Read more about Lumax revenue up 30% at Rs 504 crore in Q4FY21; revenue drops 11% on Business Standard. Automobile lighting major Lumax Industries has reported revenue of Rs 504 crore for Q4 FY21 as against Rs 387 crore in the same period of previous fiscal, marking a 30 per cent increase
Revenue for the quarter improved 60% year-on-year to Rs 421 crore, while EBITDA improved 50% to Rs 57 crore as automotive sales gained traction during the quarter.
The stock rallied 6.60 per cent to Rs 21.80 on BSE. On NSE, it jumped 6 per cent to Rs 21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. The lender had registered a net loss of Rs 236.3 crore in the year-ago period. However, for the full year, its loss widened to Rs 2,732.9 crore as against Rs 990.8 crore in FY20. The profitability is due to our focussed monitoring and also on account of recoveries. Though it has been challenging times, we were able to make a reasonable amount of recoveries.
Indian Energy Exchange (IEX) said on Friday its standalone revenue for the January to March quarter grew by 28 per cent to Rs 102 crore from Rs 79 crore in Q4 FY20 due to 41 per cent increase in transaction revenue. For the fiscal year 2021, the growth was over 20 per cent with revenue totalling Rs 357 crore. Q4 FY21 saw the highest ever quarterly electricity volume at 22.4 billion units and also the highest ever growth of 62.1 per cent. The fiscal 2021 saw the highest ever yearly volume of 73.9 billion units traded at the exchange since 2008, resulting in 37 per cent year-on-year growth. IEX said the growth was driven by competitive power prices, creating traction with distribution utilities as well as industrial consumers, growing consumption of electricity, availability of adequate domestic coal besides commencement of new and much-awaited market segments like real time market and green market.
Drug firm Morepen Laboratories on Tuesday reported an over two-fold rise in its consolidated net profit at Rs 26.76 crore for the quarter ended March 31, 2021, on account of higher revenue. The company had posted a net profit of Rs 11.02 crore for the corresponding period of financial year 2019-20. Its consolidated total revenue stood at Rs 290.76 crore for the quarter under consideration, up 39.53 per cent against Rs 208.38 crore a year ago, Morepen Laboratories said in a regulatory filing. Shares of Morepen Laboratories were trading 4.95 per cent lower at Rs 65.25 apiece on BSE.
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