Edible oil major Ruchi Soya Industries Ltd on Friday reported a 25 per cent decline in its standalone net profit to Rs 234.33 crore for the March 2022 quarter, mainly due to higher tax expenses. Its net profit stood at Rs 314.33 crore in the year-ago period. The company's total income rose to Rs 6,676.19 [...]
Godrej Industries on Friday reported a consolidated net profit of Rs 422.82 crore for fourth quarter ended March 31, 2022. The company had posted a loss of Rs 92.17 crore for the same quarter of previous fiscal year, Godrej Industries said in a regulatory filing. Revenue from operations during the quarter under review stood at [...]
The stock of FMCG major ITC Limited has acquired lustre in recent times. The shares climbed to their near 3-year highest levels to ₹ 282.35 apiece on 20th May 2022. In fact, ITC is the best performing stock in the Nifty 50 index with an increase of 21.61% on a year to date basis. The [...]
Cement manufacturer The India Cements Ltd has reported standalone net loss for the quarter ending March 31, 2021 at Rs 23.71 crore due to 'spiraling' increase in the cost of input materials together with the loss of volume, the company said on Friday. The city-based company had registered standalone net profit at Rs 71.63 crore [...]
Drug major Sun Pharma on Friday said its subsidiary has acquired the Uractiv portfolio from Fiterman Pharma in Romania. The company's unit - SC Terapia SA, Romania - has acquired the Uractiv portfolio, which comprises food supplements, including minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health. The Mumbai-based drugmaker, [...]
Shares of Paradeep Phosphates on Friday made a tepid market debut with a nearly 5 per cent gain against its issue price of Rs 42. The stock was listed at Rs 43.55, a jump of 3.69 per cent against the issue price, on the BSE. At the NSE, it made its debut at Rs 44, [...]
Future Retail Ltd (FRL) has denied Amazon's allegations that the debt-ridden firm's independent directors facilitated a "fraudulent stratagem" in transferring 835 stores to the Reliance group, saying the e-commerce major has been making "baseless" and "irrelevant" claims. "At the outset, we deny all allegations made in the said media report by Amazon on the Company," [...]
Jet Airways, which remains grounded for over two years, on Thursday reported a standalone net loss of Rs 233.63 crore for the three months ended March. The full service carrier had a standalone net loss of Rs 107.01 crore in the year-ago period, according to a regulatory filing. Total income stood at Rs 11.63 crore [...]
Engine and power equipment maker Cummins India on Thursday reported a marginal growth in its standalone profit after tax at Rs 189.15 crore in the quarter ended March, 2022. The company had posted a standalone PAT (Profit After Tax) at Rs 185.69 crore in the year-ago quarter, Cummins India Limited said. Sales from operations stood [...]
Torrent Pharmaceuticals on Thursday said it has inked a pact to acquire four brands from Dr Reddy's Laboratories. The Ahmedabad-based drug firm has entered into an agreement with Dr Reddy's Laboratories to acquire four of its brands -- Styptovit-E, Finast, Finast-T and Dynapress, Torrent Pharma said in a statement. Financial details were not disclosed. Styptovit-E, a [...]
