MUMBAI: reported consolidated revenue of Rs 739 crore for the March 2021 quarter, a jump of 53% corresponding to the previous year quarter aided by strong all round performance in equities & allied business, distribution business, private wealth management business, as well as investment banking business. Consolidated profits jumped 111% to Rs 329 crore on … Read more
Saudi Arabian state oil giant Aramco said on Sunday it expects to cut capital expenditure after it reported a 44.4% slump in 2020 net profit, hit by lower crude oil prices and sales as the coronavirus pandemic depressed demand. The company lowered its guidance for spending to around $35 billion from a range of $40 … Read more
Coal India is likely to post a double-digit fall in net profit on Wednesday due to flat sales growth for the quarter ended September 30. However, brokerages expect the company to report up to 50 per cent growth in bottomline figures on QoQ basis. An assessment by Kotak Institutional Equities showed that Coal India may … Read more
Following the selloff in fully paid-up equity shares on Monday, Reliance Industries’ partly paid-up (PP) rights shares hit 10 per cent lower circuit limit after the company on Friday reported a 15 per cent year-on-year (YoY) drop in net profit at Rs 9,567 crore for the quarter ended September 30. RIL’s PP shares plunged 10 … Read more
NEW DELHI: ICICI Bank is expected to report a multi-fold rise in net profit for the September quarter, even as net interest income (NII) for the private lender may see a marginal dip on year-on-year basis. Updates on incremental Covid-related provisions, collection efficiency, BB and below-rated book and restructuring would be keenly followed, analysts said. … Read more
Pharma companies are expected to maintain the growth momentum with companies such as Cipla and Dr Reddy’s gaining from the sale of drugs meant for Covid treatment. Synopsis According to the ET Intelligence Group’s estimates, aggregate net profit of the Nifty 50 companies is likely to grow by 30.4 per cent compared with a drop … 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