Company extends factory closure to May 10; expects normalcy to return by second quarter
Net income for the first quarter of CY21 was $505 million, up 37%
The firm's revenue for fiscal 2021 was down 14% to Rs 8,840 cr on a consolidated basis
Its revenue from operations rose 26.2 per cent to Rs 3,037 crore from Rs 2,405 crore reported in the same quarter last year
Global brokerage HSBC has upgraded HDFC to 'Buy' given its dominant market position and execution capabilities which, the brokerage says, should allow it to continue gaining market share
Angel Broking registered the highest ever quarterly and yearly gross client addition of approximately 1 million and 2.4 million clients in Q4FY21 and FY21, respectively
The company is planning for an organic growth of at least 17% in constant currency terms during FY22 and an expansion of EBITDA margin from 18% in FY21 to 19% in FY22
Margin trajectory and valuations to limit upsides
Third private sector company to report quarterly revenue of Rs 50,000 crore
Adani Enterprises on Wednesday reported 282.2 per cent rise in consolidated net profit at Rs 233.95 crore for the quarter ended March 31, 2021.
The stock surpassed its previous high of Rs 1,121.85 touched on September 2020 and was trading at the highest level since July 2017
Nomura has one of the most conservative estimates with standalone net profit seen at Rs 794 crore, up around 28 per cent YoY
Alembic Pharma Q4FY21 operational performance was marginally below estimates, largely due to lower traction in US and Domestic Formulation (DF) sales
Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period
Net sales rise 6% to Rs 1,280 cr; API business expands by as much as 38%
RBL is a small-sized private lender
Total expenses declined to Rs 2,526.91 crore against Rs 3,099.18 crore.
The stock has corrected 27 per cent from its all-time high level of Rs 9,952 touched on February 5
Drug firm Morepen Laboratories on Tuesday reported an over two-fold rise in its consolidated net profit at Rs 26.76 crore for the quarter ended March 31, 2021, on account of higher revenue
The management said during the quarter, the company's profits was muted due to one off in US operations caused by Polar Vortex leading to sharp rise in gas prices.