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The results, announced after market hours, exceeded street expectations for both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). In fact, the ITC scrip gained 0.72% to close at Rs 266.5 on the Bombay Stock Exchange on Wednesday, when the Sensex closed at a decline of 0.2%.
Mahindra Finance Q3 Results: Net profit declines 12% YoY to Rs 553 croreOn a consolidated basis, the company's net income declined 6% to Rs 623 crore from Rs 664 crore and the total income rose 23% to Rs 4,137 crore. Last year, the write-back provision was higher, and given the improving asset qu… Read MoreDixon Technologies Q3 Results: Net profit soars 86% YoY to Rs 97 croreThe company’s revenue from mobile phone manufacturing grew a sharp 251% on-year to Rs 3214 crore in the quarter ended December 2023, from Rs 915 crore a year before. Operating profit in this segment surged 215% on-year to Rs … Read MoreFino Payments Bank Q3 Results: Firm posts net profit of Rs 23 croreIts revenue for the quarter was 18% higher at Rs 370 crore while EBITDA expanded by 30% to Rs 50.5 crore. Overall throughput value grew by 42% year-on-year to Rs 93,323 crore while digital throughput within it grew 184% to Rs… Read MoreGrasim Industries’ ₹4,000-crore rights issue subscribed nearly 2 timesThe flagship company of the Aditya Birla group had set the price for the rights issue at Rs 1,812 per share, with shareholders entitled to six rights equity shares for every 179 that they held in the company as on January 10.… Read MoreLondon stocks slip after BoE stands pat on ratesThe blue-chip FTSE 100 was down 0.1%, but was up as much as 0.6% before the central bank's decision. British government bond yields rose and the pound cut some of its earlier losses.
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