Page 14 - Q3 Results

Aditya Birla Sun Life AMC Q3 profit after tax declines 11% to Rs 166 crore

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. However, Its total income rose to Rs 363.17 crore in the quarter under review from Rs 353 crore a year ago. ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.82 lakh crore. Aditya Birla Sun Life AMC -- a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc -- is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.

Patanjali Foods Q3 profit rises 15% to Rs 269 crore on better sales

Patanjali Foods Ltd, which is mainly into edible oil business, has posted a 15 per cent growth in its net profit to Rs 269.18 crore for the December quarter on better sales. Its net profit stood at Rs 234.07 crore in the year-ago period, according to a regulatory filing. Total income rose by 26 per cent to Rs 7,963.75 crore during the quarter ended December 31, as compared to Rs 6,301.19 crore in the corresponding period of the previous year. During the April-December period of this fiscal, nine-month period ended December 31, 2022, net profit increased to Rs 622.73 crore from Rs 571.87 crore a year ago, said Patanjali Foods, which is part of Baba Ramdev-led Patanjali Ayurved. Total income rose to Rs 23,858.50 crore in the first nine months of this fiscal year from Rs 17,608.18 crore in the previous year. Patanjali Foods Ltd (formerly known as Ruchi Soya Industries Ltd), has 25 manufacturing facilities, and an allocation of 6.23 lakh hectares of oil palm plantation. Besides edibl

Bajaj Finance Q3 net up 40% to Rs 2,973 cr; highest ever quarterly profit

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Low output pulls Vedanta net profit down 41% to Rs 2,464 crore in Q3

Firm clocked revenue of Rs 33,691 crore, down 7% from the previous quarter

Dixon hits 52-week low before closing 19.19% down on poor Q3 show

Cuts FY23 guidance, but expects sales to improve in FY24

Margins to improve by 200-250 bps next quarter: LTIMindtree CEO

In a Q&A, Debashis Chatterjee also dwells on the impact of the economic slowdown on his firm's demand outlook

Bajaj Finance net profit jumps 40% in Q3 to Rs 2,973 crore; AUM up 27%

Bajaj Finance Q3 result: The new loans booked during the quarter were highest ever at 7.84 million

Vedanta's Q3 net profit falls 42%, announces dividend of Rs 12.5 a share

Vedanta Q3 result: On a quarterly basis, however, the profit is up 15 per cent

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

Reliance Industries hits 10-month low, stock slips 15% since December

The stock dipped 3% to Rs 2,312 per share and traded trading at its lowest level since March 2022.

Tata Motors surges 6%, hits over 4-month high on strong Q3 performance

Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.

IGL Q3 net profit drops 11% at Rs 334 cr on holding CNG, piped gas prices

Indraprastha Gas Ltd, the firm that retails CNG and piped cooking gas in the national capital and other cities, reported 11 per cent drop in third quarter net profit after it held retail prices despite rise in input cost. Consolidated net profit of Rs 334.06 crore in October-December 2022 is compared with Rs 374.76 crore a year back, according to the company's filing with stock exchanges. The firm saw more than doubling of the cost it incurs on procuring natural gas, which is converted into CNG for sale to automobiles and piped to household kitchens for cooking purposes. Revenue from operations soared to Rs 4,089.03 crore in the third quarter of current fiscal year from Rs 2,438.48 crore in the year-ago period. "For the quarter ending December 2022, IGL registered an overall sales volume growth of 6 per cent over the corresponding quarter in the last fiscal, with the average daily sale going up from 7.66 million standard cubic meters to 8.12 million standard cubic meters per day,"

Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr

Healthy interest margins, credit offtake boost bottomline; provisions show subdued rise on better asset quality

Weak exports remain an overhang in the near term for Bajaj Auto

Strong realisations helped the company beat estimates in Q3

Bikaji Foods posts PAT of Rs 33.05 cr, total income increases 15.8% y-o-y

The company has also reappointed Sachin Kumar Bhartiya as a Non-Executive and Non-Independent Director

Best Agrolife Q3 net profit jump 98% to Rs 30.61 cr; revenue up 41%

Agro-chemical firm Best Agrolife Ltd has posted a 98 per cent growth in its consolidated net profit to Rs 30.61 crore for the third quarter ended December 2022. Its net profit stood at Rs 15.47 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations rose 41 per cent to Rs 327.8 crore in the October-December period of this fiscal against Rs 232.5 crore in the corresponding period of the previous year. Vimal Alawadhi, Managing Director of Best Agrolife, said, "...despite being a lean season, we successfully managed to remain consistent with its performance in the third quarter of this financial year". The company has shown growth with a positive outlook across all the business segments during this period, he added. "We are fully focussed on our global export expansion, which will start reflecting in our revenue growth soon. The company is set to introduce new and exclusive patented products like Ronfen and other different segment product

Domestic demand drives Bajaj Auto's small profit growth; net up by 3%

On a standalone basis, the company's net profit was up 23 per cent to Rs 1,491 crore

TVS Credit posts 75% rise in Q3; net profit rises to Rs 97.97 crore

The company's total income for the quarter under review was also up by 51 per cent to Rs 1,094.13 crore, as against Rs 723.6 crore during the third quarter of the previous financial year

Indian Bank Q3 net profit doubles to Rs 1,396 cr as bad loans decline

State-owned Indian Bank on Wednesday reported nearly two-fold jump in profit at Rs 1,396 crore in the quarter ended December 2022, driven by increase in interest income and decline in bad loans. The net profit of Chennai-based lender stood at Rs 690 crore in the same quarter of the preceding financial year. Total income increased to Rs 13,551 crore in the quarter from Rs 11,482 crore in the year-ago period, the bank said in a regulatory filing. At the same time, Net Interest Income increased by 25 per cent to Rs 5,499 crore as against Rs 4,395 crore in the same quarter a year ago. On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 6.53 per cent of gross advances as compared to 9.13 per cent at the end of the third quarter of 2021-22. Net NPAs too eased to 1 per cent from 2.72 per cent in the same quarter a year ago. As a result, provisions for bad loans declined significantly to Rs 1,474 crore from Rs 2 439 crore in t

Tata Motors turns the corner: Swings into profit after 7 quarters

Strong order book, improved chip supply and softening commodity prices major factors