Reuters India Business

BENGALURU (Reuters) – Indian real estate developer Sobha Ltd on Monday said its June quarter profit more-than-doubled as demand in the country stayed resilient, with more people booking flats and houses in big cities and towns. The Bengaluru-headquartered company’s consolidated net profit rose to 120.5 million rupees ($1.46 million) for the three months ended June …

India’s Sobha says Q1 profit doubles on strong demand for houses Read More »

HYDERABAD (Reuters) – Indian generic injectables maker Gland Pharma Ltd reported a 41% jump in first-quarter revenue on Monday, aided by its acquisition of French pharmaceutical group Cenexi. The Hyderabad-based company, which draws the bulk of its revenue from the United States, Europe, Canada, Australia and New Zealand, said revenue jumped to 12.09 billion Indian …

India’s Gland Pharma posts 41% jump in quarterly revenue on Cenexi acquisition Read More »

BENGALURU (Reuters) – India’s Tata Chemicals Ltd posted a 9.7% fall in first-quarter profit on Monday, hurt by a fall in soda ash prices and lower volumes. The chemical manufacturer’s consolidated net profit fell to 5.32 billion rupees ($64.31 million) during the quarter ended June 30 from 5.89 billion rupees a year earlier. “Soda ash …

India’s Tata Chemicals posts drop in Q1 profit on lower prices, volumes Read More »

BENGALURU (Reuters) – Bayer Cropscience, the Indian unit of German drug and pesticide maker Bayer AG, on Monday reported an 8.6% rise in quarterly profit, boosted by strong sales in its corn seeds business. Profit rose to 3.29 billion rupees ($39.77 million) for the quarter ended June 30, from 3.03 billion rupees a year earlier. …

India’s Bayer Cropscience posts Q1 profit rise on corn business strength Read More »

BENGALURU (Reuters) – India’s Max Healthcare Institute reported a nearly 39% rise in its first-quarter profit on Monday, aided by increased bed additions. The healthcare services provider said consolidated profit rose to 2.40 billion rupees ($29 million) for the quarter ended June 30 from 1.73 billion rupees a year earlier. Max Healthcare’s bed occupancy stood …

India’s Max Healthcare posts 39% rise in Q1 profit Read More »

By Bharath Rajeswaran (Reuters) – Venky’s (India) reported a more than 60% plunge in its first-quarter profit on Monday, hurt by lower sales realisations at its oilseed and poultry and poultry products businesses in a seasonally lean period. Shares of the poultry firm, which had risen 18.29% this year by last close after a more …

Poultry firm Venky’s (India) profit tumbles over 60% on lower sales realisations Read More »

(Reuters) – India Cements reported a wider adjusted loss in the first quarter on Monday, hurt by irregular monsoon and high raw material costs. The company reported a loss before exceptional items and tax at 989.1 million rupees ($11.96 million), from 720.1 million rupees loss a year ago. Revenue from operations fell about 4% to …

India Cements posts wider Q1 adjusted loss as raw material costs weigh Read More »