The company had posted a net profit of Rs 1,334.9 crore (Rs 13.34 billion) in the April-June quarter of last fiscal, Wipro said in a filing to the Bombay Stock Exchange.
TCS Q1 FY'13 consolidated revenue up 37.71 per cent at Rs 14,868.71 crore.
There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth.
After four years of high double-digit growth in profits, corporate earnings of Indian companies hit a speed bump in the April-June quarter of 2024 (Q1FY25), leading to the risk of a downward revision in India Inc profit estimates for FY25 and volatility in the equity market. Earnings growth slowed despite companies in most non-financial sectors reporting higher operating margins from lower commodity prices and a decline in interest costs.
The bank had earned a net profit of Rs 811 crore (Rs 8.11 billion) in the April-June quarter of the previous year, HDFC Bank informed the Bombay Stock Exchange.
The company had posted a net profit of Rs 377.97 crore (Rs 3.77 billion) in the same period of previous fiscal.
FMCG major Hindustan Unilever Ltd on Thursday reported a 10.7 per cent increase in its consolidated net profit at Rs 2,100 crore for the first quarter ended June, 2021 led by a volume-based growth despite challenging circumstances due to the second wave of the pandemic. The company had posted a net profit of Rs 1,897 crore in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 11,996 crore, up 13.49 per cent, as against Rs 10,570 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.
In terms of volumes, sales were down by 9.98 per cent to 266,343 units.
On a standalone basis, the bank posted 17 per cent rise in net profit at Rs 2,655 crore.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
Brokerages expect Nifty50 companies to have cumulatively witnessed strong double-digit growth in their earnings in the first quarter of FY24 (Q1FY24). This growth in the combined earnings is expected to have been driven by banks, automakers, and oil & gas companies. Other sectors may report muted profit growth.
State-run Oil and Natural Gas Corporation on Monday announced a net profit of Rs 6,636.33 crore (Rs 66.36 billion) in the first quarter ended June 30, a 43.94 per cent growth from that in the corresponding period a year-ago.
Tata Infotech Ltd has posted a net profit of Rs 12.02 crore (Rs 120 million) for the first quarter ended June 30, 2003 as against net loss of Rs 1.13 crore (Rs 11.3 million) in the same period last fiscal.
"We are seeing early signs of positive momentum after the re-organisation. Clients continue to focus on optimising operations, creating new products and getting access to newer markets. We will continue to make investments that bring superior value to our clients as they try to win in this market," Wipro Chairman Azim Premji said in a statement.
ICICI Bank has posted a 23 per cent rise in its net profit at Rs 530.01 crore (Rs 5.3 billion) for the first quarter ended June 30, 2005 as against Rs 430.74 crore (Rs 4.3 billion) for the same quarter in 2004-05.
India's largest cellular operator Bharti Airtel on Wednesday posted a 48 per cent rise in net profit at Rs 755 crore (Rs 7.55 billion) for the first quarter ended June 30, on the back of strong additions in its subscriber base.
SM Trehan, MD of Crompton Greaves says topline growth was driven by growth in power systems, consumer products and industrial systems.
Total income of the lender rose to Rs 9,059.12 crore (Rs 90.59 billion) in the quarter under review, from Rs 7,818 crore (Rs 78.18 billion) in the corresponding period of last fiscal.
Jet Airways India Ltd on Wednesday reported a net profit of Rs 95.34 crore (Rs 953.4 million) for the quarter ended June 30,2005 as compared to Rs 51.96 crore (Rs 519.6 million) for the corresponding quarter in 2004-05. \n
FMCG major Hindustan Unilever on Friday reported 23.43 per cent decline in net profit at Rs 1,019.25 crore (Rs 10.19 billion) for the first quarter ended June 30, 2013.
Leading private sector lender HDFC Bank on Monday reported a 33.8 per cent increase in its June quarter net profit at Rs 811.71 crore (Rs 8.11 billion).
Despite reporting a weaker-than-expected net loss of Rs 2,536 crore for Q4FY26, largely due to a significant non-cash forex loss, analysts remain optimistic about IndiGo's long-term prospects, citing strong demand trends, a favourable pricing outlook, and strategic cost-control measures.
HDFC Bank Ltd on Friday posted a 30.38 per cent rise in net profit at Rs 239.30 crore (Rs 2.39 billion) for the quarter ended June 30, as compared to Rs 183.53 crore (Rs 1.83 billion) for the corresponding quarter in the year 2005-06.
Going ahead iGate will have to maintain a healthy order book to sustain growth.
The country's largest private telecom operator Bharti Airtel on Wednesday reported a decline of 32 per cent in consolidated net profit at Rs 1,682 crore (Rs 16.82 billion) during the first quarter ended June 30, due to the foreign exchange losses.
Consolidated revenue rose to a record Rs 163,854 crore.
India's fourth largest software services provider HCL Technologies on Friday reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore (Rs 18.73 billion) for the first quarter ended September 30 on the back of strong growth in Europe and business services.
Maruti Udyog Ltd reported on Thursday a 63.1 per cent increase in net profit for the first quarter ended June 30 at Rs 369.5 crore (Rs 3.69 billion), as compared to Rs 226.4 crore (Rs 2.26 billion) in the corresponding quarter of the previous fiscal.
Software solutions provider, iGate Global Solutions Ltd on Wednesday posted a net loss of Rs 3.51 crore
India's fourth largest software services exporter HCL Technologies on Thursday reported a 63.8 per cent rise in consolidated net profit at Rs 1,416 crore (Rs 14.16 billion) for the first quarter ended September 30, 2013, on the back of growth in Europe and encouraging macro-economic trends.
Punjab National Bank has posted a 28.2 per cent rise in net profit at Rs 322.67 crore for the quarter ended June 30, 2004 as compared to Rs 251.76 crore in the quarter ended June 30, 2003.
The flagship IT services revenues declined 3.3 per cent on a yearly basis to $1033 million, which was a sequential decline of 1.3 per cent. Sounding optimistic on the software services revival, Azim Premji the billionaire chairman of Wipro Limited said: "We are starting to see the first signs of stability in the business as ramp downs start to taper off and volumes start to stabilise.
GlaxoSmithkline Pharmaceuticals has posted a 52 per cent increase in net profit to Rs 35.09 crore for the first quarter ended March 31, 2003 as against Rs 23.02 crore for the corresponding quarter ended last fiscal.
US-based outsourcing firm iGate on Wednesday said its net profit declined 89.6 per cent to $3.1 million for the quarter ended June 30, 2014 hit by a one-time charge related to a debt settlement.
The company's revenue grew 20.2 per cent to $2.91 billion.
.jpg)
The company had posted a consolidated profit of Rs 2,313.87 crore (Rs 23.13 billion) in the same quarter last fiscal, Tata Motors said in a statement.
Riding high on a sharp growth in subscriber base, Anil Ambani group's telecom arm RCOM on Thursday reported a 23.9 per cent jump in its first quarter net profit at Rs 1,512 crore (Rs 15.12 billion) and announced plans to invest over Rs 25,000 crore (Rs 250 billion) in the current fiscal.
Total income rose to Rs 115.46 crore (Rs 1.15 billion) during the same quarter, from Rs 92.92 crore (Rs 929.2 million) in the corresponding period a year ago, RNRL said in a filing to the Bombay Stock Exchange. Shares of RNRL closed at Rs 83.85, up 1.39 per cent on the Bombay Stock Exchange.
Households may be feeling the pinch of higher inflation but corporate India is enjoying record high margins and profits. The combined quarterly net profit of listed companies scaled a new high in the April-June 2023 quarter owing to a sharp rise in operating and net profit. The expansion in margins more than compensated for the slowdown in revenue growth, which slipped into single digits in Q1FY24 after a gap of nine quarters.
