PNC Infratech today reported over three-fold jump in standalone net profit at Rs 111.52 crore during March quarter, on higher income. The company had clocked Rs 33.74 crore net profit during the same quarter a year ago.
Ramco Cements today reported its standalone net profit at Rs 108.59 crore for the fourth quarter ended March 2018. The company had posted a net profit of Rs 134.47 crore in the January-March quarter a year-ago, Ramco Cements said in a BSE filing.
On the asset quality front, gross non-performing assets as a percentage of gross advances were higher at 7.35 percent against 6.96 percent, but net NPA were lower at 3.19 against 4.08 percent on sequential basis.
EBITDA or operating profit was up 61 percent at Rs 844 crore and margin was at 18.34 percent.
The company's valuations are quite reasonable, particularly in light of growth, opportunities in the sector and strong return ratios.
EBITDA profit for the quarter stood at Rs 4.2 crore against loss of Rs 203.6 crore in year-ago quarter.
Revenue growth remained strong but operational performance was not that great.
The company, which makes writing and printing paper, had posted a net loss of Rs 243.37 crore in the same period previous fiscal.
Net profit was 17.48 billion rupees ($257.04 million) in the three months ended March 31, compared with 18.19 billion rupees a year earlier, the company said on Tuesday.
Public sector lender Andhra Bank today said it suffered Rs 2,636 crore loss for the quarter ended March 31 2018 due to higher provisioning for bad loans.
Dr Reddy's Laboratories Limited today said its consolidated net profit for the quarter ended March 31, 2018 was down by three percent to Rs 302 crore against Rs 312.5 crore in the same quarter in FY 17, primarily due to price erosion in USA and seasonal issues in the Russian market.
The total provisions during the year (of which the most would be for NPAs) increased from Rs 43,611 crore to Rs 105,150 crore — an increase of a whopping 141%, the report further stated.
L&T Technology Services today reported a 65 percent surge in its March quarter net at Rs 151.9 crore on a surge in core revenues.
Dhanuka Agritech today posted 14.65 percent jump in standalone net profit at Rs 28.64 crore for the fourth quarter of 2017-18 financial year. Net profit in the year-ago period stood at Rs 24.98 crore, the company said in a regulatory filing.
Pharma major Cipla today reported a net profit of Rs 179 crore for the quarter ended March on improved sales in the domestic market and South Africa.
GE Power India posted a 32 percent jump in its standalone net profit of Rs 51.55 crore for the quarter ended March 2018. The company's standalone net profit in the quarter ended on March 31, 2017 was Rs 39.04 crore, a BSE filing said.
Ahmedabad-based air cooler company Symphony today reported a 8.12 percent decline in standalone net profit at Rs 41.93 crore for the quarter ended March 31, 2018.
The operating profit margin expanded 100 basis points to 15.1 percent in Q4 from 14.1 percent in Q4FY17.
The firm’s revenues, however, rose 6 percent to Rs 1,17,368 crore against Rs 1,10,667 crore quarter on quarter.
The rise in provisions was mainly because the bank had to provide more for bad loans, the losses it incurred on trading, and for mark-to-market losses due to a rise in bond yields.
At an operating level, the earnings before interest, taxes, depreciation and amortisation (EBITDA) rose over 42 percent at Rs 45.8 crore against Rs 32.2 crore during the March quarter of FY17.
Net profit stood at Rs 4,476 crore, including exceptional gain, on account of fair valuation of DLF’s residual stake in DCCDL.
Mahanagar Gas Ltd, which retails CNG in Mumbai and adjoining suburbs, today reported a 5 percent rise in its March quarter net profit to Rs 104.76 crore. The company had a net profit of Rs 99.47 crore in the same period of the previous fiscal, it said in a regulatory filing.
Financial service company, Motilal Oswal today reported a 64 percent jump in consolidated net profit at Rs 148 crore for the quarter ended March 2018.
Reuters poll of analysts had estimated net profit for March quarter at Rs 182.6 crore.