Page 37 - Indian Companies

Q1 results: 40% of corporate loans may require restructuring by banks

Firms that either reported operating losses or poor interest coverage ratio account for Rs 10.7 trn of debt

Tata Starbucks bullish on India despite hiccups: CEO Navin Gurnaney

The company's expansion plans for the country remain intact

Whirlpool profit before tax drops 92% to Rs 24.4 crore in June quarter

Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.

Insolvency and Bankruptcy Board amends liquidation process regulations

IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which provides for market-linked and time-bound resolution of stressed assets

Adani Enterprises reports consolidated loss of Rs 65.67 cr in Q1

The Gautam Adani-led company had clocked a consolidated profit of Rs 570.14 crore in the corresponding quarter a year ago, the company said in a BSE filing

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

Nifty50 valuation hits all-time high as investors bid up share prices

Index is trading at 30.4 times its trailing 12-month earnings per share, highest since it began reporting its ratios in 1999

SC seeks govt's response on pleas against notification on company secretary

A plea has sought to form a high powered committee to look into the lapses which led to the closure of more than six lakh companies across the country

Lessons from Covid-19: Work-life balance is more nuanced now, says Daruwala

The good thing is that it's making one more versatile and adaptable

India Inc can move Sebi over grievances against proxy advisors

Experts said move is expected to improve accountability at proxy advisory firms who have gained clout in influencing how minority shareholders vote on resolutions

Why this is an opportune time to reflect on corporate disability inclusion

By providing economic opportunities to PWDs when they need them the most, companies can make a huge contribution towards integrating this historically underrepresented community in the workforce

BSE Q1 net profit drops 21.4% to Rs 32.48 cr; income falls to Rs 162.11 cr

The exchange had posted a net profit of Rs 41.32 crore in the year-ago period, BSE said in a regulatory filing on the NSE

Uncertainty continues due to lockdown in various places: Kirloskar Electric

The company said the lockdown affected its sales to the extent of Rs 18 crore in March

Ferns N Petals to expand operations into Qatar, Saudi Arabia and Indonesia

Presently, Ferns N Petals, a 27-year-old company, has presence in foreign markets like the UAE and Singapore

Birla Tyres to RCom, low-denomination stocks hit top gear on Dalal Street

Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them

Robust performance of domestic biz to help Torrent Pharma outperform peers

Chronic-heavy portfolio, pharma market recovery boost shares

Godrej Agrovet's Q1 consolidated net profit rises 29.65% to Rs 100.6 cr

The company had posted a net profit of Rs 77.58 crore in the year-ago period, according to the regulatory filing

Dr Lal PathLabs June quarter net profit declines 52% to Rs 28.4 crore

Diagnostic services provider Dr Lal PathLabs on Friday reported a 51.94 per cent decline in its consolidated net profit at Rs 28.4 crore for the quarter ended June 30, 2020.

NIIT Ltd posts consolidated net profit at Rs 29 crore in June quarter

NIIT Ltd on Friday said its consolidated net profit stood at Rs 29 crore in June 2020 quarter. The skills and talent development firm had posted a loss of Rs 1.5 crore in the year-ago period on a like-to-like basis (excluding the impact of a one-time capital gain on divestment in the first quarter of FY2019-20). NIIT Ltd had divested its shareholding in NIIT Technologies last year. The revenue remained flat at Rs 201.8 crore in the April-June 2020 quarter from the year-ago period. On a sequential basis, net profit registered a manifold growth (from Rs 0.6 crore in March 2020 quarter), and 4 per cent decline in revenue from Rs 211.2 crore in the March 2020 quarter. "I think NIIT kept its head above the water given the challenging circumstance that we were put in because of COVID-19. NIIT continued to work with all its customers and several customers, whose contracts came up for renewal during this past quarter, were renewed," NIIT CEO Sapnesh Lalla said. He added that the company

Zydus Wellness June quarter net profit increases 11% at Rs 89 crore

Zydus group firm Zydus Wellness on Friday reported a 10.94 per cent rise in consolidated net profit at Rs 89.20 crore for the quarter ended June 30, 2020. The company had posted a net profit of Rs 80.40 crore for the corresponding period of the previous year,Zydus Wellness said in a filing to BSE. Consolidated revenue from operations of the company stood at Rs 537.37 crore for the quarter under consideration, as against Rs 620.25 crore in the year-ago period, it added. The past quarter was an "unprecedented one" due to the COVID-19 pandemic impacting the company's operations in the early part of the quarter, Zydus Wellness said. "However, with the logistical challenges being resolved and approvals for re-starting manufacturing plants and operating C&FA warehouses coming in, the company was able to recover from the early setbacks,"it added. Coping with the pandemic, the company continues to be agile in its responses and execution of its plans,Zydus Wellness said. Shares of Zydus .