Coal India Ltd.’s profit for the quarter ended June beat estimates.
Muthoot Finance has 4.5 percent exposure in Kerala and about 8 to 9 percent in Karnataka, says MD George Alexander Muthoot.
Motherson Sumi is shutting some plants in India due to lower demand and order flows from carmakers, says Vivek Chaand Sehgal.
Indian IT firms should opt for aggressive, collaborative strategies to win contracts with customers who are relevant, says Nayar.
Footfalls in all Wonderla parks grew 8 percent in the quarter ended June, the company’s joint MD George Joseph said.
The company’s India business was also impacted by deferral of branded generics sales, says managing director Umang Vohra.
Net profit for the three-month period jumped about 6 percent to Rs 478.19 crore on a year-on-year basis.
The GIC deal should come as a boost to IRB Infra as its Q1 results were hurt by low toll growth due to pending highway projects.
Analysts also expect the U.S.-China trade war to directly impact raw material prices in the metals sector.
V-Mart, however, expects the early part of the second quarter to be impacted by monsoon.
Ujjivan Financial Services is awaiting RBI’s new guidelines on small finance banks, said MD and CEO Ittira Davis.
HDFC’s Q1 profit rose 46.3 percent year-on-year to Rs 3,203 crore.
Marico is introducing smaller packages and launching pricing strategies to restore growth, says CFO Vivek Karve.
Raymond’s net loss stood at Rs 14.9 crore in the April-June period compared with a profit of Rs 2 lakh a year ago.
Net profit plunged 41 percent to Rs 3,596 crore in the three month period.
Bharat Electronics expects to maintain a double-digit revenue growth of 13-15 percent in 2019-20, says CMD MV Gowtama.
Gangwal said he expects to maintain a double-digit volume growth of 11 to 12 percent in the ongoing financial year.
Other HR services business caused a dip in overall profitability, TeamLease CFO Ravi Vishwanath said.
Castrol India volumes declined 2.8 percent to 55.4 million litres in the June quarter due to demand slowdown, says MD Omer Dormen.
Net profit jumped 45 percent year-on-year to Rs 663 crore in the June-ended quarter.
The double-digit volume growth in the decorative business aided the paintmaker’s earnings.