Latest News On Company Results

Mumbai, Jan 21 (PTI) IDBI Bank on Friday reported a 53 per cent jump in standalone profit after tax (PAT) at Rs 578 crore for the quarter ended December, aided by healthy growth in net interest income.   The Life Insurance Corporation (LIC)-owned lender had reported a standalone PAT of Rs 378 crore in the [...]

New Delhi, Jan 21 (PTI) JSW Steel on Friday posted a 69 per cent jump in consolidated net profit to Rs 4,516 crore for the quarter ended December 31, mainly on account of higher income. The firm had clocked a net profit of Rs 2,669 crore in the year-ago period, it said in a regulatory [...]

New Delhi, Jan 21 (PTI) FMCG firm Jyothy Labs Ltd on Friday reported a 28.57 per cent decline in consolidated net profit at Rs 38.02 crore in the third quarter ended December 31, 2021 on account of higher expenses. The company had posted a consolidated net profit of Rs 53.23 crore in the same period [...]

DELHI: * Fisheries Minister Parshottam Rupala at CII's digital Conference on Fisheries and Aquaculture (1000 hrs) * PFRDA Chairperson Supratim Bandyopadhyay at 'Know Your Regulator' forum (1800 hrs) * HDFC Life Insurance Company Ltd Q3 results media call (1630 hrs) * TRAI Chairman, DoT Secretary, others at webinar on 'Robust Digital Infrastructure' (1600 hrs) * [...]

New Delhi, Jan 20 (PTI) Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net profit of Rs 77.32 crore for the third quarter ended December 2021.     The company had posted a net loss of Rs 25.11 crore in the October-December quarter a year ago, said Shoppers Stop in a regulatory filing.     [...]

New Delhi, Jan 20 (PTI) Business process management major WNS Holdings on Thursday reported a 10.6 per cent rise in net profit to USD 34.3 million for the third quarter ended December 2021.As per the general accounting standards, the company had registered a net profit of USD 31 million in the corresponding quarter last year, [...]

New Delhi, Jan 20 (PTI) FMCG major Hindustan Unilever Ltd on Thursday reported an 18.68 per cent increase in consolidated net profit to Rs 2,300 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 1,938 crore in the October-December period of the previous fiscal. Revenue from sales during [...]

New Delhi, Jan 20 (PTI) Retirement fund body EPFO added 13.95 lakh subscribers on a net basis in November 2021, an increase of nearly 38 per cent compared to the year-ago period, according to the latest payroll data. The provisional payroll data of EPFO showed that there was an addition of 13.95 lakh net subscribers [...]

Mumbai, Maharashtra, India & New York, United States– Business Wire India WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced results for the fiscal 2022 third quarter ended December 31, 2021. Highlights – Fiscal 2022 Third Quarter: GAAP Financials Revenue of $284.1 million, up 19.2% from [...]

New Delhi, Jan 19 (PTI) JSW Ispat Special Products Limited on Wednesday posted a consolidated net loss of Rs 28.24 crore for the December 2021 quarter.It had reported a net profit of Rs 29.49 crore in the year-ago quarter, the company said in a regulatory filing.Its total income, however, increased to Rs 1,476.46 crore during [...]

- Establishes new base for optical business in the US with orders of ~Rs 3 Bn - Establishes new revenue stream of Optical Interconnect with orders worth ~Rs 7 Bn MUMBAI, India, Jan. 19, 2022 /PRNewswire/ -- STL (NSE: STLTECH), an industry leading integrator of digital networks, announced its financial results for the quarter ended [...]

New Delhi, Jan 19 (PTI) Shares of JSW Energy on Wednesday gained nearly 3 per cent after the firm announced an over two-fold rise in its December 2021 quarter profit. It jumped 2.68 per cent to settle at Rs 311.95 on the BSE. During the day, the stock rallied 4.98 per cent to Rs 318.95. [...]

New Delhi, Jan 19 (PTI) Hitachi Energy India on Wednesday said it has bagged orders of over Rs 160 crore to provide key electric components to support the electrification of rail routes in the country."Hitachi Energy India Ltd has won orders exceeding Rs 160 crore for its key electric components to support the electrification of [...]

Mumbai, January 18 – Decentralized metaverse vEmpire DDAO on Tuesday reported a stellar performance in 2021 with an annualized profit of over $18.5 million, led by gains in metaverse property, sale of NFTs and staking investments. The year-end report, compiled by vEmpire, discloses its staking strategies carried out across Ethereum, Decentraland, Sandbox, Axie Infinity, and [...]

New Delhi, Jan 17 (PTI) Jewellery retailer Kalyan Jewellers on Monday said it has registered an FIR of theft of silver estimated at Rs 40 lakh at the company's Preet Vihar outlet in New Delhi. Though the incident took place on Saturday, it came to light only on Monday after the staff arrived to open [...]

New Delhi, Jan 17 (PTI) Fitch Ratings has projected Hexaware Technologies' revenues to grow at 12-14 per cent in the next fiscal and said the company has a "positive" credit outlook.The agency has assigned India-based Hexaware Technologies long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-' and said the Outlook is positive.'BB' ratings indicate [...]

New Delhi, Jan 17 (PTI) Construction firm Capacit'e Infraprojects on Monday said it has bagged a Rs 231-crore work order from Raymond Realty in Mumbai.With the latest order, the company's order book has reached Rs 9,000 crore, the Mumbai-based company said in a statement.The scope of the order includes civil core and shell works at [...]

CHENNAI, India, Jan. 17, 2022 /PRNewswire/ -- South India's largest real estate developer Alliance Group and brand Urbanrise, in its mission to bring quality homes to consumers, has today announced a significant milestone - the successful sale of 2800 units in just 9 months. With over eight projects in Chennai and three projects in Hyderabad, [...]

New Delhi, Jan 17 (PTI) Automaker Kia India on Monday said it has received 7,738 bookings of its upcoming model Carens on the first day of commencing the order process.The company had opened the pre-bookings for the new model on January 14 at an initial booking amount of Rs 25,000.“We are delighted with the overwhelming [...]

Mumbai, Jan 16 (PTI) Sunteck Realty is on a Rs 22,000-crore potential revenue path by launching seven projects in and around the Mumbai metropolitan region over the next five to eight years.These projects are expected to make it one of the largest realtors in terms of the topline.The realty firm has built the first uber [...]

New Delhi, Delhi, India (NewsVoir) India’s top tractor exports brand and country’s leading tractor manufacturer, Sonalika Tractors has always caught hold of the real market pulse and capitalised on hidden market opportunities to ensure the committed plans. Carrying forward the strong momentum built throughout FY’21, Sonalika Tractors has breached past 1 lakh tractor sales mark [...]

Rourkela, Jan 13 (PTI) Rourkela Steel Plant, a unit of SAIL, has supplied 2.9 lakh tonne of special grade steel to a mega lift irrigation project in Telangana, a company statement said on Thursday. Authorities of the Odisha-based plant have been making efforts to fulfil requirements of customised steel products for high-profile infrastructure projects in [...]

New Delhi, Jan 13 (PTI) Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha. Vedanta Aluminium's business has become the largest industrial consumer of renewable energy in 2021, leading renewable energy procurement on India's power exchanges– Indian Energy Exchange [...]

Gurugram, Haryana, India&Munich, Germany – Business Wire India The BMW Group posted solid year-on-year sales growth of 8.4 percent last year, with a total of 2,521,525 BMW, MINI and Rolls-Royce vehicles delivered to customers worldwide. BMW sales reached a new all-time high of 2,213,795 units (+9.1%) last year, with the brand leading the global premium [...]

Mumbai, Jan 12 (PTI) Renewed mobility restrictions arising from localised lockdowns to contain the Omicron variant-led third wave of the pandemic might pare as much 10 per cent off the rental revenue of mall owners during the current financial year as compared with the earlier expectations, according to a report. However, the credit profiles of [...]

New Delhi, Delhi, India (NewsVoir) • Paid 19,922 death claims worth INR 885.57 crores during the Financial Year 2020-211 Max Life Insurance Co. Ltd (“Max Life”/“Company”), today announced that it has paid 19,922 death claims worth INR 885.57 crore during the Financial Year 2020-21, resulting in an individual death claims paid ratio of 99.35% for [...]

New Delhi, Jan 12 (PTI) Mercedes-Benz India on Wednesday said it expects to log in double-digit sales growth this year as compared with 2021 as it plans to roll out 10 new products in the market during the period. The luxury carmaker retailed 11,242 units in 2021, a growth of 42.5 per cent over 7,893 [...]

Kolkata, Jan 12 (PTI) Import of petroleum coke (petcoke), a byproduct of oil refining process, stood at 9.87 lakh tonnes in December 2021, up by 73 per cent over the corresponding month of the previous year as it is becoming price competitive to coal, according to a report. The import of petcoke in December was [...]

New Delhi, Jan 12 (PTI) A consortium led by LTHE, a wholly-owned arm of Larsen & Toubro, has bagged two mega offshore orders from a prestigious overseas client. The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of [...]

New Delhi, Jan 12 (PTI) Max Life Insurance's death claim settlement stood at over 99 per cent in the financial year 2020-21, in which the company paid claims worth over Rs 885 crore. The company has paid 19,922 death claims worth Rs 885.57 crore during the financial year 2020-21, resulting in an individual death claims [...]

New Delhi, Jan 11 (PTI) Fantasy sports companies, which engage with users online, invested over Rs 3,000 crore last year across various segments, including buying media rights and sponsoring players, a top official of Dream Sports said on Tuesday. During the IAMAI Digital Summit, Dream Sports co-founder and CEO Harsh Jain said the company is [...]

New Delhi, Jan 11 (PTI) State-run SJVN Ltd said it has bagged contracts to set up two grid connected solar power projects of cumulative 125 MW capacity in Uttar Pradesh. The projects will be established in Jalaun and Kanpur Dehat districts of the state. SJVN has bagged the projects through tariff-based competitive bidding process conducted [...]

Mumbai, Jan 11 (PTI) Rupeek, a digital-focused gold loan lender backed by Sequoia and Accel, has said its loan book has nearly doubled from last year and has crossed the Rs 7,500-crore mark in 2021, indicating the financial distress of the public due to the pandemic. The gold loan is more than a fully-secured business [...]

New Delhi, Jan 11 (PTI) JSW Steel on Tuesday posted a 28 per cent year-on-year growth in group combined steel production at 5.35 million tonnes (MT) during the quarter ended December 30, 2021.        In a statement, the JSW Group company said it had produced 4.18 MT in the October-December period of the [...]

New Delhi, Jan 10 (PTI) PTC India has bagged a tender worth Rs 9 crore for providing power management services to Mumbai Port Trust for three years. Rajib K Mishra, CMD In-Charge of PTC India, said the company has won the assignment by outbidding other large players operating in this field. Distribution management services is [...]

New Delhi, Jan 10 (PTI) Larsen & Toubro (L&T) on Monday said its construction arm has bagged a significant order from National High Speed Rail Corporation Ltd (NHSRCL). The major scope of work for the project comprises design and construction of civil and building works for a double-line high speed railway of a length of [...]

Mumbai, Jan 10 (PTI) Microfinance lender CreditAccess Grameen on Monday said its consolidated gross loan portfolio (GLP) increased 18.4 per cent to Rs 14,587 crore in December 2021. The lender has announced its business numbers, including of its subsidiary Madura Microfinance (MMFL), for the month of December. These are provisional unaudited numbers, a release said. [...]

New Delhi, Jan 9 (PTI) Deposits in bank accounts opened under the Jan Dhan scheme, launched about seven and half years ago by the government, have crossed the Rs 1.5 lakh crore mark.As per the latest finance ministry data, the total balance in over 44.23 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at [...]

New Delhi, Jan 9 (PTI) Agri-tech firm Samunnati on Sunday announced that gross transaction value (GTV) across its financial and agri-market linkage businesses has crossed the Rs 10,000 crore mark within six years of scaled existence.Founded in 2014, Chennai-based Samunnati said out of the total GTV achieved so far, about Rs 6000 crore was lending, [...]

New Delhi, Jan 9 (PTI) German luxury carmaker Audi expects sales in India to grow in double-digit this year amid concerns over the possible impact of the fresh surge in COVID-19 cases on business, according to a senior company official.Audi India -- which has lined up a "few more products" this year, including the SUV [...]

New Delhi, Jan 7 (PTI) Tata Steel on Friday reported an over two per cent rise in consolidated steel output to 7.68 million tonnes (MT) for the October-December 2021 period. The company's consolidated steel production had stood at 7.51 MT in the corresponding period of the previous financial year 2020-21, the steel giant said in [...]

New Delhi, Jan 7 (PTI) Engineering, procurement and construction major KEC International on Friday said it has bagged new orders worth Rs 1,025 crore across its various businesses. The company's transmission and distribution business has secured orders for projects in India and the Middle East, the RPG Group firm said in a filing to the [...]

Aims to upscale AUM to Rs. 900 crore by FY22, accelerate product development and diversify investment offerings Mumbai, Maharashtra, India (NewsVoir) Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, is the first proptech company in the country to have crossed a significant threshold of 500 crores in Assets Under Management (AUM). The company [...]

New Delhi, Jan 7 (PTI) Realty firm Macrotech Developers has entered into 11 joint development agreements (JDAs) with landowners so far this fiscal year, with an estimated sales revenue potential of Rs 14,500 crore.Mumbai-based Macrotech Developers, which is one of the leading real estate developers in India, markets its properties under Lodha brand. It got [...]

New Delhi, Jan 7 (PTI) Fintech major PhonePe on Friday said it has logged an annualised total payment value (TPV) of USD 651 billion in December and reported 150 million monthly active users (MAU). The company has also crossed 350 million lifetime registered users, which essentially means that one in four Indians now use PhonePe, [...]

New Delhi, Jan 6 (PTI) Godrej Consumer Products Ltd (GCPL) on Thursday said it is expecting a low volume growth and margin dilution in December quarter due to some short-term challenges such as unprecedented inflation during the period. The Godrej group FMCG arm expects to deliver close to "high single-digit" sales growth in the domestic [...]

New Delhi, Delhi, India (NewsVoir) Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has announced that its recently launched Skyz Tower project has been 60% sold out. The affordable homes at Skyz Tower come with Danube Properties’ trend-setting 1 percent payment [...]