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Net Profit Of Listed Pvt Firms
Stainless steel pipes and tubes manufacturers and exporters Venus Pipes & Tubes on Friday reported a 22 per cent fall in net profit to Rs 18 crore for the December quarter of 2024-25 compared to Rs 23.27 crore in the year-ago period. However, the company increased total income by 11.7 per cent in the third quarter to Rs 231.3 crore from Rs 207.1 crore in the same period last year. "Strong export demand continued during the quarter, with exports rising by 153 per cent YoY. Growth was driven by robust demand from the US and Middle East & Africa market for welded pipes and tubes, while European demand continued to remain strong," the company said in a statement. Exports accounted for 38.5 per cent of revenue during the quarter. "Domestically, sales remain impacted by sluggish private and government sector capex," Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd said. For the first nine months of FY25, net profit rose by 14 per cent to Rs 69 crore while revenue was up .
Vintage Coffee and Beverages Ltd (VCBL) on Friday posted a more than three-fold jump in consolidated net profit to Rs 12.45 crore for the third quarter of the 2024-25 fiscal on strong sales. The company had reported a net profit of Rs 3.59 crore in the year-ago period. Its total revenue rose to Rs 88.90 crore for the December quarter of the 2024-25 fiscal from Rs 37.85 crore in the year-ago period, according to a regulatory filing. VCBL Managing Director Balakrishna Tati announced plans to expand its production capacity by an additional 4,500 metric per annum (TPA), with the new capacity expected to be commissioned by Q4 FY26. The expansion will be financed entirely through internal accruals. "By increasing our production capacity by nearly 70 per cent to 11,000 TPA, we are strengthening our market position as the leader in soluble coffee supplier in the country and reinforcing our commitment to long-term value creation for our stakeholders," he said. The additional production li
Indian Metals & Ferro Alloys Ltd (IMFA) on Wednesday reported an over 20 per cent fall in profit after tax to Rs 86.13 crore for the December 2024 quarter, impacted by a fall in revenues. It had posted Rs 107.87 PAT in the year-ago quarter, the company said in a statement. The company's revenues fell to Rs 643.22 crore from Rs 685.27 crore in the October-December period of 2023-24. During the quarter, the company said it signed a Power Purchase Agreement (PPA) with JSW Green Energy One and JSW Green Energy Seven for 70 MW hybrid renewable energy (50 MW AC Solar and 100 MW Wind). Further, the final negotiations are ongoing to award major contracts for the ethanol Project, and construction is expected to start shortly with a commissioning timeline of 12 months. IMFA said Bijayananda Mohapatra has been appointed to the Board with effect from January 31, 2025, and will be designated Wholetime Director and COO. Saunak Gupta has been named CFO Designate and will formally take on the ..
Realty firm Brigade Enterprises on Wednesday reported a more than three-fold jump in its consolidated net profit to Rs 236.24 crore in the December quarter on strong demand for residential and commercial properties. Its net profit stood at Rs 73.49 crore in the year-ago period. Total income rose to Rs 1,529.68 crore in the October-December period of this fiscal from Rs 1,208.18 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Brigade Enterprises sale bookings rose 63 per cent to Rs 2,492 crore in the December quarter, a growth of 63 per cent compared to the year-ago period. "We have observed robust growth across all our business verticals during the quarter. Growth in the residential business continues in terms of pricing and volume driven by the launches of premium projects and a strong pipeline of launches in the coming quarters," Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said. She said the company's
Hitachi Energy India Limited on Wednesday posted a manifold jump in its profit after tax (PAT) to Rs 137.4 crore for the December quarter on account of higher revenues. Its PAT was Rs 23 crore during the October-December period of the preceding 2023-24 fiscal, the company said in a regulatory filing. The company's revenues increased 31 per cent to Rs 1,672.4 crore from Rs 1,276.4 a year earlier. It reported its highest-ever quarterly order of Rs 11,594.3 crore in the quarter ended December 2024. The surge can be primarily attributed to a large high-voltage direct current (HVDC) order to transmit renewable energy from Khavda in Gujarat to Nagpur, Maharashtra, the company said. At the close of December 31, 2024, the company recorded its highest-ever order backlog of Rs 18,994.4 crore, providing revenue visibility for the coming quarters. Excluding the one-time large HVDC order, the share of exports grew to over 40 per cent of total orders in Q3 FY25, with power quality, substation
Realty major DLF Ltd on Wednesday reported a 57 per cent increase in its consolidated net profit to Rs 463.66 crore in the third quarter of this fiscal year on the back of higher total income. Its net profit stood at Rs 294.86 crore in the year-ago period. Total income rose to Rs 1,117.40 crore in the latest December quarter from Rs 973.89 crore in the year-ago period, according to a regulatory filing. DLF is India's largest real estate in terms of market capitalisation.
ReNew Energy Global Plc on Saturday reported a net profit of Rs 298.3 crore in the April-June quarter of 2023-24 against a loss of Rs 10.4 crore in the year-ago period. Total income was Rs 2,465.9 crore in the first quarter of FY24 against Rs 2,500.7 crore in April-June 2022, according to a company statement. Days Sales Outstanding -- the average number of days that it takes for a company to collect payment after a sales-- ended Q1 FY24 at 114 days, a 118-day improvement year on year, it stated. "We are reiterating our FY24 guidance. The company expects to complete construction of 1,750 to 2,250 MW by the end of Fiscal Year 2024," it said. As of June 30, 2023, the company's portfolio consisted of 13.7 GWs, a 6.3 per cent increase year on year, of which 8.4 GWs are commissioned and 5.3 GWs are committed. As much as 415 MWs commissioned in Q1 FY24, increasing its operating MWs to 8,395 MWs, an increase of 10 per cent. ReNew is India's leading decarbonisation solutions company liste
Mahindra Finance on Friday reported a 14 per cent growth in its net income at Rs 684 crore for the March quarter on a standalone basis, buoyed by healthy loan sales and the resultant increase in net interest income. The company said during the quarter, its disbursement grew 50 per cent to Rs 13,778 crore, taking the loan book to Rs 82,770 crore, which clipped at 27 per cent across 1 million new loan contracts. For the full year FY23, disbursements rose 80 per cent to Rs 49,541 crore. Net interest income also grew 24 per cent to Rs 3,057 crore in the reported quarter. With this, the company's full-year revenue stood at Rs 11,056 crore from which it earned Rs 1,984 crore, which is 101 per cent more than it had earned in FY22. During the March quarter, the net interest margin was at 7.4 per cent or Rs 1,723 crore, which is up 13 per cent. Gross bad loans ratio improved to 4.5 per cent from 5.9 per cent, while net bad loans was 1.9 per cent. Its provision coverage ratio stood at 59.5
Industrial and automotive parts maker Schaeffler India on Thursday announced a 21 per cent growth in net profit at Rs 231 crore in the fourth quarter of 2022. The company had posted a net profit of Rs 190.64 crore in the same quarter of the preceding calender year, according to a regulatory filing. Schaeffler India follows the calendar year (January-December period) for financial reporting. The revenue from operations for the quarter under review stood at Rs 1,794.70 crore, up 17.8 per cent from Rs 1,523.22 crore in the same quarter of 2021. During the year 2022, the company's net profit stood at Rs 879.20 crore from Rs 629.12 crore in the year earlier, registering a growth of 40 per cent, as per the filing. Total revenue from operations during the reporting year was Rs 6,867.42 crore as compared to Rs 5,560.51 crore in 2021. "Our quarterly growth momentum continued on the back of favourable sales mix and our emphasis on deploying sustainable countermeasures to enable a strong qu
HDFC Asset Management Company (AMC) on Wednesday reported a 6 per cent growth in profit after tax (PAT) at Rs 364.1 crore for the July-September quarter of the current financial year. In comparison, the asset management firm had a PAT of Rs 344.5 crore in the same quarter of preceding fiscal, HDFC AMC said in a filing to stock exchanges. Total income rose 7 per cent to Rs 648.9 crore for the quarter ended on September 30, 2022 from Rs 608.4 crore in the year-ago period. HDFC AMC, an investment manager to HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income. The fund house managed an average assets under management (AAUM) of Rs 4.29 lakh crore for the quarter ended September 30, 2022 compared to Rs 4.38 lakh crore in the same quarter of preceding fiscal, registering a drop of 2.2 per cent. Its market share was 11 per cent in quarterly AAUM of the mutual fund industry. HDFC AMC stock rose 1.34 per cent to settle at Rs 1,960.20 on the BSE.
Wires and cables manufacturer Polycab India on Tuesday reported a 20 per cent year-on-year rise in net profit to Rs 325.33 crore for the fourth quarter ending March 31. The company's net profit was Rs 271.06 crore in the year-ago quarter, Polycab India said in a BSE filing. Revenue from operations during the quarter under review increased 34.90 per cent to Rs 3,969.98 crore compared to Rs 2,942.74 crore a year ago. For FY22, the company's net profit rose marginally by 3.53 per cent to Rs 917.28 crore compared to Rs 885.93 crore in FY21. In 2020-21, revenue from operations surged 38.80 per cent to Rs 12,203.76 crore from Rs 8,792.23 crore in FY21. "Our strong performance in fiscal year 2022 was underpinned by the extraordinary efforts of our team to achieve new milestones even in one of the most uncertain environments. We delivered accelerated business growth, record free cash flow, healthy returns on capital and market-leading shareholder returns. "We will champion our renewed pu