The momentum is likely to continue with the festive season ahead but inflation and weak global re-covery may play spoilsport
Excluding global cyclicals, profits of the Nifty50 companies would have grown 25 percent on-year, while, excluding BFSI companies, profits would have decreased 14 percent, say analysts
Domestic crude oil producers and refiners saw their revenues jump 30.5% on-year, and 7.40% on-quarter, in March quarter.
HCL Technologies posted third quarter results that came in ahead of Street estimates. While revenue grew 6.7% sequentially driven by momentum in products and platforms, margins were flat as cost of hiring went up. In this interview with Moneycontrol, HCL Tech CEO and MD spoke about - Outlook for Q4 - Momentum in products business - Margin trajectory - Deal pipeline - Hiring plans - Return to Work - Pricing
The business of CONCOR appears richly valued from a near-term perspective, but long-term prospects appear promising
Q1 FY22 earnings reaffirm that ICICI Bank has transitioned well from a stressed bank to a growing lender. However, the valuation is not yet fully capturing the significant improvement in business fundamentals and growth story. Q1FY22 Highlights: · Net profit surged to Rs 4,616 crore, a growth of 78% YoY · NIMs improved on domestic book to 3.9% · Wrote back Rs 1,050 crore of COVID-19 related provisions created in earlier periods · High provision coverage ratio of 78% as of end June is comforting · Stock is trading at around 1.9 times FY23 estimated core book
Higher COVID-19 infections in semi urban and rural areas are likely to affect demand in the near term for V-Mart Retail
Second wave is likely to affect performance of ABFRL for a significant part of FY22. However, brand recall of the core business and huge growth potential of emerging verticals will set stage for more upside
The Titan management refrained from offering FY22 revenue guidance due to uncertainties on account of the second wave of COVID-19. Valuations are at premium to historical averages
While Q1 earnings were subdued, we expect future profitability to improve, albeit gradually, as operating leverage will play out with growth in the business