MUMBAI: Shares of TVS Motor Company fell 3.1% on Friday after the company reported a 43.3% decline in its consolidated net profit to ₹81.85 crore for the quarter ended March. At 0152pm, the stock traded 0.7% lower at ₹330.75, while the benchmark Sensex was down 0.5% at 32033.47. The two-wheeler major’s total income declined nearly […] More
NEW DELHI: Lupin Ltd reported a 35% year-on-year jump in its January-March (Q4) consolidated net profit to ₹389.6 crore on account of a one-time gain accrued from the divestment of its stake in Japanese firm Kyowa Pharmaceuticals even as the company’s operational performance was hit by a fall in sales in US and Asia Pacific […] More
New Delhi: Drug firm Lupin has reported a 34.55 percent rise in its consolidated net profit to Rs 389.63 crore for the quarter ended March 2020 mainly on account of robust sales in the domestic market and lower tax expenses. The company had posted a net profit of Rs 289.56 crore for the corresponding period […] More
NEW DELHI : Global manufacturers AstraZeneca, GlaxoSmithKline, Pfizer and Johnson & Johnson on Thursday pledged to supply covid-19 vaccines on a no-profit basis to improve access to any successful vaccine when it is available in the market. “It’s certainly a situation where we will not charge any royalty and make no profit during the time […] More
New Delhi: Tyre maker Ceat on Thursday reported a 19.58 per cent decline in consolidated net profit at Rs 51.72 crore for the fourth quarter ended March 31, 2020. The company had posted a net profit of Rs 64.32 crore in January-March quarter a year ago, Ceat said in a regulatory filing. Revenue from operations […] More
New Delhi: TVS Motor Company on Thursday reported a 43.3 percent decline in its consolidated net profit to Rs 81.85 crore for the fourth quarter ended on 31 March, 2020. The company had posted a net profit of Rs 144.37 crore in the January-March period of 2018-19 fiscal. #4QWithCNBCTV18 | @tvsmotorcompany reports Q4 earnings pic.twitter.com/ajN1qkeNjX […] More
New Delhi: Federal Bank’s net profit fell 21% due to a sharp rise in provisioning as the bank set aside money to deal with stress from the Covid 19 crisis. Net profit fell to Rs 301 crore in March 2020 from Rs 382 crore a year ago. Provisions increased to Rs 568 crore in March […] More
MUMBAI: Federal Bank Ltd on Thursday reported a 21% year-on-year (YoY) fall in its net profit for January-March due to higher provisioning. The bank posted a net profit of ₹301.23 crore for the quarter ended March, down from ₹381.51 crore in the year-ago period. Profit was lower than ₹380.20 crore estimated by a Bloomberg poll […] More
MUMBAI: TVS Motor Company Ltd (TVS), maker of Apache motorcycles, reported a 45% year-on-year decline in its standalone net profit to ₹74 crore for the March quarter due to a 30% fall in its quarterly sales. The company had reported a profit ₹134 crore in Q4 FY19. TVS Motors reported standalone revenue from operations for […] More
New Delhi: Packaged consumer goods firm Dabur India on Wednesday reported a 24% year-on-year decline in its fourth quarter (Q4) net profit to ₹281 crore as the covid-19 crisis hit business at the maker of Real juices and Vatika hair oil. The company had posted a net profit of ₹370 crore in the year-ago period. […] More
New Delhi: Shares of Ujjivan Financial Services on Thursday jumped nearly 13 percent after the company reported over 79 percent jump in its consolidated net profit in the March 2020 quarter. The scrip zoomed 11.82 percent to Rs 174.90 on BSE. On NSE, it surged 12.75 percent to Rs 176.40. #CNBCTV18Market | Ujjivan trades with […] More
New Delhi: Shares of United Spirits on Thursday fell nearly 4 percent after the firm reported a decline of 57.82 percent in its consolidated net profit for the fourth quarter ended March 2020. The stock dropped 3.54 percent to Rs 557.30 on BSE. #4QWithCNBCTV18 | On a YoY basis, United Spirits’ revenue falls 7.6% at […] More
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