Page 16 - India Inc Earnings

India Inc sees winter chill as no big ticket deals in January: Report

Dealmaking activity witnessed a huge decline in January, with only 145 transactions worth USD 2.7 billion being undertaken by India Inc, a report said on Monday. By value, the overall flows suffered due to the absence of any big-ticket deal and were 56 per cent down as compared to USD 6.12 billion in the year-ago period, and 62 per cent down compared to the previous month, the report by consultancy firm Grant Thornton said. The volumes were down 41 per cent when compared with 244 deals in January 2022, while the same were down by 3 per cent as compared to the preceding month of December. "India managed to account for record deal values last year (2022), which made investors hopeful about the future. However, the deal momentum in January 2023 did not match the expectation and witnessed a declining trend," its partner Shanthi Vijetha said. The mergers and acquisition (M&A) deal volumes declined by 62 per cent at 26 deals worth USD 311 million, an 88 per cent decrease compared to ...

Top Headlines: India Inc's profit declines, Ola ride-share's IPO, and more

Business Standard brings you the top headlines at this hour

India Inc's profit declines sharply to 3.48% of GDP in Q2 of FY23

Ratio for manufacturing firms at 9-quarter low of 0.93%

India Inc earnings signal end of deleveraging cycle as borrowings rise

The combined gross borrowings of the 760 companies excluding banking, finance, insurance and stock-broking firms were up 12.2 per cent year-on-year (YoY) during April-September 2022 (H1FY23)

Top headlines: India's exports shrink, Q2 profits down, PM at G20, and more

Business Standard brings you the top headlines this hour

Q2 earnings: Corporate profits decline, a first in nine quarters

The combined net profit of 2,725 listed companies across all sectors was down 6.3 per cent year-on-year (YoY) in Q2 -the first contraction after eight consecutive quarters of YoY growth

TMS Ep299: Banking sector, Passenger aircraft, India Inc in Q2FY23, COP27

What's behind the optimism in India's banking sector? Can India build passenger planes like Boeing and Airbus? How did India Inc fare in Q2FY23? What is COP27? All answers here

How did India Inc fare in Q2FY23?

The September quarter corporate earnings season is near its end with select pockets firmly outshining the weak global outlook, while others lagging behind. How did India Inc fare in Q2FY23?

India Inc's Q2 profit may fall on commodity price pressures: Report

India Inc is expected to report a three per cent year-on-year decline in profits for the July-September period, a report said on Wednesday. This fall in profitability will be the fourth straight quarter of the decline in profits for the listed companies, rating agency Crisil's research wing said. "Profitability...is seen declining 300 basis points (bps) due to elevated commodity prices," the report, based on research of 300 companies from 47 sectors, said. "Rising revenue momentum is not translating into profit margin proportionately," Crisil Research's associate director Sehul Bhatt said. The revenues are expected to rise by 15 per cent during the quarter when compared to the year-ago period, the report said, attributing it to moderate price hikes and steadily rising volumes. It can be noted that starting earlier this week, major companies have been reporting their earnings for the July-September period. On a sequential basis, that is when compared with the performance in Q1, th

Top Headlines: Run-up to Budget 2023-24, India Inc's Q2 earnings, and more

The July-September quarter (second quarter, or Q2) of 2022-23 (FY23) could mark the end of the period of an unprecedented rise in India Inc's earnings in the aftermath of the pandemic

'Investors are building all data points into their market assessment'

Ajay Argal of Franklin Templeton believes that any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger for the markets.

Top Headlines: Stricter framework for FPI owners, India Inc's capex, & more

The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country

Input cost hike compresses India Inc's margin by 213 bps in Q1: Report

India Inc saw a 39 per cent jump in top lines during April-June quarter but their operating margins declined 213 basis points to 17.7 per cent due to input cost inflation, a report said on Monday. While companies passed on higher input costs in the form of commodity and energy cost, leading to revenue growth, the same led to margin compression, rating agency Icra said in a note based on the analysis of 620 listed companies, excluding financial sector entities. Margin compression was attributed to the supply chain disruptions triggered by the war in Ukraine. The report expects margins to recover from the second half. The sample 620 companies reported an aggregate revenue growth of 39.1 per cent on-year in the June quarter, which was optically aided by the low base of the previous year impacted by the second wave of the pandemic. Another major reason for the massive growth is price hikes across several sectors, the agency said. But sequentially, the top line grew by 1.5 per cent and

Top Headlines: India Inc's profits fall; the Big Bull bows out, and more

Corporate earnings grew in double digits during the April-June 2022 (Q1FY23) quarter but the momentum waned

Top Headlines: RBI reverses Covid-era cuts, bond yields surge, and more

The six-member Monetary Policy Committee (MPC) of the RBI hiked the policy repo rate by 50 basis points to 5.4 per cent - a three-year high - owing to inflation concern

Top Headlines: Inflation impact on India Inc profit, new SEZ law, and more

The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip

Q1 early-bird results show inflation effect on India Inc's profits

First sequential contraction in corporate earnings after 4 quarters of expansion

'India Inc staring at 3rd consecutive qtr of profit margins squeeze in Q1'

India Inc is staring at the third consecutive quarter of a year-on-year drop in profit margins for the April-June 2022 period, a Crisil Ratings arm said on Monday. Operating profit margins have likely fallen by 2-3 percentage points for the June quarter as compared to the year-ago period, Crisil Research said after analysing 300 companies excluding those from financial services and oil and gas sectors. It said almost half of the 47 sectors it tracks are likely to show a contraction in margins. Corporate revenues are estimated to have logged a healthy growth of 30 per cent on-year in the first quarter, largely supported by price hikes and moderately rising volumes, it said. The rating agency estimates come ahead of earnings for the June quarter by a majority of companies, which come amid adverse events like the impact on commodities because of the geopolitical tensions and depreciation in the Indian rupee to record lows. Operating profit margins in construction-linked sectors are ..

TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect

Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).

'Long-term capital gains tax relief will be a game-changer for the markets'

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.