Dabur India, the country’s largest maker of fast-moving consumer goods based on traditional recipes and systems, reported a sequential slowdown in sales for the September quarter due to tight financial conditions. On a year-on-year basis, the company was still able to report a 4% growth. The Domestic FMCG business reported an underlying volume growth of […]
Godrej Properties, one of the few real estate companies that have taken the market slowdown in its stride, reported better profits for the quarter ended September even as sales fell sharply. The company’s profit before tax zoomed to Rs 72.88 cr from Rs 3.56 cr for the same quarter last year, despite revenue from its […]
Bharti Airtel, the former No.1 telecom operator in India, has started bouncing off the bottom as far as its operational numbers are concerned. The numbers for the second quarter (July to September 2019) showed that the company has definitely turned the corner, at least far as broader operating numbers and revenue are concerned. However, the […]
TV18 Broadcast, which operates channels like Colors and News18, has reported a dip of Rs 71 cr in its revenue after a shift from free to pay for some of its entertainment channels and a soft economy hurt advertising sales. “Macro-weakness and shift of channels from DD Freedish to Pay ecosystem continues to drag ad-revenues […]
Despite the strain faced by the aviation sector in India, low-cost carrier SpiceJet reported net profit of Rs 261.7 crore and total income of Rs 3,145.3 crore for the quarter ending June 2019. Last year, it had a loss of Rs 38.1 crore on revenue of Rs 2,253.3 crore for the corresponding quarter last year. Operating expenses […]
Bharti Airtel’s India numbers indicated that the company did indeed hit the bottom in the December quarter of last year, and continued to improve its numbers from then on. Airtel, which had seen its India revenue fall to Rs 14,768 cr in the December quarter, had improved it to Rs 15,241 cr in the quarter […]
Jagran Prakashan, which publishes India’s most widely distributed newspaper, the Hindi daily Dainik Jagran, today reported yet another quarter of continued pain as the media sector grapples with falling revenues and continuing encroachment by digital media. Despite expectations of a boost to revenue from general elections, the company actually reported a year-on-year decline. Advertising revenue […]
Tata Motors, the biggest home-grown automaker, reported a loss of Rs 3,698 cr loss as UK subsidiary Jaguar Land Rover continued to bleed. The company had posted a loss of Rs 1,902 cr in the same quarter last year, and had reported a profit of Rs 1,117 cr in the preceding quarter (Jan-Mar). The biggest […]
Hindustan Media Ventures Ltd, home to the Hindi language publications of HT Media Ltd, reported a sharp increase in its profit thanks to a substantial fall in its newsprint costs. The company’s net profit jumped to Rs 39.67 cr for the three months ended June, up from just Rs 13.20 cr in the same period […]
Godrej Properties, the Mumbai-based real estate arm of the eponymous diversified group, reported its highest ever quarterly sales, but the numbers also indicated that the company was realizing less upfront revenue per square feet booked. The company sold 3.72 million square feet of developments during the three months from January to March 2019, a jump […]
Privately owned DCB Bank reported significant improvement in its financial performance for the final quarter of FY 2019. The bank’s improved performance comes at a time when the banking sector is undergoing major stress over bad loans. Net profit rose to Rs 96 crore in the final quarter from the Rs 64 crore in the […]
Mumbai-based software developer Aurionpro Solutions reported a sharp increase in profits for the Oct-Dec quarter, aided by a 22% jump in its revenue. The compay, which makes software for the financial sector, infrastructure projects and cyber security, reported a 44% increase in net profit for Oct-Dec to Rs 15.5 crores. Revenue jumped to Rs 115 […]
HT Media, one of India’s top English-language news publishers, continued to report falling revenue and profits, even as the expected boost from a delayed festival season failed to materialize. The company reported a 2.5% year-on-year decline in its revenue for the Oct-Dec quarter, while operating profit (EBITDA) plunged 57%. Revenue came in at Rs 665 […]
Jet Airways managed to sequentially bring down its pretax loss by a smidgen due to its recently started cost cutting measures during the second quarter, and announced further measures to reduce losses. Even as revenue rose sequentially by Rs 170 cr in Jul-Sep quarter, total non-tax expenses rose by only Rs 144 cr, which had […]
Following the trend seen in other newspaper stocks, Jagran Prakashan — which publishes India’s largest circulated daily — reported a sharp decline in its profits for the second quarter. However, the company was able to better manage rising input costs compared to its rival DB Corp on a sequential basis. Like in case of DB […]
Shares of Take Solutions, a provider of contract solutions to the healthcare sector, were up 6% after the company reported a sharp increase in revenue due to rupee depreciation and profits jumped due to a tax write-back and a jump in non-operating income. Sales at the company jumped 10.3% on quarter to Rs 516 cr […]
HT Media, which publishes English newspaper Hindustan Times and Hindi newspaper Hindustan, blamed poor advertiser sentiment for its second quarter results. The company’s July-September revenue had fallen by 6% even as costs rose, pushing it to a rare loss of Rs 19 cr before non-cash, non-operating items (operating profit or EBITDA). The company had seen […]
InterGlobe Aviation, the company that operates Indigo Airlines, reported a bigger-than-expected net loss for the second quarter as fuel costs zoomed 84%. Net loss came in at Rs 652.1 cr for the quarter ended September 2018 compared to a net profit of Rs 552 cr last year. The “higher fuel prices [were] responsible for more […]
Wipro, one of India’s top IT services exporters, reported a fall in net profit for the second quarter, despite getting a lift from the falling rupee, due to a sharp increase in ‘other expenses. Net profit for the September quarter came in at Rs 1,886 cr, down from Rs 2,094 cr in the preceding three […]
Midsize outsourcing and IT services firm Zensar Technologies reported higher profits for the April-June quarter, boosted by the sharp run-up in the value of the dollar against the rupee. Revenue rose 2.3% on quarter in dollar terms and 7.1% in rupee terms. Adjusted for currency movements, revenue was up 4.1% on quarter and 17.5% on […]
