Profit Margins

Zepto slightly cuts losses to Rs 1248.6 cr, revenue doubles in FY24

Quick commerce firm Zepto has marginally brought down its losses to Rs 1,248.6 crore in 2023-24 from Rs 1,272.4 crore in 202223 , as per data shared by Tofler. The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal. Zepto co-founder Aadit Palicha took to LinkedIn to share the results. "Zepto reduced its absolute losses, with PAT (profit after tax) as a percentage of revenue improving significantly from -63 per cent in FY23 to -28 per cent in FY24," he wrote. Palicha expressed optimism about continuing this momentum towards profitability and said the company is on track for a profit after tax (PAT) in the near future. "Despite being only 3 years old, we were able to successfully close a full statutory audit by a Big 4 firm with no financial qualifications and a clean CARO. This rare achievement for a young startup is the outcome of a governance-focused culture at Zepto and early decision-making that

ReNew Energy's Q2 net profit rises 31% to Rs 440 crore on higher income

ReNew Energy Global Plc (ReNew) on Wednesday reported a 31 per cent rise in net profit to Rs 493.9 crore (USD 59 million) in the September 2024 quarter pushed by higher income. It posted a net profit of Rs 377.1 crore (USD 45 million) in the July-September period of preceding 2023-24 fiscal, the Nasdaq-listed entity said in a statement. ReNew's total income in the second quarter also rose to Rs 2,988.7 crore (USD 357 million) from Rs 2,863.2 crore (USD 342 million) during the same period last financial year. Net profit for April-September or H1 FY25 was Rs 533.3 crore (USD 64 million), compared to Rs 675.4 crore (USD 81 million) for H1 FY24. Total income was Rs 5,471.3 crore (USD 653 million) during the period over Rs 5,329.1 crore (USD 636 million) for H1 FY24. As of September 30, 2024, the company's portfolio consisted of 15.6 GW compared to 13.8 GW as of September 30, 2023. Subsequent to the end of the quarter, the company signed PPAs (Power Purchase Agreements) for 0.7 GW of

Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand

Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter

Zydus Lifesciences Q2 result: Net profit rises 13.8% to Rs 911.2 crore

Zydus Lifesciences Ltd on Tuesday reported a 13.8 per cent rise in consolidated net profit at Rs 911.2 crore in the second quarter ended September 30, 2024. The company had posted a consolidated net profit of Rs 800.7 crore in the corresponding period of the last fiscal year, Zydus Lifesciences Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 5,237 crore, as compared to Rs 4,368.8 crore in the year-ago period, it added. "Sustained growth momentum across our businesses along with enhanced profitability drove our strong Q2 performance. Execution success of our differentiated pipeline in the US and outperformance of our India geography business were particularly noteworthy," Zydus Lifesciences Managing Director Sharvil Patel said. India geography comprising formulations as well as consumer wellness businesses registered revenues of Rs 1,944.4 crore, up 10 per cent year-on-year (y-o-y). The US formulations business registered revenue of Rs 2,416 8 cror

Jupiter Wagons Q2 results: Net profit rises 8.9% to Rs 89.36 crore

Jupiter Wagons Limited on Friday reported an 8.9 per cent increase in consolidated net profit to Rs 89.36 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 82.08 crore in the same quarter of the last fiscal, Jupiter Wagons said in a regulatory filing. Its consolidated income stood at Rs 1,018.75 crore compared to Rs 885 crore in the year-ago period, it added. The order book of the company as of September 30, 2024, stands at Rs 6,64,366 lakh. Managing Director of Jupiter Wagons Vivek Lohia, said, "We have rebranded our subsidiary, Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited even as we unveiled plans to increase capacity for wheelsets manifold through investment of Rs 2,500 crore in a new facility on Odisha". On July 12, 2024, Jupiter Wagons successfully completed a Qualified Institutional Placement (QIP), raising Rs 800 crore. The capital raised will be primarily used to establis

Mini packs, major dilemmas: FMCGs tackle shrinking margins, pricing woes

Industry executives have observed a decline in the share of the Rs 5 segment within the FMCG market, which was 35 per cent two years ago

Uniqlo owner Fast Retailing posts 31% rise in yearly profit, beats estimate

Fast Retailing's operating profit rose 31 per cent to 500.9 billion yen ($3.35 billion) in the 12 months through August from 381.1 billion yen a year earlier

Samsung set to report four-fold jump in profit, recovery pace slows in Q3

The South Korean company has been scrambling to catch up with smaller rivals SK Hynix and Micron

Shanthi Gears result: PAT rises to Rs 21.66 cr, total income at Rs 142.2 cr

Gear manufacturer Shanthi Gears Ltd has recorded a profit after tax of Rs 21.66 crore for the April-June 2024 quarter, the company said. The Tamil Nadu-based Murugappa Group company had registered a profit after tax of Rs 18.12 crore in the corresponding quarter, last year. For the year ending March 31, 2024 the profit after tax was Rs 82.25 crore. Total income during the quarter under review grew to Rs 142.21 crore from Rs 125.44 crore in the same period last year. For the year ending March 31, 2024 the total income was Rs 557.11 crore. In a statement, the company said it continues to focus on revenue, profitability, return on invested capital and free cash flow. Revenue during the quarter grew by 14 per cent to Rs 138.8 crore, while the profit before tax (PBT) for the quarter rose to Rs 29 crore, up by 20 per cent over Rs 24.1 crore in the same period last year. The company achieved a Return on average Invested Capital (ROIC) of 52 per cent during the April-June quarter and th

Arvind Q1 results: Profit dips 37.25% to Rs 43.73 cr, revenue falls 1.2%

Leading textile manufacturer Arvind Ltd on Monday reported a 37.25 per cent decline in consolidated net profit at Rs 43.73 crore for the first quarter ended June 30, 2024, on account of workers' strike and general elections. The company had posted a net profit of Rs 69.70 crore in the April-June quarter a year ago, Arvind Ltd said in a regulatory filing. Arvind Ltd said its revenue from operations declined 1.22 per cent at Rs 1,830.60 crore during the April-June quarter. It was at Rs 1,853.27 crore in the corresponding period of the previous fiscal. "The financial performance and growth of Arvind Limited in Q1 of FY25 were impacted by two unrelated events: the National general election and an illegal worker's unrest," said Arvind in its earnings statement. The unrest impaired the performance at the Santej factory, its largest textile facility, for 21 days. The strike affected the company's main businesses, including the woven segment, denim segment, and the industrial and human ..

Shakti Pumps Q1 result: Net profit jumps to Rs 93 cr, revenue up four-fold

Shakti Pumps on Monday said it has posted a manifold jump in its consolidated profit after tax to Rs 92.6 crore during the June 2024 quarter, on the back of higher revenues and healthy order book. It had clocked a Profit After Tax (PAT) of Rs 1 crore in the April-June quarter of the preceding fiscal, the company said in a statement. During the first quarter, the company's revenue from operations rose four-fold to Rs 567.6 crore from Rs 113.1 crore in the year-ago quarter. As of June 2024, the company had an order book of around Rs 2,000 crore, the statement said. "We reported an outstanding start to FY25, with the first quarter demonstrating robust revenue growth and enhanced profitability. Our performance is attributable to the accelerated execution of the existing orders in both domestic and export markets," Shakti Pumps (India) Ltd Chairman Dinesh Patidar said. The improvement in margins was achieved due to a decline in raw material prices, coupled with economies of scale resul

Sterling and Wilson Renewable Energy reports Rs 4.8 cr profit in Q1 profits

Sterling and Wilson Renewable Energy Ltd on Thursday posted a net profit of Rs 4.83 crore for the June quarter. It had clocked a net loss of Rs 95.32 crore in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 927.89 crore from Rs 522.35 crore in the same quarter a year ago. The expenses stood at Rs 913.23 crore during the quarter as against Rs 617.68 a year earlier. In a statement, Sterling and Wilson Renewable Energy Group Global CEO Amit Jain said, "We are well-positioned to continue this upward trajectory and deliver enhanced value to all our stakeholders." The company's current order book stands at Rs 2,170 crore, while net debt was at Rs 97 crore. Sterling and Wilson Renewable Energy Ltd is an end-to-end renewable engineering, procurement, and construction solutions provider for utility-scale solar, floating solar and hybrid and energy storage solutions.

Higher share of Ulips likely to weigh on life insurers' profit margin

Non-life firms to post strong premium growth, benefit from low claims ratio

Airport industry to see profit before tax of $1.3 bn this fiscal: CAPA

The country's airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger in the fiscal ending March 2025, aviation advisory firm CAPA India said while giving projections at its aviation summit in the national capital on Friday. In the current fiscal, passenger throughput at Indian airports is estimated to rise to 404.9 million. Out of the total, 81.1 per cent will be domestic and 18.9 per cent will be international traffic, it said. As per the report, the Airport Authority of India's (AAI) profitability is likely to remain robust in FY2024 and FY2025. "The topline will grow due to an increase in aeronautical revenue along with the receipt of revenue share from the recently privatised six non-metro airports, without having to incur any expense associated with it - resulting in higher profitability," it added. The industry's profit before tax is expected to be USD 1.3

ReNew Energy Global net profit jumps 7-fold to $7 mn in March quarter

ReNew Energy Global Plc on Thursday said its net profit jumped seven-fold to USD 7 million in the January-March quarter of FY24 due to higher income and reduced expenses. The total revenue for the latest fourth quarter decreased by 4.4 per cent to USD 297 million, down from USD 311 million in the same period in the preceding fiscal, according to a company statement. The company attributed the fall in revenue to lower earnings from its transmission projects. The company's net profit for the entire financial year stood at USD 50 million, compared to a net loss of USD 60 million in FY23. The clean energy major registered an 8.1 per cent jump in its total revenue to USD 1,158 million in FY24 from USD 1,072 million in FY23. The company said that the record profits were registered despite a marginal fall in the weighted average Plant Load Factor (PLF) for the reporting quarter as well as the financial year due to lower radiation and wind speeds. While the PLF for FY24 was 26.4 per cent

Credit growth, quality assets likely to spur bank profits in Q4 FY24

Reserve Bank of India data showed bank loans grew by 20.2 per cent YoY growth in advances to Rs 164.34 trillion and deposits expanded by 13.5 per cent growth on YoY basis

Despite legislative progress, gender issues still on margins, say experts

In the run-up to the Lok Sabha polls, the discourse surrounding women's issues has garnered renewed attention with the slogan of 'Nari Shakti' but several activists are apprehensive that the core concerns of women may again get subdued in the broader economic and political debates. There is a need for political parties to prioritise gender-sensitive policies, not merely as token gestures but as integral components of their core agendas, Poonam Muttreja, executive director of the Population Foundation of India (PFI) said, criticising the "marginalisation" of women's issues within the broader electoral discourse. "To truly empower women and address their unique concerns, it is imperative that political parties and leaders integrate gender-sensitive policies into their core agendas and manifestoes as a priority. "This includes not only increasing women's representation in political spaces but also ensuring that their voices are heard and acted upon in decision-making processes," she ..

SC strikes down electoral bond scheme as 'unconstitutional', against rights

Orders EC to disclose donors, amount & recipients by March 13

Max Healthcare Institute Q3 results: PAT rises 26% to Rs 338 crore

Max Healthcare Institute Ltd on Wednesday reported a 26 per cent growth in its profit after tax at Rs 338 crore in the December quarter. The company had posted a Profit After Tax (PAT) of Rs 269 crore in the third quarter of FY23, Max Healthcare Institute said in a statement. Network gross revenue stood at Rs 1,779 crore, up 14 per cent as compared to Rs 1,559 crore in the same period a year ago, it added. Max Healthcare Institute Chairman and Managing Director Abhay Soi said the company continued to witness positive trends on all parameters even during this quarter. This translated into revenue and profitability growth, despite expected softness in occupancies due to the festive season. "Further, our entry into central UP (Uttar Pradesh) through the acquisition of Sahara Hospital will strengthen our presence in Northern India and will act as a stepping stone in growing Max Healthcare's presence in the region," he added.

TVS Motor beats Q3 profit view on strong festive demand, sales up by 25%

Sales of motorcycles jumped about 20%, accounting for nearly half of the total business, while sales of less-expensive scooters surged 36.5%, boosting TVS' revenue by 26% to 82.45 billion rupees