Shree Cement Q2 Results: Profit Rises 77% Led By Lower Costs Shree Cement Ltd.'s quarterly profit rose amid lower expenses and depreciation. Net profit increased 70% year-on-year to Rs 526.97 crore in the quarter ended September. Revenue rose 8% year-on-year to Rs 3249.93 crore. The company operating margins up by 163 bps to 30.76%. As a result operating profit was up by 14% to Rs 999.73 crore. Profit before interest,...
The company operating margins rose 540 bps to 16.4%. As a result operating profits increased 60% to Rs 6110.78 crore. Other income increased 21% to Rs 222.14 crore. Interest cost was up 4% to Rs 1940.24 crore. Depreciation rose 6% to Rs 2261.13 crore....
(MVML), which is a manufacturing unit of M&M.; Total Income in Q2 September 2020 stood at Rs 23566.75 crore, down by 1.53% from Rs 23935.53 crore in Q2 September 2019. M&M;'s profit before tax in Q2 September 2020 stood at...
UPL Q2 PAT soars 166% to Rs 537 cr, above estimates Consolidated revenue from operations came at Rs 8,939 crore in Q2 September 2020, 14.35% higher than Rs 7,817 crore in the same quarter last year. Profit before tax (PBT) stood at Rs 655 crore in Q2 September 2020, rising 112% from Rs 309 crore in the corresponding period last year. Current tax fell 25% year on year to Rs 201 crore in Q2 September 2020. EBITDA grew 17% to Rs 1,808 crore in Q2 September 2020 from Rs 1,541 crore in Q2 September 2019....
Hindalco Industries Limited, a global leader in aluminium and copper, announced consolidated results for the quarter ended September 30, 2020. Despite a one-time impact of Rs.1,398 crore on account of the divestiture of the Lewisport unit of Aleris, the Company reported a...
ITC Ltd.'s profit misses estimates, Q2 PAT declines 20% to Rs 3,232 cr Net sales fell 3.81% to Rs 11,098.24 crore in Q2 September 2020 over Q2 September 2019. Profit before tax (PBT) declined 11% to Rs 4,274.32 crore during the period under review....
quality on sequential basis as well as over a year earlier level. Bank has improved Net Interest Margin (NIM) to 3.12% helping Net Interest Income (NII) growth to accelerate in Q2FY2021. Bank has maintained steady and healthy business growth at 11% along with improved CASA deposits ratio of 45.4% at end September 2020. Asset quality improves: Bank has improved the asset quality on sequential as well as yearon-year basis in Q2FY2021. Fresh slippages of advances dipped to Rs 2756 crore (annualized 0.5% of advances in...
On the back of rebound in economic activities, cargo volume bounced back and registered a growth of 36% on a QoQ basis and 7% on a YoY basis. All segments of cargo registered growth on a QoQ basis. While coal registered 30% growth, container grew by 34%, crude by 52% and other bulk cargo registered a growth of 40%....
Sun Pharma records Q2 net profit of Rs 1813 cr, above estimates Total Income has reported 5.29% to Rs 8553.13 crore in Q2 September 2020 as against Rs 8123.35 crore in Q2 September 2019. Consolidated profit before tax (PBT) soared 33.75% to Rs 1,917.18 crore in Q2 September 2020 as against Rs 1,433.38 crore in Q2 September 2019. Current tax expense for the quarter fell 3.36% to Rs 257.08 crore as against Rs 266.03 crore in Q2 September 2019. Consolidated profit after tax (PAT) after minority interes has soared 70%...
NTPC Q2 PAT declines 7.74% to Rs 3436 cr and board approves share buyback worth Rs 2,275 cr, in line with the estimates The board of directors of NTPC on Monday (26 October) approved a buyback proposal. The company aims to buyback upto 19.78 crore shares (2% of the total number of fully paid-up equity shares) at Rs 115 per share. The buyback will be on a proportionate basis through a tender offer route. The company has fixed 13 November 2020 as the record date for the purpose of ascertaining the eligibility of...
1627.04 crore in Q2FY2020 from part stake sale in Gruh Finance leading to higher base and yoy decline in profit for Q2FY2021. However, the company has exhibited an improvement in the net interest margins. The cost to income ratio has improved 8.4% in Q2FY2021 from 9.4% in Q2FY2020. The loan growth of the company remained healthy and steady at 11% with the pick-up in disbursement. The operating profit of the company increased 9%, but profit on sale of investments declined...
ICICI Bank reported robust moderate 549% growth in net profit at Rs 4251.33 crore for the quarter ended September 2020 (Q2FY2021). Bank has posted healthy 16% growth in net interest income, while exhibited strong improvement in cost-to-income ratio in Q2FY2021. Oneoff revenues from sales of stake in securities business subsidiary also boosted the non-interest income of the bank. Bank has showed stable business growth, while CASA ratio improved in Q2FY2021. The asset quality of the bank has improved in Q2FY2021. Asset quality improves: Bank has exhibited improvement in asset quality in Q2FY2021 with strong recoveries and write offs of loans. Fresh slippages increased to Rs 3017 crore in Q2FY2021 from Rs 1160 crore a quarter ago and...
Current tax expense jumped 18.7% year-on-year to Rs 255.27 crore in Q2 September 2020. Volumes grew 7.7% to 18.22 lakh units sold in Q2 FY21 over Q2 FY20. EBITDA jumped 16.80% to Rs 1286 crore in Q2 September 2020 as against Rs 1101 crore in Q2 September 2019....
Dr Reddys Labs reported on weak Q2 outcome, misses estimates Consolidated total income jumped 2% to Rs 4910.90 crore in Q2 September 2020 as against Rs 4812.80 crore in Q2 September 2019. Profit before tax (PBT) jumped 12.48% to Rs 862.10 crore in Q2 September 2020 as against Rs 766.40 crore in Q2 September 2019. Tax expense for...
Tata Motors records loss of Rs 314 cr in July-Sept quarter, misses' estimates Net sales during the quarter declined 18.4% year-on-year (YoY) to Rs 52,839.02 crore. Finance costs increased by Rs 114 crore to Rs 1,950 crore during Q2 FY21 compared with the prior year due to higher gross borrowings as compared to Q2 FY20....
RIL Q2 PAT slips 15% YoY; GRM slips to $5.7 per barrel, above estimates RIL achieved revenue of Rs 128,385 crore as compared to Rs 100,929 crore in the trailing quarter. The increase in revenue was primarily due to higher price realizations in O2C segment, strong recovery in Retail operations and sustained subscriber addition with improvement in...
Bharat Petroleum Corp. Ltd. (BPCL) Q2, Profit turns sweeter after cost-cutting measures, improvement in refining margins BPCL consolidated net sales fell 23% to Rs 49408.6 crore for the quarter ended Sep20 compared to corresponding previous year period. This included nil subsidy from the...
