Page 16 - Q3 Results

Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3

The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.

Macrotech Developers Q3 net rises to Rs 404 cr, income dips to Rs 1,902 cr

Realty firm Macrotech Developers Ltd on Tuesday reported a 41 per cent increase in its consolidated net profit at Rs 404.98 crore for the quarter ended December. Its net profit stood at Rs 286.38 crore in the year-ago period, the company said in a regulatory filing. However, the total income fell to Rs 1,902.44 crore in the third quarter of this fiscal year from Rs 2,155.70 crore in the corresponding period of the previous year. Macrotech Developers, which is one of the leading real estate firms in the country, markets its properties under the Lodha brand. It focuses on Mumbai Metropolitan Region (MMR) and Pune -- the two biggest property markets in Maharashtra. It has recently forayed into the Bengaluru residential market.

UCO Bank Q3 profit more than doubles to Rs 653 cr on decline in bad loans

UCO Bank on Tuesday reported more than two-fold jump in profit at Rs 653 crore for the quarter ended December 2022, driven by increase in interest income and decline in bad loans. Its net profit stood at Rs 310 crore in the same quarter of the preceding financial year. Total income increased to Rs 5,451 crore in the quarter from Rs 4,638 crore in the year-ago period, the bank said in a regulatory filing. At the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 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 5.63 per cent of gross advances as compared to 8 per cent at the end of the third quarter of 2021-22. Net NPAs too eased to 1.66 per cent from 2.81 per cent in the same quarter a year ago. As a result, provision for bad loans declined significantly to Rs 220 crore from Rs 565 crore in the same period a year ago. However, the capital adequacy ratio de

SBI Card Q3 net up 32% YoY to Rs 509 cr on strong interest income

Dip in impairment losses and bad debts suppports performance, stock dips on company missing street estimates

Price hikes, top-end car sales drive Maruti Q3 net up 130% to Rs 2,391 cr

Favourable forex variation, softening commodity prices and higher non-operating income drive performance, consolidated revenue jumps 26.9% to Rs 29,918 crore

United Spirits Q3 net declines 27% to Rs 214 cr, income dips to Rs 6,631 cr

Diageo-controlled liquor maker United Spirits on Tuesday said its consolidated net profit declined by 27 per cent to Rs 214 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 295 crore in the October-December quarter of last fiscal. Total income declined to Rs 6,631 crore for the period under review as against Rs 8,917 crore in the year-ago period, United Spirits said in a regulatory filing. For the nine months ended December 31, 2022, the Bengaluru-based company reported a net profit of Rs 1,023 crore as compared with Rs 632 crore in the year-ago period. Total income declined to Rs 22,079 crore as against Rs 23,306 crore in the April-December period of last financial year, it said. "We delivered a good quarter in an extremely volatile environment, carefully navigating through the route to market changes and input commodity cost inflation," United Spirits Managing Director & CEO Hina Nagarajan said. This is the first quarter post the .

Analysts raise Axis Bank's earnings forecast; to track deposit growth ahead

Axis Bank Q3 result review: Axis Bank's is moving in the right direction with improvement in net interest margins, sustaining loan growth momentum, and expansion in return profile, analysts said

Strides Pharma reports Q3 net loss of Rs 82 cr, revenue rises to Rs 865 cr

Strides Pharma Science on Tuesday reported a consolidated net loss of Rs 82 crore for the third quarter ended December 31, 2022. The drug firm had reported a net loss of Rs 127 crore in the October-December quarter of previous fiscal. Revenue from operations rose to Rs 865 crore for the quarter under review as against Rs 794 crore in the year-ago period, the company said in a regulatory filing. On a standalone basis, the company reported a net profit of Rs 12 crore as against a net loss of Rs 18 crore in the year-ago period, it added. The Bengaluru-based firm said the profit during the quarter was impacted by loss from JV and associates on account of inventory write off related to Covid portfolio. "We continue to focus on a profitable outcome for the business and have, by design, let go of several low margin businesses," Strides Pharma Science Founder, Managing Director and Executive Chairperson Arun Kumar said.

Colgate-Palmolive Q3 results: Net profit down 3.6% to Rs 243 crore

The toothpaste major's revenue from operations stood at Rs 1,281.2 crore

PNB Housing Finance Q3 results: Net profit rises 43% at Rs 269 crore

In comparison, the housing finance company (HFC) had booked a net profit of Rs 188 crore in the December quarter of FY22 and Rs 263 crore in the September quarter of FY23

Pidilite posts surprise fall in Q3 net on higher input costs, weak demand

Pidilite, known for its synthetic resin adhesive Fevicol and waterproofing product Dr. Fixit, reported a 4.7% rise in cost of raw materials

TVS Motor Q3 net up 28% to Rs 304 cr; EV sales surge 80% to 29,000 units

Operating EBITDA grows 16% to Rs 659 crore, EBITDA margin flat at 10.1%

HDFC AMC's Q3 profit up 3% to Rs 369 cr, revenue rises 1.8% to Rs 560 cr

Profit for the nine months ended December 31, 2022 was flat at Rs 1,048 crore

TVS Motor Q3 results: Profit rises 22% to Rs 353 crore on price hikes

TVS', which operates in 80 countries including South Africa, Argentina and Sri Lanka, revenue from operations rose to Rs 6,545 crore from Rs 5,706 crore

Tata Coffee consolidated Q3 net profit declines 45% to Rs 38 crore

Tata Coffee on Tuesday reported a 44.71 per cent decline in consolidated net profit during the December quarter at Rs 38.40 crore. The consolidated net profit of Tata Coffee Ltd (TCL) stood at Rs 69.46 crore in the year-ago period, it said in a regulatory filing. Consolidated total income for the quarter witnessed a 19.13 per cent growth during the October-December period at Rs 754.76 crore as compared to Rs 633.52 crore in the corresponding period previous year, driven by higher realisations in Eight O' Clock Coffee (EOC) and instant coffee businesses of the company. The company, a subsidiary of Tata Consumer Products formerly known as Tata Global Beverages, stated that the improved price realisations driven by superior product mix in instant coffee business both in India and Vietnam has aided the company's quarter performance. The operating performance of EOC business was impacted during the quarter under review by higher input and other costs, which are expected to ease over com

PowerGrid InvIT Q3 net dips 6% to Rs 216 cr, income declines to Rs 331 cr

Powergrid Infrastructure Investment Trust on Tuesday reported a more than six per cent decline in its consolidated net profit to Rs 216.82 crore in the December 2022 quarter. The consolidated net profit was Rs 232.63 crore in the quarter ended December 31, 2021, a BSE filing showed. The total income also declined to Rs 331.06 crore in the quarter from Rs 342.18 crore a year ago. "The Board of Directors of Powergrid Unchahar Transmission Ltd the Investment Manager to Powergrid Infrastructure Investment Trust (PGInvIT), also approved declaration of distribution of Rs three per unit for the quarter ended December 31, 2022, comprising Rs 2.01 per unit as interest, Rs 0.43 per unit as a taxable dividend, Rs 0.25 per unit as an exempt dividend, Rs 0.30 per unit as repayment of SPV Debt and Rs 0.01 per unit as treasury income. "Record date for the distribution to the unitholders will be Monday, January 30, 2023, and the payment of distribution will be made on or before Wednesday, Februar

PNB Housing Q3 net rises 43% to Rs 269 cr; retail loan asset grows 6.6%

PNB Housing Finance on Tuesday reported 43 per cent growth in consolidated profit after tax (PAT) at Rs 269 crore for the third quarter ended December 31, 2022. The company's net profit was Rs 188 crore in October-December period of 2021-22. Loan asset stood at Rs 58,034 crore as on December 31, 2022, as compared to Rs 57,845 crore by the year-ago period. During the quarter, the company's retail loan asset grew 6.6 per cent, while gross non-performing assets stood at 4.87 per cent as on December 31. PNB Housing Finance Managing Director & CEO Girish Kousgi said the company is making progress in growing retail loan asset and improving asset quality. "We continue to focus on loan asset growth and asset quality improvement while being profitable," he said. The company has 159 branches with presence in 113 cities. Shares of PNB Housing Finance closed at Rs 556.90 apiece , up 4.87 per cent over the previous close on the BSE.

Sunteck Realty's sales bookings rise 12% to Rs 396 crore on better demand

Sunteck Realty Ltd on Tuesday reported a 12 per cent increase in its sales bookings to Rs 396 crore on better demand. The company's sales bookings stood at Rs 352 crore in the year-ago period. "We had pre-sales of around Rs 396 crore in Q3 FY23, up 12 per cent on YoY (Year on Year) basis," the Mumbai-based firm said in a regulatory filing. During the April-December period of this fiscal year, the company's sales bookings rose 33 per cent to Rs 1,066 crore from Rs 800 crore in the corresponding period of the previous year, it said.

SBI Card Q3 profit rises 32% to Rs 509 crore, GNPA declines to 2.22%

SBI Cards and Payment Services Ltd on Tuesday reported a 32 per cent rise in its December quarter net profit at Rs 509 crore. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 386 crore during the corresponding period of the previous financial year. The company's total income grew marginally to Rs 3,656 crore during October-December 2020, against Rs 3,140 crore in the year-ago period, it said in a regulatory filing. Total Operating cost increased by 15 per cent at Rs 1,974 crore for the third quarter of FY23 from Rs 1,719 crore in FY22, it said. Its gross non-performing assets (NPA) declined to 2.22 per cent during the quarter under review as against 2.40 per cent a year ago. The net NPA too eased to 0.80 per cent from 0.83 per cent at the end of December quarter of previous financial year. As a result, impairment losses and bad debts expenses decreased by 15 per cent at Rs 533 crore from Rs 625 crore in FY22.

CG Power and Industrial Solutions Q3 profit falls 58% to Rs 228 crore

CG Power and Industrial Solutions on Tuesday said its consolidated net profit declined 58 per cent to Rs 227.86 crore in December quarter 2022-23. The company's net profit in the year-ago period was Rs 545.06 crore, according to a BSE filing. Total income rose to Rs 1,809.95 crore in the quarter from Rs 1,558.89 crore in the same period a year ago. Total expenses also increased to Rs 1,528.22 crore from Rs 1,385 crore in the same period of 2021-22. The company's board has also approved a proposal to expand the manufacturing capacity of power transformer and distribution transformer units of the company at its plants in Malanpur and Bhopal at an investment of Rs 126 crore. The proposed expansion would increase the capacity from 17,000 MVA to 25,000 MVA for power transformers and from 6,900 MVA to 9,900 MVA for distribution transformers. The current capacity utilization is around 65 per cent. The expansion project is expected to be implemented within a period of 15 months and will