Renault today posted a 7.5 percent increase in net profit in the first half, a result the French automaker said was a record in terms of profitability.
The company will work towards increasing volumes in the gastro-intestinal, anti-diabetic and cardio segments, among others, to overcome margin pressures due to industry headwinds, says Prabhat Agrawal, CEO of Alkem Laboratories.
Greenply Industries‘Joint MD Shobhan Mittal says weak demand conditions last year led to modest 6 percent YoY revenue growth for FY16.
Dish TV hopes to add around 1.5 million subscribers during FY17, says CEO Arun Kapoor in an interview to CNBC-TV18.
There is lot of traction in orders from railways and over last few weeks tenders worth over Rs 2000 crore have been floated, says Manish Mohnot, MD of Kalpataru Power Transmission
Symphony reported a net profit of Rs 47.7 crore in the second quarter ended December, 2015 versus Rs 36 crore for the same quarter last fiscal but the topline was a bit shy of estimates at around Rs 162 crore.
Rashesh Shah, Chairman & CEO of Edelweiss Financial Services expects the second half of FY16 to be slow. Volitality in the global and domestic markets will continue in the second half of this year, he told CNBC-TV18.
Talking to CNBC-TV18, Ganesh Ayyar, CEO & ED, Mphasis said that with its HP business on decline, company will focus on its digital segment and global risk and compliance in the current year.
Discussing the company‘s earnings, RS Software CMD Raj Jain said he sees a further improvement in payment business going forward and expect to achieve 22 percent growth in FY15.
Gujarat Pipavav Port is hopeful to maintain January-March operating margin of 46.5 percent in current quarter as well on the back of continuing high volumes, Prakash Tulsiani, MD, Gujarat Pipavav Port said.
The street gave a thumbs up to Hero MotoCorp’s second quarter results as net profit accelerated better-than-expected 19.4% year-on-year to Rs 604 crore and sales rose a robust 28% to Rs 5,784 crore.
Tata Consultancy Services reported a lower-than-expected 15% year-on-year rise in second quarter net profit at Rs 2,439 crore, amid continued uncertainty in global economy.
Commercial Vehicle maker Ashok Leyland missed estimates as first quarter net profit fell 30% from a year ago to Rs 86.25 crore amid high raw material costs and surge in financial expenses.