Asian Granito India is in focus on the back of a decent set of Q2 numbers and the fact that the goods and services tax (GST) on tiles and marble has been cut from 28 percent to 18 percent.
On tractor business, Sorab Agarwal, ED of Action Construction Equipment (ACE) said, Q1 was negative because of goods and services tax (GST) impact but in March quarter, he is hopeful to do about 20-30 percent growth in tractor business.
We will be trying to make this a debt-free company by selling the non-core assets, Vijay Mansukhani, MD of Mirc Electronics said.
Gravita India is in focus after reporting a good set of Q2 numbers. In an interview to CNBC-TV18, Sunil Kansal, CFO of the company spoke about the results and his outlook going ahead.
Cochin Shipyard posted a weak Q2. In an interview to CNBC-TV18, Madhu S Nair, CMD of the company spoke about the results and his outlook going ahead.
The group had a net loss of Rs 368.75 crore in the year- ago period, it said in a regulatory filing. The company's total income fell sharply to Rs 1,642.11 crore in the June quarter this year, from Rs 2,888.94 crore in the same period a year ago.
Vikas Ecotech reported its Q2 numbers. In an interview with CNBC-TV18, Vikas Garg, MD of the company spoke about the results and his outlook for the company.
Net profit stood at Rs 28.08 crore in the same period last year.
“The fund raising plan is going pretty well and we have had the board, as well the shareholders' approval in place," Rajesh Jain, Joint MD at Panacea Biotec said.
“We are looking at couple of opportunities in the western and southern markets. Till now the opportunities are being evaluated by the company," Himanshu Gupta, MD of S Chand and Company said.
EBITDA (earnings before interest, tax, depreciation and amortisation) surged 39.8 percent year-on-year to Rs 14.8 crore and margin expanded sharply by 390 basis points to 17.8 percent for quarter ended September 2017.
Q1 of FY18 was an aberration, wasn’t a good quarter for us and we are happy to be back to normal, Gokul Jaykrishna, Joint MD of Asahi Songwon Colors said.
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.
The focus of the company is on B2C (business to company) business and the regulated markets, which is core to the company's future growth, said Shashank Sinha, MD, Strides Shasun.
Domestic sales of top-10 drug makers listed on stock exchanges in Q2 grew on sequential basis by 30 percent, while the growth was 13 percent on year-on-year basis indicating a strong recovery.
"We are hoping to increase revenue at net level by roughly 20 percent for the year," Arun K Chittilappilly, MD of Wonderla Holidays told CNBC-TV18.
Current average room rate (ARR) is at Rs 3,600 and the company is looking to increase the same, Amit Jaiswal, CFO of Royal Orchid told CNBC-TV18.
We see 2018-2019 is going to be a continuously good year with government infrastructure coming up, goods and services tax (GST) is making it more easy for the automobile business to grow, we are confident of having a good growth, if not double digit growth, for next year," N Muthukumar, President and Whole Time Director of Automotive Axles told CNBC-TV18.
The bond issuances along with commercial paper (CP) has increased substantially in the first half as the credit offtake to the industry sector has been low in the banking system, Rajesh Mokashi, MD & CEO, CARE Ratings.
CNBC-TV18's Kevin Lee spoke to Shree Cements' Managing Director Hari Mohan Bangur on the side-lines of the Forbes India Leadership Awards and asked him his outlook on domestic cement demand.
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.
The state-owned company that listed on the exchanges two days ago posted net profit of Rs 748.27 crore for Q2 FY18 compared to Rs 260.24 crore posted in same quarter last fiscal.
Chinese internet giant Tencent Holdings Ltd posted a 69 percent jump in its quarterly net profit, blowing past estimates, underpinned by a strong growth in revenue from its smartphone games and payment-related services.
Power purchase agreement (PPA) from Tamil Nadu is key to GMR’s Chhattisgarh unit acquisition, SK Acharya, Chairman of NLC India told CNBC-TV18.