GAIL grows over pre-Covid levels, reports hike in net profit in Q2
NEW DELHI: Gas transportation utility GAIL on Tuesday reflected the general positive sentiment in the economy during the unlock phase reporting 16.5 per cent growth in its net profit for the July-September quarter of current financial year to Rs 1,239 crore as compared Rs 1,065 crore profit in the corresponding period of previous fiscal. The […]
Daimler India opens 165 seat Global Capability Centre
NEW DELHI: Commercial vehicles maker Daimler India Commercial Vehicles (DICV) on Tuesday said it has opened a new Global Capability Centre here. The 165 seat facility is designed to house the company’s “shared services” business stream. Shared services refers to the various services DICV exports to other Daimler entities around the world, including research and […]
Bata India slips on posting Q2 net loss of Rs 44 crore
NEW DELHI: Bata India fell 1.14% to Rs 1349.25 after the footwear major posted a consolidated net loss of Rs 44.32 crore in Q2 September 2020 as against net profit of Rs 71.30 crore in Q2 September 2019. Net sales declined 49% year on year to Rs 367.87 crore in Q2 September 2020 over Q2 […]
RITES reports 44% fall in its Q2 net profit
NEW DELHI: RITES Ltd on Tuesday reported a 44 per cent year-on-year fall in its net profit for the July-September quarter at Rs 132 crore. During the same period last year, the company had reported a net profit of Rs 237 crore. Revenue of the company during the period under review, declined to Rs 500 […]
C K Birla Group firm HIL Q2 net profit up almost 3-fold to Rs 94 crore
NEW DELHI: C K Birla Group firm HIL Ltd on Tuesday reported nearly three-fold jump in consolidated net profit at Rs 94.33 crore in the second quarter ended September 30. The company had posted a net profit of Rs 31.94 crore in the same quarter last fiscal, HIL said in a regulatory filing. Consolidated revenue […]
Motherson Sumi Systems Q2 net profit rises 3% to Rs 388 crore
NEW DELHI: Auto component manufacturer Motherson Sumi Systems on Tuesday reported a 2.7 per cent rise in consolidated net profit at Rs 387.93 crore for the second quarter ended September 30. The company had posted a net profit of Rs 377.73 crore in the July-September period of previous fiscal. Total revenue from operations, however, declined […]
Hindustan Copper reports 53% decline at Rs 9 crore for September quarter
NEW DELHI: Hindustan Copper on Tuesday reported 53 per cent decline in consolidated net profit at Rs 9.15 crore for the quarter ended September 30. The company had posted a net profit of Rs 19.47 crore in the year-ago period, Hindustan Copper said in a filing to BSE. Revenue from operations during the quarter under […]
Tata Power consolidated net profit rises 10% to Rs 371 crore in Q2
NEW DELHI: Tata Power on Tuesday posted a 10 per cent increase in consolidated net profit at Rs 371 crore for the quarter ended September 2020. “Consolidated PAT stood at Rs 371 crore (in July-September 2020) up by 10 per cent as compared to Rs 339 crore in Q2 FY20 due to stable performance across […]
Mahindra Q2 PAT dips 88% to Rs 162 crore, shuts aircraft business in Australia
NEW DELHI: Mahindra & Mahindra (M&M) on Tuesday reported an 88 per cent drop in its profit after tax (PAT) to Rs 162 crore for the second quarter ended September 30, mainly on account of an impairment provision of Rs 1,149.46 crore for certain long-term investments. The auto major along with one unit, Mahindra Vehicle […]
Future Consumer reports widening consolidated Q2 loss at Rs 147 crore
NEW DELHI: Future Consumer on Tuesday reported widening of consolidated loss to Rs 146.83 crore for the quarter ended September, on account of steep fall in total income. The company had posted a loss of Rs 16.75 crore in July-September period last year, Future Consumer said in a BSE filing. However, the company’s total income […]
GMR Infrastructure net loss widens to Rs 750 crore in September quarter
NEW DELHI: GMR Infrastructure Ltd on Tuesday reported widening of its consolidated net loss to Rs 750 crore during the quarter ended September 30, 2020. The company had posted a net loss of Rs 458 crore during the same quarter a year ago, GMR Infrastructure said in a BSE filing. Total income declined to Rs […]