profit

Hero reports 71 per cent increase in net profit at Rs 625 crore 

The automaker sold 13.90 lakh units of motorcycles and scooters in FY2023, up 36% when compared to the sales in the corresponding quarter last fiscal.

published on : 13th August 2022

LIC Q1 net profit drops 3/4th sequentially

The insurer’s total income fell from Rs 2,11,451 crore in the March-ended quarter to Rs 1,68,881 crore in the first quarter of FY23.

published on : 13th August 2022

Rural Electrification Corporation may soon become 12th Maharatna PSU

REC is a non-banking financial company (NBFC) and it focuses on power sector financing.

published on : 11th August 2022

Hindalco beats estimates, posts Rs 4,119 crore profit in Q1 

Hindalco on Wednesday reported a 47.7% year-on-year rise in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30.

published on : 11th August 2022

IRCTC posts three-fold growth in profit to Rs 246 crore in Q1 

The company’s revenue from operations rose 251% to Rs 853 crore in Q1FY23 from Rs 243 crore in Q1FY22.

published on : 11th August 2022

Tata Consumer Products Q1 profit up by 38 per cent at Rs 276.72 crore

The company’s revenue from operations increased 10.58% to Rs 3,326.83 crore during the quarter under review as against Rs 3,008.46 crore in the corresponding period last fiscal year.

published on : 11th August 2022

PowerGrid profit falls by 37 per cent to Rs 3,801 crore

Total income of the company was at Rs 11,169 crore for Q1FY23, which is 7% higher compared to ₹10,392 crore in the Q1 of the previous year, the company said in a statement.

published on : 10th August 2022

Adani Ports Q1 net profit drops 17 per cent to Rs 1,091.56 crore

Karan Adani, CEO and whole-time director of APSEZ, said, "Q1 FY23 has been the strongest quarter in APSEZ's history, with a record cargo volume and highest ever quarterly EBITDA."

published on : 8th August 2022

Swedish audio streaming platform Spotify losses widen despite increase in subscription rate 

Spotify blamed the losses on higher staff costs after expanding its team and new acquisitions as it widens its reach into the world of podcasts.

published on : 8th August 2022

Mineral corporation earns Rs 1.4,00 crore net profit in Q1

In the corresponding period last year, the public-sector mining firm recorded 8.91 tonnes of production and 9.45 tonnes in sales.

published on : 6th August 2022

FMCG major Dabur’s net profit increases by 0.6 per cent

Its revenue from operations moved up 8% to Rs 2,822.43 crore during the quarter under review, as against Rs 2,611.54 crore in the corresponding period a year ago.

published on : 5th August 2022

Britannia net profit down by 13 per cent in first quarter

Varun Berry, Managing Director, said on the cost & profitability front, global factors continued to impact the economy, which led to a further surge in inflation during the quarter. 

published on : 5th August 2022

Bank of India Q1 profit falls by 22% to Rs 561 crore   

BoI improved on its asset quality as gross non-performing assets fell to 9.30% of gross advances by the end of June 2022.

published on : 4th August 2022

7 SPSEs in red, Gridco has highest negative net worth of Rs 4,135 crore

The State government has paid up capital of Rs 576.71 crore to Gridco and the closing balance of guarantee by the end of the 2019-20 was Rs 4,913.5 crore.

published on : 3rd August 2022

ITC Q1 net profit increases 34 per cent to Rs 4,390 crore

Revenue from operations surged 39.25% to Rs 19,831.27 crore, from Rs 14,240.76 crore posted in the same quarter last year.

published on : 2nd August 2022

HSBC Bank's H1 pre-tax profit falls, dismisses calls for split

London-headquartered HSBC was among a number of major banks to cancel dividends early in the pandemic after a de facto order from the Bank of England.

published on : 1st August 2022

Punjab National Bank's net profit slumps 70% on mark-to-market losses

The Managing Director and CEO of the bank, Atul Kumar Goyal, told media that the bank suffered mark-to-market losses to the tune of Rs 1,700 crore due to increase in interest rates.

published on : 30th July 2022

DLF’s Q1 net profit rises by 39% to Rs 470 crore

Total income rose to Rs 1,516.28 crore in the first quarter of this fiscal from Rs 1,242.27 crore in the corresponding period of the previous year, according to a regulatory filing.

published on : 30th July 2022

NTPC reports 15 per cent rise in net profit

Its total income rose to Rs  43,560.72 crore in the first quarter of the current fiscal from Rs  30,390.60 crore in the same period of the last year.

published on : 30th July 2022

Indian Oil Corporation sees 66.46 per cent decline in net profit in Q1 FY23

This is the first quarterly loss reported by the company in the past two years. The company had posted a net profit of Rs 5,941.37 crore in the same period a year ago. 

published on : 30th July 2022
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