Page 83 - Q3 Results

Siemens Q3 results: Net profit up 9% at Rs 505 crore, revenue rises 17%

In his outlook, Mathur said, 'Capex demand across segments, largely driven by Capex spending in Public Infrastructure, continues to be good. Private Capex is also beginning to pick up'

Dredging Corporation Q3 results: Profit jumps over two-fold to Rs 27.22 cr

Dredging Corporation of India Ltd (DCI) on Tuesday posted two-fold jump in net profit at Rs 27.22 crore for the quarter ended December 31, supported by lower expenses. It had reported a net profit of Rs 13.83 crore for the October-December period of 2022-23, the company said in a BSE filing. Total income fell to Rs 266.23 crore from Rs 372.30 crore a year ago. The company trimmed its expenses to Rs 238.52 crore from Rs 358.10 crore a year ago. In a separate statement, the company said its earnings before interest, taxes, depreciation & amortization (EBIDTA) in Q3 FY24 was at Rs 69.59 crore as against Rs 59.71 crore in the same quarter last year. "The third quarter witnessed successful completion of several significant dredging projects, contributing significantly to our revenue surge. Our expertise in executing complex projects has solidified the company's position as a preferred partner for clients seeking efficient and sustainable solutions," company's Chairman Madhaiyaan ...

Zee Entertainment Q3 results: Profit more than doubles to Rs 58.5 crore

Zee's profit rose to Rs 58.5 crore ($7.05 million) for the three months ended Dec. 31 from Rs 24.3 crore a year ago

Hindustan Copper Q3 results: Profit falls 21% to Rs 63 cr on lower revenue

State-owned Hindustan Copper on Tuesday reported 21.44 per cent decline in consolidated net profit at Rs 63 crore for the quarter ended December 31, 2023 due to lower revenue from operations. The company had posted a net profit of Rs 80.20 crore for the year-ago period, Hindustan Copper said in a filing to BSE. Revenue from operations in the quarter dropped to Rs 399.29 crore from Rs 557.04 crore in the year-ago period. Hindustan Copper is under the administrative control of Ministry of Mines.

Power Mech Projects Q3 results: Net profit rises 22% to Rs 62 crore

Power Mech Projects Ltd on Tuesday posted a 22.5 per cent rise in consolidated net profit to Rs 62 crore for the quarter ended December 2023, aided by higher income. It had reported a net profit of Rs 50.6 crore in the October-December period of the preceding financial year, the company said in an exchange filing. Its total income rose to Rs 1,114.9 crore from Rs 912 crore a year ago. Expenses stood at Rs 1,008.2 crore against Rs 840.9 crore in the third quarter of the last fiscal. Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies providing a spectrum of services in the power and infrastructure sectors.

GE Power India Q3 results: Net profit at Rs 37 lakh on fall in expenses

GE Power India has turned profitable with a marginal net profit of Rs 37 lakh in December 2023 quarter, supported by a fall in expenses. It had reported a net loss of Rs 139.9 crore in the October-December period of preceding financial year, the company said in an exchange filing on Monday. The company's total income fell to Rs 491.2 crore from Rs 544.5 crore a year ago. Expenses trimmed to Rs 493.1 crore in the reporting quarter from Rs 563.9 crore in the same period last fiscal. In a separate statement, the company said December quarter ended with an order backlog of Rs 3,437.4 crore, down by 14.5 per cent compared to Rs 4,019.7 crore in December 2022. Prashant Jain, Managing Director, GE Power India, said, "In the third quarter of the financial year 2023-24, we continue to see that FGD (flue gas desulfurization) and Hydro PSP (pumped storage project) opportunities are converting to orders slower than anticipated." The services business continues to grow with 56 per cent more o

Bosch Q3 results: Profit up 62% driven by high sales in automotive segment

Overall product sales of the automotive segment have increased by 16.8 per cent compared to the same quarter of the previous year

Manali Petrochemicals Q3 results: PAT at Rs 2.9 cr on cost of raw materials

Manali Petrochemicals Ltd has reported a dip in its consolidated profit after tax for the October-December 2023 quarter at Rs 2.94 crore, due to a continuous rise in the cost of raw materials. The Chennai-based petrochemicals manufacturing company registered a consolidated profit after tax at Rs 3.15 crore, during the corresponding quarter of last year. The consolidated net profits for the April-December 2023 period slipped to Rs 17.91 crore, as compared to Rs 51.11 crore registered a year ago. Total income on a consolidated basis during the quarter under review stood at Rs 212.47 crore, as against Rs 244.20 crore registered in the same period of last fiscal. The consolidated total income for the nine months ending December 31, 2023, declined to Rs 798.88 crore from Rs 866.37 crore registered during the corresponding period of the last financial year. "The continued dumping of imported materials at cheaper prices and the increase in raw materials cost have impacted our margins for .

Allcargo Logistics Q3 results: PAT down 88% at Rs 17 cr, revenue falls 22%

Allcargo Logistics Ltd on Tuesday reported an 88 per cent decline in consolidated Profit After Tax (PAT) to Rs 17 crore in the December quarter. The company had posted a consolidated PAT of Rs 146 crore in the year-ago period, Allcargo Logistics said. Revenue from operations in the third quarter of the ongoing fiscal fell 22 per cent to Rs 3,212 crore from Rs 4,127 crore a year ago, the company said. The company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 111 crore during the quarter under review as against Rs 253 crore, registering a 56 per cent decline, it said. The company said it expects the global trade to revive in the second half of 2024. In the near term, Red Sea crisis has taken out some capacity from the market, leading to a balance against subdued demand, which should have marginal positive impact in the June quarter, Allcargo said. It also said the company has undertaken major cost reduction initiatives that will help signific

KRBL Q3 results: Profit declines nearly 35% on weak export demand

Consolidated net profit was 1.34 billion rupees ($16.1 million) for the quarter ended Dec. 31, compared with 2.05 billion rupees a year earlier

Bosch Q3 results: Profit rises 62.5% on healthy auto parts demand

The company's net profit rose year-on-year to Rs 518 crore ($62.4 million) in the three months to Dec 31

Ashiana Housing Q3 results: Profit jumps three-fold to Rs 28 crore

Realty firm Ashiana Housing has reported a more than three-fold jump in its consolidated profit after tax to Rs 27.8 crore for the quarter ended December on better income amid surge in demand for residential properties. Its profit stood at Rs 9.05 crore in the year-ago period. Total income rose to Rs 189.25 crore during the October-December period of this fiscal from Rs 135.31 crore in the corresponding period of the previous year, according to a regulatory filing on Monday. Ashiana Housing's profit after tax increases sharply to Rs 66.02 crore during the April-December period of this fiscal year from Rs 17.50 crore in the year-ago period. Total income increased to Rs. 669.56 crore in the first nine months of this fiscal from Rs 308.25 crore in the corresponding period of the previous year. Delhi-based Ashiana Housing is one of the leading real estate firms in the country. It has a presence in Gurugram, Jaipur, Pune, Jamshedpur, Bhiwadi, Jodhpur and Chennai. The company is mainly

Arvind Fashions Q3 result: Revenue rises 5% to Rs 1,125 cr, shares down 9%

The company's shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks

Sensex ends choppy session 483 pts up; banks, IT stocks rally, metals slide

Stock market updates on February 13, 2024: In the broader markets, indices swung between zones with the BSE MidCap and SmallCap indices, eventually, closing 0.6% and 0.18% up, respectively

Suraj Estate Developers Q3 results: PAT at Rs 16 cr, debt falls by 38%

Suraj Estate Developers Ltd, a real estate player focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects, has pared its debt level by 38 per cent to Rs 340.86 crore in the current quarter, a company statement said on Tuesday. The company had a debt level of Rs 554.3 crore as of September 30, 2023. Suraj Estate Developers repaid high-cost debt to the tune of Rs 285 crores in the month of January 2024 using the IPO proceeds, the company said. An additional Rs 23.5 crores of unsecured debt is repaid from gross collection proceeds, resulting in lower interest costs and strengthened balance sheet. We shall see this benefit of reduced interest costs from Q4FY24 onwards, Rahul Thomas, Executive Director, Suraj Estate Developers, said. The realty player raised around Rs 400 crore through an initial public offering in December last year. It was listed on exchanges on December 26. Suraj Developers reported a sequential 2.4 per cent growth in total income

Hindalco tanks 15% post Novelis December quarter results

Novelis has significantly increased its planned capex spends for its green field expansion at Bay Minette plant from $2.7-2.8 billion to $4.1 billion.

Stocks to Watch today: GMR Airports, IRCTC, Paytm, HEG, Lemon Tree, PSUs

Stocks to watch on Tuesday, February 13, 2024: IRCTC, BHEL, Hindalco, National Aluminium, Siemens and Zee Entertainment are few of the prominent companies scheduled to announce Q3 results today.

Kirloskar Oil Engines Q3 results: Net profit rises 21% to 82 crore

Net sales for the third quarter of this fiscal stood at Rs 1,125 crore, up from Rs 990 crore in the year-ago period, registering an increase of 14 per cent, it said

Near term positive for Delhivery as firm clocks first profit in Q3

Stellar Q3 results, strategic buys position firm for continued success in beverage market

BLS International Services Q3 results: Profit rises by 90% to Rs 87 cr

Visa service provider BLS International Services on Monday reported a 90 per cent year-on-year rise in net profit to Rs 87.18 crore for the quarter ending December 2023, primarily driven by an improved business mix. The New Delhi-headquartered company had posted a profit of Rs 45.85 crore in the year-ago period. The company's consolidated revenue stood at Rs 437.9 crore for the December quarter in FY24 and operating EBITDA witnessed a growth of 33.6 per cent to Rs 88.6 crore, according to a regulatory filing. "The company's operating EBITDA margins continue to be in excess of 20 per cent; primarily driven by an improved business mix, specifically in the visa and consular services segment," BLS said. BLS shares ended at Rs 363.70 apiece on the BSE, down by 5.51 per cent over Friday close. The company continued to maintain healthy balance sheet with cash and cash equivalents of Rs 754 crore as of December 31, 2023. For the nine months ended December of 2023, operational revenue of