Idea Cellular reported a 19.7% year-on-year decline in its standalone revenue for the second quarter of this financial year, while net loss increased to Rs 1,176 cr from 617 cr in the preceding quarter and a net profit of 4.3 cr in the year-ago period. The revenue per subscriber (ARPU) also fell by 6.6% to […]
Chennai-based Sun TV continued to report decent overall growth in the July-September quarter as well, but advertising sales continued to lag behind peers such as Zee Entertainment. The company has been ‘suffering from’ poor advertisement growth in the last couple of years, even as players like Zee Entertainment have reported double digit year-on-year improvements. The […]
Amara Raja Batteries reported a modest improvement in its results for the September quarter, with operating profit edging above last year’s level by a whisker. Growth would have been faster, if it hadn’t been for the disruption in the telecom market, the company said. The company’s revenue increased compared to the same quarter last year, […]
Jagran Prakashan reported disappointing results for the September quarter, continuing the trend of print and newspaper companies struggling in recent quarters. Total revenue from operations fell to Rs 566.55 cr for the three months ended September, down from 591.33 cr in the previous three months. However, compared to the same period a year ago, operating […]
Greenlam Industries reported a 15.8% increase in net profit for the September quarter despite a hit on revenue from the GST by cutting down on operating costs. The company recorded a net profit of Rs 16.0 crores, up from Rs. 13.8 crores in the corresponding quarter last year. This was despite a 0.8% decline in […]
Godrej Properties, one of the few big real estate giants that weathered the slow down in the market over the last three years well, has reported strong numbers for its second quarter. Revenue from operations jumped 49% to 492 cr, while net profit rose by 91% to 44 cr. Both revenue and profit more or […]
IT services provider Cognizant seemed all set to clock the upper end of its full-year guidance for calendar year 2017, raising the lower-end of its forecast once again. The company, which had changed its revenue growth forecast for 2017 to 9-10% from 8-10% last quarter, further fine-tuned it to 9.5%-10.0% this time. It now expects […]
IT services provider Tech Mahindra Ltd reported a 3.7% sequential jump in Q2 revenue and a 4.7% jump in net profit. Revenue increased to Rs 7,606 crore, up 6.1% YoY, while net profit increased to Rs 836 crore, up 29.7% YoY. Revenue in dollar terms was up 3.6% QoQ at $1,179.2 mln; up 10.0% YoY. […]
Two- and three-wheeler manufacturer TVS Motor Company reported a revenue growth of 18.2% for the quarter ended September 2017, while net profit jumped 20%. Revenue excluding duties grew to Rs. 4097.99 crores in the quarter ended September 2017 from Rs. 3465.69 crores last year. Profit After Tax (PAT) increased by 20.2% to Rs.213.16 crores in […]
IDBI Bank said Net Interest Income for September quarter improved by 3.63% compared to previous year and 18.19% compared to the June quarter. Net Interest Margin (NIM) stood at 2.17% for QE Sept 2017 showing improvement of 27 basis points as compared to QE Sept 2016 and 45 basis points as compared to the preceding […]
Reliance Capital reported a 2% year-on-year increase in total income for the September quarter for its subsidiary Reliance Commercial Finance Ltd. It earned pretax profit of Rs 92 crore, up 7% on year, while total income came in at 502 cr. As on September 30, 2017, outstanding loan book was Rs. 12,653 crore – a […]
Bharti Airtel, India’s largest telecom company by revenue, reported further erosion in its revenue and profit in September quarter compared to the previous June quarter. The company reported revenue of 21,777 cr, down 12.3% compared to a year ago and down 0.8% compared to the previous three months of April to June. Profit before exceptional […]
Dabur India, one of the world’s biggest manufacturers of natural FMCG products, reported a slight revenue decline for the second quarter, but net profit rose marginally. Dabur’s Sept quarter revenue was hit by a steep appreciation in the currencies of several of the countries where the company sells its wares, it said. Adjusted for currency […]
Bharti Infratel reported a 17% fall in its net profit for the three months ended September, due to a sharp decline in its finance-related revenue. On finance charges, there was a net inflow of 62 cr this quarter compared to an inflow of 306 cr last year. Net profit fell to Rs 638 cr from […]
Pharma major Lupin reported an 8% fall in Q2 revenue to Rs. 3,952 cr. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) for the quarter fell by 13% to 927 cr. Net profit was also down by 31.3% at Rs 455 cr in in the September quarter. The profit was higher than the mean analyst […]
AU Small Finance Bank reported net interest income of Rs. 220 crore in the second quarter ended September, up 12% on year. Total Income was Rs 508 crore, up 41% and PAT was Rs 68 crore for Q2FY18 as against Rs 62 crore in Q1FY18. “Q2 was the first full quarter of operations as a […]
ITC Ltd said its performance during the second quarter was relatively subdued due to “severe pressure” on the cigarette industry and sluggish demand conditions prevailing in the FMCG industry. Operating conditions in the Agri Business and Hotels Segment also remained challenging, it said. On a comparable basis, Gross Sales Value’ stood at Rs 16,391.58 crores […]
Infosys said its Q2 revenues grew sequentially by 2.9% in USD terms and 2.2% in constant currency terms. It said for the year, revenues are expected to grow 5.5%-6.5% in constant currency, which is lower than its previous guidance. Three months ago, it had maintained sales growth guidance at 6.5-8.5% on a constant-currency basis for […]
Asian Paints reported a 13.7% increase in its revenue for July-September quarter, and said net profit from continuing operations rose 7.5%. “The Decorative business in India registered high single digit volume growth in the current quarter,” said K.B.S. Anand, Managing Director & CEO of the company. “Hence there was a recovery from Q1 which was […]
Mid-sized IT services provider Persistent Systems reported 4.5% sequential USD revenue growth and 4.6% rupee revenue growth for the September quarter. On a year-on-year basis, dollar revenue rose 12.3%, while rupee revenue was up 8.1%. Operating profit, however, was up only 4.5% on year, but because of the poor performance in the preceding quarter, rose […]
