Aug 4, 2021By: Rounak Jain
The Sunil Mittal-led telco reported a net profit of ₹284 crore in the June quarter versus ₹759 crore three months ago. This is Airtel’s second subsequent profitable quarter in several years. In June last year, it had posted a loss of ₹15,933 crore.
Revenue increased to ₹26,853 crore, up 15 percent in the last 3 months. Avg Revenue Per User edged up to ₹146 from ₹145.
Bounced back in the black with a net profit of ₹266 crore in the June quarter as against a loss of ₹66 crore a year ago. Revenue more than doubled to ₹12,579 crore as against ₹5,265 crore, year-on-year.
Bagged a supply chain modernisation contract from the US-based multinational food products company, Rich Products.
SBI, Titan Company, HPCL, Adani Total Gas, Adani Green Energy, Godrej Consumer Products, Tata Communications and more.
Apollo Tyres, PNB Housing Finance, Borosil Renewables, Sumitomo Chemical India, Tata Steel BSL, Thomas Cook (India), among others.
Two new IPOs - Windlas Biotech, and Exxaro Tiles, open today.
S&P has upgraded Tata Steel’s long-term debt rating saying the debt level and finance cost may decline materially over the next two years.
Both tea exports and the coffee chain Starbucks recovered but not strongly enough until the second half of June, the management reportedly said.
Profit fell 42 percent in the June quarter to ₹200 crore. Revenue surged 11 percent to ₹3,008 crore in the same period.
Relaunched Naproxen Sodium tablets – a pain reliever – in the US after receiving approval from the US Food and Drug Administration.
To raise up to ₹2,500 crore through sale of shares and rights to institutional investors before March 2022.