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Motilal Oswal has come out with its earnings estimates on utilities sector for December quarter FY13. The research firm expects utility companies in their coverage to report aggregate 3QFY13 revenue growth of 15% YoY and PAT growth of 12% YoY.
S Narsing Rao, Chairman, Coal India said the company expects to maintain its 8.5 percent off take throughout this fiscal. However, he is hopeful of higher volumes.
Country's largest coal mining company Coal India's (CIL) profit after tax is expected to rise by 21.5 percent year-on-year to Rs 3,150 crore in the second quarter of current financial year.
Motilal Oswal has come with its September quarterly earning estimates for utilities sector. Research firm expect utilities companies (excluding Coal India) to report aggregate revenue growth of 9% YoY and PAT de-growth of 2% YoY for 2QFY13.
Despite disappointing earnings, Angel Broking is bullish on Tata Steel at these levels. Given Coal India‘s better than expected Q1 earnings, the broking firm is likely to upgrade the stock from neutral to accumulate.
The country's largest coal mining company Coal India's consolidated net profit grew better-than-expected 7.9% year-on-year to Rs 4,469.3 crore in the quarter ended June 2012 supported by higher other income. Analysts on an average had expected it in the vicinity of Rs 4,372 crore
Coal India CMD S Narsing Rao says that they aim to achieve an off-take of 113 million tonne is Q2, and 470 million tonne in FY13.
Coal India, country's largest coal mining company is set to declare its first quarter results of financial year 2012-13. Analysts on an average expected profit after tax to grow by 5.5% year-on-year and 8.9% quarter-on-quarter to Rs 4,372 crore.
Prabhudas Lilladher has come with its June quarterly earning estimates for metal & mining sector. The research firm maintain negative outlook on the sector as deteriorating demand environment raises downside risks to steel pricing.
Coal India (CIL) announced its consolidated results for the quarter and year ended March 31, 2012. Hit by stagnant volumes and a steep increase in wage bills, the group's net profit in the fourth quarter of 2012 declined little below 5% to Rs 4013.41 crore as compared to Rs 4220.92 crore in the previous year.
Coal India, CMD, S Narsing Rao spoke to CNBC-TV18 after announcement of results and said that he is confident the PSU will meat its production target for the year.
Coal India is to announce its Q4FY12 results. According to CNBC-TV18's estimates, the company's Q4 net sales are seen up 21% at Rs 18,118 crore versus Rs 15016.2 crore.
Angel Broking has come with its quarterly earning estimates on metal sector for March 2012. The research firm expects, non-ferrous companies to register a dip in their top line on a yoy basis, owing to the decline in LME prices.
Prabhudas Lilladher has come with its March quarterly earning estimates for Metals and Mining sector. As per the research firm, it is believed that the current recovery in prices is primarily driven by restocking rather than any real pick-up in the demand.
Angel Broking has come with its December quarterly earning estimates for Metal sector. According to the research firm, for Q3FY12, the steel space will continue to face challenges (as witnessed in 2QFY2012) amid high raw-material costs, low demand and ongoing European debt crisis.
Motilal Oswal has come with its December quarterly earning estimates for utilities sector.
Coal India, the world's largest coal miner, witnessed 74% rise in Q2 net profit on a year-on year basis, given the rise in coal prices. Its net profit for Q2 stood at Rs 2,593 crore.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended September 2011. According to the research firm, Coal India September quarter net sales are expected to go up by 15.9% at Rs 12850.5 crore, year-on-year (YoY) basis.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended September 2011. According to the research firm, Coal India September quarter net sales are expected to go up by 18.2% at Rs 13,774 crore, year-on-year (YoY) basis.
Dolat Capital has come out with its earning estimates on metal sector for the quarter ended September 2011. According to the research firm, Coal India September quarter sales are expected to go down by 11.8% at Rs 12784 crore, year-on-year (YoY) basis.
Coal India is expected to report a fall of 6% (QoQ) in profits for the first quarter of FY12. During the period, profit after tax of the company is likely to go down at Rs 3,935 crore as against Rs 4,221 crore in the previous quarter.
Cement manufacturer ACC reported a 6% dip in profit after tax (PAT) at Rs 328 crore for the quarter-ended June 2011. The EBITDA margins came in at 21.6% compared to 25.5% year-on-year. Speaking exclusively to CNBC-TV18, CFO Sunil Nayak said, the dip in EBITDA was due to higher raw material prices and power supply issues.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended June 2011. According to the research firm, Coal India June quarter sales are expected to go up by 28.4% at Rs 14681 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended June 2011. According to the research firm, Coal India June quarter net sales are expected to go up by 26.3% at Rs 15,078 crore, year-on-year, (YoY) basis.
"About 30% of our revenues came from sales through market driven price and 70% was from the FSA (Fuel Supply Agreement) based notified price sale," Coal India chairman NC Jha told CNBC-TV18 in an interview.