Key Stock News - Indian Energy Exchange, Century Textiles, Jindal Stainless, Glaxosmithkline Pharma, Adani Ports, Bajaj Auto - ARETE Securities
Key News
IEX net rises 11% to Rs 69 cr in June quarter on back of higher revenues
Indian Energy Exchange (IEX) on Monday posted over 11 per cent rise in its consolidated net profit to Rs 69.12 crore in the June quarter compared to the year-ago period on the back of higher revenues. The consolidated net profit of the company was Rs 62.10 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of the company increased to Rs 113.39 crore in the quarter from Rs 102.87 crore in the same period a year ago.
Century Textiles reports 78% jump in net income at Rs 63 crore in Q1
AV Birla group firm Century Textiles and Industries on Monday reported a 78 per cent jump in net income at Rs 63 crore driven by robust sales in the first quarter. The company, which is primarily into textiles, pulp and paper products and realty, said its sales grew to Rs 1,170 crore, a growth of 41 per cent compared to the year-ago period.
Jindal Stainless net profit rises 8% to Rs 329 crore in June quarter
Jindal Stainless Limited (JSL) on Monday reported about 8 per cent increase in its consolidated net profit to Rs 329.37 crore in the April-June quarter on higher income. The company had a net profit of Rs 305.84 crore in the same period of 2021- 22, JSL said in regulatory filing. Its total income rose to Rs 5,490.91 crore, about 36 per cent up compared to Rs 4,042.32 crore in the year-ago period.
Glaxosmithkline Pharma Q1 consolidated net profit up 8% at Rs 116 crore
GlaxoSmithKline Pharmaceuticals on Monday said its consolidated net profit increased by 8 per cent to Rs 116 crore in the first quarter ended on June 30, 2022. The drug firm had reported a net profit of Rs 107 crore in the April-June quarter of the previous year. Revenue from operations rose to Rs 745 crore as against Rs 718 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.
Adani Ports Q1 results: How did the company perform in last four quarters
Adani Ports and Special Economic Zone Limited (APSEZ) will announce its financial results for the first quarter of the financial year 2022-23 (Q1FY23) on Tuesday. The income of the company rose to Rs 4,417.8 crore in Q4FY22 from Rs 4,072.4 crore in Q4FY21. However, the expenses of the company rose from Rs 2,526.9 to Rs 3,309 crore in the same period.
Bajaj Auto Q1 results: How was company's performance in last four quarters
Bajaj Auto will on Tuesday announce its financial results for the first quarter of 2022-23 (Q1FY23) . The last time, in Q4FY22, the company recorded a net profit of Rs 1,468.95 crore year-on-year (YoY). Also, as compared to Rs 1,332.07 crore in Q4FY21, the profits were up over Rs 130 crore to Rs 1,468.95 crore in Q4FY22.
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