IndusInd Bank | The private sector lender reported around a 17.3% rise in net profit to reach ₹2,297.9 crore for the October–December quarter, compared to ₹1,959.2 crore in the same period last year. The lender's Net Interest Income (NII) registered growth of 17.8% year-on-year to reach ₹5,295.7 crore.
Finolex Industries | PVC pipes and fittings manufacturer on reported a 20% year-on-year (YoY) rise in net profit at ₹95.4 crore for the third quarter that ended December 31, 2023. The company's revenue from operations increased 9.3% to ₹1,019.7 crore as against ₹1,124.8 crore in the corresponding period of the preceding fiscal.
Polycab | Electrical equipment manufacturer on reported a 15.7% year-on-year rise in net profit at ₹416.5 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Polycab India posted a net profit of ₹361 crore, the company said in a regulatory filing.
Metro Brands | Footwear retail chain reported a 12.7% year-on-year (YoY) decline in net profit at ₹97.8 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Metro Brands posted a net profit of ₹112 crore. The company's revenue from operations increased 6.1% to ₹635.5 crore as against ₹598.7 crore in the corresponding period of the preceding fiscal.
Poonawalla Fincorp | Adar Poonawalla-controlled NBFC on posted its highest-ever quarterly profit at ₹265.1 crore during the third quarter of the financial year 2023-24. Profit was up 76.3% over the corresponding period in the past financial year, In the corresponding quarter last year, Poonawalla Fincorp posted a net profit of ₹150.4 crore.
Shalby | Multi-speciality hospital chain on said it will acquire an 87.26% stake in Sanar International Hospitals, Gurugram (PK Healthcare Private Ltd), for approximately ₹102 crore in equity stake. The hospital is located at Golf Course Road, Gurugram on a 1.27-acre plot taken on a long‐term lease.
Shoppers Stop | Retail chain on reported a 41.2% year-on-year dip in net profit at ₹36.7 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Shoppers Stop posted a net profit of ₹62.7 crore. The company's revenue from operations increased 8.8% to ₹1,237.5 crore as against ₹1,137.1 crore in the corresponding period of the preceding fiscal.
Supreme Petrochem | The company on said it has purchased 96.35 acres of land at Munak Village in Karnal District of Haryana. The new site will manufacture Polystyrene and expandable polystyrene and construction deviates. All projects shall be implemented in stages over a 36-48 month period post getting statutory clearances. The capital cost of these projects will be ₹800 crore.