An analysis of the latest-quarter results of listed firms shows that the government's ambitious exercise of withdrawing old Rs 500 and Rs 1,000 notes led to an adverse impact on businesses across the sectors.
The relaunch of Nestle India's Maggi instant noodles has been successful so far however the government's demonetisation move is likely to impact its sales, say analysts.
The company had posted a net profit of Rs 106.03 crore in the year-ago quarter, Godrej Industries said in a BSE filing.
APSEZ, the country's largest port developer and the logistics arm of Adani Group had clocked a net profit of Rs 675 crore in the corresponding quarter of 2015-16.
SpiceJet said it could remain profitable despite a softening of demand due to demonetisation and rising fuel prices.
The company said its consolidated net debt as on December 31, 2016 was maintained at similar levels as in the previous quarter. The consolidated debt of the company is about Rs 45,000 crore.
On a standalone basis, Tata Motors' loss after tax widened to Rs 1,046 crore in the third quarter of 2016-17, from Rs 137 crore a year ago.
Led by NRI billionaire Anil Agarwal, it had reported net profit of Rs 408.58 crore in the October-December quarter of the previous fiscal, Vedanta said in a BSE filing.
Net profit in October-December at Rs 397 crore was 133 per cent higher than Rs 171 crore in the same period a year ago, Petronet Managing Director Prabhat Singh told reporters here.
The Anil Ambani-led infrastructure major had clocked a net profit of Rs 251.50 crore in the same quarter of 2015-16.
Consolidated total income from operations also rose to Rs 2,341.74 crore for the quarter under consideration as against Rs 1,786.01 crore for the same period year ago.
The company had posted a net profit of Rs 210.81 crore in October-December period a year ago, Britannia Industries said in a BSE filing.
The bank had registered a net loss of Rs 486.14 crore in the corresponding quarter of previous fiscal.
The company had clocked a standalone net loss of Rs 32.75 crore in the corresponding quarter of last fiscal, the company said in a regulatory filing.
Income from operations fell to Rs 727.50 crore in the third quarter of this fiscal from Rs 766.81 crore in the corresponding period of the previous year.
Provisions and contingencies increased to Rs 2,079 crore in the third quarter from Rs 1,795 crore from the previous quarter.
Reliance Jio Infocomm Ltd, controlled by India's richest man, Mukesh Ambani, opened for business in September and has shaken the Indian telecoms market with its free voice and cut-price data plans spurring a flurry of similar offers from incumbents led by Bharti Airtel Ltd.