Page 8 - Earnings Growth

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing

Quarterly earnings, global trends to guide equity mkts this week: Analysts

Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. "The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results. Pre-Budget expectations are also likely to influence the sector and stock-specific movements," Santosh Meena, Head of Research, Swastika Investmart Ltd said. As the market gears up for the Budget, institutional flows will play a crucial role in determining its direction, he added. WPI inflation data for December is scheduled to be announced on Monday. "On the global front, macroeconomic data from the US and China, along with movement in the dollar index, US bond yields, and c

As interest rates rise, zombie companies haunt India Inc

The waters are rising for firms whose earnings are not enough to repay debt

FPI gross purchases hit a high in 2023 on strong earnings, economic growth

Foreign portfolio investors were net sellers in the first two months of 2023 but turned buyers in March amid moderating valuations

BharatPe turns EBITDA positive, clocks Oct 2023 as first profitable month

Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines

Market share gains, margins and store network expansion to support Titan

Valuations may continue to trade at a premium

Market share gains, margins and store network expansion to support Titan

The company delivered a better than expected performance in Q2FY24 on the back of healthy revenue growth and expansion in operating profit margins

Global demand headwinds could weigh on Bharat Forge, says analysts

Analysts have cut the company's earnings per share estimates to factor in the slow recovery of its overseas subsidiaries. Valuations too, are trading at long-term averages which could limit upsides

Zydus Lifesciences Q2 profit jumps 53% on strong domestic, US demand

Total revenue from operations rose 9.1 to Rs 4,369 crore, boosted by the strength in US formulation segment, which constitutes 44 of the business

Shares of Sun Pharmaceutical jump over 2.5% on strong Q2 earnings

Shares of Sun Pharmaceutical Industries on Wednesday climbed over 2.50 per cent after the company said its consolidated net profit increased 5 per cent for the September quarter. The stock gained 2.52 per cent to settle at Rs 1,116.15 on the BSE. During the day, it jumped 2.90 per cent to Rs 1,120.30. At the NSE, it rallied 2.53 per cent to Rs 1,116.20. The stock emerged as the biggest gainer on both the Sensex and Nifty. The company's market valuation zoomed Rs 6,579.9 crore to Rs 2,67,795.49 crore. Sun Pharmaceutical Industries on Wednesday said its consolidated net profit increased 5 per cent to Rs 2,375 crore for the second quarter of the current fiscal, driven by robust sales across domestic and US markets. The drug major had reported a net profit of Rs 2,262 crore in the year-ago period. Total revenue from operations increased to 12,192 crore in the quarter, as compared to Rs 10,952 crore in the year-ago period, Sun Pharma said in a regulatory filing. Sun Pharma Managing

Tata Elxsi Q2 results: Profit rises 14.8% on uptick in transportation biz

The company's net profit rose 14.8% year-on-year to Rs 200 cr ($24.03 million), while revenue from operations climbed to Rs 882 cr

Godrej Interio aims Rs 450 crore revenue from north India by FY26

Godrej Interio, a leading furniture and interior solutions brand, said it aims to generate Rs 450 crore revenue from northern India by FY26. Besides, it also looks to almost double its market share in the organised furniture sector in Delhi-NCR, the biggest market in north zone, within the next three years, said a statement from the company, owned by Godrej Group flagship company Godrej & Boyce. The company is expanding its sales network in the northern market, adding 15 new stores in current fiscal, taking the total number of stores to 35 across the northern market. "At present, we have 18 per cent market share of the organised furniture sector in Delhi-NCR, and we intend to attain a 35 per cent share within the next three years. We aim to generate revenue of around Rs 450 crore from northern India by FY26," said Godrej Interio Senior Vice President (B2C) Dev Sarkar. Moroever, with the introduction of specialised home furniture and home storage solutions, the company is ...

Wall Street rallies, Treasury yields rise as high profile earnings loom

All three major U.S. indexes started the session with solid gains in a broad rally that favored economically sensitive sectors such as transports, consumer discretionary and materials

Big Tech's profit to jump 34%, will prop up S&P 500 earnings: Analysts

After slashing thousands of jobs to cut costs, the biggest US technology and internet companies are pumping out profits similar to those generated two years ago

Results preview: Profit of capital goods cos may stay the course in Q2

Margin improvement anticipated in Q2FY24 results amid lower costs

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

Accenture forecasts fourth-quarter revenue below Wall Street estimates

Shares of the company were down 2% in trading before the bell

Statsguru: Six charts explain RBI's annual earnings report for FY23

The RBI is set to transfer over Rs 87,000 crore to the government. Budget estimates for dividends from the RBI, nationalised banks, and financial institutions were Rs 48,000 crore

Time to book profit now; buy when Nifty hits 16,000: BofA Securities

The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.

Railways earns Rs 2,242 cr from senior citizens by suspending concession

The Railways has earned an additional revenue of around Rs 2,242 crore from senior citizen travellers in 2022-23 by revoking concession offered to them, an RTI response has found. The national transporter had generated Rs 1,500 crore in excess between March 20, 2020 -- when the assistance was suspended after the onset of the Covid pandemic -- and March 31, 2022. In its reply to a Right to Information (RTI) query filed by Madhya Pradesh-based Chandra Shekhar Gaur, the Railways said that between April 1, 2022 and March 31, 2023, it did not offer concessions to almost eight crore senior citizens which included about 4.6 crore men, 3.3 crore women and 18,000 transgenders. The total revenue from senior citizen travellers during the period is Rs 5,062 crore which includes an additional Rs 2,242 crore, earned due to the suspension of the concession, according to the RTI reply. For the Railways, the earnings from senior citizen fares has increased at a steady pace. Between March 20, 2020 a