Watch this edition of Ideas for Profit to find out whether this steel major can continue to put up a brave face during challenging times
Reliance Industries fourth quarter result is to be announced on April 16. SP Tulsian, sptulsian.com expects marginal improvement in Q4 result of the company because of slight upmove in the gross refining margin.
In an interview with CNBC-TV18, Nitin Sood CFO, PVR said that the company's bottom-line was affected due to a one-time exceptional charge of Rs 21 crore. However, the operating EBITDA for the fourth quarter of FY12 has seen strong growth, said Sood.
In an interview with CNBC-TV18, Narendra Murkumbi, MD, Shree Renuka blamed the depreciating rupee for its increasing debt and said that the tough macro environment is hurting their deleveraging plan.
Fertiliser maker Zuari Industries reported a dismal performance in Q4FY12 with a net loss of Rs 4.37 crore. The company had recently demerged its fertiliser business into a separate entity called Zuari Holdings.
Engineering and construction major Larsen and Toubro (L&T) beat all estimates to report a net profit of Rs 1,920 crore, up 31.6% (YoY). In an interview with CNBC-TV18, Sanjeev Zarbade of Kotak Securities analysed the Q4 results of L&T and said that the topline is almost in line with their expectations.
Public sector lender Canara Bank‘s profit declined despite a rise in its core income in the fourth quarter of FY12. The company‘s profit was lower than estimated and stood at Rs 829 crore compared to Rs 898.9 crore in the corresponding quarter last fiscal.