Hindustan Lever on Tuesday reported a consolidated net profit of Rs 1,890.53 crore (Rs 18.90 billion) for the year ended December 31, 2006 as against Rs 1,355.92 crore (Rs 13.55 billion) in FY05.
The stock of two wheeler maker Eicher Motors was the highest gainer among BSE 100 stocks, rising 6.6 per cent in trade on Friday. The gains came on the back of better than expected performance in the March quarter of the 2022-23 financial year (Q4FY23) and earnings upgrades by brokerages. Standalone revenues (Royal Enfield) were up 19.9 per cent year-on-year (YoY), led by an 18 per cent growth in volumes and a marginal uptick in realisations.
Indian software services firm MphasiS BFL Ltd said on Wednesday its January-March net profit rose 41 per cent from a year earlier to Rs 187.2 million.
Merck Ltd has posted a net profit of Rs 106.98 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 110.74 million in the quarter ended December 31,2001.
Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said. Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday. "Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday.
Leading telecom operator Bharti Airtel Ltd on Thursday posted a 49 per cent increase in net profit at Rs 682 crore (Rs 6.82 billion) for the fourth quarter ended March 31, 2006, riding on strong customer additions.
An acute drug shortage in the US and stable pricing along with product launches are likely to boost revenues of India's pharmaceutical companies during the first quarter of this financial year, analysts said. Most brokerages estimate a top line growth of around 14-15 per cent, with earnings before interest, taxes, depreciation, and amortisation (Ebitda) growth of 24-30 per cent for Q1 of FY24. Hospitals are, however, likely to report lower occupancy rates, and diagnostics companies may witness an impact from delayed monsoon.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
Airtel reported a 19 per cent rise in its ARPU in the March quarter, as it removed the non-paying users from its network.
The total income of the company rose by 18.87% to Rs 87,477 cr.
According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.
The country's second largest private sector lender HDFC Bank on Thursday reported a net profit of Rs 630.88 crore (Rs 6.30 billion) in the fourth quarter of the financial year ended March 31, 2009.
Asea Brown Boveri Ltd has posted a net profit of Rs 410.68 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 307.26 million in the corresponding period last fiscal.
With the Big Four information technology services players having disappointed the Street, the focus is on mid-cap IT players who seem to have met expectations, according to analyst reports and management commentary on the demand environment.
India's fourth largest software services firm HCL Technologies on Thursday reported a 53.7 per cent jump in its consolidated net profit to Rs 1,834 crore (Rs 18.34 billion) for the fourth quarter ended June 30, 2014.
Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis' Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per cent Y-o-Y) on better North American and European volumes. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 2 per cent Q-o-Q to Rs 5,610 crore despite lower input costs in India and better Novelis performance.
Wipro results follow estimate-beating earnings by larger rivals Tata Consultancy Services Ltd and Infosys Ltd .
The standalone total income of the bank rose to Rs 36,331 crore (Rs 363.31 billion) during the quarter, from Rs 33,959 crore (Rs 339.59 billion) in the corresponding period a year ago, SBI said in a statement.
Net profit in the January-March quarter stood at Rs 3,905.16 crore (Rs 39.05 billion) from Rs 5,556.77 crore (Rs 55.56 billion) a year ago, IOC chairman R S Butola told reporters in New Delhi.
Its consolidated net profit during the same quarter (January-March) a year ago stood at Rs 1,776.74 crore (Rs 17.76 billion).
Sensex surged 486 points or 1.9%.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
Philips India Ltd has posted a net profit of Rs 381.80 million for the quarter ended December 31, 2002 as compared to a net loss of Rs 221.70 million in the corresponding period last fiscal.
Hindustan Lever Ltd has posted a net profit of Rs 4665.10 million for the quarter ended December 31, 2002 as compared to Rs 4363.80 million for the quarter ended December 31, 2001.
Zee Telefilms has posted a 135 per cent increase in net profit to Rs 32.57 crore for the fourth quarter ended March 31, 2003 when compared with Rs 13.88 crore for the corresponding quarter last fiscal.
Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in the transmission market. This includes opportunities from the Rs 2.4 trillion green energy corridor.
HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.
Equity benchmark indices Sensex and Nifty buckled under selling pressure after a nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors.
Year-on-year revenues rose 23.2 per cent.
On a sequential quarter on quarter basis, the net profit has moved up by 2.6 per cent while the topline grew by 3.5 per cent.
Jet Airways' loss widened for FY15 on higher cost.
India's largest private sector bank ICICI Bank on Saturday posted a net profit of Rs 790 crore in the fourth quarter ended March 31, 2006, a 28.5 per cent increase from profits for the year-ago period.
Sequentially, the loss widened from Rs 2,416.37 crore in the third quarter ended December 2017.
Satyam has posted a profit after tax and extraordinary items of Rs 140.84 crore for the fourth quarter when compared with a loss (after tax and extraordinary items) of Rs 35.91 crore for the quarter ended March 31, 2003.
IT major Accenture's second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Accenture has lowered the top end of its FY23 growth guidance in constant currency (CC) to 9 per cent from 10 per cent earlier. The firm, which follows a September-August fiscal cycle, expects a 2-6 per cent CC growth in Q4 of FY23 (June-August 2023) versus the 6-10 per cent prior guidance.
'As Tata Steel we will obviously use group-level leverage to make progress where we want.'
The huge loss at Merrill follows Citigroup Inc's write-off of $18 billion against sub-prime exposure. Citigroup, on Tuesday, had reported the biggest loss of almost $10 billion in its 196-year history.
The company reported sales of 3.75 million square feet in FY14.
IT services, which contributed 76 per cent to the company's revenues in FY'11, stood at $1,400 million.
The country's most valuable lender HDFC Bank can perhaps no longer claim to be a favourite of foreign portfolio investors (FPIs). Two data indicators, both somewhat interconnected, point to this - the diminishing premium of HDFC Bank's American depositary receipts (ADRs) compared to local shares, and the ample investment opportunities available to FPIs in the domestic market. The ADR premium has shrunk to below 5 per cent, down from over 30 per cent in March 2021, and even lower than recent levels.
