Axis Bank | Private sector lender reported a 3.7% year-on-year rise in net profit at ₹6,071.1 crore for the third quarter that ended December 31, 2023. Net interest income (NII) grew 9.4%, coming at ₹12,532 crore against ₹11,459.3 crore in the corresponding quarter of FY23.
Pidilite Industries | The company posted a 66% jump in its consolidated net profit at ₹510.92 crore in the December 2023 quarter. Its revenue from operations grew 4.41% to ₹3,130 crore during the quarter under review as against ₹2,997.59 crore a year ago. The company's total income rose 5.47% to ₹3,166.97 crore in the third quarter of FY23.
Indus Towers | Telecom infrastructure major reported a consolidated net profit of ₹1,540.1 crore for the third quarter that ended December 31, 2023. The company's consolidated revenue from operations increased 6.4% to ₹7,199 crore as against ₹6,765 crore in the corresponding period of the preceding fiscal.
Havells | Homegrown consumer appliances major reported a 1.4% year-on-year rise in net profit at ₹287.9 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 6.8% to ₹4,400.6 crore as against ₹4,119 crore in the corresponding period of the preceding fiscal.
United Spirits | Diageo-controlled liquor maker reported a 63.5% year-on-year jump in net profit at ₹350.2 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 8% to ₹3,002 crore as against ₹2,778.7 crore in the corresponding period of the preceding fiscal.
Karnataka Bank | Private sector lender reported a 10% rise in net profit to ₹331 crore for the third quarter ended December 2023. The bank had earned a net profit of ₹301 crore in the October-December quarter of 2022. The total income increased to ₹2,439 crore in the third quarter of the current fiscal compared to ₹2,055 crore in the year-ago period.
Sona BLW | Auto parts maker reported a 24% year-on-year rise in net profit at ₹113.6 crore for the third quarter that ended December 31, 2023. The company's revenue from operations jumped 15.8% to ₹781.8 crore against ₹675.3 crore in the corresponding period of the preceding fiscal.
Cyient DLM | Electronic manufacturing services firm reported a 21.6% year-on-year rise in net profit at ₹6.2 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 10% to ₹321 crore against ₹291.8 crore in the corresponding quarter driven by the aerospace and defence segment.
JSW Energy | The company reported over 28% rise in its consolidated net profit to ₹231 crore in the December 2023 quarter on the back of higher revenues. During the quarter, the total revenue increased 13% year-on-year to ₹2,661 crore from ₹2,350 crore in Q3 FY23, driven by incremental contributions from the renewable portfolio and strong thermal performance.
Lupin | Pharma major received tentative approval from the United States Food and Drug Administration (USFDA) for rivaroxaban tablets on January 23. The medicine, which has been tentatively approved by the USFDA, serves as a generic equivalent to Xarelto Tablets by Janssen Pharmaceuticals, Inc.