DHFL Pramerica Life Insurance (DPLI) today reported 24 percent growth in profit after tax (PAT) at Rs 15.4 crore during the quarter ending December 31, 2016.
Most non-life insurance companies have taken a hit on their profitability in the first half of the current fiscal owing to the rising underwriting losses and huge amount of paid claims, despite booking higher premium during the period.
The company's income from operations fell by 16 per cent to Rs 1,901.94 crore in the second quarter of this fiscal from Rs 2,260.40 crore in the corresponding period of the previous year.
In an interview to CNBC-TV18, Sandeep Sikka, CFO of HSIL spoke about the results and his outlook for the company.
Bajaj Finserv Ltd today reported a 31 per cent jump in consolidated net profit to Rs 576 crore for the quarter ended September 30, 2016, led by growth in financing and general insurance businesses.
Supreme Petrochem reported a 6 percent fall in revenue to Rs 681 crore as against Rs 722 crore year-on-year in the second quarter of FY17. Profit after tax (PAT) rose marginally to Rs 28 crore in the quarter gone-by.
Idea Cellular reported weak second quarter numbers with revenue falling 2 percent to Rs 9300.2 crore and profit after tax (PAT) coming at Rs 90 crore, a 59 percent fall quarter-on-quarter.
Speaking from sidelines of the Emkay Confluence, Farid Kazani, MD of Majesco said the second quarter is likely to be softer as full impact of slowing projects will be felt.
Speaking to CNBC-TV18, RK Agarwal, CFO of the company said that while Q1 was good, he expects the growth momentum to come back in second half of FY17.
Brigade Enterprises reported a lackluster first quarter with a 5.4 percent growth in revenue to Rs 459 crore and operating margins coming at 25.6 percent as against 24.4 percent year-on-year (Y-o-Y). The company‘s profit after tax (PAT) fell 22 percent to Rs 20.1 crore.
Geojit BNP Paribas Financial Services today reported a 15 per cent growth in consolidated profit after tax (PAT) at Rs 12.05 crore.
Quess Corp, which recently ventured into the logistics business on back of strong client demand, will focus on last-mile delivery business.
Sanjay Manyal of ICICI Direct is upbeat on ITC going forward and expects FMCG business to do well.
Mahanagar Gas (MGL) listed on exchanges today at Rs 540 per share, a 28 percent rise from its issue price of Rs 421 per share. Through the IPO, MGL has raised Rs 1,040 crore with a price band at Rs 380-421.
The company's profit were boosted by exceptional gain of Rs 725 crore on account of profit on sale of its Choldmandalam general insurance joint venture to Mitsui Sumitomo.
Speaking to CNBC-TV18, Areef Patel, Vice-Chairman of the company said that the company has decided to form a subsidiary for its e-commerce business and will be looking at joint venture partner for same.
Speaking to CNBC-TV18, Sajjan Bhajanka, Chairman of the company says that FY16 revenue and earnings before interest, tax, depreciation and amortization (EBITDA) is likely to remain flat.
Dilli Raj, president, SKS Microfinance says the company's asset under management (AUM) will grow by 50 percent.
Revenue growth was aided by increased per tonne realisations, Braja Mishra, CEO and MD of Welspun Corp told CNBC-TV18.
The company‘s growth in coming quarters will be aided by order inflows to the tune of Rs 8,000 crore, YD Murthy, Exec VP-Finance, NCC said.
The company undertook a strategic divestment during the quarter under review and the proceeds from the sale were used for debt repayment, which in turn helped in reducing financing cost, says Ashok Goel of Essel Propack
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.
In an interview with CNBC-TY18, , Shujaul Rehman, President & COO of Garware-Wall Ropes discusses June quarter performance and future outlook.
Jayant Mhaiskar, vice chairman & managing director, MEP Infrastructure says new orders, specifically a tolling project in Delhi will help the company achieve this growth rate.
In an interview to CNBC-TV18, Niraj Dalal, founding partner, 3A Capital Advisors says a lot of Nifty companies reported poor Q4 earnings and therefore, the market is currently factoring in a very pessimistic scenario for a couple of those stocks.