Bandhan Bank, NTPC, PNB to Zomato — these companies to announce Q4 results today
8 min read 19 May 2023, 08:33 AM ISTQ4 results today: A good number of companies like Alkem Lab, Muthoot Finance, Gati, Godrej Properties, Cochin Shipyard, Dalmia Sugar, Delhivery, Dilip Buildcon, JSW Steel, etc. are going to declare its Q4FY23 earnings on Friday
PremiumQ4 results today: Both positional retail investors and market observers eagerly wait for the quarterly numbers of its portfolio stocks as it helps them understand fundamentals of the company and its financial conditions. Company results also help positional investors and shareholders of the company to check viability and sustainability of the business model of a listed company. So, retail investors wait for the quarterly results of the companies belonging to its stock portfolio and the company they are zeroing on as a potential bet for future.
For such retail investors and stock market observers, there is a piece of stock market news as a good number of listed companies of well repute are going to declare its Q4 results today. Companies that are going to announce its fourth quarter results for the financial year 2022-23 includes Abbott India. Aditya vision. Allkem Lab, Bandhan Bank, Muthoot Finance, Cochin Shipyard. Dalmia Sugar, Delhivery, Dilip Buildcon. Gati, Glenmark Pharmaceuticals, Godrej Industries, Hindustan Copper, JSWSteel, Minda Corp, MindTech, NTPC, PNB, RateGain Travel, Star Cement, Talbros Engineering, Va Tech Wabag, Vinati Organics, Welspun Enterprises, etc.
Here we list out Q3 results of some important companies that are going to declare its Q4 results today:
Bandhan Bank Q3 results
In Q3FY23, Bandhan Bank posted a net profit of ₹290.6 crore down by a whopping 66 per cent YoY, while net interest income (NII) fell 2 per cent YoY during the quarter to ₹2,080.4 crore. On the other hand, the bank's provisions shot up to ₹1,541 crore in Q3FY23 versus ₹806 crore year-on-year. Gross NPA was muted at 7.2 per cent in Q3 of the current fiscal quarter-on-quarter but dropped from 10.8 per cent in Q3FY22.
PNB Q3FY23 results
State-owned Punjab National Bank reported 44 per cent decline in net profit to ₹628.88 crore for the December 2022 quarter. This was against a net profit of ₹1,126.8 crore in the year ago period. On a sequential basis, PNB's net profit was up by 53.04 per cent from ₹411.27 crore in September 2022 quarter. The net interest income which is the difference between interest earned and interest expended, was up by 17.6 per cent to ₹9,179.4 crore as against ₹7,803.2 crore in the corresponding quarter last fiscal.
NTPC quarterly results for Q3FY23
State-run NTPC (National Thermal Power Corporation) reported a 4.9 per cent increase in its consolidated net profit for the quarter ended December at ₹4,854.36 crore. During the same quarter of last fiscal (FY22), the company had registered a net profit of ₹4,626.11 crore. NTPC reported 34 per cent increase in revenue from operations to ₹44,601.84 crore.
Muthoot Finance Q3 results
Largest gold loan NBFC, Muthoot Finance garnered a net profit of ₹902 crore in the third quarter of FY23, compared to a profit of ₹1,029 crore in the same quarter a year ago, registering a growth of 12 per cent. The gold loan NBFC's consolidated loan assets stood at ₹65,085 crore in Q3FY23, and it registered a growth of 7 per cent YoY. Consolidated Profit after Tax grew 4 per cent and stands at ₹934 crores for Q3FY23.
Zomato Q3FY23 results
Foodtech giant Zomato Ltd's consolidated loss widened to ₹346.6 crore on-year for the quarter ended December (Q3FY23) as against a loss of ₹63 crore in the year-ago period. The online food delivery platform had posted a net loss of ₹250.8 crore in the previous September quarter.
Revenue from operations rose 75 per cent to ₹1,948 crore for the December quarter as compared to ₹1,112 crore in the corresponding period of last year. On a sequential basis, revenue improved by 17 per cent as against ₹1,661 crore reported for Q2FY23.
