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SAIL surges 13% on best-ever quarterly profit of Rs 4,304 crore in Q2

Shares of Steel Authority of India (SAIL) surged 13 per cent to Rs 130.35 on the BSE in Monday's intra-day trade after the company reported best-ever quarterly standalone profit after tax (PAT) of Rs 4,304 crore for the second quarter ended September 2021 (Q2FY22). It had posted Rs 393 crore net profit in the year-ago quarter. On a sequential basis, PAT up 12 per cent from Rs 3,850 crore in June 2021 quarter.

The company's standalone revenue from operations increased 58 per cent year on year (YoY) at Rs 26,827 crore, from Rs 16,923 crore in the corresponding quarter of the previous fiscal. Standalone earnings before interest, tax, depreciation and amortization (Ebitda) for the quarter was at Rs 7,017 crore, up 269 per cent YoY; Ebitda margin was up 1493 bps YoY but down 564 bps QoQ and at 26.2 per cent.

The company has announced interim dividend of Rs 4 per equity share or 40 per cent of the paid up equity share capital of the Company.

Aditya Birla Capital posts its highest qtrly profit of Rs 377 cr in Jul-Sep

Aditya Birla Capital on Monday reported its highest ever quarterly profit of Rs 377 crore on a consolidated basis in July-September 2021 on the back of strong growth across its business verticals.

The company had posted a consolidated net profit of Rs 264 crore in the same period a year ago. The consolidated profit after tax (after minority interest) grew 43 per cent year-on-year, to Rs 377 crore, the highest level ever recorded by the company, Aditya Birla Capital Ltd (ABCL) said in a release.

Whirlpool of India's profit sees two fold jump to Rs 413 cr in Sept quarter

Consumer durable maker Whirlpool of India on Monday reported over twofold jump in consolidated net profit to Rs 413.19 crore for the second quarter ended September 2021, helped by the acquisition of a majority stake in kitchen appliances maker Elica India.

The company had posted a net profit of Rs 134.67 crore during the corresponding quarter of the previous financial year, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing.

However, its revenue from operations during July-September 2021 rose marginally to Rs 1,607.10 crore, compared with Rs 1,598.47 crore in the year-ago period.

IRCTC's net profit rises almost five-fold on higher ticketing revenue

lndian Railway Catering and Tourism Corporation (IRCTC) reported a near five-fold increase in net profit to Rs 154.83 crores in the second quarter of financial year 2021-22.

This was on the back of higher profit under ticketing revenue that touched Rs 220.34 crore in the period under review from Rs 61.34 crore in the same period a year ago. IRCTC's total comprehensive income during the quarter ending September 2020 was Rs 34.14 crore.

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