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Eicher Motors' profit after tax jumps 73% to Rs 526 cr in March quarter

Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales. The company had posted a consolidated profit after tax of Rs 304.28 crore in the fourth quarter of the previous fiscal, Eicher Motors Ltd said in a regulatory filing. Its consolidated total revenue from operations in January-March quarter stood at Rs 2,940.33 crore, compared with Rs 2,208.18 crore in the year-ago quarter.

IndiGrid March-quarter net down 31% to Rs 69 crore due to acquisitions

Infrastructure investment trust IndiGrid on Thursday reported a 31 per cent drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions. The consolidated net profit of the India Grid Trust (IndiGrid) was Rs 99.67 crore in the corresponding period of the previous year, it said in a BSE filing. "The PAT (profit after tax) is lower because of one-time expenditure for BDTCL (Bhopal Dhule Transmission Company Ltd). Interest cost is higher because of recent acquisitions of over Rs 5,000 crore in Q4 (January-March)," a company official said.

Page Industries Q4 net profit rises about 4-folds to Rs 115.56 cr

Apparel manufacturer Page Industries Ltd (PIL) on Thursday reported nearly four-fold jump in its net profit at Rs 115.56 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 31.02 crore during the January-March period a year ago, PIL said in a BSE filing. Revenue from operations rose 62.72 per cent to Rs 880.76 crore during the quarter under review as against Rs 541.28 crore in the corresponding period of the previous fiscal. Commenting on the results, PIL Managing Director Sunder Genomal said the company has witnessed a "strong demand pick-up" across all its product categories.

Zydus Cadila Q4 net up 73% to Rs 679 cr, total income up a marginal 3%

Zydus Cadila posted a 73 per cent surge in its net profit, year on year, to Rs 679 crore for the quarter ended March 31, 2021. However, the company's total income from operations grew by just three per cent to Rs 3,847 crore, from Rs 3,752 crore during corresponding period of the previous year. For the full year ended March 31, 2021, the company had a consolidated net profit of Rs 2,134 crore and total income from operations of Rs 15,102 crore. Zydus Cadila's domestic business grew 18 per cent during the quarter to Rs 1,772 crore, with the human health formulations business growing by 15 per cent while the consumer wellness business grew by 22 per cent.

Goodyear India posts threefold jump in Q4 profit after tax to Rs 43.22 cr

Tyre maker Goodyear India on Thursday reported over threefold jump in its profit after tax (PAT) to Rs 43.22 crore for the March 2021 quarter. The company had posted a profit after tax of Rs 12.70 crore in the fourth quarter of the financial year 2019-20, according to the company's balance sheet. Its total income during January-March 2021 jumped 50 per cent to Rs 574.49 crore, compared with Rs 383.02 crore in the year-ago period. It was driven by a robust farm demand, distribution expansion initiatives in consumer replacement business and base impact of COVID-19 in March 2020, Goodyear India Ltd (GIL) said.

IRB Infra posts 37% drop in fourth quarter profit at Rs 97.45 crore

IRB Infrastructure Developers Ltd on Thursday reported a 36.84 per cent decline in its consolidated net profit to Rs 97.45 crore for the 4Q FY21. The company had clocked a Rs 154.32 crore net profit YoY.

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