Page 4 - Corporate Earnings

Sensex sprints 569 pts, ends at 61,306; Nifty atop 18,300; IRCTC gains 11%

The BSE m-cap stood at Rs 272.8 trillion by close

JPMorgan edges closer to leaving pandemic behind, its earnings show

(Reuters) -JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential loan losses during the coronavirus pandemic.

BSE m-cap hits Rs 271 trillion as Sensex soars 453 pts; Tata Motors up 21%

Sectorally, all but the Nifty Realty index ended the session in the green led by the Nifty Auto index (up 3.4 per cent).

Fag-end buying lifts Sensex 149 pts; Nifty near 18K; Titan soars 6%, SBI 3%

Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index

Titan registers strong recovery in demand in Q2 FY22

Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter, and its sales in most of its divisions have either reached above or close to pre-pandemic levels

Easing burden: Amount borrowed by non-financial firms fell 5.6% in FY21

The numbers also suggest a big jump in India Inc's cash pile or cash reserves

D-Mart's revenue up 46.6% to Rs 7,649.64 crore in second quarter

Avenue Supermarts, which owns retail chain D-Mart, has reported a 46.6 per cent increase in its standalone revenue from operations at Rs 7,649.64 crore for the second quarter ended September 2021

Markets factoring good show by India Inc in September quarter: Atul Bhole

Among sectors, the BFSI sector can throw up a positive surprise for the investors in terms of performance and the ensuing guidance

LG Electronics to post solid Q3 earnings on home appliance biz: Analysts

LG Electronics Inc. is likely to report solid third-quarter earnings, analysts said as its mainstay home appliance business is expected to offset a slump from vehicle components and B2B units.

Markets are now looking at FY23 earnings: Yogesh Patil of LIC MF Asset Mgt

In a Q&A, the head of equity at the fund shares his investment strategy and key takeaways from the June 2021 quarter results of India Inc

Pharma companies lead topline growth in Q1FY22: ICICI Direct Research

Corporate earnings for April-June were robust despite the second wave of Covid-19 and a report by ICICI Direct Research showed that topline growth during quarter was led by pharmaceutical companies

Is India Inc's Q1 show a glimpse of what awaits Street in FY22?

India Inc earnings losing momentum as demand recovery falters, shows Q1

Sequentially, combined net profit down 12.4%, net sales by 7.8%

Global trends to dictate equity markets in holiday-shortened week: Analysts

With corporate earnings season largely over, equity investors would focus on global trends for further direction in a holiday-shortened week ahead, analysts said

Market rally driven by strong Q1 show: MD-CEO, Motilal Oswal Private Wealth

In a Q&A, Ashish Shanker says market moves will mirror the likely earnings growth of 12-15 per cent for the next few years

Motherson Sumi reports Q1 consolidated net profit at Rs 367.65 cr

Auto components major Motherson Sumi Systems Ltd (MSSL) on Tuesday reported a consolidated net profit of Rs 367.65 crore from continuing operations in the first quarter ended June 30

Low base effect: JSPL reports 10-fold rise in profit to Rs 2.5K crore

Jindal Steel and Power Ltd (JSPL) on Tuesday said its consolidated net profit jumped over 10 times to Rs 2,516 crore during June 2021 quarter. The company's "net profit after tax from continuing operation" during the April-June 2020 quarter had stood at Rs 236 crore, JSPL said in a regulatory filing. Its total income in April-June 2021 also jumped to Rs 10,643.17 crore, from Rs 6,519.27 crore in the year-ago period. Total expenses stood at Rs 7,233.55 crore, compared with Rs 6,147.90 crore a year ago. Part of the O.P. Jindal Group, JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.

Eveready Industries Q1 consolidated net profit up 21% to Rs 30.13 cr

Batteries and flashlights maker Eveready Industries India Ltd on Tuesday reported a 21 per cent increase in consolidated net profit at Rs 30.13 crore in the first quarter ended June 30.

Kalyan Jewellers Q1 consolidated loss narrows to Rs 51 crore

Jewellery retailer Kalyan Jewellers on Tuesday reported a narrowing of its consolidated loss to Rs 51.30 crore for the quarter ended June. The consolidated loss of the company stood at Rs 85.87 crore during the corresponding quarter of 2020-21, Kalyan Jewellers said in a regulatory filing. Revenue from operations of the company witnessed a growth of 109.19 per cent during the quarter under review at Rs 1,636.77 crore, compared to Rs 782.40 crore during the corresponding period of the previous fiscal. The company said the growth in revenue was primarily driven by robust sales momentum across stores both prior to, and post lockdowns in the recently concluded quarter, as well as a low base in the last financial year. While the India revenue grew by 94 per cent, the Middle East growth was 183 per cent, it added. "The outcome of the first quarter has been above our expectations and we are happy with the overall performance. The pace of demand recovery witnessed in the just concluded ..

Max Healthcare posts Q1 consolidated net profit of Rs 146.92 crore

Max Healthcare Institute on Tuesday reported a consolidated net profit of Rs 146.92 crore for the quarter ended June 30, 2021.