Now Reading: Ashok Leyland, 3M India Q1 profit rises; Natco, Alkem fall
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Ashok Leyland, 3M India Q1 profit rises; Natco, Alkem fall
Indian companies reported mixed Q1 results on August 14. Ashok Leyland's standalone profit rose to Rs 609 crore, and 3M India's profit jumped 31% to Rs 233 crore. Voltas posted a consolidated…
The Story in Brief
Indian companies reported mixed Q1 results on August 14. Ashok Leyland's standalone profit rose to Rs 609 crore, and 3M India's profit jumped 31% to Rs 233 crore. Voltas posted a consolidated net profit of Rs 214 crore. In contrast, Natco Pharma's profit plunged 84% to Rs 74.6 crore, and Alkem Laboratories' profit fell 22% to Rs 521 crore.
Edtech firm Physicswallah narrowed its net loss to Rs 77.6 crore as revenue grew 24% to Rs 1,054 crore. Bharat Dynamics reported a standalone profit of Rs 119 crore. Saatvik Green Energy's profit collapsed 95% to Rs 5.3 crore due to weak revenue. Solar company Swelect Energy's profit fell 60% to Rs 7.6 crore.
The Indian Opinion
Market talk of a broad Q1 slowdown ignores the stark divergence. Ashok Leyland and 3M India prove industrial and healthcare demand is intact. The alarm over pharma is misplaced: Natco's drop is product-specific, Alkem's is margin-related. The critical number to watch is the advance tax figures for Q2, which will confirm if corporate earnings momentum is sustainable.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
