Led by robust subscriber additions and higher average revenue per user (ARPU) on the back of premiumisation, telecom major Bharti Airtel is expected to report a consolidated net profit of Rs 38,068 crore according to average estimates of four brokerages. This will be a 6.3% year-on-year (YoY) jump in the reported quarter versus 35,804.40 crore … Read more
Lupin, Apollo Tyres, Westlife, Raymond and Nazara are going to announce their March quarter results on Tuesday. Here’s a brief preview of what the companies might report in the fourth quarter. Lupin Kotak Institutional Equities expects Lupin to report $175 mn US sales in the fourth quarter, tad lower than the preceding quarter due to … Read more
NEW DELHI: India’s second largest private sector lender ICICI Bank shares rallied over 2.5% today to Rs 906.75 after analysts said its Q4 earnings were flawless for the thirteenth quarter in a row. The bank reported a solid 30% YoY profit growth on the back of 35% YoY operating profit growth. In the March quarter, … Read more
The preview analysis of the just started Q2FY23 results is subdued, both on a YoY & QoQ basis. The signs point to a potential further downgrading in India‘s corporate earnings growth outlook for FY23 & FY24. This is because the Q2 forecast reveals a flat PAT trend on a YoY basis for the Nifty50 index … Read more
NEW DELHI: is likely to report a 26 per cent year-on-year (YoY) rise in net profit in the June quarter and a single-digit rise in net interest income (NII). Net interest margin (NIM) is seen expanding marginally, while gross non-performing assets are seen at 3.4 per cent. HDFC Institutional Equities is expecting the private lender … 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