The joint net profit of Adani Enterprises declined by 96.9 per cent in the third quarter ended October-December 2024. The company’s coal business and mining business sales declined, there was pressure on profits. The company has registered a huge increase in financial costs. The company said the quarterly results include the impact of Forex to Market Damage in Financial Cost of Mining in Australia due to weakness in Australian dollars.
During the quarter, the company earned a net profit of Rs 58 crore while the figure was Rs 1,888 crore in the same period last year. During this period, the revenue declined by 8.8 per cent to Rs 22,848 crore. Financial costs in the quarter also increased to Rs 2,141 crore, which is more than three times compared to Rs 597 crore a year ago. On a quarterly basis, the company’s net profit decreased by 96.7 per cent and revenue increased by 1.1 per cent. The company’s PBIDT remained flat at Rs 3,723 crore on an annual basis.
In its report to investors, the company has said that the income of its old businesses was affected due to Integrated Resources Management (IRM) business weakness and market loss in foreign currency. The IRM company has a business related to coal mining and business segment, which was less than Rs 16,021.04 crore in a year ago. The company’s commercial mining business also suffered a loss of Rs 419.52 crore as against Rs 274.01 crore a year ago.
Adaani Ports profit increased by 14 percent to Rs 2,518 crore
The integrated net profit of Adani Ports and Special Economic Zone (APSEZ) has increased by 14 percent to Rs 2,518.39 crore in the October-December quarter of the current financial year. The company said that its profits have increased due to increase in income. The net profit of the company was Rs 2,208.21 crore in the same quarter of the last financial year. APSEZ told the stock market that its total income increased to Rs 8,186.90 crore in the third quarter of the current financial year, which was Rs 7,426.95 crore in the same quarter of the previous financial year. The company’s total expenditure increased to Rs 5,190.53 crore in the December quarter, which was Rs 4,588.10 crore in the same quarter of the previous financial year.
36 percent jump in Gayle’s profit in December quarter
The net profit of public sector gas company Gayle (India) Limited has increased by 36 percent in the December quarter of the current financial year. The company said that despite the agreement, he got a lump sum benefit due to compensation received from a foreign LNG supplier to not supply goods. India’s largest gas transport and marketing company gave this information to the stock markets.
The company recorded a single net profit of Rs 3,867.38 crore in the October-December quarter of FY 2024-25. A year ago, this figure was Rs 2,842.62 crore in the same period. Gayle’s operational revenue in the quarter under review remained almost stable at Rs 34,957.76 crore. During this period, all three major commercial areas – natural gas and LPG transport services, natural gas marketing and petrochemicals reported the same revenue as last year.
Dabur’s net profit increased by 1.85 percent to Rs 516 crore
The integrated net profit of everyday consumption (FM CG) company Dabur India increased by 1.85 percent to Rs 515.82 crore in the third quarter of the current financial year. The company had earned a net profit of Rs 506.44 crore in the same quarter of the last financial year. The company’s operational income increased by three percent to Rs 3,355.25 crore in the quarter under review, which was Rs 3,255.06 crore in the same quarter of the previous financial year.
Tata Consumer profit declined by 6.5 percent to Rs 282 crore
The integrated net profit of Tata Consumer Products Limited (TCPL), the major company making everyday consumption goods (FMCG), declined by 6.5 percent to Rs 281.92 crore in the third quarter ended December 2024. TCPL has given this information to the stock markets. The company earned an integrated net profit of Rs 301.51 crore in the October-December quarter a year ago. The company’s operational income increased by 16.81 percent to Rs 4,443.56 crore during the quarter under review. It was Rs 3,803.92 crore in the same period of a year ago. It became crores of rupees.
Dr. Lal Pathlabs gained after 19 percent and revenue increased by 10.7 percent
The country’s largest diagnostic series Dr. Lal Pathlabs recorded an increase of 19.3 per cent in the Garh Profit (PAT) during the third quarter of FY 25 and it increased to Rs 98 crore. Its revenue increased by 10.7 percent to Rs 597 crore. Ebita increased by 9.6 percent to Rs 443 crore during the quarter. The company said that volume -based growth has been achieved through deep penetration in the main markets and coordinated expansion in new areas in the west and south. During the third quarter of FY 25, the Western region contributed 15 percent to the total revenue of this Delhi company.