Net profit fell to Rs 31 crore in the quarter ended September 2021 from Rs 144 crore a year ago largely due to a 5 per cent shrinkage in retail loans and also hit by a reversal in interest income from segments like microfinance.
The company said that savings in finance cost and better performance in renewables business boosted the bottomline.
For the half year period ending September 30, 2021, standalone loss was at Rs 233.41 million as against a standalone net profit at Rs 171.19 million, the company said in a statement.
Total income during the quarter under review rose to Rs 5,760.32 crore from Rs 5,256.64 crore in the corresponding quarter a year ago.
Revenue from operations for the second quarter of FY22 stood at Rs 380.13 crore as against Rs 340.32 crore in the year-ago period. The e-commerce and international business verticals contributed to around 7%and 5%, respectively, of the total net sales, it added.
For the half year ended September, the company booked an income of Rs 1,962.04 crore, up 31.28 per cent from Rs 1,494.51 crore in the year-ago period.
On Friday, the markets may see a jittery start to the day, but any pullback attempts will find resistance at 17935 and 18000 levels. Supports now exist at 17780 and 17700 levels.
For the half-year ending September, consolidated revenue grew 42 per cent annualised to Rs 1,953 crore, and the group earned a net profit of Rs 758 crore, which is 63 per cent more than the same 6 months period last fiscal.
The power generator reported a 14.7 per cent on-year rise in revenue from operations to Rs. 28,329 crore, which was higher than Street’s estimate.
As per IRCTC’s website, income from the convenience fee is recognized on the basis of the value of the convenience fee earned on the tickets booked by domestic customers through its website.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.