The company has aggressive growth ambitions and envisages to grow at 2x the industry rate and double its revenues over the next 2 years.
The conservative approach of the management is likely to pay dividend in the long term
The bank seems well positioned to capture market share
Tune in to find out what went right for ITC this quarter and the cues investors can take going forward.
We like the focus on new technology and company’s openness to go for inorganic route to fill the gaps.
Sequentially, the growth in sales was 8.2% but EBIDTA grew 5.3% - a clear pointer to the margin pressure that India Inc is beginning to experience.
The undemanding valuation leaves room for upside should the strategy play out on expected lines
Corporate earnings from major players like HCL Tech and L&T is set to be announced in the coming week; BSE is set to come up with it IPO from January 23. It is looking to raise over Rs 1,200 crore.
Watch Varinder Bansal of CNBC-TV18 decoding the second quarter results of Delta Corp in 'Earnings Pataka‘, a special edition on quarterly earnings.
The firm reported quarterly earnings of USD 1.58 per share on revenue of USD 25.51 billion. Analysts on Wall Street had expected earnings of USD 1.39 a share on about USD 24 billion in revenue, according to a consensus estimate from Thomson Reuters.
Watch Varinder Bansal of CNBC-TV18 decoding the first quarter results of Delta Corp in 'Earnings Pataka', a special edition on quarterly earnings.
The first quarter earnings season has started the results that are trickling in don't bear out any great news so far.
Yogesh Bhatt, ICICI Prudential Mutual Fund expects the ongoing quarterly earnings to be a mixed bag with overall growth of about 3-5 percent.
Quarterly earnings from blue-chips like ICICI Bank and Bharti Airtel would be the key driving force for the stock market this week, while participants will also take cues from global trends and foreign fund inflows, say experts.
Motherson Sumi is on track to achieve its 2020 target of achieving 40 percent return on capital employed (RoCE), Chairman Vivek Chaand Sehgal told CNBC-TV18 in an interview, after the company declared a robust set of quarterly numbers.
US-based Cognizant today posted a strong set of quarterly numbers, and raised its revenue growth guidance to at least USD 12.5 billion, or 20.1 percent to 21 percent.
Second quarter earnings from bluechips like HDFC Bank, Wipro and Bajaj Auto would dictate the trend in equity markets in the holiday-shortened week ahead, say experts.
In an interaction with CNBC-TV18's Manasvi Ghelani, SBI Chairperson Arundhati Bhattacharya spoke about the bank's asset quality and the earnings picture.
Dewan Housing CMD Kapil Wadhawan spoke to CNBC TV18 after announcing the company's quarterly earnings. Speaking to CNBC-TV18, Wadhawan said deferred tax liability (DTL) issue plague profitability to some extent but if banks pass on rate cut benefits, the company will see 25-50 bps lower cost of funding.
Samsung Electronics Co Ltd missed quarterly earnings forecasts on Friday as it reported a 47 percent rise in April-June operating profit to a record 9.5 trillion won, reviving concerns for growth in its smartphone business.
The market‘s reaction to HCL Tech numbers appears to be one of relief after sector bellwether Infosys Technologies‘ disappointed with its earnings guidance last week.
Japan's biggest consumer electronics makers are expected to show quarterly earnings slumped due to the March earthquake, but investors will focus on whether these companies can meet their forecasts for a swift recovery, given a fragile global economy.
CLSA sees FY12 Sensex EPS at Rs 1207, eyes inflation
Nitin Rakesh of Motilal Oswal in an interview on CNBC-TV18 says that India has been one of the best performing markets from a global perspective. "It's ironical that with all the news coming out of Japan etc, we have still performed well. Obviously, there is some amount of value buying coming in."
The BSE Sensex dropped 0.2% in early trade on Wednesday, hurt by lower than expected quarterly earnings from Infosys Technologies.