Market leader in used-vehicle, with strong pricing power and improvement in market shares post-merger. A combined entity offers a more diversified and larger loan book. Robust disbursement and asset growth. Asset quality improving on better collections. Margin expansion and lower opex caused improved profitability.
London-based Shell paid Ben van Beurden a total of 9.7 million pounds (USD 11.5 million) in 2022 as annual company profits doubled to an all-time high of USD 40 billion because Russia’s war in Ukraine sent oil and gas prices soaring.
The company, a joint venture of the Volvo Group and Eicher Motors, had sold 5,856 units in February 2022, VE Commercial Vehicles (VECV) said in a statement.
Sales of iron ore declined by 4.78 per cent to 3.78 MT in February 2023 compared to 3.97 MT in the same month of last year, according to an exchange filing.
The fiscal fourth-quarter results beat retail industry analysts’ expectations. But the Minneapolis discounter issued a cautious outlook for the year as inflation squeezes household budgets. Shares dropped 5%.
When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings said, attributing the same to the easing in input costs and also price hikes by many companies.
The Israeli company said it earned 61 cents per share excluding one-time items, compared with a loss of 34 cents per share a year earlier. Revenue grew 6% to $355 million and was up 9% to $1.4 million in all of 2022.
The bank had reported a pre-tax profit of USD 1.11 billion from its operations in India, which continues to be fourth largest contributor for group profits, in 2021.
"Net loss for Q3 FY23 was Rs 4,013 million (USD 49 million) compared to a net loss of Rs 6,384 million (USD 77 million) for Q3 FY22," a company statement said.
The company had posted a consolidated net profit of Rs 422 crore in the same period last fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing.
Its net profit stood at Rs 43.3 crore in the year-ago period. Total income rose to Rs 2,563.2 crore in the third quarter of this fiscal from Rs 2,025.3 crore in the corresponding period of the previous year, according to a regulatory filing.
In the year-ago period, net profit of the company was Rs 250 crore, as per a BSE filing. The company follows October-September financial year. Total income rose to Rs 4,116.8 crore in the quarter from Rs 3,480.9 crore in the same period a year ago.
Its profit stood at Rs 8.50 crore in the year-ago period. Total income, however, rose to Rs 109.64 crore during the October-December period of 2022-23 fiscal, from Rs 69.94 crore in the corresponding period of the previous year, according to a regulatory filing.
Lyft also forecast revenue below analyst expectations for the current quarter.
Quarterly sales surged 29% to 2.8 trillion yen ($21 billion), as a shortage of computer chips that has bedeviled the world’s automakers gradually eased, according to Nissan.
The company had posted a net profit of Rs 113.78 crore in the October-December quarter a year ago, Trent said in a regulatory filing.
The company had posted a consolidated net profit of Rs 88.79 crore in the third quarter of FY22.
The company had posted a consolidated net profit from continuing operations of Rs 225.95 crore in the year-ago period, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing.
The city-based value-added engineering products and solutions company said net revenues during the quarter stood at Rs 692.22 crore up 29.9 per cent compared to Rs 532.97 crore in Q3 FY22.
The agribusiness company has been grabbing market share in the cattle feed business, which has boosted revenue for several quarters and helped to soften the blow from high costs at its vegetable oil unit.
The company had posted a consolidated net profit of Rs 193.71 crore in the same period last fiscal, Escorts Kubota Ltd said in a regulatory filing.
In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing.
The company had logged a net profit of Rs 21 crore in October-December period a year ago, Symphony said in a regulatory filing.
Differences in the volatility cycles of earnings and that of market prices often give useful information to investors, if they are watching closely
The company had posted a net profit of Rs 23.71 crore in the October-December period a year ago, Eveready Industries said in a regulatory filing.