Tag Archive for profit

Share India Securities H1FY19 Net Profit rises 30% to Rs 8.42Cr, Revenue grows 37.78% to Rs 80.26Cr

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Share India Securities Ltd, leading knowledge and technology driven financial services group, has reported a strong financial performance for the (first half year of FY19 or FY19H1) six months period ended on 30 September 2018.

 

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Ice Make H1FY19 Net Profit Rises 23.12 % to Rs 2.63 Crores Total Revenue up 40% to Rs 56.38 Crores

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has announced its financial results (Standalone & Consolidated) for the first half year ended September 30, 2018.
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Garware Technical Fibres Ltd. H1FY19 net profit rises by 18.8% to Rs. 64.3Cr

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Garware Technical Fibres Ltd. (formerly Garware-Wall Ropes Ltd.), a leading manufacturer of technical textiles for the Indian and global markets, today announced its financial results for the second quarter and half year ended September 30, 2018.

Q2FY19 Highlights:

§ Net Sales grew by 27.1% to Rs.262 Cr in Q2FY19 as compared to Rs. 206 Cr in Q2FY18

§ Profit before tax grew by 17.4% to Rs. 48.7 Cr in Q2FY19 as compared to Rs. 41.5 Cr in the same quarter last year

§ Net profit (PAT) has grown by 17% to Rs. 32.9 Cr in the quarter as against Rs. 28.2 Cr in the corresponding period of FY18

§ EPS for the period is at Rs.15.05 in Q2FY19; this is a growth of 17% over Q2FY18

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Filatex India reports 50% YoY growth in NET PROFIT for Q2FY19 Q2 NET PROFIT Rs. 20.25 Cr vs Rs. 13.52 Cr YoY; up 50% Q2 Revenue Rs. 718 Cr vs Rs. 414 Cr; up 73%

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Filatex India Limited, a leading manufacturer of synthetic man-made filament yarns, said its Q2FY19 NET PROFIT increased 50% to 20.25 crore rupees as the company opened a new production line. Revenue rose 73% to 718 crore rupees during the July-September quarter. The results are unaudited.

 

Key Financial Highlights:

 

Quarterly Performance:

 

Ø  Net Profit surged to Rs. 20.25 Cr in Q2FY19 from Rs. 13.52 Cr Q2FY18, up by 50% YoY

Ø  Standalone Revenue stood at 718 Cr in Q2FY19 from 414 Cr Q2FY18, up 73% YoY

Ø  EBITDA at Rs. 64.84 Cr in Q2FY19 from Rs. 36.08 Cr Q2FY18, up by 79% YoY

Ø  EBITDA margin rose to 9.03% Q2FY19 from 8.71% in the same period last year

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L&T Technology Services records 41% YoY revenue growth; 56% YoY net profit rise in Q2 FY19

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services (BSE:540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the second quarter and half year ended September 30, 2018.

Highlights for Q2FY19 include:

Revenue at ₹12,661 million; growth of 10% QoQ; 41% YoY
USD Revenue at $177.2 million; growth of 5.5% QoQ and 29.5% YoY in constant currency
Net profit at ₹1,910 million; growth of 56% YoY
Interim Dividend of ₹7.5 per share (Record date November 2, 2018)

During the quarter, LTTS won 6 multi-million dollar deals across Industrial Products, Process Industry and Telecom & Hi-tech. On a YoY basis, LTTS has increased its USD30mn+ clients by 1, USD10mn+ clients by 3 and its USD5mn+ clients by 5.

“We had a strong second quarter with a 29.5% YoY rise in revenues that was broad based. All five of our industry segments grew in double digits on a YoY basis, with Industrial Products also turning around this quarter. Our Revenues from digital & leading-edge technologies increased to 33% and grew by 66% YoY.

We are seeing a healthy deal pipeline and good traction in our focus areas such as Edge computing, Smart Manufacturing, IoT, Electric & Autonomous vehicles. Our customers are investing in new technologies to transform their business and stay competitive. We are in turn continuously scaling up our technology offerings, and the acquisition of Graphene is a step towards consolidating our leadership position in the Semiconductor & Product OEM space.

In Q2 we received multiple recognitions from the industry. LTTS was adjudged ‘Best Company of the Year’ at the 14th Indo-American Chamber of Commerce Corporate Excellence Awards, which is the IACC’s highest honour,” said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

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LTI Q2 FY19: USD revenue growth up 21.4% YoY; Net Profit jumps 46.7% YoY

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q2 FY19 results.
In US Dollars:
Revenue at USD 328.5 million; growth of 2.7% QoQ and 21.4% YoY
Constant Currency Revenue growth of 3.5% QoQ and 22.9 % YoY

In Indian Rupees:
Revenue at Rs 23,312 million; growth of 8.1% QoQ and 33.1% YoY
Net Income at Rs 4,003 million; growth of 10.9% QoQ and 46.7% YoY

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USD Revenue growth up 23.4% YoY; Net Profit jumps 35.2% YoY

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY19 results today.

 

In US Dollars:

  • Revenue at USD 319.9 million; growth of 3.5% QoQ and 23.4% YoY

  • Constant Currency Revenue growth of 5.1% QoQ and 22.9% YoY

 

In Indian Rupees:

  • Revenue at Rs 21,557 million; growth of 7.7% QoQ and 29.0% YoY

  • Net Income at Rs 3,612 million; growth of 24.8% QoQ and 35.2% YoY

 

“We are pleased to report a strong start to the year with 5.1% QoQ revenue growth in constant currency. Our growth has been driven by continued healthy momentum across multiple sectors, with double-digit sequential growth in BFS and High-Tech & Media in Q1. We are also happy to announce a large deal with a Global Fortune 100 consumer and pharmaceutical giant with a net-new TCV win in excess of US$ 50 Mn.   Read more

ICE Make FY18 Net Profit rises 32.19 % to Rs 6.63 cr

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has announced its financial results for FY18 and the second half of financial year ended March 31, 2018.

The Company’s net profit for FY18 rose by 32.19 % to Rs 6.63 crore compared to Rs 5.10 cr posted in FY17.

The Company’s total revenue grew by 15.70% to Rs. 101.68 Crore as compared to Rs 87.88 Cr reported in the corresponding financial year (FY17)

The Company’s revenue for the second half of FY 2018 grew at 16.31% to Rs 61.42 Crores while net profit for the period rose by 30.03% to Rs 4.49 Crores.

During the year Company’s EBIDTA went up by 0.92 % YoY to Rs 12.38 crores while EBIDTA Margin improved to 12.25% compared to 11.33% in FY’17. PAT Margin improved to 6.52% compared to 5.71% in FY’17

The Board of Directors of the Company at its meeting held on May 24, 2018 recommended final dividend of Rs 1.00 per equity share of Rs 10/each, for the financial year ended 31 March 2018. Read more

BANK OF INDIA Q3 FY18 OPERATING PROFIT AT Rs.1,354 crore

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bank of India announced its audited results for the Q3 FY 2017-18, following approval by its Board of Directors on February 12, 2018.

BUSINESS:

  • ·         Global Business of the Bank stood at Rs.9,05,541 crore as on December 31, 2017 against Rs.9,29,656 as on December 31, 2016. The de-growth in total business level has been as a result of conscious decision of the Bank for Consolidation, Cleansing of books and for Conservation of Capital.  Read more