Technical textiles manufacturer Garware-Wall Ropes (GWRL) today posted 6.9 percent growth in profit after tax at Rs 28.2 crore for the quarter ended September 30, compared to the same period last year.
The group had a net loss of Rs 368.75 crore in the year- ago period, it said in a regulatory filing. The company's total income fell sharply to Rs 1,642.11 crore in the June quarter this year, from Rs 2,888.94 crore in the same period a year ago.
Net profit stood at Rs 28.08 crore in the same period last year.
EBITDA (earnings before interest, tax, depreciation and amortisation) surged 39.8 percent year-on-year to Rs 14.8 crore and margin expanded sharply by 390 basis points to 17.8 percent for quarter ended September 2017.
The state-owned company that listed on the exchanges two days ago posted net profit of Rs 748.27 crore for Q2 FY18 compared to Rs 260.24 crore posted in same quarter last fiscal.
Chinese internet giant Tencent Holdings Ltd posted a 69 percent jump in its quarterly net profit, blowing past estimates, underpinned by a strong growth in revenue from its smartphone games and payment-related services.
Profit for the quarter more than doubled to Rs 20.4 crore in Q2, against Rs 9.7 crore in year-ago, driven by revenue as well as operational growth.
Its total revenue declined to Rs 206 crore as against over Rs 331.22 crore a year ago, GMR Infrastructure said in a BSE filing today.
During the September quarter, total income of Bhushan Steel rose 43 per cent to Rs 4,325.60 crore from Rs 3,025.79 crore during the same period a year ago, the company said in a BSE filing.
The company had reported a net profit of Rs 84.02 crore for the same period of previous fiscal.
The company's total income fell to Rs 826.4 crore in the second quarter of this fiscal compared with Rs 911.9 crore in the corresponding period of the previous year.
The company had posted a net profit of Rs 36.93 crore during the same period previous fiscal.
The company is currently under the moratorium period of corporate insolvency resolution process under insolvency and bankruptcy code (IBC) 2016, it said.
Religare Enterprises on Tuesday reported its standalone net loss of Rs 30.50 crore for the second quarter ended September 30.
The net profit stood at Rs 7.8 crore in the year-ago period, the e-commerce firm said in a statement.
Electronics manufacturer Dixon Technologies on Tuesday said its consolidated net profit increased 33 percent to Rs 20.7 crore for the September quarter.
Ansal Properties and Infrastructure Ltd on Tuesday reported widening of consolidated net loss at Rs 47 crore for the quarter ended September.
Debt-ridden Jaypee group's flagship firm Jaiprakash Associates on Tuesday reported a standalone net loss of Rs 186.48 crore for the quarter ended September on a lower income.
The company had posted a loss of Rs 768.32 crore in the same period a year ago.
State-owned IFCI's net profit stood at Rs 14.86 crore in the corresponding quarter previous fiscal.
The company's profit from continuing operations stood at Rs 6.96 crore during the same quarter a year ago.
Following its peers, the second largest telco Vodafone India today reported a steep 39.2 percent plunge in pre-tax profit at Rs 4,075 crore for the six months to September as its revenue fell 15.8 percent to Rs 19,002 crore due to the fierce completion since the entry of Reliance Jio.
The company's profit from continuing operations stood at Rs 122.64 crore during the same quarter a year ago.
The Maharashtra-based company had reported a net profit of Rs 8.93 crore in the year-ago period.
Revenue was up 4.5 percent at Rs 12409.7 crore against Rs 11877.7 crore.