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DCM Shriram Q4 PAT climbs 15% YoY

DCM Shriram reported 15.1% rise in consolidated net profit to Rs 231.72 crore on 16.7% increase in net sales to Rs 2174.92 crore in Q4 FY21 over Q4 FY20.
Vinyl business revenues climbed 109% at Rs 272 crore, driven by PVC prices up 70% and carbide prices up 59%. Overall sugar revenues up 22% YoY at Rs 1,021 crore while chemicals business revenues remained flat at Rs 355 crore in Q4 FY21. Fenesta business revenues were up 40% YoY at Rs 118 crore led by both retail and projects segment. Retail order booking was up 54% YoY. Fertilizers revenues, however, declined by 28.3% to Rs 215 crore in Q4 FY21 from Rs 300 crore in Q4 FY20. ....

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Amara Raja Batteries Q3 PAT spurts 18% to Rs 194 cr

Amara Raja Batteries (ARBL) s consolidated net profit jumped 17.98% to Rs 193.69 crore on 12.18% rise in revenue from operations at Rs 1,960.43 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) surged 19.93% to Rs 260.40 crore in Q3 December 2020 over Q3 December 2019. Total tax expense for the quarter soared 25.98% to Rs 66.71 crore as against Rs 52.95 crore in Q3 December 2019. The Q3 result was declared today, 13 February 2021. The board approved the payment of an interim dividend of Rs 5 per equity share.
In the automotive segment, revenue growth is aided by consistent growth in OEM and aftermarket segments and also the export segment registered robust growth. The telecom and commercial UPS market segments have also recorded a strong growth in the third quarter. Manufacturing capacities are fully ramped up to the optimum utilisation across all segments. ....

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Dixon Tech subsidiary to make Nokia smartphones at Noida plant

The smartphones will be manufactured at Padget s manufacturing facility situated at Noida, Uttar Pradesh.
Commenting on this occasion, Atul B. Lall, vice chairman & managing director, Dixon, said: It gives us immense pleasure to announce that we have partnered with HMD Global as manufacturers of Nokia smartphones in India, which is an iconic brand. They have established a strong and trusted foothold globally thanks to their advanced technology. We are sure that with their vision and stringent industry-leading processes, combined with our expertise in manufacturing, we will be able to bring a range of Nokia smartphones to customers.
Dixon Technologies (India) is a design-focused products and solutions company. The firm engages in manufacturing products in the consumer durables, lighting and mobile phones markets in India. ....

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Mastek tumbles as John Owen resigns as Group CEO

Mastek tanked 9.38% to Rs 1,178.90 after the company said John Owen will relinquish his role as Group CEO on 18 January 2021.Mastek announced that John Owen will be relinquishing his role as group chief executive officer on 18 January 2021 and will be pursuing opportunities outside the group. Ashank Desai, vice chairman & managing director, will assume the responsibilities of the group chief executive officer until a new group chief executive officer is appointed.
Mastek s consolidated net profit rose 26.98% to Rs 59.15 crore on a 6.13% rise in net sales to Rs 409.74 crore in Q2 September 2020 over Q1 June 2020.
Mastek is an enterprise digital transformation specialist. It enables large‐scale business change programmes through its service offerings, which include application development, oracle suite & cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing and agile consulting. ....

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Dixon Tech rallies on signing deal with boAt

Dixon Technologies (India) jumped 4.45% to Rs 15,105.05 after the company entered into an agreement with Imagine Marketing ( boAt ) for manufacturing of twin wireless speakers.Dixon Technologies (India) and boat have entered into agreement for manufacturing twin wireless speakers. Dixon will be manufacturing the products from its facility in Noida, Uttar Pradesh.
Commenting on this association, Atul B. Lall, the vice chairman & managing director of Dixon Technologies (India), has said that: boAt is the leader in the earwear segment. Their high-quality audio devices are known for their style and efficiency. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Dixon Group is committed to have pivotal impact in making India an Atmanirbhar Bharat backed by our commitment and performance. ....

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