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Thermax March-quarter net jumps nearly three-fold to Rs 107 crore

Energy solutions firm Thermax said its consolidated net profit jumped nearly three-fold to Rs 107.35 crore for the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 39.03 crore in the quarter ended March 31, 2020, it said in a BSE filing. Total income rose to Rs 1,610.34 crore in the quarter from Rs 1,353.66 crore earlier. For the full fiscal 2020-21, consolidated net profit came in at Rs 206.58 crore as against Rs 212.45 crore in the previous financial year. Total income was Rs 4,898.99 crore, compared to Rs 5,831.31 crore in 2019-20.

AstraZeneca Pharma India Q4 net profit up nearly 3-fold to Rs 27.27 cr

Drug firm AstraZeneca Pharma India on Tuesday reported a nearly threefold jump in its net profit to Rs 27.27 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 9.57 crore for the corresponding period of the previous fiscal, AstraZeneca Pharma India said in a regulatory filing. Revenue from operations of the company stood at Rs 210.25 crore for the quarter under consideration. It was Rs 194.90 crore for the same period a year ago, it added. For the financial year ended March this year, the net profit of the company was Rs 93.30 crore as against Rs 72.22 crore for the previous financial year, the filing said.

Godawari Power and Ispat posts multifold jump in Q4 profit at Rs 304 cr

Godawari Power and Ispat Ltd (GPIL) on Tuesday posted a multifold jump in consolidated net profit at Rs 304.01 crore for March quarter 2020-21, mainly on the back of higher revenues. The company's net profit in the year-ago period was Rs 34.22 crore, a BSE filing said. Total income rose to Rs 1,263.67 crore in the quarter from Rs 787.74 crore in the same period a year ago. The net profit of the company in 2020-21 also rose to Rs 624.49 crore from Rs 174.43 crore in the previous year. Total income in the last fiscal year was higher at Rs 4,075.96 crore from Rs 3,293.18 crore in 2019- 20.

Emami Q4 PAT up four-fold YoY to Rs 88 cr, drops 58% sequentially

FMCG company, Emami, recorded a 285 per cent increase in consolidated profit after tax to Rs 87.73 crore in the quarter ended March 31. The company had posted a profit after tax of Rs 22.75 crore in the year ago period. Quarter-on-quarter, however, Emami’s profit after tax was down by 58 per cent from Rs 208.96 crore in the December quarter. The company said that during the quarter, input cost pressure increased due to inflation in key commodities, which led to a gross margin decline of 250 bps.

Bajaj Electricals posts Rs 54.26 crore net profit for March quarter

Bajaj Electricals on Tuesday reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021. It had registered a net loss of Rs 81 lakh in the January-March period of the previous financial year. The company's total revenue from operations in January-March 2021 stood at Rs 1,258.47, down 3.24 per cent as against Rs 1,300.66 crore in the yearago period, the company said in a BSE filing. Its consumer products segment has earned a total revenue of Rs 975 crore as against Rs 747 crore a year ago, a growth of 30.6 per cent.

Leveraging cloud can yield financial gains of $414 bn: Infosys Cloud Radar

IT services major Infosys unveiled the Infosys Cloud Radar 2021 research which links enterprise cloud usage and business growth. The independent study shows that enterprises in the six regions surveyed can add up to $414 billion in net new profits annually, through effective cloud adoption.

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