Bank of Baroda Q3 results: Net profit rises 5.6% to Rs 4,837 crore, NII up 3%. L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, but misses estimates as EBITDA margins fall. Biocon Q3 results: All business segments grow; EBITDA up 16%, revenue rises 7%. IndusInd Bank Q3 Preview: Profit may see sharp 39% YoY fall amid rising slippages. Nestle India Q3 Preview: Net profit may slip 9% on increased competition
Tata Motors Q3 profit drops 22% YoY to Rs 5,451 crore, hit by weaker margins, JLR slowdown; misses estimate. Bajaj Finance Q3 Results: Net profit rises 18% YoY to Rs 4,308 crore, supported by AUM jump of 28%. Bajaj Finance Q3 Results: Net profit rises 18% YoY to Rs 4,308 crore, supported by AUM jump of 28%. SRF Q3 Results: Management expects year to end on 'reasonably strong footing
Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage
The San Francisco, US-headquartered company said its revenue in FY24 grew 36 per cent to Rs 9,116 crore, making it the first fiscal where the topline crossed USD 1 billion
For the entire financial year, the company’s standalone net profit went up by over 64 percent to Rs 13,209 crore as against Rs 8,049 crore during the previous year ended March 2023
To be sure, the company shared that the fall in net profit is owed to non-cash expenses of about Rs 62.1 crore including Employee Stock Ownership Plan (ESOP), lease equalisation reserve (LER) and inventory provision. These provisions are not actual expenditures that the company has incurred, but futuristic provisions, it added.
Net profit for the quarter stood at Rs 369 crore against Rs 57 crore a year ago
RITES Q2 earnings: Operating revenue, excluding other income, stood at Rs 582.36 crore in the quarter under review, down 11.6 percent from Rs 659.08 crore in the year-ago quarter
To be eligible for the grant of the Maharatna status, the company should have an average turnover of over Rs 25,000 crore, an average annual net worth of more than Rs 15,000 crore, and an average annual net profit of over Rs 5,000 crore during the last three years.
Adani Total, part of the Adani group conglomerate, said its CNG volume increased 18% from last year led by an addition of 11 new stations.
RITES Q1 earnings: Operating revenue, excluding other income, stood at Rs 503.7 crore in the quarter under review, down 13 percent from Rs 578.33 crore in the year-ago quarter.
South Indian Bank Q1: The net NPA of the lender for the quarter stood at 1.85 percent, declining from 1.86 percent on a yearly basis
The lender’s gross NPA ratio was the lowest since March 2013 and net NPA was the lowest since September 2011, according to Bloomberg data.
Having started as a textile manufacturer, Grasim has forayed into varied businesses such as viscose, diversified chemicals, linen yarn and fabrics producer in India.
The volumes were also positive as 11 lakh shares changed hands against the one-month daily traded average of 9 lakh
It had posted a consolidated net profit of Rs 35.82 crore in the year-ago period, according to a regulatory filing by Bajaj Consumer Care Ltd (BCCL) BCCL owns hair oil brands such as Almond Drops and Brahmi Amla.
Rallis India, a subsidiary of Tata Chemicals, reported a loss of Rs 69.13 crore during the quarter ended March 31. The company had reported a loss of Rs 14.13 crore during the corresponding period in 2022.
The company had clocked a net profit of Rs 369.45 crore in the October-December period of fiscal 2021-22, Torrent Power Ltd said in a regulatory filing. Total income rose to Rs 6,526.44 crore in the December quarter from Rs 3,833.14 crore in the year-ago period.
The company had clocked a net profit of Rs 24.30 crore in the October-December period of the preceding 2021-22 fiscal, HSCL said in a release.
The public sector lender's net interest income rose 34 percent to Rs 10,714 crore for the September quarter
The largest Indian lender's net interest income rose 12.83 percent and gross bad loan ratio fell to a decade low of 3.52 percent for the September quarter.
Analysts believe that a 10-15 percent erosion in earnings can be seen for the current year. Morgan Stanley noted that most metrics were way below its expectations and has kept an underweight rating on the stock.
Although commodity costs declined in the September quarter, they are expected to stay high due to a lag effect.
The consolidated net profit of the company was Rs 12.25 crore in the year-ago period, a BSE filing showed.
The bank’s expansion through new branches and expenses on digital capabilities could put pressure on operating profit growth.