SBI | India’s largest bank State Bank of India (SBI) reported a 35.5% year-on-year drop in standalone net profit to ₹9,163 crore for the quarter ended December 31, 2023, after accounting for a one-off exceptional item of ₹ 7,100 crores. It was ₹14,205 crore in the same quarter last year.
Paytm | Indian stock exchanges cut daily share trading limits for digital payments firm Paytm to 10% from 20% after shares lost $2 billion following a regulatory crackdown on the company’s banking unit.
Zee Entertainment | In a setback for Sony, the Emergency Arbitrator dismissed the former’s application against Zee Entertainment at the Singapore International Arbitration Centre,
GHCL | Leading soda ash maker GHCL Ltd on Saturday (February 3) reported a 60.7% year-on-year (y-o-y) decline in net profit at ₹99.9 crore for the third quarter ended December 31, 2023. In the corresponding quarter of last year, GHCL reported a net profit of ₹254.1 crore, the company said in a regulatory filing. The company’s income from operations fell 27.6% to ₹797.3 crore from ₹1,101.6 crore in the corresponding period of the previous fiscal.
Bank of India | State-owned Bank of India (BoI) on Friday (February 2) reported a 62.4% year-on-year jump in net profit at ₹1,869.5 crore for the third quarter ended December 31, 2023. In the corresponding quarter last year, Bank of India reported a net profit of ₹1,151 crore, the bank said in a regulatory filing.
IndiGo | InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Friday (February 2) reported a 111% year-on-year (y-o-y) jump in net profit at ₹2,998 crore for the third quarter ended December 31, 2023. of as a result of continued demand for air travel and the fuel surcharge introduced in October. In the corresponding quarter last year, InterGlobe Aviation reported a net profit of ₹1,423 crore, the company said in a regulatory filing. The company’s income from operations increased 30% to Rs 19,452 crore from Rs 14,933 crore in the corresponding period of the previous fiscal.
UPL | Agrochemical major UPL Ltd on Friday (Feb 2) reported a net loss of ₹1,217 crore for the third quarter ended December 31, 2023. In the corresponding quarter last year, UPL had posted a net profit of ₹1,087 crore, the company said in a regulatory filing. The CNBC-TV18 poll had projected a loss of ₹483 crore for the quarter under review.
Tata Motors | Leading carmaker Tata Motors Ltd on Friday (February 2) reported a 137.5% year-on-year (y-o-y) jump in consolidated net profit at ₹7,025 crore for the third quarter ended December 31, 2023. In the corresponding quarter of the year , Tata Motors reported a consolidated net profit of ₹2,958 crore, the company said in a regulatory filing. The CNBC-TV18 survey projected a profit of ₹4,071 crore for the quarter under review.
Delhivery | The company reported a quarterly profit for the first time. Highest quarterly revenue and EBITDA ever. It also reports a margin of 5%. Revenues increased by 20.3% year-on-year. Operating leverage drove performance in the third quarter. Adequate infrastructure and capacity in place to sustain growth in FY25.