The revenue for the quarter rose 3.6 percent against the September quarter to 8,944 crore.
Financials, primarily banks, have reported better numbers as expected. Net interest income grew 20 percent as the pre-provisioning profit grew 17 percent
Sakshi Batra does a 3 point analysis of the Q3 earnings and what’s the outlook going forward.
While ITC's paperboard business witnessed a ramp-up in the utilisation of its recently-commissioned facilities, the hotels business posted seasonal uptick.
Jio's overall performance was good, but customer addition and average revenue per customer growth slowed.
Jio has crossed Rs 10,000 crore in quarterly operating revenue within six quarters of commercial operations
Uttaresh Venkateshwaran is in conversation with Madhuchanda Dey, Moneycontrol Research, to dissect TCS' third quarter performance.
The data revealed that aggregate sales growth improved in the third quarter, primarily in the manufacturing sector and led by industries like iron and steel, petroleum products and the information technology (IT) sector.
The Q3 earnings of the company came in line with estimates with volumes being a big positive. But the profit after tax fell by 13.5 percent quarter-on-quarter due to a lower effective tax rate.
Most analysts noted that the Q3 results were below their estimates, but maintained their buy rating on the stock revising the target price slightly on lower side on hopes of Halol resolution, US specialty play kicking in and normalisation of India business.
Speaking to CNBC-TV18, Kedar Vaze, Group CEO of SH Kelkar & Co, said that the international fragrance business had been facing headwinds and fell 2 percent in the third quarter.
The company has registered a net profit of Rs 154.33 crore during the October-December period of previous fiscal.
Speaking to CNBC-TV18, Kalyani Steels Managing Director RK Goyal said that profitability in Q3 was impacted by forex losses triggered by a falling rupee.
The company said that volume growth is not coming easily, but progress is being made on achieving higher margins.
Speaking to CNBC-TV18, Manish Gunwani, Deputy Chief Investment Officer-Equity at ICICI Prudential Mutual Fund, said domestic cues were more responsible than global factors for the recent upmove in Indian equities.
Hinting at the fact that another lending rate cut may not come very soon, Ananthasubramanian said that all banks have brought huge cuts to the MCLR (marginal costs of funds based lending rates) after demonetisation already and these cover all the benefits the RBI passed onto the banks.
Speaking to CNBC-TV18, Rajiv Bajaj, Managing Director of Bajaj Auto, said that while the industry had been badly hit by note ban, his company had been ready with BS-IV products since January.
Surajit Pal, Research Analyst at Prabhudas Lilladher, said the pharma sector is undergoing a transition and all the large midcaps will underperform.
Speaking to CNBC-TV18, Ramkumar Krishnamachari, Chief Financial Officer of Justdial, said the impact of demonetisation had turned out to be neutral as the local search service had witnessed better payouts from existing clients.
Speaking to CNBC-TV18, Prem Kumar Gera, Managing Director of Gujarat Alkalies & Chemicals, posted a 229.53 percent increase in net profit in Q3 despite huge competition in the business.
The move is is aimed at quickening decision making by reducing the number of management layers to five from the current 14, according to a report in Mint.
Speaking to CNBC-TV18, Ashish Damani, Chief Financial Officer at Bharat Financial Inclusion, said the microfinance company is working on a cashless model.
Speaking to CNBC-TV18, Shankar Lal Somani, Chairman of Sumeet Industries, said he expects a profit of Rs 1,250 crore in FY18.
Speaking to CNBC-TV18, Dipan Mehta, Member of the Bombay Stock Exchange and National Stock Exchange, said that customers had put their faith in these institutions despite domonetisation.
Speaking to CNBC-TV-18, Bharat Madan, Group Financial Controller of leading engineering conglomerate Escorts, said that a revival was witnessed in December as tractor sales beat estimates.