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Dena Bank disappoints Q2 with net loss of Rs 44.32 crore
Sat, Nov 05, 2016
Dena Bank's reported net loss of Rs 44.32 crore for the second quarter September 30, 2016, compared to net profit of Rs 38.76 crore in the corresponding period of the previous year. However, the Q2 net loss has narrowed against net loss of Rs 279.35 crore reported in the preceding quarter.
Facebook skids on growth worries after blowout quarter
Fri, Nov 04, 2016
Facebook shares tumbled on Thursday after the huge social network delivered a blockbuster earnings report but warned that its stunning growth pace was set to slow. At the close of trade, Facebook shares slid 5.7% to $119.95.
Maruti Suzuki net profit rises by 60% to Rs 2398 crore
Thu, Oct 27, 2016
Maruti Suzuki second quarter performance of this fiscal beats estimates by reporting net profit of Rs 2398 crore, a growth of 60.2% from Rs 1497 crore in the corresponding period of the previous year.
Idea's net profit slumps 88% due to fierce competition
Mon, Oct 24, 2016
Idea Cellular in its Q2 results reported an 88% decline in its net profit as fierce competition in the telecom industry saw it offering cheaper voice and data plans. The company's net profit declined to Rs 91.4 crore in Q2 FY17 from Rs 762.2 crore in the same quarter last year.
Mastek shares soar 14% on robust Q2 net profit
Tue, Oct 18, 2016
Abhishek Singh, Group CFO, Mastek said,"The financial performance was in line with our expectations. The margin improvement initiatives started in prior quarters have started to yield result. While we expect topline to be under pressure due to adverse movement in GBP, we expect the profitability momentum to continue in H2 FY17."
Ultratech Cement net profit rises by 25% to Rs 614.30 crore
Mon, Oct 17, 2016
Ultratech Cement reported consolidated net profit of Rs 614.30 crore for second quarter September 30, 2016 (Q2FY17), a rise of 25.26% year-on-year (yoy) but a decline of 21.25% quarter-on-quarter (qoq).
Infosys profit jumps but shares crack as company cuts revenue guidance
Fri, Oct 14, 2016
Expects FY17 revenue to rise 8%-9% in constant currency terms versus 10.5%-12% earlier outlook
Festive demand, Pay Commission to boost auto sector's second quarter numbers
Tue, Oct 11, 2016
Hitesh Goel and Nishit Jalan analyst of Kotak Institutional Equities said, “We expect a strong quarter for automobile companies in our coverage universe led by strong demand as manufacturers push inventory ahead of the festive season.”
This is how India Inc's second quarter performance may shape up
Mon, Oct 10, 2016
Prasad Koparkar, Senior Director, CRISIL Research said," The second quarter, we expect sectors focused on urban and rural consumption such as automobiles and retail, along with pharmaceuticals and IT services, to record double-digit revenue growth.”
Cox & Kings consolidated net profit declines by 24% to Rs 108 crore
Tue, Aug 30, 2016
Peter Kerkar, Director of Cox & Kings said," We have posted robust results despite a series of adverse events in Europe, a weaker rupee against the euro and the dollar and are poised to grow substantially across business lines."
Shines in Q1FY17: DLF's net profit rose two-times higher to Rs 261 crore
Mon, Aug 29, 2016
The real estate-giants consolidated net profit clocked over two-folds jump to Rs 261.42 in Q1FY17 against Rs 125.87 crore in the corresponding period of the previous year.
NTPC's net profit rises by 4%; shares down
Mon, Aug 22, 2016
NTPC reported net profit of Rs 2369.53 crore for June quarter ended 2016 (Q1FY17), witnessing a rise of 4.08% from Rs 2276.50 crore in the corresponding period of the previous year.
Power Grid's net profit rises by 33%; shares up
Tue, Aug 16, 2016
Power Grid reported net profit of Rs 1801.77 crore for the quarter ended June 2016 (Q1FY17), a rise of 32.90% from Rs 1355.64 crore in the similar quarter of the previous year.
IT sector slows in Q1 but low debt to save the day this fiscal
Sat, Aug 13, 2016
Major Indian IT companies had a sluggish first quarter in the current fiscal year 2017 (FY17), a performance that was expected, say the experts and analysts at India Ratings.
Mahindra & Mahindra reports 12% rise in net profit; shares down
Wed, Aug 10, 2016
M&M said on exchange that, "led by the positive outlook on consumer demand as well as renewed reform efforts by the government in recent months, business confidence is now ticking up and could lead to recovery in private capital expenditures towards the last quarter of this fiscal."
Lupin shares fall despite 55% rise in Q1 net profit
Tue, Aug 09, 2016
Commenting on the results, Nilesh Gupta, Managing Director, Lupin Limited, said “This was a record quarter, driven by robust growth across all our key markets – the United States, India and Japan. We remain committed to maintaining our growth trajectory given new product launches and approvals driven by strategic investments in technology and research.”
Colgate Palmolive Q1 net profit rises by 8%
Mon, Aug 08, 2016
Issam Bachaalani, Managing Directors at Colgate-Palmolive (India) said, “At Colgate, we are always striving to customize our innovations to meet the consumer’s needs. The stream of the innovations launched by the company during this quarter echo our sustained promise to growing the oral care category by building new segments base on consumer insights, our years of experience, advanced technology and progressive products.”
Hero MotoCorp's Q1 net profit soars 18%
Mon, Aug 08, 2016
For the June quarter, the company sold two-wheelers of around 17,45,389 units, a rise of 6.04% compared to 16,45,867 units sold in corresponding period of the previous years. It also rose by 1.40% against 17,21,240 units sold in preceding quarter.
Voltas records 54% rise in Q1FY17 net profit
Tue, Aug 02, 2016
The consolidated top-line was tapped by robust performance in segment such as unitary Cooling Products for Comfort and Commercial use, rising by 28.86% to Rs 1195.62 crore in this quarter from Rs 927.81 crore in June,2015.
PVR's Q1FY17 declines 1.60% yoy to Rs 43 crore
Fri, Jul 29, 2016
While operating profit (EBITDA – earnings before interest tax depreciation and amortization) stood at Rs 116.65 crore, up by 5.41% yoy. It also jumped nearly three-times on quarter-on-quarter basis. PVR's operating profit margin (OPM) was around 20.45%, contracting by 231 basis points (bps) yoy but expanding nearly 1000 bps qoq.