SIAM president Shailesh Chandra noted that the flat sales of passenger vehicles in the first half of 2024-25 came as a 'slight surprise' for the automobile industry, but it is expecting a rebound in the second half due to the festival season.
Vinod Aggarwal, President of SIAM, said that sales of entry-level cars continued to skid due to the constant stress in the rural economy
Private Final Consumption Expenditure (PFCE), which is a significant component of overall GDP numbers, rose by 8.61 percent as compared to Q2 FY21, and came in at Rs. 19.48 lakh crore.
There‘s weakness is rural markets and while the FMCG industry has been focussing on harnessing rural growth, demand hasn‘t been great, said Sumit Malhotra, Managing Director of Bajaj Corp. He said that the sector is still one-two quarters away from rural recovery.
Multiplex operator Inox Leisure today reported a decline of 92.56 per cent in its consolidated standalone net profit to Rs 1.58 crore for the second quarter ended September 30, 2016.
Tata Sponge Iron today reported an over two-fold jump in its consolidated net profit at Rs 16.06 crore for the quarter ended September 30.
Nifty companies are likely to witness a modest growth in the second quarter of the current fiscal, but will fare better thereafter on account of sustained policy reforms, above normal monsoon and benign interest rates, says a report by ICICI Securities.
Smartphone shipments stood at 23.3 million units in the same period a year ago. The shipments increased over six percent from 26.5 million units in the April-June 2015 quarter.
The company had posted a net profit of Rs 33.52 crore in the year-ago period. Total income declined to Rs 98.85 crore in the July-September quarter of current fiscal from Rs 208.39 crore in the same period of the last fiscal, as per the company's BSE filing.
The company had a net profit of Rs 49.93 crore in the July-September quarter last fiscal. However, consolidated net sales during the quarter under review was up 9.37 percent to Rs 1,059.77 crore as against Rs 968.92 crore of the same period of last fiscal, Voltas said in a regulatory filing.
The company had reported a net loss of Rs 1.32 crore in the year-ago period. Total income from operations fell to Rs 229.92 crore during July-September quarter of current financial year from Rs 256.07 crore in the year-ago period, as per the company's filing on BSE.
The company had reported a net loss of Rs 1.32 crore for the July-September quarter of last fiscal.
The company had clocked a net profit of Rs 21.95 crore in the year ago period. Net sales of the company during July-September quarter rose to Rs 1,327.17 crore from Rs 1,555.30 crore in the year ago period, the company said in a BSE filing.
Company's net profit for the July-September quarter of the previous fiscal was at Rs 173.91 crore. The small rise in net profit was mainly attributed to higher provisioning and write-off as well as high cost of borrowing.
The company had clocked a profit of Rs 31.49 crore in the year ago period. Total income from operations rose to Rs 171.27 crore in the July-September quarter of the current financial year from Rs 147.40 crore in the year ago period, the company said in a regulatory filing.
The total sales grew by 8.1 percent to Rs 5,504 crore in the July-September quarter of the current fiscal as compared to Rs 5,092 crore in Q2FY15, the company said in a release.
The company had posted a net profit of Rs 82.35 crore during the same period of previous fiscal. However, net sales of the company declined to Rs 1,399.99 crore for July-September quarter as compared to Rs 1,425.76 crore in the same period of previous fiscal.
The bank had posted a net profit of Rs 101.90 crore for the July-September quarter of 2014-15 fiscal.
The company's total income on standalone basis increased 11.58 percent to Rs 716.66 crore during the July-September quarter against Rs 642.24 crore a year ago.
The company had clocked a net profit of Rs 166.06 crore in the year ago period. Total income from operations during the July-September quarter rose to Rs 2,801.46 crore from Rs 2,662.32 crore in the year ago period, as per company's BSE filing.
Total income from operations is seen rising 1 percent to Rs 3,290 crore during the fourth quarter of FY14 from Rs 3,259 crore in same quarter last year.
The company earned an exceptional gain of Rs 1,145 crore on account of completion of sale of a land at Borivali, Mumbai. If this exceptional income is removed from profit, then earnings missed street expectations on every front.
Net sales grew by 28.7 percent (higher-than-expected) to Rs 1,605.3 crore in the quarter ended September 2014 compared to Rs 1,247.5 crore in the year-ago period driven largely by cement business on capacity additions.
Operating profit (earnings before interest, tax, depreciation and amortisation) surged 45.9 percent on yearly basis to Rs 325 crore and margin expanded 210 basis points to 28.5 percent as against expected growth of 34 percent and 190 basis points, respectively.
Consolidated core operating profit (ex-forex) is seen falling 32.1 percent quarter-on-quarter to Rs 1,151 crore and margin may fall 160 basis points to 30.8 percent in the quarter gone by.