Corporate News
HPCL Records Rs 529 Crore Net Profit in October-December Quarter
While the Q3 net profit showcases significant growth, it is essential to note that it stands nearly 90 percent lower than the impressive figure of Rs 5,118 crore reported by the oil major for the preceding July-September quarter of the current financial year.
Tata Steel Shows Resilience, Returns to Profit in Q3 Despite Challenges in European Operations
Notably, Tata Steel had reported a substantial net loss of Rs 6,511.16 crore in the July-September quarter, primarily due to impairment charges.
Tech Mahindra's Q3 Net Profit Plummets to Rs 485.9 Crore
The net profit for the quarter was Rs 485.9 crore, a notable drop from Rs 1,204.4 crore in the corresponding period.
MakeMyTrip Reports Impressive Q3 EBITDA, Surging Over Two-Fold to USD 29.4 Million
In constant currency, gross bookings witnessed a substantial growth of 21.7%, reaching USD 2,088.3 million for the October-December period, compared to USD 1,738.2 million in the same quarter the previous year. Following the International Financial Reporting Standards (IFRS), the revenue exhibited a notable increase of 26.9% year-on-year in constant currency, escalating to USD 214.2 million in the third quarter of the ongoing fiscal year, up from USD 170.5 million a year ago.
IDBI Bank Reports Higher Q3 Profit After Tax at Rs 1,458.18 Crore
This surge in profit can be attributed to a comprehensive boost in the bank's revenue streams. Notably, during the quarter under review, IDBI Bank experienced a reduction in provisions, which amounted to Rs. 319.85 crore as opposed to Rs. 784.28 crore in the comparable period.
Central Bank of India Records Q3 Profit of Rs. 717.86 Crore
The significant increase in profit was primarily attributed to the sharp spike in the bank's other income for the quarter under review, reaching Rs 1,329.72 crore compared to Rs 919.16 crore.
Hindustan Unilever Reports Lower Sales, Records Marginal Growth in PAT at Rs 2,519 Crore
During this quarter, HUL's other income rose to Rs 285 crore from Rs 228 crore, and other operating revenue stood at Rs 260 crore compared to Rs 242 crore.
Byju's-Owned Aakash Records 82% Profit Surge, Surpasses Rs 1,400 Crore Revenue in FY22
This positive momentum marks a substantial improvement for the company, which reported a profit of Rs 43.6 crore in the previous fiscal year, as per Entrackr's report.
Rapido Reports Rs 675 Crore in Losses for FY23 Despite Tripled Revenue
According to reports from Entrackr, incentives and charges paid to riders constituted 44 percent of the total expenditure, amounting to Rs 517 crore in FY23, a significant rise from Rs 214 crore in FY22.
Wipro ADR Surges 17% Following Strong Quarterly Results
Despite a marginal 1.4% quarter-on-quarter (QoQ) decrease, Wipro reported gross revenue of Rs 222.1 billion. The IT services segment revenue stood at $2,656.1 million, reflecting a 2.1% QoQ decline. Non-GAAP constant currency IT services segment revenue experienced a 1.7% QoQ decrease.
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