Page 11 - Q3 Results

Mahindra Logistics Q3 profit down 21.5% as costs rise; revenue up 17%

Mahindra Logistics also flagged weakness in its freight forwarding service due to a sharp drop in freight rates

Jubilant FoodWorks Q3 net down 40% to Rs 80 cr; revenue up to Rs 1,332 cr

Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Wednesday reported a decline of 39.66 per cent in its consolidated net profit at Rs 80.36 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 133.19 crore in the October-December quarter of the previous fiscal, Jubilant Foodworks Ltd (JFL) said in a regulatory filing. Its revenue from operations during the quarter was up 10 per cent to Rs 1,331.81 crore as against Rs 1,210.77 crore in the year-ago period. According to JFL, "high inflation continues to keep margin under pressure". "The increase in revenue was primarily driven by growth in orders for Domino's. The Domino's Like-for-Like growth came in at 0.3 per cent. The Delivery channel registered 9.9 per cent growth led by orders partially offset by a decline in the ticket. The Dine-in and Takeaway channels combined registered 9.8 per cent growth driven by an increase in ticket

Raymond Q3 profit down 4.4% to Rs 97 cr, income up 17.6% to Rs 2,168 cr

Raymond Ltd on Wednesday reported a decline of 4.42 per cent in its December quarter net profit at Rs 96.60 crore, mainly on account of a one-time tax hit. The company had posted a net profit of Rs 101.07 crore during the October-December period of the previous fiscal, Raymond said in a regulatory filing. Its revenue from operations rose 17.61 per cent to Rs 2,168.16 crore during the quarter under review, as against Rs 1,843.39 crore in the year-ago period. According to Raymond, it has recorded the "highest-ever revenues in a quarter". Total expenses were at Rs 1,977.28 crore, up 17.34 per cent from Rs 1,685.03 crore earlier. Raymond has exercised the option of lower corporate tax rate which has resulted in one-time net impact of Rs 73.5 crore in the profit and loss account, the company said in its earning statement. Its EBITDA (pre-tax profit) was at Rs 351 crore in the third quarter of FY23. The company's Chairman and Managing Director Gautam Hari Singhania said, "Raymond cont

Tata Chemicals Q3 net profit rises 21.42% to Rs 425 cr; revenue up 32.05%

Tata Chemicals on Wednesday reported a 21.42 per cent growth in consolidated net profit during the December quarter at Rs 425 crore. The company's net profit stood at Rs 350 crore during the corresponding period of the previous fiscal, it said in a regulatory filing. Revenue from operations of the company grew by 32.05 per cent at Rs 4,148 crore during the quarter under review compared to Rs 3,141 crore in the same period last year. "The global demand-supply situation continues to be balanced and an improving demand bias, driven by reopening and stabilisation of economic activity, including newer applications like solar glass, resulted in stable realisations. "Our digital and sustainability transformation agenda continues in partnership with our customers and other stakeholders," Tata Chemicals Managing Director and CEO R Mukundan said. Shares of the company on Wednesday closed 1.62 per cent down at Rs 957.35 apiece on the BSE.

Britannia Industries' Q3 net more than doubles to Rs 932 cr on price hikes

Consolidated total revenue from operations grew 17.4% to Rs 4,197 crore for the reported quarter

Indian Hotels soars 7% on heavy volumes backed by strong Q3 show

The demand outlook for the sector in 2023 remains robust on the back of sporting events such as world cup hockey and cricket and global events like the ongoing G20.

Blue Star Q3 profit rises 23% to Rs 58.41 cr, revenue up to Rs 1,788 cr

Air conditioning and commercial refrigeration firm Blue Star Ltd on Tuesday reported a 22.79 per cent rise in consolidated net profit at Rs 58.41 crore in the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 47.57 crore in the same quarter last fiscal, it said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,788.2 crore as against Rs 1,506.22 crore in the year-ago period, it added. Total expenses in the reported quarter were higher at Rs 1,712.96 crore as compared to Rs 1,449.64 crore in the corresponding period last fiscal. "This is the fifth consecutive quarter of good performance, and we expect to maintain the growth momentum in the coming quarters as well," Blue Star Ltd Vice Chairman & Managing Director Vir S Advani said. Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter

Godrej Consumer Products Q3 profit rises 3.55% to Rs 546.34 crore

Godrej Consumer Products Ltd on Tuesday reported a 3.55 per cent rise in consolidated profit after tax at Rs 546.34 crore in the third quarter ended December 31, 2022. The company had posted a consolidated profit after tax of Rs 527.6 crore in the same period last fiscal, Godrej Consumer Products Ltd (GCPL) said in a regulatory filing. Consolidated total revenue from operations during the quarter under review stood at Rs 3,598.92 crore as against Rs 3,302.58 crore in the year-ago period, it added. Total expenses were higher at Rs 2,969.52 crore as compared to Rs 2,714.32 crore in the same quarter a year ago, the company said. "We delivered an all-round performance in 3Q FY 2023. Overall sales grew by 9 per cent and we witnessed a sharp sequential uplift in underlying volume growth," GCPL Managing Director and CEO Sudhir Sitapati said. The company had broad-based growth across geographies with India delivering double-digit sales growth of 11 per cent, he said, adding Africa, USA an

State-owned Coal India Q3 consolidated net profit rises 70%

State-owned Coal India Ltd on Tuesday reported a 70.1 per cent rise in consolidated net profit at Rs 7,755.5 crore for the quarter ended December 2022 on the back of higher sales. The company had posted consolidated net profit of Rs 4,558.3 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. The consolidated sales of the company during the October-December period increased to Rs 32,429.46 crore, over Rs 25,990.97 crore a year ago. In a statement, the PSU said the steep rise in profit came on the back of higher add-on over the notified price in e-auction sale of 14.65 million tonnes coal during the third quarter of FY23. Though auction volumes were lower by 44 per cent in the third quarter of current fiscal, compared to 26 million tonnes of similar quarter FY22, higher premiums under the e-window helped CIL in cranking up sales by Rs 2,341 crore. The realisation per tonne of coal was Rs 5,046 under auction segment, in the third quarter against Rs 1,947 p

Sun Pharma Q3 net profit up 5.2% as sales grow in India, US markets

Company says specialty products will continue as growth driver, will scale up investment for it

Budget measures key trigger for consumer durable firms battling high prices

Any proposal to boost manufacturing, demand would help sector and listed companies

GAIL's prospects on the mend after poor Oct-Dec quarter showing

Most analysts have cut their Q4 and FY24 estimates but maintain 'buy' recommendations with price targets between Rs 115-Rs 125

Shriram Finance Q3 net up 161% to Rs 1,777 cr on higher net interest income

Total AUM rose to Rs 1.77 trillion as on December 31, 2022 from Rs 1.24 trillion a year earlier

Shriram Finance Q3 profit more than doubles on higher interest income

The combined entity's profit surged to Rs 1,777 crore ($217.1 million) in the quarter ended Dec 31

Jindal Steel & Power net profit down 68 per cent to Rs 518.67 crore

Revenue from operations on a consolidated basis at Rs 12,452.44 crore declined by 0.57 per cent over the same period last year

Coal India Q3 results: Profit up 70% to Rs 7,756 cr on higher power demand

The Indian coal ministry expects Coal India to surpass its production target of 700 mln tonnes fixed for the current fiscal

MakeMyTrip reports highest ever gross booking, operating profit in Q3

Nasdaq-listed firm says demand for travel and tourism improved during the quarter on peak seasonality. Gross booking grew 64% YoY in constant currency terms to $1.74 billion

Jindal Steel Q3 results: Net profit drops 68% as export tax bites

The contribution of Jindal Steel's exports to its sales on a standalone basis fell to 5% in the quarter from 23% a year ago

UPL posts smaller-than-expected Q3 profit of Rs 1,087 cr on higher costs

Total expenses rose 23.4% to Rs 12,313 crore in the quarter ended Dec. 31

Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent