The bottomline beat Street estimates which had pegged PAT around Rs 3,730 crore
Posts in category Business Standard
Ashok Leyand shares climb 5% after firm reports jump in Q3 profits (02-02-2023)
Shares of Ashok Leyand on Thursday climbed 5 per cent after the firm reported a multi-fold jump in its profit after tax for the third quarter ended December.
The stock climbed 5 per cent to Rs 155.10 on the BSE.
At the NSE, it advanced 4.94 per cent to Rs 155.
In a volatile trade, the 30-share BSE benchmark traded 48.36 points higher at 59,756.44.
Hinduja group flagship Ashok Leyand on Wednesday reported a multi-fold jump in its profit after tax at Rs 361 crore for the third quarter ended December, aided by robust sales.
The company had posted a profit after tax of Rs 6 crore in the October-December quarter of previous fiscal.
Revenues for the quarter stood at Rs 9,030 crore over Rs 5,535 crore in the year-ago period, the company said in a statement.
Ashok Leyland said its domestic Medium and Heavy Commercial Vehicle volume rose to 28,221 units, up 69 per cent, over the same period last year.
The company’s domestic LCV volumes for the third quarter rose to 16,405 units, up 15 p
Britannia soars 5% to hit record high on strong Q3 operational performance (02-02-2023)
The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY
ITC jumps 6% to scale new lifetime high ahead of Q3FY23 results (02-02-2023)
Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price increases
IndiGo Q3 preview: Airline to turn profitable amid healthy traffic, low ATF (02-02-2023)
The domestic air traffic capacity reached close to full capacity in Q3, while a pick up in international commercial flights provided the much needed relief to the aviation industry
Jubilant Food dips 13% in 2 days, hits lowest level since Dec’20 on weak Q3 (02-02-2023)
The stock hit 52-week low today after the historic high inflation in cheese and flour prices significantly impacted gross margins, which came in at 75.5%, lower by 213 bps year-on-year
Bank of Baroda Q3: What to expect from the lender’s Dec quarter result? (02-02-2023)
Bank of Baroda Q3 preview: Analysts said traction in deposits, margin trajectory, and update on appointment of new MD & CEO would be on investors’ radar
Oil prices climb as dollar slumps, OPEC+ keeps output cut policy (02-02-2023)
Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision
Gold, silver prices rise in early trade; yellow metal selling at Rs 57,820 (02-02-2023)
The price of 22-carat gold rose Rs 500 from yesterday’s close to Rs 53,000 per 10 grams
SBI Q3 profit may rise nearly 60% YoY; deposit growth could outrun peers (02-02-2023)
SBI Q3 preview: Brokerages believe the lender may report loan growth of 17-19 per cent year-on-year (YoY), in-line with industry growth