Q3 Results: JSW Steel’s profit fell, DLF, Shriram Finance and Torrent Pharma increased, Granules India and NIIT decreased.

Steel major JSW Steel’s net profit in the third quarter of the current financial year fell 70.3 per cent to Rs 717 crore as compared to the same period a year ago. The company said on Friday that the decline in net profit in the October-December quarter was due to falling steel prices.

The net profit of this flagship company of Sajjan Jindal Group was Rs 2,415 crore in the same period a year ago. Earlier, in the second quarter of FY 2025, the firm had posted a profit of Rs 439 crore. On a consolidated basis, the company’s total revenue also declined 1.3 per cent to Rs 41,378 crore as against Rs 41,940 crore in the same period last year. The company’s revenue was 1 per cent and profit 3 per cent lower than Bloomberg estimates. But revenue grew 4.3 per cent and profit 63.3 per cent over the previous quarter as the fall in steel realisations was offset by higher sales volumes and lower costs, mainly coking coal.

During the quarter under review, the company’s domestic sales stood at 59.9 lakh tonnes, which is the highest ever. This is 14 percent more than the same quarter a year ago. The company has attributed this to strong institutional and retail sales.

Granules India’s net profit falls by 6 per cent

Pharmaceutical company Granules India’s consolidated net profit declined by six per cent to Rs 118 crore in the third quarter of the current financial year. The company had earned a net profit of Rs 126 crore in the October-December quarter of the last financial year. Granules India said in a stock exchange information on Friday that its operating revenue declined to Rs 1,138 crore in the October-December quarter of FY 2024-2025, as against Rs 1,156 crore in the same quarter of the previous financial year.

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Granules India Chairman and Managing Director Krishna Prasad Chigurupati said the company is consistently making good profits in the field of its ‘ready dose’ medicines. He said the company is improving its operations to improve the quality of medicines.

NIIT’s third quarter net profit fell by 6.75 percent

Skill and talent development company NIIT Limited’s consolidated net profit declined by 6.75 percent to Rs 13.39 crore in the third quarter of the current financial year 2024-25. The company’s net profit in the third quarter (October-December) of the last financial year 2023-24 was Rs 14.36 crore. NIIT said in a notice to the stock market, operating income increased by 15.19 percent to Rs 98.11 crore in the third quarter of FY 2024-25.

DLF’s net profit jumps 61 percent

Real estate major DLF’s consolidated net profit jumped 61 percent to Rs 1,058.73 crore in the third quarter of the current financial year. The company’s net profit was Rs 655.71 crore in the same period of the previous financial year. DLF said in a stock exchange information on Friday that its total income increased to Rs 1,737.47 crore in the third quarter of the current financial year from Rs 1,643.51 crore in the same quarter of the previous financial year. The company’s net profit rose to Rs 3,084.62 crore during the April-December quarter of FY 2024-25 from Rs 1,803.71 crore in the same period of FY 2023-24.

Torrent Pharma’s net profit climbs 14 per cent

Torrent Group’s flagship company Torrent Pharmaceuticals’ net profit rose 14 per cent to Rs 503 crore in the October-December quarter of the current financial year. The company’s profit has increased due to strong performance in the domestic market. The company had earned a net profit of Rs 443 crore in the October-December quarter of the previous financial year.

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The company’s revenue rose year-on-year to Rs 2,809 crore in the third quarter from Rs 2,732 crore in the same quarter of 2023-24 a year ago. The company said its revenue in India grew 12 per cent to Rs 1,581 crore. Similarly, Germany’s revenue grew by four per cent to Rs 282 crore in the third quarter.

Shriram Finance’s profit increased by 73%

Shriram Finance, the country’s largest retail non-banking financial company (NBFC), has reported a consolidated net profit of Rs 3,248.64 crore during the third quarter of the current financial year, up 73 per cent from Rs 1,873.59 crore recorded in the same period of the year 2023-24. The total income of the NBFC grew by 20 per cent to Rs 10,705.47 crore during the period under review, as against Rs 8,927.3 crore during the same period of the year 2023-24. The company’s profit after tax (PAT) also includes a one-time gain of Rs 1,554 crore on account of the sale of Shriram Housing Finance (now renamed TruHome Finance).

Bank of India’s net profit rises 35 percent

Public sector lender Bank of India (BOI) reported a 35 percent rise in its net profit to Rs 2,517 crore in the third quarter ended December of the current financial year as compared to the same period a year ago. The company’s net profit was boosted by better net interest income (NII) and strong profit from fiscal operations. The Mumbai-based lender’s net profit rose 6 percent as compared to Rs 2,374 crore in the second quarter of the current financial year. However, ahead of the release of results, BOI’s stock closed 1.5 percent lower at Rs 98.3 per share on the Bombay Stock Exchange (BSE) on Friday.

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