Reliance Industries | Oil & Gas business delivers record EBITDA margin for the December quarter. Jio revenue up 10.3% year-on-year with ARPU at ₹181.7. Retail revenue crossed ₹80,000 crore mark. Planned maintenance shutdowns impacted oil to chemical (O2C) business. You can read more about the earnings and market commentary here.
HUL | Revenue declines marginally with volume growth of 2% year-on-year. EBITDA flat despite 400 basis points improvement in gross margin. Home care and beauty & personal case business decline 1% each. Management said operating environment is challenging and the company is navigating short-term challenges.
Tata Steel | Up to 2,800 jobs will be impacted as the company undertakes restructuring of its UK business. Port Talbot's two high-emission blast furnaces and coke ovens to be closed in a phased manner. The first one will close in mid-2024 and the remaining heavy-end assets by the second half. The company has proposed to commit £130 million for the affected employees.
RBL Bank | Private sector lender on Friday reported a net profit of ₹233 crore for the third quarter ended December 2023, mainly on the back of a rise in net interest income (NII). It is higher by 11% as compared to ₹208.97 crore in the same quarter last year. NII grew 21% year-on-year and 5% quarter-on-quarter to ₹1,546 crore.
Paytm | Net loss narrows to ₹221.8 crore from ₹392.1 crore year-on-year and a loss of ₹291.7 crore in the September quarter. EBITDA at ₹219 crore from ₹31 crore last year and Vs ₹153 crore sequentially. Value of loans disbursed declined 4.3% quarter-on-quarter.
Zee | Media major on Friday said the company was "not aware of, and cannot comment on" any board meeting held or proposed to be held by Culver Max Entertainment, given that these are internal matters of Sony. In a regulatory filing, ZEEL said it is continuing to work towards a successful closure of its $10 billion merger with Culver Max Entertainment.
CESC | Q3 net profit down 11.9% to ₹281 crore, while revenue grows 3.7% from last year to ₹3,244 crore. EBITDA down 30.2%, margin narrows by over 500 basis points to 10.7% from 15.9%.
CreditAccess Grameen | Microfinance firm on Friday reported a 63.8% year-on-year jump in net profit at ₹353.4 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, CreditAccess Grameen posted a net profit of ₹215.8 crore. The company's revenue increased 43.3% to ₹850.7 crore against ₹593.5 crore in the corresponding period of the preceding fiscal.
DCX Systems | Announces closure of QIP post which it raised ₹500 crore. Approves allotment of 1.46 crore equity shares at an issue price of ₹341 per share, which is a 4.8% discount to the floor price of ₹358.3 per share.BoFA Securities Europe, HDFC MF, Bandhan MF Schemes are some of the funds allotted shares in the QIP.
Fortis Healthcare | Subsidiary Agilus Diagnostics gets notice from the anti-corruption branch of the Delhi government. Notice with regards to alleged anomalies in diagnostics test at Mohalla clinics. Agilus rendered services worth ₹20.4 crore till December 2023, which is less than 2% of its revenue.