Page 120 - Q1 Results

GIC Re's standalone net loss widens to Rs 771 crore in June quarter

GIC Re on Friday reported widening of its standalone net loss to Rs 771.73 crore for the June 2021 quarter on the back of huge underwriting losses.

Max Ventures and Industries Q1 net profit up three-fold to Rs 46 cr

Max Ventures & Industries Ltd (MaxVIL) on Friday reported an over three-fold jump in net profit to Rs 46.04 crore for the quarter ended June. The company had reported a net profit of Rs 13.05 crore in the April-June period a year ago, MaxVIL, part of the Max Group, said in a BSE filing. Its total income rose 47.72 per cent to Rs 389 crore, as against Rs 263.33 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 321.34 crore, up 34.09 per cent from Rs 239.64 crore earlier. Revenue from packaging films increased 46.3 per cent to Rs 367.54 crore, compared to Rs 251.22 crore in Q1 FY 2020-21. Revenue from real estate climbed around three-fold to Rs 14.26 crore from Rs 4.69 crore. MaxVIL MD and CEO Sahil Vachani said, "Q1FY22 proved to be yet another record quarterly performance for our packaging films business posting its highest ever quarterly revenue & EBITDA." Sustained demand, enhanced specialty product mix and sustainability-led initiatives ...

Suzlon Energy posts consolidated profit of Rs 3.64 crore in June quarter

Suzlon Energy has reported a consolidated net profit of Rs 3.64 crore for the quarter ended June. The company had reported a consolidated net loss of Rs 398.86 crore in the same quarter of the previous fiscal, it said in a BSE filing. Total income rose to Rs 1,148.61 crore in the quarter from Rs 528.22 crore in the same period a year ago. The company also said the agenda pertaining to the enabling resolution for issue of securities to an extent of Rs.1,000 crore has been dropped. "The Q1 of FY22 was impacted by the second wave of the Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand has disrupted the supply chain impacting availability and prices across the value chain. "Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21. We have maintained our quarter on quarter (QoQ) performance a

Apollo Hospitals reports profit after tax of Rs 489 crore for June quarter

Apollo Hospitals treated over 1,50,000 Covid-19 patients with over 5,000 beds dedicated during the peak

GMR Infra's Q1 net loss narrows to Rs 318 cr; expenses rise to Rs 2,331 cr

The firm's total expenses rose to Rs 2,331.28 crore as against Rs 2,197.16 crore a year ago

Godrej Industries reports Q1 consolidated net profit at Rs 186 crore

The company had posted a net profit of Rs 107.14 crore for the year-ago period, Godrej Industries Ltd (GIL) said

Top headlines: SpiceJet Q1 loss widens; exports jump nearly 50% in July

Business Standard brings you the top headlines this evening

Glenmark Life profit rises 25% to Rs 101 crore in the first quarter

Glenmark Life Sciences on Friday said its net profit increased 25 per cent to Rs 101 crore in the first quarter ended June 30, 2021. The company had reported a net profit of Rs 81 crore in April-June 2020-21. Revenue from operations rose to Rs 525 crore as compared with Rs 3,970 crore in the year-ago period. "At Glenmark Life Sciences, we are delighted to announce our first financial result post listing. Being in the healthcare industry, it was important that we continue our services & operations uninterrupted, despite several challenges during the second wave of the pandemic. "Today we have embarked on a good start in Q1 FY22, with the business delivering a strong growth," Glenmark Life Sciences MD & CEO Yasir Rawjee said in a statement. The company's generic API (active pharmaceutical ingredients) business has delivered robust growth across all geographies, and increased demand in both regulated and emerging markets have fuelled this growth, he added. "However, the CDMO ...

Jagran Prakashan Q1 loss at Rs 7.05 cr; revenue up 41.4% at Rs 270.32 cr

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Friday reported narrowing of its consolidated net loss to Rs 7.05 crore for the first quarter ended on June 30, 2021

Sun TV Network Q1 net profit at Rs 365 crore; revenue at Rs 819 crore

South-based broadcaster Sun TV Network Ltd on Friday reported a consolidated profit after tax (PAT) of Rs 365.03 crore for the quarter ended June

Godfrey Phillips India's net profit sees twofold jump to Rs 112.40 cr in Q1

Cigarette maker Godfrey Phillips India Ltd on Friday reported an over twofold jump in its consolidated net profit to Rs 112.40 crore for the first quarter ended June 2021

Sensex soars 593 pts, ends above 55,400; Nifty at 16,529; IT stocks dazzle

On the contrary, broader indices underperformed and ended mildly lower

This specialty chemicals firm has rallied 52% in 6 days; here's why

For Q1FY22, Jubilant Industries reported a consolidated net profit of Rs 21.85 crore as against a net loss of Rs 27.75 crore in Q4FY21 and a loss of Rs 2.72 crore in Q1FY21

Royal Enfield CEO Vinod Dasari steps down; COO Govindarajan to replace him

Govindarajan had spent more than 23 years across Royal Enfield and Eicher Motors

Tata Steel Q1 consolidated PAT at Rs 8,907 cr vs loss of Rs 4,416 cr YoY

Led by strong steel prices, top line or total revenue from operations in the period under review stood at Rs 53,372 crore, up 108 per cent from the same period last year

Gulf Oil Lubricants Q1 profit after tax rises 77% to Rs 30.35 crore

Lubes maker Gulf Oil Lubricants on Thursday reported a 77 per cent growth in profit after tax (PAT) at Rs 30.35 crore for the quarter ended June.

Dish TV Q1 consolidated net profit down 34.07% to Rs 49.14 crore

Direct-to-home firm Dish TV India Ltd on Thursday reported a 34.07 per cent decline in its consolidated net profit to Rs 49.14 crore for the first quarter ended in June 2021.

Garware Technical Fibres Q1 profit after tax up 80.6% at Rs 31.9 crore

Technical textiles manufacturer Garware Technical Fibres, formerly Garware-Wall Ropes, on Thursday posted an 80.6 per cent growth in profit after tax at Rs 31.9 crore during the quarter

Indostar Capital reports net loss of nearly Rs 37 crore in June quarter

Pre-provisioning operating profit was of Rs 33.10 crore during the quarter, down from Rs 75.10 crore in year ago period

Schneider Electric Infra loss narrows to Rs 16 crore in April-June

Schneider Electric Infrastructure on Thursday said its net loss narrowed to Rs 16 crore during the quarter ended June 30, 2021.