(Reuters) -Indian drugmaker Aurobindo Pharma reported a 3.8% rise in profit on Wednesday, helped by steady domestic demand, especially for its anti-retroviral drugs for HIV infections. Consolidated net profit in the second quarter rose to 8.48 billion rupees ($96.48 million) from 8.17 billion rupees a year ago. Revenue rose 8.37% to 82.86 billion rupees. For …
Aurobindo Pharma’s profit rises on steady domestic demand Read More »
(Reuters) -Indian biscuit maker Britannia Industries reported a 23.1% rise in second-quarter profit on Wednesday, benefiting from higher year-over-year prices and steady volumes. The company, which sells Marie Gold and Bourbon biscuits, reported a consolidated net profit of 6.54 billion rupees ($74.41 million) for the three months ended September 30, compared to 5.31 billion rupees …
(Reuters) -India’s Godrej Agrovet reported a fall in second-quarter profit on Wednesday, pressured by underperformance in its crop protection business and mounting input costs. Heavy and persistent rainfall, 115% above normal in September, led to farmers missing several rounds of sprays across different segments of herbicides, insecticides and fungicides and sharply reduced domestic farm input …
India’s Godrej Agrovet posts lower quarterly profit on pressure across key businesses Read More »
(Reuters) -India’s Ramco Cements beat second-quarter profit estimates on Wednesday, as cement prices recovered. The company’s standalone net profit after tax nearly tripled year-on-year to 743.1 million Indian rupees ($8.45 million) for the quarter ended September 30. Analysts on average expected 555.7 million rupees, according to data compiled by LSEG. Its revenue grew by nearly …
India’s Ramco Cements beats profit estimates as prices improve Read More »
By Hritam Mukherjee (Reuters) -Diageo’s India arm will begin a strategic review of its investment in a unit which owns the Indian Premier League cricket team ‘Royal Challengers Bengaluru’, the spirits maker said on Wednesday as it focuses on its core alcohol business. United Spirits Ltd sells brands such as “Royal Challenge” whisky and “Smirnoff” …
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(Reuters) -India’s Blue Star reported a 2.9% rise in second-quarter profit on Wednesday, as strength in its commercial air-conditioning segment offset softness in residential demand. Net profit rose to 990 million rupees ($11.26 million) from 962 million rupees a year earlier, while revenue for the quarter ended June 30 increased 6.4% to 24.22 billion rupees …
India’s Blue Star reports rise in quarterly profit on strong commercial demand Read More »
(Reuters) -Engineering firm Honeywell Automation India reported rise in second-quarter profit on Wednesday, driven by improved industrial activity and execution of existing orders. Profit at the Indian arm of U.S. conglomerate Honeywell International rose 3.8% year-on-year to 1.20 billion rupees ($13.7 million) in the quarter ended September 30. Honeywell Automation, which provides smart building systems …
Honeywell Automation India’s quarterly profit rises on improved demand Read More »
(Fixes broken hyperlink in paragraph 9; no changes to text) (Reuters) -India’s RBL Bank said on Wednesday that Emirates NBD will launch an open offer on December 12 to buy shares from public investors. The period for tendering of public shares will close on December 26, RBL Bank said in an exchange filing. Last month …
India’s RBL Bank says Emirates NBD to launch open offer on December 12 Read More »
(Reuters) -India’s Grasim Industries reported a rise in second-quarter profit on Wednesday, on the back of higher demand for its chemicals products. The company, part of the Aditya Birla Group, posted a standalone profit of 8.05 billion rupees ($91.59 million) for the July-September period, up from 7.21 billion rupees a year ago. Its revenue rose …
India’s Grasim posts higher profit on chemicals strength; paint unit CEO resigns Read More »
(Reuters) -Motherson Sumi Wiring India posted a rise in second-quarter profit on Wednesday, boosted by production ramp-up in a greenfield plant and festive demand. The company, which sells wiring harness solutions to carmakers including Maruti Suzuki and Tata Motors said its profit advanced about 9% to 1.65 billion rupees (about $19 million) in the quarter …
Motherson Sumi Wiring India’s quarterly profit climbs on festive demand Read More »
