Sudhir Hoshing, Joint Managing Director, IRB Infrastructure expects traffic volumes and revenues to increase and hopes to garner around Rs 1.15 crore per day, going forward for the Ahmedabad-Vadodara project.
Angel Broking says the company's Q1 consolidated net profit of Rs 133 crore was, in particular, well below estimates. While Godrej Consumer's tax expenses trebled, higher ad spends and wage hike in Indonesia impacted operating profit margin.
As Motherson Sumi's biggest customer Maruti is coming out of trouble, Vice Chairman Vivek Chaand Sehgal said that the company will deliver 40% return on capital employed (ROCE) as promised. Morover, he indicated that the car sales in Europe were not impacted by the prevailing uncertainties.
Biotechnology company Biocon's consolidated net profit for the first quarter fell almost 9% from a year ago to Rs 70.05 crore, while net sales were up over 10% to Rs 441.68 crore.
Rising costs of raw material coupled with increased competition may lead to moderation in profitability for Indian Inc in their Jan-March quarter results, said CRISIL Research in a note on Monday.