Mphasis Q3 Revenue Rises, Bata Profit Falls — Earnings Wrap

Here are the major quarterly results announced after market hours on Thursday.

A Bata India Ltd.'s store stands inside a mall in Mumbai.(Photographer: Vijay Sartape/ NDTV Profit)

Mphasis Ltd. grew in a seasonally weak quarter for India's $250-billion IT services industry, even as its operational profitability reduced.

Revenue of the Bengaluru-based outsourcer rose 1.9% over the previous three months to Rs 3,337.9 crore in the quarter ended December, according to an exchange filing on Thursday. That compares with the Rs 3,429.3-crore consensus estimate of analysts tracked by Bloomberg.

Bata India Ltd.'s consolidated net profit declined 30% to Rs 58 crore in the third quarter and its revenue from operations was steady at Rs 903 crore despite muted market demand, thanks to growth in premium categories, the shoemaker said in a statement.

Here are the major Q3 results declared after market hours on Thursday:

GMM Pfaudler Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 8% at Rs 856 crore vs Rs 792.3 crore (Bloomberg estimate Rs 917.4 crore).

  • Ebitda down 3.8% at Rs 113.9 crore vs Rs 118.4 crore (Bloomberg estimate Rs 138.6 crore).

  • Margin contracts to 13.3% vs 14.9% (Bloomberg estimate 15.10%).

  • Net profit up 65% at Rs 30.8 crore vs Rs 18.7 crore (Bloomberg estimate Rs 69.5 crore).

Godrej Agrovet Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 1% at Rs 2,345.2 crore vs Rs 2,323.5 crore (Bloomberg estimate Rs 2,459.7 crore).

  • Ebitda up 14% at Rs 159.1 crore vs Rs 139.3 crore (Bloomberg estimate Rs 167.3 crore).

  • Margin expands to 6.8% vs 6% (Bloomberg estimate 6.8%).

  • Net profit down 28% at Rs 83 crore vs Rs 114.6 crore (Bloomberg estimate Rs 79.5 crore).

Indian Hotels Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 17% at Rs 1,963.8 crore vs Rs 1,685.8 crore (Bloomberg estimate Rs 1,914.7 crore).

  • Ebitda up 23% at Rs 732.4 crore vs Rs 597.2 crore (Bloomberg estimate Rs 690.4 crore).

  • Margin expands to 37.3% vs 35.4% (Bloomberg estimate 36.1%).

  • Net profit up 18% at Rs 476.9 crore vs Rs 403.6 crore (Bloomberg estimate Rs 437.2 crore).

Aavas Financiers Q3 FY24 Earnings (Consolidated, YoY)

  • Total income up 24% at Rs 509.2 crore vs Rs 412 crore.

  • Net profit up 8.7% at Rs 116.6 crore vs Rs 107.3 crore.

City Union Bank Q3 FY24 Earnings (Consolidated)

  • NII down 7% at Rs 513 crore vs Rs 555.7 crore.

  • Net profit up 16% at Rs 253 crore vs Rs 217.8 crore (Bloomberg estimate Rs 252.5 crore).

  • Gross non-performing assets at 4.47% vs 4.66% (QoQ)

  • Net NPAs at 2.19 vs 2.34 (QoQ)

EClerx Services Q3 FY24 Earnings (Consolidated, QoQ)

  • Revenue up 4.3% at Rs 752.8 crore vs Rs 721.8 crore (Bloomberg estimate Rs 750.7 crore).

  • EBIT down 0.5% at Rs 173.7 crore vs Rs 174.5 crore (Bloomberg estimate Rs 186.3 crore).

  • Margin contracts to 23.1% vs 24.2% (Bloomberg estimate 24.8%).

  • Net profit up 2.2% at Rs 139 crore vs Rs 136 crore (Bloomberg estimate Rs 141.5 crore).

Thyrocare Technologies Q3 Earnings (Consolidated, YoY)

  • Revenue up 5.2% at Rs 134.7 crore vs Rs 128 crore (Bloomberg estimate Rs 146.6 crore).

  • Ebitda up 13.4% at Rs 31.6 crore vs Rs 27.9 crore (Bloomberg estimate Rs 38.3 crore).

  • Margin expands to 23.4% vs 21.8% (Bloomberg estimate 26.10%).

  • Net profit up 0.3% at Rs 14.74 crore vs Rs 14.7 crore (Bloomberg estimate Rs 23.2 crore).

Somany Ceramics Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue down 1.7% at Rs 612.1 crore vs Rs 622.4 crore (Bloomberg estimate Rs 672.6 crore).

  • Ebitda up 46% at Rs 59 crore vs Rs 40.6 crore (Bloomberg estimate Rs 66.2 crore).

  • Margin expands to 9.6% vs 6.5% (Bloomberg estimate 9.8%).

  • Net profit at Rs 23.4 crore vs Rs 11.47 crore (Bloomberg estimate Rs 31.4 crore).

Mphasis Q3 FY24 Earnings (Consolidated, QoQ)

  • Revenue up 1.9% at Rs 3,337.9 crore vs Rs 3,276.5 crore (Bloomberg estimate Rs 3,429.3 crore).

  • EBIT down 1.9% at Rs 497.1 crore vs Rs 506.7 crore (Bloomberg estimate Rs 512.1 crore).

  • Margin contracts 57 bps to 14.89% vs 15.46% (Bloomberg estimate 14.8%).

  • Net profit down 4.7% at Rs 373.6 crore vs Rs 391.9 crore (Bloomberg estimate Rs 392.3 crore).

Pricol Q3 Earnings FY24 (Consolidated, YoY)

  • Revenue up 21% at Rs 572.6 crore vs Rs 474.1 crore.

  • Ebitda up 33% at Rs 67.8 crore vs Rs 51 crore.

  • Margin expands 100 bps at 11.8% vs 10.8%.

  • Net profit up 27% at Rs 34 crore vs Rs 26.8 crore

Abbott India Q3 FY24 Earnings (Consolidated YoY)

  • Revenue up 8.7% at Rs 1,437.1 crore vs Rs 1,322.2 crore (Bloomberg estimate Rs 1,480 crore).

  • Ebitda up 24% at Rs 387.6 crore vs Rs 312.2 crore (Bloomberg estimate Rs 368.7 crore).

  • Margin expands 335 bps at 26.96% vs 23.61% (Bloomberg estimate 24.9%).

  • Net profit up 26% at Rs 311 crore vs Rs 246.8 crore (Bloomberg estimate Rs 289.7 crore)

Bayer Cropscience Q3 FY24 Earnings (YoY)

  • Revenue down 8% at Rs 954.9 crore vs Rs 1,037.9 crore (Bloomberg estimate Rs 1,119.2 crore).

  • Ebitda up 50% at Rs 127.9 crore vs Rs 85.4 crore (Bloomberg estimate Rs 113.8 crore).

  • Margin expands to 13.39% vs 8.22% (Bloomberg estimate 10.20%).

  • Net profit down 31% at Rs 93.1 crore vs Rs 134.5 crore (Bloomberg estimate 77.7 crore).

HFCL Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue down 4.9% at Rs 1,032.3 crore vs Rs 1,085.8 crore.

  • Ebitda down 31% at Rs 116.7 crore vs Rs 169 crore.

  • Net profit down 18.9% at Rs 82.43 crore vs Rs 101.6 crore.

Minda Corp Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 9.1% at Rs 1,165.8 crore vs Rs 1,068.3 crore (Bloomberg estimate Rs 1,210 crore).

  • Ebitda up 13.8% at Rs 129.9 crore vs Rs 114.1 crore.

  • Margin expands 45 bps at 11.13% vs 10.68%.

  • Net profit up 0.4% at Rs 52.5 crore vs Rs 52.3 crore.

Jupiter Wagons Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 39% at Rs 895.8 crore vs Rs 644.4 crore.

  • Ebitda up 55% at Rs 124.4 crore vs Rs 80.1 crore.

  • Margin expands to 13.88% vs 12.43%.

  • Net profit up 83% at Rs 81.5 crore vs Rs 44.6 crore.

Texmaco Rail & Engineering Q3 Earnings (YoY)

  • Revenue up 44% at Rs 896.4 crore vs Rs 624.9 crore.

  • Ebitda up 47% at Rs 82.5 crore vs Rs 56 crore.

  • Margin expands to 9.2% vs 8.95%.

  • Net profit at Rs 25.8 crore vs Rs 9 crore.

Bata India Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 0.4% at Rs 903.5 crore vs Rs 900.2 crore (Bloomberg estimate Rs 955.6 crore).

  • Ebitda down 12% at Rs 182.5 crore vs Rs 206.2 crore (Bloomberg estimate Rs 245.4 crore).

  • Margin contracts to 20.19% vs 22.9% (Bloomberg estimate 25.7%).

  • Net profit down 30% at Rs 58 crore vs Rs 83 crore (Bloomberg estimate Rs 110.3 crore).

Castrol India Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 7.5% at Rs 1,264 crore vs Rs 1,176 crore (Bloomberg estimate Rs 1,259.2 crore).

  • Ebitda up 47% at Rs 329 crore vs Rs 223.6 crore (Bloomberg estimate Rs 296.5 crore).

  • Margin expands 701 bps at 26.02% vs 19.01% (Bloomberg estimate 23.5%).

  • Net profit up 26% at Rs 241.9 crore vs Rs 192.1 crore (Bloomberg estimate 213.6 crore).

  • Recommends final dividend of Rs 4.5 per share.

Rites Q3 FY24 Earnings (Consolidated, YoY)

  • Revenue up 0.81% at Rs 682.9 crore vs Rs 677.3 crore (Bloomberg estimate Rs 701.7 crore).

  • Ebitda down 12.5% at Rs 168.91 crore vs Rs 193.1 crore (Bloomberg estimate Rs 164.1 crore).

  • Margin contracts to 24.73% vs 28.5% (Bloomberg estimate 23.4%).

  • Net profit down 13% at Rs 128.8 crore vs Rs 147.2 crore (Bloomberg estimate Rs 129.2 crore).

  • Company declares dividend of Rs 4.75 per share.

Also Read: Budget 2024: How The Interim Budget Will Benefit Taxpayers

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Google Badge