Page 6 - Corporate Earnings

Airtel Africa profit after tax zooms to $142 million in June quarter

Airtel Africa provides telecom and mobile money services and has presence in 14 countries in Africa

TVS Motor reports consolidated net loss of Rs 15 crore in first quarter

Its revenue from operations for the quarter grew 142 per cent to Rs 4,689.34 crore

Mid-cap IT companies' June quarter performance all about niche play

Unlike the top four or five IT players, when it comes to the mid-cap IT services players, every company has a different strategy and focus segments

Merck sees recovery in non-Covid vax demand, quarterly sales beat estimates

(Reuters) - Merck & Co reported quarterly revenue on Thursday that topped Wall Street estimates, as sales of its Gardasil vaccine bounced back and demand for blockbuster cancer drug Keytruda remained strong.

Jyothy Labs Q1 profit down 20% at Rs 40.20 crore on high input cost

Homegrown FMCG firm Jyothy Labs 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

Welspun Corp Q1 consolidated net profit jumps 80% to Rs 97.28 crore

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

PVR reports Q1 net loss of Rs 219.55 cr due to Covid induced lockdown

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

Back to old normal: FMCG leaders beat FY21 blues, exceed pre-Covid levels

In the second instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Arnab Dutta looks at India's top FMCG players

Samsung Electronics forecasts strong chip demand as Q2 profit jumps

The world's top maker of memory chips and smartphones posted a 54% jump in operating profit for the second quarter, its strongest result in more than two years

Century Textiles and Industries stock rises 16.6% after Q1 earnings

The firm posted a profit of Rs 25 crore in Q1 FY22 as against a loss of Rs 36 crore in Q1FY21

JM Financial June-qtr consolidated net jumps 117% to Rs 203 crore

JM Financial on Wednesday reported a consolidated net income of Rs 203.14 crore for the quarter to June, up 117 per cent over the same period in 2020, primarily on account of a low base

J K Agri Genetics Q1 results: Net profit jumps 20% at Rs 23 crore

J K Agri Genetics Ltd on Wednesday reported a 20 per cent increase in its net profit at Rs 23.04 crore for the quarter ended June

United Breweries Q1 net profit at Rs 31 cr; revenue rises over two-fold

Beer maker United Breweries Ltd on Wednesday reported a consolidated net profit of Rs 30.94 crore for the quarter ended June

Microsoft posts $46.2 billion revenue riding on Azure Cloud growth

Microsoft has posted a healthy revenue of $46.2 billion, up 21 per cent, with $16.5 billion in net income that rose 47 per cent in the June quarter

Ramco Cements Q1 net profit up 46% to Rs 172 cr on growth in sales

The Ramco Cements Ltd on Tuesday reported a 46.10 per cent increase in consolidated net profit at Rs 171.67 crore for the quarter ended June, helped by growth in sales

Tesla posts record profits, offers muddy outlook for batteries, Cybertruck

For the first time since late 2019, Tesla profits did not rely on sales of environmental credits to other automakers, a sign of increasing financial health for the manufacturing operation.

Jindal Stainless reports Rs 271-cr profit for Q1; announces expansion plan

Jindal Stainless Ltd (JSL) returned to black in the April-June quarter, posting a net profit of Rs 271.42 crore on the back of a significant rise in income

Twitter beats revenue targets with ad improvements, shares jump 7%

Shares of Twitter jumped 7% to $75 in trading after the bell.

Biocon Q1 net profit declines 35% to Rs 108.4 cr; revenue at Rs 1807.8 cr

Biotechnology major Biocon has reported a 35.39 per cent decline in its consolidated net profit at Rs 108.4 crore for the quarter ended June 30, 2021 mainly on account of its share of loss in associate startup entity Bicara Therapeutics Inc. The company had posted a net profit of Rs 167.8 crore for the corresponding period of the previous fiscal, Biocon said in a late night filing on Thursday. Consolidated revenue of the company stood at Rs 1,807.8 crore for the quarter under consideration. It was Rs 1,712.1 crore for the same period a year ago, it added. "Consolidated revenues, at Rs 1,808 crore, saw a muted growth on account of COVID-related operational challenges at Biocon's API facilities, both in Bengaluru and Hyderabad," Biocon Executive Chairperson Kiran Mazumdar-Shaw said. Q1FY22 P&L was also impacted by a share of loss in its Boston-based associate start-up entity, Bicara Therapeutics Inc, she added. "The outlook for the rest of the year is promising with several drug ...

Snap beats user, revenue estimates with highest growth in 4 years

(Reuters) -Snap Inc on Thursday beat Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapchat attracted more users.