BPCL | State-owned company is likely to offer 80 lakh shares worth an estimated ₹450-500 crore through a block deal, CNBC Awaaz reported. The deal will see BPCL Trust for Investment divesting a portion of its shares through this transaction. The government officials and BPCL are likely to take the final call on the size and price of the block deal.
Bharat Electronics | State-run company said it has signed a contract of ₹2,167.47 crore plus taxes with the Indian Navy for the supply of a state-of-the-art indigenously designed and developed electronic warfare suite for use on-board warship. The company has also received additional orders worth ₹114.59 crore since the last disclosure on January 30, 2024, for the supply of SDRs, HD VLF receivers, EVMs, etc.
NALCO | State-owned company on Tuesday reported an 83.6% year-on-year jump in net profit at ₹470.6 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, NALCO posted a net profit of ₹256.3 crore. The company’s revenue from operations increased 1.5% to ₹3,346.9 crore against ₹3,297.2 crore in the corresponding period of the preceding fiscal.
Oil India | The company posted a net profit of ₹1,584.3 crore, up from ₹325.3 crore in the previous quarter. The company’s revenue during the quarter under review slipped 0.3% to ₹5,323.7 crore, down from ₹5,342.3 crore in the preceding quarter. The revenue from operations, however, was up 3.16% from the year-ago period.
IRCTC | The company reported a 17.4% jump in net profit on a year-on-year basis at ₹300 crore in the quarter ended December 31, 2023. The firm had reported a net profit of ₹255.5 crore a year ago in the same quarter. IRCTC revenue also surged 21.8% on a YoY basis to ₹1,118.3 crore in the quarter, compared to ₹918.1 crore it had posted in Q3FY23.
Deepak Nitrite | Speciality chemicals maker reported a 3.4% year-on-year decline in net profit at ₹202.1 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, the company posted a net profit of ₹209.1 crore. The company’s revenue from operations increased 0.9% to ₹2,009.2 crore as against ₹1,991.1 crore in the corresponding period of the preceding fiscal.
Prestige Estates | Realty firm on Tuesday reported a 1.9% year-on-year increase in net profit at ₹164.7 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Prestige Estates posted a net profit of ₹161.7 crore. The company’s revenue from operations declined 22.5% to ₹1,795.8 crore as against ₹2,317 crore in the corresponding period of the preceding fiscal.
Hindustan Copper | State-owned firm on Tuesday reported a 21.44% decline in consolidated net profit at ₹63 crore for the quarter ended December 31, 2023, due to lower revenue from operations. The company had posted a net profit of ₹80.20 crore for the year-ago period. Revenue from operations in the quarter dropped to ₹399.29 crore from ₹557.04 crore in the year-ago period.
Zee Entertainment | Media conglomerate reported a 140.74% year-on-year jump in net profit at ₹58.5 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Zee Entertainment posted a net profit of ₹24.3 crore. The company’s revenue from operations declined 3% to ₹2,045.7 crore against ₹2,108.8 crore in the corresponding period of the preceding fiscal.
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