Jan March

The objective of Sovereign Green Bonds is to mobilize resources for green infrastructure as part of the government's overall market borrowings in 2022-23

Analysts raise Infosys earnings estimates after strong Q1

Infosys reported better-than-expected earnings in the first quarter, prompting brokerages to raise their earnings estimates for the current financial year. However, many say Infy's performance will have to be consistent over the next few quarters for them to upgrade the stock.

Mahindra & Mahindra beats street; Q4 net up 2% to Rs 889cr

Mahindra & Mahindra beat street on Thursday as fourth quarter net profit rose 2 percent year-on-year to Rs 889 crore and net sales were up 12 percent to Rs 10,353 crore.

Tata Motors shares jump after Q4 earnings surprise

Tata Motors reported a lower-than-expected fall in its fourth quarter consolidated net profit at Rs 3,945 crore and revenue also beat street at Rs 56,002 crore, up 10 percent, sending the shares up 4 percent in opening trade.

Jyothy Labs Q4 net plunges 57% to Rs 12 crore

FMCG company Jyothy Lab's fourth quarter net profit slumped 57 percent year-on-year to Rs 12 crore, while sales rose 24 percent to Rs 272 crore.

United Spirits net jumps; shrs slip as Diageo offer fails

Vijay Mallya owned United Spirits reported a more-than five fold jump in Q4 net profit at Rs 56 crore, while revenue gained 11 percent to Rs 2,058 crore. However, shares were down 1.5 percent following failure of Diageo's open offer.

Bank of India Q4 net shrinks 20% on higher provisions

State owned Bank of India's fourth quarter (Jan - March) net profit shrank more than 20 percent year-on-year to Rs 757 crore, squeezed by higher provisions. Bank of India shares fell almost 5 percent on Monday to close the day's trading at Rs 324 on NSE.

Future Retail: Home retail sales continue to decline

Future Retail reported a standalone net profit of Rs 2 crore and net sales of Rs 911 crore in the first quarter. While same-store sales in value retail formats have grown strongly, lifestyle retail sales grew slowly and home retail business continues to be a drag.

Ranbaxy Q1 profit likely at Rs 173cr; revenue seen down 31%

Ranbaxy's first quarter net profit is seen at Rs 173 crore, compared with a Rs 1,246 crore profit in the year ago quarter, according to a CNBC-TV18 poll. The results are not really comparable since it got a boost from launch of generic Lipitor last year.

Here's what to expect from HDFC Q4 earnings

India's largest mortgage lender - Housing Development Finance Corporation (HDFC) is likely to report 15 percent year-on-year growth in its fourth quarter (Jan - March) net profit at Rs 1,531 crore. Net interest income (NII) would grow 24 percent Y-o-Y to Rs 2,080 crore, according to a poll estimate.

New Range Rover to drive JLR margins in FY14: Credit Suisse

FY2013 has been a rather forgetable year for Tata Motors. While the domestic business continues to see sluggish demand, margins over at its luxury Jaguar Land Rover unit have been under pressure (Q3 operating margin slipped to 14 percent) due to product mix and higher marketing costs among other reasons.

Hexaware Q1 net up 20% QoQ to Rs79cr; shrs gain

Software services exporter Hexaware Technologies' first quarter net profit rose 20 percent quarter-on-quarter to Rs 79 crore, helped by new deal wins, sending its shares up more than 2 percent in morning trade on Monday.

Axis Bank Q4 beats estimates, net up 22% at Rs 1,555cr

Aided by higher interest income coupled with other income Axis Bank – the third largest private sector lender reported a forecast beating 22 percent year-on-year rise in its fourth quarter (Jan-March) net profit at Rs 1,555 crore. Net interest income (NII) rose 24 percent YoY to Rs 2,665 crore.

Here's what to expect from Wipro Q4 earnings

India's third largest software services exporter Wipro will report Jan-Mar earnings on Friday, in what has so far been a mixed quarter. HCL Technologies beat street expectations, Tata Consultancy Services was largely in-line witn estimates and Infosys shocked the street with a disappointing guidance for FY2014.

TCS confident of beating NASSCOM guidance in FY14

India's largest software services exporter Tata Consultancy Services is confident of beating NASSCOM's industry growth guidance in the current financial year.

See medium-term margins in 18-19% range: HCL Tech

HCL Technologies' margins in the medium-term will be in the 18-19 percent range, CFO Anil Chanana said on Wednesday.

Jaguar Land Rover March global sales up 16% at 53,772 units

Tata Motors owned Jaguar Land Rover's global sales in March rose 16 percent year-on-year at 53,772 units, its best ever monthly sales performance, helped by strong response for its new launches like Range Rover and Jaguar XF Sportbrake, and continued demand for the Evoque.

IT firms may report moderate growth in Jan-Mar

Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.

Bajaj Finance Q4 net jumps 52% on higher interest income

Pune-based non-banking finance company Bajaj Finance, has reported a jump of 52% year-on-year in its fourth quarter (Jan-March) net profit at Rs 108 crore, driven by higher interest income. Net interest income or the difference between interest earned and paid out, climbed 39% to Rs 389 crore.

Indian Bank disappoints in Q4, net down 21% at Rs 345 cr

Chennai-based public sector lender Indian Bank's fourth quarter (Jan-March) net profit moderated by 21% year-on-year to Rs 345 crore due to higher provisions on bad loans.

Federal Bank Q4 net up 38% on higher NII & lower provision

Private sector lender Federal Bank on Friday reported a jump of 38% year-on-year in its fourth quarter (Jan-March, FY12) net profit, aided by higher interest income and lower provisioning. Net interest income or the difference between interest earned and paid out, rose nearly 10% to Rs 491 crore.

PNB Q4 net up at 18.6%, asset quality disappoints

India's second largest lender (in terms of total business) Punjab National Bank (PNB) on Wednesday reported more than 18% year-on-year jump in its fourth quarter (Jan-March) net profit at Rs 1,424, supported by higher interest and other incomes.

Union Bank Q4 profit beats estimates, up 29% at Rs 773 cr

State-owned Union Bank of India on Wednesday reported a forecast beating 29% year-on-year jump in its fourth quarter net profit at Rs 773 crore, aided by a fall in non-performing assets (NPAs) and a rise in other income component. Net interest income or the difference between interest earned and paid out, rose more than 9% to Rs 1,876 crore.

Non-performing assets hit UBI's Q4, net up only 4%

Kolkata-based public sector lender United Bank of India on Saturday reported a muted growth of just 4% year-on-year in its fourth quarter (Jan-March) net profit at Rs 149 crore; due to two-pronged reasons: rise in provisions and fall in other income growth.

Higher int income drives Allahabad Bank's Q4, net up 55%

Public sector lender Allahabad Bank on Saturday reported a 55% year-on-year jump in its fourth quarter (Jan-March) at around Rs 400 crore aided by higher interest income and lower provisions. Net interest income or the difference between interest earned and paid out, rose nearly 12% y-o-y to Rs 1.288 crore.