Page 15 - Q3 Results

Tata Steel Long Products reports loss of Rs 237 crore in Q3, income rises

Tata Steel Long Products Ltd on Wednesday reported a standalone loss of Rs 236.93 crore in the quarter ended December 31, 2022. In contrast, the company had posted a standalone profit of Rs 103.88 crore in the year-ago period, Tata Steel Long Products Ltd said in a regulatory filing. The standalone income of the company increased to Rs 1,952.41 crore from Rs 1,686.98 crore in the year-ago period.

Torrent Pharma Q3 PAT up 14% to Rs 249 crore riding on India, Brazil

Torrent Pharma's revenues came in at Rs 2,491 crore for the quarter under review. The Ebitda margins were at 29.1 per cent while gross margins were 71 per cent during Q3FY23

DLF's net profit up 35% in Q3, total revenue falls to Rs 1,560 crore

Exceptional expenses last year boost profit in Q3

Jyothy Labs Q3 net profit jumps 77.25% to Rs 674 crore, revenue rises

FMCG firm Jyothy Labs Ltd on Wednesday reported a 77.25 per cent jump in its consolidated net profit at Rs 673.9 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 380.2 crore in the same period last fiscal, it said in a regulatory filing. Consolidated revenue from operations were at Rs 6,126.7 crore during the quarter under review as compared to Rs 5,390.3 crore in the year-ago period, it added. "The business has been resilient in spite of high commodity inflation impacting the consumption across categories. We have been focussed only on execution to drive higher operating revenues and manage margins in the inflationary environment," it said. The company said it has focussed on a strategy to build scale and gain market share backed by enhanced distribution, including reaching out to newer geographies, increase brand visibility and product innovation initiatives. "We continue to drive execution-led growth to build scale. This

Ceat reports Rs 35 crore net profit in Q3, total income increases

Tyre maker Ceat on Wednesday posted a consolidated net profit of Rs 35 crore for the third quarter ended December 2022. The company had reported a net loss of Rs 20 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 2,729 crore in the third quarter from Rs 2,416 crore in the year-ago period, Ceat said in a regulatory filing. "Our margins continue to improve as a result of the cooling commodity prices. Growth is led by domestic demand as we remain cautious about international markets that are getting impacted by recessionary trends," Ceat Managing Director Anant Goenka said. The company's outlook for the ongoing quarter is positive, he added. "We have the capacities available to cater to a growing market demand," Goenka said. Ceat CFO Kumar Subbiah said the company brought down its overall inventories by Rs 280 crore, which helped in bringing efficiencies in operating cash flows and minimising borrowings. "We intend to maintain our capex fo

Amara Raja Batteries Q3 net profit rises 53% to Rs 222 cr, total income up

Amara Raja Batteries on Wednesday said its consolidated net profit increased by 53 per cent to Rs 222 crore for the third quarter ended December 2022. The company had reported a net profit of Rs 145 crore in the October-December period of last fiscal. Total income rose to Rs 2,664 crore in the third quarter as against Rs 2,385 crore in the year-ago period, the company said in a regulatory filing. Shares of the company declined by 1.14 per cent to Rs 566 apiece on the BSE.

Jindal Saw Q3 PAT rises manifold to Rs 143 cr, revenue from operationss up

Jindal Saw Ltd on Wednesday reported manifold rise in its consolidated profit after tax at Rs 143.23 crore in the December 2022 quarter. The company had posted a profit after tax of Rs 0.68 crore in the year-ago period, it said in a regulatory filing. The consolidated revenue from operations in the October-December period increased to Rs 5,157.94 crore, over Rs 3,471.04 crore in the corresponding period of previous fiscal, the filing said. During the quarter ended December 31, 2022, the company's profitability improved significantly as compared to the previous quarter ended September 2022 on account of positive demand off take and superior execution across key pipe categories. However, the extreme volatility in foreign exchange rates (Indian rupee to US dollar) continued to impact the net profit of the company during the third quarter of the current financial year. Stability in key raw material prices helped the company to maintain its order book position despite higher shipments

Blue Dart Express Q3 net profit falls 28.2% on back of higher expenses

BENGALURU (Reuters) - Indian courier services provider Blue Dart Express reported a 28.2% fall in quarterly profit on Wednesday, as high fuel costs hit margins, while demand also slowed.

DRL posts strong 77% profit growth to Rs 1,247 cr riding on US, Russia

Firm says sustained focus on improving productivity has also helped boost profits; DRL is now bullish on its biosimilars and hopes to start filing for them in US in the coming quarters

TeamLease Q3 profit dips 5% YoY, board to consider share buyback next week

The company's revenue grew 14% YoY to Rs 2,108 cr in the quarter ended December, from Rs 1,767 crore a year ago. EBITDA fell 16% to Rs 32 crore in Q3

TVS Credit Services Ltd Q3 net profit at Rs 97.97 cr, total income jumps

Non-banking finance company TVS Credit Services Ltd has reported a net profit at Rs 97.97 crore for October-December 2022, the company said on Wednesday. The city-based company, a part of the diversified conglomerate TVS Group, reported the net profit at Rs 55.88 crore during corresponding quarter last year. The net profit for the nine-month period ending December 31, 2022 was at Rs 278 crore as against Rs 58 crore registered in the same period last year. Total income during the quarter went up to Rs 1,094.13 crore from Rs 723.60 crore recorded in corresponding period last year. The assets under management stood at Rs 19,541 crore as of December 31, 2022. "In Q3 FY '23, our business has witnessed a growth in loan disbursements owing to strong momentum across products. This fiscal we have added over two million customers till date, bringing our total customer base to nearly 10 million," said CEO of the company Ashish Sapra. "We will continue to provide enhanced customer experience

Torrent Pharma Q3 net profit up 14% to Rs 283 cr; interim dividend declared

Torrent Pharma on Wednesday said its consolidated net profit increased by 14 per cent to Rs 283 crore in the third quarter ended December 31, 2022. The drug firm had reported a net profit of Rs 249 crore in the October-December period of previous fiscal. Net sales increased to Rs 2,459 crore in the quarter under review as against Rs 2,092 crore in the year-ago period, the company said in a regulatory filing. The company's board, which met on Wednesday, declared an interim dividend of Rs 14 (280 per cent) per share of Rs 5 each. On Wednesday, shares of the company ended 1.86 per cent down at Rs 1,557.50 apiece on the BSE.

DLF Q3 profit jumps 37% on account of reduced costs and stable demand

Indian real estate developer DLF Ltd reported a nearly 37% rise in quarterly profit on Wednesday, helped by a fall in expenses and rising demand for various housing projects.

Cipla Q3 net up 10% to Rs 801 cr, posts highest ever quarterly sales in US

Revenue up 6% to Rs 5,810 cr; firm expects US FDA audit at Goa unit

Dr Reddy's Lab Q3 net up 77% at Rs 1,247 cr, revenue from operations jump

Dr Reddy's Laboratories on Wednesday reported a 77 per cent increase in its consolidated net profit at Rs 1,247 crore in the third quarter ended December 31, 2022. The drug firm had reported a net profit of Rs 706 crore in the October-December period of the previous fiscal. Revenue from operations rose to Rs 6,770 crore during the period under review as against Rs 5,320 crore in the year-ago period, Dr Reddy's Laboratories said in a regulatory filing.

Tata Motors Q3 result: Consolidated revenue up 22.5% to Rs 88,488 crore

The total income in the December quarter of FY23 stood at Rs 15,967.16 crore, up 27.82 per cent from Rs 12,491.52 crore YoY

TeamLease posts Q3 profit drop as revenue growth slows, costs rise

Indian staffing firm TeamLease Services Ltd on Wednesday reported a drop in quarterly profit hurt by slowing revenue growth and higher expenses.

Bajaj Auto Q3 net profit up 3% at Rs 1,473 cr on back of sales growth

Bajaj Auto on Wednesday said its consolidated net profit increased 3 per cent to Rs 1,473 crore in the third quarter ended December 31, 2022, aided by sales growth in the domestic market. The Pune-based company had reported a net profit of Rs 1,430 crore for October-December period a year ago. Total revenue from operations rose to Rs 9,319 crore in the quarter under review from Rs 9,022 crore in the year-ago period. The company said its total sales across domestic and export markets stood at 9,83,276 units in the third quarter as compared with 11,81,361 units in the same period last fiscal, a dip of 17 per cent. In the domestic market, the company reported sales of 5,44,188 units, up 4 per cent from 5,23,299 units in the year-ago period. Exports, however dropped 33 per cent to 4,39,088 units as against 6,58,062 units in October-December period of last fiscal. "On exports, macro-economic challenges continue to subdue industry volumes across overseas geographies. While the company

Cipla Q3 net profit rises 7% to Rs 808 cr on account of robust sales

Drug major Cipla on Wednesday reported a 7 per cent increase in its consolidated net profit to Rs 808 crore for the third quarter ended December 2022, aided by robust sales. The Mumbai-based drug maker had reported a net profit of Rs 757 crore for the October-December period of the last fiscal. Its total revenue from operations rose to Rs 5,810 crore for the third quarter compared to Rs 5,479 in the year-ago period, Cipla said in a regulatory filing. For the nine months ended December 31, 2022, the company reported a net profit of Rs 2,311 crore against Rs 2,176 crore in the same period last fiscal. Shares of the company were trading 2.73 per cent down at Rs 1,032.50 apiece on the BSE.

TVS Motor gains 3% in weak market on stable Q3 performance

Domestic demand is expected to improve sequentially in 4Q, supported by better rural market sentiment on the back of strong rabi crop sowing and higher MSPs.