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Titan Q3 net profit up 12% to Rs 530 cr as jewellery division sparkles

Buoyed by growth in the jewellery division, Titan Company on Wednesday posted an 11.8 per cent increase in consolidated net profit at Rs 530 crore for the third quarter ended FY21. The company had posted a net profit of Rs 474 crore in the corresponding period a year ago. Consolidated revenue during the quarter stood at Rs 7,659 crore, up 16.9 per cent against a revenue of Rs 6,550 crore in the year-ago period, the company said in a BSE filing.

Eveready records Rs 50.43 cr profit in Dec qtr on volume growth, price hike

Eveready Industries India has recorded a net profit of Rs 50.43 crore in the quarter ended December, on the back of an increase in turnover growth of batteries and flashlights with higher gross margins due to price increases and volume growth. In the same period last year, net profit stood at Rs 90.60 crore, which had however, included an exceptional gain of Rs 89.55 crore from sale of land in Chennai. Profit before tax before exceptional items in the December quarter increased by 183 per cent to Rs 61.14 crore from Rs 21.58 in the year ago period.

SpiceJet posts Rs 67 cr net loss in Q3 vs Rs 78 cr profit a year ago

SpiceJet posted Rs 66.7 crore consolidated net loss in third quarter of FY21 as the aviation and travel sector continues to face the adverse impact of the Covid-19 pandemic. In the same quarter last year, the airline had posted a net profit of Rs 77.9 crore. While revenue from operations halved, SpiceJet benefitted due to Rs 209 crore of other income. This included claims due from aircraft manufacturer Boeing towards grounding of 737 Max aircraft and concessions in lease rent from lessors. Total income for the reported quarter halved to Rs 1,901 crore from Rs 3,926 crore in same period last year.

Schneider Electric Infrastructure net profit up 11 pc in December quarter

Schneider Electric Infrastructure on Wednesday posted an 11 per cent rise in net profit at Rs 33.33 crore for the quarter ended December 2020. The net profit of the company stood at Rs 30.02 crore in the corresponding period of the previous fiscal, it said in a BSE filing. Total income of the firm was Rs 474.15 crore in the quarter, down from Rs 487.85 crore in the same period a year ago.

Hindalco consolidated third quarter profit soars 77% to Rs 1,877 cr

Hindalco Industries on Wednesday reported 76.74 per cent growth in consolidated profit after tax (PAT) at Rs 1,877 crore during the quarter ending December 31, 2020, compared to the same quarter of the previous financial year mainly driven by strong performance by Novelis and India aluminium business. The company's PAT during the third quarter of 2019- 20 stood at Rs 1,062 crore, Hindalco said in a BSE filing. The consolidated revenue from operations of Hindalco for the quarter under review went up by 19.73 per cent to Rs 34,958 crore compared to Rs 29,197 crore in the corresponding quarter of FY20.

ABB India net profit slips 4% in Dec qtr, declares Rs 5/share dividend

ABB India on Wednesday reported over 4 per cent decline in its net profit to Rs 62 crore for December quarter. Its net profit was Rs 65 crore in the quarter ended December 2019, the company said in a statement. The company follows January to December financial year. Its revenues declined to Rs 1,701 crore in the quarter from Rs 1,953 crore in the same period a year ago.

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