Q1 Results

Grasim Q1 profit down 12%

New Delhi: Aditya Birla Group flagship holding firm Grasim Industries Ltd on Friday reported a decline of 12 per cent in its consolidated net profit at Rs 2,267.74 crore for the first quarter ending June 2024, on account of higher depreciation and interest charges on account of new growth businesses.The company had posted a net profit of Rs 2,576.35 crore during the April-June quarter a year ago, according to a regulatory filing by Grasim Industries, which controls leading group companies such as UltraTech, Aditya Birla Capital and Aditya Birla Renewables Its revenue from operations was up 9 per cent to Rs 33,860.75 crore during the quarter under review from Rs 31,065.19 crore in the corresponding period of the previous fiscal. The revenue growth was “driven by a strong performance from its diversified businesses portfolio.

Wockhardt Q1 net loss at Rs 16 cr

New Delhi: Drug firm Wockhardt on Friday reported a consolidated net loss of Rs 16 crore for the first quarter ended June 30 2024.The Mumbai-based firm had reported a net loss of Rs 136 crore in the June quarter of last fiscal. Total income stood at Rs 769 crore for the first quarter as compared to Rs 658 crore in the year-ago period, the drug maker said in a regulatory filing. Shares of the company on Friday ended 3.99 per cent up at Rs 955.90 apiece on the BSE. PTI MSS

IRB Infra’s Q1 profit grows to Rs 140 cr

New Delhi: IRB Infrastructures Developers Ltd on Friday posted around 5 per cent rise in consolidated profit after tax to Rs 140 crore during June quarter on account of higher income.It had reported a profit after tax (PAT) of Rs 134 crore in the April-June quarter of preceding 2023-24 financial year, the company said in an exchange filing. The company’s total income rose to Rs 1,972 crore in the reporting quarter from Rs 1,745 crore in the year-ago period, registering an increase of 13 per cent.

Arohan FinServices’ net profit jumps4X

Kolkata: Microlender Arohan Financial Services on Friday reported an over four-time jump in its net profit to Rs 104.08 crore during the first quarter of the 2024-25 fiscal. It was Rs 25.40 crore during the same quarter of the previous financial year, the company said in a statement. The net profit was driven by a rise in business and earnings, it said. Total income from operations increased 36 per cent to Rs 469 crore during the quarter under review, as against Rs 345 crore in the same quarter of the previous fiscal.