Page 78 - Q3 Results

Here's why AU Small Finance Bank shares advanced 3% in trade today

In Q3, the small finance bank's total deposits grew 2.3 per cent quarter-on-quarter (Q-o-Q) to Rs 1,12,260 crore as compared to Rs 1,09,693 crore in the September quarter

Markets Today: Dec PMI; FIIs; Wall Street up; Standard Glass Lining IPO

At 6:35 AM, GIFT Nifty futures were trading merely 4 points higher at 24,096, hinting at a flat to positive start for the day

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

Adani Wilmar, which sells edible oils and other food items, on Saturday reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter. Adani Wilmar, established jointly by Adani Group and Singapore Wilmar Group in 1999 markets its products mainly under Fortune brand. Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale. In a regulatory filing on Saturday, Adani Wilmar said the company "achieved a healthy volume growth of 6 per cent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs". Revenue grew 33 per cent year-on-year, it added. "In the edible oils segment, although there was downtrading among consumers, the company maintained its market share by its strategy of having a diverse portfolio of brands at various price points," Adani Wilmar said. The company reported 4 per cent

Dabur expects single-digit revenue growth, flat operating profit in Q3FY25

Dabur expects a "low single-digit growth" in the December quarter along with a "flattish operating profit" as the homegrown FMCG major faced inflationary headwinds in some of the segments. This forced Dabur to go for "tactical price increases" and tried to mitigate the inflationary pressure through cost-efficiency initiatives partially, Dabur informed in its quarterly updates on Friday. During the October-December period, rural consumption of FMCG was resilient and continued to grow faster. Alternative channels like modern trade, e-commerce, and quick commerce continued to post strong growth, while general trade, which mainly includes neighbourhood kirna stores was still under pressure in the October-December period. In the domestic market, Dabur's HPC (home & personal care) is expected to grow in the mid to high single digits, while Health Care is expected to be 'flattish' due to the delayed winter onset. "While the Beverages portfolio is expected to report muted performance, our

TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels

The Nifty IT index outperformed the Nifty 50 and the broader index in the second-half of 2024 with a gain of nearly 20%. Key levels to track on IT shares ahead of Q3 results.

MOIL up 6% on posting biz update; expects to surpass best ever Q3 revenue

In its Q3 update, MOIL announced that it achieved best ever Q3 production of manganese ore of 4.6 lakh tonnes

Bank of Maharashtra shares up 6% post Q3 update; gross advances rise 21%

In its Q3 update, Bank of Maharashtra said that its gross advances increased 21.19 per cent to Rs 2,28,652 crore as compared to Rs 1,88,670 crore a year ago

PNB sees robust growth in deposits in Q3FY25; CSB Bank logs over 20% growth

South Indian Bank saw its advances outpace deposit growth in Q3FY25

V2 Retail's revenue from operations increases 58.1% to Rs 591 crore in Q3

V2 Retail on Thursday reported a 58.1 per cent increase in standalone revenue from operations to Rs 591.03 crore for the December quarter. The value retailer reported revenue from operations of Rs 373.76 crore in the October-December quarter a year ago, V2 Retail told the BSE in a regulatory filing. "Standalone revenue from operations for the quarter ended (QE) December 31, 2024 stood at Rs 591.03 crore registering a 58 per cent YoY growth," V2 Retail said while sharing the quarter-end update. The total number of stores as of December 2024 stood at 160, with 21 new openings during the quarter. "V2 Retail continues its strategic expansion into key markets, bringing the total retail area to 17.22 lakh sq ft," it said. The Ram Chandra Agarwal-promoted company has achieved same store sales growth of 25 per cent in Q3, FY25 as compared to Q3, FY24, helped by a "strong consumer demand and operational efficiency", it added. Shares of V2 Retail Ltd on Thursday settle at Rs 1,643.75 on th

Avenue Supermarts' revenue increases 17.5% to Rs 15,565 crore in Q3

Avenue Supermarts Ltd, which owns and operates retail chain DMart, has reported 17.5 per cent increase in standalone revenue from operations at Rs 15,565.23 crore for the third quarter ended December 31, 2024. The company had posted a revenue of Rs 13,247.33 crore in December quarter a year ago, Avenue Supermarts informed BSE on Thursday. The total number of stores as of December 2024 stood at 387. Revenue for the quarter is subject to limited review by the statutory auditors of the company, it said. In October-December 2022-23, standalone revenue was Rs 11,304.58 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

CSB Bank shares surge 6% as loan, deposits grow over 20% in Q3FY25

CSB Bank share: CSB Bank's total deposits surged 22.17 per cent year-on-year (Y-o-Y) to Rs 33,406 crore in Q3FY25

RBI report sees economic recovery in Q3; FPI flows turns positive in Dec

The report further said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand

Tata Motors expects PV retail sales to sustain growth momentum in Q3

Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October. The segment reported a 7 per cent YoY increase to 6,03,009 units during the 42-day festival period this year. In September, PV retail sales had seen a dip of 19 per cent to 2,75,681 units. The Mumbai-based auto major saw its PV volumes decline 6 per cent YoY to 1,30,500 units in the July-September period hit by tepid demand. "In quarter three, we expect retail to be strong, driven by festivities and the year-end demand. Industry wholesale may be lower than retail, so as to reduce the channel inventory ahead of the new calendar year. That is for the industry," Tata Motors Passenger Vehicles MD Shailesh Chandra said in an analyst call. The automaker, on its part, will focus on driving ...

Reliance Power posts Rs 2,878 cr profit in Q2, income dips to Rs 1,962.7 cr

Reliance Power has posted a consolidated net profit of Rs 2,878.15 crore in the July-September quarter of this financial year. The company had reported a net loss of Rs 237.76 crore in the quarter ended September 30, 2023. Total income of the company dipped to Rs 1,962.77 crore in the quarter under review, from Rs 2,116.37 crore in the same period a year ago. The company has gained Rs 3,230.42 crore on deconsolidation of a subsidiary, the company said in a regulatory filing on Tuesday. Deconsolidation of a subsidiary occurs when assets, liabilities, and equity associated with the subsidiary are no longer reflected in the parent company's financial position. During the July-September quarter, Reliance Power has settled Rs 3,872 crore guarantor obligations for its subsidiary Vidarbha Industries Power Ltd (VIPL). "... The entire obligations of the Parent Company (Reliance Power) as a guarantor on behalf of VIPL stands fully settled resulting in the release and discharge of corporate

Merchandise exports estimated to grow at 1.85% in Oct-Dec: Exim Bank

The Export Import Bank of India on Tuesday said it expects India's merchandise exports to grow 1.85 per cent to USD 107.5 billion in the October-December period of 2024. The non-oil exports will grow 7.39 per cent to USD 91.7 billion, estimates released by the policy bank said. Non-oil and non-gems and jewellery exports are forecast to amount USD 82.7 billion, which will be a growth of 7.8 per cent over the last year, it said. "Positive growth in India's exports could be as a result of India's continued strong economic activity backed by sustained momentum in manufacturing and services sector, improving demand prospects in trading partners, supported by expected global monetary easing," it said. There are risks which make any outcome uncertain, including uncertain prospects in select advanced and emerging economies, geoeconomic fragmentation, the Middle East and West Asia crisis, risk of intensification of protectionist policies, and global supply chain disruptions, it said. The b

ArcelorMittal net income falls 69% to $287 mn in September quarter

ArcelorMittal, which also has a presence in India, on Thursday posted a 69 per cent fall in net income to USD 287 million during the third quarter, mainly on account of a decline in steel shipments. Luxembourg-based ArcelorMittal follows the January-December calendar as the financial year. In July-September 2023, it clocked USD 929 million "net income attributable to equity holders of the parent", the company said in a statement. The company recorded a net income of USD 504 million in the second quarter of 2024, the statement said. Globally, the medium- to long-term outlook for steel is positive, and ArcelorMittal will continue to harness its unique geographic presence and strong research and development capability to meet stakeholders' need, its Chief Executive Officer Aditya Mittal said. Demand is expected to be stronger in the second half of this year compared with 2023, and inventory levels are low, indicating that re-stocking will occur when real demand recovers. The increase

Apollo's Q3 profit increases 12% on gains from retirement business

The New York-based investor in private equity and corporate credit reported $856 million in income from its retirement business, marking its second-highest quarterly total for this category

Market today: US elections, Q2 results, Sagility IPO opens, Jio eyes IPO

While the market closely eyes the US presidential elections, corporate earnings and macroeconomic data will also be on radar

Canara Bank aims Rs 6,000 cr recovery in H2 FY25, expect Rs 3,000 cr in Q3

State-owned Canara Bank aims to recover about Rs 6,000 crore from bad loans during the second half of the current fiscal. "We are anticipating recovery somewhere about Rs 3,000 crore in the third quarter and a similar amount in the fourth quarter," Canara Bank managing director and CEO K Satyanarayana Raju told PTI. The bank has recovered Rs 2,905 crore, including recovery in written-off accounts, in the second quarter. Slippages would be much less than recovery as the bank would be underwriting good loans, Raju said. Asked about the initial public offering (IPO) of Canara Robeco Asset Management Company, he said it may happen in the fourth quarter of this financial year. The approval from the finance ministry for the IPO of Canara Robeco Asset Management Company (AMC) is expected shortly. The lender holds a 51 per cent stake in the mutual fund. It plans to offload a 13 per cent stake through IPO. Last December, Canara Bank gave an in-principle approval to start the process of l

Cognizant Q3 FY24 net up 10.8%; narrows revenue growth guidance for FY24

IT company reports 'large deals' in the quarter and 'momentum' in its AI services