News Headlines

Volkswagen looks to electric vehicles, cost cuts for profit recovery

Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion. “Our good performance in 2020, a year dominated by crisis, will give us momentum for accelerating our transformation,” Chief Executive Herbert Diess said […]

Budget 2020

Japan’s Nikkei closes below 30,000 on profit booking in tech shares

TOKYO: Japanese shares fell on Wednesday, closing below the 30,000 milestone for the first time in seven sessions, as investors booked profits in technology shares following a decline in the Nasdaq index. The Nikkei share average slipped 1.61 per cent to 29,671.70, falling below the psychologically important mark hit last week, while the broader Topix […]

Budget 2020

ITC posts ₹3,587.2 crore profit for third quarter

ITC Ltd. on Thursday reported a consolidated net profit of ₹3,587.2 crore for the third quarter ended December. The company had posted a net profit of ₹4,047.9 crore during the October-December quarter of the previous financial year, ITC said in a regulatory filing. Revenue from operations during October-December 2020 stood at ₹14,124.5 crore. It was ₹13,307.5 crore […]

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

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, […]

Budget 2020

ABFRL returns to profit in Q3

Aditya Birla Fashion and Retail Ltd (ABFRL) of the Aditya Birla Group reported a third quarter net profit of 58 crore against a net loss of ₹38 crore in the year-earlier period following improvement in performance. Revenue, however, declined to ₹2,076 crore(₹2,583 crore). Aided by business performance with aggressive cost and working capital control measures, […]

Budget 2020

Eicher Motors Q3 Results: Net profit up 7% at Rs 533 crore, revenues up 19%

MUMBAI: Eicher Motors’ consolidated net profit for the quarter ended December rose 6.8 per cent year-on-year to Rs 532.6 crore. The company’s revenues rose 19.3 per cent on-year to Rs. 2,828.3 crore. Analysts had expected the Royal Enfield maker to report a consolidated net profit of Rs. 537.5 crore on consolidated revenues of Rs. 2,852.7 […]