Page 5 - Q3 Results

Bharat Forge reports consolidated net profit of Rs 422 cr in Dec quarter

Auto components major Bharat Forge Ltd on Thursday reported a consolidated net profit of Rs 422 crore in the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 210.45 crore in the same quarter last fiscal, Bharat Forge Ltd said in a regulatory filing. Consolidated revenue from operations for the period under review stood at Rs 2,394.69 crore as compared to Rs 1,723.11 crore in the year-ago quarter, it added. Total expenses were higher at Rs 2,093.39 crore as against Rs 1,633.88 crore, it added. Bharat Forge Chairman & Managing Director BN Kalyani said the Q3 FY22 performance was on expected lines. "Total sales were flat as compared to the previous quarter with exports revenues declining by around 10 per cent while the domestic revenues grew by 16.5 per cent," he said. The drop in exports revenues were primarily on account of curtailment of production of Class 8 (heavy duty) trucks due to semiconductor chip shortage, Kalyani said. On the .

Sundram Fasteners posts 24% dip in Q3 net profit, revenue up 9%

The company board at its meeting held on Thursday declared an interim dividend of Rs 6.45 per share for the financial year ending March 31, 2022

Strides Pharma records net loss of Rs 122 cr in Q3, revenue drops 5%

Company expects growth momentum in the US to pick up in coming quarters driven by new product launches

MRF Q3 net dips 71% to Rs 149 cr, revenue up 6% to Rs 4,920 cr

Firm approves second interim dividend of Rs 3 per equity share

Piramal Enterprises Q3 profit rises 11% to Rs 888 crore

The company had posted a net profit of Rs 799 crore for the same period last fiscal year

Hindalco PAT jumps 96% in December quarter, stands at Rs 3,675 crore

The company said that it reported its highest net profit in Q3 FY22, surpassing all previous quarterly performances

Mahindra's Q3 net rises over two-fold on strong operational performance

M&M's tractor volumes during the quarter declined to 91,769 units over 100,696 units in the same period a year ago

Zomato net loss narrows 81% to Rs 66 cr in Q3, revenue grows 86%

The firm will invest $400 mn in quick commerce over next two years

Quess Corp's consolidated PAT doubles to Rs 89 cr in December quarter

Business services provider Quess Corp on Thursday reported a 93.47 per cent jump in consolidated profit after tax (PAT) to Rs 89 crore for the quarter ending December 31, 2021.

IRB Infra Developers' net profit rises 4.6% to Rs 72.7 cr in Dec quarter

IRB Infrastructure Developers Ltd reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021.

Trent's net profit zooms 79% to Rs 199 crore in December quarter

Tata Group's retail arm Trent, headed by Noel Tata, reported a 79 per cent jump in standalone net profit to Rs 199 crore for the December 2021 quarter.

Manali Petrochemicals reports consolidated Q3 PAT at Rs 110.09 crore

: Petrochemical manufacturing company Manali Petrochemicals Ltd has reported consolidated profit after tax for the quarter ending December 31, 2021 at Rs 110.09 crore, the company said on Thursday. The city-based company and part of AM International, Singapore, had registered consolidated net at Rs 86 crore during corresponding quarter previous year. Revenues during the quarter under review on a consolidated basis, stood at Rs 494.16 crore as compared to Rs 356 crore registered same period last fiscal. The research and development led approach along with customer focus, was the prime reason for the sustained performance of Manali Petrochemicals Ltd in a challenging market conditions, company chairman Ashwin Muthiah said. "The results show that the company has strengthened its market leadership and bettered its financial performance even during tough times. I commend the team for its tireless efforts to grow its market leadership despite natural vagaries," he said. Manali ...

Sundram Fasteners reports Q3 consolidated net profit at Rs 110 crore

: Sundram Fasteners Ltd, engaged in manufacturing of auto components reported a consolidated profit for the quarter ending December 31, 2021 at Rs 110 crore, the company said on Thursday.

Mindspace REIT Q3 net operating income rises 4% to Rs 371.5 crore

Mindspace Business Parks REIT reported a 4 per cent increase in its net operating income to Rs 371.5 crore and declared distribution of Rs 275.2 crore for its unitholders for quarter ended in December

Gulf Oil's profit after tax falls 8% to Rs 58.6 crore in December quarter

Lubes maker Gulf Oil on Thursday reported an eight per cent drop in profit after tax (PAT) to Rs 58.63 crore for the December 2021 quarter.

Diagnostics chain Dr Lal PathLabs posts Rs 58 crore profit for Dec quarter

Diagnostics chain Dr Lal PathLabs Ltd on Thursday reported a consolidated net profit of Rs 58.2 crore in the third quarter ended in December 2021. The company had posted a consolidated net profit of Rs 95.9 crore in the same quarter last fiscal, Dr Lal PathLabs said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 496.9 crore. It was at Rs 452.4 crore in the year-ago period, it added. The results include that of Suburban Diagnostics with effect from November 12, 2021, and hence is not strictly comparable with previous year, the company said. Covid and allied contributed 11.8 per cent to revenue in Q3 FY22 with 5.8 lakh RTPCR tests, it added. Total expenses during the third quarter were at Rs 427.5 crore, up from Rs 337 crore in the year-ago quarter, Dr Lal PathLabs said.

Tata Chemicals' consolidated PAT jumps 69.4% to Rs 340 cr in Dec quarter

Tata Chemicals on Thursday reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company's PAT had stood at Rs 200.72 crore during the corresponding quarter last year, Tata Chemicals said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period. The firm's consolidated gross debt stood at Rs 6,937 crore, compared with Rs 7,108 crore as on September 30, 2021. Tata Chemicals Managing Director and CEO R Mukundan said, "With the re-opening of businesses in all markets, the overall demand environment continues to be positive." He added that while this positive demand momentum is expected to continue, the input supply-side environment especially energy costs remains high compared to historical levels, and supply chain challenges continue to be seen in the market. The company continues wi

Amara Raja Batteries Q3 consolidated net profit dips 25% to Rs 145 crore

Amara Raja Batteries on Thursday said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 193.69 crore in the corresponding quarter of the previous fiscal. Its revenue from operations, however, rose to Rs 2,365.87 crore in the period under review as against Rs 1,960.43 crore in the December quarter of last fiscal, Amara Raja Batteries said in a regulatory filing.

Reliance Power reports Rs 13.93 crore loss in December quarter

Total income dipped to Rs 1,858.93 crore in the quarter, from Rs 2,006.66 crore in the same period a year ago

Nykaa shares down nearly 8% as net profit declines 57% in December quarter

On Wednesday, the firm reported about a 57 per cent decline in consolidated profit after tax (PAT) to Rs 29 crore in the third quarter ended December 31, 2021