FMCG major Hindustan Unilever Ltd on Friday reported a 22.19 per cent increase in its consolidated net profit at Rs 2,670 crore for the second quarter ended September 30, mainly helped by volume growth and market gains.
The company had posted a net profit of Rs 2,185 crore in the July-September quarter of the previous fiscal.
The total income increased 16.44 per cent during the quarter under review to Rs 15,253 crore. It was Rs 13,099 crore in the year-ago period, Hindustan Unilever Ltd (HUL) said in a regulatory filing.
The leading FMCG maker delivered an “underlying volume growth of 4 per cent” during the July-September quarter, said an earning statement by HUL.
“Growth was significantly ahead of the market with more than 75 per cent of the business winning value and volume market share,” it said.
Expenses surged 18.12 per cent to Rs 11,965 crore compared with Rs 10,129 crore in the second quarter of the last fiscal.
HUL’s revenue from the sale of products in the September quarter rose 16.07 per cent to Rs 14,872 crore against Rs 12,812 crore a year ago.
IDBI Bank
IDBI Bank on Friday reported a 46 per cent rise in its net profit to Rs 828 crore for the second quarter ended September 30.
The bank had posted a net profit of Rs 567.12 crore in the year-ago period.
Total income rose to Rs 6,065.51 crore from Rs 5,129.92 crore a year ago. The private sector lender improved its asset quality by bringing down its gross non-performing assets to 16.51 per cent of the gross advances as of September 30 against 21.85 per cent at the end of September 2021.
Ambuja Cements
Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24 per cent in its consolidated net profit at Rs 51.30 crore for the September quarter, mainly due to rising fuel prices and related inflationary impact. The company had clocked a net profit of Rs 890.67 crore in the year-ago quarter, Ambuja Cements said in a BSE filing.
Revenue from operations rose 7.46 per cent to Rs 7,143.17 crore compared with Rs 6,647.13 crore in the corresponding quarter of the previous financial year.
Total expenses were at Rs 7,179.90 crore, up 29.51 per cent from Rs 5,543.51 crore a year ago.
