The company forecast third-quarter revenue of $3.10 billion, plus or minus $100 million, the midpoint of which was lower than analysts' estimates of $3.16 billion, according to Refinitiv data.
With this, the Volkswagen Group reiterates its commitment to Make in India and continues to enhance its product offering to meet the ever evolving needs of the discerning Indian luxury customer
In contrast, the SME market witnessed higher activity, having raised $82 million via 38 IPOs
TCS, HCLTech, and Infosys' net additions fell sharply year on year in Q4FY23, with only 884 employees added on a net basis compared to 68,257 in Q4FY22.
The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion.
In this edition of Market Minutes, Asha Menon talks about the patterns emerging from investors’ equity shareholding in the quarter ended December. Numbers indicate a weakening retail investor sentiment towards direct participation in the market. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends.
It had clocked a net profit of Rs 24.22 crore in the October-December period of the fiscal 2021-22,
The revenue from operations during the quarter under review grew 29 per cent to Rs 1,766.36 crore from Rs 1,364.13 crore in the third quarter of fiscal 2021-22.
Its revenue from operations was down 3.97 per cent to Rs 3,166.19 crore during the quarter under review as against Rs 3,297.24 crore in the corresponding quarter of the previous fiscal.
Revenue from operations in the quarter under review stood at Rs 638.91 crore as compared to Rs 624.07 crore in the year-ago period.
Total income increased to Rs 3,020 crore in the period under review as against Rs 2,222 crore in the year-ago period
The company had clocked a net profit of Rs 2,046.88 crore in the October-December period of the preceding 2021-22 fiscal.
The company had reported a net profit of Rs 235 crore in the October-December period of last fiscal.
Consolidated revenue from operations during the quarter under review stood at Rs 900.21 crore as compared to Rs 841.3 crore in the year-ago period.
Its net profit stood at Rs 43.3 crore in the year-ago period. Total income rose to Rs 2,563.2 crore in the third quarter of this fiscal from Rs 2,025.3 crore in the corresponding period of the previous year, according to a regulatory filing.
The Tata group firm had posted a consolidated net profit of Rs 96.56 crore in the October-December quarter last fiscal, Voltas said in a regulatory filing.
The company had posted a net profit of Rs 113.78 crore in the October-December quarter a year ago, Trent said in a regulatory filing.
The company had posted a consolidated net profit of Rs 88.79 crore in the third quarter of FY22.
The company had posted a consolidated net profit from continuing operations of Rs 225.95 crore in the year-ago period, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing.
The city-based value-added engineering products and solutions company said net revenues during the quarter stood at Rs 692.22 crore up 29.9 per cent compared to Rs 532.97 crore in Q3 FY22.
The agribusiness company has been grabbing market share in the cattle feed business, which has boosted revenue for several quarters and helped to soften the blow from high costs at its vegetable oil unit.
The company had posted a consolidated net profit of Rs 193.71 crore in the same period last fiscal, Escorts Kubota Ltd said in a regulatory filing.
In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing.
The company had logged a net profit of Rs 21 crore in October-December period a year ago, Symphony said in a regulatory filing.
The company had posted a net profit of Rs 23.71 crore in the October-December period a year ago, Eveready Industries said in a regulatory filing.