Quarterly Report Card - Pfizer, Bata India, RattanIndia Power, Uflex announce Q2 results - know how they performed?

Pfizer, Bata India, RattanIndia Power and Uflex announced earnings results for the quarter ended 30 September 2021 on Wednesday. The results were declared after market hours. Here is a sneak peek into the performance exhibited bt individual companies. 

Pfizer Ltd Q2 net profit up 9 pc to Rs 143 cr

Drug firm Pfizer Ltd on Wednesday reported an 8.81 per cent rise in net profit to Rs 142.95 crore for the quarter ended September 30, 2021.

The company had posted a net profit of Rs 131.37 crore for the corresponding period of the previous fiscal, Pfizer Ltd said in a filing to the BSE.

Revenue from operations stood at Rs 636.26 crore for the quarter under consideration, as against Rs 595.41 crore a year ago, it added.

"During the quarter the company has entered into a business transfer agreement with Mylan Pharmaceuticals Pvt Ltd to transfer certain primarily off-patented and generic established medicines business (Upjohn

Business) as a going concern for a consideration of Rs 180.48 crore," Pfizer Ltd said.

Completion of transaction is subject to fulfilment of certain conditions as set out in the agreement, it added.

The Upjohn business comprises six brands -- Lyrica, Viagra, Celebrex, Amlogard, Daxid and Dilantin.

Revenue for the Upjohn business for the quarter ended September 2021 is Rs 21.1 crore, the filing said.

Shares of Pfizer Ltd closed at Rs 5,028.35 on BSE, down 1 per cent from its previous close.

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Bata India Q2 profit at Rs 37 cr

Shoemaker Bata India on Wednesday reported a consolidated net profit of Rs 37.18 crore for the second quarter ended September 2021 helped by an increase in sales from its retail outlets, e-commerce platforms and expansion drive of the company.

The company had posted a net loss of Rs 44.31 crore in July-September period a year ago, Bata India said in a BSE filing.

Revenue from operations was up at Rs 614.12 crore during the quarter under review as against Rs 367.87 crore in the corresponding quarter last fiscal.

"Since the opening of the economy and aggressive vaccination drives across the country, the company has continued its multiple measures to ensure customer safety, consumer-relevant communication, product availability and drive channel expansion.

"All these have resulted in a consistent increase in footfalls across its retail outlets, along with growth seen via e-commerce platforms and expansion drive in smaller towns in Tier 3-5," the company said in a post earning statement.

Total expenses were at Rs 575.44 crore as against Rs 440.72 crore a year ago.

Bata India MD and CEO Gunjan Shah said:"Along with channel expansion initiatives, we continued our strong focus on cost-savings measures across our network, controlling discretionary spends and enhancing productivity. These measures have laid the foundation that will help us capture the emerging consumer demand efficiently."

Innovation via agile product creation, introducing new emerging digital channels, expansion in tier 3-5 towns, and productivity enhancement will continue to be a priority along with the safety of our customers and employees through a robust vaccination drive, he added.

Over the outlook, the company said: "Despite the prevailing uncertainties, we are looking forward to the forthcoming festive season and onwards with cautious optimism".

Shares of Bata India on Wednesday settled at Rs 2,036.05 apiece on BSE, down 0.44 per cent from the previous close.

RattanIndia Power Q2 loss widens to Rs 464 cr

RattanIndia Power on Wednesday reported widening of consolidated net loss to Rs 463.95 crore for September quarter 2021-22.

In the year-ago period, it incurred a loss of Rs 461.27 crore, a BSE filing stated.

Total income stood at Rs 828.83 crore in the quarter as against Rs 280.79 crore in the same period a year ago.

Uflex Q2 profit down 23 pc to Rs 171 cr

Packaging materials and solution company Uflex Ltd on Wednesday reported 22.95 per cent fall in consolidated net profit at Rs 171.05 crore for the second quarter ended September 30, 2021.

The company had posted a net profit of Rs 222 crore in the year-ago period, Uflex said in a regulatory filing.

Revenue from operation was up 35.82 per cent to Rs 3,027.31 crore during the quarter under review as against Rs 2,228.75 crore in the corresponding period of the previous fiscal year.

Total expenses were higher at Rs 2,821.47 crore as against Rs 1,934.85 crore.

Revenue from 'Flexible Packaging Activities' was up 36.14 per cent to Rs 2,944.45 crore as against Rs 2,162.67 crore.

Engineering Activities was up at Rs 98.33 crore as against Rs 81.67 crore.

Shares of Uflex Ltd on Wednesday settled at Rs 572.25 apiece on BSE, down 1.19 per cent from the previous close.