Brokerages mixed on Maruti Suzuki after Q1 results

photo

Mumbai: Brokerages have a mixed view on Maruti Suzuki India after the car maker reported a net loss of Rs 249.4 crore for the June quarter-its first loss in 17 years. Antique, CLSA, and Kotak Institutional Equities maintained sell rating on Maruti, while Investec downgraded the stock to sell. Nomura has maintained hold recommendation. Emkay … Read more

RBL Bank Q1 results: Net profit declines 47% to Rs 141 crore on higher provisioning

photo

New Delhi: RBL Bank on Tuesday reported over 47 per cent decline in standalone net profit at Rs 141.22 crore in the first quarter ended June of the current fiscal year due to over two-fold jump in provisioning. The private sector bank had posted a net profit of Rs 267.05 crore in June quarter of … Read more

Will strong operating performance in Q1 help Bajaj Auto accelerate?

photo

Brokerages kept mixed view on Bajaj Auto after June quarter stood operationally better for the two-wheeler major with positive surprises on EBITDA margins. The auto major, however, on Wednesday reported a 53.1 per cent year-on-year (YoY) dip in net profit at Rs 528 crore for the June quarter, compared with Rs 1,125.67 crore in the … Read more

TCS Q1 results: Profit slips 13.81% YoY to Rs 7,008 crore; misses Street estimates

photo

New Delhi: Tata Consultancy Services, India’s biggest IT company, on Thursday reported 13.81 per cent year-on-year (YoY) fall in profit at Rs 7,008 crore for the first quarter ended June 30. Analysts in an ET NOW poll had projected the figure at Rs 7,680 crore. Consolidated revenue of the company inched higher by 0.39 per … Read more