JK Tyre & Industries has posted a consolidated net profit of Rs 44 cr for the first quarter ended June 2021. The tyre major had reported a net loss of Rs 204 crore in the April-June period of 2020-21 fiscal amid COVID-19 disruptions. Revenue from operations rose to Rs 2,608 crore in the first quarter from Rs 1,131 crore in the year-ago period, JK Tyre & Industries said in a statement.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

On a standalone basis, the company posted a net profit of Rs 45 crore. The tyre maker had reported a net loss of Rs 75 crore during the June quarter of FY'21 fiscal.

See Zee Business Live TV Streaming Below:

Revenue from operations rose to Rs 1,726 crore during the period under review as compared with Rs 794 crore in the first quarter of 2020-21 fiscal.

The flagship company of JK Organisation, JK Tyre & Industries Ltd is amongst the top 25 tyre manufacturers in the world. It is present in over 100 countries with over 180 global distributors.

The company has 12 manufacturing facilities - 9 in India and 3 in Mexico that collectively produce around 32 million tyres annually.

Divi's Laboratories reports 13 pc jump in net profit at Rs 557 cr in Q1

Drug maker Divi's Laboratories on Saturday posted a 13 per cent increase in its consolidated net profit at Rs 557 crore for the first quarter ended June 30, 2021.

The company had reported a net profit of Rs 492 crore in the April-June quarter of the previous fiscal.

Total income rose to Rs 1,997 crore in the first quarter as compared with Rs 1,748 crore in the June quarter of 2020-21 fiscal, Divi's Laboratories said in a regulatory filing.

Forex gain for the current quarter stood at Rs 20 crore as against a gain of Rs 5 crore during the corresponding quarter of the last year, it added.

Jaiprakash Associates posts Rs 293 cr loss in June quarter

Infrastructure firm Jaiprakash Associates on Saturday reported a consolidated net loss of Rs 293.15 crore for the quarter ending June. The Delhi-based company had posted a net loss of Rs 336.67 crore in the year-ago period.

Total income rose to Rs 1,500.38 crore in the first quarter of this fiscal year from Rs 1,140.99 crore in the corresponding period of the previous year, according to a regulatory filing.

Jaiprakash Associates Ltd has presence in construction, real estate, cement, power and hotel businesses.

Indiabulls Real Estate posts nearly Rs 5 cr profit in June quarter

Indiabulls Real Estate on Saturday reported a consolidated net profit of Rs 4.86 crore for the quarter ended June. The Mumbai-based company had posted a net loss of Rs 94.46 crore in the year-ago period.

Total income rose to Rs 532.03 crore in the first quarter of this fiscal year from Rs 95.03 crore in the corresponding period of the previous year, according to a regulatory filing.

OnMobile Q1 net up 35.8% to Rs 12 cr

OnMobile Global Ltd has posted a 35.8 per cent rise in profit at Rs 16.4 crore for the quarter ended June 2021. The company had reported a profit of Rs 12.1 crore in the same period last year, the company said in a regulatory filing on Friday night.

Its total income declined about 8 per cent to Rs 132.37 crore during the reported quarter, from Rs 144.02 crore earlier.

"Our PAT (profit after tax) reflected a growth of 9.8 per cent quarter-on-quarter and 35.8 per cent year-on-year with 12.7 per cent margin and our continuing efforts on cost rationalisation efforts also helped in retaining double-digit EBITDA margin of 11.3 per cent," it said.

Quick Heal Q1 profit at Rs 6.2 cr

Cybersecurity solutions provider Quick Heal on Saturday said its consolidated net profit stood at Rs 6.2 crore for the June 2021 quarter against Rs 25 crore in the year-ago period.

Its revenue was at Rs 54.8 crore in the first quarter of FY22, while the same was at Rs 73.5 crore in the April-June 2020 period, Quick Heal said in a regulatory filing.

"As a result of the spillover of revenue from Q4FY20 to Q1FY21, the results are not comparable with Q1 of last year," the filing said.

The company said its retail segment revenue stood at Rs 42.8 crore as compared to Rs 66.8 crore in the corresponding period of the previous year.

Enterprise and government segment revenue was at Rs 14.5 crore as compared to Rs 10.4 crore in the corresponding period previous year. "Enterprise segment's contribution of 25 per cent has been in line with our strategy to boost our market share in this segment," it added.

VRL Logistics Q1 loss narrows to Rs 6 cr

VRL Logistics Ltd on Saturday reported narrowing of net loss to Rs 6.04 crore for the quarter ended June 30, 2021. Its net loss in the year-ago period stood at Rs 62.71 crore, the company said in a regulatory filing. Total income increased to Rs 417.28 crore during the quarter from Rs 162.40 crore in the year-ago period.

The company's expenses rose to Rs 424.90 crore in the period under review from Rs 246.21 crore earlier.