Operating revenue for the quarter ended June 30, 2020, was Rs 336.6 crore, down 5.1 per cent YoY.
Its net profit had stood at Rs 60.66 crore in the corresponding period a year ago, according to a BSE filing
The company reported a 26 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 758 crore.
This flood in global liquidity allows us the luxury to look beyond the immediate future i.e. FY21 and focus beyond i.e. FY22.
For the April-June quarter, Titan Company posted a pre-tax loss of Rs 335 crore.
The company reported an 8.4 per cent year-on-year (YoY) drop in its revenue at Rs 2,207 crore.
Net profit or profit after tax (PAT), was up 1.1 per cent to Rs 39.58 crore.
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Besides, investors will keep tracking latest developments and trends on the Covid-19 pandemic front, like data on infection cases and fatality rates as well as update on vaccine trials
Monte Carlo said the Covid-19 pandemic followed by the nation-wide lockdown impacted the dispatches leading to revenue loss
Revenue from operations, however, stood at Rs 3,007.05 crore, down 19.5 per cent against Rs 3,736.13 crore in the June 2019 quarter.
Profit before exceptional items and tax came in at Rs 313.8 crore, up 54 per cent YoY.
The company's revenue for the quarter under review came in at Rs 915 crore, up 17.7 per cent YoY.
For the quarter under review, revenue from operations was up 13.44 per cent to Rs 2,713.91 crore.
The company posted a 43 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 146 crore.
While operational gains will continue, firm may not turn profitable this year
Tata Motors reported a consolidated net loss of Rs 8,438 crore against Rs 3,698 crore in the corresponding quarter of last year.
At the start of the week, the market will also take cues from July auto sales numbers which signal a recovery in the sector hit hard by Covid-19
A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21
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