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  • Quarterly results snapshot: find out how different companies performed on 25 July 2018

    Publish Date: 26th July, 2018

    Introduction

    We are roughly half-way through the first quarter results season. Until now, a number of companies have announced good results, with a few posting better than expected numbers. With many different companies posting their results, here is a snapshot of the results announced on 25 July 2018.

    Crompton Greaves Consumer Electricals

    Electricals appliance manufacturer, Crompton Greaves Consumer Electricals reported strong numbers for the first quarter of FY19. It posted a 29.89% growth in net profit to Rs 104.27 crore on a YoY basis. Total income increased by 11.2% to Rs 1212.73 crore. With revenue from operations growing by 14% to Rs 1,204 crore, the company also registered strong operational performance. The electrical consumer durables segment as a whole registered a 14.7% growth in revenue for the quarter.

    Read the latest market research reportshere.

    JSW Steel

    India’s second largest steel manufacturer JSW steel posted great results for the quarter. Net profits rose by nearly four times to Rs 2,366 crore mainly due to better realisation and higher sales during the quarter. Revenues increased by 36% to Rs 20,519 crore. In a statement released after the results, the company said that domestic sales volume grew by 27%, with sales in the automotive segment growing by as much as 57%. While escalating trade tensions do pose a risk, global growth outlook generally remains strong for the company according to the statement.

    Read how trade wars affect Indiahere.

    Jubilant Foodworks

    Jubilant Foodworks, the Noida based operator of Domino’s Pizza and Dunkin Donuts in India reported better than expected results for the quarter. The company witnessed a three-fold jump in its net profits to Rs 74.67 crore compared to Rs 23.84 crore during the same period last year. Revenues grew by 26% for the quarter to 855% against Rs 679 crore.

    Superior product, value for money delivery and growing digital contribution were the key factors that helped the company achieve profitable growth according to Shyam S. Bhatia, Chairman of Jubilant Foodworks.

    Read the latest post-results reports here.

    Tata Elxsi

    Despite a strong operational performance, design company Tata Elxsi posted a profit of just 0.3% for the quarter. The company reported a profit of Rs 70.50 compared to Rs 70.30 crore in the last quarter. Revenues grew by 1.8% to Rs 382 crore. The company’s share price hit an all time high of Rs 1,479 crore, rising 5.51% in intraday trading.

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