Q3 Results

Total expenses were higher at Rs 1,248.62 crore in the third quarter, up from Rs 1,014.23 crore a year ago

The company's board recommended a total final dividend of Rs 40 (400%) per share, including a one-time special dividend of Rs 15 (150%)

The interest income expanded by 25% YoY to Rs 2,414 crore and sequentially, it rose 9.7% from Rs 2,201 crore in Q2FY23

However, they still lag the pace of private banks

India Inc's operating profit margin narrowed by a sharp 2.37 per cent in the December quarter to 16.3 per cent on an annual basis due to inflation and rising energy costs, a domestic ratings agency said on Monday. 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. Going forward, while price hikes and sequential input cost reductions can boost margins in the near term, geopolitical tensions, recessionary concerns, and forex volatility continue to pose risks, the agency said. The revenue of companies, excluding those in the financial sector, grew 17.2 per cent, which was as per expectations, the agency said, adding that hotels, oil and gas, auto, airlines, and power sectors led the way. However, the revenue growth was a muted 1.4 per cent from a sequential perspective due to inflationar

The company's board approved transfer of cargo business in lieu of issuance of securities including Compulsorily Convertible Debentures (CCDs) aggregate to Rs 2,555.77 crore.

Cash-strapped airline in the black after 3 qtrs; plans to raise Rs 764-cr ECLGS loan

Despite a big jump in passenger traffic, business has continued to be impacted by high fuel prices and depreciating Rupee, the company said

Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers

The company expects adjusted EBITDA to turn positive in current quarter (Q4FY23).

Oberoi Realty and ACC too see substantial increase in their earnings forecasts for the ongoing financial year

The FMCG index too was seen outperforming the BSE benchmark in Thursday trade with a gain of nearly 1 per cent.

The company's North America arm has inked an agreement to buy 100 per cent in Texas-based Quant Systems in an all-cash deal of $65 million.

The stock was up over 5 per cent in Tuesday's trading session, and hit a high of Rs 359 on the BSE.

The company will supply shaft generators, main switch boards, distribution boards, and associated systems with OBS for PCV Project from Goa Shipyard

In past one month, the stock price of Cera has outperformed the market by surging 20 per cent as against an unmoved S&P BSE Sensex.

The company said it will work closely with the USFDA and is committed to address these comprehensively within stipulated time.

Promoters in 87 companies in the BSE 500 Index had at least some portion of their holdings pledged at the end of Q3FY23. Of this, only 17 had more than 25 per cent of their promoter holdings pledged

The commercial vehicle (CV) segment's revenue was Rs 490 crore (up 27 per cent YoY and 5 per cent QoQ)

Global layoff-driven dip in IT hiring drags overall growth figure to 0.8%