Page 7 - Profit Margins

HCL Tech margin under pressure over talent crunch as Q1 attrition hits 24%

Top management, while reporting results for HCL Tech Q1FY23 on Tuesday, said attrition rate was "expected to remain high in coming months"

Godrej Appliances to invest Rs 200 crore in capacity expansion in FY23

Godrej Appliances is targeting a turnover of Rs 5,500 crore in 2022-23 and around 35 per cent of the sales will be contributed from its premium range of products, a top company official said. Besides, Godrej Appliances is also investing Rs 200 crore in the capacity expansion of its premium range and adding more products, which will be largely done at its Shirwal, Pune-based plant, the company's Business Head & Executive Vice-President Kamal Nandi said. The company has a "very good response" from the market for its premium portfolio product range, in which it has invested Rs 250 crore so far, Nandi told PTI. "Our efforts of the last two years to bring out premium portfolio across categories have started paying off now very well," he said, adding, "I think the premium portfolio that we have done so... is going to get larger in this year as more new products in the segment are going to be launched. We are targeting another Rs 200 crore to be invested in this portfolio and capacity ...

Companies in clover, but there's something in the economy that's amiss

Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan

Campus Activewear Q4 net profit up three-fold to Rs 39.6 crore

Campus Activewear Ltd on Tuesday reported over three-fold increase in its consolidated net profit at Rs 39.60 crore for the fourth quarter ended March 2022. The shoemaker, which was listed on BSE earlier this month, had posted a net profit of Rs 10.01 crore in the January-March quarter a year ago, said Campus Activewear Ltd in a regulatory filing. Its revenue from operation rose 28.07 per cent to Rs 352.33 crore against Rs 275.10 crore in the year-ago period. "Net profit during the quarter stood at Rs 39.61 croe, PAT (Profit After Tax) margins expanded by 760 basis points year-on-year to 11.2 per cent in Q4 FY22," said Campus Activewear in a post-earnings statement. The company's total expenses were at Rs 295.30 crore, up 31.05 per cent in Q4 FY22 compared to Rs 225.32 crore in Q4 FY21. For the entire fiscal ended March 2022, Campus Activewear's net profit was up over four-fold to Rs 124.41 crore. It had reported a net profit of Rs 26.86 crore in the previous fiscal. Its revenue

Hinduja Global Solutions Q4 profit jumps to Rs 5,686 cr on one-off gains

Hinduja Global Solutions said it consolidated profit after tax jumped multi-fold to Rs 5,686 crore for March, mainly on account of gains from divestment of its healthcare services business.

Berger Paints Q4 net up 5.6% to Rs 220 cr; revenue up 8% to Rs 2,187 cr

Berger Paints India Ltd on Thursday reported a 5.60 per cent increase in consolidated net profit to Rs 220.29 crore for the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 208.60 crore in the January-March period a year ago, Berger Paints said in a regulatory filing. Revenue from operations was up 7.96 per cent at Rs 2,187.51 crore during the quarter as against Rs 2,026.09 crore in the year-ago period. Total expenses were at Rs 1,915.43 crore, up 9.03 per cent in Q4 FY22 as against Rs 1,756.64 crore earlier. For the full fiscal ended March 2022, Berger Paints' net profit was up 15.73 per cent at Rs 832.95 crore, compared to a net profit of Rs 719.72 crore in the previous fiscal. Its revenue from operations climbed 28.51 per cent to Rs 8,761.78 crore from Rs 6,817.59 crore in FY21. The board has recommended a dividend of 310 per cent, which is Rs 3.10 per equity share of Re 1 each for the financial year 2021-22. Shares of Berger Paints Ind

Travel service providers Easy Trip Planners Q4 profit drops 23% to Rs 23 cr

Easy Trip Planners Ltd on Wednesday reported a 23.4 per cent decline in consolidated net profit at Rs 23.34 crore for the fourth quarter ended March, impacted by lower revenue and higher expenses.

Thermax's net profit tumbles 4.4% to Rs 103.2 cr in March quarter

Thermax on Friday reported a 4.4 per cent decline in consolidated net profit at Rs 102.54 crore for the quarter ended March. The company had reported a consolidated net profit of Rs 107.35 crore in the year-ago period, according to a BSE filing. Total income of the company in the March quarter was at Rs 2,027.62 crore as against Rs 1,610.34 crore in the same period a year ago. "Profit After Tax (PAT) stood at Rs 103 crore, down 4 per cent as compared to Rs 107 crore in the corresponding quarter of FY21. Profitability was lower due to increased commodity and freight costs during the quarter," the company said in a statement. The consolidated net profit of the company rose to Rs 312.31 crore in the fiscal year 2021-22 from Rs 206.58 crore in 2020-21. Total income in the fiscal was at Rs 6,255.34 crore as against Rs 4,898.99 crore in 2020-21. The company's board has recommend a dividend of Rs 9 per equity share of Rs 2 each (450 per cent) for the financial year 2021-22. Thermax Gro

HeidelbergCement India Q4 net profit sharply falls 33.13% to Rs 93.61 cr

HeidelbergCement India Ltd on Friday reported a 33.13 per cent decline in its net profit to Rs 93.61 crore for the fourth quarter ended March 2022, mainly due to higher operating costs. The company had reported a net profit of Rs 139.99 crore in the year-ago period, HeidelbergCement India said in a BSE filing. However, its total revenue from operation increased 3.34 per cent to Rs 620.03 crore during the quarter under review against Rs 599.95 crore in the corresponding quarter of the previous fiscal. HeidelbergCement India's total expenses rose 10.35 per cent to Rs 534.60 crore in Q4 FY 2021-22 against Rs 484.42 crore a year ago. "On a per tonne basis, total operating cost, including freight, increased by 13.6 per cent y-o-y mainly due to higher coal, pet coke, diesel and packaging cost. The increase in operating cost was partially offset by an increase in other operating income mainly pertaining to SGST incentive from Government of Madhya Pradesh," said a post earning statement fr

Ajmera Realty Q4 profit at Rs 14 cr; revenue jumps two folds to Rs 184 cr

Ajmera Realty & Infra India on Thursday reported 12 per cent increase in consolidated net profit at Rs 14.01 crore for the quarter ended March 2022. Its net profit stood at Rs 12.48 crore in the year-ago period. Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing. Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21. Total income surged to Rs 489.11 crore in 2021-22 from Rs 351.79 crore in the previous year. Dhaval Ajmera, Director Ajmera Realty & Infra India said: "India's real estate sector has shown significant improvement in every quarter of FY22, reinforcing growth momentum. As the pandemic begins to wane across the country, we expect the real estate sector to continue positive growth over the next few years.

Manappuram Finance net profit falls 44% to Rs 261 cr in March quarter

Manappuram Finance on Wednesday reported over 44 per cent decline in net profit at Rs 261 crore in the quarter ended March 2022. The company had posted a net profit of Rs 468 crore in the same quarter of the previous year. "Our PAT (Profit After Tax) has been affected temporarily due to shifting of high yield to lower yielding gold loans. We have reduced Opex (operating expenses) during this quarter and we intend to maintain it at this level. "We are focusing more on collection efficiency and quality growth in MFI books and building up gold loan portfolio," Manappuram Finance said in an investor presentation. The company's net interest income also fell by 10.2 per cent in the March quarter of FY22 to Rs 986.50 crore as against Rs 1,098.40 crore in the year-ago period. It was up by 3.5 per cent from previous quarter's Rs 953.40 crore. The income from operations were down by 8.7 per cent, at Rs 1,481.40 crore during the quarter from Rs 1,484.5 crore. Talking about gold loan busines

Bandhan Bank Q4FY22 income up 43% to Rs 3,504.2 cr; profit at Rs 1,902.3 cr

Net NPAs or bad loans reduced significantly to 1.66 per cent, from 3.51 per cent

Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6%

Relaxo Footwears Ltd on Wednesday reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal, Relaxo Footwears said in a regulatory filing. Its revenue from operations was down 6.61 per cent to Rs 698.19 crore during the period under review as against Rs 747.68 crore in the corresponding period of the previous fiscal. The company's total expenses were at Rs 619.66 crore, up marginally 0.43 per cent in Q4 FY22, as against Rs 616.96 crore a year ago. For the entire financial year ended on March 31, 2022, Relaxo Footwears' net profit was down 20.19 per cent at Rs 232.68 crore. It had reported a net profit of Rs 291.56 crore in 2020-21. Revenue from operation stood at Rs 2,653.27 crore in 2021-22. This was 12.46 per cent higher than Rs 2,359.15 crore in FY21. Meanwhile, in a separate filing, Relaxo Footwears said its board in a meet

Wipro sees margin pressure over next few quarters as attrition rises

Wipro reported a near 4% year-on-year gain in consolidated net profit for the quarter ending March 31, while revenue rose 28.4%

India Inc likely to see robust Q4 nos despite input cost pressure: Analysts

The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better

Manappuram Finance Dec quarter net profit falls 46% to Rs 261 crore

The non-banking finance company (NBFC) had posted a net profit of Rs 483 crore in the corresponding quarter a year ago

Dhampur Sugar Mills Q3 consolidated net profit up 39% to Rs 76 crore

During the last fiscal, Dhampur Sugar Mills had reported a net profit of Rs 228.96 crore over a total income of Rs 4,248.96 crore

Motherson Sumi shares decline nearly 5% after 80% fall in Q3 PAT

The stock tanked 4.82 per cent to settle at Rs 171.70 on BSE, it declined 4.54 per cent to close at Rs 172.15 on NSE

India Cements Q3 standalone PAT falls significantly to Rs 3.3 crore

The company had registered standalone profits at Rs 62.02 crore during the corresponding quarter in the previous year

Venues begin to re-open, pushing Coca-Cola's sales up 10% in Quarter 4

The Atlanta beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes exceeded 2019 levels