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Page 2 - Pre-tax Profit

Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore

Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore

Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore
Updated On : 24 Jul 2020 | 11:20 PM IST

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

Q1 early-bird results better than expected; IT, financial services do well
Updated On : 24 Jul 2020 | 6:05 AM IST

ICICI Prudential Life's pre-tax profit rises 8.36% to Rs 311 cr in Q1

The company reported a year on year decline of 32.6 per cent in new business premium to Rs 1,499 crore in Q1FY21 compared to Rs 2,226 crore in the year ago period

ICICI Prudential Life's pre-tax profit rises 8.36% to Rs 311 cr in Q1
Updated On : 22 Jul 2020 | 1:28 AM IST

SBI Life Insurance pre-tax profit up 2.6% to Rs 387.68 crore in Q1

The value of new business was down 29 per cent year on year to Rs 240 crore.

SBI Life Insurance pre-tax profit up 2.6% to Rs 387.68 crore in Q1
Updated On : 22 Jul 2020 | 1:27 AM IST

GSK merger helps HUL's top line, but profit before tax down 6% in Q1

Excluding the GSK business, overall revenue declined 7 per cent in the quarter, Srinivas Phatak, chief financial officer, HUL, said in a virtual press meet

GSK merger helps HUL's top line, but profit before tax down 6% in Q1
Updated On : 22 Jul 2020 | 12:40 AM IST

Aarti Drugs to Tata Comm: Earnings rise for 15 firms in Covid-19 economy

These companies reported an increase in revenue and/or profit before tax for the March quarter

Aarti Drugs to Tata Comm: Earnings rise for 15 firms in Covid-19 economy
Updated On : 19 Jul 2020 | 6:19 PM IST

HCL Tech likely to grow 1.5-2.5%; Q1 net profit up 31.7% at Rs 2,925 cr

In the quarter ended Q1FY21, the company on Friday reported a profit before tax (PBT) of Rs 3,862 crore, up 31.7 per cent year on year (YoY), while it remained flat on a sequential basis.

HCL Tech likely to grow 1.5-2.5%; Q1 net profit up 31.7% at Rs 2,925 cr
Updated On : 17 Jul 2020 | 10:33 PM IST

Bandhan Bank's pre-tax profit drops 40% in Q1 on higher provisioning

Pre-tax profit of the bank in Q1FY21 stood at Rs 735 crore

Bandhan Bank's pre-tax profit drops 40% in Q1 on higher provisioning
Updated On : 16 Jul 2020 | 12:49 PM IST

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%
Updated On : 16 Jul 2020 | 2:53 AM IST

Infosys ripe for re-rating after strong performance in June quarter

While the company's revenue grew by 8.5 per cent year-on-year to Rs 23,665 crore, its profit before tax (pre-tax profit) was up by 12.1 per cent year-on-year

Infosys ripe for re-rating after strong performance in June quarter
Updated On : 16 Jul 2020 | 2:34 AM IST

Mindtree PBT more than doubles in Q1; revenues up 4.1% to Rs 1,908.8 cr

Revenue of the firm grew 4.1 per cent year-on-year to Rs 1,908.8 crore during this period though it declined 6.9 per cent sequentially

Mindtree PBT more than doubles in Q1; revenues up 4.1% to Rs 1,908.8 cr
Updated On : 14 Jul 2020 | 10:29 PM IST

Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr

IT firm's margin expands despite revenue fall in Q1

Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr
Updated On : 14 Jul 2020 | 10:16 PM IST

Covid-19 weighs on TCS numbers in Q1; net profit falls 13.8% to Rs 7,008 cr

IT major says pandemic impact may have bottomed out

Covid-19 weighs on TCS numbers in Q1; net profit falls 13.8% to Rs 7,008 cr
Updated On : 10 Jul 2020 | 1:21 AM IST

Covid-19 impact: Six of the top 10 family-owned businesses in the red

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

Covid-19 impact: Six of the top 10 family-owned businesses in the red
Updated On : 04 Jul 2020 | 6:45 AM IST

ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown

The company's revenue from operations declined by 7 per cent to Rs 104,489 crore for the period under review, compared to Rs 112,539 crore in Q4FY19.

ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown
Updated On : 01 Jul 2020 | 2:58 AM IST

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr
Updated On : 30 Jun 2020 | 12:48 AM IST

Spencer's Retail posts Rs 49.45 crore pre-tax loss in March quarter

It had earned a revenue of Rs 523.46 crore during the similar quarter of the 2018-19 financial year year with a pre-tax profit of Rs 1.22 crore.

Spencer's Retail posts Rs 49.45 crore pre-tax loss in March quarter
Updated On : 29 Jun 2020 | 10:24 PM IST

Indian Overaseas Bank back in black with pre-tax profit of Rs 83 crore

With this, the bank has met the final parameter to come out from the Reserve Bank of India's Prompt Corrective Action (PCA) framework, which was imposed in 2015.

Indian Overaseas Bank back in black with pre-tax profit of Rs 83 crore
Updated On : 25 Jun 2020 | 10:37 PM IST

GIC Re reports 7.8% drop in pre-tax profit at Rs 1,101 cr in Q4FY20

Net profit of the reinsurer jumped 98 per cent to Rs 1,197 crore in Q4FY20 compared to 603 crore in the same period a year ago due to lower tax provisions

GIC Re reports 7.8% drop in pre-tax profit at Rs 1,101 cr in Q4FY20
Updated On : 25 Jun 2020 | 2:16 AM IST

GAIL consolidated profit before tax rises 62% in Q4 to Rs 3,598 crore

The consolidated revenue for the period under review has seen a decline by 6 per cent, from Rs 19,078.3 crore during the January-March quarter of 2018-19 (FY19) to Rs 17,938 crore in Q4 FY20

GAIL consolidated profit before tax rises 62% in Q4 to Rs 3,598 crore
Updated On : 25 Jun 2020 | 1:50 AM IST