Page 91 - Q3 Results

MOIL Q3 results: Net profit grows 37% to Rs 54 cr, income at Rs 329 cr

State-owned MOIL on Saturday reported a 37 per cent rise in net profit to Rs 54.10 crore for the December quarter, supported by lower expenses. It had posted a net profit of Rs 39.51 crore in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 329.72 crore from Rs 322.86 crore in the year-ago period. Its expenses were at Rs 253.37 crore, lower than Rs 276.75 crore reported in the third quarter last fiscal. In a separate statement, the company said its board also also approved an interim dividend of Rs 3.50 per share for the FY24. The company achieved production of 12.73 lakh tonnes of manganese ore, registering a growth of 41 per cent year-on-year. MOIL, under the Ministry of Steel, meets about 46 per cent of the total requirement of dioxide ore in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.

Salasar Techno Engineering Q3 results: Net profit grows to Rs 17 cr

Salasar Techno Engineering Ltd (STEL) on Saturday reported a 56 per cent rise in its consolidated net profit to Rs 16.76 crore for the December quarter. It had posted a net profit of Rs 10.69 crore during the October-December quarter in 2022-23, the company said in an exchange filing. The company's total income rose to Rs 304.35 crore from Rs 240.93 crore in the year ago period. Its expenses were at Rs 281.22 crore as against Rs 226.54 crore in the third quarter last fiscal. New Delhi-based STEL is a steel structural manufacturer and EPC infrastructure company, providing services across telecom, energy and railways.

Balu Forge Industries Q3 result: Net profit grows over two-fold to Rs 25 cr

Balu Forge Industries Ltd (BFIL) on Saturday reported over two-fold rise in its consolidated net profit to Rs 25.4 crore for the December quarter, boosted by higher income. It had posted a net profit of Rs 11.4 crore during the October-December quarter of 2022-23, the company said in an exchange filing. The company's total income rose to Rs 148.9 crore, up 55 per cent over Rs 92 crore in the year-ago quarter. Trimaan Chandock, Executive Director of BFIL said, "The growth was led by our constant focus on client addition and continued demand for our products in the existing and new industries like railways, defence and heavy commercial vehicles." The company's EBITDA grew by 72.1 per cent and margins improved to 22.24 per cent in the third quarter of FY24 from 19.58 per cent a year ago owing to an increase in scale of operations and increased demand for heavier products which tend to yield better margins, he said. BFIL facility is located in Belgaum, Karnataka and has an existing ..

State Bank of India Q3 result: Net profit declines 35% on pension provision

One-time pension revision, dearness allowance relief hits profits; open to help Paytm merchants to avoid disruptions

Goodluck Q3 results: Net profit grows 72% to Rs 32 crore, income up 24%

Steel products maker Goodluck India Ltd on Saturday posted a 72 per cent rise in its consolidated net profit at Rs 31.75 crore during the quarter ended December 2023, aided by higher income. It had clocked a net profit of Rs 18.40 crore during the October-December period of preceding 2022-23 financial year, the company said in a statement. The company's income also rose 24 per cent to Rs 878.27 crore from Rs 705.95 crore year on year. Goodluck India manufactures a wide range of engineered steel structures, precision/ auto tubes, forging for defence and aerospace, CR (cold rolled) products and GI (galvanised iron) pipes. These products are used by automobile manufacturers, infrastructure companies, and industries like engineering, oil and gas, among others.

Reliance Power Q3 results: Net loss rises to Rs 1,136.7 cr on high expenses

Reliance Power Ltd on Saturday reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses. It had posted a net loss of Rs 291.54 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company's total income increased marginally to Rs 2,001.54 crore in the reporting quarter compared to Rs 1,936.29 crore in the year-ago quarter. The company's expenses surged to Rs 3,179.08 crore in the quarter from Rs 2,126.33 crore a year ago. Reliance Power is the country's leading private sector power generation and coal resources company.

Tata Motors Q3 results: Net profit jumps 137% to Rs 7,025, revenue up 25%

The company remains upbeat on all three auto businesses and expects to do better in Q4

IndiGo Q3FY24 results: Net profit rises 111% to Rs 2,998.10 crore

About 75 planes grounded due to P&W engine issues

Torrent Pharma Q3 results: Profit after tax jumps 52% to Rs 443 cr

Torrent Pharmaceuticals on Friday reported a 52 per cent increase in its consolidated profit after tax to Rs 443 crore for the third quarter ended December 2023. The drug firm had reported a net profit of Rs 292 crore in the October-December period of the last fiscal. Its revenue increased by 10 per cent to Rs 2,732 crore in the third quarter compared to Rs 2,491 crore in the year-ago period, Torrent Pharmaceuticals said in a statement. The company said its domestic business revenues increased 12 per cent year-on-year to Rs 1,415 crore in the October -December quarter this year. Brazil's business grew by 26 per cent to Rs 312 crore, while the US business expanded by 6 per cent to Rs 274 crore in the third quarter. German revenues for the October-December period witnessed a 12 per cent growth to Rs 270 crore in the December 2023 quarter. Shares of the company on Friday ended 0.51 per cent up at Rs 2,524.70 apiece on the BSE.

UPL Q3 results: Company posts consolidated net loss at Rs 1,217 crore

Sustainable agriculture products and solutions provider UPL on Friday reported a consolidated loss of Rs 1,217 crore during the December 2023 quarter. The company's net profit stood at Rs 1,087 crores during the corresponding quarter of the previous financial year, the company said in a regulatory filing. Its revenue from operations declined 27.72 per cent to Rs 9,887 crore in the quarter under review from Rs 13,679 crore a year ago. "Destocking continued to weigh down the global agrochemical market. Overall, prices remained stable quarter-on-quarter in the crop protection business but came off significantly compared to the high base of the previous year amid intense post-patent price competition. "Given this backdrop, our third quarter performance was significantly impacted by these headwinds in line with the rest of the industry, which is currently experiencing its worst downturn in decades," UPL Corporation CEO Mike Frank said. However, the company did see a pick-up in volumes

Bank of India Q3 results: Net profit surges 62% to Rs 1,870 crore

State-owned Bank of India (BoI) on Friday posted a 62 per cent jump in net profit to Rs 1,870 crore in the December quarter on account of decline in bad loans. The Mumbai-headquartered bank had earned a net profit of Rs 1,151 crore in the year-ago period. The lenders' total income increased to Rs 16,411 crore during the third quarter of the ongoing fiscal against Rs 14,160 crore a year ago, BoI said in a regulatory filing. The interest income of the bank rose to Rs 15,218 crore as against Rs 12,728 crore in the third quarter of the previous year. Gross Non-Performing Assets (NPAs) of the bank declined to 5.35 per cent of the gross loans by the end of December 2023 from 7.66 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 1.41 per cent from 1.61 per cent at the end of the third quarter. Capital Adequacy Ratio of the bank improved to 16.06 per cent as against 15.60 per cent at the end of December 2022. During the quarter ended December 31, 2023, the bank issue

Torrent Pharma Q3 results: Profit after tax up 51% at Rs 443 crore

Torrent Pharmaceuticals' share price rose by 0.51 per cent, ending the day's trade at Rs 2,524 apiece on the Bombay Stock Exchange (BSE)

IHCL Q3 results: Consolidated profit after tax rises 18% to Rs 452 crore

The Indian Hotels Company (IHCL) reported a 18 per cent growth in consolidated Profit After Tax (PAT) to Rs 451.95 crore in the December quarter, on strong performance in all verticals. The hospitality company's PAT stood at Rs 382.71 crore in the year-ago period, the company said in a statement. The company's revenue from operations grew 16.49 per cent to Rs 1,963.84 crore in the third quarter of the ongoing fiscal compared to Rs 1,685.80 crore a year ago. IHCL Managing Director and CEO Puneet Chhatwal told PTI that the performance during the quarter was driven by strong performance in all verticals. "IHCL reported an all-time high consolidated PAT margin of 22.6 per cent, marking seven consecutive quarters of record financial performance. This robust performance was enabled by 'same store hotels' clocking RevPAR premium across markets and segments, and the scaling of new businesses," he said. The company's new business vertical comprising Ginger, Qmin, ama Stays & Trails, The ..

Zoho FY23 results: Net profit crosses Rs 2,800 crore, revenue up 30%

Revenue growth in the US was 24.7%, followed by 29.7% in Europe

Whirlpool of India Q3 results: Profit up 12% to Rs 30 cr, revenue up 18%

Consumer durables maker Whirlpool of India Ltd on Friday reported a 12 per cent growth in its consolidated net profit at Rs 29.93 crore for the third quarter ended December 2023, helped by volume growth. The company had posted a net profit of Rs 26.71 crore during the October-December quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said in a regulatory filing. Its revenue from operations was up 17.9 per cent to Rs 1,535.65 crore during the quarter under review. It was at Rs 1,302.46 crore in the corresponding period of the previous fiscal. Whirlpool of India's total expenses were at Rs 1,528.92 crore in the December quarter, up 17 per cent. Its total income in the December quarter was up 17 per cent Rs 1,571.17 crore. Commenting on the result, Managing Director Narasimhan Eswar said: "We had a strong quarter on revenue and volume growth on the back of our recently launched innovations being fully available in the marketplace, competitive .

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 21%

Consolidated profit for the three months ended Dec. 31 was Rs 11.71 crore ($1.41 million) compared with a loss of Rs196 crore a year earlier, the company said in an exchange filing

Tata Motors Q3 results: Profit rises over 2-fold on strong JLR sales

Consolidated net profit rose to Rs 7,025 crore ($847.7 million) in the three months ended Dec. 31 from a year earlier

Bikaji Foods Q3 results: Profit up 14% on strong demand for packaged sweets

Consolidated net profit stood at Rs 46.62 crore ($5.6 million) for the three months ended Dec. 31, compared with Rs 40.74 crore a year earlier

JSW Infra Q3 results: Profit doubles to Rs 251 cr on higher cargo volumes

The company's consolidated net profit rose to Rs 251 crore (about $30 million) in the October-December quarter, from Rs 115 crore a year ago, sending the shares up by 4%

IndiGo's Q3 results: Profit doubles to Rs 2,998 cr on strong demand, fares

IndiGo, a low-cost carrier, has India's largest airline fleet of 358 aircraft and commands a market share of over 62%