Page 21 - Q1 Results

Tata Steel soars 5%, hits new record high post June quarter results

In the past six months, the stock has zoomed 120 per cent, as compared to a 6.8 per cent rise in the S&P BSE Sensex

As lockdown dents Q1 show, Page Industries needs faster growth at the core

The company underperformed peers in the June quarter

Voda Idea Q1 loss may narrow; fund raising, ARPU growth plan eyed: Analysts

Vodafone Idea Q1 Preview: Voda Idea's fundraising plans and commentary on average revenue per user (ARPU) trajectory ahead will remain key monitorables for experts and investors alike

DHFL posts four-fold jump in Q1 consolidated net profit at Rs 314 crore

Dewan Housing Finance Corporation (DHFL) on Friday reported an over four-fold jump in its consolidated net profit at Rs 314.43 crore for the quarter ended June 2021. The company had posted a net profit of Rs 70.10 crore in the same quarter a year ago and Rs 96.75 crore in the preceding quarter ended March 2021. The total income, however, fell by 14 per cent to Rs 2,001.36 crore during Q1 FY22, as against Rs 2,328.86 crore in Q1 FY21 as interest income fell, DHFL said in a regulatory filing. Interest earned in the June 2021 quarter fell to Rs 1,990.72 crore, as against Rs 2,315.93 crore earlier. On the other hand, expenses reduced drastically to Rs 1,553.74 crore from Rs 2,236.05 crore. The National Company Law Tribunal (Mumbai bench) had in June this year approved the resolution plan submitted by Piramal Capital & Housing Finance for the debt-ridden DHFL. Subsequently, the company set up a monitoring committee in July, as per the terms of the resolution plan and the plan approval

NBCC Q1 consolidated net profit jumps over three-fold to Rs 37 crore

State-owned construction firm NBCC on Friday reported an over three-fold jump in its consolidated net profit at Rs 37.07 crore for the quarter ended June

Glenmark Pharma Q1 consolidated net profit up 21% at Rs 306 crore

Glenmark Pharmaceuticals on Friday said its consolidated profit after tax (PAT) increased by 21 per cent to Rs 306 crore for the first quarter ended June 30. The Mumbai-based drug major had reported a PAT of Rs 254 crore in the April-June quarter of the 2020-21 fiscal. The company's consolidated revenue rose to Rs 2,965 crore from Rs 2,345 crore in the Q1 of last fiscal. "It was a landmark quarter for the company with positive momentum in all our key markets. Our commitment towards the fight against COVID-19 was reflected in FabiFlu becoming the number one brand in the India pharma market in April. "We launched our first nebuliser, Arformoterol Inhalation solution from Monroe, US," Glenmark Pharmaceuticals Chairman and Managing Director Glenn Saldanha said in a statement. The company has a strategic roadmap to grow consistently and profitably over the year, he added. "We have a clear plan in place to reduce debt by enhancing free cash, prioritising over R&D investments and capita

ONGC net profit rises nearly seven-fold in Q1 to Rs 6,846 crore

Consolidated total income rose to Rs 1,09,301.82 crore, up from Rs 63,694.14 crore last year

Favourable commodity cycle should keep Tata Steel stock in demand

Most analysts remain bullish on the stock

GIC Re's standalone net loss widens to Rs 771 crore in June quarter

GIC Re on Friday reported widening of its standalone net loss to Rs 771.73 crore for the June 2021 quarter on the back of huge underwriting losses.

Max Ventures and Industries Q1 net profit up three-fold to Rs 46 cr

Max Ventures & Industries Ltd (MaxVIL) on Friday reported an over three-fold jump in net profit to Rs 46.04 crore for the quarter ended June. The company had reported a net profit of Rs 13.05 crore in the April-June period a year ago, MaxVIL, part of the Max Group, said in a BSE filing. Its total income rose 47.72 per cent to Rs 389 crore, as against Rs 263.33 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 321.34 crore, up 34.09 per cent from Rs 239.64 crore earlier. Revenue from packaging films increased 46.3 per cent to Rs 367.54 crore, compared to Rs 251.22 crore in Q1 FY 2020-21. Revenue from real estate climbed around three-fold to Rs 14.26 crore from Rs 4.69 crore. MaxVIL MD and CEO Sahil Vachani said, "Q1FY22 proved to be yet another record quarterly performance for our packaging films business posting its highest ever quarterly revenue & EBITDA." Sustained demand, enhanced specialty product mix and sustainability-led initiatives ...

Suzlon Energy posts consolidated profit of Rs 3.64 crore in June quarter

Suzlon Energy has reported a consolidated net profit of Rs 3.64 crore for the quarter ended June. The company had reported a consolidated net loss of Rs 398.86 crore in the same quarter of the previous fiscal, it said in a BSE filing. Total income rose to Rs 1,148.61 crore in the quarter from Rs 528.22 crore in the same period a year ago. The company also said the agenda pertaining to the enabling resolution for issue of securities to an extent of Rs.1,000 crore has been dropped. "The Q1 of FY22 was impacted by the second wave of the Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand has disrupted the supply chain impacting availability and prices across the value chain. "Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21. We have maintained our quarter on quarter (QoQ) performance a

Apollo Hospitals reports profit after tax of Rs 489 crore for June quarter

Apollo Hospitals treated over 1,50,000 Covid-19 patients with over 5,000 beds dedicated during the peak

GMR Infra's Q1 net loss narrows to Rs 318 cr; expenses rise to Rs 2,331 cr

The firm's total expenses rose to Rs 2,331.28 crore as against Rs 2,197.16 crore a year ago

Godrej Industries reports Q1 consolidated net profit at Rs 186 crore

The company had posted a net profit of Rs 107.14 crore for the year-ago period, Godrej Industries Ltd (GIL) said

Top headlines: SpiceJet Q1 loss widens; exports jump nearly 50% in July

Business Standard brings you the top headlines this evening

Glenmark Life profit rises 25% to Rs 101 crore in the first quarter

Glenmark Life Sciences on Friday said its net profit increased 25 per cent to Rs 101 crore in the first quarter ended June 30, 2021. The company had reported a net profit of Rs 81 crore in April-June 2020-21. Revenue from operations rose to Rs 525 crore as compared with Rs 3,970 crore in the year-ago period. "At Glenmark Life Sciences, we are delighted to announce our first financial result post listing. Being in the healthcare industry, it was important that we continue our services & operations uninterrupted, despite several challenges during the second wave of the pandemic. "Today we have embarked on a good start in Q1 FY22, with the business delivering a strong growth," Glenmark Life Sciences MD & CEO Yasir Rawjee said in a statement. The company's generic API (active pharmaceutical ingredients) business has delivered robust growth across all geographies, and increased demand in both regulated and emerging markets have fuelled this growth, he added. "However, the CDMO ...

Jagran Prakashan Q1 loss at Rs 7.05 cr; revenue up 41.4% at Rs 270.32 cr

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Friday reported narrowing of its consolidated net loss to Rs 7.05 crore for the first quarter ended on June 30, 2021

Sun TV Network Q1 net profit at Rs 365 crore; revenue at Rs 819 crore

South-based broadcaster Sun TV Network Ltd on Friday reported a consolidated profit after tax (PAT) of Rs 365.03 crore for the quarter ended June

Godfrey Phillips India's net profit sees twofold jump to Rs 112.40 cr in Q1

Cigarette maker Godfrey Phillips India Ltd on Friday reported an over twofold jump in its consolidated net profit to Rs 112.40 crore for the first quarter ended June 2021

Sensex soars 593 pts, ends above 55,400; Nifty at 16,529; IT stocks dazzle

On the contrary, broader indices underperformed and ended mildly lower