The country’s largest cement manufacturer UltraTech Cement has reported a 17.3 percent decline in its net profit in the December quarter of FY25. This has happened due to weak receipts despite increase in sales. The Aditya Birla Group company reported a consolidated net profit of Rs 1,470 crore during the quarter while revenue grew marginally 2.7 per cent at Rs 17,193 crore compared to a year ago. Other income also saw a growth of 73.89 percent in the company’s third quarter performance and it increased to Rs 244 crore. The company’s PBDIT declined by 7.96 percent on an annual basis to Rs 3,130 crore. UltraTech beat Bloomberg analysts’ estimates of adjusted net income of Rs 1,323 crore and revenue of Rs 17,129 crore. On quarterly basis, UltraTech’s net profit increased by 79.20 percent and revenue by 9.97 percent.
Adani Energy Solutions (AESL) has reported a 73 per cent rise in its net profit during the October-December 2024 period (Q3FY25). The increase in net profit was helped by a strong performance and a one-time gain related to the sale of Dahanu asset. During the quarter under review, the company reported a consolidated net profit of Rs 561.78 crore and operating revenue increased by 28 per cent to Rs 5,830.26 crore as compared to last year. Adani Energy Solutions said this increase in profit was as a result of higher EBITDA and the reversal of net deferred tax liability of Rs 185 crore, which was mainly due to the disinvestment of the Dahanu plant in its subsidiary Adani Electricity Mumbai (AEML). Has happened due to.
Renewable energy company Adani Green Energy Limited (AGEL)’s consolidated net profit rose 85 per cent to Rs 474 crore in the October-December quarter of the current financial year. Profit has increased mainly due to increase in income from electricity supply. AGEN’s net profit stood at Rs 256 crore in the same period of the last financial year. The company said that income from power supply increased to Rs 1,993 crore in the third quarter of the current financial year, from Rs 1,765 crore in the same period of the last financial year. The company’s operating capacity increased by 37 per cent to 11,609 MW, including new power plants of 3,131 MW.
Pharmaceutical company Dr Reddy’s Laboratories’ consolidated net profit rose two per cent to Rs 1,413 crore in the third quarter of the current financial year. The Hyderabad-based pharmaceutical company had earned a profit of Rs 1,379 crore in the October-December quarter of the last financial year. Dr Reddy’s Laboratories said the company’s revenue increased to Rs 8,359 crore. It was Rs 7,215 crore in the same quarter a year ago.
Syngene International, a subsidiary of Biocon, has registered an increase of 17.6 percent in profit after tax (PAT) during the third quarter of FY 2025 compared to the previous year. The company’s operating revenue has increased by 10.6 percent on an annual basis. Consolidated profit after tax during Q3FY25 stood at Rs 1,311 crore while revenue from operations stood at Rs 9,437 crore. Quarterly revenue increased by 5.9 percent while profit after tax also increased by 23.56 percent. Syngene International’s EBITDA grew by 16 percent year-on-year. During the quarter, Discovery Services initiated ‘China+1’ pilots with large and mid-sized pharma companies and converted them into long-term contracts.
Nippon India AMC reported a four per cent rise in net profit during the third quarter at Rs 295 crore compared to last year. The company’s total income during the third quarter increased to Rs 568 crore from Rs 485 crore during the same quarter last year. The company said in the release that its mutual fund offering recorded a 51 per cent growth in average assets under management quarter-on-quarter to Rs 5.7 lakh crore.
Information technology solutions provider Coforge’s net profit in the December quarter increased by 10 percent to Rs 268 crore. Coforge’s CEO expressed confidence that the company’s strong and sustained growth will continue in the coming year. The company’s revenue stood at Rs 3,318.2 crore, which increased by 8.4 percent compared to the July-September quarter. The board of directors of Coforge has recommended an interim dividend of Rs 19 per share. paid for
Travel service provider MakeMyTrip’s net profit increased by 12 percent to $27.1 million in the December quarter. The company’s profit has increased mainly due to increase in total bookings. The company had recorded a net profit of $24.2 million in the same period a year ago. According to International Financial Reporting Standards (IFRS), revenue grew by 26.2 per cent year-on-year in the third quarter of financial year 2024-25.