Page 132 - Q3 Results

Coca-Cola beats profit estimates in Q3, raises full-year guidance

The company said it now sees organic revenue growth of 14% to 15% for the full year. In July, Coca-Cola increased its full-year outlook from 12% to 13%

General Motors posts higher profit, reaffirms outlook; margin slips

GM's net margin slipped to 7.9%, from 9.0% a year earlier

Philips to slash 4,000 jobs globally after weak quarterly earnings

The job cut represents over five per cent of the company's work force

Nestle India could sustain sales growth outperformance in coming quarters

Near-term margins, however, may remain under pressure

Porsche India reports 37% rise in sales to 193 units in third quarter

Luxury car maker Porsche India on Wednesday reported about 37 per cent rise in its sales to 193 units for the third quarter of 2022. The company had retailed a total of 141 cars in the third quarter of 2021, according to Porsche India. Retail sales of 193 units during the third quarter helped Porsche India reach 571 deliveries so far in 2022, surpassing the previous best full-year total of 534 units delivered in 2013, it said in a statement. On a consolidated basis, it has delivered 71 per cent growth in its car sales in the first nine months -- January-September -- of the current year, it added. Porsche India, which is a part of the Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL), had retailed a total of 378 cars in the domestic market in the first half of this year. "By stimulating the market with Porsche Exclusive Manufaktur (programme) showcases through our dealerships, we have generated a buzz that will help carry the momentum into the fourth quarter and next year," said Manoli

Tesla doubles net income to $3.3 bn in Q3, automotive sales up 55%

Elon Musk-run Tesla has reported $3.3 billion in net income for the third quarter (Q3), more than double from a year ago, and its automotive revenue jumped 55 per cent from the same period last year

Q3 results: Johnson & Johnson beats estimates on demand for cancer drug

The company said it expects some impact of inflation to ease next year but higher costs of inventory manufactured in 2022 could weigh on 2023 profit

Goldman Sachs unveils business revamp as third-quarter profit falls

Profit applicable to common shareholders fell to $2.96 bn, or $8.25 per share, in the quarter ended Sept. 30, from $5.28 bn, or $14.93 per share, a year ago

Delta Air Lines posts $695 million profit in Q3, sees busy holiday season

Delta Air Lines reported a USD 695 million third-quarter profit Thursday as higher average fares this summer and a lucrative credit-card business more than offset higher fuel prices. The airline forecast that revenue during the final three months of the year will top pre-pandemic levels. Delta's CEO said he sees no indication that anxiety over inflation and the economy will discourage people from travelling over the holidays. It's going to be a very strong holiday season Thanksgiving, Christmas, New Year's, said CEO Ed Bastian. Consumers are still relatively healthy. They have deferred spending, but where they have deferred it is the acquisition of things. Delta's third-quarter numbers support that view. The airline's operating revenue rose 11 per cent above 2019 levels even with an 18 per cent drop in passenger traffic. That was possible because the average passenger paid 23 per cent more per mile than during the same months of 2019. Revenue from premium customers rose, while m

Tesla deliveries miss estimates in Q3, slowed by supply-chain snarls

It delivered a record 343,830 cars worldwide in the third quarter. Analysts had expected that nearly 358,000 vehicles would be shipped

Consumer durables firms may have to wait until Q3 to find their sea legs

Hypercompetition, high-cost inventory, and volume-over-margins delay gains

Apple revenues from India nearly doubled in June quarter: Tim Cook

Cook added that Apple continues to execute across some significant geographies where there's a very low penetration of the iPhone

P&G Hygiene and Health Care net profit rises 4.6% to Rs 102.85 cr in Q3

Procter & Gamble Hygiene and Health Care Ltd on Thursday reported a 4.59 per cent increase in its net profit to Rs 102.85 crore for the third quarter ended March 2022. The company, which follows July-June financial year, had posted a net profit of Rs 98.33 crore in the corresponding period last year, Procter & Gamble Hygiene and Health Care Ltd said in a regulatory filing. Its revenue from operations rose 28.11 per cent to Rs 973.26 crore during the period under review against Rs 759.66 crore in the January-March period last year. Procter & Gamble's profit was driven by a continued focus on productivity and a one-time hurt due to retrospective tax law change, the company said in an earnings statement. "Excluding this one-time impact, PAT was up 20 per cent vs year ago, despite commodity inflation," it said. Its total expenses were at Rs 828.19 crore, up 28.36 per cent against Rs 645.18 crore. Procter & Gamble Hygiene and Health Care Managing Director Madhusudan Gopalan

The stock of this specialty chemicals has zoomed 51% in one month

The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.

Beauty and personal care segments shrug off Omicron wave in Dec quarter

Companies post strong growth in Q3; competition heats up as ABFRL, TCNS Clothing enter space

DCB Bank slips 5%; stock hits 21-month low on asset quality concerns

The weakening in the asset quality was partly due to the bank's customer profile, mainly comprising small-ticket borrowers in the self-employed segment, that was more severely impacted by the pandemic

Puravankara Q3 sales bookings jump 17% to touch Rs 666 crore

Realty firm Puravankara Ltd's sales bookings rose 17 per cent to Rs 666 crore in the third quarter of this fiscal year on the back of higher volumes as well as per square feet price realisation. According to its investors presentation, Puravankara sold 0.99 million square feet area during October-December 2021-22 as against 0.91 million square feet area in the year-ago period. The company sold 690 units in the quarter under review as against 661 units in the corresponding period of the previous year. In terms of value, the total sales bookings rose 17 per cent to Rs 666 crore in the quarter from Rs 570 crore in the year-ago period. The average sales realisation increased by 7 per cent to Rs 6,727 per square feet from Rs 6,262 per square feet. "Market consolidation and general economic development continues to enable strong sales performance; and the same is expected to continue in the near future," the company said. Puravankara said its new launches of projects are on track to ca

Consumption remains weak

Higher inflation is affecting operating margins

Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles

Increase in production, higher prices, better margins and high dividend yield are key positives

Growth revival key to reversing declining trend in Godrej Consumer stock

Weak show in India business dents Q3, margin pressures may remain