Maruti Suzuki Q1FY21 results: reported Net loss of Rs.266.90 crore; Production challenges persist; misses Street estimates Consolidated sales for the period was down by 79% to Rs 4110.60 crore and the OP was a loss...

The company reported deal wins worth $300 million during the quarter under review, with $100 million worth of communication contracts and $190 million in enterprise space. Manufacturing was the worst hit vertical, with revenue from the segment declining 11%...

production disruption across factories. Demand in Out Of Home channel was severely reduced. The OPM increased 76 bps to 24.51% and the operating profit up by 5% to Rs 747.56 crore. Other income fell 48% to Rs 37.93 crore in Q2FY'21 compared to Rs 72.59 crore in Q2FY'20 while interest cost was up by 27% to Rs 40.80 crore. Depreciation decreased by 2% to Rs 92.42...

of taxes) declined 33% year-on-year (YoY) to Rs 7533 crore in in the first quarter of the financial year 2020-21 (Fy21). EBITDA fell 24% to Rs 2353 crore in Q1 June 2020 from Rs 3084 crore in Q1 June 2019. Profit before tax in Q1 FY21 stood at Rs 1314 crore, down by 31% from Rs 1893...

The OPM decreased 740 bps to 11.4%. Thus the operating profit fell by 64% to Rs 1341 crore. Cost of material consumed as a percentage of adjusted net sales fell 30 bps to 54.2%. Employee benefit expenses rose 160 bps to 5.2%. Power and fuel expenses increased 240 bps to 10.5%....

ITC Ltd.s profit misses estimates, Profit Falls 25% but FMCG Revenue Rises 10.3%, Localized lockdowns are posing operational challenges Unprecedented disruptions in economic activity caused by nationwide lockdowns in the wake of COVID-19 pandemic weighed on the Company's performance during the quarter. Hotels, Cigarettes, ESPB and Paperboards & Packaging Businesses were impacted the most. FMCGOthers Segment delivered a strong performance driven by Staples, Convenience Foods and Health & Hygiene products, leveraging the strong equity of the Company's brands and a robust portfolio of relevant and innovative products. Other than the Hotels segment, progressive...

ICICI Bank reported 36% growth in net profit at Rs 2599.15 crore for the quarter ended June 2020 (Q1FY2021) driven by strong growth in the net interest income as well as non-interest income. The bank has reduced expenses, support sharp increase in operating profit. The net interest margins of the bank has declined on sequential basis due to high liquidity, but it was higher over a year ago level. The bank has witnessed decline in the core fee income due to lockdown and moderation in loan growth. The business growth of the bank was steady at 14% end June 2020 mainly driven by surge in...

operations of the company. But with operating profit margin (OPM) contract by 120 bps to 25.1%, the operating profit was down by 1% to Rs 2695 crore. Other income was up by 6% to Rs 154 crore and thus the PBIDT was down by 1% to Rs 2849 crore. After accounting for higher interest cost (up 15% to Rs 31 crore) and higher depreciation (up12% to Rs 257 crore), the PBT was down by 2% to Rs 2561 crore. The EO expense was Rs 119 crore, a swing of RS 126 crore. Thus the PBT after EO was down by 7% to Rs 2442 crore. However with taxation stand lower by...

Larsen and Toubro Ltd.'s quarterly Profit misses Estimates, Ordering activity in infra and water to pick up in the later part of current fiscal Larsen & Toubro the engineering construction to software majorhas registered 28% fall in consolidated revenue to Rs 21259.97crore for the quarter ended Jun 2020.Lower sales together with 280 bps contraction in operating profit margin to 7.6%, the operating profit was dragged...

Asian paints consolidated net sales fell 43% to Rs 2922.66 crore for the quarter ended June20 consumed as a percentage of net sales (net of stock adjustment) fell 300 bps to 47.3% while purchase of stock in trade rose 30 bps to 6.7%, employee benefit expense rose 610 bps to...

Depreciation moved up 34% to Rs 84.22 crore, while loan loss provisions zoomed 206% to Rs 1685.73 crore in Q1FY2021. PBT dipped 29% to Rs 1309.69 crore. Effective tax rate declined to 26.5% in Q1FY2021 from 35.4% in Q1FY2020. Net Profit of the company fell 19% to Rs 962.32...

Bajaj Finserv Q1 FY21, PAT jumps 44% to 1215 cr, above estimates Bajaj Finserv (BFS) is the holding company for the various financial services businesses under the Bajaj group. BFS holds 52.82% stake in Bajaj Finance and 74% stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. Total income of the company for the June quarter rose to Rs 14,192.01 crore, up 15.64 per cent from Rs 12,272.26 crore. Profit before tax (PBT) stood at Rs 2,568.08 crore in Q1 FY21, up by 13.9% from Rs 2,255.24 crore in Q1 FY20. Total tax expense fell 19.37% YoY to Rs 645.86 crore during the quarter. PAT stood at Rs. 1215.15 crore, up by 43.74%....

Continues accelerated provisioning for challenges ahead, above estimates Axis Bank has posted 19% decline in the net profit to Rs 1112.17 crore in the quarter ended June 2020 driven by sharp decline in the non-interest income and increase in provisions. However, the bank has recorded strong 20% surge in the Net Interest Income in Q1FY21 while the bank also improved cost to assets ratio by 8 bps qoq to 2.00% The business growth of the bank was stable with 19% growth in deposits, while the loan book...

Consolidated revenue from operations stood at Rs 3,420.67 crore in Q1 June 2020, rising 27% from Rs 2700 crore in the same period last year. Profit before tax (PBT) jumped 88% year-onyear to Rs 737 crore in Q1 June 2020. Total tax expense surged 36% to Rs 194.37 crore in Q1 June 2020 over Q1 June 2019 and PAT grew by 118% to Rs.543 crore. Profit of the company more than doubled and its margin expanded as the fast-moving consumer goods maker cut...

Revenue at Rs.17,841crores; down 4.0% QoQ & up 8.6% YoY, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margin at 25.6%, Earnings Before Interest and Taxes (EBIT) margin at 20.5% and Net Income at Rs.2,931 crores ; down 7.3% QoQ & up 31.43%YoY The Company's revenue in constant currency was down 7.2% QoQ & up 1% YoY. HCL said it expects revenue to increase QoQ by an average of 1.5% to 2.5% in constant currency for the next 3 quarters. It expects operating margin between 19.5% and 20.5% for FY21. On a sequential basis, net profit declined 7.3% and revenue fell 4% in Q1 June 2020 over Q4 March 2020. Consolidated EBITDA fell 3.3% to Rs 4566 crore in Q1 June 2020 over Q4 March 2020....

an early single digit QoQ fall in revenue is largely due to fall in revenue of business verticals. up by 6% to Rs 615.20 crore. The PBT was up by 4%qoq to Rs 3095.30 crore after accounting for lower interest cost and higher depreciation. With taxation stand higher by 10%qoq to Rs 683.80 crore, the PAT was down by 3%qoq to Rs 2411.50 crore. The minority interest was...

Tata Consultancy Services (TCS) reported Q1FY21 result, Impact of the pandemic played out broadly in line with expectations Tata Consultancy Services (TCS) for the quarter ended Jun 2020 reported a consolidated revenue of Rs 38322 crore, a fall of 4% compared to sequential previous quarter ended Mar 2020 revenue of Rs 39946 crore. Lower revenue for the quarter is largely as revenue of all...

ONGC reported 7% decrease in its topline to Rs 104488.95 crore in Q4FY20 compared to corresponding previous year period. OPM fell to 3.5% from 15.6% leading to 79% fall in operating profit to Rs 3638.66 crore. Other income of the company rose 39% to Rs 3525.37 crore. Interest cost rose 52% to Rs 2191.34 crore. Depreciation (includes Depletion, Amortization and impairment losses) cost increased 8% to Rs 6771.78 crore. PBT before EO reported loss of Rs 1799.09 crore compared to profit of Rs 12370.11 crore. The...

ITC Ltd.s profit beats estimates, lower tax rate led to growth in profits ITC net sales fell 8% to Rs 11782.16 crore for quarter ended Mar20 compared to corresponding previous year period. The company operating margins increased 40 bps to 38.2%. As a result operating profits fell 7% to Rs 4503.62 crore. Other income of the company fell 3% to Rs 667.76 crore. Interest cost was Rs 14.68 crore...