Page 55 - Q3 Results

Brokerages mixed on Nestle India's Q3 performance; most cut EPS estimates

Most brokerages have cut earnings per share (EPS) estimates on Nestle India on the backdrop of moderation in growth momentum in the near term

Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target

The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans

Biocon Biologics investors are more confident after revenue growth: Mittal

There is market share gain compared to last year. Any biosimilar might be able to take on a four-five or six player market, said Siddharth Mittal, CEO and MD, Biocon

Vedanta Q3 FY25 results: Net profit rises 76.2% to Rs 3,547 crore

During the quarter, the metals and oil & gas company reported a consolidated net profit of Rs 3,547 crore, compared to Rs 2,013 crore a year ago

Sun Pharma Q3FY25 results: Net profit soars 15%, revenue up 10.5%

Sequentially, revenue from operations grew by 2.9 per cent, whereas profit after tax (PAT) fell by 4.5 per cent. Both profit and revenue were in line with Bloomberg estimates

Nestle India Q3FY25 results: Net profit rises 4.9% to Rs 688 crore

The company had reported a net profit of Rs 655.6 crore in the same period last year

GHCL Q3 results: Net profit up 68% at Rs 168 cr on lower operating expenses

Chemical company GHCL Ltd on Friday posted a 68 per cent rise in net profit to Rs 168 crore in the December quarter mainly due to lower operating expenses. The company's operating expenses came down to Rs 548 crore during the quarter compared to Rs 648 crore in the same period a year ago, the company said in a statement. The profit after tax (PAT) grew 68 per cent to Rs 168 crore in the October-December period as against Rs 100 crore in the year-ago period, it stated. The company's net revenue was Rs 807 crores, down from Rs 813 crores a year ago, it stated. The EBIDTA grew 57 per cent to Rs 259 crore as compared to Rs 165 crore a year earlier. GHCL Managing Director R S Jalan said in the statement, "We have reported a robust financial performance for the quarter ended December 31, 2024 on the back of continued focus upon our core area of operations." GHCL Ltd is engaged in the manufacture of soda ash (anhydrous sodium carbonate), a major raw material for detergents & glass ...

Mahindra Lifespace Developers' loss widens to Rs 22.5 crore in Q3FY25

The company's pre-sales for the quarter stood at Rs 334 crore, down by 24.61 per cent, year on year (Y-o-Y)

Epack Durable Q3FY25 results: Net profit declines 49% to Rs 2.5 cr

EPACK Durable, an original equipment manufacturer & original design manufacturer for air conditioners and home appliances, on Friday reported a decline of 48.86 per cent in its consolidated net profit to Rs 2.5 crore in the December 2024 quarter. The company had posted a consolidated profit of Rs 4.89 crore in the October-December quarter a year ago, according to a regulatory filing by EPACK Durable. Its revenue from operations climbed 35 per cent to Rs 376.83 crore in the December quarter. The same stood at Rs 279.05 crore a year ago. Total expenses of EPACK Durable in the December quarter grew 37.73 per cent to Rs 377.28 crore. Its total income, which includes other income, was Rs 381.70 crore in the December quarter, up 35.8 per cent. Shares of EPACK Durable Ltd settled 4.99 per cent higher at Rs 465 apiece on the BSE.

Pfizer Q3 results: Net profit falls 2% to Rs 128 cr, revenue at Rs 538 cr

Drug firm Pfizer on Friday said its net profit declined by 2 per cent to Rs 128 crore for the third quarter ended December 31, 2024. The company had reported a net profit of Rs 130 crore in the October-December period of last fiscal. Revenue from operations declined to Rs 538 crore in the third quarter as compared with Rs 540 crore in the year-ago period, Pfizer Ltd said in a regulatory filing. Shares of the company on Friday ended 0.43 per cent up at Rs 4,536.05 apiece on BSE.

Bansal Wire Industries Q3 results: PAT jumps two-fold to Rs 42 crore

Stainless steel wires maker Bansal Wire Industries has reported over twofold rise in consolidated profit after tax (PAT) at Rs 41.6 crore, backed by higher revenues. It had posted a Rs 17.2 crore PAT in the year-ago quarter, the company said in a statement on Friday. Revenues rose 52.6 per cent to Rs 924.6 crore from Rs 606 crore in October-December 2023-24. The EBIDTA (earnings before interest, taxes, depreciation, and amortization) rose 99 per cent to Rs 73.1 crore from Rs 35.8 crore a year ago. "During the quarter, we delivered resilient financial performance and strong operational execution, ramping up new lines for value-added products and driving value-driven volume expansion while sustaining momentum through growth initiatives," company's MD & CEO Pranav Bansal said. On the outlook for wire industry, he said challenges like fluctuating raw material prices and geopolitical risks persist and international expansion in the US and Europe offer significant opportunities.

Bandhan Bank Q3 result: Profit falls 42% to Rs 426 cr due to bad loans

Private lender Bandhan Bank on Friday reported a 42 per cent decline in its net profit for the third quarter of the current financial year at Rs 426 crore as compared to Rs 733 crore in the year-ago period. Lender's MD and CEO Partha Pratim Sengupta said that the drop in net profit was primarily due to a change in accounting procedure and an additional provision of Rs 336 crore for loans, which turned bad, during the October-December quarter. He said accounting for the Employee Stock Option Scheme (ESOP) also impacted the net profit to the tune of Rs 166 crore. Sengupta told reporters that the bank has drawn up a strategy for its next phase of growth. He said the strategy is "to be more secular in its approach as a large contribution is coming from the microfinance sector which is facing challenges. More stress will be given on liability products and digital banking". The bank's net revenue during the third quarter of the current fiscal stood at Rs 3,926 crore as compared to Rs 3,

ONGC Q3 FY25 results: Net profit plunges 19.4% to Rs 8,621 crore

However, the Q2 profits were recorded even as the company saw gross revenue decline marginally by 0.7 per cent to Rs 1.66 trillion, down from Rs 1.67 trillion registered in Q3 FY24

LIC Housing Finance Q3 results: Net profit rises 23% to Rs 1,432 cr

The company's disbursements have been slower than its peers in last few quarters. Earlier this month, PNB Housing's reported a 30% rise in disbursements for the third quarter

IRB Infra's Q3 FY25 results: Profit jumps multifold to Rs 6,026 crore

The company recognised exceptional gains of Rs 5,804 crore over fair-value assessments

MedPlus Health Q3 results: PAT up at Rs 45.8 cr on strong OTC drug demand

MedPlus continued to benefit from strong sales of products under its private label brands in both the pharmaceuticals and consumer wellness categories

Vintage Coffee Q3 results: Profit up over three-fold, announces expansion

Vintage Coffee and Beverages Ltd (VCBL) on Friday posted a more than three-fold jump in consolidated net profit to Rs 12.45 crore for the third quarter of the 2024-25 fiscal on strong sales. The company had reported a net profit of Rs 3.59 crore in the year-ago period. Its total revenue rose to Rs 88.90 crore for the December quarter of the 2024-25 fiscal from Rs 37.85 crore in the year-ago period, according to a regulatory filing. VCBL Managing Director Balakrishna Tati announced plans to expand its production capacity by an additional 4,500 metric per annum (TPA), with the new capacity expected to be commissioned by Q4 FY26. The expansion will be financed entirely through internal accruals. "By increasing our production capacity by nearly 70 per cent to 11,000 TPA, we are strengthening our market position as the leader in soluble coffee supplier in the country and reinforcing our commitment to long-term value creation for our stakeholders," he said. The additional production li

IRB Infrastructure Q3 results: Net profit rises 18% to Rs 222 crore

IRB Infrastructure Developers Ltd (IRB) on Friday said it has reported an 18.7 per cent rise in profit after tax to Rs 222 crore in the December quarter. It had posted a profit after tax "PAT, excluding exceptional gains" of Rs 187 crore in the year-ago period, the company said in a statement. The company's PAT, including exceptional items, jumped manifold to Rs 6,026 crore against Rs 187 crore in the October-December period of the preceding 2023-24 financial year. Its total income rose to Rs 2,090 crore over Rs 2,077 crore a year ago. The company's board has also declared a third interim dividend of Re 1 totalling Rs 60.3 crore in the third quarter of FY25. This brings the total dividend for the first nine months of FY25 to Rs 181.1 crore. During the quarter under review, the company witnessed a 21 per cent rise in aggregate toll collection to Rs 1,655 crore compared to Rs 1,373 crore in Q3FY24. Its company Chairman and Managing Director Virendra D Mhaiskar said, "Our asset port

Bandhan Bank Q3FY25 results: Net profit drops 42% to Rs 426.5 crore

The lower profit was attributed to a change in the accounting policy for ESOPs, higher provisions due to stress in the microfinance portfolio

GMDC Q3FY25 results: PAT rises 26.3% to Rs 148 cr, income at Rs 767.92 cr

Gujarat Mineral Development Corporation (GMDC) on Friday reported a 26.3 per cent rise in consolidated profit to Rs 147.66 crore for the December quarter. The company had posted a consolidated profit of Rs 116.83 crore in the year-ago period, GMDC said in a filing to the BSE. The total income of the company during the quarter increased to Rs 767.92 crore over Rs 624.51 crore in the year-ago period. GMDC is one of the country's leading mining and mineral processing companies. The company is also involved in the exploration of bauxite, manganese, silica sand and limestone among others. They find application across diverse industries, from manufacturing of hydrofluoric acid and purifying water to manufacturing glass and ceramic ware, and drilling oil. GMDC has a sizeable presence in the energy sector. The company has a diversified portfolio of thermal power projects and renewable power generation projects comprising wind and solar power.