Q3 results
On Monday, many companies have announced their Q3 results. Many companies have recorded a huge decline in profits. At the same time, some companies have also presented better results. Some companies have suffered losses after profit. Due to the quarterly results, the shares of many companies will see a stir tomorrow. Let us know which companies will remain in the headlines tomorrow under the share results.
Ada-Total Gas’s profit dropped 17 percent
Adaani Total Gas Limited (ATGL), a joint venture of Adani Group and France’s Total, said on Monday that its net profit declined by 17 percent in the third quarter of the current financial year. The company said that it used higher value fuel due to cuts in cheap domestic gas supply under the administered price mechanism (APM). This led to a decrease in its net profit. The company said in a statement that its net profit was Rs 143 crore in the October-December quarter, which was Rs 172 crore in the same period last year. The APM gas supply for the CNG section during the quarter under review met only 47 percent of the demand and the remaining was completed with a higher price gas.
39 crore profit to Piramal Enterprises
Piramal Enterprises Limited (PEL) said on Monday that it earned a net profit of Rs 39 crore in the third quarter ended December 2024. This diversified non-banking financial company recorded a net loss of Rs 2,378 crore in the same period of a year ago. Announcing the quarterly results, Piramal Enterprises also said that the Reserve Bank of India changed the name of PCHFL to Piramal Finance in a letter on 23 December 2024 to merge with full -owned subsidiary company Piramal Capital and Housing Finance (PCHFL). Has approved
Coal India’s profit decreased by 17 percent
The integrated net profit of the government company Coal India Limited in the third quarter of the current financial year ended December 31, 2024 has come down by 17.4 percent to Rs 8,491.22 crore. The company said that its profits have declined due to low sales. Coal India Limited (CIL) gave this information to the stock markets. A year ago, in the same quarter, the company recorded a profit of Rs 10,291.71 crore. The company said that during the October-December quarter of FY 2024-25, its sales fell from Rs 33,011.11 crore to Rs 32,358.98 crore on an annual basis. The total expenditure of this coal sector company increased to Rs 26,201.55 crore during the third quarter of the current financial year, which was Rs 25,132.87 crore a year ago.
Tata Steel Benefits reduced to 295 crores
Tata Steel’s integrated net profit declined by 43.4 percent to Rs 295.49 crore in the third quarter of the current financial year ended December 31, 2024. The company said that its net profit decreased due to reduced income. Tata Steel recorded an integrated net profit of Rs 522.14 crore in the same period of a year ago. The company told the stock market that its integrated income in October-December 2024 declined from Rs 55,539.77 crore to Rs 53,869.33 crore on an annual basis.
Canara Bank’s profit increased to 4,104 crores
The single net profit of the public sector Canara Bank increased by 12.25 percent to Rs 4,104 crore in the third quarter of the current financial year 2024-25. The bank had a profit of Rs 3,656 crore in the third quarter (October-December) of the last financial year 2023-24. In the information given to the stock market, Canara Bank said that its total income in the October-December quarter of the current financial year increased by 11.7 percent to Rs 36,114 crore, which was Rs 32,334 crore in the same period of the last financial year.
Emami’s profit up seven percent
Emami Limited, a major domestic company that makes everyday consumption items, has increased by 7.03 percent to Rs 278.98 crore for the third quarter of the current financial year ended December 2024. The company’s profits have increased due to increase in quantity in the main business. Emami gave this information to the stock markets.
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