Page 45 - Q1 Results

Zydus Lifesciences Q1 FY25 results: PAT up 31%, revenue rises 21%

The API business contributed 2 per cent to consolidated revenues, growing 2 per cent Y-o-Y to Rs 141.5 crore

CESC Q1 results: Firm posts 9% rise in profit on summer, industrial demand

India experienced a sharp rise in power demand amid sturdy manufacturing activity and scorching weather in a summer that stretched beyond the March-May period into June

India Cements posts consolidated net profit of Rs 58.5 crore in Q1

Capacity utilisation for the company was adversely affected due to the free fall in cement prices, resulting in a suboptimal operating performance for the quarter

Medanta Q1 results: PAT rises by 4% to Rs 106 cr, revenue at Rs 861 cr

Global Health, which operates hospitals under the Medanta brand, on Friday said its consolidated profit after tax increased 4 per cent year on year to Rs 106 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax (PAT) of Rs 102 crore in the April-June quarter. Revenue from operations rose to Rs 861 crore in the June quarter as compared to Rs 779 crore in the year-ago period, Global Health said in a regulatory filing. Medanta Chairman & Managing Director Naresh Trehan said that on July 22, 2024, the company has received confirmation from the Mumbai Housing and Area Development Authority (MHADA) regarding a successful bid for a land parcel measuring 8,859.24 square meter at Mauje-Oshiwara, Jogeshwari, Mumbai. "This pivotal step marks Medanta's entry into the dynamic Mumbai market, where we plan to establish a 500-plus-bedded super-speciality hospital," he added. The facility will provide medical services and advanced treatment options to the ..

IRB Infrastructures Developers Q1 results: Net profit up 5% at Rs 140 cr

IRB Infrastructures Developers Ltd on Friday posted around 5 per cent rise in consolidated profit after tax to Rs 140 crore during June quarter on account of higher income. It had reported a profit after tax (PAT) of Rs 134 crore in the April-June quarter of preceding 2023-24 financial year, the company said in an exchange filing. The company's total income rose to Rs 1,972 crore in the reporting quarter from Rs 1,745 crore in the year-ago period, registering an increase of 13 per cent. In a separate statement, Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Limited, said, "It is a promising start for FY25 with the continued robust momentum in toll collection, especially with the newly added assets to our portfolio." The company looks forward for further growth with the government's continued focus on PPP (public private partnerships) projects and several upcoming opportunities in the sector. The company's toll collection for Q1FY25 was at Rs ...

Zydus Lifesciences Q1FY25 results: Net profit rises 31% to Rs 1,420 cr

Zydus Lifesciences on Friday said its consolidated net profit increased 31 per cent year on year to Rs 1,420 crore in the first quarter ended June 2024 on the back of robust sales. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal. Revenue from operations rose to Rs 6,207 crore in the period under review as compared to Rs 5,140 crore in the June quarter of FY24, Zydus Lifesciences said in a statement. "Sustained growth momentum across our businesses along with enhanced profitability drove our strong Q1 performance," Zydus Lifesciences Managing Director Sharvil Patel said. Execution success of company's differentiated pipeline in the US and outperformance of India geography business were particularly noteworthy, he added. "We are on course to achieve our growth aspirations for FY25 and are committed to investing in sustainable growth initiatives and innovative solutions for the future," Patel said. The company said its India sales

This BSE200 stock hit Rs 1 trillion market cap; zoomed 90% in 3 months

Suzlon market cap hits Rs 1 trn on Friday: The sharp rise in market cap was due to allotment of equity shares in rights issue; conversion of optionally convertible debentures and bonds into stock.

Should you buy or sell RVNL post Q1 results; here's what chart suggests

The overall bias for RVNL stock is likely to remain positive as long as the stock holds above Rs 490 levels; however, current momentum hints at likely 9 per cent downside risk at the counter.

Eicher Motors Q1 FY25 results: Net profit rises 20% to Rs 1,101 crore

Royal Enfield has witnessed a good start to FY25. Our diverse product range strengthened our position in the mid-size segment across the globe

LIC Q1 FY25 results: Net profit increases 9.6% to Rs 10,461 crore

LIC has booked a profit of Rs 15,500 crore in Q1FY25 from its equity investments

Eureka Forbes Ltd Q1FY25 results: Net profit up 26.4% at Rs 32.15 cr

Health and hygiene products maker Eureka Forbes Ltd on Thursday reported a 26.37 per cent increase in its consolidated net profit to Rs 32.15 crore for the first quarter ending June. The company had posted a net profit of Rs 25.44 crore in the April-June quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent International. Its revenue from operation was up 9.61 per cent to Rs 553.37 crore during the quarter under review. It was at Rs 504.81 crore in the corresponding quarter. Eureka Forbes' total expenses increased 8.77 per cent to Rs 512.53 crore in the June quarter. Total income of Eureka Forbes was up 9.64 per cent at Rs 555.71 crore in the June quarter. Commenting on the results, Eureka Forbes MD and CEO Pratik Pota said: "Despite a muted demand environment, we are pleased to report the third successive quarter of double-digit growth in our continuing business. "Growth was broad-based across both Water Purifier and Vacuum

Bayer CropScience Ltd Q1 results: Net profit decreases 23% to Rs 254 cr

Bayer CropScience Ltd on Thursday reported a 23 per cent decline in its net profit to Rs 254.2 crore in the first quarter of this fiscal. Its net profit stood at Rs 328.5 crore in the corresponding period of the previous year. The company's total income fell to Rs 1,658.7 crore in the April-June period of this fiscal from Rs 1,760.3 crore in the year-ago period, according to a regulatory filing.

GRSE Q1 results: PAT up 13% at Rs 87cr amid profit margin contracts

Garden Reach Shipbuilders & Engineers Limited (GRSE), a leading public sector warship builder, reported a 13 per cent increase in net profit for the first quarter ended June 2024, reaching Rs 87 crore. The profit growth was driven by a substantial 34 per cent rise in revenue from operations, which surged to Rs 1,010 crore compared to Rs 756 crore in the same period last year. Earnings per share (EPS) improved to Rs 7.6, up from Rs 6.6 in Q1 FY24. Despite the profit increase, the company's net profit margin contracted to 8.64 per cent from 10.14 per cent year-on-year. GRSE chairman and managing director Cmde Hari PR expressed optimism about the company's growth trajectory, citing strong financial results for Q1 FY25. He noted that the company is confident of maintaining its growth trend, supported by a robust order book and effective project execution plans. "The shipyard is on a growth trajectory, and the Q1FY25 financial results have been very encouraging. Considering our current

Essar Shipping Q1 results: Net loss of Rs 34.53 cr, income at Rs 11.57 cr

Essar Shipping on Thursday reported a consolidated loss of Rs 34.53 crore in the first quarter ended June 2024. The company had clocked a profit of Rs 26.13 crore in the corresponding quarter a year ago, the company said in a regulatory filing to the BSE. Its total income from operations in the June quarter declined to Rs 11.57 crore, against Rs 48.48 crore in the year-ago period. The firm's total expenses stood at Rs 40.56 crore, compared to Rs 30.47 crore in the year-ago period. The company said it's current liabilities, including outstanding portion of Foreign Currency Convertible Bonds (FCCB) which have fallen due for redemption, exceed its current assets as on June 30, 2024.

Improving outlook may drive further gains in Godrej Consumer Products

GCPL has delivered industry-leading volume growth in India and it may record double-digit earnings growth over FY24-26

Global Distriparks Ltd results: Net profit declines 23% to Rs 49 cr

Logistics operator Global Distriparks Ltd (GDL) on Thursday said its net profit declined 23 per cent to Rs 49 crore during the June quarter over the corresponding quarter of last year. The company had posted a profit of Rs 63.72 crore in the first quarter of FY 24, GDL said. According to the company, total revenue for the quarter under review stood at Rs 357.65 crore, down 4.59 per cent from Rs 374.85 crore in Q1FY24, it said. Revenue from rail vertical dropped 2.86 per cent year-on-year to Rs 289.90 crore while CFS (container freight stations) revenue slipped 11.32 per cent year-on-year at Rs 67.75 crore, the company stated. CFS revenue includes an adjustment of reduction of Rs 8.42 crore on account of a change in accounting method for Q1FY25, the company said. During the June quarter, GDL said, it handled a total container traffic of 171425 TEUs, which was 4.71 per cent lower compared to 170897 TEUs handled in the same quarter of last year. The rail vertical traffic stood at 82

India Shelter Finance Q1 results: Net profit surges 77% to Rs 84 cr

India Shelter Finance Corporation on Thursday reported a 77 per cent year-on-year growth in profit after tax (PAT) to Rs 84 crore in the three months ended June 2024. In comparison, the company posted a PAT of Rs 47 crore on the year-ago period. The company registered a 37 per cent year-on-year (YoY) growth in Assets Under Management (AUM) to Rs 6,509 crore in the April-June quarter of the current financial year (FY25) from Rs 4,759 crore in the year-ago period. "India Shelter delivered another quarter of consistent performance across parameters with sustainable growth in our AUM. We now operate out of 236 branches across 15 states, having added 13 new branches during the quarter," Rupinder Singh, Managing Director and CEO of India Shelter Finance Corporation, said. "Going forward, we will continue to focus on sustainable growth by penetrating deeper into our existing geographies, where a significant unserved and underserved population resides," he added. The company's disbursemen

Lincoln Pharma Q1FY25 results: Net profit jumps 24% to Rs 23.67cr

Drug maker Lincoln Pharmaceuticals on Thursday said its consolidated net profit jumped by 24.51 per cent to Rs 23.67 crore in the April-June quarter of 2024-25 compared to Rs 19.01 crore in the year-ago quarter. Total income of the Ahmedabad-bnased company rose by 10 per cent to Rs 157.69 crore in the quarter under review from Rs 143.31 crore in the first quarter of 2023-24. Its operating profit (EBITDA) rose by 16.65 per cent to Rs 33.14 crore in the quarter from Rs 28.41 crore in Q1FY24. Both domestic and export operations have shown robust growth and the company is confident to enhance profitability and margins going forward, the company said in a statement. With focused growth strategies and business expansion plans for value added products and expanding to newer markets, the company is targeting revenue of Rs 750 crore in FY26, it said in the earnings statement. Lincoln Pharmaceuticals shares closed 0.95 per cent down at Rs 652.75 on BSE.

Container Corporation of India Q1 results: Net profit rises 5% to Rs 258 cr

Consolidated net profit rose to Rs 258 crore ($30.7 million) for the quarter ended June 30, from Rs 246 crore a year ago

SAIL Q1 results: Net profit falls 61% to Rs 81.78 cr on frail demand

The state-owned firm's consolidated net profit fell more than 61 per cent to Rs 81.78 crore (around $10 million) for the quarter ended June 30