Indian Oil Corporation (IOC) on Friday posted around 13 times growth in consolidated net profit at Rs 6,025.81 crore for the quarter ended September 30. It had reported a profit of Rs 468.04 crore in the corresponding quarter last year. A drop of 18.78 per cent YoY in total expenditure aided the bottomline of the … Read more
NEW DELHI: EPC major Larsen & Toubro on Wednesday said its consolidated net profit fell 44.73 per cent year-on-year (YoY) to Rs 1,410.29 crore for the September quarter compared with Rs 2,551.67 crore in the same quarter last year. Analysts in an ET NOW poll has projected a net profit of Rs 1,344 crore for … Read more
Mumbai: Biscuit maker Britannia Industries reported a consolidated net profit of Rs 495.20 crore for the quarter ended September, up 23 per cent from a year ago. The company had reported a net profit of Rs 405.37 crore in the same quarter a year ago. An ET Now poll had projected the company to report … Read more
With an objective to unlock potential value, Jindal Steel and Power (JSPL) may announce the demerger of power business into a separately listed company next week, ET NOW reported. “Management believes de-merging steel and power businesses will unlock value,” sources told ET NOW. Market analysts believe power business valuation may see an upside. “Analysts estimates … Read more
NEW DELHI: Shares of GAIL rose nearly 2 per cent in Thursday’s trade ahead of the company’s June quarter results scheduled for later in the day. The company is expected to report up to 60 per cent fall in consolidated net profit on 30-35 per cent decline in sales. Updates on the execution of new … Read more
NEW DELHI: Drug firm Aurobindo Pharma on Wednesday reported a 22.81 per cent rise in its consolidated net profit to Rs 780.68 crore for the quarter ended on June 30, 2020, mainly on account of robust sales in the US market. The company had posted a net profit of Rs 635.68 crore for the corresponding … Read more