Mahindra and Mahindra (M&M) reported a 60 per cent jump in its consolidated profit after tax (PAT) to Rs 3,508 crore, riding on a 19 per cent year-on-year (YoY) rise in its revenues to Rs 33,892 crore. On a quarter-on-quarter (QoQ) basis, PAT jumped 33 per cent while income from operations has grown… Continue reading M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%
Tag: revenue
Zomato tastes first ever profit at Rs 2 crore in Q1; revenue soars 71%
Food aggregator platform Zomato turned profitable for the first time ever in the first quarter (Q1) of 2023-24 (FY24). The firm reported a consolidated profit after tax of Rs. 2 crore for the quarter that ended in June 2023, compared to a loss of Rs. 186 crore in the year-ago period. Revenue from… Continue reading Zomato tastes first ever profit at Rs 2 crore in Q1; revenue soars 71%
FSU president says school would have to ‘very seriously’ consider leaving ACC without change to revenue model
College athletics appears to be headed for a major shakeup following the announcement the University of Colorado will move to the Big 12 conference after the 2023-24 season. Colorado’s decision to depart the Pac-12, along with the lack of a new TV deal, has put the Pac-12 in peril of losing additional teams. Florida State… Continue reading FSU president says school would have to ‘very seriously’ consider leaving ACC without change to revenue model
Centre expects over Rs 19K cr additional revenue from e-gaming, casinos
Despite recent concessions for the online gaming industry, the Centre projects that the introduction of a 28 per cent levy on e-gaming, casinos, and racing could generate over Rs 19,000 crore for the overall Goods and Services Tax (GST) fund in the current fiscal year. This new regulation is set to be implemented by… Continue reading Centre expects over Rs 19K cr additional revenue from e-gaming, casinos
Net profit rises 26.2% YoY, revenue up 13.5%
Varun Beverages Ltd on Thursday reported a 26.2 per cent jump in its consolidated net profit to Rs 9,938.11 crore in the quarter that ended on June 30 as compared to Rs 7,874.38 crore in the same quarter last year. As compared to Rs 4,290.72 crore in the previous quarter that ended on March… Continue reading Net profit rises 26.2% YoY, revenue up 13.5%
Cognizant Q2 profit down 19.7%, retains 2023 revenue growth guidance
Nasdaq-listed Cognizant Technology Solutions has retained its full year 2023 revenue growth guidance at $19.2 – $19.6 billion, a decline of 1 per cent to growth of 1 per cent in constant currency. The third quarter revenue is expected to be in the range of $4.89 – $4.94 billion, a decline of 0.5 per… Continue reading Cognizant Q2 profit down 19.7%, retains 2023 revenue growth guidance
Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth
Mankind Pharma | Photo: Website Delhi-headquartered Mankind Pharma reported a 66 per cent year-on-year (YoY) increase in profit after tax (PAT) for the first quarter (Q1) of 2023-24 (FY24), reaching Rs 494 crore. This surge was supported by an 18 per cent YoY rise in revenue from operations, amounting to Rs 2,579 crore. The… Continue reading Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth
Net profit at Rs 121 cr; revenue up 44%
Illustration: Ajay Mohanty The standalone net profit of Godrej Properties Limited for the first quarter of the current financial year (Q1YFY24) saw a fall of 13.64 per cent to Rs 121.34 crore, compared to Rs 140.51 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially,… Continue reading Net profit at Rs 121 cr; revenue up 44%
Net profit at Rs 19 cr; revenue up 13%
Illustration: Ajay Mohanty The standalone net profit of Orient Electric Limited for the first quarter of the current financial year (Q1YFY24) saw a rise of 3.9 per cent to Rs 19.69 crore, compared to Rs 18.95 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the… Continue reading Net profit at Rs 19 cr; revenue up 13%
Net profit at Rs 8 cr; revenue up 12%
The standalone net profit of Strides Pharma for the first quarter of the current financial year (Q1YFY24) stood to Rs 8 crore. However, in Q1FY23, the standalone net loss stood at Rs 66.25 crore. Sequentially, the net profit was down 87.1 per cent. In Q4FY23, the net profit of the company was Rs… Continue reading Net profit at Rs 8 cr; revenue up 12%