Budget 2020

RBI remains net purchaser of US dollar in January, buys $2.854 bn

MUMBAI: The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January after it bought $2.854 billion from the spot market, the data showed. In the reporting month, RBI purchased $18.225 billion and sold $15.371 billion in the spot market, the RBI said in its monthly bulletin for March […]

Budget 2020

Aurobindo net rises fourfold on U.S. sale

Aurobindo Pharma on Wednesday reported a fourfold jump in third-quarter consolidated profit to ₹2,946.3 crore, boosted mainly by one-time gains from the sale of a step-down subsidiary in the U.S. Excluding exceptional items (net of tax), the consolidated net profit after JV share and minority interest was ₹836.6 crore, an almost 17% increase, the drugmaker […]

Budget 2020

Rane Holdings back in black, logs ₹39-cr. net

Rane Holdings Ltd., the holding company of the Rane Group, returned to profit with a consolidated net profit of ₹39 crore for the quarter ended December on growing demand for its products. It had posted a net loss of ₹3 crore in the year-earlier period. Revenue from operations rose 23% to ₹644 crore. The results […]

Budget 2020

Apollo Hospitals Q3 results: Net profit rises 49% to Rs 134 cr

NEW DELHI: Apollo Hospitals on Friday reported 49.14 per cent rise in consolidated net profit at Rs 134.16 crore for the quarter ended December 31, 2020 mainly on account of reduction in expenses. The company had logged a net profit of Rs 89.95 crore in the year-ago period, said in a regulatory filing Revenue from […]

Budget 2020

Satin Creditcare Q3 results: Company reports net loss of Rs 82 cr

KOLKATA: Microfinance company Satin Creditcare Network reported Rs 82 crore net loss in December quarter against Rs 48 crore net profit in the year ago period on higher provisions to cover the asset quality risks arising due to pandemic and repayment trouble in Assam. Total income also fell to Rs 294 crore as against Rs […]

Budget 2020

Grasim Industries Q3 results: Net profit surges 107% at Rs 2,152 crore

MUMBAI: Grasim Industries Limited, a flagship company of the Aditya Birla Group has reported a 107 per cent year-on-year (YoY) jump in net profit at Rs 2,152.33 crore during the December quarter of FY 21, mainly on account of better-than-expected pick up in consumer demand. “The recovery in the demand has been accelerated by greater […]

Budget 2020

Petronet LNG Q3 results: Net profit up 30% on demand resurgence

NEW DELHI: Petronet LNG Ltd, India’s largest gas importer, on Friday reported a 30 per cent rise in its December quarter net profit as demand reached pre-Covid levels. The company’s net profit in October-December 2020, stood at Rs 878.47 crore, or Rs 5.86 per share, compared with Rs 675.18 crore, or Rs 4.50 a share, […]