However, the company's earnings showed strong traction in 2020-21 due to a surge in demand for bulk drugs caused by the pandemic
Cloud gaming platform OnMobile Global clocked 28 per cent growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 15 crore in the January to March quarter as compared to Rs 12 crore in the same period of previous fiscal.Cost rationalisation efforts and optimum marketing investments helped the company reduce manpower cost and marketing cost which resulted in the growth.Operating profits grew by 47 per cent to Rs 13 crore in Q4 FY21 but profit after tax cracked 16 per cent to Rs 15 crore.Revenues witnessed a drop of 9.7 per cent to Rs 137 crore from Rs 152 crore in Q4 FY20 -- mainly due to low collections from Europe and Middle East & Africa.As on March 31, the company said it had total assets worth Rs 899 crore as compared to Rs 881 crore in previous year.OnMobile provides end-to-end mobile entertainment solutions that include platform, apps, content partnerships and professional services to carriers across the globe.
Revenues beat estimates, company chalks out a Rs 17K crore plan to aid growth
May visit market to raise equity capital
Max Healthcare on Friday reported 31.11 per cent rise in consolidated profit after tax (PAT) at Rs 69.69 crore for the quarter ended March 31, 2021. The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, Max Healthcare Institute said in a filing to BSE. Revenue from operations stood at Rs 801.86 crore for the quarter under review. It was Rs 247.86 crore in the same period a year ago, it added. For the fiscal year ended March this year, the company posted a loss of Rs 137.55 crore as against a PAT of Rs 58.99 crore in 2019-20, the filing said. Revenue from operations stood at Rs 2,504.67 crore in the last fiscal year. It was Rs 1,059.03 crore in 2019-20, it added. Net debt during the quarter reduced by Rs 1,323 crore to Rs 544 crore on account of net proceeds of QIP and cash flow from operations, Max Healthcare said. "With ample room to scale up existing occupancies and improved international revenue share post abatement of the se
Private sector City Union Bank on Friday reported a net profit of Rs 111.18 crore in the last quarter ended March 2021. There was a net loss of Rs 95.30 crore in the same quarter of 2019-20. Total income during Q4 FY21 was down at Rs 1,121.43 crore as against Rs 1,220.98 crore in the same quarter a year ago, City Union Bank said in a regulatory filing. On a full-year basis, there was a rise of 24.45 per cent in its net profit during 2020-21 at Rs 592.82 crore as against Rs 476.32 crore in FY'20. Income during the year 2020-21, however, fell a tad at Rs 4,839.45 crore from Rs 4,848.55 crore in the preceding fiscal. Provisions for bad loans and contingencies for the reported quarter were down at Rs 173.52 crore from Rs 430.38 crore put aside for the year-ago period. For the full year, provisions were up at Rs 891.02 crore as against Rs 865.08 crore. Gross non-performing assets of the bank stood at 5.11 per cent of gross advances by the end of March 2021, equivalent to Rs 1,893 ...
Non-Banking Finance Company Sundaram Finance Ltd has reported a 59.5 per cent jump on its fourth quarter Profit After Tax at Rs 209 crore.
Apart from the chip shortage triggered by factors including pandemic-driven supply-chain disruptions, the Indian auto industry is under pressure from a severe second wave of Covid-19 infections
Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period
Shares of Ipca Laboratories were trading at Rs 2,132.30 per scrip on BSE, down 3.06 per cent from the previous close.
Integrated travel services company Thomas Cook India limited its loss at a consolidated level to Rs 68 crore in Q4 FY21, compared with Rs 89 crore in the previous quarter
According to the monthly sales update provided by the company, Mahindra & Mahindra sold a total of 202,223 units in Q4FY21, up 33.3 per cent from the 151,713 units sold in the year-ago quarter
Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales
Company to launch generic products to aid Covid-19 treatment in India, first being Liposomal Amphotericin B to treat black fungus
During Q4FY21, firm launched Virafin to treat moderate infections in adult Covid-19 patients. Its ZyCoV-D plasmid DNA vaccine is at an advanced stage of Phase-3 trials
Low base supported overall performance; consolidated sales from operations came in at Rs 8,431 crore, up 4.4% YoY
Infrastructure investment trust IndiGrid on Thursday reported a 31 per cent drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions.
Apparel manufacturer Page Industries Ltd (PIL) on Thursday reported nearly four-fold jump in its net profit at Rs 115.56 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 31.02 crore during the January-March period a year ago, PIL said in a BSE filing. Revenue from operations rose 62.72 per cent to Rs 880.76 crore during the quarter under review as against Rs 541.28 crore in the corresponding period of the previous fiscal. Commenting on the results, PIL Managing Director Sunder Genomal said the company has witnessed a "strong demand pick-up" across all its product categories. "Although the year started on a challenging note, we were quick to implement our business continuity plans resulting in one of the best quarter performances for the company in its history," he said. PIL's total expenses were at Rs 733.69 crore in Q4 FY 2020-21, up 44.4 per cent from Rs 508.10 crore in the year-ago period. However, for the fiscal year, which ended on Mar
The company's board recommended a final dividend of Rs 17 per share for the financial year 2020-21
Tyre maker Goodyear India on Thursday reported over threefold jump in its profit after tax (PAT) to Rs 43.22 crore for the March 2021 quarter.