The rise of profit was mainly on the back of higher revenues
The company had posted a consolidated net profit of Rs 92.58 crore in the same quarter previous fiscal, Escorts Ltd said in a regulatory filing.
An improving balance sheet is aiding the bullish sentiment as Tata Steel joins scores of Indian corporates who are using record-low interest rates to trim their liabilities.
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
Hindustan Petroleum Corporation reported a 36 per cent YoY drop in its June quarter net profit
The total income of the company increased to Rs 1,079 crore in the first quarter from Rs 878 crore in the same period a year ago
However, the bank's total income during Q1FY22, fell to 6% to Rs 1,596 crore; NII up 14% to Rs 638 cr
Total income during the quarter under review stood at Rs 3,519 crore. It was Rs 2,020 crore earlier, Titan said in a regulatory filing.
During the quarter, HPCL sold 8.83 million tonnes of fuel overall against 7.62 million tonnes a year ago, representing a growth of 15.9%
Net interest income of the lender rose 3.74 per cent year-on-year to Rs 27,368 crore
Tata Communications on Wednesday posted about 15 per cent jump in consolidated profit at Rs 296.11 crore in the quarter ended June 2021.
Tata Steel BSL Ltd on Wednesday returned to the black, posting a consolidated net profit of Rs 2,478 crore in the quarter ended June 30.
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
Post result announcement, the stock of the lender rallied nearly 4 per cent and hit fresh record high of Rs 463.2 apiece on the BSE. Moreover, it's m-cap surpassed Rs 4.13 trillion-mark
Honda Motor Co swung on Wednesday to a first-quarter operating profit of $2.23 billion from a 113.7 billion loss a year ago as car sales recovered from the impact of the Covid-19 pandemic
The funding advantage and adequate capital will aid growth and earnings while healthy provision buffer and improvement in collection will aid asset quality, analysts said
Tata Consumer Products reported a decline of 42.05 per cent YoY in consolidated net profit to Rs 200.24 crore for the first quarter ended June 2021
Operating performance saw improvement and was ahead of expectations
The firm reported a 28.4 per cent jump in its profit after tax (PAT) on a year-on-year basis
The company's topline more than doubled in the period under review to Rs 12,579 crore from Rs 5,265 crore in the corresponding period last year