Page 97 - Q3 Results

AU Small Finance Bank Q3 results: Net profit down 4% at Rs 375 crore

Margins under pressure; provisions rise sharply

IndiGrid Q3 results: Profit down 23% to Rs 91 cr, income rises to Rs 788 cr

India Grid Trust (IndiGrid) on Thursday reported 23 per cent decline in consolidated net profit at Rs 91.92 crore. Net profit of the infrastructure investment trust in the year-ago period was Rs 119.78 crore, a BSE filing said. Total income increased to Rs 788.36 crore in the quarter from Rs 607.06 crore in the same period a year ago. Total expenses also rose to Rs 691.14 crore from Rs 480.03 crore. The board of directors of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of Investment Manager to IndiGrid approved distribution of Rs 3.55 per unit for the third quarter. The record date for this distribution is January 31, 2024, and payment will be made on or before February 9, 2024. "This has been an exciting quarter for us. While we continued to make great strides in our business adjacencies with greenfield project wins and the solar asset acquisition, we also ensured that the company maintains a strong balance sheet and has ample headroom for consistent growth," Ha

Websol Energy System Q3 results: Net loss at Rs 54 cr on asset impairment

Websol Energy System on Thursday reported a net loss of Rs 54 crore for the December 2023 quarter, mainly due to the impairment of a few assets. "The company has reported a loss of Rs 54.64 crore for the quarter ending December 2023," a BSE filing stated. The company explained that this loss will be carried forward and adjusted against future profits. The reason for such loss is that few assets have to be impaired as new assets from the expansion will be replacing the same, it added. The company also suffered a loss of Rs 6.83 crore in the year-ago quarter ended December 2022. As per an estimation, Rs 96.86 crore of fixed assets (plant and machinery) would be impaired during the current financial year. Further, it stated that certain fixed assets to the extent of Rs 26.23 crore may need to be impaired, and the same will be ascertained after detailed impairment analysis and commencement of commercial production to finally ascertain certain assets, which can continue to be used.

Sterlite Tech Q3 results: Loss at Rs 57 crore amid optical demand headwinds

Optical and digital solutions company Sterlite Technologies (STL) on Thursday reported a loss of Rs 57 crore on a consolidated basis in December quarter 2023-24, hit by ongoing optical demand headwinds, especially in the US and parts of Europe. The company had posted a net profit of Rs 51 crore in the year-ago period. Revenue from operations was Rs 1,322 crore in Q3FY24, the company said in a regulatory filing. Revenue stood at Rs 1,883 crore in the year-ago period. EBITDA declined sequentially to Rs 109 crore from Rs 216 crore. "The company reported a sequential decline in revenue and EBITDA in Q3 FY24 amidst ongoing optical demand headwinds, especially in the US and parts of Europe," STL said in a release. Ankit Agarwal, Managing Director of STL said the downturn is temporary. While this downturn is temporary, the cost base and capabilities that we have built around product design, quality, manufacturing presence, and sustainability will reap benefits far into the future," Agar

SBI Life Insurance Q3 results: Net profit rises 5.8% to Rs 321.75 crore

Sequentially, it is 15.37 per cent lower than the Rs 380.19 crore profit accrued in Q2 FY24

LT Foods Q3 results: Net profit soars by 52% to Rs 153 cr, revenue up 9%

LT Foods Ltd on Thursday reported 52.07 per cent rise in consolidated net profit at Rs 152.64 crore for the third quarter ended December 2023. It had logged a net profit of Rs 100.37 crore in the year-ago period, according to a regulatory filing by LT Foods, which owns basmati rice brands Daawat and Royal. Revenue from operations was up 9.17 per cent to Rs 1,941.72 crore during the quarter under review as against Rs 1,778.47 crore a year ago. Total expenses were up 5.46 per cent to Rs 1,757.67 crore. Total income was at Rs 1,949.68 crore, higher by 8.8 per cent from the corresponding quarter a year ago. Meanwhile, the board of LT Foods in a meeting held on Thursday, also approved issuance and listing of commercial papers for an amount of Rs 500 crore. Shares of LT Foods on Thursday settled at Rs 196.05 apiece on BSE, down 4.01 per cent from the previous close.

Adani Power Q3 results: Net profit rises multi-fold to Rs 2,738 crore

Adani Power on Thursday posted a multi-fold increase in its consolidated net profit to Rs 2,738 crore for the December quarter compared to the year-ago period driven by higher revenues. The company had reported a profit of Rs 9 crore in the third quarter of 2022-23. Total income rose to Rs 13,355 crore in the quarter from Rs 8,290 crore in the same period a year ago, a company statement said. "Adani Power continues to demonstrate its leadership across domains by achieving ever higher standards of excellence, as evidenced by the financial results for the third quarter of FY 2023-24," Adani Power CEO S B Khyalia said in the statement, The company's strategically located power plants and optimal capacity allocation between PPAs (power purchase agreements) and merchant capacities, coupled with its strength in fuel management & logistics and excellence in power plant O&M, have allowed it to address growing power demand and generate robust profitability, he said. This has resulted ..

Cyient Q3 results: Profit drops 2% to Rs 153 crore, narrows guidance

The Hyderabad-headquartered company's consolidated net profit dropped 2% to 1.53 billion rupees ($18.42 million) for the quarter ended Dec. 31

AU Small Finance Bank's net interest income up 15% Y-o-Y in Q3FY24

The Jaipur-based bank posted a 4 per cent year-on-year decrease in profit in the latest quarter at Rs 375 crore compared to Rs 393 crore in the Q3FY23

Syngene International Q3 results: Profit after tax up 4%; revenue rises 9%

About a week ago, Syngene International's share price declined by 3 per cent following UBS Global Research stock downgrade to sell

Vedanta Q3FY24 results: Net profit falls over 18% to Rs 2,013 crore

Vedanta Q3 results: The revenue of the company was up 4 per cent to Rs 34,968 crore during the quarter

JSW Steel Q3 result: Profit rises 5-fold to Rs 2,415 crore on strong demand

The company's consolidated net profit rose to Rs 2,415 crore ($290.7 million) for the quarter ended Dec. 31 from Rs 490 crore a year earlier, according to an exchange filing

ACC Q3 results: PAT surges five-fold to Rs 527 crore, beats estimates

The Adani Group-owned company's profit after tax surged nearly five-fold to 5.27 billion rupees ($63.4 million) in the three months ended Dec. 31

Punjab National Bank Q3 profit jumps over three-fold to Rs 2,223 cr

State-owned Punjab National Bank (PNB) on Thursday posted an over three-fold increase in its profit to Rs 2,223 crore for the third quarter ended December 2023. The bank had earned a net profit of Rs 629 crore in the same quarter a year ago. Its total income increased to Rs 29,962 crore during the quarter under review against Rs 25,722 crore in the same period last year, PNB said in a regulatory filing. The bank's interest income rose to Rs 27,289 crore compared to Rs 22,384 crore in the third quarter of the previous fiscal. Its gross non-performing assets (NPAs) declined to 6.24 per cent of the gross loans at the end of December 2023 from 9.76 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.96 per cent from 3.30 per cent at the end of the third quarter of the previous fiscal.

Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results

The two-wheeler major reported its highest-ever quarter revenue at Rs 12,114 crore and EBITDA at Rs 2,430 crore for the quarter ended December 2023.

Indian Bk up 8%, hits new high on solid Q3 nos; Motilal expects more upside

In past six months, the share price of Indian Bank has appreciated by 43 per cent, as against 6.4 per cent rise in the S&P BSE Sensex.

Stocks to Watch today: Bajaj Auto, Tata Steel, Tech M, TVS Motor, IOC, BoB

Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.

Exide Industries Q3 results: PAT up 2.3% at Rs 203 cr on investment gains

Battery maker Exide Industries Ltd on Wednesday reported 2.3 per cent increase in consolidated profit after tax at Rs 202.69 crore for the third quarter ended December 31, 2023. The company had posted a consolidated profit after tax (PAT) of Rs 198.14 crore in the same quarter last fiscal, Exide Industries said in a regulatory filing. Revenue from operations in the quarter under review was at Rs 3,979.83 crore as compared to Rs 3,538.5 crore in the year-ago period. Total expenses were higher at Rs 3,724.3 crore as against Rs 3,286.36 crore in the same quarter a year ago, the company said. "Demand was positive in both automotive and industrial divisions, and we achieved healthy growth in our key end-customer markets. However, EB/TOA margin was marginally lower than the same quarter in the previous year mainly on account of input cost inflation," Exide Industries MD & CEO, Subir Chakraborty said. In the automotive division, the last few months have seen an uptrend in demand in ...

Bajaj Auto Q3 net profit up 38% at Rs 2,032 cr on good domestic biz

No.3 in electric 2-wheeler market riding on Chetak, clocks 10K units-pm volumes

Tech Mahindra Q3 results: Net profit declines by 60.6% to Rs 510 cr

The consensus seems to be that second half of the calendar year is when people will start to see recovery. I don't think the recovery will be simultaneous across geographies and sectors,' said Joshi