Net profit fell 16.1 percent year-on-year to Rs 969 crore, according to the vehiclemaker’s exchange filing.
The revenue target of Rs 5,000-crore is no big deal, Gujarat Alkalies’ Managing Director PK Gera said.
The company expects margin to bounce back in FY20.
The company’s operating margin for the January-March period expanded 840 basis points year-on-year to 57.4%.
Thomas Cook’s net profit stood at Rs 13.5 crore in the March 2019 quarter, down from the Rs 5,872.6 crore a year ago.
Sun Pharma’s net profit fell 52.6 percent year-on-year to Rs 635.90 crore in the March quarter.
InfoEdge reported a profit of Rs 66.3 crore in the March quarter against a loss of Rs 13.8 crore a year ago.
The low-cost airline reported a net profit of Rs 56 crore, a 22 percent increase from the year ago period.
PNB’s asset quality improved in the fourth quarter even as provisions rose.
IndiGo expects its revenue per available seat kilometre, or unit revenue, to grow 5 percent year-on-year in 2019-20.
Sobha is confident of sustaining its high growth rate despite higher borrowing costs.
Net profit of the state-run gas utility fell 33.2% sequentially to Rs 1,122.2 crore in the January-March quarter.
Zee’s promoters are in talks with financial and strategic investors to sell stake in the company and expect binding bids by July.
Adani Ports’ net profit rose 38.69 percent year-on-year to Rs 1,285 crore in the March quarter.
IndiGo’s profit in the March quarter rose over 400 percent due to a rise in yield, strong passenger growth and lower oil prices.
Zee Entertainment’s net profit rose 26.8 percent year-on-year to Rs 292 crore in the March quarter.
The company expects revenue to grow by 25-30 percent in financial year 2019-20, says Chief Financial Officer Saurabh Gupta.
For the fiscal year ended March 2019, the company posted a consolidated net loss of Rs 223.71 crore.
Net profit jumped 20.9 percent to Rs 451.2 crore in the three-month period.
JSW Steel Ltd.’s profit in the March-ended quarter nearly halved as the steelmaker’s operating margin dropped.
The company expects margin to improve by 3 to 4 percent through the year, its Wholetime Director Shailendra Chouksey said.
Confident of seeing a double-digit growth in Cipla’s business in India, its MD and global CEO Umang Vohra said.
Bank of Baroda’s loss narrows to Rs 991 crore in Q4.
The company’s margin expanded 110 basis points to 10.9 percent in the three month period.
The spike in commodity prices also affected the fan business, says Managing Director Shantanu Khosla.