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 Monday (February 12), garnering significant attention from Dalal Street. Investors are particularly keen on the performance of major players such as Coal India, Hindustan Aeronautics, Bharat Forge, Steel Authority of India, Phoenix Mills, Kirloskar Oil Engines, Allcargo Logistics, TCI Express, Hindware Home Innovation, and Skipper.
GlaxoSmithKline Pharmaceuticals, the Indian unit of the UK’s GSK , reported a 3 per cent fall in third-quarter profit, hurt by the government’s pricing cap on certain medicines.Consolidated profit before exceptional items and tax for the quarter was Rs 229 crore ($27.6 million), compared with Rs 236 crore a year earlier. GlaxoSmithKline, which derives most of its revenue from India, continued to grapple with challenges following the inclusion of its key products such as Ceftum antibiotic and T-Bact ointment in the country’s National List of Essential Medicines (NLEM) in September 2022, mandating sales below a government-set price ceiling.
Patel Engineering Limited reported its fiscal third quarter profit at Rs 68.59 crore, up 187.5 per cent in comparison to Rs 23.86 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 1061.01 crore, up 11.1 per cent as against Rs 954.63 crore during the third quarter of FY23. The company EBITDA stood at Rs 142.2 crore, up 1.5 per cent on-year. Rupen Patel, Chairman & Managing Director, Patel Engineering Limited, said, “Our adaptability and resilience are evident in our increased turnover of ~ Rs 3200 crore in the nine - month period, marking a 19.17 per cent growth as against the corresponding period in the last year. As we move forward, we remain earnest in our vision to deliver comprehensive solutions through our profound experience and technological prowess. We are confident that the forthcoming quarter and the coming years will sustain the company's upward trajectory through various projects, joint ventures and our commitment towards excellence, quality, performance and reliability.”
Skipper Ltd reported its fiscal third quarter profit at Rs 20.47 crore, recording a jump of 115.2 per cent on-year. It had posted a profit of Rs 9.51 crore during the same period last year. The company recorded revenue from operations at Rs 801.58 crore, up 80.2 per cent in comparison to Rs 444.85 crore during the third quarter of FY23. The EBITDA stood at Rs 77.1 crore, up 69.8 per cent on-year and the margin was at 9.6 per cent.
Samvardhana Motherson International Limited (SAMIL) posted its Q3FY24 profit at Rs 633.30 crore, up 26.5 per cent in comparison to Rs 500.73 crore during the third quarter of FY23. It posted revenue from operations at Rs 25,697.56 crore, up 26.8 per cent as against Rs 20,267.24 crore during the same period last year. The company EBITDA stood at Rs 2,369.7 crore, up 46.6 per cent on-year. Vivek Chaand Sehgal, Chairman, Motherson, said, “These results reflect the good performance of our business divisions. Reduction in net debt is important for us as we continue strengthening our financial position and pursuing strategic growth opportunities. We remain focused on delivering sustainable and profitable growth, creating long-term value for our shareholders, and positively impacting our customers, employees, and communities where we operate.”
Hindustan Aeronautics Ltd (HAL) reported its third quarter profit for the financial year 2023-24 at Rs 1261.40 crore, up 9.2 per cent as against Rs 1155.19 crore during the third quarter of FY23. It posted revenue from operations at Rs 6061.28 crore, up 7 per cent in comparison to Rs 5665.54 crore during the same period last year.
Sakthi Sugars Ltd recorded Q3FY24 loss of Rs 42.66 crore as against a profit of Rs 19.47 crore during the third quarter of FY23. It posted revenue from operations at Rs 150.88 crore, down 19 per cent in comparison to Rs 186.21 crore during the same period last year. The EBITDA loss was reported at Rs 17.9 crore vs EBITDA profit of Rs 2.4 crore during Q3FY23.
Force Motors recorded Q3FY24 profit at Rs 85.44 crore as against a loss of Rs 15.57 crore during the third quarter of FY23. It posted revenue from operations at Rs 1691.69 crore, up 29.7 per cent in comparison to Rs 1303.86 crore during the corresponding quarter of previous year. The company EBITDA stood at Rs 224.5 crore vs Rs 65.1 crore during Q3FY23.
NHPC Ltd reported its third quarter profit for the financial year 2023-24 at Rs 491.90 crore, down 26.8 per cent in comparison to Rs 671.67 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 2,055.50 crore, up 20.4 per cent as against Rs 2,582.76 crore during the quarter ended December 2022.
Bharat Forge Ltd posted its third quarter earnings for the financial year 2023-24 with profit at Rs 254.45 crore, up 223.2 per cent in comparison to Rs 78.72 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 3866.41 crore, up 15.3 per cent on-year. The company’s revenue during the third quarter of FY23 was at Rs 3353.36 crore.