The fourth week of January 2022 between 23–30th Jan, showed the quarterly results of many big Indian corporates like Marico, Kotak Mahindra Bank, Britannia, Vedanta, L&T, and more. Here is the weekly wrap-up of the Q3 corporate result announcements.
Marico Q3 Results: Net profit rises 1.63%; Revenue jumps 13.4%
FMCG firm Marico Ltd on Friday reported a marginal increase of 1.6 per cent in its consolidated net profit to Rs 317 crore for the third quarter ended December 2021.
The company had posted a net profit of Rs 312 crore in the corresponding quarter a year ago, Marico said in a BSE filing.
Its revenue from operations during October-December 2021 jumped 13.43 per cent to Rs 2,407 crore, compared with Rs 2,122 crore in the year-ago period.
Britannia Industries Q3 Profit falls 18% to Rs 369.18 crore
Leading food company Britannia Industries Ltd on Friday reported a decline of 18.4 per cent in consolidated net profit at Rs 369.18 crore for the third quarter ended December 2021, impacted by rise in prices of raw material inputs.
The company had posted a net profit of Rs 452.64 crore in the October-December quarter a year ago, Britannia Industries said in a BSE filing.
However, its total revenue from operations was up 12.93 per cent to Rs 3,574.98 crore during the quarter under review. In the year-ago period, the same stood at Rs 3,165.61 crore.
Kotak Mahindra Bank Q3 Results: Standalone net profit rises 31%
Private sector lender Kotak Mahindra Bank on Friday reported a 30.79 per cent jump in its consolidated December quarter net profit at Rs 3,402.74 crore, helped by an all-round performance across subsidiaries.
On a standalone basis, the city-based lender posted a 15 per cent rise in post tax net profit at Rs 2,131.36 crore, with a rise in operating expenses restricting the growth.
The bank’s core net interest income rose 11.81 per cent to Rs 4,334 crore, on an 18 per cent jump in advances and a 0.26 per cent expansion in the net interest margin to 4.62 per cent.
Vedanta Q3 Results: Consolidated net profit rises 26%
Vedanta Ltd on Friday reported a 26.2% rise in consolidated net profit at Rs 4,164 crore for the quarter ended December 31, 2021.
The company had posted consolidated net profit of Rs 3,299 crore in the year-ago period, Vedanta Ltd said in a filing to BSE.
The consolidated income of the company during the October-December period increased to Rs 34,674 crore over Rs 23,621 crore earlier, the filing said.
Larsen and Toubro Q3 Results: Consolidated net profit declines 17%
Larsen and Toubro (L&T) on Friday reported a 16.7 per cent decline in consolidated net profit at Rs 2,054.74 crore for the quarter ended December 2021, mainly due to one-off gains in the year-ago period.
The engineering major had posted consolidated net profit of Rs 2,466.71 crore in the same quarter of the previous fiscal, L&T said in a filing to BSE.
“The consolidated net profit after tax for the quarter ended December 31, 2021 at Rs 2,055 crore, registered a decline of 17 per cent over the corresponding quarter of the previous year, which had an instance of a sale of commercial property in realty business and gain on divestment from discontinued operations of the electrical and automation business,” the company said in a statement.
United Breweries Q3 Results: Consolidated net profit down 28%
United Breweries Ltd, majorly owned by Dutch multinational brewing company Heineken NV, on Friday reported 28.4% decline in consolidated net profit at Rs 91.02 crore for December quarter 2021–22 on account of inflationary pressures.
The company had posted a net profit of Rs 127.19 crore in the year-ago period, United Breweries Ltd (UBL) said in a regulatory filing.
However, revenue from operations was higher at Rs 3,511.85 crore during the quarter under review as against Rs 3,065.89 crore in the same period a year ago.
IndusInd Bank Q3 Results: Net Profit jumps 50% at Rs 1,241 Cr
IndusInd Bank on Saturday reported a 50 per cent jump in its consolidated net profit at Rs 1,241.55 crore in the quarter ended December 2021.
The bank had posted a net profit of Rs 830.41 crore in the same period a year ago.
Total income of the bank during the October-December period of 2021–22 rose to Rs 9,614.34 crore as against Rs 8,887.28 crore, IndusInd Bank said in a regulatory filing.
IDFC First Bank Q3 Results: Net profit more than doubles to Rs 281 cr
IDFC First Bank on Saturday reported more than two-fold increase in net profit to Rs 281 crore for the third quarter ended on December 31, 2021.
The private sector bank had reported a net profit of Rs 130 crore for the October-December period of 2020–21.
Total income during the quarter increased to Rs 5,197.79 crore from Rs 4,711.72 crore in the same period of the previous fiscal, IDFC First Bank said in a regulatory filing.
Cigarette maker Godfrey Phillips India Q3 Results: Net profit down 5%
Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 5 per cent decline in its consolidated net profit to Rs 116.87 crore for the third quarter ended in December 2021.
The company had posted a net profit of Rs 123.10 crore during the October-December quarter of the previous fiscal, Godfrey Phillips India said in a regulatory filing.
Its revenue from operations was up 3.14 per cent to Rs 867.23 crore during the quarter under review as against Rs 840.82 crore in the corresponding period of the previous fiscal.
NTPC Q3 Results: Consolidated net profit rises 19% to Rs 4,626 cr
State-run power giant NTPC on Saturday posted more than 19% rise in its consolidated net profit to Rs 4,626.11 crore in the December quarter compared to the year-ago period mainly driven by higher revenues.
The company had reported a consolidated net profit of Rs 3,876.36 crore in the quarter ended on December 31, 2020, according to a BSE filing.
Total income of the company rose to Rs 33,783.62 crore in the quarter from Rs 28,387.27 crore in the same period a year ago.
Karnataka Bank Q3 Results: Net profit rises 8% to Rs 146 cr
Private sector Karnataka Bank on Friday reported an 8 per cent rise in net profit at Rs 146.42 crore for the quarter ended December 2021 on the back of a fall in provisions for bad loans and contingencies.
The bank had posted a net profit of Rs 135.37 crore in the same quarter a year ago.
Total income during the October-December period of 2021–22 was down at Rs 1,761.55 crore from Rs 1,878.74 crore in same quarter of 2020–21, Karanataka Bank said in a regulatory filing.
Happiest Minds Technologies Q3 Net profit jumps 16.1% to Rs 48.92 cr
IT firm Happiest Minds Technologies Ltd on Friday reported a 16.1 per cent jump in consolidated net profit to Rs 48.92 crore for the December 2021 quarter.
The company had posted a net profit of Rs 42.15 crore in the year-ago period.
Its revenue during October-December 2021 grew 47.2 per cent to Rs 283.94 crore as compared with Rs 192.84 crore in the year-ago period, a regulatory filing said.
Suzlon Energy posts Net profit of Rs 37 cr in Dec Quarter
Suzlon Energy has posted a consolidated net profit of Rs 37.73 crore in the December 2021 quarter mainly on account of higher revenues.
The company had reported a consolidated net loss of Rs 118.06 crore in the same quarter of the previous fiscal, according to a BSE filing released on Friday night.
Its total income rose to Rs 1,615.06 crore in the reported quarter from Rs 959.52 crore in the same period a year ago.
