Concor Q1 results: Net profit jumps multi-fold to Rs 251 crore

2021-07-30 01:10:46

New Delhi: State-owned Container Corporation of India Ltd (Concor) on Thursday reported 409.67 per cent surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30. The company had clocked a net profit of Rs 49.29 crore in the year-ago period, the multi-modal logistics company said in a regulatory filing.

The total income during the April-June FY22 increased to Rs 1,876.79 crore, from Rs 1,251.50 crore a year ago.

Its expenses

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Jyothy Labs Q1 results: Net profit down 20% at Rs 40 cr

2021-07-30 01:08:03

New Delhi: Homegrown FMCG firm on Thursday reported 19.61 per cent decline in consolidated net profit at Rs 40.20 crore for June quarter 2021-22 on account of increase in input cost. It had posted a net profit of Rs 50.01 crore in April-June period of the last fiscal year, Jyothy Labs said in a regulatory filing.

However, revenue from operations was up 23.94 per cent to Rs 525.40 crore during the period under review as against Rs 423.90

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Raymond Q1 results: Co posts net loss at Rs 157 cr

2021-07-30 01:04:49

New Delhi: Raymond Ltd on Thursday reported a consolidated net loss of Rs 157.10 crore for the quarter ended June 2021. The company had posted a net loss of Rs 247.60 crore during the April-June quarter of the previous fiscal, Raymond said in a regulatory filing.

However, its revenue from operation rose over four-fold to Rs 825.70 crore as against Rs 163.16 crore in the corresponding period of the previous fiscal.

Total expenses in Q1 FY 2021-22 were

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Union Bank of India Q1 results: Net profit zooms to Rs 1,181 cr

2021-07-30 01:00:47

Mumbai: on Thursday reported over three-fold jump in standalone net profit at Rs 1,181 crore for June quarter 2021-22, helped by higher net interest income and improvement in asset quality.

The lender had reported a standalone profit after tax of Rs 333 crore in the year-ago period.

The consolidated profit in the quarter jumped over three folds to Rs 1,120.15 crore.

“The bank’s performance has stabilised and we have seen substantial improvement. After almost three to four quarters,

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Punjab & Sind Bank Q1 results: Co reports net profit at Rs 174 cr

2021-07-30 00:58:19

New Delhi: State-owned Punjab & on Thursday reported a net profit of Rs 173.85 crore for the first quarter ended June 30. The bank had posted a net loss of Rs 116.89 crore a year ago. Sequentially, it had registered a net profit of Rs 160.79 crore in the March 2021 quarter.

The total income of the bank during Q1FY22 rose to Rs 2,039.61 crore from Rs 1,954.39 crore in Q1FY21, Punjab & Sind Bank said in a

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LIC Housing Finance Q1 results: Net profit down 81% to Rs 153.44 cr

2021-07-30 00:55:17

Mumbai: Mortgage financier (LIC HFL) on Thursday reported an 81 per cent decline in its standalone net profit at Rs 153.44 crore in the quarter ended June due to increased provisioning for non-performing loans. The lender had reported a profit after tax of Rs 817.48 crore in the corresponding quarter of the previous fiscal.

“Our net profit dropped because of provisioning for NPAs. Apart from that, there was salary expenses which also impacted,” LIC Housing Finance Managing Director

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EIH Q1 results: Net loss narrows to Rs 114 cr

2021-07-30 00:53:17

New Delhi: Hospitality firm EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, on Thursday said its consolidated net loss narrowed to Rs 114.25 crore for the first quarter ended June 30. The company had posted a consolidated net loss of Rs 152.06 crore in the corresponding period previous fiscal, EIH said in a BSE filing.

Its consolidated revenue from operations stood at Rs 95.93 crore in the quarter under consideration. It was Rs

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Mahindra Holidays Q1 results: Net loss narrows to Rs 21 crore

2021-07-30 00:47:24

New Delhi: Mahindra Holidays & Resorts India on Thursday reported narrowing of its consolidated net loss to Rs 21.38 crore for the quarter ended June 30, 2021. The company had posted a net loss of Rs 32.37 crore for the corresponding period of the previous fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing.

Consolidated total income stood at Rs 418.29 crore for the quarter under consideration. It was Rs 325.20 crore for the

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Welspun Corp Q1 results: Net profit jumps 80% to Rs 97 crore

2021-07-30 00:45:18

New Delhi: Welspun Corp on Thursday reported an over 80 per cent surge in consolidated net profit to Rs 97.28 crore for the first quarter ended June 30. The company had registered a net profit of Rs 53.92 crore in the year-ago period.

However, its total income in the quarter under review fell to Rs 1,336.49 crore from Rs 2,085.42 crore a year ago, Welspun Corp Limited said in a BSE filing.

The company’s expenses in the said

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PVR Q1 results: Co reports net loss of Rs 220 cr

2021-07-30 00:41:42

New Delhi: Leading multiplex chain operator PVR Ltd on Thursday reported a consolidated net loss of 219.55 crore for the first quarter ended June 2021, due to a hit on its film exhibition business amid Covid-induced lockdowns. The company had posted a net loss of Rs 225.73 crore in the April-June quarter a year ago, said PVR in a BSE filing.

Its revenue from operations was at Rs 59.39 crore during the quarter under review. It was Rs

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New investor registrations cross 50 lakh on NSE in less than 4 months of FY22

2021-07-30 00:39:40

New Delhi: Leading stock exchange NSE on Thursday said the number of new investor registrations crossed 50 lakh on its platform in less than four months of the current financial year. The new investor registrations saw 2.5 times year-on-year growth in the first four months of 2021-22, the exchange said in a statement.

Fresh registrations stood at 8.5 lakh during April-July 2019, 20 lakh in April-July 2020 and finally reached 51.3 lakh as of July 25, 2021.

In

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NSE-BSE bulk deals: Ashish Kacholia buys more stake in Garware Hi-Tech

2021-07-30 00:34:32

MUMBAI: Famed value investor Ashish Kacholia today bought 141,871 additional shares of Garware Hi-Tech Films at Rs. 1,005 apiece through a bulk deal on the BSE.

Prior to the transaction, Kacholia held a 2.58 per cent stake in the company, as per the June shareholding data.

In another transaction, Aberdeen Asian Smaller Companies Investment Trust sold 1 million shares of

at Rs. 240 apiece through a bulk deal on the National Stock Exchange.

Meanwhile, Plutus Wealth Management bought

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Sebi imposes Rs 10 lakh fine on Karvy Financial Services for not making open offer timely

2021-07-30 00:19:39

NEW DELHI: Markets regulator Sebi has levied a fine of Rs 10 lakh on Karvy Financial Services Ltd for delay in making public announcement to acquire shares of Regaliaa Reality Ltd.

” … by not making the mandatory public announcement within the stipulated time period the Noticee has violated the statutory requirements of law and accordingly, the Noticee has to be penalised for the same,” Sebi said.

Karvy Financial made public announcement for open offer with a delay

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Oberoi Realty Q1 results: Co reports net profit at Rs 81 crore

2021-07-29 23:54:14

MUMBAI: Realty developer has reported a consolidated net profit of Rs 80.81 crore, up 176 per cent from a year ago. However, net profit for the quarter witnessed nearly 72 per cent decline sequentially.

The developer reported consolidated revenues of Rs 294.77 crore for the quarter as against Rs 126.86 crore a year ago and Rs 800.87 crore in the previous quarter.

“The real estate sector is undergoing major consolidation as very few developers have the financial stability

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HR service firm CIEL Q1 revenues grow over 9%

2021-07-29 23:44:59

Chennai: Human resources service firm CIEL on Thursday reported a PAT of around Rs. 83 lakhs for the financial year ended March 31, 2021 as against about Rs. 8 lakhs in the previous financial year.

“In spite of the herculean challenges in the economy, our revenues in the FY grew over 9 per cent vis-a-vis that in the previous year. Our growth has been purely organic at a CAGR of 131 per cent over the last 6 years;

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Tech Mahindra Q1 net profit up 39% to Rs 1,353 cr

2021-07-29 23:20:48

Pune: ’s first-quarter net profit rose about 39 per cent to Rs 1,353 crore, while revenue was up 12 per cent at Rs 10,198 crore, the IT services provider said on Thursday.

In dollar terms, profit was up around 42 per cent at $183.2 million, while revenue climbed 14.6 per cent to about $1.38 billion in the April-June period.

“We have witnessed an all-rounded performance this quarter with growth across our key markets and industry sectors. We continue

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Robinhood slides over 10% in grim Nasdaq debut

2021-07-29 22:23:42

Shares of Robinhood Markets Inc fell more than 10 per cent after opening flat in their Nasdaq debut on Thursday, valuing the online brokerage at about $28 billion, a dismal reception to one of the most hotly anticipated listings of the year.

Shares fell to $34 in early trading, far lower than the offer price of $38, which was at the lower of end of its initial price offering (IPO) range.

The company, arguably the breakout financial technology

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Ahead of Market: 12 things that will decide stock action on Friday

2021-07-29 22:13:09

NEW DELHI: Nifty50 on Thursday negated its lower high-lows and formed a small bullish candle on the daily chart. Analysts said the 15,820 level may act as immediate resistance for the benchmark index.

Here’s how analysts read the market pulse:

Rohit Singre of LKP Securities said Nifty50 has formed a good base in the 15,750-15,650 range. “If the index holds on to the range, one can expect a bullish momentum to emerge,” he said.

Mazhar Mohammad of Chartviewindia.in

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Trade Setup: Nifty not out of the woods, stay vigilant

2021-07-29 21:20:16

In what turned out to be an antidot to the previous session, domestic equities consolidated within a very narrow range with near-absent volatility. It traded in a very narrow range and ended the day on a positive note. The market saw a positive opening to the session; Nifty opened modestly higher and remained in a narrow 40-odd point range throughout the day. The market did not take any directional bias and maintained its modest gains throughout the day.
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