Page 123 - Q3 Results

Tata Coffee consolidated Q3 net profit declines 45% to Rs 38 crore

Tata Coffee on Tuesday reported a 44.71 per cent decline in consolidated net profit during the December quarter at Rs 38.40 crore. The consolidated net profit of Tata Coffee Ltd (TCL) stood at Rs 69.46 crore in the year-ago period, it said in a regulatory filing. Consolidated total income for the quarter witnessed a 19.13 per cent growth during the October-December period at Rs 754.76 crore as compared to Rs 633.52 crore in the corresponding period previous year, driven by higher realisations in Eight O' Clock Coffee (EOC) and instant coffee businesses of the company. The company, a subsidiary of Tata Consumer Products formerly known as Tata Global Beverages, stated that the improved price realisations driven by superior product mix in instant coffee business both in India and Vietnam has aided the company's quarter performance. The operating performance of EOC business was impacted during the quarter under review by higher input and other costs, which are expected to ease over com

PowerGrid InvIT Q3 net dips 6% to Rs 216 cr, income declines to Rs 331 cr

Powergrid Infrastructure Investment Trust on Tuesday reported a more than six per cent decline in its consolidated net profit to Rs 216.82 crore in the December 2022 quarter. The consolidated net profit was Rs 232.63 crore in the quarter ended December 31, 2021, a BSE filing showed. The total income also declined to Rs 331.06 crore in the quarter from Rs 342.18 crore a year ago. "The Board of Directors of Powergrid Unchahar Transmission Ltd the Investment Manager to Powergrid Infrastructure Investment Trust (PGInvIT), also approved declaration of distribution of Rs three per unit for the quarter ended December 31, 2022, comprising Rs 2.01 per unit as interest, Rs 0.43 per unit as a taxable dividend, Rs 0.25 per unit as an exempt dividend, Rs 0.30 per unit as repayment of SPV Debt and Rs 0.01 per unit as treasury income. "Record date for the distribution to the unitholders will be Monday, January 30, 2023, and the payment of distribution will be made on or before Wednesday, Februar

PNB Housing Q3 net rises 43% to Rs 269 cr; retail loan asset grows 6.6%

PNB Housing Finance on Tuesday reported 43 per cent growth in consolidated profit after tax (PAT) at Rs 269 crore for the third quarter ended December 31, 2022. The company's net profit was Rs 188 crore in October-December period of 2021-22. Loan asset stood at Rs 58,034 crore as on December 31, 2022, as compared to Rs 57,845 crore by the year-ago period. During the quarter, the company's retail loan asset grew 6.6 per cent, while gross non-performing assets stood at 4.87 per cent as on December 31. PNB Housing Finance Managing Director & CEO Girish Kousgi said the company is making progress in growing retail loan asset and improving asset quality. "We continue to focus on loan asset growth and asset quality improvement while being profitable," he said. The company has 159 branches with presence in 113 cities. Shares of PNB Housing Finance closed at Rs 556.90 apiece , up 4.87 per cent over the previous close on the BSE.

Sunteck Realty's sales bookings rise 12% to Rs 396 crore on better demand

Sunteck Realty Ltd on Tuesday reported a 12 per cent increase in its sales bookings to Rs 396 crore on better demand. The company's sales bookings stood at Rs 352 crore in the year-ago period. "We had pre-sales of around Rs 396 crore in Q3 FY23, up 12 per cent on YoY (Year on Year) basis," the Mumbai-based firm said in a regulatory filing. During the April-December period of this fiscal year, the company's sales bookings rose 33 per cent to Rs 1,066 crore from Rs 800 crore in the corresponding period of the previous year, it said.

SBI Card Q3 profit rises 32% to Rs 509 crore, GNPA declines to 2.22%

SBI Cards and Payment Services Ltd on Tuesday reported a 32 per cent rise in its December quarter net profit at Rs 509 crore. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 386 crore during the corresponding period of the previous financial year. The company's total income grew marginally to Rs 3,656 crore during October-December 2020, against Rs 3,140 crore in the year-ago period, it said in a regulatory filing. Total Operating cost increased by 15 per cent at Rs 1,974 crore for the third quarter of FY23 from Rs 1,719 crore in FY22, it said. Its gross non-performing assets (NPA) declined to 2.22 per cent during the quarter under review as against 2.40 per cent a year ago. The net NPA too eased to 0.80 per cent from 0.83 per cent at the end of December quarter of previous financial year. As a result, impairment losses and bad debts expenses decreased by 15 per cent at Rs 533 crore from Rs 625 crore in FY22.

CG Power and Industrial Solutions Q3 profit falls 58% to Rs 228 crore

CG Power and Industrial Solutions on Tuesday said its consolidated net profit declined 58 per cent to Rs 227.86 crore in December quarter 2022-23. The company's net profit in the year-ago period was Rs 545.06 crore, according to a BSE filing. Total income rose to Rs 1,809.95 crore in the quarter from Rs 1,558.89 crore in the same period a year ago. Total expenses also increased to Rs 1,528.22 crore from Rs 1,385 crore in the same period of 2021-22. The company's board has also approved a proposal to expand the manufacturing capacity of power transformer and distribution transformer units of the company at its plants in Malanpur and Bhopal at an investment of Rs 126 crore. The proposed expansion would increase the capacity from 17,000 MVA to 25,000 MVA for power transformers and from 6,900 MVA to 9,900 MVA for distribution transformers. The current capacity utilization is around 65 per cent. The expansion project is expected to be implemented within a period of 15 months and will

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Colgate-Palmolive Q3 net dips 4% to Rs 243 cr, income rises to Rs 1,302 cr

Colgate-Palmolive (India) on Tuesday said its net profit declined by 4 per cent to Rs 243 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 252 crore in the October-December period of the previous fiscal. Total income, however, increased to Rs 1,302 crore in the period under review as compared with Rs 1,286 crore in the year-ago period, Colgate-Palmolive (India) said in a regulatory filing. Net profit for the nine months ended December 31, 2022 declined to Rs 731 crore as compared with Rs 755 crore in the year-ago period. "The company is focussed on its key strategic pillars of building oral care habit in India, driving innovation and renovation through science-led products and premiumisation," Colgate-Palmolive (India) Managing Director Prabha Narasimhan said. Although oral care consumption continued to be weighed down in the quarter by adverse macro factors, the company is cautiously optimistic going forward, she added. "The focus .

Tata Motors Q3 preview: What to expect from auto major's quarterly results?

Tata Motors Q3 preview: The company, which is scheduled to report its earnings on Wednesday, January 25, could see margin expansion on the back of operating leverage benefits, and fall in input costs

Maruti Suzuki's net profit in Q3FY23 more than doubles, revenue up 25%

Maruti Suzuki Q3 results: The company sold 465,911 vehicles in the quarter, up from 430,668 units the same quarter last year

IIFL Securities December quarter profit after tax down 25% to Rs 64 crore

Total income also dropped 6 per cent to Rs 347 crore for the quarter under review from Rs 368 crore in the quarter ended on December 31, 2021

IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week

Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50

Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts

Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23

Tata Motors gains 4% on heavy volumes; stock surges 12% in one month

Tata Motors and its wholly-owned subsidiary JLR to report December quarter results on Wednesday, January 25, 2023.

Gravita India surges 8% to hit record high after strong Q3 results

Analysts at ICRA believe that the company's credit profile is likely to improve in the near term, supported by higher share of value-added products and healthy volumetric growth

Profit-booking in Axis Bank after strong Q3 results, stock slumps 2%

With Tuesday's decline, the stock price of Axis Bank corrected 6 per cent from its record high level of Rs 970.45, which it had touched on January 4, 2023

HDFC Bank rallies 7% in six days; stock inches towards all-time high

The management said the final hearing of NCLT, regarding the merger with HDFC, would take place on January 27, 2023, post which regulatory process will remain to be undertaken.

Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related

Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.

Tata Communications Q3 net flat at Rs 394 cr; revenue rises to Rs 4,528 cr

Tata Communications on Monday reported a consolidated net profit of about Rs 394 crore for the just-ended December 2022 quarter, a tad lower than the year-ago period. The Q3 FY23 net profit was 0.3 per cent lower than last year's figure of about Rs 395 crore (profit for the period attributable to equity holders of the parent). Seen sequentially, the net profit was down 26 per cent from the September quarter. Tata Communications' consolidated revenue for the quarter ended December 2022 came in at about Rs 4,528 crore, 8.2 per cent higher on-year. Data business revenues stood at Rs 3,593 crore, recording an increase of 11.1 per cent on-year, the company said in a statement, adding strong momentum in the digital platforms and services segment continued. The core connectivity portfolio reported growth of over 6 per cent year-on-year in revenue, and the digital platforms and services delivered growth of over 17.2 per cent, according to the statement. Tata Communications CEO A S ...

Vistara reports first ever quarterly profit in Q3, figure undisclosed

Airline says result excluded unrealised forex loss; YoY capacity and passenger traffic up 37% and 47% respectively