Page 148 - Companies

Shriram City Union Finance Q3 net profit rises 6% at Rs 322 crore

Shriram City Union Finance on Friday reported 6 per cent rise in consolidated net profit at Rs 322 crore for the quarter ended December 2021

Equitas SFB reports flat growth in net profit at Rs 108 cr in Dec quarter

The South-based SFB had posted a net profit of Rs 111 crore in the year-ago quarter

Market turmoil not to impact IPO valuation, says Vedant Fashions

The company, whose flagship brand is the male ethic 'Manyavar' label, has fixed its issue price band at Rs 824-866 a share

Blue Dart Express' profit after tax jumps 29.5% to Rs 123.4 cr in Dec qtr

The company had posted a consolidated PAT of Rs 95.30 crore in the corresponding quarter last year

Jet Airways appoints Priyapal Singh as its 'accountable manager'

Grounded carrier Jet Airways has appointed Priyapal Singh as its 'accountable manager', replacing Sudhir Gaur who resigned from the company late last year, an airline source said on Friday. A seasoned pilot, Singh took over the charge of the position in January, according to the source. The source also said that immediately after assuming the position, Singh along with the Jet Airways team met the DGCA officials and discussed various issues concerning the re-launch of operations. The consortium had on December 17 last year said Jet Airways 2.0 plans to start domestic operations at the earliest in 2022 as a full-service carrier. Singh, a squadron leader with IAF who has been associated with Jet Airways and JetLite in various capacities prior to its grounding in April 2019, moved back to Jet, which is now owned by the Murari Lal Jalan-Kalrock consortium, from the Nepal Airlines Corporation. "The new Accountable Manager Captain Priyapal Singh took over the charge on January 24 and th

AU Small Finance Bank's net profit soars 68% to Rs 302 cr in Dec quarter

The Jaipur-based AU Small Finance Bank on Friday said strong loan sales and better asset quality have helped it post a strong set of financial numbers

Budget should aim long-term holistic growth for auto industry: Mercedes

The company retailed 11,242 units in 2021, a growth of 42.5 per cent over 7,893 units in 2020

HP wins $5 billion fraud lawsuit against UK software tycoon

HP had accused Lynch and Autonomy's former chief financial officer, Sushovan Hussain, of artificially inflating the company's revenues and committing a deliberate fraud

Packaging products maker HSIL Ltd Q3 profit down 21% to Rs 29 crore

The company had logged a net profit of Rs 35.92 crore in October-December period a year ago, HSIL said in a BSE filing

WhatsApp has time till February end to clarify policy, says EU

The European Consumer Organisation (BEUC) and eight of its members took their grievances to the EU executive and the European network of consumer authorities

LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter

LIC Housing Finance's (LIC HFC) net profit rose 6 per cent year-on-year (YoY) to Rs 767.33 crore in the third quarter.

Indus Towers consolidated profit up 16% at Rs 1,571 crore in Q3

Telecom infrastructure company Indus Towers on Thursday posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago. Revenue of the country's largest mobile tower firm was higher at Rs 6,927 crore during the quarter compared to Rs 6,736 crore in the corresponding period of 2020-21. "At Indus Towers, the quarter marked completion of a year of operations of the merged entity which has made our industry leadership positioning more robust. "Our steady operational and financial performance during the quarter was reassuring. We believe that our focus to promote passive infrastructure sharing and capitalize on adjacencies will help us further strengthen our commitment of Putting India First through connecting lives," MD and CEO Bimal Dayal said. Indus Tower merged with Bharti Infratel in November 2020. The company's total mobile tower base increased t

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far raised over Rs 270 crore in equity and over Rs 1,200 crore in debt investments. The company said the funds will be utilised to expand its scale of operations. It will also further enhance its product offerings, including credit cards for small businesses/ shops and improve underwriting capabilities to extend credit to the new to credit (NTC) segment using AI and machine learning. The firm plans to expand its business to one crore borrowers in FY2023, the statement said. It is projecting an overall revenue of over Rs 500 crore, it said. The company provides an instant line of credit for small business transactions and small-ticket size personal loans to new credit customers.

Home First Finance reports multifold jump in profit to Rs 46 cr in Dec qtr

The Company had posted a net profit of Rs 16 crore during the year-ago quarter of December 2020

LIC Housing Finance net profit rises 6% to Rs 767.33 crore in Dec quarter

Mortgage lender LIC Housing Finance reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021

Dalmia Bharat Q3 profit declines 59.2% to Rs 73 cr; revenue at Rs 2,731 cr

Cement maker Dalmia Bharat Ltd reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter ended December 2021.

BHEL posts consolidated net profit of Rs 27 crore for December quarter

State-owned engineering firm BHEL posted a consolidated net profit of Rs 27.02 crore for December quarter 2021-22, mainly on the back of higher revenues.

Pharmaceuticals firm Laurus Labs Q3 net drops 43% to Rs 155 crore

Pharmaceuticals firm Laurus Labs said its consolidated net profit declined by 43 per cent to Rs 154.97 crore for the third quarter ended December 31, 2021.

Mahindra Logistics' profit after tax declines 72% to Rs 5 cr in Dec quarter

Mahindra Logistics Ltd (MLL) reported a sharp 72 per cent year-on-year decline in profit after tax (PAT) to Rs 5 crore for the December 2021 quarter. The company had posted a PAT of Rs 18 crore in the same quarter a year ago, MLL said in a statement. The revenue, however, grew seven per cent to Rs 1,118 crore during October-December 2021 as compared with Rs 1,047 crore in the year-ago period, it said. Revenue from warehousing services and solutions in the quarter grew 35 per cent in the same period last year underlining the focus on the solutions-led approach to customer's requirements, MLL said. The company added that growth in the supply chain segment during the quarter stood at six per cent y-o-y, contributed by increased business volumes across all key end markets except auto. Mahindra Logistics Managing Director and CEO Rampraveen Swaminathan said, "The quarter gone by was a challenging one. Demand from the auto sector continued to be impacted due to semi-conductor supplies a

TD Power Systems net profit dips 7% to Rs 19 crore in Dec quarter

TD Power Systems reported a seven per cent dip in consolidated net profit at Rs 19.53 crore for December quarter 2021-22