Q3 Results: 3 Companies See Over 50% Profit Drop; What Went Wrong?

• Bharat Dynamics, Moschip Technologies, and Stove Kraft reported significant profit declines in Q3.
• Bharat Dynamics' net profit fell 50.3% to ₹73 crore due to a 32% revenue decrease.
• Moschip Technologies' profit dropped 60.8% to ₹4.3 crore, impacted by a new labor code despite revenue growth.
• Stove Kraft's net profit plunged 66.6% to ₹4 crore, citing weak demand and labor code expenses.
• Reasons for profit decline include reduced revenue, weak demand, and one-time expenses from the new labor code.

Why It Matters: Three companies experienced over 50% profit decline in Q3 due to revenue drops, weak demand, and labor code impact.