Third-quarter group earnings before interest and taxes (EBIT) rose 20 percent from a year ago to 668 million euros ($790 million), clearly above analysts' average forecast of 541 million euros in a Reuters poll.
The CAG today said Air India "actually incurred" an operating loss of Rs 321.4 crore in 2015-16, even the airline maintained it had an operating profit of Rs 105 crore based on generally accepted accounting standards.
BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.
Leading bourse National Stock Exchange (NSE) on Tuesday asked brokers to submit net-worth certificate in electronic format for the first half of the current fiscal by November 30.
According to a CNBC-TV18 poll, BHEL was expected to post weak June quarter. The company was seen reporting net loss at Rs 15 crore in April-June quarter while revenue was likely to be flat at Rs 4630 crore. Its EBITDA loss in Q1 was expected at Rs 205 crore year-on-year.
Anant Gupta, the company‘s CEO, speaking to CNBC-TV18, said that organic growth in the first quarter was higher on back of strong foundation in different sectors.
Sanjay Manyal of ICICI Direct is upbeat on ITC going forward and expects FMCG business to do well.
The next trigger for the stock would be launch of Reliance Jio and the commentary on its expected performance, said Sudeep Anand of IDBI Capital Markets Services.
There is a marked improvement in the visibility of earnings for ITC, says Ritwik Rai, analyst at Kotak Securities.
SP Tulsian, sptulsian.com, shares his views on the sugar stocks, Zee Entertainment and why he would prefer not going for a long call on its stock and why he is bullish on Asian Paints.
During the period, EBIT may come in at Rs 102 crore (12.2 percent) against Rs 100 crore (or 12.3 percent).
During the quarter, petro chemical EBIT is likely to be down 1 percent at Rs 2620 crore against Rs 2639 crore on sequential basis. Refining EBIT may be 4 percent lower at Rs 6233 crore versus Rs 6491 crore (QoQ).
Experts on CNBC-TV18 say that rupee depreciation helped margin growth for the IT bellwether. But watch out for recession in IT sector in another two-three quarters which might hit the company.
Speaking to CNBC-TV18, Mr G Padmanabhan, former Executive Director of RBI and Chairman, Bank of India says that more than the numbers, one needs to focus on capital raised and how much it can help in improving bad loan situation.
"The ratings reflect our expectation that JLR Automotive Plc will continue to maintain sound profitability and a strong financial profile, despite a period of heavy investment to become a higher-volume premium manufacturer," Fitch Ratings said in a statement issued from Singapore.
The company is hopeful of USD 300 million deal wins for the year after wining around USD 166 million of total contract value (TCV) in the first half, said Ganesh Ayyar, CEO, Mphasis in an concall to CNBC-TV18‘s Reema Tendulkar.
The Noida-based firm said its EBIT (operating earnings) is also expected to be negatively affected by 80 basis points. During this quarter, the US dollar continued to strengthen against almost all global currencies, HCL Technologies said in a statement.
In an interview to CNBC-TV18, Amit Bhatnagar, MD, Diamond Power Infrastructure, said the flood in the plant and capacity constraints have impacted the conductor business during the quarter. He expects EBIT margins to stay in the range of 10-11 percent for the next two quarters.
Umesh Choudhary, Vice Chairman, Titagarh Wagons says there have been news reports on earnings of railways having dropped for the first time. He says it is a vicious cycle, if they do not make new capital investment it would hit their earnings.
As far as the pricing environment goes, Krishna Bodanapu, President & COO of Infotech says the days of automatic price increases are over.
In an interview to CNBC-TV18, Naresh Takkar, MD of ICRA speaks about the company's earnings for the June quarter. He expects margins to be hit in the coming quarters if the market conditions did not improve.
The India's third largest software services exporter reported a revenue growth of 17 percent YoY (8 percent sequentially) to Rs 6,944 crore in April-June. Its US Dollar revenue was up 14 percent YoY to USD 1,228 million.
Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.
Analysts on average expect the company to report a Rupee revenue growth of 5.5 percent sequentially to 11,029 crore, while Dollar revenue is seen up 1 percent at 1.96 billion.
Prabhudas Lilladher has come out with its earnings estimates on Reliance Industries (RIL) for the March quarter FY13. According to the research firm, the company's Q4FY13 sales are likely to go up by 9.9 percent at Rs 93622.7 crore, year-on-year (YoY) basis.