Analysts have upgraded the company’s earnings estimates by 15-20% for FY22. Synopsis The growth in exports was on account of a strong demand recovery across regions, dollar availability in the export markets, stable crude prices in energy exporting countries and stable currency movement in export markets. ET Intelligence Group: The stock of the two-wheeler maker … Read more
Mumbai: CLSA sees upside risk to its estimates on and on consensus estimates after the company’s subsidiary Bhushan Steel reported higher-than-expected earnings before interest, taxes, depreciation, and amortisation per tonne. The brokerage, which has a ‘buy’ rating and target price of Rs 950 on Tata Steel, said long products segment also reported strong operating earnings … Read more
NEW DELHI: Reliance Industries, the largest company in India by market capitalization, is likely to improve its earnings performance sequentially, but the numbers are expected to be subdued year-on-year when the company publishes its result on Friday. The net sales for the December quarter is projected to drop 18-22 per cent YoY. Net profits for … Read more
NEW DELHI: Reliance Industries, the biggest conglomerate in India, beat analysts’ estimates in September quarter earnings, with some segments performing brilliantly, but a close inspection reveals some areas of weakness. Telecom was the outperforming segment and it saw exceptional growth during the quarter led by increased usage of telephony. The media business also improved performance. … Read more
NEW DELHI: Hero MotoCorp on Wednesday reported a standalone net profit of Rs 953.45 crore in the quarter ended September, registering an increase of 8.99 per cent. The company reported a profit of Rs 874.80 crore in the year ago quarter. Analysts in an ET Now poll had projected a net loss of Rs 990 … Read more
KOLKATA: Vodafone Group Plc’s win in the international arbitration against India in a retrospective tax case does not change local joint venture Vodafone Idea’s weak ground situation and is unlikely to trigger fresh investment momentum, even from its British parent, said analysts. They said the Vodafone Group won’t see any fresh money come in, nor … Read more
Mumbai: Broadcaster Zee Entertainment Enterprises may post a sharp drop in net profit in the quarter ended June as Covid-19 pandemic-induced lockdown significantly hurt advertising demand. The television channels were also forced to air rehashed old content as production came to a grinding halt. The company is slated to announce its June quarter earnings on … Read more
Shares of NTPC inched higher in Friday’s trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip traded 0.23 per cent up at Rs 87.40 at around 9.23 am (IST), while the benchmark BSE Sensex was up 0.44 per cent at 38,479 at around the same … Read more
NEW DELHI: Shares of GAIL rose nearly 2 per cent in Thursday’s trade ahead of the company’s June quarter results scheduled for later in the day. The company is expected to report up to 60 per cent fall in consolidated net profit on 30-35 per cent decline in sales. Updates on the execution of new … Read more
NEW DELHI: Riding on a one-time gain from the divestment of its fuel retailing business and a superlative performance of its telecom venture, Reliance Industries (RIL) managed to get back to reporting net quarterly profit above Rs 10,000 crore. The numbers were on the expected lines, but a sharp drop in revenue from petchem business, … Read more