The concerns are outweighing the improved earnings outlook led by rebound in base metals prices
Near term margin improvement will also be an area to watch out for
On a YoY basis, the Q2 net profit of the company, however, saw wide erosion dropping by almost 62 per cent from a level of Rs 627.23 crore in the July-September quarter of FY20
Its net profit stood at Rs 50.13 crore in the year-ago period
JK Cement Ltd on Monday reported almost three-fold jump in consolidated net profit at Rs 221.55 crore for the second quarter ended September 2020. The company had posted a net profit of Rs 79.50 crore in July-September period a year ago, JK Cement said in a regulatory filing. Its revenue from operations rose 24.04 per cent to Rs 1,634.39 crore during the quarter under review from Rs 1,317.63 crore in the year-ago period. Total expenses rose 11.53 per cent to Rs 1,338.93 crore from Rs 1,200.41 crore in the year-ago quarter. "With gradual resumption of overall economic activities, operations of the Group have started moving towards normalcy," JK Cement said, adding that the situation is still evolving. Shares of JK Cement on Monday settled 1.62 per cent higher at Rs 1,906.20 on the BSE.
Revenue from operations for the quarter grew 20% to Rs 529 crore from Rs 440 crore a year ago
Q2FY21 EBITDA margins expanded 843 bps YoY to 42.4 per cent due to significantly better gross margin performance and lower other expenditure.
Future Supply Chain Solutions on Saturday reported a consolidated net loss of Rs 68.75 crore for the quarter ended September 2020 on account of lower income
Hinduja group-owned lubes maker Gulf Oil reported a 4.59 per cent decline in net profit at Rs 59.13 crore for the September quarter of this fiscal. The company had posted a net profit of Rs 61.98 crore in Q2FY20, according to a Gulf Oil release on Saturday. The net sales declined 2 per cent to Rs 411.74 crore in the September quarter, as compared to Rs 421.28 crore in the July-September period of the previous fiscal. The company has recorded all round growth in July-September quarter to deliver significantly improved numbers based on initiatives to drive up volume growth across all segments and continuing cost prudence measures, Gulf Oil said in the release. "The demand conditions across many segments were showing strong revival and we are pleased to deliver a robust performance on both top line and bottom line front with highest quarterly profitability and highest EBITDA margins," said Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd. A robust supply chain and
The watches-to-jewellery company saw a 90 per cent recovery in sales in the September quarter
Gets requests for loan recasts of over Rs 5,000 cr
Q2 results suggest a trend of easing asset quality issues and the weight of merger behind them
The company had posted a net loss of Rs 96 crore in the quarter ended September a year ago
The logistics firm had clocked a PAT of Rs 66.84 crore for the corresponding quarter of the previous financial year, it said in a BSE filing
The shipping company had reported a net loss of Rs 40.91 crore in the corresponding quarter of previous fiscal, it said in a regulatory filing to the BSE
Segment revenues in cigarettes during the quarter stood at Rs 5,627.67 crore compared to Rs 5,841.91 crore in the corresponding period last year
Its consolidated net profit had stood at Rs 1,322.47 crore in the corresponding quarter of the previous financial year, according to a BSE filing
The company's prescription biz grew 14% YoY supported by continued traction in the Covid portfolio
Company's bottom line takes a hit even as expenses decline 16% YoY; net sales down 4.3%
Revenue from operations during the quarter stood at Rs 2,837 crore, down 28% YoY