Q3 Results Today: With the majority of Indian companies across industries already posted their third quarter earnings, excitement mounts on which sectors performed better and what’s the outlook for the next quarter. Many companies are slated to announce their quarterly financials on Tuesday (February 13), garnering significant attention from Dalal Street. Investors are particularly keen on the performance of major players such as BHEL, Borosil, Siemens, Eicher Motors, Hindalco, HCL, IRCTC, Info Edge India, Nuvama Wealth Management, and Hindustan Copper.
Bosch Limited reported its third quarter earnings for the financial year 2023-24 with a profit of Rs 518 crore, up 62.4 per cent in comparison to Rs 318.90 crore during the same period last year. It posted revenue from operations at Rs 4205.20 crore, up 14.9 per cent as against Rs 3659.90 crore during the corresponding quarter of previous year. The company EBITDA stood at Rs 578.4 crore, up 43.3 per cent on-year. The company board also declared an interim dividend of Rs 205 per share for the financial year 2023-24 on 29,493,640 equity shares of Rs 10 each.
Tilaknagar Industries Limited reported a 78.3 per cent jump in net profit at Rs 43.8 crore in the quarter ended December 2023. The company had recorded a PAT of Rs 24.6 crore in the same period a year ago. Maker of the ‘Mansion House’ brand, Tilaknagar Industries registered a 24 per cent rise in net revenue at Rs 377 crore during Q3FY24 as against Rs 303 crore in the corresponding quarter a year ago. Amit Dahanukar, Chairman and Managing Director, Tilaknagar Industries, said, “Inflationary pressures are prevalent in the industry as a whole, especially on the raw material front. Notwithstanding that, we have been able to expand our margins due to a sustained premiumization trend and other cost optimization initiatives. In the nine-month period ended December 2023, our EBITDA margin expanded to 13.3 per cent, in comparison to 11.6 per cent in the same period of FY23.”
Pharmaceutical company Eris Lifesciences reported its third quarter earnings for the financial year 2023-24 with profit at Rs 102.74 crore, marginally up from Rs 101.86 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 486.30 crore, up 14.9 per cent as against Rs 423.26 crore during the third quarter of FY23. While the total income reported by the company during Q3FY24 was at Rs 490.49 crore, the total expenses incurred during the quarter in review was at Rs 374.62 crore.
Info Edge India Limited recorded its fiscal third quarter profit at Rs 151.09 crore against a loss of Rs 116.53 crore during the third quarter of FY23. It posted revenue from operations at Rs 627.12 crore, up 6.4 per cent in comparison to Rs 589.52 crore during the corresponding quarter of previous year. Despite the ongoing sluggishness in the IT sector hiring, the revenues from the recruitment business grew 3.1 per cent year-on-year, the company said.
Bharat Heavy Electricals Limited (BHEL) reported its third quarter earnings for the financial year 2023-24 with a loss of Rs 148.77 crore as against a profit of Rs 42.28 crore during the same period last year. It posted revenue from operations at Rs 5503.81 crore, up 4.6 per cent in comparison to Rs 5263.38 crore during the corresponding quarter of previous year. The company EBITDA loss stood at Rs 62 crore.
Siemens Ltd reported its fiscal third quarter profit at Rs 505.40 crore, up 9.2 per cent in comparison to Rs 462.70 crore during the corresponding quarter of previous year, surpassing estimates. It posted revenue from operations at Rs 4825.20 crore, up 20.2 per cent as against Rs 4015.10 crore during the third quarter of FY23. The company EBITDA stood at Rs 596 crore. The company said that it has received new orders of Rs 5,971 crore, reporting a 10 per cent increase over the same period last year.
Hindalco Industries Limited, the Aditya Birla Group metals flagship, reported fiscal third quarter profit for the financial year 2023-24 at Rs 2,331 crore, up 71.1 per cent in comparison to Rs 1,363 crore during the corresponding quarter of previous year, surpassing estimates. The profit growth was driven by a robust performance across aluminium and copper business segments. It posted revenue from operations at Rs 52,808 crore, registering a marginal fall from Q3FY23 revenue of Rs 53,151 crore. The company EBITDA stood at Rs 6,322 crore, up 61 per cent on-year.
KIOCL Ltd posted its fiscal third quarter profit at Rs 39.03 crore against a loss of Rs 33.88 crore during the same period last year. It posted revenue from operations at Rs 549.48 crore, up 90.9 per cent in comparison to Rs 287.89 crore during the third quarter of FY23. The company EBITDA stood at Rs 36.2 crore. The company board also approved the appointment of Saumen Das Gupta as the Chief Financial Officer (CFO), Key Managerial Personnel of the Company with immediate effect.