Analysts at IDBI Capital forecast CC revenue decline of nearly 8.8 per cent QoQ
To offload 4% stake in ICICI Securities. Made Covid-19 related provisions of Rs 5,550 cr in the quarter
The bank had reported net profit of Rs 1,908 crore in the same quarter last year
Valuation discount to peers and recovery in certain pockets bode well
Revenue down by 43% and PBT 70%; scepticism is around sustenance of volume recovery
Since the end of April, operations have gradually been ramped up, and in the months of May and June JSW Steel facilities operated at an average capacity utilisation of 80 per cent
Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore
The company said its cigarettes business clocked a revenue of Rs 4,330.05 crore in the first quarter, against Rs 6,141.92 crore a year ago
Revenue from Home Improvement was at Rs 52.09 crore compared to Rs 107.84 crore last year
Textile firm Welspun Indiaon Friday reported a 65.56 per cent decline in consolidated net profit to Rs 53.75 crore for the quarter ended June on account of lower income
Crompton Greaves Consumer Electricals on Friday reported a 38.90 per cent decline in its consolidated profit to Rs 74.80 crore for the quarter ended June 30, 2020, due to lower income
ICICI Securities expects Syngene's revenues to be back on track as the company is currently operating at 90 per cent capacity.
June performed better than May as things began to normalise; however production levels are back to only 60-70 per cent, analysts note.
However, analysts expect the numbers to deteriorate as more companies announce their results
In the June quarter, the PBT stood at Rs 380.4 crore. Post-taxes, the profit was up 4 per cent year-on-year basis, at Rs 302 crore
Operating revenue fell 7 per cent to Rs 991.2 crore in the reported quarter from Rs 1,066.1 crore in the corresponding period of previous financial year, it added
The lender had reported a profit after tax of Rs 81 crore in the year-ago same quarter and Rs 58 crore in the quarter ended March 31, 2020
"Covid-19 impacted performance. Project execution significantly impacted due to lockdown. Production and delivery was hurt due to logistics challenges," STL said in a presentation
Its net interest margin declined to 2.66% in Q1FY21 from 3.14% in Q1FY20 as it did not securitise part of portfolio in Q1FY21
Analysts expect ITC's FMCG business to do well on the back of both foods and personal care segments.