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One of the reasons could be that a number of companies have opted for a price hike in the December quarter due to rising costs of input items such as copra, vegetable oil, and palm oil.
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Corporate India's debt-equity ratio is the lowest in a decade
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The SaaS firm had a free cash flow of $9.1 million in the quarter under review up from negative $1.4 million in the first quarter of 2022.
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CARE Rating revised its outlook on the long-term rating of TRF from 'Negative' to 'Stable'
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The company expects to also report gross bookings of between $165 billion and $175 billion in 2024.
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Analysts say the “new forever” range of utility vehicles and cars have catapulted the passenger vehicle segment’s revenue to the highest in eight years
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WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced results for the fiscal 2017 fourth quarter and full year ended March 31, 2017.
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The CAG today said Air India
"actually incurred" an operating loss of Rs 321.4 crore in
2015-16, even the airline maintained it had an operating
profit of Rs 105 crore based on generally accepted accounting
standards.
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Japan's fourth-largest automaker said operating profit rose to 51.9 billion yen (USD 461.13 million) in October-December, up from 45.1 billion yen a year prior and exceeding a median forecast of 43.66 billion yen drawn from 10 analysts in a Thomson Reuters I/B/E/S/ poll.
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Operating profit for the three months to Dec. 31 declined to 80.2 billion yen (USD706.7 million) from 107 billion yen a year earlier, below a consensus estimate of 88.5 billion yen from four analysts polled by Thomson Reuters I/B/E/S.
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The world's biggest liquid crystal display (LDC) maker said the profit was caused by the upward trend of panel prices and a favourable foreign exchange rate.
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The upbeat outlook comes despite the anticipated USD 2.1 billion profit hit the firm earlier forecast for the quarter due to the withdrawal of the fire-prone Galaxy Note 7 premium smartphone in October, one of the biggest product safety failures in tech history.
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BMW said third-quarter earnings before interest and taxes (EBIT) was 2.38 billion euros (USD 2.64 billion), in line with the 2.37 billion euros consensus estimate in a Reuters poll.
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Steel prices in China, the world's biggest consumer and producer, have rallied 50 percent this year as Beijing's efforts to reduce a crippling overcapacity in the sector have led to lower inventories of the alloy in the country.
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The state-owned airline, which is working on ways to improve its financials, had an operating loss of Rs 2,636 crore in 2014-15.
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Samsung, in a regulatory filing, also cut its July-September revenue estimate to 47 trillion won from the 49 trillion won it guided for last week.
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In his Independence Day address from the ramparts of Red Fort, the Prime Minister, while speaking on the turnaround of major PSUs, said, "Today I can say with complete satisfaction that Air India, which used to be notoriously known for incurring losses, has improved its operations leading it to log operational profits."
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KCP reported disappointing first quarter numbers with a 12 percent fall in total income to Rs 182.4 crore while its operating profit reduced to Rs 30.42 crore, a 45 percent fall.
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Operating profit at Japan's largest automaker was 642 billion yen (USD 9.85 million), beating an average estimate of 493.5 billion yen from 11 analysts surveyed by Thomson Reuters I/B/E/S/.
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Operating profit at Japan's fourth-largest automaker by sales came in at 59.2 billion yen (USD 586.25 million), better than an average estimate of around 46.72 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.
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The quarter growth has been in-line with expectations, says Om Manchanda, CEO of Dr Lal PathLabs adding that some operational expenses will be seen in the next nine months.
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Thyrocare‘s revenue grew 21.7 percent to Rs 69.36 crore and operating profit margins improved to 39.4 percent in the first quarter of FY17.
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Earnings before interest and tax (Ebit), adjusted for special items, climbed "significantly above" market expectations to 3.97 billion euros (USD 4.39 billion) from 3.76 billion a year earlier, Stuttgart-based Daimler said in preliminary results published on Monday after trading hours.
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The world's second-biggest TV maker by market share, behind compatriot Samsung Electronics Co Ltd, said in a regulatory filing that April-June profit was likely 585 billion won (USD 504 million), compared with the 599 billion won average of 23 analyst estimates in a Thomson Reuters I/B/E/S survey.
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Telecom Minister Ravishankar Prasad said state-run BSNL has earned an operating
profit of Rs 672 crore for the first time in seven years and expressed confidence for better performance by the end of this fiscal
