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Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore:

The consolidated profit of Adani Enterprises in the quarter ending December (Q3FY23) was Rs 820 crore improving from a loss of Rs 11.63 crore a year ago. Revenue from operations for the flagship firm of the Adani Group increased 42 per cent to Rs 26,612.23 crore. The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22. It was, however, lower than the net profit of Rs 469.20 crore in Q2FY23. The revenue of the firm was Rs 12,142.15 crore. EBIDTA increased by 101 per cent to Rs 1,968 crore.

Eicher Motors Q3 Results: Profit surges 62% YoY to Rs 741 crore:

Company posted 62% growth in consolidated net profit at Rs 741 crore for the quarter ended December 2022. The same was Rs 456 crore in the year-ago period. The profit was largely in line with the estimated the figure at Rs 738 crore. Revenue from operations surged 29% to Rs 3,721 crore for the third quarter under review against Rs 2,880 crore in the corresponding quarter of last year. The company's EBITDA surged 48% to Rs 857 crore during the December quarter. It was Rs 580 crore a year ago. The company has sold about 5.40 lakh units of models with engine capacities up to 350cc in the April-December period, up 54% compared with the same period last yearFor, models exceeding 350cc, the sales surged 16% to 75,781 units in the nine months period ending December as against 65,094 units in the same period of the previous year. Total sales during the same period jumped 48% to 6.16 lakh units as against 4.16 lakh units a year ago.

Bharat Forge Q3 Results: Profit Falls, Misses Estimates:

The company's consolidated net profit fell 96% to Rs 78.7 crore in the quarter ended December, according to its exchange filing. Revenue rose 40% to Rs 3,353.4 crore, against estimates of Rs 3,091.5 crore. Ebitda fell 6% to Rs 469.3 crore, compared with the forecast of Rs 511.6 crore. Ebitda margin stood at 14%, as against 21% last year and an estimate of 16.5%. The sharp contraction in margin was due to higher raw material, finance, and employee costs. Total expenses rose 52% year-on-year, compared to a 40% rise in revenue.

Grasim Q3 Results:

Net profit jumps 44% YoY to Rs 2,516 crore Grasim Industries reported 44% growth in consolidated net profit at Rs 2,516 crore for the December quarter, compared with Rs 1,746 crore in the last year period. Revenue from operations, meanwhile, jumped 17% YoY to Rs 28,638 crore in the December quarter against Rs 24,402 crore in the corresponding quarter of last year. For the nine-month period ending December, consolidated net profit rose 17% year-on-year (YoY) to Rs 5,458 crore, and revenues surged 26% over the previous year period to Rs 84,165 crore.

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