Page 10 - Results

NRL records highest profit after tax since inception at Rs 3,703 crore

The Numaligarh Refinery Limited (NRL) has registered the highest-ever Profit After Tax (PAT) since its inception at Rs 3,703 crore as compared to Rs 3,562 crore registered in the last fiscal, chairman R Rath said on Saturday. In a first, the refinery was also able to achieve capacity utilisation of more than 100 per cent, processing 3,091 TMT of crude oil since its inception, Rath said at the post-AGM press conference after virtually addressing NRL's 30th Annual General Meeting. The refinery also achieved the highest-ever distillate yield of 87.7 per cent and best-ever specific energy consumption (SEC) of 61.7 MBN, he said. The company also recorded the highest-ever revenue from operations during the year at Rs 29,786 crore as compared to Rs 23,547 crore the previous year, he pointed out. The earning per share (EPS) of the company also saw a surge to Rs 25.17 as compared to Rs 24.21 in 2021-22 while the net worth increased to Rs 11,427 crore as on March 31, 2023 as against Rs 8,388

SpiceJet back in black; posts Rs 205 crore profit in June quarter

No-frills carrier SpiceJet on Monday reported a net profit of Rs 205 crore in the three months ended June, helped by strong air travel demand. The airline, which is facing multiple headwinds, had recorded a net loss of Rs 789 crore in the year-ago period. In a release, SpiceJet said the profit of Rs 205 crore was on account of "strong demand for air travel in India". "Total operating revenue for the reported quarter was Rs 2,002 crore as against Rs 2,457 crore in the same quarter of the previous year," it said. In the first quarter of this fiscal, operating expenses declined to Rs 1,291 crore as against Rs 2,072 crore in the same period a year ago. SpiceJet Chairman and Managing Director Ajay Singh said that despite facing multiple challenges, the airline posted a profit in the first quarter of the current financial year. "I am pleased to have contributed to its growth by infusing Rs 500 crore into the company. This infusion will help bolster our efforts in reviving our grounded

Honeywell Automation India's profit growth slows as expenses climb

Engineering firm Honeywell Automation India reported its slowest profit growth in five quarters on Thursday, as expenses, led by the rising costs, outpaced revenue

LIC Q1 net profit jumps multifold to Rs 9,544 cr; GNPA eases to 2.48%

The net premium income of LIC was almost flat at Rs 98,362.75 crore, compared to Rs 98,351.76 crore in the corresponding period of last year

Sanofi India Q2 net profit up 2.5% at Rs 123 cr, revenue at Rs 706 cr

Drug firm Sanofi India on Thursday said its net profit increased by 2.5 per cent to Rs 123 crore for the second quarter ended on June 30, 2023. The company reported a net profit of Rs 120 crore in the April-June quarter of last year. Revenue from operations rose to Rs 706 crore in the period under review from Rs 699 crore in the same period last year, Sanofi India said in a regulatory filing. The company follows a January-December financial year. "The company has delivered a strong second quarter performance despite the National List of Essential Medicines (NLEM) impact," Sanofi India Managing Director Rodolfo Hrosz said. The company will continue to focus on driving further improvement in operating efficiencies while expanding the availability of its established and innovative products in India, he added.

Insecticides India Q1FY24 profit falls 24% on higher expenses

Insecticides (India) Ltd on Thursday posted a 24 per cent drop in its consolidated net profit to Rs 29.14 crore during the first quarter of 2023-24 on higher expenses. Net profit stood at Rs 38.30 crore in the same quarter of the previous financial year, according to a regulatory filing. Total consolidated income increased to Rs 639.95 crore during the April-June quarter of the 2023-24 fiscal from Rs 560.68 crore in the year-ago period. However, the company's expenses were higher at Rs 604.35 crore as against Rs 510.26 crore in the said period. The company said it incorporated a wholly-owned subsidiary IIL Overseas DMCC (Dubai) on May 1 this year to carry out the business of trading of insecticides, agricultural and veterinary products. Shares of the company settled lower by 0.71 per cent at Rs 463.45 apiece on BSE on Thursday.

Godrej Ltd Q1FY24 result: Consolidated net profit falls 7% to Rs 318 crore

The revenue from operations for Q1FY24 came in at Rs 3,448.91 crore, compared to Rs 3,124.97 crore year-on-year

ICAI to release CA Foundation exam result June 2023, here's how to check

ICAI is set to release CA Foundation June 2023 exam results today, August 7 at 9 pm. Students can check their results on the official website, i,e., https://www.icai.org/

Vardhman Textiles Q1FY24 result: Net profit falls 58% YoY to Rs 136 crore

The total income for Q1FY24 came in at Rs 2,412.57 crore, compared to Rs 2,831.79 crore YoY, falling 14.8 per cent

M&M Ltd Q1FY24 result: Consolidated net profit up 56% YoY to Rs 3,683 cr

The revenue from operations for Q1FY24 came in at Rs 33,406.44 crore, compared to Rs 28,412.38 crore year-on-year

Dabur India Q1FY24 results: Consolidated net profit up 3.5% to Rs 456 cr

The total income for Q1FY24 came in at Rs 3,240.25 crore, compared to Rs 2,922.98 crore year-on-year

Zomato Q1FY24 results: Food delivery platform reports net profit of Rs 2 cr

Zomato's revenue from operations rose nearly 70.86% YoY to Rs 2,416 crore from Rs 1,414 crore last year

Zydus Wellness Q1 results: Net profit falls 19.41% YoY to Rs 11,040 cr

Zydus Wellness' revenue from operations fell nearly 0.89% YoY to Rs 69,920 crore from Rs 69,300 crore last year

MRF Q1FY24 results: Consolidated net profit jumps 376% YoY to Rs 588 crore

The revenue from operations for Q1FY24 came in at Rs 6,440.29 crore, compared to Rs 5,695.93 crore year-on-year

Adani Ports & SEZ total cargo volumes jump 7% YoY to 34 MMT in July

The company's logistics volumes continue to record significant jump with year-to-date (YTD) rail volumes of 178,689 TEUs

Triveni Turbine net profit rises by 59% to Rs 61 cr in June quarter

Triveni Turbine on Tuesday posted over a 59 per cent rise in its consolidated net profit to Rs 61 crore, mainly due to higher revenues. The consolidated net profit of the company was Rs 38.3 crore in the quarter ended June 2022, a company statement showed. Its revenues from operations increased to Rs 376.4 crore in the quarter from Rs 259 crore a year ago. "In the first quarter of FY24, Triveni Turbines has delivered yet another impressive performance. The momentum in revenue growth remained strong during the quarter with 45 per cent growth over the previous corresponding period," said Triveni Turbine Chairman and Managing Director Dhruv M Sawhney. At the end of the quarter, the company had a record closing order book of Rs 1,410 crore, up 31 per cent year-on-year, he added.

Growth moderation

Lower commodity prices can help protect margins

Exxon Mobil Corp posts 56% profit slump, joins peers in energy price hit

Exxon's oil production is at 3.7 million barrels of oil equivalent per day (boed) year to date, in line with the company's annual target, Mikells said

Bajaj Finserv Q1 results: Net profit jumps 48.3% YoY to Rs 1,942.63 crore

The company's revenue from operations rose nearly 46.5% YoY to Rs 23,279.98 crore from Rs 15.888.26 crore last year

Bajaj Finance Q1FY24 results: PAT rises 32% YoY to Rs 3,437 crore

Bajaj Finance's total revenue from operations grew 34.6% YoY to Rs 12,497.81 crore from Rs 9,284.26 crore