Page 26 - Q3 Results

Goldman Sachs unveils business revamp as third-quarter profit falls

Profit applicable to common shareholders fell to $2.96 bn, or $8.25 per share, in the quarter ended Sept. 30, from $5.28 bn, or $14.93 per share, a year ago

Delta Air Lines posts $695 million profit in Q3, sees busy holiday season

Delta Air Lines reported a USD 695 million third-quarter profit Thursday as higher average fares this summer and a lucrative credit-card business more than offset higher fuel prices. The airline forecast that revenue during the final three months of the year will top pre-pandemic levels. Delta's CEO said he sees no indication that anxiety over inflation and the economy will discourage people from travelling over the holidays. It's going to be a very strong holiday season Thanksgiving, Christmas, New Year's, said CEO Ed Bastian. Consumers are still relatively healthy. They have deferred spending, but where they have deferred it is the acquisition of things. Delta's third-quarter numbers support that view. The airline's operating revenue rose 11 per cent above 2019 levels even with an 18 per cent drop in passenger traffic. That was possible because the average passenger paid 23 per cent more per mile than during the same months of 2019. Revenue from premium customers rose, while m

Tesla deliveries miss estimates in Q3, slowed by supply-chain snarls

It delivered a record 343,830 cars worldwide in the third quarter. Analysts had expected that nearly 358,000 vehicles would be shipped

Consumer durables firms may have to wait until Q3 to find their sea legs

Hypercompetition, high-cost inventory, and volume-over-margins delay gains

Apple revenues from India nearly doubled in June quarter: Tim Cook

Cook added that Apple continues to execute across some significant geographies where there's a very low penetration of the iPhone

P&G Hygiene and Health Care net profit rises 4.6% to Rs 102.85 cr in Q3

Procter & Gamble Hygiene and Health Care Ltd on Thursday reported a 4.59 per cent increase in its net profit to Rs 102.85 crore for the third quarter ended March 2022. The company, which follows July-June financial year, had posted a net profit of Rs 98.33 crore in the corresponding period last year, Procter & Gamble Hygiene and Health Care Ltd said in a regulatory filing. Its revenue from operations rose 28.11 per cent to Rs 973.26 crore during the period under review against Rs 759.66 crore in the January-March period last year. Procter & Gamble's profit was driven by a continued focus on productivity and a one-time hurt due to retrospective tax law change, the company said in an earnings statement. "Excluding this one-time impact, PAT was up 20 per cent vs year ago, despite commodity inflation," it said. Its total expenses were at Rs 828.19 crore, up 28.36 per cent against Rs 645.18 crore. Procter & Gamble Hygiene and Health Care Managing Director Madhusudan Gopalan

The stock of this specialty chemicals has zoomed 51% in one month

The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.

Beauty and personal care segments shrug off Omicron wave in Dec quarter

Companies post strong growth in Q3; competition heats up as ABFRL, TCNS Clothing enter space

DCB Bank slips 5%; stock hits 21-month low on asset quality concerns

The weakening in the asset quality was partly due to the bank's customer profile, mainly comprising small-ticket borrowers in the self-employed segment, that was more severely impacted by the pandemic

Puravankara Q3 sales bookings jump 17% to touch Rs 666 crore

Realty firm Puravankara Ltd's sales bookings rose 17 per cent to Rs 666 crore in the third quarter of this fiscal year on the back of higher volumes as well as per square feet price realisation. According to its investors presentation, Puravankara sold 0.99 million square feet area during October-December 2021-22 as against 0.91 million square feet area in the year-ago period. The company sold 690 units in the quarter under review as against 661 units in the corresponding period of the previous year. In terms of value, the total sales bookings rose 17 per cent to Rs 666 crore in the quarter from Rs 570 crore in the year-ago period. The average sales realisation increased by 7 per cent to Rs 6,727 per square feet from Rs 6,262 per square feet. "Market consolidation and general economic development continues to enable strong sales performance; and the same is expected to continue in the near future," the company said. Puravankara said its new launches of projects are on track to ca

Consumption remains weak

Higher inflation is affecting operating margins

Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles

Increase in production, higher prices, better margins and high dividend yield are key positives

Growth revival key to reversing declining trend in Godrej Consumer stock

Weak show in India business dents Q3, margin pressures may remain

G R Infraprojects hits all-time low; stock plunges 22% thus far in February

In Q3FY22, the company's consolidated profit after tax declined 65 per cent year-on-year to Rs 145 crore, due to lower operational income.

Consumer durables market feels Omicron chill in the third quarter

Consumer durables market is however expected to return to normal this summer as demand increases post omicron chill.

Sensex falls 105 pts amid mixed global cues; Adani Green gains 6%, HDFC 2%

HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today

Nykaa hits new all-time low, slumps 9%; down 34% in a month

Since February 9, 2022, in the past seven trading sessions, the stock has dipped 27 per cent after the company reported a disappointing set of numbers.

Q3 earnings growth slowest in 6 quarters. What lies ahead for India Inc?

India Inc clocked a healthy quarterly growth in Q3 of FY22. But, it was the slowest in six quarters as increased input costs weighed on margins. Find out how inflation headwinds could affect growth

TMS Ep110: Online gaming, Kulmeet Bawa, markets, in-car payment

What's the future of online gaming with stakes? How does Kulmeet Bawa plan to double India's contribution for SAP India? What lies ahead for India Inc amid slowing Q3 earnings? What's in-car payment?

Demand recovery crucial to fill up cracks in cement sector

Dec qtr results were disappointing as costs escalated and volumes came under pressure