Four Companies Report Significant Q3 Profit Declines, One's Earnings Fall 63%
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Q3 Results: Profits Plunge for 4 Companies, One Sees 63% Drop Amid Rising Costs
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CNBC Awaaz•11-02-2026, 23:20
Q3 Results: Profits Plunge for 4 Companies, One Sees 63% Drop Amid Rising Costs
•Max Financial Services net profit fell 34% to ₹37 crore despite strong revenue growth, impacted by ₹96.52 crore additional expense from new labor codes.
•Neogen Chemicals reported a sharp 63.2% decline in net profit to ₹3.7 crore, even as revenue increased by 9.2%.
•Concord Biotech's net profit decreased by 15.1% to ₹64.5 crore, with EBITDA margin dropping from 40.1% to 35.6% due to cost pressure.
•NOCIL experienced a 28.29% year-on-year decrease in net profit to ₹9.25 crore, though operating EBITDA improved by 9%.
