Gammon Infrastructure Projects Ltd has reported a flat standalone net profit at Rs 5.88 crore for the fiscal first quarter that ended on June 30.
India Inc is enduring its worst earnings drawdown of the last 20 years, burdened by weak growth, high interest costs with excessive private sector debt and over-capitalised balance sheets, according to a report by Morgan Stanley.
Nava Bharat Ventures Ltd, which is into the business of power, mining and ferro alloys, on Wednesday reported a 32 per cent drop in consolidated net profit at Rs 29.20 crore for the quarter ended June 30, due to lower sales.
Rovio Entertainment Ltd, the maker of mobile phone games and animations, turned a profit from the first half of the year and said it was planning a sequel to its Angry Birds Movie.
Aurobindo Pharma shares jumped over 5 per cent on Wednesday, following the drugmaker's Q1 earnings announcement yesterday. Aurobindo Pharma was the top gainer in the Nifty50 index.
Drug firm Aurobindo Pharma on Tuesday reported a 23.81 per cent rise in consolidated net profit to Rs 584.96 crore for the first quarter ended June 30, 2016, mainly on account of robust sales.
FMCG major Gillette India on Tuesday reported a 35.42 per cent decline in standalone net profit at Rs 46.90 crore for the fourth quarter that ended on June 30, 2016, on account of a drop in oral care segment sales.
HPCL shares slumped over 3 per cent on Tuesday, following the state-run refiner's June quarter earnings announcement yesterday. HPCL on Monday reported a 30 per cent year-on-year rise in Q1 profit at Rs 2,098 crore, while its sales fell 13 per cent to Rs 44,840 crore.
Indraprastha Gas Ltd, the sole retailer of CNG in national capital region, on Monday reported a 44 per cent jump in net profit for the June quarter on a rise in gas sales and lower interest cost.
Net profit of Rs 2,098.38 crore in April-June quarter was 30 per cent higher than Rs 1,614.13 crore net profit in the same period a year ago, HPCL Chairman and Managing Director Mukesh K Surana told reporters here.
Renuka Sugars Ltd on Monday reported astandalone net profit of Rs 3.2 crore for the quarter endedJune 30.
The company's standalone net profit in the quarter ended June 30, 2015, was Rs 2,276.50 crore, NTPC said in a BSE filing.
Power Grid shares jumped over 3 per cent on Thursday, making the stock the top gainer in the Nifty50 index. The state-run utility, which had beat Q1 estimates on Tuesday, has been a market outperformer over the last year.
Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
Strides Shashun shares slipped over 3 per cent on Thursday, extending their fall to fourth straight day. On Wednesday, the Bengaluru-based drugmaker had disappointed the Street after missing Q1 earnings estimate.