The lower sales was mainly due to the annual turnaround undertaken during the quarter and also there was no sales during the last week of March 2020 due to the Covid-19 lockdown, said the company
Company embarks on aggressive deleveraging exercise even as it has cut capex for India business this fiscal
The company had posted a consolidated net profit of Rs 680.77 crore in the quarter ended March 2019, it said in a BSE filing.
Despite the muted result and near term worries, the multinational drug major, India's second largest by market share is expected to post strong growth led by power brands and new launches
Its consolidated net profit at Rs 76.29 crore was down 37.75 per cent. It posted a net profit (PAT) of Rs 122.56 crore for the corresponding period of the previous fiscal.
The company logged a profit ofRs 142.50 crore in January-March period a year ago, Century Textiles and Industries Ltd (CTIL) said in a BSE filing.
Resumption of partial operations in a phased manner began on May 7 in accordance with the government directives
Minimises impact of pandemic through cost control measures; says witnessing good response from customers post opening up outlets
Robust order book, rising international opportunities should drive earnings
PVR's total expenses was at Rs 731.84 crore in fourth quarter of 2019-20 as against Rs 771.27 crore a year ago
Revenue from operations stood at Rs 961.20 crorefor the quarter under consideration as against Rs 906.31 crore for the same period year ago
Referring to Covid-19, the SBI chairman said that the situation continues to be uncertain and major challenges would arise from extended working capital cycle and waning cash flows
Besides asset quality improvement, management's positive commentary on loan growth and lower that expected moratorium book were key reasons behind the Street's excitement
As crude oil prices tanked globally, owing to a slowdown in industrial activity and demand, BPCL was forced to value finished goods inventory and raw materials at below cost.
It had posted Rs 230 crore PBT during the corresponding quarter last year on a consolidated basis.
While near-term prospects hinge on unlocking of economy, the stock remains a good valuation play, say analysts
Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was a slight uptick in forward bookings after the lockdown was relaxed.
The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May
Full-year pre-tax profit up 4.46% at Rs 331.52 cr
But, analysts have lowered earnings estimate due to high channel inventory