LT Foods reported a strong quarter with improvement in margins. In an interview with CNBC-TV18, Ashwani Kumar Arora, MD & CEO of the company spoke about the results and his outlook for the company.
“At the beginning of this fiscal year, what we had guided was that we should have about 10 percent topline growth. We are looking pretty good for that. We should exceed the 10 percent on the topline," Vikas Rathee, Group CFO of Prime Focus told CNBC-TV18.
Raw material were at all-time low in Q1 and Q2 and slow uptick is seen in raw material prices. So margins may drop going ahead. There could be a slight contraction in margins, Ramakanth V Akula, CEO of Waterbase told CNBC-TV18.
The focus was on widening the customer base and capturing larger market post-GST, said Anurag Mantri, Group CFO, Jindal Stainless.
Profit for the quarter more than doubled to Rs 20.4 crore in Q2, against Rs 9.7 crore in year-ago, driven by revenue as well as operational growth.
Expect to receive subsidy worth Rs 150 crore in H2FY18, which will go towards the repayment of debt, Sanjay Gupta, CEO of Star Cement told CNBC-TV18.
The company would pass on the benefits of the GST rate cuts to consumers as applicable, although exact quantum is being worked out, said Adi Godrej, Chairman, Godrej Group.
If we (Government of Maharashtra and NBCC) succeed to get this (Dharavi) project, it will be a construction history to redevelop the largest slum of the Asia, said Anoop Kumar Mittal, Chairman, NBCC.
Going forward operating capacities are unlikely to improve much. FY18 is going to be a tough year for them, said M Manickam, Exec VC, Sakthi Sugars.
We have opened almost 29 stores this quarter and around 67 stores in H1, Rajeev Gopalakrishnan, President of Asia South, Bata Emerging Markets told CNBC-TV18.
Its total revenue declined to Rs 206 crore as against over Rs 331.22 crore a year ago, GMR Infrastructure said in a BSE filing today.
Iron ore prices are more domestic-driven than international prices, said DS Ahluwalia, Director-Finance, NMDC.
During the September quarter, total income of Bhushan Steel rose 43 per cent to Rs 4,325.60 crore from Rs 3,025.79 crore during the same period a year ago, the company said in a BSE filing.
The company had reported a net profit of Rs 84.02 crore for the same period of previous fiscal.
The company's total income fell to Rs 826.4 crore in the second quarter of this fiscal compared with Rs 911.9 crore in the corresponding period of the previous year.
The company had posted a net profit of Rs 36.93 crore during the same period previous fiscal.
The company is currently under the moratorium period of corporate insolvency resolution process under insolvency and bankruptcy code (IBC) 2016, it said.
Religare Enterprises on Tuesday reported its standalone net loss of Rs 30.50 crore for the second quarter ended September 30.
The net profit stood at Rs 7.8 crore in the year-ago period, the e-commerce firm said in a statement.
Bank of Baroda posted a 36 percent drop in net profit at Rs 355 crore, its asset quality improved in quarter ended September 2017.
Electronics manufacturer Dixon Technologies on Tuesday said its consolidated net profit increased 33 percent to Rs 20.7 crore for the September quarter.
Ansal Properties and Infrastructure Ltd on Tuesday reported widening of consolidated net loss at Rs 47 crore for the quarter ended September.
Debt-ridden Jaypee group's flagship firm Jaiprakash Associates on Tuesday reported a standalone net loss of Rs 186.48 crore for the quarter ended September on a lower income.
The company had posted a loss of Rs 768.32 crore in the same period a year ago.
State-owned IFCI's net profit stood at Rs 14.86 crore in the corresponding quarter previous fiscal.