Q3 Results HIGHLIGHTS: Tata Communications, Polycab, Home First, several other firms report earnings
Q3 FY24 Results Season HIGHLIGHTS, Q3 FY24 Earnings: More than 40 companies, including Tata Communications, Home First, Poonawalla Fincorp, Metro Brands, Polycab India, and Sterling and Wilson Renewable Energy, reported their Q3 FY24 earnings on January 18.
Catch all the latest updates here, as the earnings season gathers steam on Dalal Street:
Q3 FY24 Results Season HIGHLIGHTS, Q3 FY24 Earnings: More than 40 companies, including Tata Communications, Home First, Poonawalla Fincorp, Metro Brands, Polycab India, and Sterling and Wilson Renewable Energy, reported their Q3 FY24 earnings on January 18.
Catch all the latest updates here, as the earnings season gathers steam on Dalal Street:
Latest Updates
Q3 Results LIVE Update: Tata Communications surpasses Rs 5,000 crore quarterly revenue mark
“We are pleased to report another quarter of robust growth as data revenue crossed the Rs 4,000 crore mark with digital services contributing 45 per cent, in line with our strategy. Even as we increase our impetus on people and platforms to deliver long-term value, our acquisitions of Oasis, The Switch and Kaleyra have created new avenues for growth and innovation. We remain confident about our medium-term ambitions," says AS Lakshminarayanan, MD and CEO, Tata Communications.
The company's India enterprise revenue grows 10.4 per cent on a year-on-year basis, according to a statement.
Q3 Results LIVE Update: Tata Communications EBITDA rises 11.6% vs Q2
The company reports Rs 1,134 crore in earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter, as against Rs 1,016 crore for the previous three months.
According to Zee Business research, the company's EBITDA for the third quarter of FY24 was estimated at Rs 988 crore.
Q3 Results LIVE Update: IndiaMART InterMESH shares fall nearly 5% after earnings announcement
IndiaMART InterMESH shares finish the day weaker by Rs 128.1, or 4.9 per cent, at Rs 2,472.1 apiece on BSE.
Q3 Results LIVE Update: Polycab India net profit rises 15% to Rs 416.5 crore, revenue up 17% on strong growth in wires & cables volumes
Polycab India registers revenue of Rs 4,340.5 crore for the quarter ended December, up 16.8 per cent on a year-on-year basis led by strong volume growth in its wires and cables unit.
Its net profit rises 15.4 per cent to Rs 416.5 crore, according to a regulatory filing.
Here are some other key points:
- Contraction of 15% in FMEG business mainly due to sustained weakness in consumer demand
- Fans business grows sequentially but shrinks on a year-on-year basis due to a higher base the previous year
- Lights segment continues to decline owing to pricing erosion
- Switches and switch-gears unit sees robust year-on-year growth
Polycab shares ended 0.2 per cent lower at Rs 4,431 apiece on BSE ahead of the earnings announcement.
Q3 Results LIVE Update: Home First Finance net profit at Rs 78.8 crore
Home First Finance Company reports a net profit of Rs 78.8 crore for the October-December period, as against a net profit of Rs 58.7 crore for the year-ago quarter.
Its revenue from operations grows 44.3 per cent to Rs 296.3 crore for the fiscal third quarter of FY24.
Earlier in the day, the NBFC stock rose 3.1 per cent to end at Rs 995.5 apiece on BSE.
Q3 Results LIVE Update: South Indian Bank shares jump after quarterly net profit grows almost three times
The stock finishes 8.6 per cent stronger at Rs 30.8 apiece on BSE after the earnings announcement.
Image: BSEIndia.com
The private sector lender says its nine-month net profit stands at a record Rs 782.5 crore.
Q3 Results LIVE Update: Tata Communications margin shrinks by 70 basis points sequentially
The Tata group company's margin, a key measure of profitability, comes in at 20.1 per cent for the December quarter as against 20.8 per cent for the previous three months.
However, the company's quarterly margin is better than analysts' estimates.
According to Zee Business research, Tata Communications (TATACOMM) was estimated to register a margin of 17.8 per cent for the fiscal third quarter.
Q3 Results LIVE Update: IndiaMART InterMESH quarterly profit at Rs 81.9 crore vs Rs 112.8 crore a year ago
The company's revenue stands at Rs 305.3 crore for the fiscal third quarter, an increase of 21.4 per cent on a year-on-year basis, according to a regulatory filing.
Q3 Results LIVE Update: Tata Communications consolidated net profit at Rs 45 crore
The Tata group company registers a consolidated net profit of Rs 45 crore for the quarter ended December, taking into account an exceptional item of Rs 185 crore. Its profit before exceptional items, tax and share in associates' profit comes in at Rs 339.3 crore.
According to Zee Business research, Tata Communications (TATACOMM) was estimated to post a net profit of Rs 120 crore for the three-month period.
Q3 Results LIVE Update: Poonawalla Fincorp (POONAWALLA) shares inch higher, recover intraday losses
The NBFC stock is up 0.3 per cent at Rs 485.2 apiece on BSE, iin a bounceback from the red after falling to as low as Rs 465 in intraday trade.
The company is scheduled to report its quarterly numbers today.
Q3 Results LIVE Update: South Indian Bank net profit almost triples to Rs 305.4 crore
The lender reports a net profit of Rs 305.4 crore for the fiscal third quarter as against Rs 102.8 crore for the corresponding period a year ago.
Q3 Results LIVE Update: Mastek shares down 1% amid volatility as investors await earnings today
The stock of Masket Ltd, an enterprise digital and cloud transformation company, is down 0.9 per cent at Rs 2,901.1 apiece on BSE, having see-sawed between gains and losses, in the range of Rs 2,878.7 and Rs 3,066.1, earlier in the day.
Q3 Results LIVE Update: Polycab India shares recover much of intraday losses ahead of earnings announcement
Polycab India shares recover nearly all of their intraday losses to trade 0.3 per cent weaker for the day at Rs 4,428 apiece on BSE at this hour, having plummeted by as much as Rs 444, or 10 per cent, to Rs 3,996.1 earlier in the day.
Q3 Results LIVE Update: As investors await Tata Communications Q3 FY24 earnings due today, here is how the Tata group firm fared in July-September
Here's a breakup of Tata Communications' revenue from its data and voice units:
- Data revenue grew nearly two per cent to Rs 4,007 crore on a quarter-on-quarter basis
- Voice revenue increased 2.6 per cent to Rs 429 crore
The company said it remains confident of long-term opportunities and would continue to invest in its product portfolio.
Zee Business analysts had pegged the company's data revenue at Rs 4,011 crore and voice revenue at Rs 418 crore.
Q3 Results LIVE Update: As investors await Tata Communications Q3 earnings due today, here is how the Tata group company fared in previous quarter
Here's a summary of Tata Communications' Q2 FY24 earnings (consolidated):
- Revenue: Rs 4,873 crore
- EBITDA: Rs 1,016 crore
- Margin: 20.8 per cent
- Net profit: Rs 221 crore; other income: Rs 25.5 crore
According to Zee Business research, the Tata group company's Q2 profit was estimated at Rs 296 crore, revenue at Rs 4,843 crore, EBITDA at Rs 1,017 crore and margin at 21 per cent.