Deccan Cements reported weak first quarter numbers which CFO RVA Narasimha Rao attributed to 15 percent YoY and 4 percent quarter-on-quarter (QoQ) decline in prices apart from weak demand.
The headwinds seen during FY16 should start easing going forward and by the March quarter, market conditions should be favourable, says Prashant Vishnu Vatkar, Managing Director, Hyderabad Industries
"Considering L&T‘s E&C business, their machine industrial product division has performed very well," said SP Tulsian of sptulsian.com in an interview to CNBC-TV18.
In an interview to CNBC-TV18, Vaibhav Agrawal, banking analyst, Angel Broking said that the net profit of 30 percent y-o-y for HDFC is in line with the expectation and is 'neutral' on the stock.
Our poll is not suggesting great things for Reliance Industries (RIL). It is expecting a flat quarter on quarter (QoQ) and about Rs 5,100 crore profit after tax (PAT).
ONGC has announced its second quarter results. The company‘s Q2 net profit was down at Rs 5,896 crore versus Rs 6,078 crore, quarter-on-quarter, QoQ.
The worst seems over for Indian banks. The third quarter (October-December) earnings, according to analysts tracking banks, would not spring any ugly surprise for them. However, the pressure on profitability would continue on the back of slowing down loan growth, asset quality concern and rising cost of funds.
Chairman and managing director, KK Singh gave guidance for the next year that they would do 15% for both, margins and revenues. The company had begun an Intellectual Property (IP) oriented company and saw an improvement in its margins. The company’s order book is also getting healthier now, he added.