Business News Desk – After the closing of the stock market on Thursday, big updates have come regarding many companies. When the market opens on Friday, action can be seen in the shares of these companies.
ITC: The company reported a profit of Rs 5,078.3 crore for the quarter ended September, while a CNBC-TV18 poll had estimated a profit of Rs 5,050 crore. In the same quarter a year ago, the company had registered a profit of Rs 4,927 crore. This increase in the company’s profit is 3 percent. The company’s income in the September quarter has increased from Rs 16,550 crore to Rs 19,327.8 crore on an annual basis. This increase in the company’s income is 16.8 percent. On Thursday, ITC shares closed at Rs 470.70 with a decline of 2.01 per cent.
United Breweries: The company has presented better results than expected. The company said that its profit has increased to Rs 132.3 crore in the quarter ended September, which was Rs 107.2 crore in the same quarter a year ago. This increase in the company’s profit is 23.4 percent. The company’s income has increased from Rs 1,888 crore to Rs 2,114.7 crore on an annual basis. On Thursday, shares of United Breweries closed at Rs 1,983.95, down 0.34 per cent.
Dixon Tech: The company has reported a profit of Rs 411.7 crore for the quarter ended September 2024, compared to Rs 113 crore in the same quarter a year ago. This increase in the company’s profit is 264 percent. The company’s income has increased from Rs 4,942 crore to Rs 11,534.1 crore on an annual basis. On Thursday, the company’s shares closed at Rs 15,044.95 with a decline of 1.57 per cent.
IndusInd Bank: Private sector bank IndusInd Bank has announced its quarterly results. The bank has informed that the profit of the bank declined by 39.4 percent to Rs 1,325.5 crore in the quarter ending September 2024, which was Rs 2,181.5 crore in the same quarter a year ago. The bank’s net interest income (NII) has seen a growth of 5.3 per cent to Rs 5,347.3 crore. The bank had recorded an NII of Rs 5,076.8 crore in the same quarter a year ago.
Godrej Consumer: The company has announced the results for the quarter ending September 2024. The company has said that consolidated profit has increased to Rs 491.31 crore in the second quarter of FY 2025, which was Rs 433 crore in the same quarter a year ago. This increase in the company’s profit is 13.5 percent. The company has reported an income of Rs 3,663.3 crore in the September quarter, which is 1.8 percent more than Rs 3,602 crore in the same quarter a year ago.
DCB Bank: The bank’s profit has increased by 22.6 percent to Rs 155.5 crore in the quarter ended September, which was Rs 126.8 crore in the same quarter a year ago. The bank’s NII has increased by 7 per cent to Rs 509.2 crore, which was Rs 475.7 crore in the same quarter a year ago. On quarter-on-quarter basis, net NPA has come down from 1.18 percent to 1.17 percent. On Thursday, the bank’s shares closed at Rs 110.27 with a decline of 1.40 per cent.
Axis Bank: RBI has approved the re-appointment of Amitabh Chaudhary as MD and CEO of the bank for 3 years from January 1, 2025. The appointment was approved by shareholders at the bank’s 30th annual general meeting held in July. On October 24, 2024, the Reserve Bank of India also gave its final approval. On Thursday, the bank’s shares closed at Rs 1,167 with a gain of 0.57 per cent.
IEX: Indian Energy Exchange Ltd’s profit rose 28.8 per cent to Rs 106.8 crore in the September quarter from Rs 82.9 crore in the same quarter a year ago. The company’s income increased by 28.3 percent to Rs 129.2 crore, from Rs 108.5 crore in the same quarter a year ago. On Thursday, the company’s shares closed at Rs 184.55, up 0.95 percent.
Cient: The company’s profit increased by 24.5 percent to Rs 179.1 crore in the September quarter from Rs 143.9 crore in the quarter ended June 2024. The company’s income increased 10.3 percent quarter-on-quarter to Rs 1,849.1 crore, from Rs 1,675.7 crore in the June quarter. On Thursday, the company’s shares closed at Rs 1,777.80, up 3.20 percent.
JSW Energy: The company’s profit has increased by 2.3 percent to Rs 876.8 crore in the September quarter, which was Rs 856.8 crore in the same quarter a year ago. The company’s income fell 0.7 percent to Rs 3,237.7 crore, from Rs 3,259.4 crore in the same quarter a year ago.
Petronet LNG: The company’s profit fell by 25.8 per cent to Rs 847.6 crore in the quarter ended September 2024 from Rs 1,142 crore in the quarter ended June 2024. There has been a decline of 2.9 percent in the company’s income, which has reached Rs 13,021.8 crore. In the last quarter, the company had registered an income of Rs 13,415 crore.
Ujjivan Small Finance Bank: Ujjivan Small Finance Bank has appointed S Balakrishna Kamath as the CFO of the bank with effect from January 3, 2025. The company’s shares closed at Rs 36.62 on Thursday, down 3.81 per cent.
IXIGO: The company’s profit declined from Rs 26.7 crore year-on-year to Rs 13.1 crore for the quarter ended September 2024, while income increased to Rs 206.5 crore from Rs 163.9 crore in the same quarter a year ago. On Thursday, the company’s shares closed at Rs 149 with a decline of 0.69 percent.
Shriram Properties: Shriram Properties informed in an exchange filing that Enforcement Directorate (ED) officials are searching our office premises in Bengaluru and Chennai. The Company is fully cooperating with the officials by responding to the clarifications/details sought by them. The company said that the company will update the stock exchange about any significant developments in this regard.
Coromandel International: The company’s profit declined by 12.3 percent to Rs 664 crore for the quarter ending September 2024, compared to Rs 756.9 crore in the same quarter a year ago. The company’s income has seen an increase of 6.4 percent, reaching Rs 7,432.8 crore. The company had registered an income of Rs 6,988.1 crore in this quarter a year ago.
RR Cable: The company has informed that the profit declined by 33.2 percent to Rs 49.5 crore in the September quarter, whereas it was Rs 74.1 crore in the same quarter a year ago. The company’s income has increased by 12.4 percent to Rs 1,810 crore, whereas it was Rs 1,609.7 crore in the same quarter a year ago.
NACL: The company’s profit in the September quarter has increased from Rs 4.1 crore to Rs 14.9 crore on a year-on-year basis. During this period, the company’s income has declined from Rs 580.3 crore to Rs 440.3 crore. The company’s shares closed at Rs 53 on Thursday with a gain of 0.84 per cent.
