Profits

The profit figure is one of the highest for tech startups, mostly attributed to the growing interest in F&O trading

The tax twists that emerge on disgorgement of illegitimate profits

When SEBI punishes wrongdoers by asking them to disgorge illegal gains, it raises an important issue of treatment of income tax on these gains as well 

Flights in China to increase 34% above pre-pandemic levels

China's top airlines reported their first quarterly profits in more than three years on Friday, fanning industry hopes for China's big three state carriers to finally step out of the difficulties brought by the COVID-19 pandemic.

Meta Earnings: Most profitable Q3, Revenue rises by 23% | Company to prioritise A.I. projects

Meta Platforms beat expectations for third-quarter profit and revenue. The three months to September rose 23 percent to over $34 billion, half a billion more than what analysts expected. CEO Mark Zuckerberg promised 2023 would be Meta’s ‘year of efficiency’ and it appears to be paying off

Bollywood, cricket hold promise for media stocks after rally boosts valuations

Media-related stocks have been all the rage in India, thanks to a mega merger involving a unit of Japan’s Sony Group Corp., and the return of Bollywood blockbusters. Investors are now weighing the sector’s pricey valuations against the potential for future growth.

Nykaa Q1 revenue up 24% YoY led by beauty category, in-line with estimates

Nykaa's results come at a time when it has been hit by a slew of top-level exits. Since April, six senior executives, including company's chief marketing officer, Shalini Raghavan, among others, have quit the company

Alembic Pharmaceuticals posts Rs 120.6 crore profit in Q1

The company’s India revenues grew 9 per cent to Rs 524 crore, while the US generics were up 6 per cent at Rs 390 crore in the quarter, the company said in the filing.

AU Small Finance Bank reports highest quarterly profit of Rs 425 crore in Q4

It's net profit for the full financial year 2022-23 stood at Rs 1,428 crore, up 26 per cent year-on-year, the lender said in a statement.

Bank of America profits grow 15%, avoids industry crisis

USA's second-largest bank by assets posted a profit of $8.2 billion, up from $7.1 billion in the same period a year earlier.

The Ramco Cements Q3 profit down 31.9% at Rs 51.2 crore

The company had reported a net profit of Rs 75.24 crore in the October-December period a year ago, The Ramco Cements said in a regulatory filing.

UK energy company BP's profits double to $27.7 billion

The London-based company said underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $27.7 billion in 2022 from $12.8 billion a year earlier.

AmEx profits fall 9% as customers fall behind on payments

The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy.

43% of MSMEs to close this fiscal with pre-pandemic margins

The report is based on 69 sectors and 147 clusters or two-thirds of the MSME universe, which logged an aggregate revenue of Rs 56 lakh crore, representing 20-25 per cent of the GDP.

China’s great ‘Zero-COVID’ guessing game

Companies and manufacturers are worrying about their profits, while uncertainty is rippling through financial markets.

Pidilite Industries Q2 profit falls 10% to Rs 338 crore; sales rise 14.6% to Rs 3,011 crore

The company, which manufactures adhesives, sealants and construction chemicals, had logged a profit of Rs 375.53 crore in the July-September quarter a year ago.

Bajaj Consumer Care Q2 net profit dips 32% to Rs 32 crore

The company had reported a net profit of Rs 46.50 crore in the July-September quarter a year ago, said Bajaj Consumer Care, part of the Bajaj Group of Companies, operating in the beauty care category.

Moneycontrol Pro Panorama | Taxing windfall profits

In today’s edition of Moneycontrol Pro Panorama: RBI's Nov 3 meet seems perfunctory, start-up slowdown may be a passing phase, US Midterm polls and its market implications, market signs favourable for long-term investing, and more

ICRA net income up 52.5% to Rs 37 crore in September quarter

The Moody's domestic associate said its consolidated revenue rose by 19.2 per cent to Rs 98.6 crore from Rs 82.7 crore in the year-ago period.

Gillette India profit jumps two-fold to Rs 68 crore; sales rise 27% to Rs 553 crore in April-June

The company, which follows July-June financial year, had reported a profit of Rs 27.53 crore in the corresponding quarter of previous fiscal.

Oil India net profit triples on oil in June quarter, gas price boost

Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back.

Ajmera Realty Q1 sales bookings rise to Rs 400 crore

Its sales bookings stood at Rs 111 crore in the year-ago period.

Kansai Nerolac Paints Q1 net profit up 36.5% to Rs 152 crore; sales up 46%

The company had posted a net profit of Rs 111.38 crore in the April-June period a year ago.

Punjab & Sind Bank profit rises 18% to Rs 205 crore in April-June

New Delhi, Aug 1 State-owned Punjab & Sind Bank on Monday reported an 18 per cent growth in net profit at Rs 205 crore in the April-June quarter of..

The Ramco Cements Q1 net profit down 36.4% at Rs 109.23 crore

New Delhi, Aug 1 The Ramco Cements Ltd on Monday reported a 36.37 per cent decline in its consolidated net profit to Rs 109.23 crore for the first q..

Arvind Ltd posts Rs 101.62 crore profit for April-June, net sales up 64%

The company had posted a net loss of Rs 11.42 crore during the April-June quarter of the previous fiscal.