The direct-to-home operator reported a consolidated net loss of Rs 17.87 crore for the second quarter ended September 30, 2017.
The aggregate picture, that was quite dismal in the run up to the GST in the previous quarter, has got better. Our analysis of over 4200 companies showed tepid growth in topline, but surprisingly there was a marked improvement in margins. Finally, unlike in the previous quarter when profitability declined, there was some revival in the September quarter with the trend line flattening.
On an average, there was a 4% increase in the sales turnover of the 14 mid and small size construction companies that have reported results so far.
Bank of Baroda has strong operating trends and has been staying ahead of peers, UBS said while maintaining a buy call on the stock with increased target price at Rs 230 from Rs 220 per share.
September quarter results surpassed estimates as margins surprised positively for Jaguar Land Rover and India.
The exclusive licensee of JOCKEY International Inc (USA) has reported a 22.4 percent growth year-on-year in profit at Rs 84 crore and 17.1 percent rise in revenue at Rs 626 crore for the quarter.
The company’s consolidated net loss narrowed to Rs 499 crore during the quarter ended September 2017.
JLR’s lower forex hedge loss, and lower other expenses, as well as operating leverage, drives EBITDA for Tata Motors.
Revenue from operations jumped 41.2 percent to Rs 1,258.02 crore, compared with Rs 890.89 crore in corresponding quarter.
The company on Wednesday reported over three-fold jump in standalone net profit at Rs 93.84 crore for the quarter ended September 30, mainly on account of higher income and increase in volume growth.
The company reported a gain of 13.5 percent in the net profit at Rs 334.2 crore against Rs 294.4 crore year on year.
Going forward, Trident’s operational turnaround will be predominantly driven by the extent and pace with which capacity utilisations at its plants scale up.
Punjab National Bank’s second quarter profit at Rs 560 crore surpassed estimate on lower employee expense (down more than 19 percent YoY).
Credit Suisse maintained an outperform stance on the stock and raised the target to Rs 310.
The big bull holds a little over 8 percent stake in the company according to latest shareholding data.
Motilal Oswal feels Vedanta has a portfolio of high-quality base metals and oil & gas assets, and is well poised to benefit from the bullish price outlook for zinc.
Brokerages were positive on the capitalization figures of the firm and bet on project pipeline going forward.
Its restaurant listings portal Zomato could continue to aggressively focus on growth, it added. The company also expects lower losses for 99 acres.
Though brokerage houses have maintained their buy calls on the stock, they also highlighted that the earnings figures missed expectations. However, going forward, the situation improve, they added.
Tata Steel's Q2 has missed street estimates as its European business struggled for the quarter. In an interview to CNBC-TV18, Ritesh Shah of Investec shared his readings on the numbers.
The right product mix and consolidation among marginal players have helped companies like Tata Steel grow faster even in a seasonally weak quarter.
Asset quality was far better than its rivals Axis Bank and Yes Bank. The gross non-performing assets (NPA) as a percentage of gross advances came in at 7.87 percent for the quarter, lower compared with 7.99 percent in previous quarter.
In an interview to CNBC-TV18, Rajiv Mehta of IIFL Wealth shared his views and readings on ICICI Bank's Q2 numbers and also spoke about specific stocks.
Most global brokerage firms maintain their positive stance on Maruti and raised their 12-month target price closer to 10,000.
Company reported lower volumes on account of increase in tax incidence in the GST regime. ITC’s business was also impacted due to non-availability of additional duty surcharge credit on the transition stocks.