HCL Technologies Ltd reported 20.8 percent year-on-year (YoY) growth in net profit to Rs 2325 crore for the quarter ended March 31.
Independent directors of Tata Group companies where Cyrus Mistry is still the chairman should provide a comprehensive guidance to shareholders on whether he should continue in that position at respective firms, says proxy advisory firm IiAS.
In an interview to CNBC-TV18, N Krishnamachari, MD of State Bank of Mysore spoke about the results and his outlook for the company.
"We have improved guidance on domestic space and we believe that we will deliver on that", says Rajiv Batra, CFO of Cummins India.
HCL Technologies posted good Q1 (FY17) numbers. SP Tulsian of sptulsian.com said that although positive bias can be seen building up for guidance, one shouldn't take a call on a company on its quarterly performance. From technology pack, he prefers Infosys followed by HCL Technologies.
In an interview to CNBC-TV18, Shankar Lal Somani, Chairman, Sumeet Industries spoke about the results and his outlook for the company.
Analysts expect order inflows of around Rs 30,000 crore for the quarter. L&T so far has announced projects worth Rs 19,100 crore in Q1FY17, which is 24 percent higher than projects announced in Q1FY16.
Hemendra Hazari, an expert, said the non-performing assets are higher than analysts expectation. This watch list is not the end of the story," he said.
Analysts and the Street expect Rajan to remain maintain a status quo -- unchanged rates. More than a few consider a rate cut in August is more likely on account of a good monsoon forecast.
Greenply Industries‘Joint MD Shobhan Mittal says weak demand conditions last year led to modest 6 percent YoY revenue growth for FY16.
Eicher Motors has upped production guidance for Royal Enfield from 620,000 units in 2016 to 675,000 in 2017. CNBC-TV18's Sonia Shenoy explains what brokerages have to say about the stock.
Arun Jain, Chairman and Managing Director of Intellect Design Arena says the company is on track to achieve its revenue guidance of Rs 1200-crore by FY18, adding, the target is to maintain gross margin between 50-53 percent..
The new MD of Bank of Baroda PS Jayakumar has informed the government that his bank won't be needing capital and neither does he see any capital dilution for the next 18-24 months
In an interview with CNBC-TV18, Irfan Razack, CMD, Prestige Estates Projects, spoke about the company's third quarter earnings and the fact that the company will all but miss its fiscal year 2016 launches and leasing guidance.
The risk of point solution and ecosystem companies offer, enterprise resource planning (ERP) providers snatching some of the business from Indian IT companies there is some possibility that we again will be at just about 9 or 10 percent in terms of FY17 numbers, says Sudin Apte of Offshore Insights
The street is very worried about order inflows and Middle East exposure. On both counts, L&T has delivered decent numbers in Q3. Further, it has broadly maintained guidance on revenues and margins.
The dismal quarter posted by HCL Technologies also saw its operating margins come off to a low of 19.4 percent.
TCS CFO Rajesh Gopinathan is confident the IT behemoth will make the transition and says its mammoth size will not be an "inherent disadvantage".
A day after TCS posted a largely muted set of quarterly earnings, CEO N Chandrasekaran said the company was witnessing 'weak spots' in the business and said its constant currency growth could see a "gap of 1.5-2 percent...explained by softness" in certain areas of the business.
Infosys is "working hard to beat its constant currency guidance", CEO Vishal Sikka told CNBC-TV18.
The company on Wednesday, post market hours, announced that its first quarter earnings may be hit on account of client-specific issue, cross currency impact and longer transition deadlines for some of its complex projects in infrastructure management services (IMS).
Federal Bank's net interest margin for FY15 was 3.27 percent, within the guidance range of 3.23-3.30. Shyam Srinivasan, MD & CEO of Federal Bank, says the goal is to improve on this figure.
Investors should focus on the positive guidance laid out by the company, which sounds â€œachievableâ€, according to Kawaljeet Saluja, executive director and head of research, Kotak Institutional Equities.
In an interview with CNBC-TV18, AN Gupta, CMD, Premier Explosives, talked about the company‘s revenue expectations for the fiscal gone by and the current one.
With L&T bagging around Rs 21000 crore of orders in the March quarter, CLSA expects it to meet the lower end of its 15-20 percent order flow guidance for FY15