Bharti Airtel’s consolidated net profit rose 91% to ₹1,588.2 crore for the quarter ended December 2022, missing estimates, but down by 26% from September quarter’s profits of ₹2,145 crore, on the account of the exceptional charge of ₹501 crore of a license fee of one of the group’s subsidiaries. Revenues also missed estimates, rising by more than 20% on-year to ₹35,804 crore with more 4G customer additions coupled with sustainable growth in postpaid and enterprise segments. Hero MotoCorp on Tuesday posted a net profit of ₹711 crore for the October-December quarter (Q3FY23), as compared to ₹686 crore during the same quarter last year, recording an increase in revenue of 1.8 per cent. Adani Ports & Special Economic Zone Ltd. will repay a debt of around 50 billion rupees ($604.6 million) as tycoon Gautam Adani takes steps to improve a leverage metric and corporate governance. ONGC is in talks with global oil majors to new technologies in its aggressive exploration push in the deep waters of India. Vodafone Idea on Tuesday said that the company’s board of directors has approved the allotment of 16,133,184,899 equity shares to the government. Bayer CropScience Ltd (BCSL) on Tuesday posted a 58.60% increase in its net profit for the December quarter of the fiscal year 2023 at Rs134.5 crore. Adani Green on Tuesday reported a net loss of ₹127 crore for the quarter ended December 2022. Astral Pipes announced its Q3 earnings along with a 1:3 bonus share issuance. Adani Total Gas Ltd., one of India’s largest distributors of natural gas, said its expansion and spending plans remain unchanged. JK Lakshmi Cement on Tuesday signed an agreement with Amplus Solar to set up a 56 MWp solar power plant for its Durg facility, located in Chhattisgarh.
Today: December 4, 2023