The company's operational expenses and cost of material fell to Rs 315.66 crore in the June quarter from Rs 685.61 crore
Shares of United Spirits Ltd on Monday settled at Rs 590.90 apiece on the BSE, down 1.36 per cent from the previous close
The net profit had stood at Rs 887 crore in the corresponding quarter of previous year
The consolidated revenue stood at Rs 9,106 crore in the quarter under review, up 5.2 per cent from Rs 8,653 crore in the year-ago period
Its total expenses declined 7.39 per cent to Rs 1,501 crore in Q1 FY 2020-21, compared to Rs 1,752 crore
Company shut down operations late March, when govt announced the first nationwide restrictions to contain the coronavirus
In US dollar terms, revenue grew 9.5 per cent YoY to $131.02 million. Sequentially, the numbers increased by 3.1 per cent.
Analysts at IDBI Capital forecast CC revenue decline of nearly 8.8 per cent QoQ
To offload 4% stake in ICICI Securities. Made Covid-19 related provisions of Rs 5,550 cr in the quarter
The bank had reported net profit of Rs 1,908 crore in the same quarter last year
Valuation discount to peers and recovery in certain pockets bode well
Revenue down by 43% and PBT 70%; scepticism is around sustenance of volume recovery
Since the end of April, operations have gradually been ramped up, and in the months of May and June JSW Steel facilities operated at an average capacity utilisation of 80 per cent
Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore
The company said its cigarettes business clocked a revenue of Rs 4,330.05 crore in the first quarter, against Rs 6,141.92 crore a year ago
Revenue from Home Improvement was at Rs 52.09 crore compared to Rs 107.84 crore last year
Textile firm Welspun Indiaon Friday reported a 65.56 per cent decline in consolidated net profit to Rs 53.75 crore for the quarter ended June on account of lower income
Crompton Greaves Consumer Electricals on Friday reported a 38.90 per cent decline in its consolidated profit to Rs 74.80 crore for the quarter ended June 30, 2020, due to lower income
ICICI Securities expects Syngene's revenues to be back on track as the company is currently operating at 90 per cent capacity.
June performed better than May as things began to normalise; however production levels are back to only 60-70 per cent, analysts note.