Page 5 - Corporate Earnings

Whirlpool of India Q1 net profit rises 61.9% to Rs 25.51 crore

Consumer durable maker Whirlpool of India on Tuesday reported a 61.96 per cent increase in consolidated net profit to Rs 25.51 crore for the first quarter ended June 30. The company had posted a net profit of Rs 15.75 crore during the April-June quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations rose 30.53 per cent to Rs 1,340.61 crore during the quarter under review, as against Rs 1,027.05 crore a year ago. Whirlpool of India's total expenses surged 30.09 per cent to Rs 1,321.92 crore in Q1 FY22 compared to Rs 1,016.12 crore in the year-ago period. Shares of Whirlpool of India Ltd closed at Rs 2,101.85 per unit, down 1.87 per cent from the previous close.

MRF posts over 12-fold increase in net profit at Rs 166 crore in Q1

Tyre major MRF on Monday posted over 12-fold increase in its consolidated net profit at Rs 166 crore for the first quarter ended June 30. The company had reported a net profit of Rs 13 crore in the April-June quarter of last fiscal. Revenue from operations rose to Rs 4,184 crore for the first quarter as against Rs 2,461 crore in the Q1 of 2020-21, MRF said in a regulatory filing. MRF shares were trading 3.16 per cent up at Rs 82,020.25 apiece on BSE.

Earnings, macro data, global trends to dictate markets this week: Analysts

Markets this week would be guided by the ongoing quarterly earnings, macroeconomic data announcements and global trends, analysts said. The government will release industrial production data for June and inflation data for July this week. The RBI has revised its retail inflation forecast to 5.7 per cent, up from the earlier 5.1 per cent due to price pressure on account of supply constraints and high crude oil prices. With the ebbing of the second COVID wave, the RBI has retained its GDP growth forecast for the current fiscal year ending in March 2022 at 9.5 per cent. Nirali Shah, Head of equity research, Samco Securities said, "This week, all eyes will be on key economic data and ongoing results of companies. Although market sentiment is expected to remain buoyant, specifics on important economic indicators ranging from industrial numbers to inflation rate and manufacturing production will keep markets on their feet." MRF, Amtek Auto, Jindal Steel & Power Limited, Lupin, Eicher .

Hindalco hits records in June quarter on rising commodity prices

Metals cycle is expec­ted to stay strong and aid the company, but prices may top out this fiscal

Berger Paints India net profit jumps 9-fold to Rs 140 crore in June quarter

Berger Paints India on Friday reported multi-fold jump in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30

BSE posts 61% growth in Q1 consolidated net profit at Rs 53.42 crore

Leading stock exchange BSE on Friday reported a consolidated net profit of Rs 53.42 crore for the first quarter ending June

SAIL posts Rs 3,897-crore net profit for June quarter

Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter

Tata Chemicals shares zoom nearly 10%; hit 52-week high after Q1 earnings

Shares of Tata Chemicals on Friday jumped nearly 10 per cent after the company reported a multi-fold jump in consolidated net profit for the June quarter. The stock gained 9.70 per cent to its 52-week high of Rs 844 on BSE. On NSE, it jumped 9.71 per cent to its 52-week high of Rs 844. Tata Chemicals on Thursday reported a multi-fold jump in consolidated net profit at Rs 342.33 crore for the June quarter, helped by a rebound in soda ash volumes in the US and India. The company's consolidated net profit stood at Rs 74.15 crore during the corresponding quarter of 2020-21, Tata Chemicals said in a BSE filing. Income from operations grew by 27 per cent to Rs 2,977 crore from Rs 2,348 crore in the year-ago period. This was mainly due to rebound in soda ash volumes in the US and India, the company added.

Square Yards Q1 gross profit up 14% to Rs 32cr; revenue up 50% to Rs 101cr

Real estate consultant Square Yards on Thursday said its gross profit rose 14 per cent to Rs 32.2 crore, while revenue was up 50 per cent to Rs 100.8 crore for the quarter ended June. Square Yards, which is into property brokerage and mortgage businesses, has presence in India as well as overseas. In a statement, the company said the Gross Transaction Value (GTV) rose 79 per cent to Rs 2,196.9 crore in the first quarter of this fiscal from Rs 1,228.7 crore in the previous year. Tanuj Shori, Founder and Chief Executive Officer, Square Yards said, We had a phenomenal start to the year, with very strong growth metrics along with a solid profitability profile." "We will continue to make investments in ramping up our distribution capacity and building blocks of new business segments like home interiors, rentals & SaaS," he added. Last month, Square Yards raised USD 25 million (about Rs 185 crore) as debt from Hong Kong-based ADM Capital to expand its business. Anil Ambani-led Reliance

Sonata Software rallies 9%, hits new high post June quarter results

The management said it see the demand situation as being extremely satisfactory with growth in existing accounts and new deal pipeline

Ant Group's profit falls 37% to $2.1 billion after regulatory setbacks

Billionaire Jack Ma's fintech giant contributed nearly 4.5 billion yuan ($696 million) to Alibaba Group Holding Ltd.'s earnings, a company filing showed Tuesday

StanChart H1 pretax profit leaps 57%, announces $250 million buyback

Standard Chartered PLC posted a 57% jump in its first-half pretax profit, higher than expected, as the bank benefited from an economic recovery from the coronavirus pandemic

Britannia consolidated net profit drops 29% to Rs 387 crore in Q1

Home-grown food company Britannia Industries on Friday reported a 29 per cent decline in consolidated net profit at Rs 387 crore for the quarter ended June 30

'Earnings upgrade cycle seen over the last two-three quarters may end'

A severe third wave of the Covid pandemic, he says, is not priced into investor expectations at this time

P&G forecasts higher annual earnings despite $2 billion input costs

(Reuters) -Procter & Gamble Co expects higher core earnings this year despite warning of a nearly $2 billion hit from rising commodity and transportation expenses, relying on price increases and cost cuts to cushion the hit to its margins.

Q1 results: Sun Pharma in the black, posts Rs 1,444-crore profit

Revenue from operations in the first quarter rose 29 per cent year-on-year and 14 per cent on a sequential basis to Rs 9,669 crore

JK Paper Q1 profit jumps manifold to Rs 104 cr on back of higher sales

JK Paper on Friday reported a multi-fold jump in consolidated net profit at Rs 104.22 crore for the first quarter ended June 30 on the back of higher sales and better realisation.

NIIT's net profit jumps 78% to Rs 51.4 cr in June quarter; revenue up 49%

NIIT Ltd on Friday said it has logged 78 per cent year-on-year jump its net profit to Rs 51.4 crore for the June 2021 quarter

Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%

Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today

Oberoi Realty Q1 consolidated net profit more than doubles to Rs 81 crore

Oberoi Realty Ltd on Thursday reported an over two-fold jump in consolidated net profit at Rs 80.81 crore for the quarter ended June 2021