Illustration: Ajay Mohanty Chennai-based India Cements has recorded a net loss of Rs 74 crore for the first quarter of FY24, following a decrease in sales and revenue. The company registered a net profit of Rs 84 crore during the same quarter in FY23. Its revenue from operations for the quarter under review… Continue reading India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
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Gland Pharma posts 41% jump in quarterly revenue on Cenexi acquisition
HYDERABAD (Reuters) – Indian generic injectables maker Gland Pharma Ltd reported a 41% jump in first-quarter revenue on Monday, aided by its acquisition of French pharmaceutical group Cenexi. The Hyderabad-based company, which draws the bulk of its revenue from the United States, Europe, Canada, Australia and New Zealand, said revenue jumped to 12.09… Continue reading Gland Pharma posts 41% jump in quarterly revenue on Cenexi acquisition
Bayer Cropscience posts profit rise in Q1 on corn business strength
Illustration: Ajay Mohanty Bayer Cropscience, the Indian unit of German drug and pesticide maker Bayer AG, on Monday reported an 8.6% rise in quarterly profit, boosted by strong sales in its corn seeds business. Profit rose to 3.29 billion rupees ($39.77 million) for the quarter ended June 30, from 3.03 billion rupees a… Continue reading Bayer Cropscience posts profit rise in Q1 on corn business strength
India Cements posts wider Q1 adjusted loss as raw material costs weigh
(Reuters) – India Cements reported a wider adjusted loss in the first quarter on Monday, hurt by irregular monsoon and high raw material costs. The company reported a loss before exceptional items and tax at 989.1 million rupees ($11.96 million), from 720.1 million rupees loss a year ago. Revenue from operations fell… Continue reading India Cements posts wider Q1 adjusted loss as raw material costs weigh
Burger King’s India operator posts wider Q1 loss on back of higher costs
Total expenses increased over 21 per cent to Rs 672 crore, with cost of materials consumed climbing 26 per cent due to rising costs of ingredients including cheese and vegetables Restaurant Brands Asia on Monday reported a steeper first-quarter loss, as Burger King’s India operator incurred higher raw material expenses while also spending heavily… Continue reading Burger King’s India operator posts wider Q1 loss on back of higher costs
Amazon crosses Wall Street’s estimates, posts $134 bn revenue in Q2
Amazon.com Inc on Thursday reported sales growth and profit ahead of Wall Street’s expectations, as the company delivered goods faster and cheaper to shoppers and as recent cloud-computing headwinds began to subside. Shares of Amazon rose about 11 per cent in early trade. Facing an array of challenges, Amazon has aimed to… Continue reading Amazon crosses Wall Street’s estimates, posts $134 bn revenue in Q2
IndiGo posts highest ever quarterly net profit at Rs 3,090.6 cr in Q1
IndiGo on Wednesday posted its highest ever quarterly consolidated net profit at Rs 3,090.6 crore for the first quarter of 2023-24 (FY24), on the back of high load factors, lower fuel costs, and better foreign exchange rates. In Q1 of last financial year, India’s largest airline incurred a consolidated net loss of Rs… Continue reading IndiGo posts highest ever quarterly net profit at Rs 3,090.6 cr in Q1
114,000 posts vacant in central police organisations: Govt in Rajya Sabha
As many as 1,14,245 posts are lying vacant in central police organisations such as the CRPF, the BSF and the Delhi Police, Union Minister Ajay Kumar Mishra said in Rajya Sabha on Wednesday. Mishra said in 2023, advertisements for about 31,879 posts have been published, and out of these, 1,126 posts have been… Continue reading 114,000 posts vacant in central police organisations: Govt in Rajya Sabha
Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income
Adani Wilmar sells edible oils and other food items under Fortune Brand. Edible oil major Adani Wilmar on Wednesday reported a net loss of Rs 79 crore in the June quarter due to lower income amid fall in prices of cooking oils. The company had posted a net profit of Rs 194 crore… Continue reading Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income
Reliance Capital posts consolidated net profit of Rs 444 crore in Q1
Its total expenses rose to Rs 5,560 crore, from Rs 4,068 crore in the first quarter of the previous year. Debt-ridden Reliance Capital on Sunday reported coming back in black in the April-June quarter of 2023-24 with a consolidated net profit of Rs 444 crore for the period driven by the good performance of… Continue reading Reliance Capital posts consolidated net profit of Rs 444 crore in Q1