Stock market today: Nifty 50, Sensex fall; RIL, HUL among top drags; midcaps, smallcaps outperform
₹19,641 crore. The company's gross revenue rose by 3.2 per cent YoY to ₹2,48,160 crore led by continued growth momentum in consumer businesses. EBITDA for the quarter jumped 16.7 per cent YoY to ₹44,678 crore while the EBITDA margin rose 210 bps to 18 per cent.
Also Read: Reliance Q3 Results Highlights: Jio, Retail shine; O2C revenue declines; 5 key highlights from RIL Q3 earnings HUL posted a standalone net profit of ₹2,519 crore for the third quarter of FY24, a growth of just 0.55 per cent from ₹2,505 crore in the same quarter of last fiscal year. However, HUL’s Q3 net profit declined 7.28 per cent from ₹2,717 crore on a sequential basis. The company’s total revenue in Q3FY24 fell 0.38 per cent to ₹14,928 crore from ₹14,986 crore, YoY.
Revenue dropped 0.6 per cent from ₹15,027 crore in the September 2023 quarter. The company saw an underlying volume growth (UVG) of 2 per cent. Also Read: HUL share price drops over 2% after muted Q3 results; should you buy, sell or hold the stock? Nifty 50 opened at 21,706.15 against the previous close of 21,622.40 and touched its intraday high and low of 21,720.30 and 21,541.80 respectively.
The index closed at 21,571.80, down 51 points, or 0.23 per cent. Sensex opened at 72,008.30 against the previous close of 71,683.23 and touched its intraday high and low of 72,026.26 and 71,312.71 respectively. The 30-share pack closed 260 points, or 0.36 per cent, lower at 71,423.65, with 23 stocks in the red.
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