Page 85 - Q3 Results

Tata Power Q3FY24 results: Net profit remains muted at Rs 953 crore

The net sales for the company in the same period also registered a modest growth of 3.7 per cent to Rs 14,651 crore from a year ago

Hero MotoCorp Q3FY24 results: Net profit rises 51.3% to Rs 1,091.12 cr

Volume sales increase by 17.74% in Q3; high demand for premium products

Volume outlook remains strong for Varun Beverages after stellar Q3 results

The Indian market led on the volume front, experiencing a growth of 19 per cent, while international markets posted a 16 per cent growth

New India Assurance Q3FY24 results: Net profit falls 4.38% to Rs 715 crore

The company had posted a loss of nearly Rs 200 crore in the second quarter of FY24

Reliance Infra Q3 results: Net loss widens to Rs 421 cr on higher expenses

Reliance Infrastructure Ltd on Friday reported widening of consolidated net loss to Rs 421.17 crore in the December quarter, due to higher expenses. It had clocked a net loss of Rs 267.46 crore in the year-ago period, the company said in an exchange filing. The company's total income, however, rose to Rs 4,717.09 crore from Rs 4,224.64 crore in the same period a year ago. Its expenses surged to Rs 5,068.71 crore from Rs 4,840.87 crore in the third quarter of the previous fiscal. Reliance Infrastructure is engaged in the business of providing engineering and construction services for power, roads, metro rail, and other infrastructure sectors.

Dish TV India Q3 results: Net loss narrows marginally to Rs 2.83 cr

Direct-to-Home operator Dish TV India on Friday reported a marginal narrowing of consolidated net loss at Rs 2.83 crore in the third quarter ended December 23, 2023. The company had posted a consolidated net loss of Rs 2.85 crore in the same quarter last fiscal, Dish TV said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 470.27 crore as against Rs 552.09 crore in the year-ago quarter, it added. Total expenses in the third quarter were lower at Rs 471.82 crore as compared to Rs 567.16 crore in the same period a year ago. Dish TV India said it continued to gain incremental subscriber market share during the third quarter. However, due to subscribers shifting between platforms churn rates remained high thus resulting in overall negative net additions during the quarter, it added. "Our new subscriber additions during the quarter were impressive, not only because the numbers were strong but also because none of those added were

Inox Wind Q3 results: Profit rises to Rs 1.81 cr on back of higher revenues

Inox Wind on Friday posted a consolidated net profit of Rs 1.81 crore in the December 2023 quarter on the back of higher revenues. It had suffered a loss of Rs 287.86 crore in the October-December quarter a year ago, Inox Wind said in an exchange filing. The company's total income rose to Rs 506.88 crore in the reporting quarter from Rs 237.68 crore in the year-ago period. In a separate statement, the company said its EBIDTA was at Rs 99.5 crore in the quarter against an EBITDA loss of Rs 172.5 crore in the same quarter of 2022-23. The company's orderbook stood at 2.6 GW, the statement said. Devansh Jain, Executive Director, INOXGFL Group said efforts put in over the last few quarters have yielded a remarkable turnaround for Inox Wind in the third quarter, which is reflected in the current order book and the reported numbers. "I firmly believe that we have just embarked on a massive growth journey. With all the levers aligned, which includes the strong promoter backing of the com

Emami Q3 results: Net profit rises 8.9% to Rs 258.41 cr, revenue up 1.38%

Emami said the third quarter witnessed subdued demand trends, particularly in rural markets

Zydus Lifesciences Q3FY24 results: Profit up 27% at Rs 790 crore

Zydus Lifesciences on Friday said its consolidated net profit increased by 27 per cent to Rs 790 crore in the third quarter ended December 31, 2023. The drugmaker had reported a net profit of Rs 623 crore in the October-December period a year ago. Revenue increased to Rs 4,505 crore in the third quarter from Rs 4,257 crore in the year-ago period, Zydus Lifesciences said in a statement. The company said its board has approved a proposal to buy back shares of up to Rs 600 crore. "We are pleased with our Q3 FY24 performance, particularly with a strong recovery in the domestic formulations business and a resilient US base business," Zydus Lifesciences Managing Director Sharvil Patel said. He further said: "We are optimistic about our growth prospects driven by a differentiated portfolio in the US, continued performance of key brands, well supported by a robust execution engine." The company remains on track to end the fiscal year 2024 with a healthy double-digit revenue growth, Patel

Hero MotoCorp Q3FY24 results: Profit rises 60% to Rs 1,073 crore

Indian consumers tend to splurge during the festival period, regarded as an auspicious time for big-ticket purchases such as cars, two-wheelers and electronic goods

Mamaearth Q3 results: Profit rises 264% to Rs 25.9 cr, revenue jumps 28%

Weak consumer demand impacts sequential performance

Zaggle Prepaid Q3 results: Profit rises 92.7% to Rs 19.5 cr, revenue up 35%

New credit card offerings and lower finance costs helped fintech player Zaggle Prepaid Ocean Services Ltd post a strong 35 per cent growth in revenue in the December quarter, a top company official said on Friday. The fintech player, which provides spend management products and solutions, also said that its recent Rs 200 crore deal with Torrent Gas Ltd offers significant volume and margin potential. Zaggle reported its all-time high quarterly revenue of Rs 199.5 crore for the October-December quarter of 2023-24, a growth of 35.1 per cent over Rs 147 crore in the year-ago period. "The record-breaking performance is a result of our product portfolio's strategic diversification and the successful launch of commercial credit card offerings," Zaggle executive chairman and founder Raj P Narayanam said. "With Torrent Gas Ltd joining as a client, we have entered the fleet loyalty card program, offering significant volume and margin potential," he said, adding that the company is tapping in

Bandhan Bank Q3 results: Net profit jumps over two-fold to Rs 733 crore

The bank's total income increased to Rs 5,210 crore in the latest December quarter from Rs 4,840.94 crore a year-ago, the bank said in a regulatory filing

Mid, small-caps nurse losses as benchmarks stay rangebound; PSU stocks sink

Stock market LIVE updates on February 9, 2024: The BSE MidCap and SmallCap indices also declined in line with the benchmarks, down up to 0.2 per cent

Emami Q3 results: PAT up 12% at Rs 261 cr due to reduced input costs

FMCG major Emami Ltd on Friday reported 11.88 per cent rise in consolidated profit after tax at Rs 260.65 crore for December quarter 2023-24, helped by improvement of margins due to reduced input costs. The company had logged a net profit of Rs 232.97 crore in October-December FY23, according to a regulatory filing from Emami. Revenue from operations was up 1.38 per cent to Rs 996.32 crore during the quarter under review as against Rs 982.72 crore in the corresponding quarter. Revenue was flat in the domestic business. However, non-winter products grew 5 per cent. The international business delivered a constant currency growth of 11 per cent, said the Kolkata-headquartered firm in its earning statement. On margins, Emami said due to reduced input costs, the company experienced a noteworthy enhancement in gross margins, reaching 68.8 per cent, reflecting a substantial expansion of 290 basis points during the quarter. In December quarter, EBITDA was Rs 315 crore, higher by 7 per cen

OYO expects consistent PAT rise in upcoming quarters: CEO Ritesh Agarwal

Hospitality and travel-tech firm OYO expects a consistent rise in its Profit After Tax (PAT) after doubling it sequentially in Q3 FY24 to Rs 30 crore, according to company Founder & CEO Ritesh Agarwal. Agarwal shared the update about the two-fold increase in the company's profit during an employee town hall on Friday. Oravel Stays Ltd, which operates travel tech brand OYO, had its maiden profitable quarter in Q2 FY24 with a PAT of Rs 16 crore. "In the upcoming quarters, we anticipate a consistent rise in PAT, driven by enhanced patron confidence, improved customer experience , and favourable market conditions conducive to sustained growth," Agarwal told the employees. He also informed the staff that the company clocked adjusted EBITDA of Rs 750 crore in FY23 and expects to clock adjusted EBITDA of Rs 1,000 crore in FY24, surpassing its earlier projection of Rs 800 crore for FY24. When contacted, OYO spokesperson declined to comment. Last year OYO had prepaid Rs 1,620 crore debt .

Shriram Life Insurance's net profit jumps 61% to Rs 50 cr in Dec quarter

The insurer reported individual new business premium income of Rs 237 cr for its third quarter, raising its total premium income to Rs 842 cr in Q3FY24

Nissan shares plummet 11.7% as Q3 earnings highlight China worries

That helped the automaker increase sales by 19% year-on-year to 247,000 vehicles in the final three months of last year, he said

Stocks to Watch today, Feb 9: LIC, Zomato, Airtel, Paytm, Hero Moto, ZEE

Stocks to Watch on Friday, February 9, 2024: LIC of India reported a 49.10 per cent year-on- year (Y-o-Y) growth in net profit, at Rs 9,444.4 crore, during Q3FY24

Apollo Hospitals profit rises 60% in Q3; digital biz achieves break-even

The company's revenue from operations was seen up by 14 per cent in FY24 to Rs 4850.6 crore, compared to Rs 4,263.6 crore during the third quarter of 2022-23