Page 2 - Profit Margins

Sterling and Wilson Renewable Energy reports Rs 4.8 cr profit in Q1 profits

Sterling and Wilson Renewable Energy Ltd on Thursday posted a net profit of Rs 4.83 crore for the June quarter. It had clocked a net loss of Rs 95.32 crore in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 927.89 crore from Rs 522.35 crore in the same quarter a year ago. The expenses stood at Rs 913.23 crore during the quarter as against Rs 617.68 a year earlier. In a statement, Sterling and Wilson Renewable Energy Group Global CEO Amit Jain said, "We are well-positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders." The company's current order book stands at Rs 2,170 crore, while net debt was at Rs 97 crore. Sterling and Wilson Renewable Energy Ltd is an end-to-end renewable engineering, procurement, and construction solutions provider for utility-scale solar, floating solar and hybrid and energy storage solutions.

Higher share of Ulips likely to weigh on life insurers' profit margin

Non-life firms to post strong premium growth, benefit from low claims ratio

Airport industry to see profit before tax of $1.3 bn this fiscal: CAPA

The country's airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger in the fiscal ending March 2025, aviation advisory firm CAPA India said while giving projections at its aviation summit in the national capital on Friday. In the current fiscal, passenger throughput at Indian airports is estimated to rise to 404.9 million. Out of the total, 81.1 per cent will be domestic and 18.9 per cent will be international traffic, it said. As per the report, the Airport Authority of India's (AAI) profitability is likely to remain robust in FY2024 and FY2025. "The topline will grow due to an increase in aeronautical revenue along with the receipt of revenue share from the recently privatised six non-metro airports, without having to incur any expense associated with it - resulting in higher profitability," it added. The industry's profit before tax is expected to be USD 1.3

ReNew Energy Global net profit jumps 7-fold to $7 mn in March quarter

ReNew Energy Global Plc on Thursday said its net profit jumped seven-fold to USD 7 million in the January-March quarter of FY24 due to higher income and reduced expenses. The total revenue for the latest fourth quarter decreased by 4.4 per cent to USD 297 million, down from USD 311 million in the same period in the preceding fiscal, according to a company statement. The company attributed the fall in revenue to lower earnings from its transmission projects. The company's net profit for the entire financial year stood at USD 50 million, compared to a net loss of USD 60 million in FY23. The clean energy major registered an 8.1 per cent jump in its total revenue to USD 1,158 million in FY24 from USD 1,072 million in FY23. The company said that the record profits were registered despite a marginal fall in the weighted average Plant Load Factor (PLF) for the reporting quarter as well as the financial year due to lower radiation and wind speeds. While the PLF for FY24 was 26.4 per cent

Credit growth, quality assets likely to spur bank profits in Q4 FY24

Reserve Bank of India data showed bank loans grew by 20.2 per cent YoY growth in advances to Rs 164.34 trillion and deposits expanded by 13.5 per cent growth on YoY basis

Despite legislative progress, gender issues still on margins, say experts

In the run-up to the Lok Sabha polls, the discourse surrounding women's issues has garnered renewed attention with the slogan of 'Nari Shakti' but several activists are apprehensive that the core concerns of women may again get subdued in the broader economic and political debates. There is a need for political parties to prioritise gender-sensitive policies, not merely as token gestures but as integral components of their core agendas, Poonam Muttreja, executive director of the Population Foundation of India (PFI) said, criticising the "marginalisation" of women's issues within the broader electoral discourse. "To truly empower women and address their unique concerns, it is imperative that political parties and leaders integrate gender-sensitive policies into their core agendas and manifestoes as a priority. "This includes not only increasing women's representation in political spaces but also ensuring that their voices are heard and acted upon in decision-making processes," she ..

SC strikes down electoral bond scheme as 'unconstitutional', against rights

Orders EC to disclose donors, amount & recipients by March 13

Max Healthcare Institute Q3 results: PAT rises 26% to Rs 338 crore

Max Healthcare Institute Ltd on Wednesday reported a 26 per cent growth in its profit after tax at Rs 338 crore in the December quarter. The company had posted a Profit After Tax (PAT) of Rs 269 crore in the third quarter of FY23, Max Healthcare Institute said in a statement. Network gross revenue stood at Rs 1,779 crore, up 14 per cent as compared to Rs 1,559 crore in the same period a year ago, it added. Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company continued to witness positive trends on all parameters even during this quarter. This translated into revenue and profitability growth, despite expected softness in occupancies due to the festive season. "Further, our entry into central UP (Uttar Pradesh) through the acquisition of Sahara Hospital will strengthen our presence in Northern India and will act as a stepping stone in growing Max Healthcare's presence in the region," he added.

TVS Motor beats Q3 profit view on strong festive demand, sales up by 25%

Sales of motorcycles jumped about 20%, accounting for nearly half of the total business, while sales of less-expensive scooters surged 36.5%, boosting TVS' revenue by 26% to 82.45 billion rupees

Finolex Industries Oct-Dec quarter net profit grows 24% to Rs 89.21 cr

Agri-focused pipes maker Finolex Industries on Friday reported nearly 24 per cent growth in net profit to Rs 89.21 crore for the third quarter ended December 2023, despite a decline in income from operations. The Pune-based company said its sales revenue declined by 9.3 per cent to Rs 1,019.69 crore during the reporting quarter and also saw its finance cost rise to Rs 7.7 crore from Rs 5.13 crore year-on-year. The company's profit margin rose to 8.7 per cent from 6.4 per cent in the year-ago period, the company said in a statement. Overall sales declined as PVC resin sales plunged 43 per cent to 2,759 MT from 4,863 MT, while pipes and fittings declined 10 per cent to 81,312 MT from 90,396 MT. Finolex executive chairman Prakash Chhabria said the marginal decline in volume was due to a high base, as FY23 saw a huge pent-up demand for agri-pipes and fittings, leading to highest-ever sales in the country. But this is taken care of by the soaring demand for plumbing and sanitation

Distributors may halt HUL stock buys amid margin structure change

FMCG companies typically give fixed margins of 4-6 per cent, while variable margins depend on milestones or performance parameters

Profit booking: Choose small tweaks in equity allocation over drastic shift

Do not leave the money idle, redeploy it in high-quality fixed-income instruments

All about profit booking, picking blazers: Top personal finance stories

This week we write about how to plan profit booking and getting the best look in blazers

Growth and margin uptick critical for gains in Divi's Laboratories

Motilal Oswal Research is factoring in 25 per cent net profit growth annually over the FY23-25 period adjusting for Covid-led business in FY23

Patanjali Foods Q2 results: 126% jump in net profit, revenue drops 8%

The Food and FMCG segment achieved a revenue of Rs 2,487.62 cr in the second quarter, registering a ­5.4 per cent increase from the year ago period

Hero MotoCorp rides on robust Q2 performance and better prospects

Markets give thumbs up to the two-wheeler major's performance, analysts bullish on stock

PayMate India achieves TPV of Rs 84,519 cr, 8 fold increase in FY23 profit

"During the last financial year, we focused on operational efficiency and driving growth," said Ajay Adiseshan, founder and CEO of PayMate

Godrej Capital expects AUM to increase by 69% to Rs 30,000 crore by FY26

The company has partnered with over 150 channel partners across Tamil Nadu to provide various product offerings across MSMEs

Near-term positives priced in for HDFC Asset Management Company stock

HDFC Bank works on open architecture and HDFC AMC's share in the bank's mutual fund business was only 24 per cent

Higher profitability estimates likely to drive more gains for Zomato

Factoring in better demand for delivery, FY24 overall might have growth estimates for 18 per cent