Idea Cellular reported a 12.8% sequential decline in gross revenue in the third quarter, while average revenue per user or ARPU fell by 13.6% to 114 rupees. However, the decline was less than that reported by bigger peer Airtel. Against the 13.6% fall in ARPU reported by Idea, Airtel’s ARPU had declined by 15% during […]
The stocks of Bharti Airtel and Idea Cellular were down around 4% in early trade on Wednesday after Reliance Jio indicated that it would cut tariffs by about 25% as part of a new Republic Day offer. Airtel shares were trading down 21 rupees at Rs 471, while those of Idea were down 4.35 rupees […]
Havells India, one of India’s best performing companies and an electrical goods maker, reported an 11% like-for-like revenue growth for the third quarter and a sharp increase in profit margins. In the second quarter, the company was able to report only a 4% increase in comparable sales. The company’s comparison quarter last year had been […]
Reliance Jio, the latest entrant to the Indian telecom market, has reported a 451% growth in its profit before finance and tax costs and reported its first ever net profit of Rs 504 cr. Earnings before interest and tax (EBIT) jumped to Rs 1,436 cr in Oct-Dec from Rs 260 cr in the previous three […]
NIT Technologies said third-quarter revenue increased 2.6% sequentially to Rs 756.5 Crores, an increase of 9% on year. Operating Margins expanded 97 bps sequentially to 17.1% as a result of growth in Digital engagements in US and EMEA. Operating profits expanded 8.7% on quarter and 11.4% on year to Rs 129.5 Crores. Net profit improved […]
Bharti Airtel reported a decline in its third quarter revenue as the battle with Reliance Jio raged on and the impact of lower termination charges kicked in, but the company prevented any massive damage to its bottom line. Airtel’s top line shrunk by 6.7% on quarter and 13% on year to Rs 20,319 cr for […]
Diversified group Adani Enterprises reported revenue of Rs 9,938 crores for the Oct-Dec quarter compared to Rs 8,606 crores for the same quarter last year. Due to the higher revenue, operating profit (EBIDTA) jumped to Rs 1,048 crores from Rs 705 crores last year. Net profit inched up to Rs 351 crores from Rs 340 […]
North Indian newspaper publisher DB Corp reported disappointing results for the third quarter as its key revenue sources, advertising, saw a abnormal decline during the quarter. Revenue from print advertisements declined by 5.8% despite the comparison being with a quarter that was ravaged by demonetization. Print advertising revenue fell to Rs 378 cr from 401 […]
Hindustan Unilever, the country’s largest fast-moving consumer goods maker, reported a 17% increase in its like-to-like top line and an 11% growth in sales volumes for the October December period when compared to the previous year. The previous year’s sales were disrupted by demonetization. The total revenue, including tax, generated by the company rose to […]
Zee Entertainment Enterprises, the country’s largest listed media company, reported a whopping 30% jump in advertising sales in India as the comparison period of last year was hit by demonetization. Domestic advertising revenue was at Rs 11,373 mn (Rs 1,137 cr) on a like to like basis, excluding the sports business that was sold to […]
Reliance Industries’ controlled TV18 reported better results than in recent quarters, and said advertising revenue is showing signs of recovery. The company reported a 8% growth in the top line for Oct-Dec quarter to Rs 271 cr, while profit before tax remained flat at Rs 16 cr. Profit from joint ventures jumped to Rs 19 […]
Infosys reported a quarter that was largely in line with expectations and said it retains its full-year revenue growth guidance at 5.5-6.5%, excluding the impact of currency movements. With nine months gone, the company has grown at 5.6% in constant currency terms so far. For the third quarter, revenue in constant currency was up 0.8% […]
Tata Consultancy Services reported a 1.3% improvement in revenue in constant currency terms, which is less than the 1.7% improvement reported in the previous quarter, but largely in line with expectations for a tame quarter. Revenue grew 6.2% on year in constant currency terms. In rupee terms, the company’s revenue was at 30,904 crore; up […]
Hindustan Media Ventures, the publisher of Hindustan daily, reported a 12% jump in net profit for the third quarter due to ongoing cost cutting measures. On a positive note, advertising revenue increased by Rs 8 cr, or 5%, on year during the third quarter to Rs 177 cr. However, the comparison was with a weak […]
Titan Co, India’s largest jewelry company, said its mainstay jewelry business saw retail sales that were in line with expectations for the October-December period, but there was a slight slowdown in sales to franchisees. It also said its pilot stores for special occasion ethnic wear are doing well and it may open a few more […]
Electrical goods maker Siemens Ltd reported an improvement in its profit margins, but underlying sales growth decelerated to 1.8% due to GST-related impact. The company usually posts 8%-15% growth in revenue. Net profit also showed a decline as last year, the company had exceptional income related to the sale of a unit. Revenue, on a […]
India’s largest iron ore producer NMDC has reported a 39% increase in its revenue for the September quarter compared to the same period last year. Net profit increased 10%. The increase in revenue and profit was mainly due to increase in pricing and volume, the company said. Total iron ore production for the second quarter […]
Tata Global Beverages reported a 4.4% increase in revenue for the September quarter, while net profit jumped to 144 cr from Rs 127 cr in the year-ago quarter. Revenue declined marginally on a sequential basis, while net profit was higher by Rs 20 cr. The company said revenue comparisons were hit by foreign currency movements […]
Pharma giant Zydus Cadila reported excellent numbers for the September quarter, led by rising US revenue that lifted its margins and profits. For the second quarter ended September 30, 2017, Zydus Cadila reported Earnings before Interest, Depreciation and Tax (EBIDTA) of Rs. 857 crores, up by 68% y-o-y. Net profit was up 33% to Rs. […]
Tata Chemicals Limited reported flat revenue for the quarter ended September, partly due to the impact of the GST, but net profit from continuing operations was up 52%. On a like to like basis, said the company, revenue was up 2.6%. As reported, revenue was at 3,462 Cr and net profit at Rs 273 cr. […]
