Page 90 - Q3 Results

LIC soars 6%, crosses the Rs 1,000-mark for the first time ever

The stock hit a new all-time high at Rs 1,028 amid a sharp rally in public sector undertaking (PSU) stocks

Orient Cement Q3 results: Net profit rises by 63.5% to Rs 45 crore

CK Birla group firm Orient Cement Ltd on Monday reported a 63.54 per cent increase in consolidated net profit to Rs 44.99 crore for the December quarter. The company had reported a net profit of Rs 27.51 crore in the year-ago period, Orient Cement Ltd (OCL) said in a regulatory filing. Its revenue from operations rose 2.6 per cent to Rs 751.30 crore during the quarter under review from Rs 732.29 crore a year ago. OCL's total expenses were down 1 per cent to Rs 681.44 crore in the third quarter of the ongoing fiscal. Its total income was at Rs 753.22 crore, up 2.7 per cent in the December quarter. Meanwhile, in a separate filing, OCL said its board has approved the reappointment of Desh Deepak Khetrapal as the Managing Director and Chief Executive Officer of the company, subject to approval of the shareholders, for a period of one year. Shares of Orient Cement Ltd on Monday settled at Rs 267.10 on the BSE, down 4.42 per cent from its previous close.

Ashok Leyland Q3 results: Net profit jumps 73% to Rs 608.85 crore

The company achieved a historic high commercial vehicle volume of 1,38,416 units in the first nine months of the fiscal year

Kansai Nerolac Paints Q3 results: Net profit rises 39.6% to Rs 152 cr

Kansai Nerolac Paints Ltd on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing. Its revenue from operations was up 5 per cent to Rs 1,918.71 crore in the third quarter of the ongoing fiscal from Rs 1,826.81 crore in the year-ago period. Total expenses of Kansai Nerolac Paints were up 2.72 per cent to Rs 1,730.61 crore in the December quarter. Commenting on the results, Managing Director Anuj Jain said, "The quarter saw good demand for industrial coatings. Decorative demand was also good as it registered double-digit volume growth, driven by the festive season." Raw material prices were stable despite volatility in crude. "Gross margins improved over the corresponding quarter last year. The company continues to see traction as regards to initiati

Triveni Turbine Q3 results: Net profit grows 30% to Rs 68.30 crore

Triveni Turbine on Monday posted a 30 per cent rise in consolidated net profit to Rs 68.30 crore in the December quarter, aided by higher income. It had clocked a net profit of Rs 52.60 crore in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 448.92 crore in the third quarter of the ongoing fiscal from Rs 337.70 crore a year ago. Expenses rose to Rs 354.06 crore from Rs 267.66 crore in the third quarter last fiscal. In a statement, company's CMD Dhruv M Sawhney said the order booking during the April-December period grew 27 per cent to Rs 1,443 crore, with export contribution increasing to 53 per cent as against 42 per cent in the previous corresponding period. The robust growth in order booking, along with an improved export contribution, provides good visibility for both revenues and profitability for the next year, he said. The company's EBITDA rose 34 per cent to Rs 100.9 crore from Rs 75 crore in the same period a year ago.

Insecticides (India) Ltd Q3 results: Net profit rises 37% to Rs 17.07 crore

Insecticides (India) Ltd on Monday posted a 37.21 per cent rise in its consolidated profit to Rs 17.07 crore in the December 2023 quarter. The company's profit stood at Rs 12.44 crore in the October-December quarter in the year-ago period, according to a regulatory filing. Total income remained flat at Rs 357.94 crore on a consolidated basis during the third quarter of this fiscal. It posted a total income of Rs 356.53 crore in the same quarter of the previous fiscal. Expenses were at Rs 342.13 crore during the period under review. It stood at Rs 344.54 crore a year ago, the filing said. Shares of the company settled 1.96 per cent higher at Rs 618.55 apiece on the BSE.

Tata Chemicals Q3 results: Profit drops 60% to Rs 158 cr on weak demand

Soda ash, the company's largest business, suffered last year as falling caustic soda prices made it more appealing than soda ash for the silicate market, prompting it to cut prices to stay competitive

GE T&D Q3 results: Net profit jumps 49% to Rs 49.4 cr, revenue up 8%

GE T&D India on Monday posted a steep rise in net profit to Rs 49.4 crore in the December quarter mainly on the back of higher revenues. The company posted an 8 per cent rise in revenue to Rs 840 crore in the quarter, the company said in a release. Profit After Tax was at Rs 49.40 crore, against Rs 4.7 crore in the Quarter Ended (QE) December 2022, the company said. The order bookings were Rs 2,370 crore, up 204 per cent compared to Rs 780 crore in Quarter Ended (QE) December 2022. Sandeep Zanzaria, Managing Director & CEO of GE T&D India said in the statement, "As the pace of global energy transition accelerates with India spearheading the shift, our Q3 order book reflected a surge in demand - both in terms of domestic and exports. This, combined with our unwavering focus on optimization and strong order execution paved the way for improvement in profitability and the company becoming debt-free." GE T&D India is a leading player in the power transmission and ...

Bharti Airtel Q3 results: Profit jumps 54% to Rs 2,442 cr; revenue up 5.8%

Airtel prepaid mobile customers are required to pay at least Rs 155 for about a month-long service as the company had raised rates by 56 per cent in January 2023

BSE Q3 results: Profit doubles to Rs 108 cr, revenue up 76% at Rs 431 cr

Leading stock exchange BSE Ltd on Monday said its net profit doubled to Rs 108.2 crore in December quarter. In comparison, the exchange had posted a net profit of Rs 51.6 crore in the year-ago period, BSE said in a statement. The bourse achieved its highest quarterly revenue ever at Rs 431.5 crore in the October-December period of the current fiscal, marking a surge of 76 per cent from Rs 245 crore registered in the year-ago period. The exchange's mutual distribution platform, BSE StAR MF, saw the total number of transactions soaring 60 per cent to reach 10.9 crore in the third quarter of the current fiscal from 6.86 crore in the corresponding quarter last year.

Nerolac Q3 results: Profit rises over 40% to Rs 154 crore, revenue up 5%

The company, owned by Japan's Kansai Paint Co, said consolidated net profit rose 40% year-over-year to 1.54 billion rupees ($18.5 million) in the third quarter

Unity Small Finance Bank Q3 results: Net profit jumps 79% to Rs 110 crore

Unity Small Finance Bank, promoted by the Centrum Group, on Monday reported a 79 per cent increase in net income at Rs 110 crore in the December quarter, boosted by all-round good set of numbers. The bottom line was boosted by a Rs 257 crore income on the back of net interest margin that stood at 10.9 per cent, the bank said in a statement. While the bank's deposits crossed Rs 5,000 crore-mark, up 163 per cent year-on-year, its net advances increased 80 per cent to Rs 6,601 crore. The bank saw an improvement in asset quality with net NPAs (non-performing assets) coming down to 0.9 per cent. Its total income rose 208 per cent to Rs 438 crore, of which net income was Rs 328 crore, up 90 per cent, and net interest income rose 71 per cent on-year to Rs 257 crore. Unity Small Finance Bank was created out of the merger of the Centrum Capital of the Centrum group with the then scam-ridden PM Cooperative Bank.

Man Infraconstruction Q3 results: Net profit falls 4.5% to Rs 86.51 crore

Man Infraconstruction Ltd on Monday posted a fall of 4.5 per cent to Rs 86.51 crore in the December 2023 quarter due to lower income. It had clocked a net profit of Rs 90.60 in the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company's total income fell to Rs 261.34 crore as against Rs 471.77 crore in the year-ago period. However, the company managed to trim its expenses to Rs 149.07 crore from Rs 346.21 crore in the third quarter of FY23. EPC firm Man Infraconstruction is into verticals like ports, infrastructure, commercial projects, institutions, IT projects and futuristic lifestyle houses.

Alembic Pharma Q3 results: Profit at Rs 180 cr on strong domestic, US sales

Alembic Pharmaceuticals' revenue from operations rose 8% in the December-quarter, led by a 9% rise in its India and U.S. businesses each

Bajaj Electricals Q3 results: Net profit slumped nearly 40% to Rs 37.36 cr

Bajaj Electricals' total revenue fell 6.2% to Rs 1228 crore, marking the third consecutive quarter of decline

UPL slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24

The company said revenue and margin to be impacted by global channel destocking and ongoing pricing pressure in post patent space exacerbated by higher rebates.

Tata Motors hits new high, surges 7% on robust December quarter results

The auto major's Q3 net profit beat analyst estimates, growing by 137 per cent YoY to Rs 7,025 crore on favourable volumes, reduced costs on component sourcing with easing semiconductor chip supplies.

Stocks to Watch today, Feb 5: Paytm, SBI, TaMo, IndiGo, ZEE, Airtel, VBL

Stocks to Watch on Monday, February 5, 2024: Stock exchanges have revised the circuit limits for Paytm to 10 per cent from 20 per cent

Paramount Cables Q3 results: Net profit climbs 54% to Rs 22 crore

Wires manufacturer Paramount Cables has reported a 54 per cent rise in its consolidated net profit at Rs 22.03 crore in the December quarter of the current fiscal, boosted by higher income. It had posted a net profit of Rs 14.32 crore during the October-December quarter in the preceding financial year, the company said in an exchange filing on Saturday. The company's total income rose to Rs 285.83 crore, up 29 per cent from Rs 221.99 crore in the year-ago period. It's expenses stood at Rs 263.77 crore as against Rs 207.68 crore year on year. Paramount Cables manufactures multi-core cables, low and high-voltage cables, besides extra-high-voltage cables for industrial applications.

Affle Q3 results: Net profit up 11% at Rs 76.8 cr, revenue increases by 33%

Tech company Affle on Saturday reported an 11.36 per cent increase in its consolidated net profit to Rs 76.81 crore for the October-December quarter of 2023-24 compared to Rs 68.97 crore in the year-ago period. The company's revenue from operations rose to Rs 498.70 crore in the third quarter (Q3) of FY24 from Rs 376.06 crore in Q3 of FY23, translating into a 32.61 per cent hike, a statement said. The company said that its Earning Before Interest Tax Depreciation and Amortisation (EBITDA) stood at Rs 96.7 crore in the quarter, up by 20.3 per cent year-on-year. Anuj Khanna Sohum, MD and CEO, Affle, said, "In Q3 FY2024, we have further raised our performance bar having achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. "We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in a broad-based growth in our CPCU business, coming across our top industry verticals ...