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Investment Guru India 2020-05-21 09:44:59

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Key News

* Exports help offset domestic woes as Bajaj Auto pre-tax profit falls 8%

Bajaj Auto posted better-than-expected earnings for the March quarter over the year-ago period, as strong export volumes of motorcycles and a favourable exchange rate helped offset the decline in the domestic market. Profit before tax (PBT) contracted 8.2 %, while revenue from operations shrunk 8 % over the corresponding quarter last year. Net profit remained flat.

The maker of Pulsar and Discover models recorded a decrease in revenue from operations to Rs 6,816 crore, from Rs 7,421 crore last year, while PBT declined to Rs 1,721 crore from Rs 1,876 crore.

Overall volumes fell 17 % to 991,961 units over the year-ago period. It was dragged down by a 17 % fall in the domestic market, and a 21 % fall in overseas shipment of three-wheelers.


* Domestic flights resume Monday, passengers to get coronavirus guidelines

Drug major Dr Reddy's Laboratories Limited has reported a 22 % increase in profit before tax (PBT) at Rs 714.2 crore for the fourth quarter ended March 31, on the back of a greater contribution of revenues from the US and the European markets. The company has registered 10 % growth in revenues at Rs 4,431.8 crore for the quarter under review from Rs 4,016.6 crore in the corresponding quarter previous year.


* Q4 results: Posts Rs 6.77 crore net profit

consolidated net profits of Rs 6.77 crore for the quarter ending March 31, 2020, the company said on Wednesday.

The city-based company had registered consolidated net profits at Rs 7.10 crore during the corresponding quarter in the previous year.

For the full year ending March 31, 2020 net profits slumped to Rs 29.53 crore from Rs 42.45 crore in 2018-19 fiscal.

The revenues for the quarter grew by 4.5 % to Rs 94.1 crore and for the year by 6.7 % to reach Rs 371.8 crore.


* Jubilant FoodWorks profit down 71.5% in Q4

Jubilant FoodWorks Ltd—which operates the Domino’s and Dunkin’ Donuts chain of pizza and coffee shops in India—posted a 71.5% drop in fourth quarter standalone net profit at Rs.21 crore, the company said in a statement on Wednesday. In the year ago period, the company posted a net profit of 73.94 crore.

Standalone revenue from operations stood at Rs897.85 crore in the quarter ended 31 March, up 3.77% from the year ago period when the company posted Rs.865.19 crore.

Domino’s same store growth (SSG)—that refers to the year-over-year growth in sales for restaurants opened before previous financial year—was down 3.4% after registering a 6% growth in the same quarter last year.


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