Page 60 - Q3 Results

IIFL Finance hits 20% upper circuit post December quarter results

Net interest income of the company grew 57 per cent YoY to Rs 573 crore

ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability

The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook

Dr Reddy's posts Q3 profit of Rs 20 crore, revenues at Rs 4,930 crore

Dr Reddy's Laboratories on Friday reported a consolidated net profit of Rs 20 crore for the October to December quarter as against a consolidated net loss of Rs 570 crore in the year-ago period.Not accounting for impairment cost, the company's net profit in the quarter would have been at Rs 882 crore, it said.The company's consolidated revenues grew 12 per cent year-on-year to Rs 4,930 crore.There were significant changes to the market conditions for certain of the products fanning part of company's global generics and proprietary products segments, said the company."We continued with our growth momentum while maintaining EBITDA margins. We are progressing well on phase three clinical trials for Sputnik V vaccine in India," said Co-Chairman and Managing Director G V Prasad.The company's revenues in India increased by 26 per cent year-on-year to Rs 959 crore in Q3 FY21. In North America, the sales rose 9 per cent to Rs 1,739 crore.

TVS Motor shares zoomed over 11% riding on 84.7% rise in Q3 earnings

TVS Motor Company on Thursday reported a 84.7 per cent increase in consolidated net profit at Rs 289.69 crore for the third quarter ended December, riding on the back of higher sales

Shriram Transport Finance soars 15% on improvement in asset quality in Q3

The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning

Tech Mahindra Q3 preview: Analysts expect up to 3% YoY decline in profit

Despite the headwind of furloughs and rupee appreciation, margins of growth for Tech Mahindra is expected to be flat in Q3FY21

Corporate earnings rebound in December quarter fails to lift Nifty EPS

The trailing 12-month EPS of the Nifty50 has risen just 2.8 per cent sequentially during the quarter. Further, earnings are still down 14.5 per cent year-on-year (YoY)

IndiGo posts Rs 620-crore loss in Dec quarter, plans to ramp up capacity

Logs 4th quarterly loss; will ramp up capacity to return to profitability

Maruti Suzuki Q3 net profit zooms 24% to Rs 1,941.4 crore on higher sales

Can't raise prices despite higher production cost, says firm

Eris Lifesciences Q3 net up 42% to Rs 90 cr, total income rises by 14%

Overall, the company saw decent growth in its product segments, led by cardio metabolic and vitamin-mineral-nutrients

Arvind SmartSpaces Q3 net takes 75% hit on Covid-induced disruption

The firm's consolidated total revenue dipped 53% to Rs 45 cr

TVS Motor posts highest-ever revenue and profit numbers in Q3 of FY21

During the nine-month period, focused working capital management and improved operating performance helped the Company generate free cash flow of Rs 1,616 crore

Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued

The company is cautious on passing on raw material cost hikes to protect volumes

RBL Bank Q3 net doubles to Rs 147 cr on other income, low operating costs

Affordable housing and tractor loans are the new business segments that the bank is entering

IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%

Deposits grew from Rs 2.18 trillion in Dece­mber 2019 to Rs 2.24 trillion.

Blue Dart Express posts net profit of Rs 95 cr for December quarter

Logistics major Blue Dart Express on Thursday reported a net profit of Rs 95.32 crore for the third quarter ended December 2020. The company had registered a net loss of Rs 31.92 crore in the corresponding quarter last fiscal, it said in a BSE filing. Revenue from operations for the third quarter stood at Rs 1,034.92 crore, the company said in a statement. "Blue Dart has outperformed in the quarter ended December 31, 2020, with an increase in sales by 21 per cent. The stellar performance for the quarter is backed by right yield management and aggressive cost efficiencies delivered through high service delivery by passionate and pandemic warriors frontline Blue Darters. "Sectors such as E-commerce, Pharmaceuticals, Consumer electronics etc saw rapid scaling owing to a shift in consumer buying behaviour & consumption patterns," its Managing Director Balfour Manuel said. He said the organisation has exceeded expectations of customers with a focus on service quality. "We are thrilled

Pidilite Industries reports 29% rise in Q3 net profit at Rs 446.43 cr

Pidilite Industries on Thursday reported a 28.99 per cent increase in consolidated net profit to Rs 446.43 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 346.11 crore in the same quarter previous fiscal, Pidilite Industries said in a regulatory filing. Its revenue from operations rose 19.33 per cent to Rs 2,299.02 crore during the quarter under review, as against Rs 1,926.59 crore in the year-ago period. "Profitability was higher due to the benefits of input costs and lower discretionary spends. However, with significant inflation in input costs, margins will be under pressure in the coming quarters," Pidilite Industries Managing Director Bharat Puri said. Its revenue from the 'Consumer & Bazaar' segment stood at Rs 1,848.89 crore, while business-to-business registered Rs 475.08 crore. "The Consumer and Bazaar (C&B) segment registered volume and value growth in excess of twenty per cent during this quarter. Robust growth was ...

Indus Towers posts consolidated profit of Rs 1,360 cr in Dec quarter

Indus Towers, formerly Bharti Infratel, had reported a profit after tax of Rs 1,331 crore in the same period a year ago

Improving outlook, lower promoter pledge positive for Emami stock

All round performance in Q3, attractive valuations add to the optimism, say analysts

Mahindra Finance reports net loss of Rs 223 cr in December quarter

Mahindra & Mahindra Financial Services on Thursday reported a consolidated net loss of Rs 223 crore for the third quarter ended December 2020. The financial services provider had posted a net profit of Rs 475 crore in the year-ago quarter. The total income declined by 3 per cent to Rs 2,993 crore during the third quarter as against Rs 3,081 crore in the same quarter last fiscal, Mahindra Finance said in a release. However, for the nine months ended December 2020, the company has posted a 34 per cent decline in consolidated net profit to Rs 561 crore compared to Rs 847 crore a year ago. Total income during April-December was up 3 per cent at Rs 9,132 crore as against Rs 8,856 crore in the same period previous fiscal. On a standalone basis, there was a net loss of Rs 274 crore in the third quarter. It had posted a net profit of Rs 365 crore in the year-ago period. Standalone income was down 2 per cent at Rs 2,575 crore. On asset front, the company's gross stage levels (or bad loan