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Page 11 - Corporate Earnings

CAMS Q1 results: Net profit rises 42% to Rs 108 cr, revenue up 27%

Registrar and transfer agent for mutual funds CAMS on Friday reported 42 per cent jump in profit after tax (PAT) at Rs 108.21 crore for the three months ended June 2024. The company had logged a PAT of Rs 76.34 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement. Revenue surged 27 per cent to Rs 331.40 crore in April-June FY25 from Rs 261.3 crore in the year-ago period. "Overall, the company's assets under service crossed the Rs 40 lakh crore milestone on the back of solid performance of equity assets, which grew at 55 per cent year-on-year and 11 per cent quarter-on-quarter," Anuj Kumar, Managing Director of CAMS, said. CAMS is India's largest registrar and transfer agent of mutual funds with an aggregate market share of 68 per cent based on mutual fund average assets under management (AAUM).

CAMS Q1 results: Net profit rises 42% to Rs 108 cr, revenue up 27%
Updated On : 02 Aug 2024 | 5:19 PM IST

GSK Pharmaceuticals Q1 results: Net profit jumps 38% to Rs 182.33 crore

The company had posted a consolidated net profit of Rs 132.25 crore in the same quarter last fiscal, GlaxoSmithKline Pharmaceuticals (GSK Pharma) said in a regulatory filing

GSK Pharmaceuticals Q1 results: Net profit jumps 38% to Rs 182.33 crore
Updated On : 02 Aug 2024 | 5:02 PM IST

Hindustan Zinc Q1FY25 results: Net profit rises 19% to Rs 2,345 cr

Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported 19.3 per cent rise in consolidated net profit at Rs 2,345 crore for June quarter FY25. The company had posted a net profit of Rs 1,964 crore for the year-ago period. Income rose to Rs 8,398 crore from Rs 7,564 crore in the year-ago period, HZL said in a filing to BSE. Hindustan Zinc is the world's second-largest integrated zinc producer and the third-largest silver producer. The company supplies to more than 40 countries and holds a market share of about 75 per cent of the primary zinc market in India.

Hindustan Zinc Q1FY25 results: Net profit rises 19% to Rs 2,345 cr
Updated On : 02 Aug 2024 | 4:54 PM IST

ArcelorMittal March quarter results: Core profit at $1.96 bn, tops forecast

Profit was primarily driven by improved results in North America, Brazil, Europe, India and from its joint ventures, offset by lower mining segment results, it said

ArcelorMittal March quarter results: Core profit at $1.96 bn, tops forecast
Updated On : 01 Aug 2024 | 1:52 PM IST

Prestige Estates Projects Q1 results: Net profit down 3.4% at Rs 307 crore

The realty firm's revenue from operations stood at Rs 1,862.1 crore in Q1 FY25 against Rs 1,680.9 crore in the corresponding period last year

Prestige Estates Projects Q1 results: Net profit down 3.4% at Rs 307 crore
Updated On : 01 Aug 2024 | 12:13 AM IST

Aster DM Healthcare Q1FY25 results: Net profit rises 81.3% to Rs 81 cr

Analysts expect hospital chains in the region to benefit from the acute flu season that, apart from coinciding with the June quarter, is known to bring diseases such as dengue and malaria

Aster DM Healthcare Q1FY25 results: Net profit rises 81.3% to Rs 81 cr
Updated On : 31 Jul 2024 | 11:18 PM IST

Adani Power Q1 results: Net profit down 55% due to higher expenses

Total income declined to Rs 15,474 cr in the April-June quarter of 2024-25 from Rs 18,109 cr in the same quarter of the last year

Adani Power Q1 results: Net profit down 55% due to higher expenses
Updated On : 31 Jul 2024 | 11:11 PM IST

Action Construction Equipment Q1 results: PAT grows 24% to Rs 84.57 cr

Action Construction Equipment Ltd on Wednesday reported a 24 per cent rise in consolidated profit after tax (PAT) at Rs 84.57 crore in the April-June quarter of this financial year, mainly on account of higher income. It had reported a PAT of Rs 67.57 crore during the April-June period of the preceding 2023-24 fiscal, the construction equipment maker said in an exchange filing. The total income also increased to Rs 761.81 crore, up 14 per cent from Rs 667.85 crore a year ago. "The company has maintained its growth momentum in the first quarter of the current fiscal year. The company has been able to deliver its best ever quarterly performance in Q1 FY25," Action Construction Equipment Executive Director Sorab Agarwal said. The company garnered a revenue of Rs 690.67 crore from the cranes, construction equipment and material handling segment, while its agri-equipment division earned a revenue of Rs 42.96 crore. Action Construction Equipment Ltd is among India's leading material ...

Action Construction Equipment Q1 results: PAT grows 24% to Rs 84.57 cr
Updated On : 31 Jul 2024 | 11:04 PM IST

Tata Steel Q1 results: Net profit rises 51% to Rs 959.61 cr on lower costs

Weak demand weighed on steel prices, says firm's CEO & MD

Tata Steel Q1 results: Net profit rises 51% to Rs 959.61 cr on lower costs
Updated On : 31 Jul 2024 | 11:04 PM IST

Microsoft's Azure posts slowdown in growth, testing investors' patience

The company's Xbox video-gaming unit posted 61 per cent growth in content and services revenue, much of that fueled by the $69 billion purchase of Activision Blizzard, which was completed in October

Microsoft's Azure posts slowdown in growth, testing investors' patience
Updated On : 31 Jul 2024 | 10:52 PM IST

Prestige Estates Projects Q1 results: Net profit falls 12% to Rs 233 cr

The housing market, especially in the premium segment, has seen continued growth in the past few quarters, with higher-end buyers remaining unfazed by inflationary pressures

Prestige Estates Projects Q1 results: Net profit falls 12% to Rs 233 cr
Updated On : 31 Jul 2024 | 10:24 PM IST

Redington Q1 results: Net profit down 1% at Rs 246 cr as demands fall

Redington's operations from rest of the world (ROW) segment, which operates in 31 countries, including Rwanda, Oman and Turkey, and contributes nearly 50 per cent to its revenue has been in pressure

Redington Q1 results: Net profit down 1% at Rs 246 cr as demands fall
Updated On : 31 Jul 2024 | 9:30 PM IST

JK Lakshmi Cement Q1 results: PAT doubles to Rs 156 cr on lower expenses

India's general elections, and an extreme summer season spanning the April-June period, restricted construction activities and hit sales volumes for cement makers

JK Lakshmi Cement Q1 results: PAT doubles to Rs 156 cr on lower expenses
Updated On : 31 Jul 2024 | 9:08 PM IST

Bank of Baroda Q1 results: Net profit rises 9.5% at Rs 4,458 crore

Sequentially, the profit declined from Rs 4,886 crore in Q4FY24. Bank's stocks closed 0.94 per cent lower at Rs 253.85 on Wednesday

Bank of Baroda Q1 results: Net profit rises 9.5% at Rs 4,458 crore
Updated On : 31 Jul 2024 | 9:02 PM IST

KRBL Q1 results: Net profit falls 55.5% to Rs 8,656 lakh on weak demand

World's biggest rice exporter imposed various curbs on exports in July last year and continued them in 2024 in an effort to keep local prices in check ahead of the general elections held in April-May

KRBL Q1 results: Net profit falls 55.5% to Rs 8,656 lakh on weak demand
Updated On : 31 Jul 2024 | 7:50 PM IST

Sundram Fasteners Q1 results: Net profit rises 11% to Rs 142.69 crore

The earnings before interest, depreciation, and taxes (EBITDA) for the quarter were at Rs 223.06 crore as against Rs 197.66 crore during the same period in the previous year

Sundram Fasteners Q1 results: Net profit rises 11% to Rs 142.69 crore
Updated On : 31 Jul 2024 | 7:26 PM IST

Bank of Baroda Q1 result: PAT up 10% at Rs 4,458 cr on decline in bad loans

Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period. Total income in the quarter rose to Rs 32,116 crore from Rs 29,878 crore, BoB said in a regulatory filing. The lender's interest income also increased to Rs 29,629 crore against Rs 26,556 crore in the same quarter a year ago. Gross Non Performing Assets (NPAs) declined to 2.88 per cent of gross advances by June 2024 from 3.51 per cent in FY24. Net NPAs too declined to 0.69 per cent compared to 0.78 per cent at the end of the first quarter of the previous year. As a result, provisions and contingencies came down to Rs 1,011 crore in the April-June period of FY25 against Rs 1,947 crore in the year-ago period. The capital adequacy ratio of the bank improved to 16.82 per cent at the end of June 2024 compared to 15.84 per cent in th

Bank of Baroda Q1 result: PAT up 10% at Rs 4,458 cr on decline in bad loans
Updated On : 31 Jul 2024 | 5:58 PM IST

GE T&D India Q1 results: Net profit grows to Rs 134.5 cr on higher income

GE T&D India on Wednesday reported a multi-fold rise in its net profit to Rs 134.5 crore during the June 2024 quarter, mainly on account of higher income. It had posted a net profit of Rs 28.2 crore in the April-June quarter of the preceding 2023-24 fiscal, the company said in a regulatory filing. The company's total income rose to Rs 970.1 crore from Rs 729.5 crore a year ago. During the period under review, expenses stood at Rs 790.2 crore against Rs 690.9 crore in FY24. GE T&D India is a leading player in the power transmission and distribution business.

GE T&D India Q1 results: Net profit grows to Rs 134.5 cr on higher income
Updated On : 31 Jul 2024 | 5:33 PM IST

Waaree Renewable Technologies Q1 results: Net profit triples to Rs 28 cr

Waaree Renewable Technologies Ltd (WRTL) has reported three-fold rise in consolidated profit after tax at Rs 28.16 crore for June quarter FY25. It had logged Rs 9.13 crore profit after tax (PAT) during April-June FY24, the company said in a statement on Tuesday. Total revenue increased to Rs 236.35 crore from Rs 128.94 crore in the same quarter a year ago. Its unexecuted order book stands at 2,191 MW, the company said adding the orders are to be executed between 9-12 months time. Part of the Waaree Group, WRTL is a leading player in solar EPC (engineering, procurement and construction) business.

Waaree Renewable Technologies Q1 results: Net profit triples to Rs 28 cr
Updated On : 31 Jul 2024 | 4:24 PM IST

Airbus quarterly profit falls to half on industrial costs, space charge

Airbus is working on a review of space activities as it discusses potential alliances with France's Thales and Italy's Leonardo, and meanwhile plans to announce a new turnaround plan

Airbus quarterly profit falls to half on industrial costs, space charge
Updated On : 31 Jul 2024 | 12:18 AM IST