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Investors looking for a way to play the electrification trend in vehicles should consider Sona BLW, which, although available at rich valuations, is fundamentally strong and has extraordinary growth opportunities
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Higher dependency on rural markets has impacted Dabur India performance. Any pick-up in activity will lead to higher growth rate
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The one day closure resulted in the production loss of around Rs 1,500 crore as the industries manufacture all types of spare parts for two-wheelers to six-wheelers, motor and pumps, defence and naval sectors, wet grinders, foundries and plastic industries, industry sources said.
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Dairy firm Parag Milk Foods, which recently raised Rs 750 crore through an IPO, today reported a flat net profit at Rs 16.09 crore for the quarter ended March.
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High labour, fuel and raw material prices are eroding India's cost competitiveness in the automobile sector as compared to countries like China, a study has said.
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The company's EBITDA may grow 15-20 percent next fiscal on the back of low raw material cost, says Rajendra Gogri, CMD, Aarti Industries.
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The company has ambitious plans for doubling their two-wheeler tyre capacity in Nagpur from 10 lakhs to 23 lakh tyres in two years, said Anant Goenka, MD, Ceat.
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The Tyre major Ceat posted nearly three-fold rise in consolidated net profit at Rs 66.95 crore for the third quarter ended December 31, 2013. The company had posted a net profit of Rs 22.43 crore for the same period of previous fiscal.
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CFO of Marico Milind Sarwate says they are considering reducing prices going forward so as to give the customers the benefit of declining raw material prices.
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Chairman Adi Godrej told moneycontrol.com that margins at Godrej Consumer Products are likely to stay under pressure this fiscal due to high raw material prices.
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Notwithstanding encouraging peer group discounting on the trading screen, Tijaria Poly is hampered by adverse raw material prices and depleting rupee which could dent a hole in its profitability in the near term.
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ArcelorMittal, the world's largest steelmaker, said it would be better prepared to weather a new recession than in 2008/2009 because of savings already made and its expansion into mining.
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Margins of Jindal PolyFilms slipped this quarter compared with the previous on account of high raw material prices. Sameer Banerjee, wholetime director of the company, in conversation with CNBC-TV18, says that the price hikes the company has embarked on is likely to bode well and boost margins by 25% for Jindal PolyFilms.
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Prabhat Awasthi of Nomura Financial Advisories & Securities Private, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about his reading of the market and his outlook.
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Leading car-makers, worried by rising input costs are expected to take a call on whether to hike their product prices by end-this month, even as Honda Siel Cars India today said that it would up its prices by 2-3% from April 1.
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Talking about the hike in coal prices, Ashish Guha, managing director of Heidelberg Cement says that the company sees a rise of about 30% in the raw material prices for cement due to the hike in coal prices. “A and B grade coals have gone up by almost 150%, while the C,D,E,F grade coals have grown up by 30%,” he says.
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Shrenuj and Company has reported a sales turnover of Rs 523.23 crore and net profit of Rs 7.46 crore for the quarter ended December 2010. For the quarter ended December 2009, the sales turnover was Rs 273.42 crore and net profit was Rs 4.53 crore.
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S Kumars Nationwide has declared its third quarter consolidated results. Its Q3 revenue was up 11.8% at Rs 1342.8 crore versus Rs 1200.9 crore, YoY.
The company's PAT was up 18.2 % at Rs 95.5 crore versus Rs. 80.8 crore, YoY.
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Oil fell for a second day on Wednesday, extending the previous session's 2.4% drop, as investor enthusiasm for commodities diminished with a stronger dollar, following a sharp year-end rally in raw material prices.
