Bajaj Auto | The automaker has reported a 37% year-on-year jump in net profit at ₹2,042 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 30.1% to ₹12,114 crore against ₹9,315 crore in the corresponding period of the preceding fiscal.
Tata Steel | The steelmaker reported a net profit of ₹522.1 crore for the third quarter that ended December 31, 2023. The company's revenue from operations dipped 3.1% to ₹55,311.9 crore against ₹57,083.6 crore in the corresponding period of the preceding fiscal. EBITDA jumped 54.7% to ₹6,263.6 crore in the third quarter of this fiscal over ₹4,048 crore in the corresponding period in the previous fiscal.
Mazagon Dock Shipbuilders | The Ministry of Defence has inked a contract worth ₹1,070.47 crore with a state-run shipbuilder. The agreement outlines the acquisition of 14 fast patrol vessels destined for service with the Indian Coast Guard. Under the agreement, these multi-role FPVs will be meticulously designed, developed, and manufactured by MDL in adherence to the buy (Indian-IDDM) category.
Tech Mahindra | IT services and consulting firm clocked a net profit of ₹510 crore for the December quarter, a decline of over 60% year-on-year from ₹1,296.6 crore in the corresponding quarter of last fiscal. Sequentially, the profit increased a mere 3% from ₹494 crore in the previous September quarter.
TVS Motor | The company reported a net profit of ₹593.4 crore for the quarter ended December 31, 2023. TVS Motor's net profit jumped more than 68% in the October-December quarter on a year-on-year basis. Its revenue came in at ₹8,245 crore in the third quarter of the current fiscal year, higher than the CNBC-TV18 poll estimate of ₹8,188 crore.
DLF | The company posted a 26.6% increase in consolidated net profit to ₹655.7 crore in the December quarter on higher income and fewer expenses. Its net profit stood at ₹517.9 crore in the year-ago period. The real estate major reported a 57% jump in its standalone net profit at ₹463.6 crore in the third quarter of this fiscal year.
Piramal Enterprises | The financial services arm of the Piramal Group said its wholly-owned subsidiary Piramal Alternatives Trust has entered into an agreement to acquire a 10.39% stake in Annapurna Finance Private Ltd for ₹300 crore. AFPL, established in 2009 and headquartered in Odisha, stands as a prominent non-banking financial company-micro finance institution.
Balkrishna Industries | Off-highway tyre major reported a 181.71% year-on-year jump in net profit at ₹305.4 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 5% to ₹2,274.4 crore as against ₹2,165.6 crore in the corresponding period of the preceding fiscal.
CONCOR | The state-owned company reported a 12.7% year-on-year rise in net profit at ₹330.6 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 10.3% to ₹2,210.6 crore against ₹2,004.5 crore in the corresponding period of the preceding fiscal.
Dalmia Bharat | The cement maker reported a 24.3% year-on-year jump in net profit at ₹266 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 7.3% to ₹3,600 crore against ₹3,355 crore in the corresponding period of the preceding fiscal.