Page 12 - Corporate Earnings

Starbucks sales miss as coronavirus spike keeps customers at home

The world's largest coffee chain's global same-store sales fell 5 per cent in its first quarter, which ended December 27, more than analysts' estimates of a 3.4 per cent decline

HUL's revenue, net profit, volume surge in Dec quarter as demand picks up

Volume growth at 4%; urban markets buoyant

Swiggy's revenue jumps 115% to Rs 2,776 cr, losses up 61% to Rs 3,768 cr

The Bengaluru-based food delivery giant's total expenses for the fiscal were reported as Rs 6,545 crore

Turnaround time

Early trends in corporate earnings hold out hope

United Spirits Q3 consolidated net profit rise nearly 21% to Rs 280.3 cr

Diageo-controlled liquor maker United Spirits Ltd (USL) on Wednesday reported a 20.82 per cent rise in consolidated net profit at Rs 280.3 crore for the third quarter ended December 2020. The company's board, on Wednesday, also approved the succession plan to appoint Hina Nagarajan as the Chief Executive Officer - Designate of the company from April 1. USL had posted a net profit of Rs 232 crore in the 2019 December quarter. The company's revenues from operations jumped 7.65 per cent to Rs 8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at Rs 7,812.3 crore, according to a regulatory filing. However, total expenses climbed to Rs 8,074.5 crore in the third quarter of the current fiscal as against Rs 7,503.3 crore in the same period a year ago. "Operational resilience, contextual marketing with focus on in-home occasions and renovation of our core brands supported the top-line recovery," Diageo India MD & CEO Anand Kripalu said. The third quarter

Axis Bank Q3: Profit may jump up to 83% YoY; asset quality could take a hit

Limited Covid-19 provisioning in the quarter may shore up profit of Axis Bank, analysts at Edelweiss Securities said in their result preview report

NextEra Energy posts loss on $1.2 billion Mountain Valley pipeline charge

The natgas pipeline, owned by units of Equitrans Midstream Corp and NextEra, among others, is currently estimated to be in service by late 2021

Lockheed Martin misses profit estimates on lower F-35 deliveries

Shares of the company fell 1.2% in premarket trading, after the company said fourth-quarter deliveries of its F-35 jets fell 17.6% from 51 jets a year earlier

3M profit beats on higher demand for personal safety, home care products

3M has seen robust demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections

General Electric tops free cash flow estimates, offers upbeat 2021 outlook

The Boston-based industrial conglomerate predicted a free cash flow of $2.5 billion to $4.5 billion this year after generating cash flow of $4.4 billion in the fourth quarter

Subdued Q3, few near term triggers to keep RIL stock under pressure

Debt reduction, gains from digital priced in

Reliance Industries Q3 consolidated PAT at Rs 13,101 cr, up 12.5% YoY

Topline takes a hit by 21% as Covid-19 impacts operations, sales

Reliance Retail Q3 revenue declines 9.7% to Rs 33,018 crore; profit surges

Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company's retail revenues, has been demerged

Reliance Jio net profit rises 15.5% to Rs 3,489 crore in December quarter

Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter

Reliance Retail pre-tax profit rises 11.8% at Rs 3,102 crore in Q3

The retail arm of Reliance Industries had posted a pre-tax profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 2,736 crore in October-December quarter a year ago

Siemens reports stronger than expected results, to review outlook

The trains-to-factory software maker said it would review its outlook for fiscal 2021 when it publishes its first-quarter earnings in full on Feb. 3.

Biocon posts 19% dip in Q3 net profit as generics biz takes a hit

Biocon's consolidated revenue for Q3 of FY21 increased by 7.20 per cent at Rs 1878.9 crore as against Rs 1752.6 crore for the said quarter last year

Asian Paints Q3 profit surges 62% to Rs 1,238 crore, revenue grows 25%

Consolidated revenue from operations increased 25.2 per cent to Rs 6,788.5 crore in Q3, compared with Rs 5,420.3 crore last year

HCL Technologies dips 2% on profit booking post December quarter results

The firm said it expects revenue to grow between 2 per cent to 3 per cent in constant currency terms for Q4FY21

Bright outlook: Sun Pharma to Cipla, drug firms set for Q3 health boost

Analysts expect earnings growth to be in the range of 30-40 per cent for drug firms owing to both domestic recovery as well as strong export opportunities