Mining major Vedanta on Friday said consolidated attributable profit fell 12 per cent year-on-year to Rs 1,351 crore in the June quarter compared with Rs 1,533 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a profit of Rs 1,354 crore. Revenue from operations fell 4 per cent to Rs 21,167 crore compared with Rs 21,942 crore in the same quarter last year.
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Mining major Vedanta on Friday said consolidated attributable profit fell 12 per cent year-on-year to Rs 1,351 crore in the June quarter compared with Rs 1,533 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a profit of Rs 1,354 crore. Revenue from operations fell 4 per cent to Rs 21,167 crore compared with Rs 21,942 crore in the same quarter last year.
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HCL Technologies on Wednesday reported 7.60 per cent year-on-year dip in profit at Rs 2,220 crore for the quarter ended June 30. Analysts in an ET NOW poll had projected a profit of Rs 2,378 crore. Revenue of the IT major, however, increased 18.40 per cent to Rs 16,425 crore during the quarter under review.
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Country’s biggest carmaker Maruti Suzuki on Friday posted 17.21 per cent year-on-year dip in profit at Rs 1,489.30 crore for the quarter ended December 31. The firm had posted a profit of Rs 1,799 crore in the corresponding quarter last year.
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HCL Technologies on Tuesday reported a 19 per cent YoY rise in profit at Rs 2,611 crore for December quarter. It was up 2.8 per cent on a sequential basis. Analysts in an ETNOW poll projected a profit of Rs 2,541 crore.
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Tata Steel on Friday reported 54.31 per cent year-on-year (YoY) rise in profit at Rs 1,753 crore for December quarter, which fell short of Rs 2,289 crore net estimated by analysts in an ET Now poll. The company had posted Rs 1,136 crore profit in the similar period last year.
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Private lender Yes Bank on Wednesday reported a 91 per cent plunge in June quarter net profit at Rs 113.80 crore thanks to a one-off impact from mark-to-market provisions of Rs 1,109 crore. The bank’s net interest income grew 2.8 per cent YoY to Rs 2,281 crore in Q1FY20, despite absorbing a Rs 223 crore impact due to interest reversals on account of slippages during the quarter. Pre-provisioning operating profit grew 48 per cent sequentially to Rs 1,959 crore. The bank managed to post net profit of Rs 114 crore for Q1 despite absorbing one-off impact from MTM provisions of Rs 1,109 crore.
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Reliance Jio Infocomm (Jio) reported its seventh straight profitable quarter, with a 46% on year expansion in the bottom line for the April-June period on the back of strong user additions and increased data usage, though the company average revenue per user (ARPU) fell on quarter as the company added mostly lower revenue generating subscribers. The Mukesh Ambani-controlled company, which has upended the market since its entry in September 2016 with cheap mobile Internet services, posted a net profit of Rs891 crore for the fiscal first quarter, compared with Rs840 crore in the January-March period.
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Housing Development Finance Corporation (HDFC) on Friday reported 46 per cent rise in its standalone net profit of Rs 3,203 crore during April to June quarter of the current financial year (Q1 FY20). The country's largest mortgage lender had posted a net profit of Rs 2,190 crore during the corresponding period of 2018-19.
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ITC on Friday posted 5.7% growth in revenue from operations at Rs 11,502.82 crore for the first quarter ending June 30, 2019 missing street estimates. The company attributed the sales growth to the paperboards, hotels and non-cigarette FMCG business. The cigarette-FMCG-hotel major’s net profit for the quarter grew by 12.6% at Rs 3173.94 crore over the same period last year.
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FMCG major Hindustan Unilever Ltd (HUL) on Monday reported a 21.18 per cent rise in standalone net profit to Rs 1,848 crore for the quarter ended on September 30, 2019, mainly driven by home care, and beauty and personal care verticals. The company had posted a net profit of Rs 1,525 crore for the corresponding period of the previous fiscal, HUL said in a filing to BSE.
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