The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Markets are expected to open tad higher today but further gains could be capped as investors may remain cautious ahead of the Reserve Bank of India's monetary policy tomorrow.
Q1 consolidated profit jumped 43% YoY at Rs 40 crore due to lower raw material and finance cost.
The broader markets traded lower with mid-caps and small-caps falling over 1 per cent on the BSE.
The miner recorded a meagre production growth of 0.4% during the April-June quarter, recording a cumulative output of 102.87 MT.
The company said the fall of its share price is unexpected and unwarranted.
HDFC Bank, HUL, SBI, TCS and Coal India weigh on the indices
Gross NPA rose to 4.84% in June 2013 quarter against 3.34% in year ago quarter.
The stock currently trading at its lowest level since April 2012, has fallen 41% in past 7-trading days as compared to 0.57% fall in S&P BSE Sensex.
Markets trimmed most of the early gains and were trading flat in early noon deals, amid weak Asian cues, as gains in index heavyweights help offset losses in Hindustan Unilever and select bank shares.
Q1 consolidated profit at Rs 94 crore against analyst estimates of Rs 82 crore mainly on account of strong performance in the biopharma segment.
On NSE and BSE a combined 4.68 million shares representing 22% of free-float of total equity of the company changed hands till 1023 hours.
Q1 EBITDA margin contracted by 370bp yoy to 2.9% primarily due to increase in employee cost and other expenses.
The company has posted net profit Rs 5 crore in June 2013 quarter against the loss of Rs 39 crore in year ago quarter.
Markets trimmed early gains and were trading flat as weak Asian cues weighed on investor sentiment.
The transaction is in line with the DLF's ongoing strategy to divest non-core assets, DLF said in a statement.
Markets are expected to open firm but further gains may be capped on weak Asian shares.
EBITDA or operating margin for the quarter expanded to 29.9% in Q1 FY2014 from 27.7% in Q1 FY13.
ITC stock had outperformed the market, rallied 20% in past one month as compared to 8% rise in benchmark Sensex till yesterday.
The Sensex and Nifty have touched an intra-day low of 19,858 mark and 5,925 levels, respectively.
Q1 profit down 21% yoy at Rs 194 crore against Rs 246 crore in year ago quarter.