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Vodafone Idea files review petition in apex court on AGR dues

Debt-laden Vodafone Idea (Vi), which is struggling for survival, moved the Supreme Court on Tuesday, seeking a review of its July 23 order that dismissed the petitions of telecom firms for a re-computation of adjusted gross revenue (AGR) dues. Airtel, too, is likely to move the court for relief, sources said. Vi had calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore. However, the telecom department (DoT) arrived at around Rs 58,000 crore as the total AGR liability for the firm.

Zomato Q1 net loss widens to Rs 356 crore; revenue rises to Rs 844 crore

In its first quarterly results after its listing last month, food delivery platform Zomato said its net loss widened in the first quarter (Q1) ended June 30 due to increased expenses and a hit on dining out as the second wave of the Covid-19 pandemic upended lives and livelihoods. Zomato also crossed one billion overall orders on the platform last week. The total loss attributable to equity shareholders rose to Rs 356 crore, from Rs 99.8 crore a year ago. Adjusted earnings before interest, tax, depreciation, and amortisation (Ebitda) loss widened nearly 42 per cent to Rs 170 crore on a quarterly basis. Revenue from operations in Q1 rose to Rs 844.40 crore, from Rs 266 crore a year ago.

Coal India net profit jumps 52% in June quarter; expenses rise, too

State-owned Coal India (CIL) on Tuesday reported a 52.4 per cent rise in consolidated net profit at Rs 3,169.85 crore for the quarter ended on June 30, 2021, on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 2,079.60 crore in the year-ago period, Coal India said in a filing to BSE. The consolidated revenue from operations increased to Rs 25,282.15 crore in the April-June period over Rs 18,486.77 crore in the year-ago period, the filing said. However, the consolidated expenses of the company during the quarter increased to Rs 21,626.48 crore over Rs 16,470.64 crore in the year-ago period.

Whirlpool profit after tax climbs 62% in June quarter on low base

Home appliances major Whirlpool of India, on Tuesday, reported a 62 per cent rise in its profit after tax (PAT) during the April-June quarter. Its net profit for the quarter stood at Rs 25.5 crore -- up from Rs 15.8 crore in the year-ago period. The firm’s operating revenue rose 30.5 per cent over the same quarter last year to Rs 1,341 crore. The top-line growth came on low bases because of a nationwide lockdown in the June quarter last year.

Max Healthcare posts Q1 consolidated net profit of Rs 146.92 crore

Max Healthcare Institute on Tuesday reported a consolidated net profit of Rs 146.92 crore for the quarter ended June 30, 2021. The company had posted a net loss of Rs 314.25 crore for the corresponding period of the previous fiscal, Max Healthcare Institute said in a regulatory filing. Consolidated total income of the company stood at Rs 1,026.13 crore for the quarter under consideration. It was at Rs 275.58 crore for the same period a year ago, it added.

Eveready Industries Q1 consolidated net profit up 21% to Rs 30.13 cr

Batteries and flashlights maker Eveready Industries India Ltd on Tuesday reported a 21 per cent increase in consolidated net profit at Rs 30.13 crore in the first quarter ended June 30. The company had posted a consolidated net profit of Rs 24.99 crore in the same period last financial year, Eveready Industries India said in a regulatory filing. Consolidated total income during the period under review stood at Rs 283.04 crore as against Rs 275.13 crore in the year-ago quarter, the company said.

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