Page 131 - Q3 Results

Gyscoal Alloys' profit jumps to Rs 2.20 cr in Q2; revenue from ops rises

The company posted a jump of 2,787 per cent in its net profit year-on-year (YoY) from Rs 7.64 lakh. On sequential basis, the company's profits jumped by 129.14 per cent from Rs 98.14 lakh

TCS reports 11% net profit jump in Q3, announces dividend of Rs 75 a share

It will have an interim dividend of Rs 8 per share and a special dividend of Rs 67 per equity share

Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101

CLOSING BELL: Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively

Paytm reports Rs 3.46 trn in GMV for Q3 FY23, a robust 38% growth

In its stock exchange filing, Paytm said that the aSuper App' continues to see growing consumer engagement for its wide array of payment and financial services

Helped by festive sales, Titan reports 12% standalone biz growth in Q3

Leading jewellery and watchmaker Titan has recorded 12 per cent growth in its standalone business in the December quarter, led by "healthy consumer demand" spurred by a vibrant festive season. "The positive consumer sentiment helped all categories clock healthy double-digit growths despite a high base in the same period of last year," as per the quarterly update by Titan for Q3 FY23. The Tata group firm also continued network expansion by adding 111 stores in October-December, taking the total number to 2,362 at the end of the quarter. During the quarter, Titan Jewellery, which generally contributes more than two-thirds of its revenue, achieved 11 per cent Y-O-Y growth. "Healthy new buyer growths in the festive period, higher-value purchases in the studded category and unique new collections for the season helped the division achieve an 11 per cent growth YoY (excluding bullion sales)," said Titan. Sales from the studded category moderately outpaced the gold jewellery (plain) segm

Dabur India expects low to mid single-digit revenue growth in Q3

Dabur India expects a "low to mid single- digit revenue growth" for the quarter ended December 2022 on account of the challenging macroeconomic environment and muted category growth during the period. However, the homegrown FMCG major said inflation started to cool off during the quarter and as a result, gross margins would be marginally better sequentially on a consolidated basis. "Overall, the consolidated revenue is expected to report low to mid single-digit growth," Dabur said in an update for Q3 FY23. During the December quarter, the demand trends for the FMCG industry remained "weak" with rural markets continuing to remain under pressure and this was further accentuated by the late onset of winter in North India, it said. However, early signs of moderate recovery were visible towards the latter part of the quarter coupled with some abatement in inflation. "The improving macroeconomic environment, positive steps being taken by the government and the expected stimulus of the .

TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY

TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent to around Rs 11,046 cr

Dabur India falls 4% after Q3 update hints high inflation to dent margins

On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth

D-Mart owner Avenue Supermarts' Q3 revenue rises 24.7% to Rs 11,305 cr

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, has reported a 24.7 per cent rise in its standalone revenue from operations to Rs 11,304.58 crore for the third quarter ended on December 31, 2022. The company had revenue from operations of Rs 9,065.02 crore in the October-December quarter a year ago, Avenue Supermarts said in a regulatory filing on Tuesday. "Standalone Revenue from operations for the quarter ended December 31, 2022, stood at Rs 11,304.58 crore," it said while sharing an update at the end of the quarter. The total number of stores stood at 306 as of December 31, 2022. In the year-ago period, Avenue Supermarts' standalone revenue was at Rs 7,432.69 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets which include -- Maharashtra, Gujarat, Daman, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

TMS Ep338: Demonetisation verdict, free food grain, markets, living wage

What does the SC's demonetisation verdict mean? Will free food grain scheme affect Centre's fiscal planning? Will India Inc see a turnaround in Q3FY23 results? What is a living wage? All answers here

Will India Inc see a turnaround in Q3FY23 results?

Raw material prices are heading south, while a pick-up in credit cycle has also boosted overall sentiment. Will these positive factors provide succour to India Inc's fortunes in Q3 FY23 earnings?

India wearables mkt grows 56.4% YoY; 37.2 mn units shipped in Q3FY22: IDC

Smartwatches remained the fastest-growing category, recording 178 per cent YoY growth while earwear accounted for 67.3 per cent of the overall wearables category

FMCG makers expect margins improvement and comeback of rural sales from Q3

The FMCG industry expects an improvement in its margins and hopes to make a comeback from the rural market from the third quarter, though it witnessed pressure on volume in the September quarter as high inflation persists. Makers of fast moving consumer goods (FMCG) are now seeing green shoots of recovery with the onset of the festive season and a good monsoon and crop harvest in the rural areas. In the July-September quarter, listed FMCG companies, including HUL, ITC, Dabur, Nestle, Tata Consumer, Britannia and Marico, reported pressure on their margins on similar lines as the preceding quarter and said the demand environment remained challenging with inflation impacting consumption. However, as the commodity prices of palm, khopra etc have softened, FMCG companies expect a sequential improvement in their gross margins and mid-single-digit volume growth. In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such

Infy may overtake Cognizant on revenue front after a decade, say analysts

Slow growth rate and execution challenges impact Cognizant Q4 performance

Moderna misses Q3 expectations, net income dips 69%; defers vaccine sales

Sliding COVID-19 vaccine sales and rising expenses for Moderna combined to produce a third quarter that missed Wall Street expectations. The vaccine developer also said on Thursday that it was dialling back its revenue expectations from advance purchase agreements for this year, as some sales will be deferred to 2023. Moderna also said on Thursday that between USD 2 billion and USD 3 billion in vaccine sales will be deferred to next year, and the company now expects between USD 18 billion and USD 19 billion in revenue from advance purchase agreements this year. That's down from the approximately USD 21 billion it forecast in August. Company shares tumbled in early-morning trading. The vaccine developer said its Spikevax vaccine brought in USD 3.12 billion in sales during the quarter, a 35 per cent drop compared to last year. Moderna also scaled back expectations for COVID-19 vaccine deliveries in last year's third quarter due to supply issues. CEO Stephane Bancel said then that t

Cognizant closes Q3 with $4.9 billion revenue, 2.4 per cent growth

Nasdaq listed Cognizant Technology Solutions (Cognizant) closed the third quarter with a 2.4 per cent revenue growth.

Shell profit doubles to $9.5 billion, prompting windfall tax calls

The strong earnings were likely to intensify calls in Britain and the European Union to impose further windfall taxes on energy companies as governments struggle with soaring gas and power bills.

JSW Steel's 2 Indian subsidiaries expected to return to profit in Q3 FY23

Global macroeconomic challenges to shape turnaround of JSW Steel and Bhushan Power & Steel

LG Display's posts larger than expected loss in Q3 on falling demand

LG Display Co Ltd posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to lacklustre demand for TVs and smartphones

Google, Microsoft, TI announce disappointing results; tech stocks tumble

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast