supply rose to 1.57 MMT in the quarter from 0.52 MMT in the same period a

Street positive on SBI Cards despite Q3 miss, on strong growth expectations

Analysts believe the company will be able to shift a larger part of the receivable mix towards EMI payments, which should help stabilise NIM

Aditya Birla Sun Life AMC Q3 profit after tax declines 11% to Rs 166 crore

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. However, Its total income rose to Rs 363.17 crore in the quarter under review from Rs 353 crore a year ago. ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.82 lakh crore. Aditya Birla Sun Life AMC -- a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc -- is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.

Patanjali Foods Q3 profit rises 15% to Rs 269 crore on better sales

Patanjali Foods Ltd, which is mainly into edible oil business, has posted a 15 per cent growth in its net profit to Rs 269.18 crore for the December quarter on better sales. Its net profit stood at Rs 234.07 crore in the year-ago period, according to a regulatory filing. Total income rose by 26 per cent to Rs 7,963.75 crore during the quarter ended December 31, as compared to Rs 6,301.19 crore in the corresponding period of the previous year. During the April-December period of this fiscal, nine-month period ended December 31, 2022, net profit increased to Rs 622.73 crore from Rs 571.87 crore a year ago, said Patanjali Foods, which is part of Baba Ramdev-led Patanjali Ayurved. Total income rose to Rs 23,858.50 crore in the first nine months of this fiscal year from Rs 17,608.18 crore in the previous year. Patanjali Foods Ltd (formerly known as Ruchi Soya Industries Ltd), has 25 manufacturing facilities, and an allocation of 6.23 lakh hectares of oil palm plantation. Besides edibl

Bajaj Finance Q3 net up 40% to Rs 2,973 cr; highest ever quarterly profit

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Low output pulls Vedanta net profit down 41% to Rs 2,464 crore in Q3

Firm clocked revenue of Rs 33,691 crore, down 7% from the previous quarter

Dixon hits 52-week low before closing 19.19% down on poor Q3 show

Cuts FY23 guidance, but expects sales to improve in FY24

Margins to improve by 200-250 bps next quarter: LTIMindtree CEO

In a Q&A, Debashis Chatterjee also dwells on the impact of the economic slowdown on his firm's demand outlook

Bajaj Finance net profit jumps 40% in Q3 to Rs 2,973 crore; AUM up 27%

Bajaj Finance Q3 result: The new loans booked during the quarter were highest ever at 7.84 million

Vedanta's Q3 net profit falls 42%, announces dividend of Rs 12.5 a share

Vedanta Q3 result: On a quarterly basis, however, the profit is up 15 per cent

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

Reliance Industries hits 10-month low, stock slips 15% since December

The stock dipped 3% to Rs 2,312 per share and traded trading at its lowest level since March 2022.

Tata Motors surges 6%, hits over 4-month high on strong Q3 performance

Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.

IGL Q3 net profit drops 11% at Rs 334 cr on holding CNG, piped gas prices

Indraprastha Gas Ltd, the firm that retails CNG and piped cooking gas in the national capital and other cities, reported 11 per cent drop in third quarter net profit after it held retail prices despite rise in input cost. Consolidated net profit of Rs 334.06 crore in October-December 2022 is compared with Rs 374.76 crore a year back, according to the company's filing with stock exchanges. The firm saw more than doubling of the cost it incurs on procuring natural gas, which is converted into CNG for sale to automobiles and piped to household kitchens for cooking purposes. Revenue from operations soared to Rs 4,089.03 crore in the third quarter of current fiscal year from Rs 2,438.48 crore in the year-ago period. "For the quarter ending December 2022, IGL registered an overall sales volume growth of 6 per cent over the corresponding quarter in the last fiscal, with the average daily sale going up from 7.66 million standard cubic meters to 8.12 million standard cubic meters per day,"

Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr

Healthy interest margins, credit offtake boost bottomline; provisions show subdued rise on better asset quality

Weak exports remain an overhang in the near term for Bajaj Auto

Strong realisations helped the company beat estimates in Q3