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Arvind Ltd Q3 net down 30% to Rs 25 cr, textile business rebounds

Textile and branded apparel player Arvind Ltd has posted a 30 per cent dip in consolidated net profit, to Rs 24.91 crore for the third quarter ended December 31, 2020, from Rs 35.77 crore in the said quarter last year. The company's consolidated revenue from operations dipped nearly 19 per cent year-on-year in the quarter to Rs 1,514 crore, from Rs 1,869 crore in the corresponding period last year. Sequentially, however, the company's consolidated revenue from operations rose 16 per cent in Q3 from Rs 1,305 crore in the second quarter ended September 30, 2020.

SBI Q3 net down 6.93% at Rs 5,196 cr, asset quality improves despite Covid

The country’s largest lender, State Bank of India, saw its net profit fall by 6.93 per cent to Rs 5,196 crore in the December quarter of financial year 2020-21 (Q3FY21) from Rs 5,583 crore in the corresponding quarter last year. The dip was a result of a surge in interest income in Q3FY20 because of a one-time recovery in Essar Steel account of Rs 4,039 crore. Its asset quality profile improved even if one accounts for the impact when the Supreme Court vacates the interim stay on recognising non-performing assets (NPAs). The pro-forma gross NPAs were 5.44 per cent in Q3, compared with 5.88 per cent in Q2, and 6.94 per cent a year ago. Net NPAs were 1.82 per cent in Q3, against 2.08 per cent in Q2, and 2.65 a year ago

NTPC Q3 net profit up 10% to Rs 3,315 crore, to pay interim dividend

State-owned power generation major NTPC Limited posted a 10 per cent rise in net profit for the quarter ended December 2020. Profit after tax (PAT) for Q3FY21 was Rs 3,315.34 crore, as against Rs 2,995.14 crore in the corresponding quarter of the previous year. The total income of the company during the quarter was Rs 25,268.56 crore as against Rs 24,022.62 crore in Q3 FY20, registering an increase of 5.19 per cent. The gross power generation of NTPC in Q3 FY21 was 65.42 billion units as against 61.21 Billion units during the corresponding period of previous year.

Minda Industries posts over two-fold jump in Q3 profit at Rs 121 cr

Auto components maker Minda Industries on Thursday reported an over two-fold jump in consolidated profit after tax at Rs 121 crore in the third quarter ended December 2020, riding on the continued growth momentum in the automobile industry fuelled by strong demand. The company, the flagship firm of the Uno Minda Group, had posted a consolidated profit after tax of Rs 53 crore in the same period last fiscal, Minda Industries said in a statement.

Icra conslidated net profit rises 8.6% to Rs 24.45 cr in December quarter

Ratings firm Icra on Thursday reported an 8.6 per cent rise in its consolidated net profit to Rs 24.45 crore in the third quarter ended December 2020. It had posted a net profit of Rs 22.52 crore during the same quarter a year ago. The consolidated total income in the quarter fell to Rs 88.74 crore as against Rs 91.03 crore in the same period previous fiscal, Icra said in a regulatory filing.

HPCL's consolidated net profit doubles to Rs 2,373.71 crore in Q3

Consolidated net profit of Hindustan Petroleum Corporation (HPCL) for the third quarter of 2020-2021 doubled to Rs 2,373.71 crore from Rs 1,027.23 crore in the year-ago period. The higher profit is on account of inventory, exchange gains, and higher sales. The public sector oil and gas company's consolidated total income increased to Rs 78,324.98 crore, up from Rs 75,048.60 crore in the same quarter of FY20

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