The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
EBITDA margin expanded by 220 bps YoY to 22.8 per cent in Q3FY22 driven by economies of scale, effective cost management marginally settled off by higher freight cost.
While government relief (option of conversion of dues into equity) ensures the survival, the company needs to raise capital as early as possible to stay competitive, ICICI Securities said.
Asset quality has been in-line or better-than-expected in recent quarters, which analysts expect to continue
Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.
Live news updates: India reported 333,533 new cases of Covid-19 in the last 24 hours-a marginal decline since Saturday.
The group had reported a profit after tax of Rs 174.85 crore in the year-round period
Retail business quarterly revenue crosses Rs 50,000 cr
The company has already raised long-term funds, protecting the balance sheet from rising finance costs
Net Interest Income for the quarter grew by 2.6% to Rs 2,124.7 cr
Strong revenue stream led by automotive, solar, appliance segments push up bottom line
Encouraged by the strong rebound, the company expects an accelerated growth trajectory now, driven by a robust recovery from the lockdown blues.
Gross revenue down 10.8% to Rs 9,717 crore, EBITDA slips by same margin to Rs 3,816 crore
All-time high revenues across all consumption baskets
Analysts expect ICICI Bank to continue reporting healthy operating profit, along with double digit growth in loan book
Investors pull back from risky assets amid rising yields
Most brokerages are, however, positive on the long term growth trajectory
Its revenue from operations stood at Rs 50,654 crore, up 53.41 per cent from Rs 33,018 crore in the corresponding period of last fiscal
Inox Leisure Ltd reported narrowing of its consolidated net loss at Rs 1.32 crore for the third quarter ended December 2021 as the film exhibition business witnessed recovery from Covid restrictions
Shares of Shoppers Stop defied the broader market trend and settled for the day nearly five per cent higher on Friday after the retail chain posted strong earnings for the December 2021 quarter.