Patel Engineering profit grows to Rs 70 cr
New Delhi: Patel Engineering Ltd (PEL) has reported a multi-fold jump in its consolidated net profit to Rs 70.2 crore during the quarter ended December 2023, supported by higher income. It had clocked a net profit of Rs 19.4 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company’s total income rose to Rs 1,076.1 crore from Rs 980.6 crore a year ago. Expenses stood at Rs 1,030.9 in the reporting quarter as against Rs 940.5 crore in the third quarter of last fiscal.
Coworking firm EFC (I) profit jumps 10-fold
New Delhi: Co-working firm EFC (I) Ltd’s consolidated net profit jumped nearly 10-fold to Rs 21.17 crore for the quarter ended December. Its net profit stood at Rs 2.14 crore in the year-ago period. The consolidated revenues grew to Rs 173.69 crore during the October-December period of this fiscal as against Rs 26.38 crore in the corresponding period of this fiscal year, EFC (I) said in a statement on Monday.
TCI Express posts Rs 32 cr net profit
New Delhi: TCI Express on Monday reported flat standalone net profit of Rs 32.19 crore for the December quarter. The company had posted standalone net profit of Rs 32.02 crore in the year-ago period. The standalone total income from operations of the company in the third quarter of the ongoing fiscal dropped marginally to Rs 313.83 crore from Rs 315.72 crore in the year-ago period, TCI Express said in a filing to the BSE.
Bandhan bank biz grows by 17%
New Delhi: Bandhan Bank’s total business grew by 17 per cent, at 2.33 lakh crorefor Q3 of FY24. The bank’s share of retail to total deposits now stands at 71 per cent. The growth witnessed in the quarter has been driven by its expansion in distribution and the favourable operating environment. The bank has 26 branches acrossthecountry. It now serves more than 3.26 crore customers through 6,250 banking outlets in India.
Bharat Forge net up 31%
New Delhi: Auto components major Bharat Forge on Monday said its profit after tax increased by 31 per cent to Rs 378 crore for the third quarter ended on December 31, 2023.
The company had reported a profit after tax (PAT) of Rs 289 crore in the October-December period of last fiscal. Total revenue rose to Rs 2,263 crore for the period under review as against Rs 1,952 crore in the year-ago period, Bharat Forge said.
