Page 89 - Q3 Results

Jupiter Wagons Q3 results: Consolidated net profit rises 82% to Rs 81 crore

Jupiter Wagons Ltd on Tuesday reported a consolidated net profit of Rs 81.46 crore during the third quarter of the current fiscal, up by 82 per cent from Rs 44.59 crore in the corresponding period last year. The revenue from operation was Rs 895 crore during the October-December period of the 2023-24 financial year (FY'24) as compared to Rs 879 crore in the year-ago quarter, the company said in a regulatory filing. The wagon maker stated that its EBITDA margin expanded by 140 basis points. The order book stood at over Rs 7,000 crore, it said. The company closed a Qualified Institutional Placement (QIP) in December 2023, raising Rs 403 crore that provides the necessary fuel for ambitious growth plans, including setting up of a foundry, working capital requirements and backward integration through inorganic growth, the Kolkata-based mobility major said.

Nexus Select Trust Q3 results: Profit at Rs 107 cr, income at Rs 588 cr

Nexus Select Trust -- the country's first retail space-backed REIT-- on Tuesday reported a consolidated net profit of Rs 106.85 crore in the December quarter and announced the distribution of Rs 303 crore to unitholders in the form of interest and dividend. Total income stood at Rs 588.4 crore in the third quarter of this fiscal, according to a regulatory filing. The year-ago period numbers were not available as the company was listed last year. In a statement, the company said it has achieved net operating income (NOI) of Rs 418.5 crore in the October-December quarter of this fiscal, up 14 per cent from the year-ago period. "During the third quarter, we leased 0.25 million square feet achieving our highest-ever retail occupancy of 97.3 per cent. Our tenant sales grew by 8 per cent Year-on-Year (YoY) ahead of the market growth. Our net operating income grew by 14 per cent YoY and we are on track to achieve our guidance for FY24," Dalip Sehgal, Executive Director and Chief Executive

JB Pharma Q3 results: Profit after tax rises 26% on strong India biz

The domestic formulation business has been the growth driver during the quarter, clocking a 14 per cent Y-o-Y growth to Rs 462 crore

JB Chemicals & Pharma Q3 results: Net profit rises 26% to Rs 134 crore

JB Chemicals & Pharmaceuticals on Tuesday said its net profit rose 26 per cent to Rs 134 crore for the third quarter ended December 2023. The company reported a net profit of Rs 106 crore in the October-December period of the last fiscal. Revenue increased to Rs 845 crore in the third quarter compared to Rs 793 crore in the year-ago period, JB Pharma said in a statement. "Our focus on growing the domestic business ahead of the market continues, as reflected in the Q3 performance. The business once again stands out in this quarter," JB Pharma CEO and Wholetime Director Nikhil Chopra stated. In the international division, the formulations business is stable, he added. "Our approach to develop progressive portfolios is on track, resulting in a positive impact for the exports branded generics business," Chopra said. Shares of the company settled 1.18 per cent higher at Rs 1,724 apiece on the BSE.

Nykaa Q3 results: Net profit doubles to Rs 16.19 cr on festive demand

The company's consolidated net profit rose 97% to 161.9 million rupees ($1.95 million) in the third quarter ended Dec. 31. It had posted a drop in net profit in three of its previous five quarters

Welspun Corp Q3 results: Net profit jumps multi-fold to Rs 294 crore

Welspun Corp Ltd (WCL) on Tuesday posted a multi-fold jump in its consolidated net profit to Rs 293.70 crore in the quarter ended December 2023. It had reported a consolidated net profit of Rs 23.22 crore during the October-December period of preceding 2022-23 financial year, the company said in a regulatory filing. The company's total income doubled to Rs 4,758.17 crore over Rs 2,410.33 crore in the same quarter a year ago. Expenses were at Rs 4,438.79 crore as against Rs 2,386.80 crore in the third quarter of the last fiscal. In a statement, B K Goenka, Chairman of Welspun Group, said, "Operational and financial performances continued to remain strong for Q3 and 9MFY24. As per our planned strategy, we have finalised our foray into the plastic pipes segment, which provides us with a huge opportunity to leverage Sintex brand value." The company has also finalised an investment in ductile iron (DI) pipes in the Middle East region, he said. According to the statement, the company's

Eveready Industries Q3 results: Profit jumps 55% on lower expenses

Lithium prices, a key raw material for battery makers, were down in the quarter, helping offset beleaguered rural demand for batteries and flashlights

Godrej Properties Q3 results: Profit rises 11% to Rs 63 cr; bookings up 76%

Godrej Properties on Tuesday reported an 11 per cent increase in its consolidated net profit to Rs 62.72 crore in the December quarter, while sales bookings grew 76 per cent annually to Rs 5,720 crore during the period on better housing demand. The realty firm's net profit stood at Rs 56.40 crore in the year-ago period. Total income rose to Rs 548.31 crore in the third quarter of this fiscal year from Rs 404.58 crore in the corresponding period of the previous year, according to a regulatory filing. Godrej Properties said its sales bookings grew by 76 per cent Year-on-Year (YoY) to Rs 5,720 crore in the October-December period. In the first nine months of this fiscal, sales bookings rose 59 per cent YoY to Rs 13,008 crore. "Booking value in the first nine months of 2023-24 was 106 per cent of booking value for the entire FY'23, which was the company's previous best-ever year." Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate

Sensex surges 455 pts, Nifty tops 21,900; IT index jumps 3%, YES Bank 12%

Stock market highlights on February 6, 2024: The Nifty Auto, Metal, and Pharma added over 1 per cent each

Gulf Oil Lubricants Q3 results: Profit after tax rises 29% to Rs 80.74 cr

Lubes maker Gulf Oil Lubricants has reported a 29 per cent rise in profit after tax to Rs 80.74 crore in the December 2023 quarter. Gulf Oil Lubricant delivered a PAT of Rs 62.65 crore in the same quarter of 2022, the company said in a statement. The company's revenue from operations for the third quarter of this fiscal increased 4.63 per cent to Rs 817.26 crore from Rs 781.10 crore in the year-ago period, it added. The company said it also delivered the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) at Rs 111.06 crore during the period under review, 23.38 per cent higher compared to Rs 90.02 crore a year ago. Strong momentum was maintained during the quarter, and a good uptick in volume was majorly driven by growth in agri and PCMO (passenger car motor oil), Gulf Oil said. Its managing director and CEO Ravi Chawla said, "Our key focus remains on strategic, sustainable, and profitable growth across our portfolio". This quarter witne

Usha Martin Q3 results: Profit rises 28% to Rs 107 cr on reduced expenses

Usha Martin on Tuesday posted a 28 per cent rise in its consolidated net profit at Rs 107.51 crore in the December quarter due to reduced expenses. It had clocked a profit of Rs 84.07 crore in the October-December period of 2022-23, the company said in an exchange filing. The company's total income fell to Rs 802.98 crore over Rs 838.03 crore a year ago. Its total expenses were trimmed to Rs 665.09 crore from Rs 731.28 crore in the third quarter of last fiscal. Usha Martin's wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and, the UK produce the widest range of wire ropes that find application in various industries across the world.

Cholamandalam Financial Holdings posts consolidated Q3 PAT at Rs 1,027 cr

Cholamandalam Financial Holdings Ltd has recorded a consolidated profit after tax of Rs 1,027 crore for the October-December 2023 quarter, the company said on Tuesday. The city-headquartered company, part of the diversified conglomerate Murugappa Group, had registered a consolidated profit after tax at Rs 720.16 crore, during the corresponding quarter of last year.Total income for the quarter under review grew to Rs 6,842.03 crore, from Rs 4,776.75 crore registered year ago. The consolidated profit after tax for the nine month period ended December 31, 2023 grew to Rs 2,706.81 crore, from Rs 1,908.85 crore registered in the same period of last year. The consolidated total income for the nine month period ended December 31, 2023 surged to Rs 18,928.85 crore, from Rs 13,094.80 crore registered in the same period of last year. Cholamandalam Investment and Finance Company Ltd, in which Cholamandalam Financial Holdings Ltd has 44.41 per cent stake, disbursed Rs 22,383 crore, during the

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The stock has rallied over 67 per cent since late November, and looks to be favourably placed on multiple time-frames as per the technical charts.

Stocks to Watch today, Feb 6:Paytm, BLS E-Services, Adani Power, ZEE, Nykaa

Stocks to Watch on Tuesday, February 6, 2024: Paytm has denied reports about investigation or violation of foreign exchange rules

Cement sales growth in Q3 subdued at 3-4%, say industry executives

Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in Bihar, Jharkhand

GAIL's stronger-than-expected Q3FY24 performance may be priced in

The management claimed improved realisation was key and higher petrochemical sales, improved marketing margins, and reduced petchem costs contributed to the good performance

UPL stock slumps 11% on weak Q3 performance, triggers downgrades

Weak near-term outlook could worsen cash flows for the company

Bharti Airtel Q3 results: Consolidated net profit rises 54% to Rs 2,442 cr

ARPU rises to Rs 208 from Rs 203 in Q2

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

SBI news: Union Finance Minister Nirmala Sitharaman has reportedly said the government is open to the idea of disinvestment of equity stake in blue-chip public sector undertakings, including SBI

Fusion Micro Finance Q3 results: Profit rises 23% to Rs 126 crore

Fusion Micro Finance on Monday reported a 23 per cent increase in net profit to Rs 126 crore in the third quarter ended in December 2023 aided by higher interest income. The microfinance entity had earned a net profit of Rs 102 crore in the same quarter a year ago. Its total income increased to Rs 613 crore in the quarter against Rs 467 crore in the year-ago period, Fusion Micro Finance said in a regulatory filing. The interest income improved to Rs 540 crore from Rs 420 crore in the same quarter of the previous financial year. Net interest income (NII) increased 36 per cent to Rs 337 crore from Rs 248 crore in the same quarter a year ago. Its asset under management (AUM) grew by 24 per cent to Rs 10,026 crore compared to Rs 10,693 at the end of December 2023. The Gross Non-performing Assets (NPAs) of the company declined to 3.04 per cent as compared to 3.69 per cent at the end of December 2022.