The Mumbai-based jeweller’s total revenue slid marginally this quarter by 1.6% to 5.71 billion rupees. Revenue had last slid 3.3% in the quarter ended Dec 31, 2020. BENGALURU (Reuters) – Indian jeweller Tribhovandas Bhimji Zaveri reported a nearly five-fold jump in first-quarter profit on Tuesday, as higher margins from premium pricing and lower expenses… Continue reading Tribhovandas Bhimji Zaveri reports five-fold jump in profit in June quarter
Tag: profit
Shriram General Insurance reports 37% rise in net profit in June quarter
The company’s solvency at the end of June 2023 was 4.83 from 4.48 a year ago. It has settled 39,076 claims in Q1 FY24 compared to 33,811 in the year-ago period. Shriram General Insurance Company posted a 37 percent growth in net profit at Rs 98 crore during the first quarter of FY 24.… Continue reading Shriram General Insurance reports 37% rise in net profit in June quarter
Toyota Motor’s quarterly profit tops estimates, shares hit all-time high
Toyota Motor ’s quarterly profit exceeded estimates as improvements in supply of semiconductors and a weak yen helped it capitalise on a global rebound in demand for vehicles. The stock closed at a record high. Operating profit for the three months through June was a record ¥1.1 trillion ($7.7 billion), the world’s No.… Continue reading Toyota Motor’s quarterly profit tops estimates, shares hit all-time high
BP logs 70% dip in second-quarter net profit, raises dividend by 10%
BP’s second-quarter profit slumped 70 per cent from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10 per cent. Rivals Chevron, Exxon Mobil, Shell and TotalEnergies have also reported sharp drops in quarterly earnings,… Continue reading BP logs 70% dip in second-quarter net profit, raises dividend by 10%
Uber forecasts quarterly operating profit above estimates on ride demand
Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company’s shares rose over 4% in trading before the bell. The stock has doubled so far this… Continue reading Uber forecasts quarterly operating profit above estimates on ride demand
Net profit jumps 258% YoY to Rs 89 cr
Illustration: Ajay Mohanty The standalone net profit of Welspun Enterprises for the first quarter of the current financial year (Q1YFY24) saw a rise of 258.8 per cent to Rs 89.64 crore, compared to Rs 24.98 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the… Continue reading Net profit jumps 258% YoY to Rs 89 cr
Nifty Financial Services may see correction; PSB index eyes profit booking
The Nifty Financial Services index (current market price: 20342.05) has recently shown signs of near-term range-bound movement on charts. Investors are closely monitoring the index’s behavior within the range of 20415 to 20180, as a trade above or below this range could trigger significant directional movements. The primary support levels to watch are set at… Continue reading Nifty Financial Services may see correction; PSB index eyes profit booking
Consolidated net profit falls 45% to Rs 1,792 crore
State-run gas supplier GAIL on Monday reported a 45 per cent decline in consolidated net profit at Rs. 1,792 crore in the first quarter (April-June) of 2023-24 (FY24) against Rs. 3,250 crore in the year-ago period. Sequentially, its net profit rose 179 per cent, up from Rs. 604 crore. This was mainly on… Continue reading Consolidated net profit falls 45% to Rs 1,792 crore
Best Agrolife consolidated net profit jumps to Rs 90.5 cr in June quarter
Agro chemical firm Best Agrolife Ltd on Monday reported an over two-fold jump in its consolidated net profit at Rs 90.5 crore for the June quarter of the current fiscal. Its net profit stood at Rs 40.12 crore in the year-ago period. Total income rose to Rs 616.75 crore in the April-June… Continue reading Best Agrolife consolidated net profit jumps to Rs 90.5 cr in June quarter
Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand
Power Grid Corporation of India Ltd (Powergrid) on Monday posted over a 5 per cent decline in consolidated net profit to Rs 3,597.16 crore due to increased finance costs. It had reported a net profit of Rs 3,801.29 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a… Continue reading Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand