LG said January-March operating profit was likely 922 billion won ($812.98 million), compared with a 518 billion won average forecast from a Thomson Reuters I/B/E/S survey of 24 analysts. Revenue likely rose 9.7 percent from a year earlier to 14.7 trillion won.
Total income from operations rose 34.13 percent to Rs 96.23 crore during the June quarter as against Rs 71.74 crore in the same period a year ago, United Breweries (Holdings) Ltd said in a BSE filing today.
Lypsa Gems is going to issue 21 lakh fresh shares to investors at Rs 81 per share. Promoter stake will fall to 33 percent from 36 percent post issuance of shares.
The business from railways, which contributes roughly 22 percent to total revenues is doing reasonably well for Timken India but exports are slowing down, says MD Sanjay Koul.
State-owned Oil and Natural Gas Corp (ONGC) today reported a 21 per cent drop in its June quarter net profit as oil prices slumped and its output fell.
According to Assocham Secretary General D S Rawat, while a durable pick-up in investment activity remains elusive, consumption will continue to provide the main support to aggregate demand and Indian economy may grow at a healthier pace in coming quarters.
The company had posted net profit of Rs 96.83 crore during the same period of the previous fiscal.
In an interview with CNBC-TV18, Anil Jain said that the company's volume growth has been more than 13 percent in the first quarter of this fiscal and expects it to be in the excess of 10 percent for the year.
In an interview with CNBC-TV18, YD Murthy, Executive VP of Finance at NCC said that the company plans to reduce its debt by around Rs 200 crore and expects to bring down finance cost by Rs 90 crore in this fiscal.
In an interview with CNBC-TV18, MK Surana, CMD of HPCL said that the first quarter GRM does not include inventory gains.
The global economy is likely to face strong deflationary pressures over the medium to long term and central banks' easy money policies to counter this trend will likely have implications for stocks, says Chandresh Nigam, MD and CEO of Axis Asset Management Company.
In an interview with CNBC-TV18, MD & CEO Shalabh Mittal said Mercator will sustain its Q1 performance going forward with the rise in coal price boosting margins.
In an interview to CNBC-TV18, Arun Kumar, Executive VC and MD of Strides Shasun said the company may sell off its API unit after enhancing its value.
In an interview with CNBC-TV18, Rajesh Kothari of AlfAccurate Advisors talked about the hits and misses from the first quarter earnings season, including Bajaj Finance, Shree Cement and Infosys.
In an interview with CNBC-TV18, N Kamakodi, MD and CEO of CUB, said that the bank expects to close the year with 15-18 percent credit growth rate and sees net profit growth of around 10-12 percent for this fiscal.
In an interview with CNBC-TV, Ashok Reddy, MD of TeamLease said,"There is a seasonality to the business, so the Q4-Q1 comparison will not be right, Q1 to Q1 comparison that would show the right reflection of the numbers."
During the quarter, revenue from operations remained nearly flat at Rs 495.5 crore, as against Rs 492.8 crore in the year-ago period.
Net profit increased 26 percent to Rs 78.45 crore year-on-year (YoY) and EBITDA rose 24 percent to Rs 247 crore (YoY).
The company's total income from operations increased to Rs 93.84 crore in the first quarter of the current fiscal, compared to Rs 51.18 crore in the year ago period.
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.
Credit Analysis and Research (CARE) Ratings has posted a net profit of Rs 24.67 crore for first quarter ended June 30, up 41 percent from year ago.
GlaxoSmithKline Consumer Healthcare Ltd today reported a 2.92 percent increase in net profit at Rs 160.61 crore for the first quarter ended June 30, 2016-17.
In an interview with CNBC-TV18, Dilip Ghorawat, Wholetime Director and CFO of Sutlej Textiles said that the company is focusing more on exports and home textile segment and has seen exports increase by 30 percent sequentially.
"The group has posted a net profit after taxes, non-controlling interest and share of profit of associates of Rs 45.62 crore for the quarter ended June 30, 2016 as compared to Rs 223.16 crore for the quarter ended June 30, 2015," Torrent Power said in a BSE filing.
Speaking to CNBC-TV18, Sudhir Munjal, MD of Munjal Auto said that the turnover in FY17 will be 5-7 percent higher than FY16 and expects it to be around Rs 950 crore in this fiscal.