Read more about Sunteck Realty Q3 PAT tumbles 34% to Rs 22 cr on Business Standard. The real estate developer s consolidated net profit skid 34.2% to Rs 22.15 crore on 3.3% increase in net sales at Rs 204.65 crore in Q3 December 2020 over Q3 December 2019.
Read more about Glenmark Pharma Q3 PAT soars 30% to Rs 248 cr on Business Standard. On a consolidated basis, the drug maker s net profit jumped 30.05% to Rs 248.17 crore on 1.87% increase in total revenue from operations at Rs 2,786.76 crore in Q3 December 2020 over Q3 December 2019.
Deal held up due to shortfall in Russian proposal for indigenous content, says HAL chief
The total indigenous content of the Ka-226T utility helicopters, to be jointly manufactured locally by India and Russia with Transfer of Technology (ToT), is between 27%-33%, said Chairman and Managing Director of Hindustan Aeronautics Limited (HAL) R. Madhavan. The final deal is held up as the Russian proposal of 62% indigenous content in assembled helicopters falls short of the tender requirement of 70%,
“In Ka-226T when we talk of 70% indigenous content, it is not the same as the Light Combat Aircraft (LCA) 52%. The 70% is of the Russian content. Engine from Safran and avionics from other countries are not accounted for in this. Balance is what we are looking and from there 70% is taken. Taking the whole helicopter, the indigenous content is about 27-33%,” he said in response to a question from
Polycab India s consolidated net profit jumped 19.1% to Rs 263.62 crore on 11.6% rise in net sales to Rs 2,798.83 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) soared 22.1% to Rs 354.11 crore in Q3 December 2020 as against Rs 289.97 crore in Q3 December 2019. Total tax expense for the quarter increased 31.99% to Rs 90.49 crore as against Rs 68.56 crore in Q3 December 2019. The Q3 result was declared on Saturday, 23 January 2021.
Wires & cables business grew 6% Y-o-Y (year-on-year) to Rs 2,270.30 crore in Q3 FY21 from Rs 2,150.20 crore in Q3 FY20 despite a high base. Construction activities are progressing, albeit at a slower pace as consumer demand remains robust with improving sentiment. Wires saw strong traction, as per the company s disclosure.
JK Tyres & Industries soared 13.75% to Rs 131.50 after the company s consolidated net profit surged to Rs 230.66 crore in Q3 December 2020 over a net profit of Rs 11.65 crore in Q3 December 2019.
Consolidated net sales jumped 25.9% to Rs 2769.28 crore in Q3 FY21 as against Rs 2199.80 crore in Q3 FY20. This was best ever sales for any quarter. EBITDA doubled to Rs 507 crore in Q3 December 2020. Profit before tax was at Rs 342.97 crore in Q3 December 2020 as against Rs 23.31 crore in Q3 December 2019. Tax expense for the quarter stood at Rs 67.88 crore as against Rs 14.87 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 21 January 2021.