Overview
- LTIMindTree posted a 11.7% year-on-year drop in Q3 consolidated profit to Rs 959.6 crore as a one-time labour code charge hit earnings, while revenue rose 11.6% to Rs 10,781 crore.
- Tata Capital reported a 20.4% jump in consolidated profit to Rs 1,264.7 crore with net interest income up 20.5%, and assets under management rising 26% to Rs 2,34,114 crore.
- CEAT’s Q3 profit surged 60.4% to Rs 155.8 crore on 26% higher revenue of Rs 4,157 crore, and the board cleared Rs 1,314 crore of capital spending for its Chennai plant.
- UPL’s subsidiary Advanta Enterprises filed a draft prospectus for an IPO consisting entirely of an offer for sale of 3.61 crore shares, including 2.81 crore shares from UPL.
- HPCL signed a 10-year LNG sale and purchase agreement with Abu Dhabi Gas Liquefaction Company for supplies to its 5 mtpa Chhara terminal in Gujarat.