Escorts Kubota Ltd: The company s standalone net profit rose nearly 49% to 2.77 billion rupees (about USD 33 million) for the three months ended Dec. 31, but fell short of analysts expectations of 2.82 billion rupees, per LSEG data. India s festive period was a mixed one for tractors, analysts said. Uneven and below-normal rains towards the end of quarter also did not help.
India Business News: Godrej Properties reported an 11% increase in consolidated net profit to Rs 62.72 crore for Q3. Total income rose to Rs 548.31 crore. Godrej Properties is one of the leading real estate developers in the country.
Steel consumption in India, the world s second-biggest crude steel producer, jumped during the period, reflecting buoyant demand in one of the world s fastest growing economies as pre-election spending by the government remained strong.