NTPC net almost flat at Rs 2,385.41 cr, declares interim dividend, bonus shares

State-run power giant NTPC posted a Rs 2,385.41-crore net profit in the December 2018 quarter, almost flat as compared to the year-ago period, mainly on account of higher fuel and borrowing costs. The company’s standalone net profit was Rs 2,360.81 crore in the corresponding period of the previous fiscal, the statement said. Its total income during the third quarter was Rs 24,308.01 crore, a rise of 15.27 per cent compared with Rs 21,087.84 crore a year ago. During the nine months up to December 2018 also, the company’s net profit was nearly flat at Rs 7,399.57 crore, compared with Rs 7,417.58 crore in the year-ago period. During the April-December 2018, NTPC’s total income was Rs 69,633.95 crore, an increase of 13.06 per cent as against Rs 61,590.12 crore in the year-ago period. The company has reported a net profit of Rs 10,343.17 crore for 2017-18 with total income of Rs 85,207.95 crore

Meanwhile, the company board in its meeting on Wednesday decided to pay interim dividend at a rate of 35.8 per cent (Rs 3.58 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2018-19. The dividend will be paid on February 14. The board also recommended to issue bonus shares in the ratio of 1:5 subject to the shareholders’ approval.

IOC net profit dives 90 pc in Q3

 State-owned Indian Oil Corp (IOC) on Wednesday reported 91 per cent plunge in December quarter net profit after it suffered inventory losses due to falling oil prices. The company logged a profit of Rs 716.82 crore, or Rs 0.76 per share, in the third quarter of 2018-19 financial year, showing a decline of 90.9 per cent year-on-year. In the year-ago period, the profit stood at Rs 7,883.22 crore, the company said in a regulatory filing. The turnover rose to Rs 1.6 lakh crore from Rs 1.32 lakh crore. As international oil prices slipped from a four-year high recorded in the early part of October, the company accounted for inventory losses as the value of fuel it held slumped. IOC said domestic fuel sales were up 3 per cent to 21.5 million tonne (MT) while its refineries turned almost 19 MT of crude oil into fuel in the quarter. This is compared with 18.23 MT crude throughput in October-December 2017.

LIC Housing Finance reports 25.5 pc jump in Q3 profit

Housing Finance on Wednesday reported 25.5 per cent jump in December quarter profit at Rs 596.31 crore, mainly due to higher interest income. The company’s profit was Rs 475.1 crore during the third quarter of 2017-18. As per a stock exchange filing, the company’s total income stood at Rs 4,439.21 crore in the reported quarter. Interest income increased to Rs 4,414.15 crore from Rs 3,586.74 crore in the year-ago period. Total expenses too widened to Rs 3,579.62 crore from Rs 2,907.90 crore in the third quarter of 2017-18.

Bajaj Auto Q3 profit up 20 pc to Rs 1,220.77 cr0re

Bajaj Auto on Wednesday reported 20.49 per cent increase in consolidated net profit at Rs 1,220.77 crore for December quarter 2018-19, on account of higher sales volume. The company had posted a net profit of Rs 1,013.16 crore in the same quarter of 2017-18. Total income during the reported quarter went up 19.49 per cent to Rs 7,879.34 crore as against Rs 6,595.22 crore in the year-ago period, Bajaj Auto said in a BSE filing. Total sales volume stood at 12,59,828 units, up 26 per cent as against 10,01,469 units in the same quarter of 2017-18, it said. The company’s domestic motorcycle sales in the third quarter stood at 6,44,093 units compared to 4,66,431 units in the year-ago period. The Pune-based company said total exports were at 5,24,717 units in the reported quarter as compared to 4,24,915 units in the same period last year, an increase of 23 per cent.

Jubilant FoodWorks Q3 net jumps 46.16% to Rs 96.5 cr

Jubilant FoodWorks on Wednesday reported 46.16 per cent jump in standalone net profit at Rs 96.5 crore for the quarter ended December 31, 2018, helped by increase in same-store sales growth of Domino’s Pizza.  The company had posted a net profit of Rs 66.02 crore during October-December quarter previous financial year.

JSW Energy Q3 net almost trebles to Rs 147.08 crore

 JSW Energy’s consolidated net profit nearly trebled to Rs 147.08 crore for quarter ended on December 31, 2018 compared to the year ago period, mainly on account of higher revenues. The company’s consolidated net profit in the quarter ended December 31, 2017 was Rs 50.55 crore, JSW Energy said in a regulatory filing. The total income of the company during the quarter under review stood at Rs 2,491.79 crore up from Rs 2,081.14 crore in the year-ago period. During April to December period of the current fiscal, the company’s net profit was Rs 678.70 crore compared to Rs 564.96 crore in the corresponding period last year. Total income during the nine month period was Rs 7,487.40 crore up from Rs 6,634.88 crore year-ago.