InterGlobe said it expected capacity to grow at a compound annual growth rate of about 20 percent for 2018 to 2020.
State-owned Bharat Sanchar Nigam Ltd's losses in the April-June quarter this fiscal stood at Rs 1,721 crore while total income was at Rs 7,331 crore, Rajya Sabha was informed today.
The poll also found that economists expect the newly-passed goods and services tax (GST) will take time to have an impact on gross domestic product growth.
Idea Cellular has missed Street estimates with a weak performance for the April-June quarter. The company on Monday said its standalone profit slumped 36.1 percent to Rs 497.1 crore from Rs 777.8 crore in the year-ago period.
Shriram City Union Finance has reported a 23 per cent rise in its net profit at Rs 181.79 crore for the first quarter ended June 30, 2016.
Denim and apparel fabric manufacturer KG Denim has reported a solid 481 percent growth in profit at Rs 9.3 crore on strong operational performance and low cotton prices & energy cost, though revenue declined 3.3 percent at Rs 154.4 crore on yearly basis.
During the quarter, 2,92,822 million units of power was supplied against the demand of 2,95,344 million units, Power Minister Piyush Goyal said in a written reply to Lok Sabha.
Can Fin Homes has reported a jump of 54.9 per cent in the April-June quarter's net profit at Rs 49.72 crore.
Total income from operations, on a standalone basis, fell by 20.26 percent to Rs 438.99 crore as against Rs 550.54 crore in the April-June quarter of previous fiscal.
The global financial services firm has also lowered its growth projection for financial year 2016-17 to 7.6 percent from 8.3 percent earlier. India's GDP growth rate slipped to 7 percent in the April-June quarter of 2015-16, from 7.5 percent in the preceding quarter.
Total income from operations plunged 92 percent to Rs 20.88 crore during the quarter compared to Rs 266 crore in same quarter last year.
The company had posted a net loss of Rs 53.63 crore in the same period of previous fiscal, it said in a filing to BSE.
The company had posted a standalone net profit of Rs 32.79 crore during the April-June quarter of the previous fiscal, TV Today Network said in a filing to NSE.
Another paper manufacturing company JK Paper also registered smart growth in April-June quarter. It turned profitable during the quarter with net at Rs 16.8 crore against loss of Rs 22.5 crore in the year-ago period and revenue soared by 19.5 percent to Rs 585.3 crore. The stock surged 10 percent to hit multi-year high of Rs 46.80.
The company had reported a standalone net profit of Rs 80.19 crore in the same quarter a year ago.
Analysts expect cement volumes to decline in April-June quarter (following weakness in past two consecutive quarters) due to poor sales seen in Southern and Northern markets.
Zee said advertising revenues for the quarter were Rs 779.9 crore, recording a growth of 25.4 percent over Q1 FY15 and subscription revenues were Rs 462.5 crore during the quarter, recording a growth of 12.2 percent over Q1 FY15.
Private sector lender DCB Bank's first quarter net interest income (the difference between interest earned and interest expended) rose 1 percent to Rs 140.38 crore in the quarter ended June 2015 from Rs 138.98 crore in the year-ago period.
â€œThe quarter witnessed robust 8.9 percent sequential growth in international geographies which helped maintain operating margins at 16.3 percent despite wage hikesâ€ said Arvind Thakur, CEO and Joint MD, NIIT Technologies.
"We expect around 15 percent year-on-year profit after tax (PAT) growth for private banks with stable pre-provision operating profit (PPOP) growth. PSUs will likely have a tough quarter operationally with elevated asset quality stress along with pressure on net interest margins," said Nomura.
India's economic growth likely languished at a decade-low of around 4.6 percent in the April-June quarter, gross domestic product (GDP) data are expected to show on Friday, with the deepening slowdown sparing few sectors in Asia's number three economy.
Revenues of Essar Oil increased by 12 percent year-on-year to Rs 24,721 crore while it reported a net loss of Rs 863 crore during April-June quarter as against net loss of Rs 1,518 crore Y-o-Y.
Profit after tax of the tractor manufacturer Escorts jumped 3 times year-on-year to Rs 58.3 crore and revenues rose by 16 percent Y-o-Y to Rs 1,176 crore during April-June quarter.
Gross refining margin soared 49 percent to USD 7.01 a barrel from USD 4.69 a barrel, reflecting the higher complexity benefits of expansion and optimisation projects, says Essar Oil in its filing.
Amara Raja Batteries' first quarter total income jumped 28.4 percent to Rs 893.8 crore during April-June quarter from Rs 696.2 crore in a year ago period.