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Grasim Q1 profit down 12 percent to Rs 2,267.74 cr, revenue up 9 percent to Rs 33,860.75 cr

Grasim Q1 profit down 12 percent to Rs 2,267.74 cr, revenue up 9 percent to Rs 33,860.75 cr

Fri, Aug 09, 2024

Grasim Industries Ltd, flagship of the Aditya Birla Group, reported a 12% drop in consolidated net profit to ₹2,267.74 crore for Q1 FY24, despite a 9% increase in revenue to ₹33,860.75 crore. The decline was attributed to higher depreciation and interest charges related to new growth initiatives. The company saw strong performance in its Cellulosic Staple Fibre and Building Materials segments, while its Paints business and B2B e-commerce venture contributed to overall revenue growth. Total income rose 8.92% to ₹34,160.77 crore.

APM Terminals Pipavav reports 62% jump in Q1 profit to Rs 109.67 crore

APM Terminals Pipavav reports 62% jump in Q1 profit to Rs 109.67 crore

Wed, Aug 07, 2024

APM Terminals Pipavav on Wednesday reported a 62 per cent growth in the consolidated net profit to Rs 109.67 crore in the June quarter over the corresponding quarter last fiscal, the company said.

Tata Motors: Target to achieve 25% market share

Tata Motors: Target to achieve 25% market share

Tue, Jun 11, 2024

Tata Motors: Target to achieve 25% market share. JLR to become debt free in FY25, targets margin growth of more than 2% in PV segment. Guidance of 10% EBITDA of PV, EV operations by FY30. Can achieve break-even EBITDA by FY26. Target of double digit growth in CV, PV

TRENDING NOW

These 3 stocks to watch out for

These 3 stocks to watch out for

Tue, Jan 23, 2018

The Indian market has touched a historic high and the valuation of the stocks are at their peaks. Edelweiss has long-term buy calls for these stocks: Monte Carlo Fashions Ltd

6 paise for IUC is threatening to wipe off Rs 2250 crore from telcos earnings in the next 90 days

6 paise for IUC is threatening to wipe off Rs 2250 crore from telcos earnings in the next 90 days

Sat, Sep 23, 2017

Cut in interconnect usage charges has caused quite an uproar in the telecom industry. Here is how the incumbent operators will be impacted in Q3 FY18.

Will cut in interconnect usage charges lead to more free voice calling?

Will cut in interconnect usage charges lead to more free voice calling?

Wed, Sep 20, 2017

Interconnect Usage Charges (IUC) are inter-operator payments made by telecom operators. A cut in its rates by 50% will result in short term distress for incumbents while Jio’s free calling might just pay off.

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Tata Steel's leverage is likely to remain high in coming quarters: Moody's

Thu, Feb 09, 2017

Moody's has projected Tata Steel's leverage to remain high in the coming quarters of 2017.

India Inc's fourth quarter revenue growth to remain under pressure

India Inc's fourth quarter revenue growth to remain under pressure

Tue, Jan 10, 2017

Prasad Koparkar, Senior Director, CRISIL Research: “Despite a favourable monsoon and lower borrowing costs, we expect key consumption-driven sectors such as automobiles, telecom services and FMCG to record the slowest growth in two years."

United Breweries' net profit declines by 48% to Rs 27 crore

United Breweries' net profit declines by 48% to Rs 27 crore

Sat, Nov 05, 2016

This Q2, UB Group's volumes were down by nearly 5%, while that of UBL volumes remained flat. Overall in half year, UBL volumes rose by just 3% as against an industry that remained flat, displaying in a marginal gain in market share.

Shines in Q1FY17: DLF's net profit rose two-times higher to Rs 261 crore

Shines in Q1FY17: DLF's net profit rose two-times higher to Rs 261 crore

Mon, Aug 29, 2016

The real estate-giants consolidated net profit clocked over two-folds jump to Rs 261.42 in Q1FY17 against Rs 125.87 crore in the corresponding period of the previous year.

Dr. Reddy’s net profit declines by 76% to Rs 153 crore

Dr. Reddy’s net profit declines by 76% to Rs 153 crore

Tue, Jul 26, 2016

The pharma company reported consolidated net profit of Rs 153.5 crore in Q1FY17, registering a massive 76.28% yoy(year-on-year) decline. However, the current profit grew by 25.20% compared to preceding quarter.

Reliance refining biz records highest earnings on strong product demand, margins

Reliance refining biz records highest earnings on strong product demand, margins

Sun, Jul 17, 2016

Reliance Industries made a whopping Rs 6,593 crore from refining in the April-June period, higher than the Rs 5,235 crore it made from the business last year, a 25.9% increase.

India Inc's first quarter revenue growth seen at 2-year high

India Inc's first quarter revenue growth seen at 2-year high

Fri, Jul 08, 2016

Three domestic scenarios - an above-average monsoon, a gradual revival in investment sentiment, and better job creation are likely to boost revenue growth to reach a two-year high in June quarter of current fiscal, said a CRISIL report.

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