Page 86 - Q3 Results

AM/NS India Q3 results: Ebitda up 208% at $499 mn on higher steel shipments

AM/NS India achieved a record crude steel production in December 2023, reaching an 8.1 million tonne (mt) run rate, close to the 8.6 mt capacity debottlenecking target

Zomato Q3 results: Net profit rises 283% to Rs 138 crore, revenue up 69%

The company reported a loss of Rs 347 crore during the corresponding period last year. The results were also ahead of analyst expectations on both revenue and net profit fronts

Medanta Q3 results: Profit up 53% at Rs 123.54 cr, revenue up 19.9%

Consolidated net profit fell by 1.29 per cent from Rs 125.16 crore, whereas revenue fell by 1.34 per cent from Rs 843.93 crore in Q2 FY24

Ads take Blinkit past Zomato's food delivery business growth in Q3

According to Blinkit's top management, the platform is emerging as a preferred advertising platform for both large and emerging brands in the country

LIC surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn

LIC with a market cap of Rs 7.24 trillion overtook Infosys to break into the top-5 club; Stock has gained 38 per cent in the last one month.

Surya Roshni Q3 results: Net profit at Rs 90 crore; revenue falls 4%

Lighting products and pipe maker Surya Roshni Ltd on Thursday reported a muted growth in consolidated net profit at Rs 90.10 crore in the third quarter ended December 2023 on account of slowdown of demand. It had posted a consolidated net profit of Rs 89.66 crore in the October-December period a year ago, according to a regulatory filing from Surya Roshni. Its revenue from operations was down 4.13 per cent to Rs 1,937.80 crore during the quarter under review. It was at Rs 2,021.28 crore in the corresponding quarter. "The company reported a slight dip in revenue on account of slow down of demand of high value-added products in steel pipes business and flattish growth in lighting and consumer durables segment," the company said in an earnings statement. Total expenses of Surya Roshini were at Rs 1,820.52 crore, down 4.15 per cent in the December quarter. Surya Roshni's total income in the December quarter was at Rs 1,941.56 crore, down 3.98 per cent. Revenue from steel pipe and str

LIC Q3FY24 results: Net profit rises 49.1% to Rs 9,444.42 crore

During the July-September quarter of FY24, the insurer had reported a net profit of Rs 7925.015 crore

Global Health Q3 results: Profit up 52% at Rs 123 cr, revenue at Rs 833 cr

Global Health, which operates hospitals under the Medanta brand, on Thursday reported a 52 per cent increase in consolidated net profit at Rs 123 crore for the third quarter ended December 2023 on the back of increased in-patient volume and improved realisation. The healthcare provider had reported a net profit of Rs 81 crore in the year-ago period. Revenue from operations rose to Rs 833 crore in the third quarter of the current fiscal from Rs 694 crore in the year-ago period, the Gurugram headquartered firm said in a regulatory filing. "In Q3 FY2024, both our matured and developing units delivered robust revenue growth of 17 and 33 per cent year-no-year respectively," Global Health Ltd Group CEO and Director Pankaj Sahni said. The growth was primarily driven by increased in-patient volume and improved realisation, he added.

Biocon Q3FY24 results: Net profit at Rs 660 crore, revenue up 50%

Biocon's overall growth was boosted by the conclusion of the transition of the acquired business by Biocon Biologics and pre-payment of $200 million towards the acquisition-related debt reduction

Suryoday Small Finance Bank Q3 results: Profit rises 3-fold to Rs 57 cr

Suryoday Small Finance Bank on Thursday reported an over three-fold jump in net profit to Rs 57 crore in the third quarter ended December 2023, aided by higher core income and reduction in bad loans. The bank had earned a net profit of Rs 18 crore in the same quarter a year ago. Its total income increased to Rs 463 crore in the quarter against Rs 317 crore in the year-ago period, Suryoday Small Finance Bank said in a regulatory filing. The interest income improved to Rs 411 crore from Rs 292 crore in the same quarter of the previous financial year. Net interest income (NII) increased 34 per cent to Rs 246 crore from Rs 183 crore in the same quarter a year ago. The Gross Non-performing Assets (NPAs) of the bank declined to 2.9 per cent as compared to 4.2 per cent at the end of December 2022. Similarly, net NPA also came down to 1.4 per cent from 2.7 per cent recorded in the third quarter of previous fiscal. As a result, provisions and contingencies declined to Rs 38 crore as comp

Aster DM Healthcare Q3 results: Profit rises 28.6% to Rs 179 crore

Consolidated net profit for the third quarter rose 28.6% to Rs 179 cr ($21.6 million), the company said on Thursday

Patanjali Foods Q3FY24 results: Net profit declines 19.55% to Rs 216.54 cr

However, the company's net sales saw a rise of 0.2 per cent to Rs 7,910.70 crore from Rs 7,926.64 in the year-ago period

Grasim Industries Q3 results: Net profit rises 48% to Rs 1,514 crore

On a standalone basis, the net profit for the quarter was Rs 236 crore in the December 2023 quarter as compared to Rs 257 crore reported in December 2022

Ramco Cements Q3 results: Profit rises 39% to Rs 93.38 cr, misses view

Heavy rainfall in Tamil Nadu state due to cyclone Michaung and Telangana state polls hindered demand in southern India, from where it derived 75% of its sales volumes in the last quarter

Bombay Dyeing Q3 results: Profit at Rs 3,054 crore on gain from land sale

The Mumbai-based company's primary revenue-generating segment, polyester, which accounted for about 95% of its revenue, fell by 11%

Torrent Power Q3 results: Net profit declines by 46% to Rs 374 crore

Torrent Power on Thursday reported a 46 per cent dip in its consolidated net profit to Rs 374 crore in the December quarter compared to the year-ago period mainly due to lower revenues. The company reported a net profit of Rs 695 crore in the third quarter of FY 2022-23, a company statement said. Revenue from operations stood at Rs 6,366 crore in the December quarter of FY2023-24 compared to Rs 6,443 crore in Q3 of FY 2022-23. Earning before interest, depreciation and tax (EBIDTA) for Q3 of FY 2023-24 was lower due to a reduction in net gain from trading of LNG and merchant power sales by Rs 478 crore compared to the corresponding quarter of last year. Adjusted for the above gain in the third quarter of FY 2022-23, adjusted earnings before interest, depreciation and tax (EBIDTA) and PAT for Q3 FY 2023-24 were higher by Rs 49 crore and Rs 31 crore respectively as compared to Q3 FY 2022-23, it stated. The major reasons for higher adjusted PAT for the quarter on y-o-y basis include a

United Breweries Q3 results: Profit at Rs 84.85 crore, revenue up 12.3%

The Kingfisher beer maker reported a standalone profit of Rs 84.85 crore (nearly $10 million) for the quarter ended Dec. 31, compared with a loss of Rs 2.1 crore a year earlier

Honeywell Automation Q3 results: Profit jumps to Rs 128 cr on govt spending

Profit at the Indian arm of U.S.conglomerate Honeywell International was Rs 128 crore ($15.4 million) for the three months ended Dec. 31, compared with 1.06 billion rupees a year earlier

Balrampur Chini Q3 results: Net profit nearly doubles to Rs 91 crore

Leading sugar producer Balrampur Chini Mills Limited (BCML), on Thursday reported a 97 per cent jump in consolidated net profit to Rs 91.32 crore in the third quarter ended December 2023 on the back of better margins, against Rs 46.28 crore profit registered in the corresponding quarter last year. Revenue from operations for the quarter ended was Rs 1230.39 crore as against Rs 981.16 crore in the corresponding quarter of the last year, representing an increase of 25 per cent, the company said in a statement. EBITDA (excluding Other Income) during the quarter under review was higher by 42 per cent to Rs 113.39 crore as against Rs 79.67 crore in the corresponding quarter of the last year. BCML Chairman and Managing Director Vivek Saraogi said, "This quarter resulted in an improved supply of sugarcane for our operations. Overall, with our focused efforts on enhancing sugarcane quality and quantity, our cane development initiatives are on track and we expect to crush about 10 per cent

JK Lakshmi Cement Q3 results: Profit jumps 69% to Rs 124 crore on demand

The company, the construction materials arm of JK Group, said net profit after tax rose to Rs 124 crore (around $15 mn) for the quarter ended Dec 31, from Rs 73.59 crore a year earlier