Q3 RESULTS

IndiGo profit doubles to Rs 2,998 cr

New Delhi: IndiGo’s parent InterGlobe Aviationon on Friday reported more than doubling of its profit after tax to Rs 2,998.1 crore in the three months ended December 2023, as it remained profitable for the fifth straight quarter. In the year-ago period, the profit after tax stood at Rs 1,422.6 crore. “For the third quarter of financial year 2024, we reported a profit after tax of 30 billion rupees with a profit after tax margin of 15.4 per cent. With these 5 consecutive quarters of profit we continue to recover from the losses of Covid and have now become net worth positive again,” IndiGo CEO Pieter Elbers said in a release.

Zoho reports Rs 8,703 cr revenue

New Delhi: Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30 per cent (year-on-year). The Sridhar Vembu-led Zoho’s consolidated net profit was at Rs 2,836 crore, which increased marginally by 3 per cent (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).

NIIT net profit marginally up at Rs 14.3 cr

New Delhi: IT training company NIIT on Friday reported a 0.56 per cent increase in its consolidated net profit to Rs 14.36 crore for the December 2023 quarter. Its profit stood at Rs 14.28 crore in the year-ago period. Sequentially, it rose 34.96 per cent against Rs 10.64 crore. The revenue from operations declined by 8.59 per cent to Rs 85.17 crore in the third quarter from Rs 93.18 crore in the year-ago period, according to a regulatory filing.

Sundram Fasteners PAT Rs116.19 cr

Chennai: Boosted by other income, automotive component major Sundram Fasteners Ltd closed the third quarter with a higher net profit of Rs 116.19 crore on a lower revenue from operations. The company suffered a loss of Rs 7 crore due to the Chennai floods in December 2023. In a regulatory filing on Friday, the company said for the quarter ended 31.12.2023, it had earned an operational revenue of Rs1,180.62 crore (Q3FY23 Rs1,226.87 crore) and an after tax profit of Rs.116.19 crore.

JSW Infra posts 2-fold jump in Q3 net

New Delhi: JSW Infrastructure on Friday reported a more than two-fold jump in its consolidated net profit to Rs253.57 crore in the October-December quarter of this fiscal, driven by higher income. The country’s second-largest private port operator posted a net profit of Rs116.38 crore during the October-December period of 2022-23.