Cupid is in focus on the back of strong earnings. In an interview to CNBC-TV18, Om Garg, CMD of the company spoke about the results and his outlook for the company.
Cite management commentary that liquor ban could have had impact in the past; believe that the selling and administrative expenses were in line with the estimates.
There is scope for the cost of funds to drop by 40 basis points over next two-quarters, said Prabodh Agrawal, Group CFO, IIFL Holdings.
Net interest income increased 20.4 percent to Rs 9,370.4 crore from Rs 7,781.44 crore on YoY.
It was a stellar first quarter for Reliance Industries (RIL). The company managed to beat street estimates on all major parameters. They have also announced a 1:1 bonus given some clarity on their telecom plans. In an interview to CNBC-TV18, Jal Irani, Oil & Gas Analyst at Edelweiss Financial Services spoke about the same.
See great opportunities in the data digital internet of things (IoT) space and healthcare space, said Anand Deshpande, Founder, MD & CEO, Persistent Systems.
there is a huge potential of higher capacity for polypropylene unit going forward and see an uptick in gross refining margins over the next three-quarters, said H Kumar, MD, MRPL
Vijaya Bank disappointed this quarter under pressure of deteriorating asset quality. In an interview to CNBC-TV18, Kishore Sansi, MD & CEO of the bank spoke about the results and gave his outlook.
"Despite a 13 per cent fall in sales to Rs 1,782 crore from Rs 2,041 crore due to regulatory challenges, the bottom line was boosted by a 32 per cent savings translating into Rs 70 crore on interest cost driven by favourable rates and mix of debt.
The company had posted a net profit of Rs 43.8 crore for the corresponding period of the previous fiscal.
Auto components maker Amtek Auto Ltd on Saturday reported widening of standalone loss to Rs 889.58 crore for the first quarter ended June 30, hit by exceptional inventory losses.
Lower interest burden helped Avenue Supermarts, that runs the D-Mart chain of supermarkets, to report a healthy 47.6 per cent jump in net profit for the June quarter at Rs 174.77 crore.
Operating profit may drop 9.4 percent to Rs 700 crore and margin may contract 50 basis points to 50.4 percent compared with same quarter last year.
Key factor to watch out for would be share buyback announcement. If the company announces 10 percent buyback then the company will have to shell out Rs 90.5 crore and Rs 226 crore for 25 percent buyback.
Operating profit may decline 3.2 percent to Rs 1,534.5 crore and margin may shrink 120 basis points to 43.8 percent compared with previous quarter.
Avenue Supermarts, which runs the D-Mart supermarkets chain, on Saturday posted a 47.6 per cent jump in its net profit at Rs 174.77 crore for the quarter ended June 30.
Margin improvement is seen due to lower costs from sports business and other expenses while increase in other income may be due to sale of sports business.
Analysts feel if loan growth comes above 15 percent, domestic loan growth above 20 percent and net interest margin above 4 percent then that will be positive.
Vijaya Bank on Sunday reported 57.5 per cent increase in net profit at Rs 254.69 crore for June quarter owing to healthy growth in retail income aided by a marginal fall in bad loan proportion.
After a series of whatsapp messages circulated on various groups on closure of nine banks, the Finance Ministry and the Reserve Bank asked consumers not to get swayed by such rumours. And more such news.
Tata Sponge Iron, an associate firm of Tata Steel, on Friday said its profit rose over three-fold to Rs 30.5 crore for the quarter ended June 30 on jump in operational income.
Following the transaction, SBI and Carlyle will own 74 percent and 26 percent, respectively in each of the two entities. According to reports, Carlyle was in talks to buy the 26 percent stake for Rs 2,000 crore.
In an interview to CNBC-TV8, Kapil Wadhawan, CMD of DHFL spoke about the results and his outlook for the company.
Can Fin Homes reported its Q1 FY18 numbers. In an interview to CNBC-TV18, SK Hota, MD of Can Fin Homes discuss about the same.