Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled provisions and credit costs. For the full year, the company, which is working on a reverse merger with its banking subsidiary, has booked a net profit of Rs 13,742 crore, up from Rs 12,027 crore in FY21, vice-chairman and chief executive Keki Mistry said on Monday in an earnings call with analysts. On a consolidated basis, net profit for the quarter surged 21.6 per cent to Rs 6,892 crore on-year and for the full year it jumped 21 per cent to Rs 22,595 crore, Mistry said and guided towards better days.
Infosys Q4 net profit at Rs 1,124 crore on a standalone basis.
The net sales of the company showed a growth of 14.4 per cent at Rs 2,974 crore (Rs 29.74 billion) from Rs 2600 crore (Rs 26 billion) during the same period last year. \n
The Street expects lower earnings from RIL's shale business to be offset by the sharp uptick in refining margins and the gradual improvement in petrochemical earnings.
On the back of record sales, the country's largest car maker Maruti Udyog Ltd on Tuesday reported a 24.3 per cent jump in net profit for the fourth quarter ended March 2007 at Rs 448.6 crore (Rs 4.48 billion) over January-March 2006.
Satyam Computer Services posted 37.11 per cent increase in profit after tax on Friday at Rs 397.50 crore (Rs 3.97 billion) for the quarter ended March 31, as compared to Rs 289.90 crore (Rs 2.89 billion) for the same quarter last year.
TVS Electronics Ltd has posted a net profit of Rs 4.50 million for the quarter ended December 31, 2002 as compared to Rs 12.30 million in the quarter ended December 31, 2001.
On the back of appreciated margins, Patni Computer Systems on Monday a rise in net profit at Rs 72.44 crore (Rs 724. 4 million) during the fourth quarter ended December 31, 2004 as against Rs 62.94 crore (Rs 629.4 million) in the corresponding period
Investors' wealth tumbled over Rs 2.58 lakh crore on Monday as equity markets suffered a heavy sell-off, with the Sensex plunging 2 per cent. The BSE benchmark tanked 1,172.19 points or 2.01 per cent to settle at 57,166.74 after a weak opening. During the day, it plummeted 1,496.54 points or 2.56 per cent to 56,842.39. Tracking the weak trend in equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,58,855.59 crore to stand at Rs 2,69,44,207.98 crore.
Excellent execution and a constant focus on the customer has helped TCS.
Telecom giant Bharti Airtel on Thursday posted a lower-than-expected consolidated net income of Rs 1,400.7 crore (Rs 14 billion) for the quarter ended March 31, 2011, down 31.48 per cent vis--vis the same period last year on account of higher cash outflow for its African operations.
Led by Trent, which hit its lifetime-high recently, apparel retailers have gained between 10 per cent and 36 per cent over the past three weeks. Given the network of physical stores, these stocks shall be major beneficiaries of the unlock theme, with most states doing away with Covid restrictions. Amid improving footfall, analysts expect the sector to post double-digit growth in FY23.
'Small cap funds do have their own merits and they make sense when the investor has a longer investment horizon.'
'Chasing sectors which have reported strongest earnings is not always the right strategy for outperformance.'
Associated Cement Companies has reported an 11.8 per cent increase in net profit to Rs 58.72 crore (Rs 587.2 million) for the fourth quarter ended March 31, 2003.
Hexaware Technologies Ltd posted a net profit of Rs 74.12 million for the quarter ended December 31, 2002 where as it had posted a net loss of Rs 84.71 million for the quarter ended December 31, 2001.
The cement industry continues to present a puzzle to investors.
India's leading private sector telecom services provider, Bharti Airtel on Friday reported a whopping 98 per cent net profit at Rs 1,353 crore (Rs 13.53 billion) for the fourth quarter ended March 31, compared to the same period last year.
Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.
Gold prices hit record high in the third week of March as fears of bank collapses and high inflation led investors to the traditional safe haven. Gold prices are often inversely correlated to dollar strength because the international price is dollar-denominated. The Federal Reserve's (Fed's) stance indicates that the dollar may appreciate further since it is prepared to keep pushing up policy rates. But demand for gold is also up - the World Gold Council claims central banks are buying in addition to private demand.
Tata Steel delivered one of its best financial performances ever in the third quarter of the current financial year, and surpassed its deleveraging target of $1 billion. In an interview, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that the company will continue to focus on deleveraging but profitable and value-added growth will be equally important.
SBI is expected to mop up almost $202 million via the share sale.
Bandhan Bank has declared disappointing results for the first quarter of the 2023-24 financial year (Q1FY24). While the market has been braced for known issues around microfinance exposures in West Bengal and Assam, there is higher stress in the portfolio. This means higher credit costs and poorer asset quality, leading to target downgrades by analysts.
A weak margin outlook in the near term and lack of fresh triggers may keep the Godrej Consumer Products (GCPL) stock under pressure. The stock, after tepid September quarter (Q2) results and marginal downward revision in earnings estimates, declined 3.5 per cent in trade on Friday. Though consolidated sales of the company, which owns the Goodknight and Cinthol brands, grew 8.5 per cent year-on-year (YoY), its operating profit declined because of the sharp contraction in margins.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
India's largest carmaker, Maruti Udyog Ltd on Friday reported an impressive 65 per cent jump in net profit in fourth quarter of 2004-05 to Rs 259.45 crore as compared to Rs 157.15 crore during the year ago period.
ICICI Bank puts up a good show in Q4.
From the 30-share pack, Infosys, Tech Mahindra, TCS, HDFC, HDFC Bank, Wipro and HCL Technologies were among the major laggards in early trade. Nifty tumbled 314.95 points to 17,160.70.
The company reported 2.13 per cent growth in consolidated net profit as per International Financial Reporting Standards.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
'Favourable product mix, sales recovery, and cost saving initiatives are expected to support margins going ahead while focus on debt reduction (target of debt free by FY24) will aid balance sheet strength'
After new-age tech companies reported better-than-expected June quarter (Q1FY23) results, analysts said it will be a long road to recovery for their respective businesses and the stock prices. Moreover, brokerages differ on whether it is the right time to own these stocks. The common thread, however, that runs across most brokerages is Zomato, where they suggest buying the stock with the one-year target price ranging between Rs 60 - 115, translating into an upside of around 9 - 109 per cent from the current levels. The company's gross order value (GOV) of food delivery jumped 10 per cent quarter-on-quarter (QoQ) and 42 per cent year-on-year (YoY) in Q1, aided largely by growth in volume, and mild growth in average order value (AOV) at 1-2 per cent. The company also broke even on an adjusted Ebitda basis during the quarter.
Glaxo SmithKline Consumer Healthcare Ltd has posted a net profit of Rs 105.80 million for the quarter ended December 31, 2002 as compared to Rs 303.90 million in the quarter ended December 31, 2001.
Sensex eneded lower on poor perfromance by financials and IT stocks.
The laggards include FMCG (16 per cent), Energy (37 per cent) and Media (34 per cent).
The mobile data revenue at Rs 2,324 cr registered a growth of 70 per cent
Britannia Industries will take higher grammage cuts instead of increasing prices in a bid to tackle rising inflation, the firm said. The biscuit major took a 10 per cent price hike in financial year 2021-22 (FY22) and resorted to reducing pack sizes as an indirect way of increasing prices. In the previous financial year, the ratio of grammage reduction was 65 per cent, which will be higher in FY23.
However, experts caution that investors should not expect the big returns they got from the sector between March and September 2020.
