Page 2 - Corporate Earnings

Boom time for companies: What record profits may mean for govt's revenue

If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be wrong with corporation tax, writes T N Ninan

TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts

The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.

LG forecast to see record sales in Q4 on strong home appliance biz

LG Electronics has estimated that its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink

Samsung Electronics Q4 profit jumps on server chip demand, foundry margins

SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely jumped 52% on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing.

D-Mart reports 21.96% increase in revenue at Rs 9,065.02 cr in Q3

The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing

Acquisitions, strong growth outlook likely to limit downside for Wipro

Prior to the recent rally, the stock had been an underperformer

US Fed's taper talk likely to keep the bulls in check on Dalal Street

This is expected to suppress valuations in India; decline in P/E may nullify gains from rise in corporate earnings

Morgan Stanley sees Sensex at 70,000 level by December 2022

The research and brokerage house had recently downgraded India to equal-weight in their global emerging markets (GEMs) country portfolio.

Arcelor Mittal reports strongest quarter in more than a decade

The company said it expects global steel demand to grow by between 12% and 13% this year, excluding China, where real demand has weakened

SoftBank Group shares jump 10% on $9 billion buyback announcement

The buyback is SoftBank's second largest after a record 2.5 trillion yen buyback launched during the depths of the COVID-19 pandemic last year

Sensex slips 109pts; Broader markets outperform, Allcargo zooms 20%

Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday

Tata Motors loss widens to Rs 4,415 crore in September quarter

Tata Motors said the waiting time period for vehicles is around six to eight weeks, while for electric vehicles it is running up to six months

Fag-end buying in IT, banks lifts Sensex 831 pts at 60,138, Nifty at 17,930

The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent

Amazon Q3 earnings suffer as growth slows, costs rise

Supply chain woes are also costing Apple Inc - $6 billion in sales during the company's fiscal fourth quarter

GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore

The company had reported a net profit of Rs 76.47 crore in the same period of the previous fiscal

Nazara Technologies Q2 net profit rises 9.8% to Rs 14.5 crore

Its revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period

Adani Transmission net up 35% to Rs 289 crore in September quarter

Total income stood at Rs 2,675.20 crore in the quarter as against Rs 2,306.45 crore in the year-ago period

Dixon Technologies Q2 profit up 19.6% to Rs 63 crore; revenue up 71%

Total expenses were at Rs 2,724.50 crore, up 73.84 per cent from Rs 1,567.18 crore earlier

Apple sales miss expectations, Cook says supply issues cost company $6 bn

Tim Cook said that the impact will be even worse during the current holiday sales quarter

Ford Motor posts stronger-than-expected profit, raises full-year forecast

Ford's net income was $1.8 billion, down from $2.4 billion a year earlier