Jan 20 Overview: Q3 Results of Three Industry Heavyweights

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Jan 20 Overview: Q3 Results of Three Industry Heavyweights
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Hindustan Unilever Ltd (NS: HLL )

The FMCG major posted a 16.8% rise in standalone net profit at Rs 2,243 crore on a YoY basis, while its total revenue, comprising other income advanced 10.2% YoY to Rs 13,183 crore in the Dec-ending quarter, both (figures) surpassing the Street’s expectations.

The company’s EBITDA margin climbed 100 bps to 25.4% YoY and its sales from products grew 10.4% to Rs 12,900 crore, YoY, and other operating revenue jumped a whopping 1,500% to Rs 192 crore.

HUL’s management continues to remain confident of the Indian FMCG sector’s medium to long term potential, along with the company’s ability to deliver consistent, competitive, profitable and responsible growth.

The company’s shares ended 2.08% lower at Rs 2,261.8 apiece on Thursday.

Asian Paints (NS: ASPN )

The paints major reported a weak consolidated net profit for the quarter ending December, falling 18% to Rs 1,015.69 crore YoY even though its revenue from operations surged 25.6% YoY to Rs 8,527.24 crore in the period.

The company’s automotive coatings business affected its profit figures, led by the challenges in the auto sector, along with steep inflationary pressures on raw material prices.

Shares of the company climbed 0.79% as the session ended.

Bajaj Finserv (NS: BJFS )

The financial services company reported a 2.6% decline in consolidated net profits to Rs 1,256 crore YoY in Q3, while revenue from operations rose 10.2% to Rs 17,589 crore YoY. Due to the emergence of the Omicron variant in Dec, the company’s business bent forward.

The quarter saw a 23% rise in new numbers of loans booked to 7.44 million YoY.

The company’s shares tanked 4.53% on Thursday.

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  • Dinesh Kumar @Dinesh Kumar
    HUl ready to fly... fasten seatbelt
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  • Sunil Sunil @Sunil Sunil
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