Hindustan Zinc's Q3 net profit drops 20% on lower output, prices
Of the total provision, Rs 127 crore are for the restructured book and Rs 98 crore are for contingency provisions and Rs 41 crore are floating provision
Commenting on results, HZL CEO Arun Misra said that the company delivered the best-ever nine months of refined metal mark on the back of the highest mined metal
The company had reported a consolidated net loss of Rs 428.78 crore in the year-ago period, according to a regulatory filing
The paint major's net sales increased by 1.3 per cent to Rs 8,636.7 crore
The company had posted a net profit of Rs 2,300 crore in the October-December quarter of the previous fiscal
The company said it is on track to open a total of 100-110 new screens by the end of this fiscal year
CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.
The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said
The domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the previous year.
The company had posted a consolidated net profit of Rs 1,031.29 crore in the same period last fiscal, Asian Paints said in a regulatory filing
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Earnings may bottom out during Oct-Dec quarter, say analysts
Q3 could see weak volumes; hurdle for incumbents is new entrants in the sector
Total expenses were at Rs 1,899.51 crore, down 3.91 per cent in the December quarter of 2022-23 compared to the year-ago period
Lower provisions boost numbers for lender; NIM maintained despite higher deposit rates
Analysts were expecting a profit of Rs 1,859 crore, according to Refinitiv IBES data
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Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent
Higher advertising spends coupled with inflationary pressures, analysts said, are likely to squeeze EBITDA margins up to 154 basis points (bps) YoY to 23.9 per cent in Q3FY23