Hero MotoCorp: India’s largest two-wheeler maker’s profits zipped into high-growth territory in the December quarter. Hero MotoCorp saw a 51% year-on-year jump in its net profit at ₹1,073 crore in the third quarter, mirroring the lift in profits and volumes seen by listed peers Bajaj Auto & TVS Motor Company.
ONGC: The PSU reported a decline of around 10% in its December quarter net profit to ₹10,356 crore, compared to ₹11,489 crore in the year-ago period. The petroleum giant’s revenue from operations during the quarter registered a decline of 2.2% at ₹1,65,569 crore, compared to ₹1,69,213 crore in the year-ago period.
Multi Commodity Exchange of India (MCX): The commodity derivate exchange reported a net loss of ₹5.3 crore, compared to a net profit of ₹39 crore in the year-ago period when it announced its December quarter results for FY24 on Friday. The firm’s revenue from operations in the quarter rose 33% to ₹191.5 crore, compared to ₹143.6 crore in the same period last year.
Pfizer: The pharmaceutical company reported a 13.7% YoY decline in its net profit to ₹130 crore ( ₹129.98 crore) in Q3FY24, compared to a net profit of ₹150.66 crore in Q3FY23. The firm also reported a decline of 13.2% in its revenue for the quarter at ₹540 crore, compared to ₹622 crore ( ₹621.75 crore) in Q3FY23.
DOMS Industries: The stationery and art material company reported that its PAT for Q3FY24 grew by 43.4% to ₹ 388.2 million, compared to ₹ 270.7 million in Q3FY23. Revenue from operations for Q3FY24 grew by 22.3% to ₹ 3,716.1 million, compared to ₹ 3,037.3 million in Q3FY23.
IRFC: The Indian Railway Finance Corporation reported a 1.7% YoY decline in its net profit to ₹1,604 crore in the December quarter of FY24, compared to a net profit of ₹1,633 crore in Q3FY23. IRFC reported an 8% annual rise in its revenue from operations to ₹6,742 crore against ₹6,218 crore in the year-ago period. The company’s earnings per share stood at ₹1.23 per share during the quarter under review.
Bandhan Bank: Net profit for the bank increased by 152% YoY to ₹732.7 crore in the quarter ending December 31, 2023, compared to ₹290.6 crore the same period last year. Its Net Interest Income (NII) recorded an annual growth of 21% to ₹2,525 crore inQ3FY24, compared to ₹2,081 crore in the year-ago period.
Tata Power: The power transmission company reported marginally higher third-quarter profit on Friday, as higher costs weighed on strong energy demand. Tata Power reported a consolidated net profit of 9.53 billion rupees ($114.8 million), up a modest 0.8% from last year.
Bajaj Hindustan Sugar: The company posted a consolidated net profit at ₹20.28 crore in Q3FY24, against a net loss of ₹122.87 crore in the second quarter this fiscal year, and a net loss of ₹177.20 crore it had posted in Q3FY23. However, its revenue from operations jumped to ₹1,740 crore for the quarter ended on December 31, 2023, from ₹1,430 crore, during same period last year.
EaseMyTrip: Online travel services provider EaseMyTrip reported a 9.5% rise in its Q2FY24 net profit to ₹45.7 crore, compared to ₹41.2 crore in the year-ago period, on Friday. Its net consolidated revenue increased by 18.1% YoY to ₹160.8 crore in the quarter ending December against ₹136 crore in Q3FY23. Its EBITDA increased to ₹65.3 crore during the quarter under review
