The contraction is likely to have been caused by a margin compression for banks and manufacturers and a further slowdown in revenue growth
GIFT Nifty hinted at a gap-up start. As of 6:48 AM, GIFT Nifty futures were up 378 points at 22,642, compared to the previous Nifty futures close of 22,263.
FY26 may see a modest recovery in earnings growth after a period of bottoming out
Leading sporting goods retailer Decathlon generated over Rs 4,000 crore revenue in India and became profitable in FY24 posting gains of Rs 197.19 crore, according to an RoC filing by the company. Decathlon Sports India Pvt Ltd has reported its revenue from operations at Rs 4,008.26 crore, up 2.24 per cent for the financial year that ended on March 31, 2024. It had reported a loss of Rs 18.61 crore in FY23 and its revenue from operations was at Rs 3,920.31 crore on a standalone basis, according to financial data accessed through the business intelligence platform Tofler. The company's total income was at Rs 4,066.40 crore in FY24 -- the highest for Decathlon Sports in India in the last five years -- reaching nearly half a billion USD from sales. Its operating revenue in FY22 was at Rs 2,897.77 crore, Rs 2,049.28 crore in FY21, and Rs 2,208.39 crore in FY20. Decathlon Sports India is a subsidiary of leading French sporting goods retailer Decathlon SE. It mainly engaged in the tradin
While sectors like services and telecommunications have continued to increase engagement, the overall number of meetings across companies has fallen by over 7.4 per cent from its peak
The rise in ABB India share came after the company announced a strong set of results in the fourth quarter of calendar year 2024 (Q4CY24)
While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth
The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans
Suzlon Energy shares have jumped 16 per cent over the last three trading sessions on the back of robust Q3FY25 results, which were supported by strong execution
On the bourses, at 12:45 PM, Maruti Suzuki share was trading 0.21 per cent lower at Rs 11,965.15 per share. In comparison, BSE Sensex was trading 1.01 per cent higher at 76,128 levels
Goldman Sachs reportedly has maintained a 'Buy' rating and increased its target price to Rs 12,580, up from Rs 12,460, citing volume recovery and lower costs contributing to margin improvement
JSW Steel is expected to face a challenging Q3FY25, with analysts forecasting weaker earnings due to softer steel prices and subdued demand
Nomura, which previously downgraded the stock to Neutral in Q2FY25 due to concerns about surrender value impact, slowing growth, and higher valuations, has now upgraded its rating to 'Buy'
CEAT's consolidated net profit (Bottomline) plunged 46.5 per cent year-on-year (Y-o-Y) to Rs 97.1 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 181.5 crore in Q3FY24
Residual benefits from last July's tariff hike, Indus consolidation to help telco
HCLTech's Q3FY25 performance is expected to reflect steady growth despite industry challenges such as furloughs and cross-currency headwinds
Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25
Packaging materials and solutions company Uflex Ltd has reported a consolidated net loss of Rs 64.58 crore for the second quarter ended September 30, 2024. The company had posted a net profit of Rs 63.31 crore during the July-September quarter a year ago, Uflex said in a late-night regulatory filing on Wednesday. However, its revenue from operations was up 14.66 per cent to Rs 3,781.03 crore in the September quarter. It was at Rs 3,297.45 crore in the corresponding period of the previous fiscal. Uflex's total expenses increased 15.60 per cent in the September quarter of this financial year to Rs 3,791.57 crore. The total income of Uflex was up 13.68 per cent to Rs 3,853.21 crore. Its revenue from 'Flexible Packaging Activities' was up 13.71 per cent to Rs 3,752.57 crore in the September quarter of this financial year. Uflex's revenue from engineering activities was up 53.59 per cent to Rs 130.60 crore in the June quarter. During the quarter Uflex's sales volume was at 66,927 MTP
Domestic brokerages expect Hero MotoCorp to show strong year-on-year (Y-o-Y) growth in revenue and profitability, driven by volume increases, improved realisations, and a favourable product mix
Company reports assets under management of Rs 12,310 cr, expects number to be around Rs 13,500 by end of FY25