Q3 earnings: Motherson Sumi, Bharat Forge, Glenmark Pharmaceuticals, Hindustan Aeronautics, Indiabulls Housing Finance, GMR Infrastructure, Godrej Industries and Grasim are among the companies that will report their financial results for the October-December period on Friday.
ITC: The company reported a consolidated net profit of Rs 3,587.20 crore for the third quarter of the current financial year, as against Rs 4,047.87 crore for the corresponding period a year ago. Revenue from operations rose to Rs 14,124.48 crore, from Rs 13,307.54 crore in the year-ago period.
Sun Pharma: The drug maker, its promoters and directors entered into a settlement agreement with market regulator Sebi in the two-year-old Aditya Medisales case.
ACC: The company reported a better-than-expected consolidated net profit of Rs. 470 crore for the quarter ended December on revenues of Rs 4,140 crore.
Gujarat Pipavav: The company reported consolidated net profit of Rs. 58.7 crore for the December quarter as against Rs. 130 crore in the year ago quarter.
Oil India: The company’s net profit for the quarter ended December more than doubled on-year to Rs. 900 crore despite a one-time loss of Rs. 150 crore.
Tube Investments: The company said that it will invest Rs. 200 crore in the development of electric three-wheelers.
Power Grid: The company reported better-than-expected net profit of Rs. 3,320 crore for the quarter ended December.
Ashok Leyland: The company reported a net loss of Rs. 19.4 crore for the quarter ended December as against Rs. 27.75 crore reported in the year-ago period.
InterGlobe Aviation: The company announced the launch of 22 new domestic flight routes.
Allcargo Logistics: The company reported a sharp drop in consolidated net profit of Rs. 14 crore for the quarter ended December because of a one-time loss of Rs. 20.65 crore.
Karur Vysya Bank: The lender’s net profit for the quarter ended December more than doubled on-year to Rs. 34.63 crore. The lender also saw a sequential improvement in gross and net NPA ratio in the quarter.