Adani Ports profit up 65 per cent at Rs 1,738 crore
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 65.4 per cent rise in consolidated profit at Rs 1,737.81 crore for the quarter ended September, driven by higher revenue from operations.
The company had posted a consolidated profit of Rs 1,050.20 crore in the year-ago period.
Consolidated revenue from operations increased to Rs 5,210.80 crore from Rs 3,922.85 crore in the year-ago quarter.
Sun Pharma net up
Sun Pharmaceutical Industries on Tuesday reported a 10.51 per cent increase in consolidated net profit at Rs 2,262.22 crore for the second quarter ended September 30.
The company had posted a consolidated net profit of Rs 2,047.01 crore in the same period last fiscal.
Consolidated total revenue from operations were at Rs 10,952.28 crore against Rs 9,625.93 crore in the same quarter last fiscal.
TechM profit drops
Tech Mahindra on Tuesday reported a 4 per cent decline in profit for the September quarter at Rs 1,285 crore, citing a compression in profit margin.
The company’s overall revenue rose 20.7 per cent to Rs 13,129 crore in the second quarter of the current fiscal.
PNB profit dips
The standalone net profit of Punjab National Bank (PNB) dipped by 63 per cent to Rs 411 crore for the September quarter on account of higher provisioning for bad loans.
The bank had posted a net profit of Rs 1,105 crore in the year-ago period.
Total income increased to Rs 23,001.26 crore from Rs 21,262.32 crore in the July-September period a year ago.
The lender’s interest income also rose to Rs 20,154 crore from Rs 17,980 crore in the same quarter a year ago.
The gross non performing assets declined to 10.48 per cent of the gross advances from 13.36 per cent earlier.
Flipkart loss widens
E-commerce major Flipkart India’s consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues. It had reported a net loss of Rs 2,445.6 crore in the previous financial year 2020-21.
Nykaa net jumps
FSN E-Commerce Ventures, which operates under the Nykaa brand, on Tuesday posted a multi-fold increase in consolidated net profit at Rs 5.19 crore for the three months ended September.
The company had posted a net profit of Rs 1.17 crore a year ago.