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Watch accompanying videos of Infosys management addressing press conference regarding company’s Q1 FY18 performance.
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The company said that volume growth is not coming easily, but progress is being made on achieving higher margins.
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The company's net profits for the third quarter of current fiscal beat street expectations at Rs 8,802 crore. The gross refining margins (GRM) on the other hand, dissapointed at USD 10.80 per barrel.
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State-owned Oil and Natural Gas Corp (ONGC) today reported a 21 percent drop in its June quarter net profit as oil prices slumped and its output fell.
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The difference between Reliance Industries' (RIL) gross refining margins (GRM) at 11.5 percent was at a eight year high with the Singapore benchmark, CFO Alok Agarwal said.
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Hear out Cramer Ball, CEO and Amit Agarwal, CFO of Jet Airways detailing Q3 numbers.
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Newest private sector lender IDFC Bank posted a net profit of Rs 242.16 crore for the December quarter, and said it will focus on expanding its priority sector lending book.
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Catch Alok Agarwal, chief financial officer, Reliance Industries detail the company's Q1 numbers.
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Eicher Motors is also looking to expand its chain of retail stores selling biking gear. It has added new stores in Europe, Australia and Columbia, and will open an exclusive store in Dubai as well.
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Habil Khorakiwala said the US FDA has completed its inspection at the Waluj facility. The US FDA also visited the Chikalthana and Aurangabad plans, he said.
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The company is hopeful of maintaining margins on operational improvements and productivity enhancements. The management, in a press conference, said the momentum is picking up in infrastructure and product engineering.
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After strongly bucking the trend of deteriorating asset quality that was witnessed with most banks this season, State Bank of India says it sees margins holding up going forward.
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At a press confernce, APSEZ CEO Sudipta Bhattacharya said during the nine-month period, the company handled 800 mt cargo (29 percent higher YoY) while it broke through 2.1 million TEUs (20 percent higher)
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The company‘s third quarter rupee revenues rose 2.6 percent quarter-on-quarter to Rs 911.7 crore while net profit was up 2.5 percent to Rs 140.8 crore. CMD K Natarajan said performance was satisfactory given that Q3 is a lean quarter.
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According to Reliance Industries CFO, Anil Agarwal the company is very satisfied with the third quarter performance
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India‘s largest software services exporter TCS said it was confident of beating the industry‘s projected growth rate of 13-15 percent and added that it was seeing “tremendous†deal momentum going into next year.
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Vishal Sikka said leading US banks were cautious on their IT spending for 2015, and discussions with them for orders were getting delayed.
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Infosys hosted a press conference to discuss its third quarter earnings.
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Britannia Industries has reported two-fold increase in its Q2 net profit. “We have had a net profit growth of 177 percent at Rs 270.46 crore, out of which Rs 124 crore has come from sale of our land in Chennai. If you were to remove that, there was 50 percent growth in our net profit,†said MD Varun Berry.
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SBI is working on quality delivery with McKinsey. The country's largest bank has rolled out two pilot branches. It has rolled out retail assets processing centre in Mumbai and Delhi, says Arundhati Bhattacharya of SBI.
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According to Bhargava, Maruti has seen a better half so far with the company growing by about 17 percent since last year.
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Infosys CEO and Managing Director Vishal Sikka is confident of getting Infosys back on the consistent profitable growth track.
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Royal Enfield‘s margins were at a record high with volumes up 72 percent (Y-o-Y) and 14 percent (Q-o-Q) to 5,51,000 units in Q4CY13.
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The company‘s focus on profitable minutes, instead of “free†minutes that telecom companies liberally offer to consumers paid off for the business, Singh said, pointing to the improvement in the company‘s operating profit, which jumped 11.6 percent.
