Gillette India Profit decreased by 40.3% to Rs 52.38 crores in the FY20

Gillette India Profit decreased by 40.3% to Rs 52.38 crores in the FY20 Gillette India: The company manufactures products like razors and other personal care including shaving tools and creams. It is an American company founded by King C. Gillette. However, the company in 2005 merged with Procter & Gambles.... The post Gillette India Profit decreased by 40.3% to Rs 52.38 crores in the FY20 appeared first on stockinvestor.in.

Gillette India Profit decreased by 40.3% to Rs 52.38 crores in the FY20

Gillette India Profit decreased by 40.3% to Rs 52.38 crores in the FY20

Gillette India: The company manufactures products like razors and other personal care including shaving tools and creams. It is an American company founded by King C. Gillette. However, the company in 2005 merged with Procter & Gambles. Procter & Gambles manufactures beauty products and household cares. 

Meanwhile, the shares of the company on Friday reported a bearish trend in the stock market after its Q4 results for the FY20. The company reported a 40.31% decrease in its consolidated net profit of Rs 52.38 crores in the quarter ended in March. The company also posted its consolidated net profit of Rs 87.76 crores in the same quarter last financial year. 

Besides, the companies net sales decreased by 12.66% to Rs 406.57 crores in this quarter. The companies also posted its net sales stood at Rs 465.51 crores in the same quarter last financial year. Whereas, the expenditure of the company increased by 2% to Rs 339.43 crores in this quarter ended on March 31st, 2020. The company also posted its expenditure of Rs 332.68 crores in the same quarter last year.

“The company reported positive growth in the quarter before the lockdown. But after the nationwide lockdown in order to prevent the spread of COVID-19, the business operations were severely disrupted across the country,” Gillette India said

On Friday, May 8th, the shares of Gillette India Ltd reported a bearish trend in the stock market. The company lost 79.80 points with a 1.60% decrease and reached 4,906.05 INR. While in BSE, the company lost 75.40 points with a 1.51% decrease and reached 4,915.50 INR.

Stock Market on May 8th:

On Friday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last two sessions. The Sensex is trading above 31,600 level, and Nifty is trading above the 9,200 level in the stock market. The Sensex gained 199.32 points with a 0.63% increase and reached a 31,642.70 level. While Nifty gained 52.45 points with a 0.57% increase and reached 9,251.50 level.

On the other side, the number of coronavirus cases in India reached 56,342 as of Friday, May 8th, and deaths reached 1,886.

In the border market, the S&P BSE Smallcap index reported a bearish trend in the stock market on Friday. It lost 48.05 points with a 0.45% decrease and reached a 10,638.70. The S&P BSE Midcap index gained 4.13 points with a 0.036% increase and reached an 11,423.81 level. While Nifty Bank lost 138.90 with a 0.71% decrease and reached 19,352.90  level.

Top Gainers on May 8th: HUL, Nestle, Tech Mahindra, Dr. Reddy’s Labs, and Sun Pharma are the top gainers in the stock market. 

Top Losers on May 8th: Axis Bank, NTPC, M&M, Indusind Bank, and SBI are the top losers in the stock market.

The post Gillette India Profit decreased by 40.3% to Rs 52.38 crores in the FY20 appeared first on stockinvestor.in.

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SBI Card Q4 results: consolidated net profit fall to Rs 84 crores

SBI Card Q4 results: consolidated net profit fall to Rs 84 crores SBI Card Q4 results: It is one payment service provider in India located in Gurgaon. Initially, the company was known as SBI Card and now it renamed as SBI Cards & Payments Services Limited. The company works under... The post SBI Card Q4 results: consolidated net profit fall to Rs 84 crores appeared first on stockinvestor.in.

SBI Card Q4 results: consolidated net profit fall to Rs 84 crores

SBI Card Q4 results: consolidated net profit fall to Rs 84 crores

SBI Card Q4 results: It is one payment service provider in India located in Gurgaon. Initially, the company was known as SBI Card and now it renamed as SBI Cards & Payments Services Limited. The company works under the largest bank SBI and Carlyle Group acquired from GE Capitals.

Meanwhile, the SBI Cards & Payment Services reported its Q4 results on Friday, May 8th. The company posted its consolidated net profit of Rs 83.54 crores with almost 66.41% decrease YoY in the quarter ended in March. The company also posted its consolidated net profit of Rs 248.74 crores in the same quarter last financial year. 

Besides, the companies impairment losses and bad debt reported at 138% increase Year-on-Year (YoY) to Rs 838.18 crores this quarter under review. However, the expenditure of the company stood at almost Rs 2,398.31 crores. The companies credit card receivables increased by 30.30% to Rs 24,140.61 crores in this quarter FY20.

On the other side, the balance sheet of the company stood at Rs 25,302.80 crores with an almost 25.60% increase in this quarter ended in March. The company also posted its balance sheet of Rs 20,146.17 crores in the same quarter last fiscal year. Whereas the companies Net Worth increased by 47.90% to Rs 5,412.73 crore in this quarter ended in March. The company’s non-performing assets reported at 2.01% of gross advances against 2.44% last financial year.

“The Covid-19 pandemic gave challenges in the economic situation. The company has performed sensitivity analysis and based on current estimates has created specific provision of Rs 489 crore,” said SBI Cards.

On Friday, May 8th, the shares of SBI Cards & Payment Services Ltd reported a bearish trend in the stock market. The company lost 3.85 points with a 2.25% decrease and reached 166.90 INR. While in BSE, the company lost 4.00 points with a 2.34% decrease and reached 166.70 INR.

Stock Market on May 8th:

On Friday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last two sessions. The Sensex is trading above 31,600 level, and Nifty is trading above the 9,200 level in the stock market. The Sensex gained 199.32 points with a 0.63% increase and reached a 31,642.70 level. While Nifty gained 52.45 points with a 0.57% increase and reached 9,251.50 level.

On the other side, the number of coronavirus cases in India reached 56,342 as of Friday, May 8th, and deaths reached 1,886.

In the border market, the S&P BSE Smallcap index reported a bearish trend in the stock market on Friday. It lost 48.05 points with a 0.45% decrease and reached a 10,638.70. The S&P BSE Midcap index gained 4.13 points with a 0.036% increase and reached an 11,423.81 level. While Nifty Bank lost 138.90 with a 0.71% decrease and reached 19,352.90  level.

Top Gainers on May 8th: HUL, Nestle, Tech Mahindra, Dr. Reddy’s Labs, and Sun Pharma are the top gainers in the stock market. 

Top Losers on May 8th: Axis Bank, NTPC, M&M, Indusind Bank, and SBI are the top losers in the stock market.

The post SBI Card Q4 results: consolidated net profit fall to Rs 84 crores appeared first on stockinvestor.in.

Source : Stockinvestor More   

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