The company generated surplus cash of Rs 421 crore during the quarter which led to further deleveraging and consequently its net debt at the end of the quarter stood at Rs 2,259 crore.
Its total income for the October-December quarter increased to Rs 463.53 crore from Rs 412.68 crore in Q3FY16, registering a growth of 12.32 percent.
PTC India Financial Services (PFS) today reported a rise of 19.8 per cent in its net profit at Rs 83.22 crore during the third quarter ended December 2016 of the current fiscal.
The company had posted a net profit of Rs 2.97 crore in corresponding October-December period of 2015-16.
State-owned power trading solutions company PTC India today reported a 9.07 per cent decline in net profit at Rs 42.57 crore for the quarter ended December 31, 2016.
Gas distribution company Mahanagar Gas Ltd (MGL) today reported 30.16 per cent increase in net profit to Rs 99 crore for the third quarter ended December 31, 2016-17, helped by lower expenses.
For the full fiscal ended December 31, 2016, Crisil reported a 14.4 percent growth in consolidated profit after tax at Rs 326.3 crore.
Jaiprakash Associates today reported widening of standalone net loss to Rs 1,095.02 crore for the third quarter ended December of 2016-17.
Jagran Prakashan Ltd (JPL) today reported an increase of 25.55 per cent in its standalone net profit of Rs 89.12 crore for the third quarter ended December 31.
State-run Corporation Bank today reported a profit of Rs 159 crore for the third quarter ended December 31, as the provision for bad loans declined.
Crompton Greaves today reported a consolidated net profit of Rs 36.81 crore for the quarter ended December 31.
Tamil Nadu Newsprint and Papers Ltd, has recorded a 39.1 per cent rise in its net profit at Rs 61.06 crore for the quarter ending December 31, 2016.
Total income from operations during the quarter under review stood at Rs 720 crore, as against Rs 653.08 crore in the corresponding period last year.
Engineering firm Tube Investments of India (TII) today reported a 67.39 percent jump in standalone net profit to Rs 27.47 crore for the third quarter ended December 31, 2016.
Bajaj Finance reported a 36 percent rise in net profit to Rs 555.56 crore for the third quarter of current fiscal. Total Income rose to Rs 2,729.08 crore in comparison to Rs 2,069.62 crore quarter-on-quarter.
The company had reported a net profit of Rs 25.91 crore in the corresponding quarter a year ago.
The company had posted a net profit of Rs 83.89 crore in the October-December period a year ago, Supreme Industries said in a BSE filing.
National and regional political parties received Rs 11,367.34 crore of total income during this period, as per a report by Delhi-based think-tank Association for Democratic Reforms (ADR).
Private sector Lakshmi Vilas Bank has recorded a 70.1 percent rise in its Profits After Tax for the third quarter ending December 31, 2016 to Rs 78.38 crore.
Its total income from operations during the quarter stood at Rs 249.97 crore, up marginally by 0.92 per cent as against Rs 247.68 crore during the same period last fiscal, TV18 Broadcast said in a BSE filing.
Amtek Auto today reported a standalone net loss of Rs 755.18 crore for the quarter ended on September 30, 2016, due to fall in income.
The total income from operation of the company declined by 25.52 per cent during the reported quarter at Rs 736.95 crore from Rs 989.59 crore in the corresponding period of 2015-16.
Total income stood at Rs 688.49 crore for the quarter under review compared to Rs 1,183.92 crore in the same period last year.
The company is expecting ramp up in execution in the third quarter. Focus is also on reducing long-term loans, TV Sandeep Reddy, MD of Gayatri Projects said.
Income from operations fell by 29 percent to Rs 1,151.79 crore in the second quarter of this fiscal from Rs 1,628.68 crore in the corresponding period of last fiscal.