Page 308 - Company Results
AM/NS India Ebitda declines 39.9% in June quarter on lower shipments
Reports steel shipments of 1.51 MT in quarter, compared with 1.72 MT a year ago and 1.73 MT in previous quarter
 "AM/NS India Ebitda declines 39.9% in June quarter on lower shipments")
Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance
Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis
 "Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance")
PNB Q1 net profit falls 70% to Rs 308 crore, asset quality improves
The gross NPAs declined to 11.2% of the gross advances by June 2022 from 14.33% a year ago. It was at 11.78% as of March 2022
 "PNB Q1 net profit falls 70% to Rs 308 crore, asset quality improves")
SBI Life's net profit rises 18% YoY to Rs 263 crore in June quarter
Its VNB margins - a measure of profitability of life insurers - stood at 30.4 per cent, against 23.7 per cent in the year-ago period
 "SBI Life's net profit rises 18% YoY to Rs 263 crore in June quarter")
PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income
Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22
 "PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income")
Dr Reddy's Q1 PAT soars 108% to Rs 1,188 cr; revenue rises 6%
Other operating income was at Rs 600 crore compared to Rs 50 crore in Q1FY22
 "Dr Reddy's Q1 PAT soars 108% to Rs 1,188 cr; revenue rises 6%")
Vedanta Q1 net profit rises 6% to Rs 5,592 cr; revenue jumps 36%
The company's depreciation and amortisation increased by 16% year-on-year to Rs 2,464 crore on account of higher depletion charge in oil and gas and higher ore production at Zinc India
 "Vedanta Q1 net profit rises 6% to Rs 5,592 cr; revenue jumps 36%")
Top headlines: Dr Reddy's Q1 PAT up 108%; Adani Capital IPO likely in 2024
Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies.
 "Top headlines: Dr Reddy's Q1 PAT up 108%; Adani Capital IPO likely in 2024")
TVS Motor posts net profit of Rs 297 cr in Q1; total income rises 57%
TVS said it recorded the highest two-wheeler exports of 296,000 units in the first quarter compared to 290,000 units a year ago
 "TVS Motor posts net profit of Rs 297 cr in Q1; total income rises 57%")
Dr Lal PathLabs Q1 net profit dips 57% to Rs 58 cr; revenue falls 17%
Diagnostic services provider Dr Lal Path Labs on Thursday said its consolidated net profit declined 57 per cent to Rs 58 crore for the first quarter ended June 30
 "Dr Lal PathLabs Q1 net profit dips 57% to Rs 58 cr; revenue falls 17%")
Nestle raises growth outlook for '22, eyes consumer reaction to price hikes
Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8%
 "Nestle raises growth outlook for '22, eyes consumer reaction to price hikes")
Shree Cement Q1 net profit falls 56% to Rs 279 cr; revenue rises 21%
The company had posted a net profit of Rs 630.89 crore in the April-June period a year ago, Shree Cement said in a BSE filing.
 "Shree Cement Q1 net profit falls 56% to Rs 279 cr; revenue rises 21%")
Bajaj Finance sees best day in over 1.5 years as profit more than doubles
Shares of Bajaj Finance jumped as much as 9 per cent on Thursday, their biggest intraday gain since November 2020
 "Bajaj Finance sees best day in over 1.5 years as profit more than doubles")
Nestle India Q2 net profit falls 4.3% to Rs 515.34 cr, net sales up 15.7%
FMCG major Nestle India Ltd on Thursday reported a decline of 4.31 per cent in its net profit at Rs 515.34 crore for the second quarter ended June 30, 2022
 "Nestle India Q2 net profit falls 4.3% to Rs 515.34 cr, net sales up 15.7%")
Facebook owner Meta reports first ever revenue decline, income falls by 36%
Facebook and Instagram's parent company Meta reported its first-ever yearly decline in revenue for the second quarter, announcing a 1 per cent drop to USD 28.8 billion
 "Facebook owner Meta reports first ever revenue decline, income falls by 36%")
Bajaj Finance's first-quarter net profit surges 159% y-o-y to Rs 2,596 cr
Shares of the company closed at Rs 6,393.75 - up 2.14 per cent from the previous days' close
CG Power and Industrial Solutions Q1 net profit jumps 138% to Rs 130 crore
The company had reported a consolidated net profit of Rs 54.58 crore in the quarter ended on June 30, 2021, a BSE filing said
 "CG Power and Industrial Solutions Q1 net profit jumps 138% to Rs 130 crore")
Colgate-Palmolive India's net profit declines 7.2% in April-June quarter
The company's PBIDT stood at Rs 327.9 crore in the quarter ended June, down 9 per cent compared to last year
Decent upside in L&T stock; analyst recommendations strongly positive
Core revenues were at Rs 35,850 crore, up 22 per cent year-on-year (YoY) and down 32 per cent quarter-on-quarter (QoQ)
 "Decent upside in L&T stock; analyst recommendations strongly positive")
Tata Motors' Q1 loss widens to Rs 5,007 cr amid chip woes, China lockdown
Losses at the UK subsidiary widened to £482 million, from £286 million, as JLR retail sales fell 37 per cent to 78,825 units from the year-ago quarter
 "Tata Motors' Q1 loss widens to Rs 5,007 cr amid chip woes, China lockdown")