Page 18 - Q3 Results

Karur Vysya Bank Q3 profit surges 56% to Rs 289 cr on decline in bad loans

Karur Vysya Bank on Monday reported a 56 per cent jump in profit at Rs 289 crore for the quarter ended December 2022, helped by a rise in interest income and decline in bad loans. Its net profit stood at Rs 185 crore in the same quarter of the preceding financial year. Total income increased to Rs 2,013 crore in the quarter from Rs 1,600 crore in the year-ago period, the old generation private sector bank said in a regulatory filing. At the same time, interest income rose to Rs 1,695 crore as against Rs 1,405 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 2.66 per cent as compared to 6.97 per cent at the end of the third quarter of 2021-22. Net NPAs too eased to 0.89 per cent from 2.55 per cent. Despite a decline in bad loans, provision and contingencies increased more than two-fold to Rs 364 crore as against Rs 146 crore in the same period a year ago. The capital adequacy ra

Shoppers Stop Q3 profit jumps 24% to Rs 63 crore on festive demand

Shoppers Stop's net profit rose to Rs 620.6 million ($7.63 million) for the quarter ended Dec. 31

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

Gland Pharma Q3 net declines 15% to Rs 232 cr due to production delays

Gland Pharma Ltd on Monday reported a 15 per cent decline in consolidated net profit at Rs 231.95 crore for the third quarter ended December 2022, impacted by production delays due to supply disruptions. The company had posted a consolidated net profit of Rs 273.03 crore in the same period last fiscal, Gland Pharma said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 938.29 crore as against Rs 1,063.33 crore in the year-ago period. Total expenses in the third quarter were lower at Rs 688.95 crore as compared to Rs 743.43 crore in the same period a year ago. "Challenging business environment, ongoing supply chain disruptions leading to production delays continue to impact our performance," Gland Pharma Managing Director and CEO Srinivas Sadu said. The company's core markets US, Europe, Canada, Australia, and New Zealand accounted for 70 per cent of revenue during the quarter, maintaining a similar level of revenue contributio

Jindal Stainless Q3 profit drops 32% to Rs 298.56 cr due to higher expenses

Jindal Stainless on Monday reported 32.4 per cent drop in consolidated profit at Rs 298.56 crore for the quarter ended December, mainly due to higher expenses. The company had posted a consolidated profit of Rs 441.78 crore in the year-ago period, Jindal Stainless said in a filing to BSE. The consolidated revenue from operations of the company in the October-December increased to Rs 6,349.71 crore over Rs 5,670.02 crore in the year-ago period, the filing said. The consolidated total expenses increased to Rs 5,999.69 crore from Rs 5,059.41 crore. Jindal Stainless Managing Director Abhyuday Jindal said, "Agility and adaptability to changing market conditions lies at the core of sales and operations planning at Jindal Stainless. This strategy continued to serve us well in the last quarter and helped us align our sales mix with the domestic demand." "We also undertook focused measures to fulfil our environmental responsibility, including the commitment to power future growth through .

Jammu and Kashmir Bank Q3 net profit rises 79% to Rs 311 cr; NII up 27%

Jammu and Kashmir Bank on Monday said its December quarter net profit rose 79 per cent to Rs 311.59 crore. The net profit rose to Rs 311.59 crore as against Rs 173.95 crore registered for the same period last fiscal, a bank spokesperson said during its December quarter results announcement. The bank was well on its trajectory to meet annual profitability targets, the spokesperson added. "The bank's profit for nine months is up 85 per cent to Rs 721.05 crore from Rs 389.36 crore clocked during nine months of the last fiscal," he said. Its Net Interest Income (NII) increased 27 per cent to Rs 1,257.38 crore for the October-December quarter as compared to Rs 993.30 crore reported previous year. It posted a growth of 19 per cent Year-on-Year (Y-o-Y) for nine months to Rs 3,495.73 crore. The bank's operating profit grew 65 per cent Y-o-Y to Rs 544.11 crore during the quarter under review. "Driven largely by an improving asset-quality through better SMA management and vigorous recoveri

RattanIndia Power Q3 net loss widens to Rs 479 crore on higher expenses

RattanIndia Power on Monday reported widening of its consolidated net loss to Rs 479.76 crore for the December quarter, mainly due to higher expenses. The consolidated net loss of the electricity producer stood at Rs 386.69 crore in the quarter ended December 31, 2021, as per a BSE filing. Total expenses rose to Rs 1,411.05 crore in the quarter from Rs 1,243.84 crore in the same period a year ago. Total income climbed to Rs 931.29 crore from Rs 857.15 crore a year ago.

Puravankara Q3 bookings rise 20% to Rs 796 cr on higher price realisation

Realty firm Puravankara Ltd on Monday reported a 20 per cent increase in its sales bookings to Rs 796 crore for the quarter ended December, mainly on higher price realisation. In a regulatory filing, the Bengaluru-based company shared the operational update for the October-December period of 2022-23 financial year. Sales bookings stood at Rs 796 crore in the third quarter of this fiscal as against Rs 666 crore in the year-ago period. In terms of volumes, sales bookings rose 3 per cent to 1.02 million square feet from 0.99 million square feet. Price realisation increased to Rs 7,767 per square feet from Rs 6,727 per square feet. During April-December period of this fiscal, sales bookings increased to 2.79 million square feet from 2.32 million square feet in the year-ago period. Sales bookings rose 33 per cent to Rs 2,100 crore in the first nine months of this fiscal from Rs 1,576 crore in the corresponding period of this year. Price realisation increased 11 per cent to Rs 7,528 p

Tamilnad Mercantile Bank posts Q3 net of Rs 279 cr; income at Rs 1,172 cr

The total business of the bank at the third quarter ended December 31, 2022 stood at Rs 78,242 crores with a growth rate of 5.69 per cent

Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore

Analysts on average had expected the bank to report a profit of 54.43 billion rupees, according to Refinitiv IBES data

Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%

Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower

IDBI Bank posts record-high Q3 profit of Rs 927 crore on lower provisions

Most Indian banks have managed to improve their asset quality helped by a clean-up of balance sheet, write-offs and recoveries, and by ensuring that new slippages remained in check

Lloyds Metals hits new high on robust Q3 results; stock up 67% in 2 months

The company said that the revenue growth in Q3FY23 was driven by volume and price growth in both sponge iron and iron ore

Canara Bank reports 92% rise in net profit in Q3FY23, NPAs fall to 5.89%

Last week, Canara Bank said that is planning to sell its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to State Bank of India (SBI) for about Rs 114 crore

How to trade in Reliance Industries post Q3 results? Check key levels

After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels.

YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%

The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.

Reliance Industries gains 1% post December quarter earnings

The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.

Little to cheer for in Q3 early bird results; non-BFSI companies lag

In the slow lane: 2.5% rise in profit the least in 10 quarters

Absence of immediate drivers puts Reliance Industries stock in back seat

While Q3 performance beat Street estimates, O2C is key to sustaining growth this year

SBI Life Insurance Q3 profit falls over 16% to Rs 304 cr, total income up

Private sector SBI Life Insurance on Saturday reported more than 16 per cent decline in net profit at Rs 304 crore in the third quarter ended December 2022