Corporate News
Tata Motors' Q3 Profit After Tax Soars to Rs 7,145.43 Crore
P.B. Balaji, Group Chief Financial Officer of Tata Motors, expressed satisfaction with the consistent execution of differentiated strategies by their businesses, leading to a strong set of results for six consecutive quarters. He stated, "We aim to end the year on a strong footing and remain confident of sustaining our performance in the coming quarters and delivering on our de-leveraging plans."
Indian Oil Records Significant Surge in Net Profit, Reaching Rs 8,063 Crore in Q3
The oil marketing giant's revenue from operations for Q3 2023-24 amounted to Rs 2,23,012 crore, slightly lower than the Rs 2,28,168 crore recorded in the same quarter of the previous financial year.
L&T Achieves a 15% Surge in Q3 Net Profit, Reaching Rs 2,947 Crore
The company disclosed consolidated revenues of Rs 55,128 crore for the third quarter, marking a substantial 19% rise over the same quarter in the preceding year. This growth was attributed to the heightened execution of the robust order book within the Projects and Manufacturing portfolio.
Dr. Reddy’s Reports Strong Q3 Performance with a 10.6% Rise in Net Profit at Rs 1,379 Crore
GV Prasad, Co-Chairman and MD of Dr Reddy's Laboratories, expressed satisfaction with the quarter's performance, citing the company's delivery of its highest-ever sales and robust financial results. He credited the success to the performance of new products, market share gains in the US, momentum in new product launches, and strong performance in Europe.
ITC Reports Q3 Gross Revenue of Rs 17,483 Crore, Reflecting 2.1% Year-on-Year Growth
Earnings per share for the quarter were Rs 4.47 (compared to Rs 4.06 in the previous year).
Bajaj Finance Reports Q3 Net Profit Soars to Rs 3,177.39 Crore
The increase in profit can be attributed to an overall growth in the company’s revenue, which includes income from fees and commissions amounting to Rs 1,228.10 crore, showing an improvement from Rs 1,669.17 crore earned during the corresponding period of the previous year.
India's Economic Outlook: Finance Ministry Predicts 7% Growth for FY24
Recognizing the nuanced nature of economic growth, some economists argue that not all growth is created equal, and the Finance Ministry acknowledges the merit in this perspective. While achieving 8-9 percent growth when the global economy is expanding at 4 percent is one scenario, sustaining growth at or above 7 percent when the world economy is grappling with a 2 percent growth rate presents a qualitatively superior accomplishment.
Intel's Q4 Revenue Surges to $15.4 Billion, Profits Reach $2.66 Billion
Consumer chips played a pivotal role in Intel's success, witnessing an impressive 33 percent gain with $8.8 billion in revenue. The company highlighted "record performance notebook shipments in the quarter," indicating strong demand for its products. In terms of profitability, Intel recorded a substantial increase, with a Q4 profit of $2.66 billion, a notable improvement from the $796 million loss reported during the same period the previous year.
Ola's Indian Mobility Business Records Impressive Rs 250 Crore Profit in FY23
Ola introduced the Prime+ service, offering premium services with better partners, an enhanced in-ride experience, faster allocation, and no cancellations. The service has garnered over 16,000 partners across seven cities, with 1.9 million riders availing the Prime+ service.
PNB Reports Impressive Q3 Performance with Profit Soaring to Rs 2,223 Crore
The government-owned bank witnessed a substantial growth in total income, reaching Rs 29,962 crore during the quarter, as opposed to Rs 25,722 crore in the corresponding period last year.
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