Page 25 - Indian Companies

Hikal's profit after tax rises 42.8% to Rs 40 crore in December quarter

Hikal on Thursday reported a 42.85 per cent rise to Rs 40 crore in consolidated profit after tax (PAT) during the quarter ended December 31, 2020.

Best of BS Opinion: Growth via ease of compliance, GameStop episode & more

Here are the top BS Opinions of the day

Growth through ease of compliance

Compliance procedures need rationalisation and integrated digital systems

Thermax net marginally down 2% at Rs 83 crore in December quarter

Thermax on Wednesday reported a marginal decline of 2 per cent in its consolidated net profit at Rs 83 crore for the December quarter, mainly due to certain exceptional items.

Adani Green Energy posts Rs 41.36 cr net profit in December quarter

Adani Green Energy on Wednesday posted a consolidated net profit of Rs 41.36 crore in the December quarter mainly on the back of higher revenues. The consolidated net loss of the firm was Rs 128.46 crore in the quarter ended on December 31, 2019, a regulatory filing said. Total income of the company for the quarter under review rose to Rs 842.91 crore from Rs 523.20 crore in the year-ago period. "Over the past year we have accelerated our commitment to the Renewable Energy Space based on the new data that has become available. I fundamentally believe that the targets of renewable power will continue to be raised given the need as well as the affordability," Adani Green Energy Chairman Gautam Adani said. Vneet S Jaain, MD & CEO, Adani Green Energy Ltd said: "AGEL has also continued its rapid capacity building despite the ongoing pandemic adding 700 MW in YTD (year to data) FY21 with commissioning of 475 MW and 225 MW added through inorganic opportunities. This has been possible ...

Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again

The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20

Annapoorna Masalas' new strategy targets revenue of Rs 500 cr in next 5 yrs

The 45-year-old Coimbatore-based brand is now headed by third-generation owners under the leadership of Executive Director Vijay Prasad

'Bold' budget to bring focus back to traditional sectors: Analysts

Brick-and-mortar segments such as construction, cement, metals get an infra-nudge; positive rub off for banks too

Budget 2021: Delhi govt accuses Centre of favouring big companies

The Delhi government accused the Centre of giving step motherly treatment to the national capital in the Union budget 2021-22, and claimed the budget is aimed at benefitting few big companies.

Budget 2021: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh

Research spends have been under pressure as listed companies go slow

Many record zero spending for the latest financial year

Reliance races past TCS to become most-valued domestic firm once again

Reliance Industries Limited (RIL) once again went past Tata Consultancy Services (TCS) to become the country's most-valued company by market valuation on Friday.

Firms garner Rs 92K cr via public equity issuance in Apr-Dec: Eco Survey

A 46 per cent jump from the preceding financial year, with rights issue remaining the most preferred route for financing business needs

A year of living and working in the shadow of Covid-19 pandemic

For many businesses, the need to have people coming into office has shrunk. For many others, however, it remains integral to their operations

IndiGo posts Rs 620-crore loss in Dec quarter, plans to ramp up capacity

Logs 4th quarterly loss; will ramp up capacity to return to profitability

IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%

Deposits grew from Rs 2.18 trillion in Dece­mber 2019 to Rs 2.24 trillion.

Companies can't hold capital assets created with CSR funds: Experts

If such capital expenditure was incurred as part of CSR in the past, the assets need to be transferred within six months.

Hindustan Zinc plans to increase earnings through diversification

The company will have its cadmium metal unit up and running by the first quarter of FY22

KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter

Auto industry-focused IT firm KPIT Technologies on Thursday reported a marginal rise in December quarter net at Rs 42.9 crore as against Rs 40.9 crore in the year-ago period.

Best of BS Opinion: Budget with a long-term view, corporate earnings & more

Here's a selection of Business Standard opinion pieces for the day