Q3 Results 2023: Natco Pharma, Kalpataru Power, Devyani International declare December quarter results - Highlights

Q3 Results 2023: More listed companies announced their December quarter results on Thursday. Among them were, Natco Pharma whose Q3FY23 net dipped by 22 per cent at Rs 62 crore while KPTL reopterd  a 58 per cent decline in its  net profit falls to Rs 109 crore for the reporting quarter. Devyani International Q3 net profit rose 7.6 per cent to Rs 71.03 crore.

Earlier today, HPCL, Voltas, Suzlon Energy, IOB reported profit while Voltas declared Rs 110 crore net loss. 

Natco Pharma Q3 Results 2023: net dips 22% at Rs 62 crore

Natco Pharma on Thursday said its consolidated net profit declined by 22 per cent to Rs 62 crore for the third quarter ended December 31, 2022.

The Hyderabad-based drug firm had reported a net profit of Rs 80 crore in the October-December quarter of last fiscal.

Total income of the company stood at Rs 513 crore in the period under review as compared with Rs 591 crore in the year-ago period that had a one-time licensing revenue.

The company's board, which met on Thursday, approved an interim dividend of Rs 1.25 per share for the quarter ended December 31, 2022.

Shares of the company ended 0.38 per cent down at Rs 529.10 apiece on the BSE.

KPTL Q3 Results 2023: net profit falls 58% to Rs 109 crore in December quarter

Kalpataru Power Transmission Ltd (KPTL) on Thursday said its net profit declined 57.9 per cent to Rs 109 crore during the December quarter, on increased expenses.

The company had clocked net profit of Rs 259 crore in the October-December quarter of preceding 2021-22 fiscal, KPTL said in a regulatory filing.

Its total income rose to Rs 4,006 crore from Rs 3,916 crore in the year-ago quarter.

At Rs 3,847 crore, total expenses were higher compared to Rs 3,766 crore a year ago.

KPTL is amongst the leading engineering, procurement, and construction (EPC) companies with proven experience and expertise spanning over three decades.

Devyani International Q3 Results 2023: net profit rises 7.6% to Rs 71.03 crore

Quick service restaurant operator Devyani International Ltd on Thursday reported a 7.63 per cent rise in consolidated net profit to Rs 71.03 crore for the third quarter ended December 2022.

The company, which is the largest franchisee of Yum Brands in India -- including Pizza Hut and KFC, had reported a net profit of Rs 65.99 crore in the year-ago period.

Its revenue from operations in the third quarter of the current fiscal rose 26.61 per cent to Rs 790.59 crore against Rs 624.42 crore in the year-ago period, Devyani International Ltd (DIL) said in a regulatory filing.

This was led by a "continued strong momentum in store additions and volume growth assisted performance," DIL in its earnings statement.

DIL's total expenses in the latest quarter were 29.02 per cent higher at Rs 725.10 crore year-on-year.

The company "continued the momentum in new store additions opened 81 net new stores in Q3 FY23, taking the total count to 1,177 as of 31st December 2022," it said.

It was operating 103 stores of Costa Coffee as of December 2022.

DIL also operates 36 stores of KFC in Nigeria and 21 stores of KFC and Pizza Hut in Nepal.

Its Chairman Ravi Jaipuria said innovation remains a strong pillar of growth strategy across the brands' portfolio.

"We remain bullish on our brands and the Indian market. We believe that the current consumer demand slowdown is transient and once inflation stabilises, we expect consumer spending to improve, which will help our businesses.

"In the meantime, we remain focused on refining our processes, maintaining product quality and enhancing our execution capabilities," he said.

Shares of DIL closed at Rs 159.25 apiece on BSE, up 0.25 per cent from the previous close.