India Inc Q4

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

Sales declined 33.29 per cent to Rs 1,569.57 crore as against Rs 2,353 crore in the corresponding quarter of the previous fiscal.

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

ONGC had logged a profit before tax (PBT) of Rs 11,691 crore in the corresponding period of FY19.

Earlier this month, the state-run company said it was looking at opportunities for optimising its capital and operational expenditures.

The company's margin improved on the back of stronger performance in the early part of the quarter.

Except for finance and software players, companies report a combined loss of Rs 2,700 crore in Q4, the first in at least 24 quarters

Experts point out the basic philosophy of the Code is to refer to the commercial wisdom of the CoC

During the period under review, ITC's stock surged dipped 27.7 per cent as compared to a 9 per cent fall in the NIfty FMCG index.

Sebi has also extended deadline for filing half-yearly and annual results for entities that have listed NCDs, non-convertible redeemable preference shares and commercial papers (CPs) to July 31

Last month, the company, in a business update, had informed that the lockdown and restrictions imposed on various activities due to the Covid-19 pandemic had posed challenges to all its businesses.

Usually, Q4 is an execution-heavy quarter for capital goods players, but the lockdown has affected execution and deliveries for most companies.

In April, Britannia announced an interim dividend of Rs 35 per share for the financial year 2019-20.

Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years

With a 7% fall in volumes, topline declined by 9% and pre-tax profit by 11%; analysts see more pressure in coming quarters

Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4

From profitability perspective, operating margins also narrowed 0.78 per cent to 16.8 per cent during the period, but were up 0.93 per cent on lower commodity prices and price hikes