The company's revenues from operations were almost flat at Rs 426.7 crore against Rs 425.5 crore in the first quarter of FY17, according to a statement issued by the city-based logistics provider.
However, while the improvement in margins is commendable, sustenance of the same remains a question in light of growing competition and weak urban consumer sentiment.
Life insurance penetration stood at 2.72% while general insurance penetration stood at 0.77%, finds a report by global reinsurer Swiss Re.
For Shriram Transport Finance, the last 5 years have been harrowing. In FY17, the company ended the year with a profit of Rs 1257.3 crore. Does the future look better? Perhaps yes, but the wait may be a bit longer.
The official said that options like offer for sale (OFS), share buyback, block deal and exchange traded fund (ETF) were used for the first time to carry out the divestment procedure.
Indian markets are ending FY17 on a high amidst global and domestic headwinds.
The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.
The Indian economy will likely grow at 7.1 percent in 2016-17, 0.5 percentage points slower than the previous year‘s 7.6 percent expansion, government data showed on Friday, adding to deceleration fears caused by an economy-wide cash-crunch.
In an interview to CNBC-TV18‘s Latha Venkatesh, Pronab Sen, Former Chief Statistician spoke about the advanced estimates of the FY17 GDP to be announced by the CSO on January 6.
Dinesh Dua, Director of Nectar Lifesciences Dinesh Dua said the company stands to gain from pharmacies destocking due to demonetisation. He expects a good Q4 show as chemists will restock supplies.
Speaking to CNBC-TV18 Gautam Chhaochharia, Head of India Research at UBS Securities, said that the longer India story remains intact. Demonetisation doesn‘t impair the economic trajectory in the long term.
IT services provider Mphasis' second quarter profit is seen rising 0.3 percent sequentially to Rs 205 crore, according to average of estimates of analysts polled by CNBC-TV18.
Media conglomerate Zee Entertainment Enterprises' profit during July-September quarter increased 27 percent year-on-year to Rs 238.4 crore on strong revenue as well as operational performance but impacted by lower other income and higher tax cost.
Banking and financial stocks will be in focus towards the end of next week, especially ahead of RBI's fourth bi-monthly policy statement that scheduled to be announced on October 4.
Mindtree's recent revenue warning for the September quarter is indicative of a "difficult" FY2016-17 for the Indian IT sector, analysts said today.
Asserting that the successful turnaround of the technology company has been put behind, NIIT CEO Rahul Patwardhan told CNBC-TV18 that he expects the company's will clock a double-digit revenue growth going ahead.
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.
Anil Rai Gupta, Chairman and Managing Director, Havells India, said all of the company's verticals, except cables, saw 20 percent growth in the quarter.
While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.
Earnings of Sensex companies are expected to drop 2 per cent led by telecom, energy, automobile and banking sectors, during the first quarter of 2016-17 over the same period a year-ago, says a report.
Girish Agarwaal of DB Corp hopes to sustain the 38 percent margin coming from its radio business, and that ad revenues will bounce back in the first quarter of FY17.
The newly listed Thyrocare Technologies aims to maintain the revenue growth of 30 percent in FY17, says the CEO and CMD A Velumani, in an exclusive interview with CNBC-TV18.
According to Motilal Oswal, margins are likely to improve to 25 percent in FY18 from from 19.9 percent in FY16, given that there are multiple levers for margin expansion.
Doubling subscriber base and last-mile connectivity model will ensure revenue flows to Ortel Communication's topline, bottomline and EBIDTA, says President and Chief Executive Bibhu Prasad Rath.
Kishore Lulla, executive director Eros International, the maker of recent box office hit Housefull 3, says he is confident that the company will better its margins, catalogue and syndication revenues in FY17.