Mankind Pharma: Revenue was up 25% to ₹2,606.9 crore, while Ebitda rose 39% to ₹606.5 crore in Q3. Ebitda margin up to 23.3% from 20.9% a year ago. Net profit rose 55% to ₹459.8 crore from ₹295.7 crore a year ago. Domestic revenue up 20% to ₹2,400 crore. Export revenue up 118% to ₹207 crore.
Shree Cement: Recorded 165% growth in standalone net profit at ₹734 crore for the December quarter, with improved realization and cost reduction amid robust demand growth. Revenue from operations grew 20% to ₹4,901 crore.
Jindal Steel & Power: Recorded a consolidated profit of ₹1,928 crore for the December quarter, up 272% from ₹518 crore a year ago, when it recorded an exceptional loss and higher tax costs. Consolidated revenue from operations fell 6% to ₹11,701.3 crore.
Dixon Technologies: Posted 87% growth in consolidated net profit at ₹97 crore for the December quarter, driven by a healthy topline, though the operating margin was weak owing to higher input cost. Revenue from operations doubled to ₹4,818.3 crore from a year ago.
InterGlobe Aviation: India’s largest airline IndiGo clocked a profit after tax of ₹2,998.1 crore in the December quarter as air travel soared, against a net profit of ₹1,422.6 crore a year earlier, beating estimates from Prabhudas Lilladher. Total income rose 30.2% from a year earlier to ₹20,062.3 crore. IndiGo expects capacity growth of 12% in the March quarter as compared to the same period a year ago
Tata Motors: The carmaker reported a surge of 137.5 per cent in consolidated net profit at ₹7,025.11 crore, compared to ₹2,958 crore in the year-ago period in the December quarter of FY24, beating Street estimates driven by strong sales in its British luxury car unit, Jaguar Land Rover (JLR). On the near-term outlook, Tata Motors remains positive on all three auto businesses.
JSW Infrastructure: The private-sector port operator said its consolidated net profit more than doubled year-on-year (YoY) to ₹250.66 crore in the December quarter, buoyed by increased cargo volumes and higher tariffs. The JSW Group company had reported ₹114.89 crore in net profit a year ago.
Ashok Leyland: The commercial vehicle maker reported a 60.5% YoY rise in its standalone net profit to ₹580 crore in the quarter ending December 2023. Net profit stood at ₹361.34 crore in the year-ago period. The company’s net standalone revenue increased by 2.7% YoY to ₹9,273 crore against ₹9,029.7 crore in the year-ago period. The Hinduja group firm’s EBITDA stood at ₹1114 crore during the quarter under review against Rs. 797 Cr (8.8%) during the December quarter.
Lupin: The pharmaceutical major posted a massive surge of 300% in consolidated net profit at ₹613 crore in Q3FY24, compared to ₹153.4 crore in the year-ago period, driven by record-high sales on strong growth across geographies. This is the fourth straight quarter when profit has more than doubled for the company. Lupin’s total revenue from operations for the quarter rose 20.2% to ₹5,197.4 crore, compared to ₹4,322 crore in the same period last year.
Trent: The Tata group company reported a 140% year-on-year (YoY) jump in its net profit for Q3FY24 at ₹370.6 crore, compared to a net profit of ₹154.8 crore in the same quarter last year. Revenue in Q3FY24 rose by 50.5% to ₹3,466.6 crore from ₹2,303.4 crore, YoY. The company’s EBITDA for the quarter spiked 95% to ₹629 crore from ₹323.2 crore, while EBITDA margin improved by 410 basis points (bps) to 18.1% from 14%, YoY.
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.
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.
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.
Coal India: The company reported a 17% increase in its consolidated net profit at ₹9,069 crore for the quarter ending on December 31, 2023, compared to ₹7,755 crore recorded in the corresponding period last year. Revenue from operations experienced a modest 3% year-on-year growth at ₹36,154 crore in Q3FY24, as opposed to ₹35,169 crore reported during the same period last year.
Mazagon Dock Shipbuilders: The company saw its net profit jump 76% YoY to ₹592 crore in Q3FY24. Its revenue during the December quarter gained 30% YoY to ₹2,363 crore, while EBITDA increased 71% to ₹808 crore. Finance costs fell to ₹1.29 crore in the quarter from ₹1.48 crore in the previous year. Sub-contract expenses plunged to ₹143.81 crore from ₹224.69 crore in the corresponding quarter of the previous year.
Nabard: The national developmental bank reported a 34% YoY rise in net profit at ₹4,495 crore for the December 2023 quarter, compared to a PAT of ₹3,345 crore in the year-ago period. The bottom line expansion was led by a margin increase of 18 basis points to 1.53%, a marginal improvement in gross bad loans at 0.27% and zero net Non Performing Assets (NPAs).
NMDC: The state-owned company posted a 62% rise in consolidated net profit at ₹1,469.73 crore in the December quarter, compared to a net profit of ₹903.89 crore in the year-ago period, the mining company said in an exchange filing. Its total income surged to ₹5,746.47 crore over ₹3,924.75 crore a year ago. NMDC’s expenses stood at ₹3,516.78 crore in the third quarter of the current fiscal as against ₹2,693.01 crore a year ago.
Bajaj Finance: The company registered 22% growth in consolidated net profit at ₹3,639 crore in the December quarter despite higher loan losses and provisions. Net interest income during the quarter increased by 29% from a year ago to ₹7,655 crore.
Petronet LNG: The company recorded consolidated net profit of ₹1,213 crore for the December quarter, up 41.7% from the previous quarter, backed by healthy operating numbers. Revenue from operations grew by 17.7% sequentially to ₹14,747.2 crore during the quarter.
Adani Power: The Adani Group company saw its consolidated net profit increase more than more than 300-fold to ₹ 2,738 crore in the December quarter from ₹8.8 crore a year ago. Consolidated revenue from operations rose 67.3% year-on-year to ₹12,991.4 crore
Sanghi Industries: Net loss widened to ₹201 crore in the December quarter from ₹118 crore a year ago thanks to higher expenses. Net sales were up 42.4% to ₹189.1 crore but expenses rose 31.8% to ₹332.6 crore. Ebitda loss also widened to ₹22.8 crore from ₹18.8 crore last year because of higher finance costs.
Yes Bank: The private-sector lender reported a 345% year-on-year rise in net profit in the December quarter, but missed estimates. Net profit came in at ₹231.5 crore, against ₹52 crore a year ago. Core income, or net interest income, for the quarter rose 2.3% year-on-year to ₹1,194.6 crore.
Bajaj Auto: The company reported a rise of 37% in standalone net profit at ₹2,042 crore, beating estimates of a 33% YoY rise to ₹1,987 crore by leading brokerage firms. At ₹2,042 crore, Bajaj Auto’s net profit rose 37 per cent YoY compared to ₹1,491 crore in the year-ago period. The company’s revenue from operations jumped 30.1 per cent to ₹12,114 crore, compared to ₹9,315 crore in the corresponding period last year.
TVS Motor: The two-wheeler maker reported a 68% YoY rise in standalone net profit at ₹593.35 crore in Q3FY24, compared to a net profit of ₹352.75 crore during the year-ago period. TVS reported a 26% YoY rise in its net standalone revenue to ₹8,245 crore during the quarter under review compared to the ₹6,551 crore it had earned in the year-ago period. The company’s operating revenue increased by 26% YoY to ₹8,245 crores for the quarter ended December 2023, compared to ₹6,545 crores reported in Q3FY23.
Indian Overseas Bank (IOB): The state-owned bank reported a 30% rise in net profit at ₹723 crore for Q3FY24, on the back of improvement in core income and reduction in bad loans. The lender had earned a net profit of ₹555 crore in the corresponding quarter a year ago. Operating profit of the bank improved to ₹1,780 crore compared to ₹1,540 crore in December 2022
United Spirits: Diageo-controlled liquor maker United Spirits reported a 63.5% year-on-year (YoY) rise in net profit at ₹350.2 crore for the third quarter ended December 31, compared to ₹214.2 crore in the corresponding quarter last year. Its revenue from operations increased 8% to ₹3,002 crore as against ₹2,778.7 crore in the corresponding period of the preceding fiscal.
ICICI Bank: The private lender released its Q3FY24 results on Saturday and reported a 23.5 jump in its standalone net profit at ₹10,272 crore compared to ₹8,312 in the corresponding quarter last year. The bank reported a healthy jump of 10% in its core operating profit and its asset quality remained stable during the quarter.
Cipla: The Pharmaceutical major’s consolidated net profit rose 32% to ₹1,056 crore in Q3FY24, compared to the ₹801 crore net profit it earned in the corresponding quarter last year. Cipla’s total revenue from operations for the quarter saw a marginal dip at ₹6,603 crore, compared to ₹6,678 crore in the previous quarter, but up 13.66% from ₹5,810.09 crore in the corresponding period a year ago
Coforge: The IT firm recorded a 31% jump in its quarter-on-quarter net profit at ₹238 crore in Q3FY24, from ₹181 crore during the quarter ending September 2023, and a 4.2% rise from ₹228.2 crore in Q3FY3. The revenue from operations of the company rose 16% to ₹6,820.5 crore during the period under review, from ₹5,844.6 crore in December 2022.
Colgate-Palmolive India: The fast-moving consumer goods major reported a net 35.71 per cent increase in its net profit to ₹330.11 crore for the December quarter, on Monday, led by a double-digit growth in the toothpaste segment. The company’s sales increased by 8.21 percent to ₹1,386.41 crore in Q3FY24, compared to ₹1,281.21 crore in the corresponding period a year ago.
ICICI Securities: The company reported 66.6% year-on-year growth in standalone profit at ₹465 crore for the December quarter, backed by a healthy topline and operating performance. Revenue from operations grew by 50.5%to ₹1,322.4 crore from a year ago.
