News Today: Life Insurance Corporation: The insurance behemo | Start Learning
News Today:
Life Insurance Corporation: The insurance behemoth posted a 17 per cent decline in consolidated net profit to Rs 2,409 crore for the fourth quarter ended March 2022. The insurer had earned a profit of Rs 2,917 crore in the same quarter a year ago.
Sun Pharmaceutical Industries: The drug maker said its consolidated net loss stood at Rs 2,277 crore for the fourth quarter ended March 2022, mainly on account of a one-time exceptional loss. The Mumbai-based drug major had reported a net profit of Rs 894 crore in the January-March period of 2020-21.
Indian Railway Catering & Tourism Corporation: The railway ticket company said its net profit for the quarter ended March was at Rs 213.78 crore, up 105.99 per cent compared to Rs 103.78 crore in the same quarter last year. Its revenue from operations came in at Rs 690.96 crore, up 103.95 per cent from Rs 338.78 crore in the year-ago quarter.
Varroc Engineering: The global tier-1 auto parts manufacturer and supplier reported a net loss of Rs 284.96 crore for the quarter ended March 2022 against a net loss of Rs 144.32 crore in the same quarter of FY21. The company in a release said revenue from operations stood at Rs 1,652 crore in the March quarter of FY22.
Aurobindo Pharma: The drug maker reported a 28 per cent decline in its consolidated net profit at Rs 576.14 crore in the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 801.18 crore in the same period of the preceding fiscal.
Radico Khaitan: The liquor maker reported a 31.79 per cent decline in its consolidated net profit to Rs 50.15 crore for the fourth quarter ended March 2022 on account of continued commodity inflation. The company had posted a consolidated net profit of Rs 73.53 crore in the January-March quarter a year ago.
Wockhardt: The pharmaceuticals firm reported widening of consolidated net loss to Rs 311 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net loss of Rs 107 crore in the same period previous fiscal.
Campus Activewear: The fashion and athleisure footwear brand reported a 296 per cent growth in consolidated profit at Rs 39.60 crore in quarter ended March 2022, driven by operating income and topline, and lower tax cost. Revenue grew by 28 per cent to Rs 352.3 crore during the same period.
Kamdhenu: The buildings material maker reported over 37 per cent jump in its consolidated net profit at Rs 5.40 crore for the quarter ended March 2022, boosted by higher income. The company had clocked Rs 3.94 crore net profit in the same period a year ago.
LT Foods: The rice exporter reported a 26 per cent rise in its consolidated net profit at Rs 75.26 crore for the quarter ended March 2022. Its net profit stood at Rs 59.73 crore in the year-ago period.
Natco Pharma: The pharma player reported a consolidated net loss of Rs 50.5 crore in the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 53 crore in the same quarter previous fiscal.
Dish TV India: The direct-to-home firm reported widening of its consolidated net loss to Rs 2,031.99 crore for the fourth quarter ended in March 2022 on account of exceptional items which include impairment charges. The company had reported a net loss of Rs 1,415.23 crore in the January-March quarter a year ago.
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