Q3 Results

Network18 Posts Rs 1,360 Cr Revenue

New Delhi: Network18 Media & Investments Ltd has reported a loss of Rs1,400 crore in the December quarter while its revenue from operations was Rs1,360.50 crore, which is not comparable with the year-ago period due to the merger of its subsidiary Viacom18 with Star India. It reported a Rs25.68 crore profit before exceptional items.

However, on a consolidated basis, it faced a loss of Rs1,425.73 crore, due to the derecognition of its subsidiaries, which has been accounted on a provisional basis during the quarter. “Accordingly, the figures for the corresponding previous periods are not comparable,” it said on Tuesday. On a standalone basis, Network18 Media & Investment’s revenue from operations was at Rs476.41 crore during the quarter and its profit was at Rs3,431.94 crore, helped by exceptional gains.

Oriental Hotels report Q3 PAT at Rs 13.99 cr

Chennai: Oriental Hotels Ltd has reported a profit after tax of Rs13.99 crore for the quarter ending December 31, 2024, the company said on Wednesday. Oriental Hotels Ltd reported a profit after tax of Rs16.43 crore during the corresponding quarter of last year. Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd manages several hotels including the Taj Coromandel, Chennai, Taj Fisherman’s Cove Resort and Spa, Chennai, among others.

Revenue during the quarter under review surged to Rs122.05 crore from Rs106.07 crore registered during the same period of last year. “In Q3FY25, OHL has reported an operating revenue of Rs121 crore, a growth of 20 per cent over the previous year. Led by an increase 11 per cent increase in average room rate resulting in an operating EBITDA of Rs34 crore, a growth of 22 per cent.”, Oriental Hotels Ltd Managing Director and CEO Pramod Ranjan said.

BoM Q3 profit rises 36% to Rs 1,406 cr

New Delhi: State-owned Bank of Maharashtra (BoM) on Wednesday posted a 36 per cent rise in net profit to Rs1,406 crore in the third quarter ended December 2024 with rising interest income. The Pune-based lender had posted a net profit of Rs1,036 crore in the October-December period a year ago. Total income increased to Rs7,112 crore during the quarter under review against Rs5,851 crore in the same period previous year, BoM said in a regulatory filing.

The bank earned an interest income of Rs6,325 crore during the quarter compared to Rs5,171 crore a year ago. The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.80 per cent of the gross loans by the end of December 2024 from 2.04 per cent in the year-ago period. Similarly, net NPAs or bad loans came down to 0.2 per cent from 0.22 per cent at the end of the third quarter of the previous fiscal.