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SBI Q3 result: Net profit soars 69% YoY to Rs 14,205 crore, beats estimates:

State Bank of India (SBI), reported a 68.5% year-on-year surge in net profit for the Q3FY23. The bank reported standalone net profit of Rs 14,205 crore in the recently concluded quarter as against net profit of Rs 8,432 crore in Q3FY22.On a quarter-on-quarter basis, the profit rose 7 % from PAT of Rs 13,265 crore reported in the September quarter of this financial year.SBI's net interest income stood at Rs 38,069 crore. This was 24 per cent higher than NII of Rs 30,687 crore of last year. NII in Q2FY23 was Rs 35,183 crore. Net interest margin for the lender increased by 29 bps YoY to 3.69 per cent.

Divi's Labs Q3 result: Net profit falls 66% YoY to Rs 307 crore:

In Q3FY23, Divis Labs reported a 66 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 306.80 crore, on higher than expected fall in revenue. The company’s consolidated revenue came 31.5 per cent lower to Rs 1,707.68 crore as against analyst’s expectation of around Rs 1,888 crore. ICICI Securities had expected the net profit to de-grow 40 per cent YoY to Rs 541 crore. EBIDTA was down 63% YoY to Rs 408 crore from Rs 1,097 crore in the yearago period. EBITDA margins contracted sharply to 23.9% from 44% in Q3FY22.

ITC Q3 Results: Profit rises 21% YoY to Rs 5,031 crore; dividend declared at Rs 6/share:

ITC has registered a 21 percent year-on-year growth in profit at Rs 5,031 crore for the quarter ended December FY23 despite tepid revenue growth, supported by healthy operating performance. Revenue for the quarter at Rs 16,226 Cr grew by 2.3 percent aided by cigarettes, FMCG, hotels, and paper segments, but agribusiness tanked 37 percent YoY to Rs 3,124 Cr. EBITDA jumped 22 percent to Rs 6,223 crore with the margin expanding by 620 bps compared to the year-ago period. Cigarette sales in the quarter rose nearly 17% on year to Rs 7,288.22 Cr. The non-cigarette FMCG business reported an 18.4% YoY growth in revenue to Rs 4,841.40 Cr.

Paytm Q3 results: Net loss narrows to Rs 392 crore, revenue rises 42%: The digital payments platform Paytm operator reported a consolidated loss of Rs 392 crore for the quarter ended December FY23, falling from a loss of Rs 778.5 crore in the year-ago period and a loss of Rs 571.5 crore in the previous quarter. Consolidated revenue from operations at Rs 2,062 crore for the quarter grew by 42 percent YoY and up 7.7 percent sequentially. Merchants paying subscriptions for payment devices stood at 5.8 million during the quarter, up by 3.8 million YoY, while in Q3FY2023, the number of loans disbursed through the platform grew to 10.5 million, up 137 percent YoY, and the value of loans disbursed grew to Rs 9,958 crore, a growth of 357 percent YoY

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