Reuters India Business

(Reuters) – India’s J B Chemicals & Pharmaceuticals reported a bigger third-quarter profit on Tuesday, helped by sustained domestic demand for its drugs for chronic and acute conditions. The drugmaker’s consolidated net profit rose 22% from a year ago to 1.62 billion rupees ($18.6 million) in the quarter, in line with analysts’ average estimate, as …

India’s JB Chem and Pharma meets Q3 profit view on steady domestic demand Read More »

(Reuters) – India’s PC Jeweller posted a profit in the third quarter on Tuesday, driven by demand for jewellery during the festival and wedding season. The company posted a consolidated net profit of 1.48 billion rupees ($17 million) in the quarter ending Dec. 31, compared with a loss of 1.98 billion rupees a year earlier …

India’s PC Jeweller posts profit in Q3 on strong festive demand Read More »

(Reuters) – India’s Thermax reported third-quarter profit below market expectations on Tuesday, hurt by a weak order book and higher expenses. The industrial machine maker’s consolidated net profit fell 51% to 1.16 billion rupees ($13.33 million) in the quarter, from 2.38 billion rupees a year ago, which included a one-off gain of 1.26 billion rupees …

India’s Thermax misses Q3 profit estimates as orders slow down Read More »

(Reuters) – India’s Kajaria Ceramics reported a third-quarter profit that missed analysts’ estimates on Tuesday as its margins came under pressure due to soft demand for its tiles in a seasonally weak quarter. The company’s consolidated net profit dropped more than 25% to 777.4 million rupees (nearly $9 million) in the quarter, falling short of …

India’s Kajaria Ceramics misses profit estimates as tepid demand drags margins Read More »

(Reuters) – India’s Bajaj Electricals, whose home appliances range from kitchen appliances to LED lights, on Tuesday reported third-quarter revenue above analysts’ estimates, helped by decent demand during a period that included many festivals. The company’s revenue from operations increased 5% to 12.90 billion rupees ($148.20 million), marginally above analysts’ average estimate of 12.86 billion …

India’s Bajaj Electricals beats Q3 revenue estimate as festivals boost demand Read More »