March Quarter

Seasonal impact will weigh on Infosys Q4 revenue, which is seen falling 1.1 percent sequentially to Rs 38,413 crore, according to the median estimate of 13 brokerages polled by Moneycontrol

Dixon Technologies gains 9% after strong Q4 performance

The company reported a 27.7 percent year-on-year (YoY) jump in consolidated net profit at Rs 80.6 crore for the fourth quarter that ended March 31, 2023. Consolidated revenue stood at Rs 3,065.5 crore during the period, up 3.8 percent against Rs 2,953 crore a year ago.

Latent View slumps 9% after profit shrinks QoQ

The company reported a net profit of Rs 34.20 crore in March quarter, down 34.81 percent from a quarter ago. Revenue fell 3 percent to Rs 141.06 crore from last quarter.

Canara Bank consolidated net profit jumps 74% to Rs 3,337 crore in March quarter

The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the year-ago period.

Coal India net profit declines 18% on higher provisions, misses estimates

The company also recommended a final dividend of Rs 4 per share. Earlier in two tranches a total dividend of Rs 20.25 per share was already paid out.

Paytm posts 52% surge in Q4 revenue, narrows down losses to Rs 168 crore

The user engagement on the platform continued to grow with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27 percent YoY to 9 crore.

Looking at a capex of Rs 12,000 crore in FY 2024: Praveer Sinha Tata Power CEO & MD

The government has set ambitious annual targets for bidding out 50GW if renewable energy projects every year. Tata Power will actively participate in these tenders, Sinha said.

18 companies record stake hike by promoters, and foreign and domestic institutions

The likes of Bajaj Holdings & Investment, Shriram Finance, and Deepak Nitrite led the pack in terms of market capitalisation

Surya Roshni hits new high on Q4 boost, has surged over 70% this year

The firm reported a 9 percent decline in its March quarter earnings while net profit doubled to Rs 155.54 crore from Rs 82.48 crore a year ago. EBITDA advanced 76% to Rs 212 crore

LNG demand expected to increase if prices stabilise: Petronet LNG CEO

Akshay Kumar Singh, MD and CEO, Petronet LNG said with the softening of LNG prices in the international market more cargoes on a spot basis are coming in the country.

Tata Chemicals Q4 result: Profit surges 62% to Rs 709 crore

Tata Chemicals Q4 result: Consolidated revenue from operations grew 26.6 percent to Rs 4,407 crore over the year-ago period, with the basic chemistry products segment growing 32 percent.

Godrej Properties posts 58% jump in Q4 net profit at Rs 412 crore

The company's board has approved the raising of Rs 2,000 crore via the "issuance of NCDs, bonds and/or other debt securities on a private placement basis".

Titan Q4 net profit zooms 50% to Rs 734 crore

The analysts expected it to report year-on-year growth of 50 percent in its standalone profit after tax (PAT) at Rs 737 crore.

India’s banks have it all, except caution

Strong profit growth has put Indian financiers’ optimism in overdrive, but is it sustainable? Skimping on loss provisions is risky, especially when this strategy has backfired in the past

HUL chief Sanjiv Mehta sees end to volatility in 4-5% volume growth for FMCG

For FY23, HUL's rural volumes declined 7 percent while in Q4 FY23, the fall was about 3 percent

Life insurance stocks record renewed interest as investors shrug off growth concerns

Shares of the largest life insurer LIC have risen nearly 1 percent. ICICI Prudential Life Insurance Company's stock has gained nearly 2 percent, while Max Financial Services Ltd has gained roughly 1 percent. HDFC Life Insurance and SBI Life Insurance have gained more than 3 percent

Reliance runs past the estimates with 19% rise in Q4 net on robust show by all businesses

Reliance Industries Q4 result: The topline and the bottomline were expected to grow in single digits, both sequentially and year on year.

Infosys Q4 Preview | Infosys may post muted growth in Q4 on weak financial services demand, seasonality

Infosys Q4 Preview | The company is likely to report a 1.4 percent quarter-on-quarter increase in revenue; net profit is expected to rise marginally by 0.6 percent

HDFC Ltd records 12% loan growth in March quarter

The corporation had assigned (sold) loans amounting to Rs 8,367 crore in the year-ago period, HDFC Ltd said in a regulatory filing.

Power companies ride on robust demand to post a record 21% surge in sales

Net sales of 24 power firms increased to 21 percent to Rs 93,240 crore, its biggest jump since December 2018. Net profit for the same set of firms during the quarter jumped 32 percent on-year to Rs 15,593 crore

IndiGo shares jump 10% as airline plans to hike fares with focus on profitability

The firm reported a consolidated net loss of Rs 1,681.80 crore . Revenue of the company jumped 29% from a year ago to Rs 8,020.75 crore. Operating profit margin contracted sharply to 2.1% in the quarter from 10.4% a year ago.

Indigo Q4 Result | Net loss widens to Rs 1,681.80 crore as fuel expenses surge

A Bloomberg poll had estimated a quarterly net loss of Rs 978.30 crore on revenue of Rs 8,000.30 crore for the quarter under review.

Grasim Industries Q4 Result | Consolidated net profit surges 62% YoY to Rs 2,777 crore

Revenue from operations surged 18% year-on-year (YoY) to Rs 28,811 crore against Rs 24,402 crore last year in the same quarter.

Indian banks’ bumper profits don’t show economic scars 

The aggregate net profit of 27 listed commercial banks has shown an 86 percent year-on-year jump in the March quarter

Infosys, TCS poor show in Q4 weighs on IT stocks, BSE IT index declines over 5%

Earlier, analysts predicted IT firms to report robust revenue growth, with mid-cap companies expected to outperform their larger rivals