Aug 16, 2011 12:28 PM IST
Parsvnath Developers announced it first quarter results for FY12. The company reported a consolidated net profit of Rs 25.8 crore in the quarter ended June 2011. The company has been planning for Rs 2000 crore QIP. Chairman Pradeep Jain said that they would use this fund to reduce their debt on the balance sheet.
- Aug 13, 2011 04:35 PM IST
State Bank of India's (SBI) net profit fell 45.7% to Rs 1,584 crore in the first quarter of FY12. Addressing a press conference, the management said that hike in base rate is expected to improve the margins further. "We expect NIMs of above 3.5% in FY12."
- Aug 13, 2011 03:57 PM IST
Head of financial research at Macquarie Research, Suresh Ganapathy told CNBC-TV18 that the rate of accretion of non-performing loans (NPLs) at margins could see a slowdown. He feels that SBI should raise capital in FY12 or at the beginning of FY13; otherwise, they will have issue to grow their book.
- Aug 12, 2011 03:50 PM IST
Chairman and managing director of Brigade Enterprises, MR Jaishankar told CNBC-TV18 said that they would launch about 10 million square feet in this financial year. He also informed that they would be able to do about 31 million square feet of projects in FY12 in five-six years.
- Aug 12, 2011 02:00 PM IST
Chairman and managing director, KK Singh gave guidance for the next year that they would do 15% for both, margins and revenues. The company had begun an Intellectual Property (IP) oriented company and saw an improvement in its margins. The company’s order book is also getting healthier now, he added.
- Aug 04, 2011 01:02 PM IST
Hindustan Copper announced its first quarter results. The company's Q1 net profit was up 132% at Rs 60.4 crore versus Rs 26 crore and net sales were up 19% at Rs 269 crore versus Rs 226 crore. Hindustan Copper’s chairman and managing director, Shakeel Ahmed told CNBC-TV18 that they don’t look to raise funds through a follow on public offer (FPO).
- Aug 01, 2011 12:45 PM IST
Sunil Kanoria, vice-chairman of SREI Infrastructure, in an interview with CNBC-TV18's Sonia Shenoy and Latha Venkatesh, said that the company is not very optimistic about Q2 and Q3 because of the current environment. He said, "We expect to pass on some of the interest rate hikes to our customers in Q2."
- Jul 29, 2011 05:07 PM IST
Japanese drug-maker Daiichi Sankyo today reported a 23.5% drop in net income to 25.30 billion yen (USD 326 million) for April-June, 2011, on account of weak sales by its Indian unit Ranbaxy Laboratory, coupled with earthquake-related damage costs.
- Jul 29, 2011 02:10 PM IST
Sanjiv Bajaj, managing director of Bajaj FinServ & Investments, in an interview with CNBC-TV18's Latha Venkatesh, said that their will either be a slowdown on topline growth or crimping of margins with Reserve Bank of India's (RBI) shocking rate hike.
- Jul 29, 2011 01:04 PM IST
India-focused mining group Vedanta posted record first-quarter core earnings, driven by continued strength in metals prices and higher zinc production.
- Jul 29, 2011 11:32 AM IST
Sushil K Maroo, director of Jindal Steel & Power (JSPL), in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the power sales numbers will improve from third and fourth quarter onwards.
- Jul 27, 2011 01:53 PM IST
IT consulting and software services provider Hexaware Technologies today posted a four-fold jump in second quarter net profit to Rs 60 crore for the period ended June 30, 2011.
- Jul 22, 2011 04:50 PM IST
Allahabad Bank today announced its first quarter results for FY12. Chairman and managing director of the company, JP Dua said that the net interest income had grown by 38.24% from Rs 850 crore to Rs 1,176 crore.
- Jul 22, 2011 04:49 PM IST
Shiv Kumar, vice president of finance at Jet Airways, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, gave his perspective of the first quarter performance and divulged future plans.
- Jul 15, 2011 05:48 PM IST
In the quarter ended June 2011, Tata Consultancy Services (TCS) reported better than expected results. Infosys' results, however, narrowly missed street expectations.
- May 30, 2011 05:59 PM IST
S Varadarajan, executive director (Finance) of BPCL, in an exclusive interview with CNCB-TV 18's Gautam Broker and Latha Venkatesh, gave his perspective on the fourth quarter numbers and the road ahead.
- May 13, 2011 11:53 AM IST
Chandu Chavan, chairman of Innoventive Industries, in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said the company expects growth in consolidated sales to Rs 850 crore and profit after tax (PAT) to Rs 90 crore in FY12.
- May 09, 2011 03:23 PM IST
Great Eastern Shipping shares tumbled around 5% to close at Rs on Monday as investors are worried of pressure on revenue growth for this year.
- May 06, 2011 11:36 AM IST
As part of their revised M&A strategy for FY12, IT mqajor Infosys is likely to hike its M&A budget up to USD 1 billion from its earlier USD 250-500 million
- Apr 07, 2011 03:00 PM IST
In an exclusive interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, RK Agarwal CFO of Jagran Prakashan says that company is confident to see a growth of above 20% in FY12.
- Apr 05, 2011 04:54 PM IST
At the Indian Association of Investment Professionals (IAIP) Forecast, experts discuss about the various asset classes and equities and share their outlook for FY12.
- Mar 10, 2011 01:57 PM IST
State-run Union Bank of India is scouting for partners for its wealth management business, which it plans to launch in FY12, a senior official told Reuters on Thursday.
- Mar 09, 2011 03:14 PM IST
State-run Corporation Bank expects squeeze on its margins in the first half of FY12 due to higher cost of funds and advances to grow by a quarter in the year, a top official told Reuters on Wednesday.
- Feb 04, 2011 05:14 PM IST
Cox & Kings has reported consolidated a net profit at Rs 23 crore for the quarter ended December 2010 as against Rs 19.3 crore in same period the previous year. Consolidated revenues increased to Rs 108 crore from Rs 78.9 crore.
- Jan 31, 2011 09:16 PM IST
KEC International sees quarter ending March would be better than all the quarters in the financial year 2010/11, its chief executive officer and managing director said on Monday.