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 Friday (February 9), garnering significant attention from Dalal Street. Investors are particularly keen on the performance of major players such as Honasa Consumer, Godrej Industries, Bandhan Bank, Emami, Pfizer, Zydus Lifesciences, Alkem Laboratories, Sapphire Foods India, Reliance Infrastructure, Shalimar Paints, and Finolex Cables.
Hero MotoCorp has reported its financial performance Q3 FY2024. The company reported revenue of Rs 9,724 crore, up 21 per cent YoY. The net profit came at Rs 1,073 crore, posting an uptick of 51 per cent versus Rs 711 crore for the same period last year. It states the performance was aided by commodity cost, leap savings, premiumisation and judicious price changes. Hero MotoCorp states that its focus on Parts Accessories & Merchandise (PAM) business has led to the business crossing annualised revenue of Rs 5,000 crore. To support growth in this business, the company has planned for an expansion of its capacity with an outlay of Rs 600 crore.
Dish TV India reported a consolidated net loss at Rs 2.83 crore in the third quarter ended December 23, 2023 as against a net loss of Rs 2.85 crore in the same quarter last fiscal. Consolidated revenue from operations during the quarter under review stood at Rs 470.27 crore. Dish TV India said it continued to gain incremental subscriber market share during the third quarter. However, due to subscribers shifting between platforms churn rates remained high thus resulting in overall negative net additions during the quarter, it added.
Inox Wind posted a consolidated net profit of Rs 1.81 crore in the December 2023 quarter on the back of higher revenues. The company had posted a loss of Rs 287.86 crore in the October-December quarter a year ago. The company’s total income rose to Rs 506.88 crore in the reporting quarter from Rs 237.68 crore in the year-ago period. The company EBITDA was at Rs 99.5 crore in the quarter. The company’s order book stood at 2.6 GW, it said.
Tata Power posted a marginal increase of 2 per cent in its consolidated net profit at Rs 1076 crore in December 2023 quarter. Its consolidated net profit was Rs 1052 crore in the quarter ended on December 31, 2022. Total revenues also rose to Rs 14,841 crore in the quarter from Rs 14,339 crore in the same period a year ago. Praveer Sinha, CEO and Managing Director, Tata Power, said, “Our core businesses continue to perform well and have helped the company clock its 17th consecutive PAT (profit after tax or net profit) growth quarter. Our consistent performance shows strong fundamentals of excellence in operational performance and project execution capability.”
Honasa Consumer Ltd, the parent company of skincare brand Mamaearth, posted its third quarter profit for the financial year 2023-24 at Rs 25.90 crore, up 263.3 per cent in comparison to Rs 7.13 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 488.22 crore, up 27.8 per cent as against Rs 382.16 crore during the third quarter of FY23. The company reported EBITDA margin at 7.1 per cent, up 397 bps on-year.
Bandhan Bank on Friday posted its third quarter profit for the financial year 2023-24 at Rs 732.72 crore, up 152.2 per cent in comparison to Rs 290.57 crore during the same quarter last year. It posted total income at Rs 5210.60 crore, up 7.6 per cent as against Rs 4840.94 in the corresponding quarter of previous year. The Net Interest Income (NII) recorded a growth of 21 per cent on-year to Rs 2525 crore in Q3FY24 vs Rs 2081 crore in Q3FY23. Total deposits, it said, stood at Rs 1.17 lakh crore, up 14.8 per cent YoY, better than the industry average growth.
Easy Trip Planners Limited, parent of online travel tour operator easemytrip.com, on Friday reported its third quarter profit for the financial year 2023-24 at Rs 45.68 crore, up 9.6 per cent in comparison to Rs 41.69 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 160.79 crore, up 18.1 per cent as against Rs 136.15 crore during the third quarter of FY23. The company reported the total number of air bookings (net of cancellations) in Q3FY24 at 22.6 lakh. Similarly, hotel night bookings and the other bookings were 91,915 and 2.7 lakh, respectively.
Pfizer reported its third quarter profit for the financial year 2023-24 at Rs 129.98 crore, down 13.7 per cent in comparison to Rs 150.66 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 539.97 crore, down 13.2 per cent as against Rs 621.75 crore during the third quarter of FY23. The company EBITDA was down 24.9 per cent at Rs 153.4 crore.
Suryoday Small Finance Bank’s net profit jumped four-fold to Rs 57 crore, reporting a growth of 284 per cent. While the net interest income stood at Rs 245.7 crore as compared to Rs 183.4 crore, up 33.9 per cent year-on-year, net total income stood at Rs 297.6 crore, up 42.3 per cent as compared to Rs 209.1 crores the previous year. Baskar Babu, MD & CEO, Suryoday Small Finance Bank, said, "Our performance in the first nine months of FY24 highlights our commitment of consistent growth and improved profitability. Gross Advances witnessed a 40.5 per cent to Rs 7,600 crore in 9M FY24 against the corresponding period last year. The growth is led by an overall performance demonstrated by the bank coupled with sustained momentum in the microfinance sector. Vikas Loan product continues to gain traction with AUM crossing Rs 2,000 crore. The disbursement for the bank increased from Rs 3,396 crore in 9M FY23 to Rs 4,580 crore in 9M FY24: a growth of 34.9 per cent on a YoY basis. The disbursement growth is led by all products especially Vikas Loan which grew 97 per cent YoY.”
Sapphire Foods announced its third quarter results for the financial year 2023-24 with profit at Rs 9.83 crore, down 69.9 per cent in comparison to Rs 32.70 crore during the third quarter of FY23. The company that operates KFC and Pizza Hut restaurants in India and Sri Lanka, posted revenue from operations at Rs 665.56 crore, up 11.6 per cent as against Rs 596.13 crore during the corresponding quarter of last year. During the third quarter, the company said that it added 36 restaurants, which included 25 KFC, 8 Pizza Hut in India and 3 Pizza Hut in Sri Lanka, taking the total restaurant count to 850.
Zydus Lifesciences Limited reported its third quarter earnings for the financial year 2023-24 with profit at Rs 789.60 crore, up 26.8 per cent in comparison to Rs 622.90 crore during the third quarter of FY23. It posted revenue from operations at Rs 4505.20 crore, up 5.8 per cent as against Rs 4257.10 crore during the corresponding quarter of previous year. The company EBITDA stood at Rs 1102 crore, up 15 per cent on-year.