Page 16 - Corporate Earnings

Tata Chemicals' Q1 net profit drops 67% to Rs 74 cr due to poor sales

The company had posted a net profit of Rs 78.52 lakh for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE

RIL posts 31 % YoY rise in Q1 consolidated net profit at Rs 13,233 crore

Revenue from operations came in at Rs 91,238 crore, down 43.8 per cent from the June 2019 quarter

Dr Reddy's Labs advances 4%, hits a record high on healthy Q1 numbers

The company's consolidated revenues rose 15 per cent to Rs 4,418 crore, mainly due to growth in US formulations

Persistent Systems zooms 18%, hits 52-week high on strong June quarter nos

In US dollar terms, revenue grew 9.5 per cent YoY to $131.02 million. Sequentially, the numbers increased by 3.1 per cent.

Tech Mahindra Q1 preview: PAT may dip 30% YoY; opportunities in 5G eyed

Analysts at IDBI Capital forecast CC revenue decline of nearly 8.8 per cent QoQ

MARKET WRAP: Sensex ends 399 pts up; Nifty reclaims 11K; IT stocks surge

All that happened in the markets today

Pharma firms likely to report mixed performance in Q1 on Covid-19, lockdown

Companies with higher exports are likely to benefit due to the rupee depreciation against the US dollar.

Total turnover of Amul-branded products crosses Rs 52,000 cr: GCMMF

The consolidated turnover of the Amul brand of products exceeded Rs 52,000 cr in 2019-20, the Gujarat Cooperative Milk Marketing Federation, which sells and produces Amul products, said

HDFC Bank net profit up 20% in April-June, provisions increase by 49%

The bank's net revenue grows 8% from Rs 18,264.5 in the same quarter last year to Rs 19,740.7 crore

HCL Tech to announce Q1 result today; here's what brokerages expect

HCL Tech, according to ICICI Securities, is expected to report 8 per cent quarter-on-quarter (QoQ) dip in dollar revenues to US$2339 million

Britannia Q1 preview: Revenue may rise up to 22% on strong volume growth

The net profit of the company is estimated to jump up to 62 per cent year-on-year (YoY) owing to lower tax rate benefit.

Private banks stare at washed-out Q1; moratorium, Covid-19 provisions eyed

Extension of moratorium, ICICI Securities points out, till August would push recognition of pain points, thereby leading to benign slippages and stable headline non-performing asset (NPA) numbers

Mindtree Q1 net profit grows 129.8% YoY at Rs 213 crore; revenue rises 4%

In US dollar terms, revenue stood at $253.2 million, down 4.1 per cent YoY and 9 per cent QoQ.

IFCI's consolidated net loss widens to Rs 584 crore in March quarter

Infrastructure term lender IFCI Ltd reported a widening of its consolidated net loss to Rs 584.19 crore for the quarter ended March 2020

Emami's March-quarter net profit down 59.5% to Rs 23 crore

Homegrown FMCG firm Emami Ltd on Friday reported a 59.44 per cent decline in its consolidated net profit to Rs 22.75 crore for the March quarter due to decline in sales because of coronavirus-induced lockdown. The company had posted a net profit of Rs 56.09 crore during the January-March quarter of 2018-19,Emami said in a regulatory filing. Its revenue from operations was down 16.81 per cent to Rs 532.68 crore during the quarter under review as against Rs 640.35 crore in the corresponding period of the previous fiscal. The pandemic and the lockdown led to a sharp decline in consumption due to rising unemployment and a significant drop in demand from low-income groups, the Kolkata-based firm said. This led the consumers shift towards more essential items like food, groceries and hygiene products thereby affecting the sale of its discretionary line of products. All these developments arising out of an unprecedented and extraordinary environment that prevailed across the globe, impac

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

Suzuki Motor beats estimate with $2-billion profit, steps up dividend

Suzuki, the country's No. 4 automaker, declined to give an earnings forecast for the current business year, citing uncertainties about the longer term impact of the coronavirus on its operations.

Top 10 biz headlines: Weak corporate earnings, restarting economy and more

From coronavirus impact on various sectors to how electronics majors are looking for ways to revive sales, here are the top ten business headlines of the day

Brokerages slash India Inc's FY21 earnings estimates amid coronavirus scare

Taking into account the current slow economic growth and changes in the prices of commodities, analysts at Nomura estimate 10% and 8% downside risk to FY21 and FY22 consensus' earning estimates