Page 19 - Q3 Results

ICICI Bank's Q3 net jumps 34% YoY on robust net interest income growth

Bank adopts more conservative norms on NPA provisioning due to macro risks

IDFC First Bank Q3 net profit doubles to Rs 605 crore on growth in income

IDFC First Bank on Saturday reported a two-fold jump in its net profit to Rs 605 crore for the quarter ending December 2022, driven by growth in operating income. The private sector bank had reported a profit of Rs 281 crore for the October-December period of 2021-22. The bank's total income increased to Rs 7,064.30 crore in the third quarter this fiscal from Rs 5,197.79 crore in the corresponding quarter of 2021-22, IDFC First Bank said in a stock exchange filing. The bank further said customer deposits increased by 44 per cent from Rs 85,818 crore as of December 31, 2021, to Rs 1,23,578 crore at end-December 31, 2022. CASA deposits grew by 39 per cent year-on-year from Rs 47,859 crore as of December 2021 to Rs 66,498 crore as of December 2022. On the asset quality, it said the gross NPA improved from 3.96 per cent at end-December 2021 to 2.96 per cent as of December 2022. The Net NPA at quarter ending December 2022 improved to 1.03 per cent from 1.74 per cent in the year-ago ..

Punjab & Sind Bank Q3 profit up 24% to Rs 373 cr on rising interest income

State-owned Punjab & Sind Bank on Saturday reported a 24 per cent jump in profit at Rs 373 crore for the quarter ended December 2022, aided by healthy growth in interest income and decline in bad loans. The bank had posted a net profit of Rs 301 crore in the same quarter a year ago. Total income increased to Rs 2,245 crore in the December quarter from Rs 2,042 crore in the year-ago period, the bank said in a regulatory filing. The bank's interest income increased to Rs 2,107.44 crore from Rs 1,871.18 crore in the third quarter a year ago while Net Interest Income (NII) improved to Rs 805 crore from Rs 758 crore in October-December quarter of the previous fiscal. Net Interest Margin (NIM) stood at 3.12 per cent at the end of December 2022. On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 8.36 per cent as compared to 14.44 per cent at the end of third quarter of previous fiscal. Net NPAs also eased to 2.02 per cent as

Ultratech Cement's Q3 net profit falls 38% to Rs 1,062 cr, revenue up 19.5%

Revenue from operations, however, rose 19.53 per cent to Rs 15,520.93 crore from Rs 12,984.93 crore in the corresponding period a year ago, its results showed

YES Bank Q3 net down 80.7% at Rs 52 crore as ageing bad loan hurt

YES Bank's net interest income was up 11.7% YoY in Q3 to Rs 1,971 crore. Sequentially, NII declined from Rs 1,991 crore

Kotak Mahindra Bank's consolidated net profit rises 17% in Q3FY23

The lender's standalone net profit jumped 31% YoY in the October-December quarter

ICICI Bank Q3 profit jumps 34% to Rs 8,312 cr amid healthy growth in NII

Private sector lender ICICI Bank Saturday reported a 34 per cent jump in its standalone profit at Rs 8,312 crore for the quarter ended in December 2022, helped by healthy growth in net interest income

YES Bank reports surprise 80% plunge in Q3 profit to Rs 51 cr as NPAs rise

Net profit fell to Rs 51.52 crore for the three months through December from Rs 266 crore

UltraTech Cement quarterly profit falls 38% due to surge in expenses

India's top cement maker, UltraTech Cement, reported a 38% decrease in quarterly profit on Saturday, dented by a surge in expenses

LTIMindtree Q3 results: Net profit dips 4.6% to Rs 1,000 cr, revenue up 25%

IT company LTIMindtree on Friday posted a consolidated net profit of Rs 1,000.7 crore for the December quarter, a 4.6 per cent decline over the year-ago period due to one-off impact of merger-related integration cost. In November last year, L&T Group had announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), creating the country's sixth-largest software firm. The company's net profit stood at Rs 1,000.7 crore in the December 2022 quarter, compared to Rs 1,050.1 crore in the same period previous year. The revenue from operations came in at Rs 8620 crore for just-concluded Q3FY23, up 25.2 per cent on a year-on-year basis. We are pleased to report a strong Q3 FY23, our first as LTIMindtree," Debashis Chatterjee, Chief Executive Officer and Managing Director of the combined entity said. The combined entity has started out with a USD 1 billion quarterly revenue run rate, a top-quartile constant currency year-over year revenue growth of 16.3 per .

JSW Steel Q3 net profit falls over 85% to Rs 474 crore on higher expenses

Expenses were also higher at Rs 38,288 crore as against Rs 31,986 crore

Jio's Q3 profit rises 28% on higher revenue and lower finance cost

Jio Platform's revenue from operations grew 20.9 per cent annually to Rs 24,892 crore in the third quarter

RIL Q3 results: Net profit slips 15% but tops estimate, revenue up 17%

Crude price volatility weighs on PAT; board clears raising Rs 20K cr via NCDs

Reliance Retail net profit increases 6.2% to Rs 2,400 crore in Dec quarter

Ebitda from operations up 32.2%, revenue rises 18.6%

Analysts cautious on IndusInd Bank despite all-round beat in Q3; here's why

Nuvama Institutional Equities has downgraded IndusInd Bank's stock to 'hold' from 'buy'

Layoff season continues: Wipro fires 452 freshers on performance grounds

Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23

Hindustan Unilever's royalty hike move hits investor mood, stock dips 4%

Brokerages cut earnings given pressure on margins but see stock performing in long term

HDFC Life posts 15% surge in Q3 net to Rs 315 cr, income up to Rs 19,693 cr

HDFC Life on Friday reported a 15 per cent increase in net profit to Rs 315 crore for the third quarter ended December. The private sector insurer's profit stood at Rs 274 crore in the year-ago period, it said in a regulatory filing. Total income increased to Rs 19,693 crore in the latest December quarter from Rs 14,222 crore in October-December 2021. The company's solvency ratio too improved to 209 per cent from 190 per cent as on December 31, 2021. The regulatory requirement is 150 per cent. For the nine months period ended December, the life insurer posted a profit Rs 1,001 crore as against Rs 850 crore in the corresponding period a year ago.

Petronet LNG books highest ever quarterly profit of Rs 1,181 crore in Q3

The company argued it was able to achieve robust financial results due to cooling global LNG prices, and operational optimization cutting power and fuel costs

JSW Energy Q3 net dips 45% to Rs 180 cr, revenue surges 18% to Rs 2,350 cr

JSW Energy on Friday reported a 45 per cent decline in its consolidated net profit to Rs 180 crore for the December 2022 quarter. "(consolidated) Profit After Tax (PAT or net profit) stood at Rs 180 crore (in the quarter ended on December 31, 2022), which is lower YoY (year-on-year) compared to a PAT of Rs 324 crore in the corresponding period of the previous year," a company statement said. The company stated that during the quarter (October-December 2022), its total revenue increased by 18 per cent to Rs 2,350 crore from Rs 1,984 crore a year ago, due to higher realisation (as higher fuel costs are passed through in nature for LT PPAs (long term power purchase agreements). The EBITDA for the quarter was 18 per cent lower at Rs 727 crore vis-a-vis Rs 882 crore in the corresponding period of the previous year. It explained that the decrease is primarily due to lower short-term sales YoY, partly offset by the contribution from Vijayanagar Solar and higher other income in the ...