february futures contract smelly Trading at 50 on the Singapore Exchange indicates a negative opening for domestic equities. The contract was trading at 17,905, down 22.5 points or 0.13% from its previous close.
Eicher Motors: The two-wheeler major reported a 62.4 per cent year-on-year (YoY) jump in profit for the December quarter (Q3FY23), helped by higher motorcycle sales. Sales of Royal Enfield, which generates most of Eicher’s revenue, grew 31 per cent to 2.1 lakh units.
Siemens: The company reported an 85 per cent rise in consolidated net profit to Rs 462.7 crore in the third quarter of FY23. The company’s net profit in the year-ago period stood at Rs 250 crore. Total income, meanwhile, increased from Rs 3,480.9 crore in Q3FY22 to Rs 4,116.8 crore in Q3FY23.
Vodafone Idea: Telecom major’s net loss widened by 10.5 per cent YoY to Rs 7,990 crore in Q3FY23 due to increase in operating expenses and finance cost. Net loss widened by 5.2 per cent on a sequential basis. However, gross revenue grew by 9.2 per cent to Rs 10,620 crore during the quarter.
ONGC: State-run firm’s net profit rose 6 per cent YoY to Rs 11,045 crore in Q3FY23, on account of higher gas prices under the administered price mechanism (APM). Gross revenue, too, grew by 35.5 per cent to Rs 38,584 crore from Rs 28,474 crore in Q3FY23.
Apollo Hospitals: The company reported a 33 per cent decline in consolidated net profit at Rs 153 crore in Q3FY23 as compared to Rs 228 crore in Q3FY22. On the other hand, revenue grew 19 per cent YoY to Rs 4,264 crore in Q3FY23, as against Rs 3,639 crore in the year-ago period. Besides this, the company declared an interim dividend of Rs 6 per share.
Torrent Power: The company reported 88 per cent growth in its consolidated net profit at Rs 694.54 crore in Q3FY23, on the back of higher income. Meanwhile, total income rose to Rs 6,526.44 crore in the December quarter from Rs 3,833.14 crore in the year-ago period.
Bharat Forge: auto The component major reported 81.35 per cent YoY decline in consolidated net profit to Rs 78.72 crore in Q3FY23 from Rs 422 crore in Q3FY22. Besides, total expenses stood at Rs 3,178.9 crore, as against Rs 2,093.39 crore in the year-ago quarter.
NMDC: The state-owned firm’s consolidated net profit for Q3FY23 rose to over Rs 903.89 crore mainly due to lower income. The mining major’s net income also took a hit as it declined to Rs 3,924.75 crore from Rs 6,026.68 crore in the year-ago quarter.
Bata: The footwear maker reported a 15 per cent rise in consolidated net profit at Rs 83.19 crore in Q3FY23 as against Rs 72.32 crore in the same period last fiscal. Consolidated revenue from operations also increased to Rs 900.21 crore, as against Rs 841.3 crore in the year-ago period.
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