IGI Logo

Key News

Pidilite PAT jumps 12.7 times in Q1 to Rs 217.6 cr; revenue rises 121%

Adhesive major Pidilite Industries reported a 1,277 percent year-on-year (YoY) jump in its profit after tax (PAT) for the April-June quarter. Net profit for the quarter stood at Rs 217.6 crore, up from Rs 15.8 crore in the corresponding quarter last year. Its operating revenue grew 121 percent to Rs 1,936.8 crore from Rs 877.8 crore. In comparison to its pre-COVID performance, Pidilite’s top-line and bottomline continued to suffer in 2021. Its PAT and operating revenue remained 26 percent and four percent lower than April-June, 2019 quarter.

PTC India's net profit jumps 36% to Rs 136 crore in June quarter

Power trading solutions firm PTC India on Wednesday reported an over 36 per cent jump in consolidated net profit to Rs 136.17 crore for the June 2021 quarter. The company's net profit had stood at Rs 100.06 crore in the June quarter of the financial year 2020-21, it said in a BSE filing. However, the total income fell to Rs 4,959.99 crore during the quarter, from Rs 4,641.28 crore in the year-ago period. Total expenses also reduced to Rs 4,777.10 crore, compared with Rs 4,499.51 crore a year ago.

Bajaj Electricals reports Rs 6.4 crore net loss for Q1; revenue rises 40%

Mumbai-based Bajaj Electricals today reported a Rs 6.4 crore net loss for the April-June quarter. The firm’s bottomline, however, improved on yearon-year (YoY) basis as it cut down on its quarterly losses. In the corresponding quarter last year, it had posted Rs 27 crore net loss. Bajaj’s operating revenue grew 40 per cent YoY to Rs 852.8 crore on a low base of Rs 607.8 crore. However, it fell 32 percent sequentially from Rs 1,255 crore in the March quarter. Its bottomline shrank significantly

Bata India reports Rs 69 crore net loss for Q1; revenue rises 98%

Cutting down on its losses over the last year, footwear major Bata India today reported a Rs 69.5 crore net loss for the April-June quarter. In the corresponding quarter previous year, the firm had posted Rs 101 crore net loss. The firm’s operating revenue grew 98 percent to Rs 267 crore on a low base of Rs 135 crore that it has reported in the year ago period. However, Bata’s toppling and bottomline suffered significantly when compared to the previous quarter. While, its operating revenue plunged 55 percent from Rs 590 crore that it had posted in the March quarter, its bottomline went into red from Rs 30 crore it had reported in the previous quarter.

PNB Housing eyes Rs 35,000 cr fresh debt as Carlyle deal faces hurdles

PNB Housing Finance is now looking to raise Rs 35,000 crore debt, after facing legal hurdles in the Carlyle group deal, days after SAT gave a split verdict in the matter. The company will seek shareholders' nod in its annual general meeting (AGM) on September 3, 2021, PNB Housing Finance said in a regulatory filing on Wednesday. The company said it will seek shareholders' approval for further fund raising by way of debt issue.

Zydus Cadila Q1 consolidated net profit up 30% to Rs 587 cr

Cadila Healthcare Limited (Zydus Cadila) has posted a 29 per cent rise in its consolidated net profit on a year-on-year (YoY) basis at Rs 587 crore for the first quarter ended June 30, 2021. The company had registered a net profit of Rs 454 crore in the said quarter last year. The company's consolidated revenue from operations rose by 14 per cent to Rs 3,917 crore in Q1 of FY 2021-22 from Rs 3,424 crore in Q1 of FY 2020-21.

To Read Complete Report & Disclaimer Click Here

Above views are of the author and not of the website kindly read disclaimer