l&T Q2 net jumps 32% to Rs 2,020 cr
New Delhi: Infrastructure giant larsen and Toubro (l&T) on Saturday reported a 32 per cent jump in its consolidated net profit at Rs 2,020 crore for the quarter ended September 30, 2017. The firm had clocked a net profit after tax and share in profit of joint ventures or associates of Rs 1,532 crore in the year-ago period. Total consolidated income of the company rose to Rs 26,848 crore in July-September quarter this fiscal from Rs 25,474 crore during the same quarter in 2016-17, the company said in a statement. Total expenses rose to Rs 24,310 crore from Rs 23,507 crore. On the outlook, l&T said the government's determined efforts to revive the investment sentiment while undertaking impactful economic reforms have expectedly caused transition challenges.
Adani Power posts Rs 298 cr net profit
New Delhi: Adani Power posted a consolidated net profit of Rs 297.71 crore in the quarter ended September 30, mainly due to higher revenues and lower borrowing cost. The company had suffered a consolidated net loss of Rs 313.05 crore in quarter ended September 30, 2016, Adani Power said in a BSE filing on Saturday. According to the statement, its total income rose to Rs 6,462.47 crore in second quarter from Rs 5,670.25 crore a year ago. The company's consolidated net loss narrowed to Rs 161.14 crore in April-September this fiscal from Rs 545.68 crore in the corresponding period last year. It had suffered a loss of Rs 6,174.10 crore in the fiscal ended on March 31, 2017.
JK Cement Q2 net profit jumps to Rs 93 cr
New Delhi: JK Cement on Saturday reported over two-fold increase in its standalone net profit to Rs 93.14 crore for the quarter ended September 30. The firm had clocked a net profit of Rs 40.91 crore in the year-ago period, JK Cement said in a regulatory filing. Total standalone revenue of the company rose to Rs 1,142.05 crore in July-September quarter this fiscal from Rs 1,082.22 crore during the same period last year.
Britannia Industries Q2 net up 11.5% to Rs 261 cr
New Delhi: FMCG major Britannia Industries on Saturday reported an 11.52 per cent increase in its consolidated net profit at Rs 261.03 crore for the quarter ended September. The company had posted a net profit of Rs 234.05 crore in the July-September period a year ago, Britannia Industries said in a BSE filing. Its total income from operation rose 3.95 per cent to Rs 2,596.11 crore as against Rs 2,497.27 crore in the corresponding period of the previous fiscal. Total expenses increased 2.56 per cent to Rs 2,202.68 crore as against Rs 2,147.67 crore earlier.
RInfra Q2 net profit declines 5% to Rs 544 cr
New Delhi: Reliance Infrastructure (RInfra) on Saturday reported a 4.6 per cent decline in consolidated net profit to Rs 543.81 crore for the quarter ended September 30. The company had posted a consolidated net profit of Rs 570.5 crore in the corresponding quarter of previous fiscal, Reliance Infrastructure said in a BSE filing. However, total income from operations of the Anil Ambani -led infrastructure major rose to Rs 7,734.91 crore in the quarter under review, from Rs 7,476.16 crore in the year-ago period. The total expenses during the quarter also increased to Rs 7,549.95 crore from Rs 6,906.87 crore in the same period a year ago.
GVK Power Q2 net loss widens to Rs 77 cr
New Delhi: GVK Power and Infrastructure on Saturday reported a net loss of Rs 76.94 crore for the quarter ended September 30, 2017. The company had posted a net loss of Rs 13.41 crore in the corresponding
period a year ago, GVK Power and Infrastructure said in a regulatory
filing to stock exchanges. Total revenue during the quarter rose to Rs 20.16 crore as compared to Rs 18.55 crore, it said. In a separate filing, GVK Power and Infrastructure said its board has accepted the resignation of GVK Reddy as managing director of the company.