Out of the 14 private lenders that have declared results, only one bank booked a net loss in Q1 of FY22 on account of provisions for Covid
The Mumbai-based developer had posted a net loss of Rs 3.08 crore in the year-ago period.
Home-grown food company Britannia Industries on Friday reported a 29 per cent decline in consolidated net profit at Rs 387 crore for the quarter ended June 30
Lack of pricing pressure, especially in the US, and debt reduction are other positives
Gaming firm Nazara Technologies on Friday posted a net profit of Rs 13.6 crore for the June 2021 quarter.
Inexpensive valuations provide support to the stock
Dalmia Bharat Sugar and Industries Ltd on Friday reported a marginal decline in consolidated net profit at Rs 124.34 crore for the quarter ended June.
Bandhan Bank stock settled 0.43 per cent up at Rs 291.30 on BSE.
Equitas Small Finance Bank (ESFB) on Friday reported 79 per cent fall in net profit at Rs 12 crore for June quarter 2021-22 on account of provisions for restructured accounts.
JSW Energy on Friday reported 5.6 per cent decline in consolidated net profit at Rs 201 crore for June quarter 2021-22. "On a comparable basis, adjusting for one-time finance charges, Profit After Tax (PAT) stood at Rs 261 crore (in April-June 2021) compared to reported PAT of Rs 213 crore, in corresponding quarter of previous year. Reported PAT for the quarter stood at Rs 201 crore," a company statement said. During the quarter, total revenue stood at Rs 1,860 crore as against Rs 1,887 crore in April-June 2020-21, primarily due to reduction attributable to the impact of job work at the standalone entity, partly offset by increase in long-term sales and other income. The fuel cost in the quarter fell 11 per cent YoY (year-on-year) to Rs 812 crore, primarily attributable to impact of job work at standalone entity, partly offset by increase in long-term sales at standalone entity as well higher coal prices. Reported Finance cost during the quarter increased 21 per cent YoY to Rs 290
Revenue from operations in the first quarter rose 29 per cent year-on-year and 14 per cent on a sequential basis to Rs 9,669 crore
JK Paper on Friday reported a multi-fold jump in consolidated net profit at Rs 104.22 crore for the first quarter ended June 30 on the back of higher sales and better realisation.
Total income rose to Rs 564.99 crore in the quarter from Rs 367.45 crore in the same period a year ago
This was due to accelerated provisions against expected credit loss.
NIIT Ltd on Friday said it has logged 78 per cent year-on-year jump its net profit to Rs 51.4 crore for the June 2021 quarter
Kansai Nerolac Paints Ltd on Friday reported an over three-fold increase in its consolidated net profit to Rs 111.38 crore for the first quarter ended June 2021.
FMCG firm Marico Ltd on Friday reported a 5.92 per cent decline in consolidated net profit at Rs 365 crore for the quarter ended June 2021.
The company had reported a net loss of Rs 893.14 crore for the year-ago period, a BSE statement said.
Shares of the company on Friday ended 2.44 per cent up at Rs 178.55 apiece on the BSE.
The company had posted a net loss of Rs 1,655.60 crore for the corresponding period of the previous fiscal