Q1 News

Coforge shares opened at Rs 1825.40 Thursday's session as against its previous close of Rs 1,849.70 on Wednesday. 

Boosted by other income, Coal India's standalone net profit shot up to Rs 918.02 crore. 

Zomato witnessed bumper IPO last month. It has reported a significant loss in Q1. Zomato reported a net loss of $48 million in June quarter.

State Bank of India's (SBI) standalone total income increased to Rs 77,347.17 crore in the first quarter of 2021-22 as against Rs 74,457.86 crore in the same period a year ago, according to regulatory filing.

Total revenue from operations stood at Rs 17,776. It was Rs 4,111 crore in the year-ago period. Maruti sold a total of 3,53,614 vehicles during the first quarter.

The IT major had registered a net profit of Rs 2,925 crore in the April-June 2020 quarter (as per US GAAP), HCL Technologies said in a regulatory filing.

The company had posted a profit after tax of Rs 894.11 crore in the same period last fiscal. Standalone revenue from operations for the quarter was at Rs 5,602.18 crore as compared to Rs 12,922.72 crore in the year-ago period. Revenue from operations during the quarter under review stood at Rs 16,321.34 crore as against Rs 26,041.02 crore in the year-ago period.

Coronavirus crisis hammered sales in several of its key markets. The COVID-19 pandemic has taken a heavy toll on automakers globally and piled pressure on Tata Motors. Sales at JLR, which accounts for most of the company`s revenue, fell over 42% during the quarter.

SBI first quarter growth was aided by decline in bad loan and sale of minority stake in its subsidiary SBI Life Insurance. The bank had reported a net profit of Rs 2,312.02 crore in the April-June quarter of 2019-20. The June quarter profit reflects Rs 1,539.73 crore earned out of sale of 2.1 per cent stake in SBI Life Insurance Company.

The total income rose 29 per cent to Rs 29,959 crore in April-June, 2020-21 as against Rs 23,240 crore in the same period of 2019-20. Successive month-on-month improvements have been seen in the individual loan business since April 2020. June disbursements was 68 percent of the corresponding month in the previous year and the increasing trend continuing in the month of July 2020.

The auto major had got listed way back in July 2003. It had posted a consolidated net profit of Rs 1,376.8 crore in the April-June quarter of 2019-20. On a standalone basis, the company reported a net loss of Rs 249.4 crore for the first quarter ended June 30.

The third largest private sector bank posted a net profit of Rs 1,370 crore for April-June, 2019-20. Total income was almost flat at Rs 19,125.57 crore during the quarter under review. There was an uptick in provisions for bad loans and contingencies at Rs 4,416.42 crore for April-June, 2020-21 as against Rs 3,814.58 crore in the year-ago period.

HUL had posted a net profit of Rs 1,795 crore in April-June quarter of the previous fiscal. Its sales during the quarter under review rose 3.65 per cent to Rs 10,570 crore, as against Rs 10,197 crore. Its total expenses increased 5.42 per cent to Rs 8,324 crore in Q1 FY2020-21, compared to Rs 7,896.

The new business premium income fell by 32.6 percent to Rs 1,499 crore. The challenges brought about by the pandemic had an impact on new business premium during the quarter. The company's value of new business (VNB) fell by 35 per cent to Rs 201 crore in the April-June quarter of 2020-21 from Rs 309 crore in the year ago period.

The IT major had registered a net profit of Rs 2,220 crore in the April-June 2019 quarter. HCL has declared an interim dividend of Rs 2 per equity share of Rs 2 each of the company for the FY 2020-21. The Payment date of the said interim dividend shall be August 7, 2020.

Its revenue grew 8.5 per cent to Rs 23,665 crore in the quarter. Globally, businesses have been impacted by COVID-19 pandemic. The company expects its FY21 revenue to grow by up to 2 per cent in constant currency terms.

The company had posted a consolidated profit of Rs 2,387.6 crore in the same period a year ago. Total income of Wipro was almost flat at Rs 15,571.4 crore in the April-June quarter. Shares of Wipro closed at Rs 225.05 apiece, down by 1.1 per cent compared to the previous close, on BSE.

The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter, the company said in a statement.

Net income attributable to shareholders fell to $3.40 billion, or 61 cents per share, in the quarter, from $3.88 billion, or 68 cents per share, a year earlier.