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.
HIL posted a steady set of first quarter of FY18 earnings. In an interview to CNBC-TV18, Dhirup Roy Choudhary, MD & CEO of the company discuss all the details.
Indian Bank posted a stellar set of first quarter numbers. Net interest income (NII) growth was the best for the company in recent times and asset quality continues to improve.
Disbursements grew by 32.5 percent to Rs 8,237 crore and asset under management increased 22.5 percent to Rs 88,236 crore YoY.
Asset quality improved during the quarter as gross non-performing assets declined to 7.21 percent from 7.47 percent and net NPAs declined to 4.05 percent from 7.39 percent.
Operating profit was at Rs 306 crore and margin at 7.2 percent, which also missed expectations of Rs 364 crore and 9 percent, respectively.
This is against a net profit of Rs 74.1 crore in the year-ago period, Zensar said in a statement.
Rallis India on Thursday posted 74 per cent fall in consolidated net profit to Rs 45.25 crore in the first quarter of 2017-18.
IT firm Nucleus Software on Thursday reported a 7.4 per cent decline in consolidated net profit at Rs 11.51 crore for the first quarter ended June 30, 2017.
Reliance Jio launched rights issue of optionally convertible preference shares to raise up to Rs 20,000 crore.
The company reported revenue of Rs 13,025.6 crore against a CNBC-TV18 poll of analysts who pegged this figure to be Rs 12,828 crore.
Analysts believe that the margins have bottomed out and should start showing improvement YoY hereon, ending three years of contraction, from 26 percent in FY14 to 16 percent in FY17.
Operating profit is seen falling 24 percent to Rs 364 crore and margin may shrink 200 basis points to 9 percent on year-on-year basis, mainly due to negative operating leverage and higher raw material cost.
NPAs rise to 0.81 percent from 0.64 percent in previous quarter, while provisions almost double on YoY basis.
The company's revenues increased by 5.7 per cent to Rs 708.9 crore in the said quarter from Rs 670.7 crore in the April-June period last year.
The company, which publishes Dainik Bhaskar newspaper, had posted a net profit of Rs 103.95 crore during the same quarter of previous fiscal, DB Corp informed BSE.
Revenue during the quarter fell 12 percent to Rs 648 crore compared with Rs 737 crore in corresponding quarter of last fiscal.
The company had posted a net profit of Rs 126.50 crore in the year-ago period.
Mindtree has reported disappointing set of Q1 FY18 earnings. Both the revenues and margins have come in lower than expectation. Also the company has lowered its guidance. In an interview to CNBC-TV18, Rostow Ravanan, CEO & MD of Mindtree and Jagannathan Chakravarthi Narasimhan, CFO of Mindtree spoke about the results and their outlook for the company.
Sterlite Technologies surges 12 percent on high volumes after posting good numbers with the highest ever quarterly revenue, highest ever order book and the highest ever quarterly export sales. The company eyes a USD 100 million profit target by FY20.
Gross Written Premium of the company rose by 41 per cent to Rs 1,278 crore at the end of the quarter, Reliance General Insurance said in a statement.
In an interview to CNBC-TV18, Rakesh Sharma, MD & CEO of Canara Bank spoke about the results and gave his outlook for the bank.
The lender made provisions worth Rs 204 crore for the quarter, compared with Rs 267 crore in March quarter and Rs 179 crore in the year-ago period.
Orders grew 13 percent in the second quarter and 20 percent in H1 of 2017 reflecting ABB India’s organic growth strategy.