Sun Pharma reports 70.36 per cent jump in consolidated net profit
Drug major Sun Pharmaceutical Industries on Tuesday reported a 70.36 per cent jump in its consolidated net profit at Rs 1,812.79 crore for the September quarter mainly on the back of robust sales and exceptional tax gains.
The company had posted a net profit of Rs 1,064.09 crore in the corresponding year-ago period, Sun Pharma said in a regulatory filing.
Consolidated total revenue from operations stood at Rs 8,553.13 crore for the quarter against Rs 8,123.35 crore a year ago.
“The tax gain (exceptional) is on account of the creation of deferred tax asset of Rs 288.28 crore arising out of subsequent measurement attributable to restructuring of an acquired entity,” the filing said.
Homegrown FMCG major Dabur India on Tuesday reported a 19.62 per cent increase in consolidated net profit at Rs 482.86 crore for the second quarter ended September on account of higher revenue from operations.
The company had posted a consolidated net profit of Rs 403.64 crore in the same quarter last year, Dabur India said in a regulatory filing.
Revenue from operations stood at Rs 2,516.04 crore in the second quarter against Rs 2,211.97 crore in the year-ago period, a growth of 13.74 per cent, it added.
Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 31.57 per cent increase in its consolidated profit at Rs 1,393.69 crore for the September quarter of 2020.
The integrated logistics player had clocked a consolidated net profit of Rs 1,059.20 crore in the corresponding period a year ago, the company said in a BSE filing. Its total consolidated income increased to Rs 3,423.16 crore for the second quarter against Rs 3,326.90 crore a year ago.
Adani Gas on Tuesday reported a record net profit in the September quarter as sales returned to pre-Covid levels quicker than anticipated.
Net profit in the July-September quarter at Rs 136 crore was 13 per cent higher than a profit of Rs 120 crore a year ago, Adani Gas CEO Suresh P Manglani told reporters during an earnings call.
The board of the company approved raising $400 million (about Rs 2,950 crore) in dollar denominated bonds to fund capital expenditure for the next two years, he said.