Page 32 - Q3 Results

JK Paper shares rise nearly 4% after over two-fold increase in Q3 net

Shares of JK Paper on Wednesday jumped nearly 4 per cent after the company reported over two-fold increase in consolidated net profit for the third quarter ended December 2021. The stock gained 3.61 per cent to settle at Rs 243.65 on BSE. During the day, it rallied 5.46 per cent to Rs 248. On NSE, it jumped 3.17 per cent to close at Rs 242.45. In volume terms, 2.14 lakh shares were traded on BSE and over 25 lakh on NSE. JK Paper on Tuesday reported over two-fold increase in consolidated net profit to Rs 151.05 crore for the third quarter ended December 2021, helped by growth in volume. The company had logged a net profit of Rs 64.59 crore in the October-December period a year ago, JK Paper said in a regulatory filing. The total income increased to Rs 1,056.41 crore during the period under review, against Rs 770.45 crore in the year-ago period, the company said.

Berger Paints' net profit falls 8% to Rs 253 crore in Dec quarter

Berger Paints India Ltd on Wednesday reported an eight per cent decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter. The company had posted a net profit of Rs 274.98 crore during the corresponding quarter last year, Berger Paints India said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.42 per cent to Rs 2,550.77 crore, compared with Rs 2,118.19 crore in the year-ago period. Berger Paints' total expenses stood at Rs 2,228.56 crore in December 2021, a 26.26 per cent jump as against Rs 1,764.94 crore a year ago. Shares of Berger Paints India Ltd on Wednesday settled at Rs 722.55 on the BSE, up 0.62 per cent from the previous close.

State-run PGCIL net dips 2.2% to Rs 3,292 crore in December quarter

State-run Power Grid Corporation of India Ltd's consolidated net profit declined by 2.2 per cent to Rs 3,292.97 crore in the October-December quarter compared to the year-ago period.

Tata Power net profit rises 74% to Rs 552 cr in December quarter

This was the ninth consecutive quarter of PAT growth, it added

Airtel says recent tariff revision consolidated net 4G SIM additions

In late-November 2021, Bharti Airtel increased tariffs on prepaid plans by around 20 per cent, as did by Reliance Jio and Vodafone Idea

DCB Bank Q3 net down 21.9% YoY to Rs 75 cr as other income falls

Sequentially, net profit rose marginally from Rs 65 crore in Q2FY22

Sensex gains 657 pts, Nifty tops 17,450; Maruti rises 4%, Adani Wilmar 20%

Stock market LIVE: Sectorally, Nifty Auto index was the top performer now, up 1.5 per cent, followed by Nifty Private Bank, and IT indices. PSU index was the sole loser, down 0.8 per cent.

Bosch net profit rises 27.5% to Rs 234.79 crore in December quarter

The company had posted a consolidated net profit of Rs 184.15 crore in the same period last fiscal

Kolte-Patil Developers profit dips 76% to Rs 5.37 cr in December quarter

Total income rose to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in the corresponding period of the previous year, according to a regulatory filing

Rupa & Co net profit rises 34% at Rs 58.3 crore in December quarter

Revenues of the company increased 25 per cent during the quarter at Rs 433.2 crore as compared to Rs 345.6 crore in the similar previous period

Stove Kraft tanks 16% on weak December quarter earnings

In Q3FY22, Ebitda margin contracted 770 bps at 7.2 per cent as it witnessed cost pressures from raw material price increase during the quarter.

Bharti Airtel profit drops 2.8% to Rs 830 crore in Q3; revenue up 12.6%

The company generated free-cash flow of Rs 8,803 crore during the quarter, up from Rs 5,314 crore a year ago and Rs 7,046 crore in the previous quarter

BSE Q3 net up 86% to Rs 59 cr on spike in average daily turnover

Revenues from operations grew 60% YoY to Rs 192.7 crore

TTML losses widen to nearly Rs 302 crore in December quarter

Tata Teleservices (Maharashtra) on Tuesday reported widening of losses to about Rs 302 crore for the quarter ended December 2021 compared to the year-ago period.

J&K Bank net profit jumps over two-fold to Rs 175 cr in Dec quarter

State-owned Jammu & Kashmir Bank on Tuesday reported a more than two-fold rise in its net profit at Rs 174.81 crore for the quarter ended December 2021 on the back of a significant drop in its provisioning requirement. The bank had posted net profit of Rs 66.37 crore in the same quarter a year ago, and Rs 111.60 crore in the preceding quarter ended September 2021. Total income during Q3 FY22, however, was down at Rs 2,178.57 crore as against Rs 2,349.81 crore in Q3FY21, J&K Bank said in a regulatory filing. It also fell sequentially from Rs 2,203.36 crore in the September quarter of this fiscal. Interest income during the quarter fell to Rs 2,019.77 crore as against Rs 2,076.37 crore. The lender's provisioning for bad loans and contingencies for the quarter came down significantly to Rs 8.22 crore, as against Rs 457.61 crore it had put aside in the year-ago period. As of December 31, 2021, the government of Jammu & Kashmir held 70.12 per cent stake in the bank. Provision ..

Bata India profit rise nearly three folds at Rs 72 cr in December quarter

Bata India on Tuesday reported nearly three-fold increase in consolidated net profit at Rs 72.32 crore for December quarter 2021-22. The company had posted a net profit of Rs 26.41 crore in the year-ago period, Bata India said in a BSE filing. Revenue from operations was up at Rs 841.30 crore during the quarter under review as against Rs 615.62 crore. "Backed by improved sales during the festive season and re-opening of economy, revenue from operations for the quarter stood at Rs 841.3 crore and profit before tax was Rs 97.27 crore," said Bata India a post earning statement. Total expenses were at Rs 757.54 crore as against Rs 588.10 crore in the year-ago period. "In this quarter, we saw significant improvement in customer sentiment. Additionally, we kept expanding our reach through new franchise stores & multi-brand outlets," Bata India MD and CEO Gunjan Shah said. During the quarter, Bata India opened 34 new franchise stores, expanded availability via a distribution channel tha

Jagran Prakashan Q3 consolidated net profit rises 43% to Rs 110 crore

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Tuesday reported 43.41 per cent increase in consolidated net profit at Rs 110.30 crore for the third quarter ended December 2021.

JK Paper consolidated net profit soars to Rs 151 crore in Dec quarter

JK Paper on Tuesday reported over two- fold increase in consolidated net profit at Rs 151.05 crore for the third quarter ended December 2021 helped by growth in volume.

Escorts Q3 consolidated net profit drops 32% to Rs 194 crore

The company had posted a consolidated net profit of Rs 286.42 crore in the same quarter last fiscal

Airtel Q3 results: Net profit falls 3% to Rs 830 cr, revenue rises 13%

'The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs 163,' says CEO Gopal Vittal