Page 25 - Q1 Results

Divi's Labs reports 13% jump in net profit at Rs 557 cr in Q1

Total income rose to Rs 1,997 crore in the first quarter as compared with Rs 1,748 crore in the June quarter

JK Tyre posts consolidated net profit of Rs 44 cr in June quarter

JK Tyre & Industries on Saturday said it has posted a consolidated net profit of Rs 44 crore for the first quarter ended June 2021. The tyre major had reported a net loss of Rs 204 crore in the April-June period of 2020-21 fiscal amid COVID-19 disruptions. Revenue from operations rose to Rs 2,608 crore in the first quarter from Rs 1,131 crore in the year-ago period, JK Tyre & Industries said in a statement. On a standalone basis, the company posted a net profit of Rs 45 crore. The tyre maker had reported a net loss of Rs 75 crore during the June quarter of FY'21 fiscal. Revenue from operations rose to Rs 1,726 crore during the period under review as compared with Rs 794 crore in the first quarter of 2020-21 fiscal. Commenting on the results, JK Tyre Chairman and Managing Director Raghupati Singhania said the first quarter started on a subdued note due to resurgence of the second wave of the COVID-19 pandemic and lockdowns which impacted demand. "Despite these challenging ...

AU Small Finance Bank profit flat at Rs 203 cr; net interest income up 40%

While provisions remained flat YoY at Rs 451 crore, sequentially, it went up by 21 per cent

SAIL returns to black; posts Rs 3,897-cr net profit for June quarter

Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter.

Tata Power's net profit zooms 74% to Rs 466 cr in June quarter

Total income during April-June 2021 increased to Rs 10,145.89 crore, compared with Rs 6,540.42 crore in the year-ago period

Berger Paints India net profit jumps 9-fold to Rs 140 crore in June quarter

Berger Paints India on Friday reported multi-fold jump in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30

BSE posts 61% growth in Q1 consolidated net profit at Rs 53.42 crore

Leading stock exchange BSE on Friday reported a consolidated net profit of Rs 53.42 crore for the first quarter ending June

SAIL posts Rs 3,897-crore net profit for June quarter

Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter

City Union Bank Q1 net up 12% at Rs 173 cr on lower provisioning

The bank had posted a net profit of Rs 154 crore in the same quarter a year ago.

Zee Entertainment posts first quarter net profit of Rs 209 crore

Subscription revenue was at Rs 813.05 crore as against Rs 744.311 crore in Q1/FY 2020-21.

Piramal Enterprises first quarter profit up 8% to Rs 534 crore

The company had posted a net profit of Rs 495.56 crore for the corresponding period of the previous fiscal

Hindalco posts consolidated net profit of Rs 2,787 cr in June quarter

Hindalco Industries Ltd on Friday reported a consolidated profit after tax of Rs 2,787 crore for the quarter ended on June 30, 2021.

Voltas Q1 net up nearly 50% to Rs 122 cr; revenue up 36% to Rs 1,860 cr

The Tata group firm had posted a consolidated net profit of Rs 81.77 crore in the April-June quarter last fiscal, Voltas said in a regulatory filing.

Mahindra & Mahindra Q1 consolidated net loss after tax at Rs 332 cr

Mahindra & Mahindra on Friday reported a consolidated net loss after tax from continuing and discontinued operations at Rs 331.74 crore in the first quarter ended June 30. The company had posted a consolidated net profit after tax from continuing and discontinued operations at Rs 54.64 crore in the first quarter last fiscal, M&M said in a regulatory filing. Consolidated revenue from operations stood at Rs 19,171.91 crore, as against Rs 11,969.04 crore in the same period last fiscal, it added. M&M said it has ceased consolidating Ssangyong Motor Co (SYMC) as a subsidiary from December 28, 2020 and has classified it as discontinued operations for all periods presented. SYMC has applied to the Bankruptcy Court in South Korea for rehabilitation proceedings and has been admitted in the Autonomous Rehabilitation Support (ARS) program. During the quarter, the company said the automotive segment had a revenue of Rs 6,050 crore, while the farm equipment segment clocked revenue of ..

Tata Chemicals rallies 10%, hits record high on strong Q1 results

With the business environment steadily improving, the company is well-positioned to grow across customer segments, the management said.

Tata Chemicals shares zoom nearly 10%; hit 52-week high after Q1 earnings

Shares of Tata Chemicals on Friday jumped nearly 10 per cent after the company reported a multi-fold jump in consolidated net profit for the June quarter. The stock gained 9.70 per cent to its 52-week high of Rs 844 on BSE. On NSE, it jumped 9.71 per cent to its 52-week high of Rs 844. Tata Chemicals on Thursday reported a multi-fold jump in consolidated net profit at Rs 342.33 crore for the June quarter, helped by a rebound in soda ash volumes in the US and India. The company's consolidated net profit stood at Rs 74.15 crore during the corresponding quarter of 2020-21, Tata Chemicals said in a BSE filing. Income from operations grew by 27 per cent to Rs 2,977 crore from Rs 2,348 crore in the year-ago period. This was mainly due to rebound in soda ash volumes in the US and India, the company added.

Indiabulls Housing Fin posts 3.3% rise in Q1 net profit to Rs 282 cr

Mortgage financier Indiabulls Housing Finance on Thursday reported a marginal 3.3 per cent growth in its profit after tax at Rs 282 crore for the first quarter ended June 30, helped by a lower cost of funds. The lender had reported a profit after tax of Rs 273 crore in the year-ago quarter. Despite loan book coming down, our profitability has remained same, which tells that the company has increased its spread as the cost of funding has come down, its deputy managing director Ashwini Kumar Hooda said. The lender, in a release, said quarterly earnings have grown for the first time since the September 2018 IL&FS default and the ensuing NBFC liquidity crisis. The cost of funds has come down by 20 basis points to 8.4 per cent as of June 30, 2021, from 8.6 per cent, Hooda said. The spread on the book stood at 2.6 per cent. The net interest income improved to Rs 765 crore from Rs 731 crore in the year-ago period. The company said its collection efficiency has normalised in June and Ju

Square Yards Q1 gross profit up 14% to Rs 32cr; revenue up 50% to Rs 101cr

Real estate consultant Square Yards on Thursday said its gross profit rose 14 per cent to Rs 32.2 crore, while revenue was up 50 per cent to Rs 100.8 crore for the quarter ended June. Square Yards, which is into property brokerage and mortgage businesses, has presence in India as well as overseas. In a statement, the company said the Gross Transaction Value (GTV) rose 79 per cent to Rs 2,196.9 crore in the first quarter of this fiscal from Rs 1,228.7 crore in the previous year. Tanuj Shori, Founder and Chief Executive Officer, Square Yards said, We had a phenomenal start to the year, with very strong growth metrics along with a solid profitability profile." "We will continue to make investments in ramping up our distribution capacity and building blocks of new business segments like home interiors, rentals & SaaS," he added. Last month, Square Yards raised USD 25 million (about Rs 185 crore) as debt from Hong Kong-based ADM Capital to expand its business. Anil Ambani-led Reliance

Cholamandalam Financial Holdings reports Q1 consolidated PAT at Rs 357 cr

Cholamandalam Financial Holdings Ltd (CFHL) has recorded a consolidated profit after tax for the quarter ending June 30, 2021 atRs 357 crore, the company said on Thursday.

Adani Transmission reports 22% rise in first quarter net profit

Net profit for the April-June quarter was at Rs 433.34 crore.