Why decrease in net profit margin

"Our strategy is designed to deliver growth with goodness while contributing to the larger objective of nation-building. In line with the Government's policy we are committed to contributing to the nation's vision of providing a safer, cleaner and greener energy," he added. … [Read more...] about Adani Gas net profit drops 42% in Q1

In the second quarter (Q2), group profit before financial result fell sharply to a negative amount of 666 million euros, down from 2.2 billion euros at the same quarter last year. However, a "strong performance" by the BMW Brilliance Automotive Ltd. joint venture in China contributed to an improved financial result. … [Read more...] about Net profit of German carmaker BMW plummets more than 80 pct in H1

Bosch Ltd on Thursday reported a 10.22 per cent fall in net profit at Rs 440.47 crore for the quarter ended March 31, 2017 against Rs 490.60 crore in the corresponding quarter last year.Overall, the company reported better-than-expected financial results in terms of net profit. ETNow poll had predicted a profit of Rs 400 crore for Q4FY17.Total income from operations of the company increased by 3.15 per cent to Rs 2,780.20 crore for the quarter under review. Its total income from operations was at Rs 2,695.43 crore in the same period last year.Shares of the company were trading 4.18 per cent up at Rs 23747.65 around 1.15 pm (IST). The scrip opened at Rs 22,795.85 and touched a high and low of Rs 24,056.80 and Rs 22,600, respectively, in trade so far.Benchmark BSE Sensex was trading 214 points, or 0.68 per cent, up at 30,508 at around the same time.For the financial year ended March 31, 2017, the company reported a consolidated net profit of Rs 1740.23 crore, up 13.47 per cent, against … [Read more...] about Bosch reports 10% YoY fall in Q4 net profit; beats estimates

New Delhi: Auto component manufacturer Bosch Ltd on Friday recorded a growth of 42.4 per cent in its standalone net profit at Rs 430.98 crore for the quarter ended June 30 2018. Company's net profit for the same quarter previous year stood at Rs 302.61 crore, as per a regulatory filing.The total revenue from operations grew by 21.3 percent at Rs 3,212 crores in quarter 1 of FY 2018-19 as against Rs 3,158 during year ago quarter. The Profit Before Tax (PBT) stood at Rs 649 crore, a growth of 40.5 percent over the same period of previous year on account of higher turnover, improved operational efficiency and higher productivity.Commenting on company's sales performance Soumitra Bhattacharya, Managing Director, Bosch Ltd said "We will continue to make considerable upfront investments – in the form of capital expenditure, high spending on R&D, and opening new markets. The remaining financial year will see Bosch making significant innovative additions to the Indian automotive … [Read more...] about Bosch Q1 net profit grows 42% at Rs 430.98 cr

Commenting on FY20 performance, Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said, “FY20 saw us performing strongly against odds in the overall business environment and helped us emerge stronger. The automotive sector is dealing with a lot of challenges due to regulatory changes, technology shifts and demand uncertainty due to COVID-19 lockdown."He further added, "It is early to comment on the medium and long term impact of the overall health and economic crisis caused by COVID-19. We are closely monitoring the emerging situation and have put in place robust risk management and agile response mechanism to recalibrate our strategic growth plans.”Commenting on the Q4 performance, S. Vijayanand, CEO, Amara Raja Batteries Limited said, “ARBL’s category leadership, continued focus on innovation and strong customer portfolio, position us well for 2020 and beyond. The company has taken up many initiatives to deal with the global … [Read more...] about Amara Raja Batteries net profit up 37 percent during FY20