Q3 RESULTS

LIC Q2 net profit rises 49% to Rs9,444 cr

New Delhi: State-owned insurer LIC on Thursday reported a 49 per cent jump in net profit at Rs9,444 crore for the third quarter ended December 2023. India’s biggest insurer had a net profit of Rs6,334 crore in the year-ago period, according to a regulatory filing. Its net premium income rose to Rs1,17,017 crore in the third quarter of the current fiscal from Rs1,11,788 crore in the same period a year ago. LIC’s total income increased to Rs2,12,447 crore in the latest December quarter compared to Rs1,96,891 crore in the year-ago period.

Thermax net profit surges 88% to Rs237 cr

New Delhi: Thermax on Thursday posted nearly 88 per cent jump in consolidated net profit to Rs237.06 crore in the December quarter, mainly on the back of higher revenues.

Its consolidated net profit was Rs126.40 crore in the year-ago period, a BSE filing showed. Total income rose to Rs2,382.76 crore in the quarter from Rs2,091.57 crore a year ago. The company’s board approved additional capex of Rs45 crore to set up an ion exchange resin manufacturing plant at Jhagadia, Gujarat. As of December 31, the order balance for the quarter was Rs10,717 crore as compared to Rs9,859 crore in the previous fiscal,

up 9 per cent, it stated.

Zomato posts Rs138 cr net profit in Q3

New Delhi: Online food delivery firm Zomato Ltd on Thursday reported a consolidated net profit of Rs138 crore in the December quarter.

The company had posted a consolidated net loss of Rs347 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing. Consolidated revenue from operations in the third quarter of the ongoing fiscal stood at Rs3,288 crore as against Rs1,948 crore a year ago, it added. Total expenses were higher at Rs3,383 crore. The same was Rs2,485 crore in the corresponding period a year ago, the company said.

PFC Q3 net rises 20% to Rs6,294 cr

New Delhi: State-owned Power Finance Corporation on Thursday said it has posted an over 20 per cent rise in its consolidated net profit to Rs6,294.44 crore in the December quarter, on the back of higher revenues. The company’s consolidated net profit was Rs5,241.10 crore in the quarter ended on December 31, 2022, according to a BSE filing. Total income in the quarter rose to Rs23,593.40 crore from Rs19,662.65 crore in the same period a year ago.

Apollo Hospitals Q3 net rises 60% to Rs245 cr

New Delhi: Apollo Hospitals Enterprise on Thursday said it posted a 60 per cent increase in its consolidated profit after tax to Rs245 crore for the December quarter, on account of higher sales. The healthcare provider had reported a profit after tax (PAT) of Rs153 crore in the October-December quarter of the last fiscal. Revenues stood at Rs4,51 crore for the third quarter as against Rs4,264 crore a growth of 14 per cent year-on-year.