BUSINESS
Eicher Motors Q3 Results Preview: Revenue likely to increase 3-7%, PAT may decline 3-8%
Availability of semiconductors for ABS (anti-lock braking system) aids recovery in volumes towards end of the reported quarter, Volvo-Eicher Commercial Vehicles (VECV) volumes improve QoQ, but higher discounts and cost inflation to keep margins in check, experts said.
BUSINESS
LIC IPO: Key points regarding allocation to anchor investors
LIC IPO: 60 percent of the QIB Portion may be allotted to anchor investors on a discretionary basis and one third of the anchor investor portion shall be reserved for domestic Mutual Funds
BUSINESS
ONGC Q3 Results | Profit jumps 220% on year to Rs 11,637 crore, revenue gains to Rs 1.46 lakh crore
The company has declared 2nd interim dividend of Rs 1.75 per equity share of face value of Rs 5 each i.e. 35%, for the Financial year 2021-2022.
BUSINESS
Divi’s Laboratories Q3 Results | Profit rises 92 percent to Rs 902 crore, revenue comes at Rs 2,493 crore
The growth was driven by a strong traction in contract manufacturing as well as higher contribution from molnupiravir, an oral anti-viral treatment for COVID-19 and nutraceuticals or nutritional supplements
BUSINESS
As the yields rise in US, will the RBI’s ‘contrarion’ stance put it behind the curve?
The central bank is of the opinion that the inflation is largely driven by the base effect in the near term and given the benign outlook on food inflation, it doesn’t have any serious concerns on this front.
BUSINESS
ONGC Q3FY22 Results Preview | PAT is expected to rise 500% from last year, revenues to increase 65%
Lower oil and gas volumes partially negate the positive impact of higher realisations. Gas production from the KG basin remains crucial as any further delay could dampen near-term sentiment.
BUSINESS
Hero Motocorp Q3 Result | Net profit declines 37% to Rs 686 crore, revenue to Rs 7,883 crore
The current fiscal has seen the domestic two-wheeler industry impacted by twin challenge of softer demand due to pandemic and margin squeeze due to sharp commodity cost inflation, said Niranjan Gupta, Chief Financial Officer
BUSINESS
Taking Stock | Market cheers RBI’s accommodative stance; Sensex gains 460 points, Nifty closes above 17,600
On the NSE, all sectors barring Auto and PSU Banks settled in the green. Nifty Media was the biggest gainer as it was up 1.66 percent followed by Nifty Metals which edged higher by 1.24 percent.
BUSINESS
RBI monetary policy | Experts hail continued accommodative stance as pro-growth
The market expectations were divided on a reverse repo rate hike, however, the RBI chose to focus on managing the surplus liquidity through variable repo rate and variable reverse repo rate auction without disrupting market yields
BUSINESS
Hero Motocorp Q3FY22 Results Preview: Net profit may decline 35-40%, revenues 20-30%
Lower volumes and higher cost of raw materials likely to negate the impact of higher realisations and will likely result in another subdued quarter
BUSINESS
Mahindra & Mahindra Q3FY22 Results Preview: Revenues likely to increase 9-10%; PAT may decline 30-40%
Inflationary pressure on raw material costs coupled with lower volumes and inferior product mix likely to push the margins and profitability southwards
BUSINESS
Power Grid Q3 results | Profit declines 2.2% to Rs 3,293 crore, revenue up 3% to Rs 10,447 crore
The company has declared a second interim dividend of Rs 5.50 for the financial year 2021-22
BUSINESS
Explained | How rising bond yields suck up FII flows to emerging equity markets
As bond yields increase, the opportunity cost of investing in equity markets also rises. This is denting fund flows to riskier equity markets
BUSINESS
Power Grid Results Preview: Profit may increase 2-10%, revenues likely to grow 5-10%
Growth is likely to be driven by the robust rate of asset addition in the base business which will aid transmission revenues.
BUSINESS
US-Japan steel tariff deal: What does it hold for Indian steel industry?
In March 2018, India was part of the first round of countries that were hit by Trump’s national security tariffs which had already limited steel exports from India to US
BUSINESS
Tata Steel Q3 Results | Profit jumps 2.5 times to Rs 9,573 crore, revenue to Rs 60,783 crore
"We continue to drive value accretive growth in our chosen segments and our performance in key segments such as auto was robust despite the sector being impacted by the semiconductor shortage," said TV Narendran, Chief Executive Officer & Managing Director.
BUSINESS
Taking Stock | Sensex down 143 points, Nifty below 17,550 in choppy trade; metals shine
On the NSE, selling was spread across sectors. Barring metals, FMCG and IT, all sectors ended the day in the red. Broader markets mirrored the benchmarks. BSE midcap was down 0.68 percent and smallcap 0.45 percent
BUSINESS
Shree Cements Q3 results | Profit slips 21.5% to Rs 492 crore, revenue grows to Rs 3,552 crore
The lower volumes coupled with higher pet-coke and fuel costs severely impacted the margins of the company. The operating margins for the quarter came in at 26 percent, slumping by about 10 percent from 36 percent reported in the same period a year ago.
BUSINESS
Is the bubble going to burst for FAANG, let’s find out?
Barring Facebook and Netflix, to a certain extent, other giants have delivered confidence-boosting earnings, which shows that their businesses are on a sound footing to face the challenges of the macroeconomic environment
BUSINESS
Divi's Laboratories Q3 results preview: Revenue likely to increase 25-30%
Revenue growth is likely to be aided by higher contribution from molnupiravir, an oral anti-viral treatment for COVID-19
BUSINESS
Shree Cements Q3 Results Preview | Performance may be hit by double-edged sword of low demand and high input cost
The net profit for the quarter may fall by about 10-20 percent on-year on higher costs, revenues may improve 2-4 percent
BUSINESS
Tata Steel Q3 preview | Profit may more than double as revenue increases 40-60%
The company may report a sequential decline in performance in the quarter due to higher coal and energy prices and a slight drop in volumes
BUSINESS
ITC Q3 results | Profit rises 12.7% YoY to Rs 4,156.20 crore, revenue jumps 32.5%
Unprecedented inflation in commodity prices, increase in energy costs and persistent global supply chain disruptions weighed on the macroeconomic environment, said the company.
BUSINESS
NTPC Q3 profit jumps 19.3% to Rs 4,626 crore, operating income grows 26%
NTPC Q3 Results | Its gross generation at the end of December 2021 was at 72.7 billion units, up by 7.28 billion units compared to 65.418 billion units of generation at the end of December 2020, it adds.
