Declining trend in royalty payment unlikely to cushion the fall
Revenue growth prospects, however, remain strong driven by multiple factors
According to the company, its business was robust as all categories and geographies showed continued momentum
Income down 8.5% to Rs 93,818 cr, revenue from operations declines 6.3% YoY to Rs 90,026 cr
Dewan Housing Finance Corporation (DHFL) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021.
The management believes that recent one-off events would materially impact the costs of the affected projects under execution, impacting margins for the year end March 31, 2021
Den Networks on Friday reported 50.56 per cent rise in consolidated net profit at Rs 33.89 crore for the fourth quarter ended March 31, 2021.
Early trends in corporate earnings hold out hope
Nippon Life India Asset Management (NAM India) on Wednesday reported a 42 per cent jump in profit after tax at Rs 212 crore for three months ended December 31, 2020.
The revenue of the company was fully generated from services called 'other data processing, hosting and related activities' and other information technology services
Valuations too leave little upside from current levels
Peak margin reporting will raise intraday traders' costs; may compel them to adopt hedged strategies
The numbers looked at the aggregate performance of 1,435 companies excluding those from the banking and finance sectors
Sectors like airlines, hotels, retail, automotive, consumer durables which represent discretionary spending were significantly impacted
There are countless examples of corporates supporting horrible regimes. United Fruit, Shell, Rio Tinto are some of the better known cases
Shift in consumers' preferences to value-based purchase and extension of 'end of season sale' compound retailers' woes
The impact on Infosys, Wirpo and HCL Tech would be in the range of 60-90 basis points