Consolidated net profit increased 27.7 per cent to Rs 110 crore ($12.7 million) in the quarter, but fell short of analysts' average estimate of Rs 115 crore
The company's total revenue from operations also increased by 36 per cent to Rs 5,189 crore, compared to Rs 3,820 crore during the same period in FY24
Realty firm Shriram Properties on Wednesday said it has reported a 30 per cent decline in its net profit to Rs 12.97 crore in the December 2024 quarter. Its net profit stood at Rs 18.48 crore in the October-December period a year ago. Total income also fell to Rs 179.87 crore in the third quarter of this fiscal compared to Rs 240.57 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Shriram Properties is one of the leading real estate firms in the country.
FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to Rs 26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of Rs 25.9 crore in the October-December quarter last fiscal, Honasa Consumer Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 517.51 crore compared to Rs 488.22 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 507.31 crore against Rs 464.46 crore in the same period a year ago, the company said. During the continued to strengthen its offline distribution through direct distributors in the top 50 cities, Varun Alagh, Honasa Consumer Ltd Chairman and CEO & Co-founder, said.
Airtel Payments Bank on Wednesday reported 70 per cent increase in net profit at Rs 18.5 crore for December quarter 2024-25. It had cinched a record growth with quarterly revenue crossing Rs 700 crore, up by 49 per cent year-on-year, a release said. "The Bank's net profit stood at Rs 18.5 crore, up by 70 per cent YoY and EBITDA grew 66 per cent YoY to Rs 87 crore in Q3 FY25," it said. During the quarter, the payments bank's Monthly Transacting Users (MTU) exceeded 100 million, up by 62 per cent over the same period previous year. The annualised gross merchandise value (GMV) of about Rs 4,00,000 crore reflected the growing adoption of the payments bank's digital savings accounts, merchant propositions and other products, it said. Customer balances also saw a strong increase, crossing Rs 3,332 crore, up 42 per cent YoY. "This growth is fuelled by the strong adoption of Airtel Payments Bank's digital offerings, with more customers opting for its safe digital account for their daily
Auto components major Bharat Forge Ltd on Wednesday reported a 16.38 per cent decline in consolidated net profit at Rs 212.78 crore in the third quarter ended December 31, 2024, impacted by lower revenue. The company had posted a profit of Rs 254.45 crore in the third quarter last fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing. Revenue from operations in the quarter under review stood at Rs 3,475.55 crore as against Rs 3,866.4 crore in the corresponding period last fiscal, it added. Total expenses in the third quarter were lower at Rs 3,165.37 crore as compared to Rs 3,529 crore in the year-ago period, the company said. BFL said its board has declared an interim dividend of Rs 2.5 per equity share of face value of Rs 2 each at the rate of 125 per cent.
Commercial vehicle maker expects international sales to expand as it launches new products
In its press statement, the company said its planned demerger of the energy business is on track
Steel pipe maker Hi-Tech Pipes on Wednesday reported a 34 per cent rise in consolidated profit after tax to Rs 19.15 crore in the December quarter, on account of increased revenue. It posted a profit after tax (PAT) of Rs 14.33 crore in the year-ago period, the company said in a statement. The company's revenue from operations increased 20.78 per cent to Rs 761.02 crore in the reporting quarter from Rs 630.09 crore in the same period a year ago, it said. Its EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at Rs 40.23 crore during the quarter compared to Rs 31.57 crore a year earlier, a rise of 27.42 per cent. Hi-Tech Pipes owns and operates six integrated manufacturing facilities having a combined installed capacity of 7,50,000 metric tonnes per annum. The company is also scaling up its captive renewable energy capacity to 13.5 MW by December-end.
Patel Engineering Ltd on Wednesday reported 14.49 per cent rise in consolidated net profit at Rs 80.24 crore for the quarter ended December 2024, supported by higher income. It had clocked a net profit of Rs 70.24 crore in the same period a year ago, the company said in an exchange filing. Total income rose to Rs 1,265 crore from Rs 1,076 crore a year ago. Expenses stood at Rs 1,125 crore as against Rs 1,030.94 crore in the third quarter of last fiscal. "Looking ahead, we are enthusiastic about enhancing our operational capabilities, expanding our project portfolio, and driving innovation within our industry. "The robust foundation we have built over the years fills us with confidence and optimism as we embark on the next phase of growth, consistently delivering outstanding value to our stakeholders," MD Kavita Shirvaikar said in a statement. The company's order book as on December 31, 2024 stood at Rs 16,396.4 crore. Mumbai-based Patel Engineering is an engineering, procurement
The management said sales in international markets are showing strong growth, and expect this momentum to accelerate with the launch of new products.
Siemens Q3 FY25 results: Consolidated revenue from operations fell marginally to Rs 3,587.2 crore in the October-December quarter
Hindustan Aeronautics Limited (HAL) Q3FY25 results: Consolidated revenue rose to Rs 6,957.31 crore in the October-December quarter
In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang, Chinese ride-hailing firm Didi Global and AutoStore Holdings
On February 4, HAL through an exchange filing informed investors that its board of directors is scheduled on Wednesday, February 12, 2025, to consider financial results
Ashok Leyland Q3 FY25 results: Consolidated revenue from operations rose to Rs 11,995 crore in the October-December quarter
Power Finance Corporation Q3 results: The company has declared a third interim dividend of Rs 3.50 per equity share for FY25
United Breweries Group (UB Group) is an Indian company best known for its flagship brand, Kingfisher
In Q3, Campus Activewear posted an 86 per cent rise in net profit year-on-year (Y-o-Y) to Rs 46.47 crore as compared to Rs 24.94 crore.
The company posted a 21 per cent decline in net profit year-on-year (Y-o-Y) to Rs 71.3 crore as compared to Rs 89.82 crore