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Titan Company in focus after poor Q2 result

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Titan Company reported 1.02% fall in consolidated net profit to Rs 302.79 crore on 1.74% rise in net sales to Rs 4600.71 crore in Q2 September 2019 over Q2 September 2018. Revenue growth during the quarter was impacted substantially by the decline in the revenues of the jewellery division due to the sudden spike in gold prices in June 2019.

Tech Mahindra reported 17.2% rise in consolidated profit after tax to Rs 1124 crore on a 4.8% rise in revenue to Rs 9070 crore in Q2 September 2019 over Q1 June 2019. EBITDA rose 14.2% to Rs 1501 crore while the EBITDA margins rose by 130 bps to 16.5% in Q2 September 2019 over Q1 June 2019.

The Board of Directors of Hero MotoCorp has considered and approved an investment of upto Rs 450 crore in its associate company, Hero FinCorp (HFCL) by subscribing to the issue of shares by way of private placement in one or more tranches.

Sun Pharmaceutical Industries and its subsidiaries and/or associate companies announced that it has entered into a licensing agreement with AstraZeneca UK (AstraZeneca) to introduce certain novel ready-to-use (RTU) infusion oncology products in China. The agreement will help to bring costeffective and quality drugs to patients in China.

Cipla, Tata Steel and Lupin will unveil their quarterly results today, 6 November 2019.

Divis Laboratories reported 11.63% fall in consolidated net profit to Rs 356.78 crore on 9.19% rise in net sales to Rs 1445.57 crore in Q2 September 2019 over Q2 September 2018.

Gujarat Gas reported 1161.05% surge in consolidated net profit to Rs 517.03 crore on 27.93% rise in net sales to Rs 2512.91 crore in Q2 September 2019 over Q2 September 2018.

Torrent Power reported 83.03% surge in consolidated net profit to Rs 754.41 crore on 11.54% rise in net sales to Rs 3842 crore in Q2 September 2019 over Q2 September 2018.

Gillette India reported 5.49% fall in net profit to Rs 61.76 crore on 1.25% rise in net sales to Rs 462.20 crore in Q1 September 2019 over Q1 September 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 06 2019. 08:51 IST
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