Page 39 - Q3 Results

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Biocon posts 19% dip in Q3 net profit as generics biz takes a hit

Biocon's consolidated revenue for Q3 of FY21 increased by 7.20 per cent at Rs 1878.9 crore as against Rs 1752.6 crore for the said quarter last year

Bandhan Bank's Q3 net profit down 13.5% on higher Covid provisioning

The lender has made provisioning to the tune of Rs 1,068 crore in Q3FY21, of which Rs 1,000 crore is covid-related

Exports, richer sales mix drive Bajaj Auto's Q3 earnings to record high

The maker of Pulsar and Discover brands reported a record net profit of Rs 1,556 crore compared to Rs 1,262 crore a year ago

South Indian Bank posts Rs 92 cr loss in Dec qtr due to rise in bad loans

The bank had recorded a net profit of Rs 90.54 crore in the corresponding period of the previous financial year

Mphasis reports 10.8% rise in consolidated profit to Rs 325.5 cr in Dec qtr

The company's net profit stood at Rs 293.6 crore in the year-ago period, it said in a regulatory filing

Asian Paints Q3 profit surges 62% to Rs 1,238 crore, revenue grows 25%

Consolidated revenue from operations increased 25.2 per cent to Rs 6,788.5 crore in Q3, compared with Rs 5,420.3 crore last year

Reliance Power third quarter profit increases 6% to Rs 52 crore

The profit rise was mainly helped by higher revenues.

South Indian Bank books Q3 loss at Rs 92 cr over Covid-related slippages

CEO sees quarterly loss mainly on account of stress in the economy due to the coronavirus pandemic.

Top headlines: Sensex scales 50k for first time, RBI sees growth recovering

Business Standard brings you top news of the evening

Asian Paints third quarter net profit jumps 62% to Rs 1,265 crore

Asian Paints on Thursday reported a 62.28 per cent jump in its consolidated profit to Rs 1,265.35 crore for the third quarter ended December 31, 2020. The company had posted a profit of Rs 779.71 crore during the same period of previous fiscal. Revenue from operations for October-December quarter stood at Rs 6,886.39 crore, up 25.43 per cent, as against Rs 5,490.11 crore reported in the same period of 2019-20 fiscal, Asian Paints Ltd said in a regulatory filing. Amit Syngle, Managing Director & CEO, Asian Paints said demand conditions continued to exhibit a strong recovery across business segments, spread over most regions in the third quarter of this financial year. "The domestic decorative business delivered a powerful performance with more than 30 per cent volume growth led by a strong performance in premium and luxury portfolios. The Home Dcor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business". Syngle said the international ...

Cost control steps, operational efficiency drive Sygene's Q3 net up by 11%

Consolidated revenue rises by 11.59 per cent to Rs 601.6 crore

Kajaria Ceramics gains 7%, hits record high on strong Q3 operating margin

The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter

Bajaj Auto Q3 preview: Profit may rise over 10% on volume, ASP growth

Bajaj Auto's stock gained 15.36 per cent in the December quarter as compared to 22.46 per cent rally in the Nifty50 index in the same period

Improving revenue growth trajectory key for Tata Communications stock

Street will also keep an eye on margins as marketing costs start to impact profitability

L&T Technology Services third quarter net profit falls 8.8% to Rs 186.1 cr

Larsen & Toubro Technology Services (LTTS) on Wednesday posted an 8.8 per cent decline in consolidated net profit to Rs 186.1 crore for the December 2020 quarter. The company had registered a net profit of Rs 204.1 crore in the year-ago period, it said in a regulatory filing. Its revenue fell 1.6 per cent to Rs 1,400.7 crore in the quarter under review from Rs 1,422.9 crore a year ago, it added. On a sequential basis, the net profit was higher by 12.4 per cent from Rs 165.5 crore, while revenue increased 6.6 per cent from Rs 1,313.8 crore in the September 2020 quarter. "Our Q3 results marked another quarter of resilient performance with growth in revenue, deal wins, operating margin and free cash flow. All five of our industry segments grew sequentially, while three segments - Industrial Products, Plant Engineering and Telecom & Hitech grew over 5 per cent," LTTS CEO and Managing Director Keshab Panda said. Large deal bookings were the highest ever, helped by the marquee USD ..

Indices end at record closing; Sensex up 394 pts at 49,792, Nifty at 14,645

Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent

Rebound in petchem, retail business to drive RIL Q3; JioMart road map eyed

JPMorgan would focus on Reliance Industries' management's commentary on Jio Platforms, and Jio Mart rollout

Federal Bank third quarter profit declines 8% to Rs 404 crore

The fall was mainly due to higher provisioning for bad loans

Gateway Distriparks surges 15% post Q3 results; analysts see more upside

The stock is trading close to its 52-week high level of Rs 138, scaled on January 29, 2020