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HUL Q3 results: Net profit rises 17% to Rs 2,243 cr

FMCG major Hindustan Unilever on Thursday reported 17% jump in net profit at Rs 2,243 crore for the quarter ending December 31, 2021 as it gained market share in both urban and rural areas as India emerged from coronavirus-related lockdowns.. It posted net profit of Rs 1,921 crore in yearago period.

Growth in the quarter was competitive and profitable with domestic consumer growth of 11%. Business fundamentals remained strong with handsome market share gains in all our divisions, both urban and rural markets and across price segments. Underlying volume growth at 2% was significantly ahead of the market, the company said in a stock exchange filing.

Bajaj Housing Fin to raise Rs 3,000 crore via non-convertible debentures

Bajaj Housing Finance (BHFL) plans to raise up to Rs 3,000 crore through nonconvertible debentures (NCDs) and increase the share of market borrowing through banking funds. In December 2021, its borrowing mix was 61:39 between banks and markets, respectively.

The strategy is to create a balanced and sustained mix of borrowings, the company said in an investor presentation for the quarter ended December (Q3FY22).

Larsen & Toubro dispatches six of world's largest coke drums to Mexico

Larsen & Toubro (L&T) on Thursday said its heavy engineering arm has dispatched six of the world's largest coke drums to Mexico. These coke drums were successfully manufactured during the COVID-19 pandemic at L&T's state-of-the-art Heavy Engineering Complex located at Hazira near Surat, the company said in a statement.

Bank of Maharashtra Q3 net doubles to Rs 325 cr on robust NII

Bank of Maharashtra posted a 110.7 per cent rise in net profit at Rs 325 crore for the third quarter ended December 2021 (Q3FY22) on robust growth in net interest income. The net profit was Rs 154 crore in Q3FY21 and Rs 263 crore in the second quarter ended September 2021 (Q2FY22). Net Interest Income (NII) grew by 16.90 per cent to Rs 1,527 crore in Q3FY22 as against Rs 1,306 crore for Q3FY21. Sequentially, growth was flat with NII of Rs 1,500 crore in Q2FY22.

Asian Paints Q3 results: Net profit falls 18% to Rs 1,016 cr

Paint major Asian Paints on Thursday reported 18% decline in consolidated net profit at Rs 1,016 crore for the quarter ending December 31, 2021. It was Rs 1,238 crore in the year-ago period. Consolidated revenue from operations rose 26% to Rs 8,527 crore as compared to Rs 6,788 crore in Q3FY21.

Steep inflationary trend in raw material prices continued to impact gross margins across businesses in quarter, the company said.

Walmart invites Indian sellers to expand overseas via its US marketplace

Walmart, the world’s largest retailer, is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million US shoppers each month. This initiative expands on over 20 years of Walmart’s engagement with Indian exporters. India is already one of Walmart’s top sourcing markets, and the company has set an ambitious goal of exporting $10 billion from India each year by 2027.

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