India saw a sharp decline in the value and number of deals by private equity funds in the third quarter of 2016 compared to last year, said News Corp VCCEdge. Total value of PE deals by funds fell to $1.2 bln, the lowest since third quarter of 2013. During the same quarter last year, the number […]
Zee Media Corporation Limited swung to a profit for the Apr-Jun quarter after it was able to control its expenses, especially in its print arm of DNA. The company cut expenses across the board including operating expenses, employee expenses and marketing costs. Total revenue fell 5% to 128.2 crore compared to same quarter last year, […]
Dabur India announced a 1.2% growth in revenue to 1,923 cr from 1,901 for the April-June period as compared to the same period for the previous year, possibly due to reduced sales promotional activities. The sales promotion expenditure came down by 12.5% to Rs 196.5 cr from 224.7 cr. The reduced expenditure in advertisements seems to […]
Tata Power Consolidated Revenue stood at Rs. 6,566 crore in Apr-Jun quarter as compared to Rs. 7,016 crore a year earlier. This revenue dip is mainly because previous quarter had favorable ATE order impact in standalone for Rs 137 crore, whereas corresponding quarter has an adverse MERC order in Mumbai Transmission Business for standalone of […]
Transport Corporation of India reported a revenue growth of 7.8% and said the company is expecting to deliver double-digit profit and revenue growth this year in the wake of the introduction of the Goods and Services Tax. The GST, which simplifies the sales tax regime in India, is expected to give a major boost to interstate commerce, […]
APL Apollo Tubes said net profit and earnings per share rose by 90% in April-June period. Sanjay Gupta, Chairman said that improved operational efficiencies and along with better product mix resulted in higher margins. Although the overall sales increased by 13% to 1,127.5 cr. Net Profit was Rs 41.4 cr. EPS rose to Rs 17.68 […]
Sun Pharma profits soared fourfold due to growth in sales and proportionally lower expenses compared to the previous year. The net profit after tax stood at Rs. 2,033.71 crores as compared to Rs. 555.9 crores the previous year. Lower material cost and better liquidation of work in progress goods were the major factors for the growth.
Grasim has reported a 64% growth in profit for April-June quarter on strong performance of their Viscose Staple Fibre (VSF) subsidiary. Increase VSF demand and low inventory in China were the major reason for growth, said the company. Cement subsidiary UltraTech’s profit rose to 29% from Rs. 604 crores for the same period the previous […]
Rane Holdings reported a 17.2 % growth in profit for the April-June quarter compared to the previous year. The company said the growth across the automotive segments in the commercial vehicles, passenger vehicles and two wheelers contributed the increase in profit. It also benefited by higher volumes in the supply of components to new vehicle models introduced […]
Jyothy Laboratories said profit increased by 78.2% in the Apr-June quarter to Rs. 45.9 crore, helped by lower commodity prices. Sales were up by 8.9% from Rs 403.9 crore compared with the same period last year. He further added that good monsoon across most of the country will see a revival of demand in consumer goods. […]
Granules India’s net profit increased by 37% to Rs. 39 Cr during April-June period.. The increase in profit is because of better liquidation of inventory, which is almost 10 times, and lower cost of materials compared to the same quarter the previous year. Revenue increased by 7% from Rs. 323 the previous year to Rs.344 […]
Punj Lloyd Ltd. said that its total revenue for Q1 from April- June, 2016 was 1,010 Crores with a order backlog of 21,618 Crores. The company’s gross income showed an increase of 45.5% as compared to the Q1 income for the previous year. The company moved from a loss of INR 289 Crores at a operating […]
Minda Corporations reported revenue of Rs 6,954 million, an increase of 31.7% in the April-June Quarter in 2 016 compared to its revenue in the previous year, boosted by an acquisition. Profit After Tax (PAT) increased by 22.9% quarter on quarter to Rs. 249 million and EBITDA increased by 27.5% to Rs. 626 million. On the strong […]
Motherson Sumi Systems Limited (MSSL) today announced financial results for first quarter from April- June, 2016 with highest ever revenue in a single quarter with 10,352 crores. The net profit from the first quarter was Rs 303 crores, which was up 13% compared to the same quarter in 2015. MSSL said that this has been […]
Idea Cellular reported a decline in its total voice traffic for the April-June quarter and warned that telecom industry growth was slowing. However, the company reported strong data volume growth due to its aggressive promotions and tariff cuts. Total voice minutes on Idea’s network fell 1.1% from 201.6 billion in January-March period to 199.3 billion […]
