Sale of branded formulations in India for Q1FY20 was Rs. 2,314 crores, up by 8% over Q1 last year and accounted for 28% of total sales. Sun Pharma is ranked No. 1 and holds approximately 8.2% market share in the over Rs. 132,000 crore Indian pharmaceutical market as per AIOCD...

Q1FY20, Profit misses estimates on higher finance costs NTPC, the public sector power major has registered 7% growth in standalone sales to Rs 24192.59 crore for the quarter ended June 2019. Higher sales together with 50 bps expansion in operating profit margin to 26.7% has facilitated 8% growth in operating profit to Rs 6452.38 crore. But with other income more than double (up 139%) to Rs 326.22 crore, the PBIDT was up by 11% to Rs 6778.60 crore. After accounting for higher interest and depreciation cost the...

OPM fell 320 bps to 15.4% leading to 18% fall in operating profit to Rs 16887.4 crore. Cost of material consumed as a percentage of adjusted net sales was down to 18.1% compared to 20.9%. Employee benefit expense rose to 1.5% from 1.3%. Statutory levies decreased to 11.2% compared to 14% while exploration cost written increased to 2.2% from 1% and other...

Q1FY20, Profit fell in the quarter, misses estimates, dragged by exceptional loss on impairment of its payments bank venture Consolidated revenue for the quarter stood at Rs.18,861Cr.Consolidated EBITDA at Rs.4,217 Cr. recorded a growth of 31% YoY and PBT (Before Exceptional item) was up by 35% YoY to...

BPCL consolidated net sales rose 6% to Rs 76325.39 crore for the quarter ended June 2019 compared to corresponding previous year period. This included subsidy from the government of Rs 139.22 crore down 44% on a y-o-y basis. Excluding compensation from the government sales of the company rose 6% to Rs 76186.17 crore. OPM of the company fell 250 bps to 3.9%. As a result operating profits fell 35% to Rs 2981.84 crore. Cost of material consumed as a percentage to net sales (net of stock adjustments) fell 30...

Coal India (CIL) total income from operation inclined 4% to Rs 24,938.99 crore for the first quarter ended June 2019, chiefly due to rise in realization. Coal India's production grew marginal 0.1% to 136.94 million tonnes (MT) during quarter, meanwhile Offtake virtually flat at...

Note: Effective 1 April 2019, the Company has adopted Ind AS 116, Leases (which replaces the earlier Lease standard) under the modified retrospective method. There is no material impact on transition to Ind AS 116 on retained earnings as on 1 April 2019 and the unaudited financial results for the quarter ended 30 June 2019. The management of the company believes that it can increase its market share despite a depressed sentiment. It will be pushing for introducing new categories apart from pushing for dominance in markets where it has lesser presence. For the quarter ended June 2019, consolidated sales grew 6% to Rs 2700.35 crore. OPM fell 130 basis points to 14.0% which took OP down 3% to Rs 379.05 crore. Other income grew...

operating profits to Rs 2357.61 crore. Cost of material consumed as a percentage of adjusted net sales fell 60 bps to 5.5%. Purchase of stock in trade was up 60 bps to 72.8%. Employee benefit expense rose 20 bps to 2.4%. Other expenses fell 20 bps to 6.3%. Other income was up 30% to Rs 159.9 crore. As a result PBDIT increased 2% to 2517.2 crore....

estimates due to overseas investments and wage settlement Titan Company Limited reported a growth of 14.5% in topline during Ql of FY 2019-20. The sales income grew from Rs.4269 crores last year to Rs.4885 crores in Q1 FY20. The profit...

Hindalco consolidated net sales fell 4% to Rs 29972.13 crore in Q1FY'20 compared to corresponding previous year period. Operating margins of the company fell 190 bps to 11.6% leading to 17% decrease in operating profits to Rs 3470.14 crore. Cost of material consumed as a percentage of net sales (net of stock adjustment) fell 170 bps to 59.1% while employee benefit expenses rose 50 bps to 7.2%. Power and fuel expenses were up 150 bps to 8.1% and other expenses increased 110 bps to 14%. Other income rose 131% to Rs 296.07 crore. PBDIT decreased 13% to Rs 3766.21 crore. Interest cost rose 5% to Rs 956.64 crore in current quarters compared to Rs 912.65 core in the...

In the first quarter, M&M;'s total auto sales stood at 1,23,690 units as against 1,30,484 units in the year-ago period, down 5%. Tractor sales decreased 15% yoy to 82,013 units. Mahindra Vehicle Manufacturers Limited (MVML), located at Chakan near Pune, was set up as a 100% subsidiary of the company with a view to sourcing contemporary products for expanding the market offerings of the company. Hence, it is a critical part of its business and...

US business 61% growth year on year(in US $ terms) for the quarter; base business grows year on year Quality Focus: Received EIR for Kurkumbh plant for the inspection by the...

first quarter ended June 2019, on the back of higher production and improved realisation. The combined domestic cement and clinker sales volume increased 2.2% to 17.86 million tonnes (mt), while realization increased by 11.9% to Rs 5,699 per tonne....

the quarter ended June 2019. OPM fell 70 bps to 21.7% which saw OP fall 1% to Rs 3570 crore. Other income fell 9% to Rs 183 crore and interest cost was up 26% to Rs 87 crore. After providing for depreciation (up 35% to Rs 735 crore), PBT fell 8% to Rs 2931 crore. Provision...

Indiabulls Housing Finance has recorded 24% dip in the net profit to Rs 801.53 crore for the quarter ended June 2019. The net interest income of the company dipped 13%, while net provisions jumped 128% causing decline in the net profit of the company in Q1FY2020. The company has witnessed marginal decline in the margins, while asset quality deteriorated. The net interest income of the company declined 13% to Rs 1475 crore in the quarter ended June 2019. The company has witnessed decline in spreads to 3.14% in Q1FY2020 from 3.23% in Q1FY2019, as cost of funds increased to 8.91% in Q1FY2020 from 7.92% in Q1FY2019. The yield on loans also increased to 12.05% in Q1FY2020 from 11.15% in Q1FY2019....

(mt) and 6.34 mt respectively. The company operating margins fell 290 bps to 15%. As a result operating profits decreased 15% to Rs 5376.90 crore. Cost of material consumed as a percentage of net sales (net of stock adjustment) increased 420 bps to 37.8%. Purchase of stock in trade was up 40 bps to 4.3%, Employee benefit expense fell 10 bps to 12.8% and other expenses decreased 140 bps to 31.1%. Other income decreased 29% to Rs 251.1 crore. Interest cost was up 9% to Rs 1806.43 crore....

June 2019. The credit deposit ratio stood at 75.9% at end June 2019. Bank has also maintained steady CASA deposits ratio of 45.1% at end June 2019. Asset quality stable: Bank has maintained stable the asset quality on sequential, while exhibited healthy improvement on year-on-year basis in Q1FY2020. However, the high...

Consolidated revenue from operations rose by 5 per cent to Rs 20,737.90 crore in Q1FY20 as against Rs 19,799.20 crore in Q1FY19. Higher loss was due to an exceptional cost of Rs 1,469 crore for network refarmingredeploying spectrumand other provisions during the first quarter. And adoption of the Ind AS 116 accounting standard also aided numbers. Other income de-grew by 37% to Rs 167.7 crore and interest cost jumped 50% to Rs 3181.50...

Eicher Motors Ltd.s profit fell in the quarter ended June as margin contracted amid the worst auto slowdown in a decade, Misses Estimates. Eicher Motors reported 22% drop in its consolidated net profit of Rs 451.77 core for the first...

UPL quarterly profit dives by 91% , misses estimates UPL is a global generic crop protection, chemicals and seeds company. The company is engaged in the business of agrochemicals, industrial chemicals and chemical intermediates. Its consolidated net profit fell 65.1% to Rs 178 crore on 91.2% rise in net sales to Rs 7906 crore in Q1 June 2019 over Q1 June 2018....