In past three months, the stock has gained 106%, as compared to a 4.8% rise in the S&P BSE Sensex
The stock hit a new high of Rs 994, up 79 per cent from its initial public offer issue price of Rs 554 per share
A prolonged impact of the coronavirus has turned IndiGo's net worth to negative- the first time in company's history
Net interest income was up 8 per cent YoY to Rs 3,564 crore, from Rs 3,309 crore in Q1FY21
While residential portfolio is strong, commercial assets may take time to recover
The Kolkata-headquartered lender trimmed its gross non-performing assets (NPAs or bad loans) significantly
Mahindra Logistics Ltd on Tuesday reported a consolidated net profit of Rs 9.35 crore for the quarter ended June 30, 2021. The company had posted a consolidated net loss after taxes, non-controlling interests and share of loss of joint venture of Rs 15.81 crore in the year-ago period, Mahindra Logistics Ltd (MLL) said in a filing to BSE. The consolidated total income of the company during April-June quarter increased to Rs 875.28 crore over Rs 413.27 crore in the year-ago period. "We delivered a strong performance despite the challenging external environment due to the rapid spread of Wave 2 of the Covid 19 pandemic. The regional lockdowns, high commodity costs and fuel prices impacted demand across the end markets. "Our strong focus on customer retention, new account acquisition and cost reduction helped us offset these challenges," Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said. Implementation of strategic initiatives continued through the quarter
Drug firm Granules India on Tuesday reported an 8 per cent rise in its consolidated net profit to Rs 120 crore for the quarter ended June 30, 2021.
The Ramco Cements Ltd on Tuesday reported a 46.10 per cent increase in consolidated net profit at Rs 171.67 crore for the quarter ended June, helped by growth in sales
Net interest income rises 8% to Rs 3,564 cr
The budget carrier's revenue declined 51.6 per cent at Rs 3,006.9 crore during the quarter under study compared with revenue of Rs 6,223 crore clocked in the March quarter
The budget carrier's revenue declined 51.6 per cent at Rs 3,006.9 crore during the quarter under study compared with revenue of Rs 6,223 crore clocked in the March quarter
In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.
Gross profit margin decreased by 380 bps over the previous year and 150 bps sequentially, majorly on account of price erosion and increase in inventory provisions related to few products
Realty major DLF Ltd's sales bookings jumped nearly 7-fold year-on-year to Rs 1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram. The company's sales booking stood at Rs 152 crore in the April-June quarter of the 2020-21 fiscal year because of the nationwide lockdown to control the COVID pandemic. In its investors presentation, DLF said it sustained sales momentum during the June quarter despite the resurgence of COVID infections. Out of the total sales bookings in Q1 of FY22, DLF said the launches of new projects contributed Rs 542 crore. "Encouraging response for independent floors across DLF City/New Gurgaon vindicates product demand & acceptability," the presentation said. DLF's CEO Ashok Tyagi had given a sales bookings guidance of Rs 1,000 crore per quarter and over Rs 4,000 crore in the entire 2021-22 fiscal year. On borrowings, DLF said its net debt reduced by Rs 141 crore during the June ...
Ebitda (earnings before interest, taxes, depreciation, and amortization) margins declined 1258 basis points (bps) YoY to 17.8 per cent, due to higher other expenditure
Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline
The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year
At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end
Drug firm GlaxoSmithKline Pharmaceuticals on Monday reported a 9.24 per cent rise in consolidated net profit to Rs 121.08 crore for the quarter ended June 30, 2021.