Coal India: The company reported a 17% increase in its consolidated net profit at ₹9,069 crore for the quarter ending on December 31, 2023, compared to ₹7,755 crore recorded in the corresponding period last year. Revenue from operations experienced a modest 3% year-on-year growth at ₹36,154 crore in Q3FY24, as opposed to ₹35,169 crore reported during the same period last year. The board has also announced a second interim dividend of ₹5.25 per share for FY24.
Eicher Motors: The company is likely to report robust Q3FY24 results, with solid double-digit net profit growth and high single-digit revenue growth, aided by strong sales volumes in Royal Enfield bikes and its commercial vehicles portfolio, when it announces its third-quarter results on Tuesday, February 13. According to analyst estimates, Eicher Motors is expected to announce a 29.49% YoY increase in consolidated net profit at ₹959.28 crore. Revenue is likely to have jumped 8.24% to ₹4,027.74 crore.
EBITDA margin is also expected to rise by 319 bps to 26.19 percent. Steel Authority of India: The PSU's consolidated net profit droppped 22% at ₹422.92 crore for the December quarter, compared to the ₹542.18 crore recorded in the same quarter last year. Revenue from operations for the quarter stood decreased 6% to ₹23,348.64 crore, from ₹25,042.10 crore a year ago, SAIL said in an exchange filing on February 12.
Crude steel production in the quarter came in at 4.75 million tonne versus 4.71 million tonne reported in the same quarter last year. The public sector unit also declared an interim dividend ₹1 per equity share of ₹10 each. Mazagon Dock Shipbuilders: The company saw its net profit jump 76% YoY to ₹592 crore in Q3FY24.Read more on livemint.com