Britannia Industries on Monday reported an increase of 4.96 per cent in consolidated net profit at Rs 377.95 crore for the fourth quarter ended March 2022, led by an increase in topline and volume growth. The company had posted a net profit of Rs 360.07 crore a year ago.
Total revenue from operations climbed 13.40 per cent to Rs 3,550.45 crore during the quarter under review. In the year-ago period, the same stood at Rs 3,130.75 crore.
Britannia Industries’ total expenses were at Rs 3,085.45 crore, up 14.19 per cent in the fourth quarter of FY 2021-22. It was at Rs 2,701.87 crore in the previous year.
IDBI Bank net rises
IDBI Bank has posted a 35 per cent rise in standalone net profits for the March quarter of 2022 on lower provisions. Net profits of the lender increased to Rs 690.60 crore against Rs 512.20 crore in the corresponding period of the previous year.
This came after provisions at the bank plummeted to Rs 669.23 crore from Rs 2393.36 crore in the year-ago period.
Adani Wilmar profit
Edible oil major Adani Wilmar on Monday reported a 26 per cent decline in consolidated net profit at Rs 234.29 crore for the quarter ended March on higher tax expenses.
The company had posted a net profit of Rs 315 crore in the year-ago period.
Total income increased to Rs 15,022.94 crore during the January-March period of last fiscal from Rs 10,698.51 crore in the corresponding period of 2020-21.
