Its export markets have also opened up with new orders, while tender business remained quite sluggish, it added.
Shares of Whirlpool of India Ltd closed at Rs 2,101.85 per unit, down 1.87 per cent from the previous close.
'The growth momentum was interrupted by the resurgence of the second wave of COVID-19 in the middle of April and the consequent lockdown-like restrictions imposed in various states.'
SVP Global Ventures posts Rs 39 crore profit in June quarter; income from operations jumps to Rs 385 crore
Income from operations rose to Rs 384.79 crore in the first quarter of this fiscal, from Rs 91.82 crore in the corresponding period of the previous year, according to a regulatory filing.
At the NSE also, after an upbeat start and a gain of 2.31 per cent in early trade, the stock was later trading at Rs 572.90, lower by 0.52 per cent.
This despite the attrition rate climbing to a 12-month high at 13.7%, signalling a continuing concern of employee exits from leading IT service firms.
Provisions for bad loans and contingencies for the reported quarter increased to Rs 1,380.46 crore as against Rs 1,060.38 crore parked aside in the corresponding period a year earlier.
The total revenue of the company declined about 10 per cent to Rs 3,186 crore in 2020-21 compared to Rs 3,540.77 crore in the previous year.
The company had posted a net profit of Rs 220.30 crore in the corresponding period of the previous fiscal, Glenmark said in a late regulatory filing on Friday.
The erstwhile Allahabad Bank was amalgamated into Indian bank with effect from April 1, 2020. Total income during the January-March quarter of 2020-21 increased to Rs 10,647.87 crore.
The Mumbai-based company had reported a net profit of Rs 390 crore in the January-March quarter of 2019-20.
Revenue grew 28% to $1.04 billion. Analysts, on average, were expecting a loss of 2 cents per share on revenue of $1.03 billion, according to a poll by FactSet.