IT services firm Tech Mahindra on Monday reported profit before tax (PBT) of Rs 1,283 crore, up 32.9 per cent sequentially but flat year-on-year (YoY), according to an exchange filing. The Mahindra group firm beat estimates for the June 2020 quarter (Q1FY21) thanks to lower operating costs. READ MORE
Pfizer: Pfizer posted a profit before tax of Rs 173.3 crore for the June quarter of FY21, a negligible decline of 0.8 per cent when compared with the corresponding quarter of the previous financial year.
Bharti Infratel: Bharti Infratel posted a profit before tax of Rs 943 crore for the quarter ended June, down 15 per cent from Rs 1,106 crore in the corresponding period last year. The consolidated profit after tax for the quarter was down 21 per cent at Rs 704 crore from Rs 887 crore in the same period last year.
Tejas Networks: Net loss of Tejas Networks reported to Rs 9.76 crore in the quarter ended June 2020 as against net profit of Rs 5.85 crore during the previous quarter ended June 2019.
ITC: Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore. According to the company, it has acquired shares of SFPL at an "upfront consideration of Rs 2,150 crores on a cash-free, debt-free basis".
United Spirits: Diageo controlled liquor maker United Spirits on Monday reported a consolidated net loss of Rs 246.6 crore for the first quarter ended June 30, mainly due to Covid-19 and subsequent lockdown. The company had posted a net profit of Rs 181.7 crore in the April-June quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
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