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India Inc has delivered blockbuster profits in Q3, but it needs to be seen if they sustain
India Inc’s Q3 FY21 report card brings welcome evidence that the profit rebound of the preceding quarter wasn’t just a flash-in-the-pan. An analysis by this paper shows that for 1,772 companies that have declared numbers, net profits (adjusted for exceptional items) jumped 52 per cent year-on-year on the back of operating profit margin expansion (17-21 per cent) though revenues barely changed. Soft material prices and wage cost savings seem to have aided profitability; rising input costs, though, may begin to pinch from the current quarter. Overall profit growth was striking with dramatic turnarounds from losses to profits reported by leading public sector banks, and steel and industrial companies, too. Muted bad loan recognition played a role in standout bank numbers while the upbeat commodity cycle propped up profits for commodity players. On these scores, t ....

India Inc , Q3 Profits , Coroprate Profits , Covid 19 , Wage Costs , Input Costs , இந்தியா இன்க் , குயிவ் 3 ப்ராஃபிட்ஸ் , ஊதியம் செலவுகள் , உள்ளீடு செலவுகள் ,

Suzlon December quarter loss narrows to Rs 118 crore on higher revenues

Suzlon Energy s consolidated net loss has narrowed to Rs 118.06 crore in the December quarter on the back of higher revenues.
The consolidated net loss of the company was Rs 742.91 crore in the quarter ended on December 31, 2019, the company said in a regulatory filing.
Total income from operations rose to Rs 959.52 crore in the quarter under review, from Rs 672.99 crore in the same period a year ago.
The theme of the Q3 of FY21 has been ramping up of operations and getting business back on track. This quarter, we were able to increase our pace of turbine supply to service our order book. The improvement in revenues quarter-on-quarter are encouraging and a sign that we are moving in the right direction, Suzlon Group CEO Ashwani Kumar said. ....

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