The net profit of the Titan company remained almost stable during the third quarter of the current financial year due to customs cuts. Its operating revenue in this quarter increased by 25.2 percent to Rs 17,740 crore as compared to the previous year, while the net profit was Rs 1,047 crore. On a quarterly basis, its net profit increased by 48.7 percent while the revenue increased by 22.1 percent.
The jewelery company’s interest, depreciation and tax profit increased by 5.9 percent to Rs 1,802 crore over the previous year during the quarter ended December. During this period, Tanishq’s owner’s income from jewelery business increased by 26 percent to Rs 14,697 crore on a single basis as compared to the same quarter of the previous year. The company said in a release of its income results that during the same period the company’s Indian business increased by 25 percent. In the business of watches and wearable items, he recorded an income of Rs 1,128 crore, which is 15 percent more than the same quarter of the previous year. During this period, domestic business increased by 14 percent.
Birla Corporation, the leading company of MP Birla Group, declined by 71.4 per cent in the net profit of the integrated net profit during the October to December quarter (third quarter of FY 25) and declined to Rs 31.19 crore. The net profit was Rs 109.14 crore during the same period of a year ago. The company said the amount received from cement sales during the December quarter stood at Rs 4,781 per tonne, which is 9.5 percent less than last year due to low prices in Maharashtra and Central India. However, on a quarterly basis it reflects an increase of 1.8 percent (Rs 4,697 per tonne in the September quarter). In the second of FY 25, the company recorded a net loss of Rs 25.19 crore.