Q3FY22 Results: Route Mobile, TCI, India Grid, Laurus Labs, BHEL Announce December Quarter Results – Details Here!

Many listed companies announced their Q3FY22 results on Thursday. Among the companies that announced December quarter results are Route Mobile Limited, Transport Corporation of India Limited (TCI), India Grid Trust (IndiGrid), Laurus Labs Limited and Bharat Heavy Electricals Limited (BHEL).

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Laurus Labs Q3 net down 43pc to Rs 155cr

Business communication services company Route Mobile on Thursday posted a 28.33% increase in its consolidated profit to Rs 48.27 crore for the third quarter ended December 31, 2021.
The company had posted a profit after tax of Rs 37.62 crore in the same period a year ago.

Operating revenue increased to Rs 567.49 crore in the quarter from Rs 393.52 crore a year ago.

The company’s board of directors has approved the reappointment of Rajdipkumar Gupta for a period of five years from May 1, 2022. His current term expires on April 30, 2022.

Route Mobile also announced an interim dividend of Rs 3 per share.

In addition, the Board has approved the cancellation of a total of 4,000 stock options previously granted under the “Route Mobile Ltd – Employee Stock Option Plan 2021”.

TCI reports 94pc jump in standalone PAT to Rs 78cr in December 2021 quarter

TCI’s Integrated Supply Chain and Logistics on Thursday reported a 94% year-on-year increase in own-source after-tax (PAT) profit to Rs 78 crore for the December 2021 quarter.

The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter last fiscal year, it said in a statement.

Revenue from operations from October to December 2021 increased by 6.2% year-on-year to Rs 759 crore, he said.

The company also saw its Ebitda (earnings before interest, tax, depreciation and amortization) in the December 2021 quarter jumped by 35.71% to Rs 114 crore from Rs 84 crore a year ago.

TCI Managing Director Vineet Agarwal said, “The third quarter and nine months of the current fiscal year have been encouraging and in line with the positive business momentum in the country. ) facades.”

The holiday season contributed to growth despite constraints in the auto sector due to continued shortages of semiconductors, he said.

Agarwal added that multimodal logistics continued to progress, especially the company’s coastal shipping business which was performing exceptionally well.

He said: “TCI remains invested in the multimodal business as it has a direct impact on reducing GHG (greenhouse gas) emissions leading to positive ESG (environmental, social and governance) compliance for all of our clients”.

TCI continues to see a surge in demand for third-party logistics (3PL) and cold supply chain solutions, driven by the technology platform for fulfillment and customer service, Agarwal said.

IndiGrid’s net profit remains almost stable at Rs 94 cr in the December quarter

Consolidated net profit of infrastructure investment trust India Grid Trust (IndiGrid) remained nearly flat at Rs 94.38 crore in the December quarter compared to a year ago.

The company had reported a consolidated net profit of Rs 94.58 crore in the quarter ended December 31, 2020, according to a BSE filing.

Its total revenue rose to Rs 580.96 crore in the quarter from Rs 439.03 crore in the same period a year ago.

The company said the investment manager’s board also approved a distribution per unit (DPU) of Rs 3.19 (a 3% year-on-year increase) for the December 2021 quarter to unitholders. .

The record date of the distribution is February 2 and will be paid at the rate of Rs 2.66 per unit in the form of interest, Rs 0.52 in return of capital.

With this, IndiGrid has distributed Rs 55.34 per unit to its investors over the past 19 quarters since listing, a total return of 114% on the issue price. Total return is the sum of all distributions from listing through Q3 FY22 and price change through January 24, 2021.

Net debt/assets under management (AUM) as of December 31, 2021 was 56%, well below the 70% cap under SEBI InvIT regulations, providing ample headroom to fund future growth, did he declare.

“Our performance this quarter was in line with expectations, and we are on track to meet the FY22 distribution guidance of Rs 12.75 per unit.

“Going forward, we will continue to focus on generating superior and sustainable returns for our investors based on our AAA-rated balance sheet, resilient operations and accretive acquisitions,” said IndiGrid’s chief executive. , Harsh Shah.

He added that with the continued shift to green energy nationwide, most of the upcoming capital investments/expenditures are expected to come from the green energy corridor, in line with our investment mandate.

“While we remain focused on growth through accretive acquisitions, we look forward to capitalizing on the lucrative bidding opportunity available in this space, targeting selective and synergistic projects,” Shah said. . PTI
Laurus Labs Q3 net down 43pc to Rs 155cr

Pharmaceutical company Laurus Labs said on Thursday that its consolidated net profit fell by 43% to Rs 154.97 crore for the third quarter ended December 31, 2021.

The company had posted a consolidated net profit of Rs 272.85 crore during the October-December period last fiscal year.

Revenue from operations fell to Rs 1,028.76 crore in the third quarter from Rs 1,288.42 crore in the same period of 2020-21, Laurus Labs said in a regulatory filing.
“Our third quarter results were impacted by lower sales of APIs and ARV formulations due to stockpiling at distribution partners and we expect an improvement from the fourth quarter,” said the Founder and CEO. by Laurus Labs, Satyanarayana Chava.

BHEL Q3 earnings at Rs 27 cr
Public engineering firm BHEL on Thursday posted a consolidated net profit of Rs 27.02 crore for the December quarter 2021-22, mainly driven by higher revenues.

The company had reported a net loss of Rs 217.86 crore for the prior year period, according to a BSE filing.

BHEL had also suffered a loss of Rs 46.58 crore in the previous September quarter, according to the filing.

The company’s total revenue rose to Rs 5,135.90 crore in the December quarter from Rs 4,451.36 crore in the same period a year ago.