FY23
Fundamental Radar: ICICI Pru Life can see 6% CAGR in VNB over 3 years, here’s why
With IRDAI releasing new regulations related to surrender charges, which are significantly better than the exposure draft, the concern on likely pressure on VNB margins in the non-par segment is now behind. ICICI Prudential Life Insurance has maintained healthy tractio...
Fundamental Radar I Godrej Consumer poised for 11% revenue CAGR over FY24-26: Kruttika Mishra
Godrej Consumer is focusing on category development through relevant product launches and simplification of businesses to drive consistency in performance and improve earnings growth trajectory. This will aid the company to post 11% revenue CAGR over FY23-2...
Fundamental Radar I Three factors seen driving 14% domestic sales CAGR for Mankind Pharma
Mankind Pharma has built a strong distribution network, which, along with its assertive marketing, has helped create mega brands like manforce, prega news, acnestar, health OK. Led by ramp-up of specialty divisions, increased chronic contribution and improved f...
Bharti Airtel Q3 Results: Profit jumps 54% YoY to Rs 2,442 cr, ARPU at Rs 208
Telecom major Bharti Airtel on Monday reported a 54% YoY jump in consolidated net profit at Rs 2,442 crore for the quarter ended December 2023. The profit figure was lower than the ET NOW poll estimate of Rs 2,596 crore. The profit in Q3FY23 stood at Rs 1,588 crore.Bharti ...
Fundamental Radar: IKIO Lighting may see 22% revenue CAGR over FY23-25, says Narendra Solanki
IKIO Lighting is a manufacturer of LED lighting solutions. They are focused on sustainability and providing low energy LED products to help India meet its sustainability goals. IKIO’s revenue/EBITDA/PAT is expected to grow at a CAGR of 22%/27%/29%, respecti...
RBI FY23 Annual Report: GDP growth estimated at 7%, currency in circulation rises in value, volume
The Indian economy exhibited robust resilience in the previous fiscal, emerging among the fastest-growing economies among major nations. However, weakening consumption in the second half of FY23, subdued rural demand and sustained cost pressures remain...
India's strong corporate debt profile key to macroeconomic stability; providing sufficient space for sector to borrow: Finance Ministry
Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation which fell to a 25-month low in January, the Finance Ministry
Fundamental Radar: Jindal Steel’s EBITDA set to grow at a CAGR of 16% over FY23-25, here’s how
Jindal Steel and Power, a part of the OP Jindal Group, is focused on steel, power and mining businesses. The company’s ongoing capacity expansion is likely to drive steel volumes at a strong 16% CAGR over the next three years, says Vikram Kasat of Prabhuda
India's FY23 fiscal deficit at 6.4% of GDP, meets budgeted target
India's fiscal deficit of 6.4% for the last financial year ended Mar. 31 narrowed from a year earlier and also met New Delhi's target, aided by buoyant tax receipts and some fiscal headroom from lower payments. While announcing the annual budget for this fiscal year, Finance Minister
GDP growth could top 7% in FY23: RBI governor Shaktikanta Das
India's gross domestic product growth could be above 7% for 2022-23, the RBI governor said on Wednesday, adding that such an outcome, if realised, should not come as a surprise. There is also a possibility that GDP growth for the last financial year could be higher, Shaktikanta Das said a
Fundamental Radar: 3 segments to drive revenue CAGR of 15% for Siemens over FY23-26, says Sneha Poddar
Siemens has been a major beneficiary of the uptick in spending on railways and the expected spending on the T&D network by the government. The company has strengthened its position in key segments such as energy, mobility, smart infrastructure, whi
TCS, Infosys results signal subdued Q4 for IT pack: ET NOW decodes weak results for tech giants
Infosys reports disappointing Q4 FY23 numbers. What has gone wrong for the company? ET NOW's Managing Editor Nikunj Dalmia decodes the outlook for the company and the IT sector.TCS, Infosys results signal subdued Q4 for IT pack: ET NOW decodes weak result
GDP data: Indian economy grows at 6.1% in Q4, FY23 growth better-than-expected at 7.2%
Beating analyst estimates, India's gross domestic product (GDP) grew at 6.1 per cent in the last quarter of the previous fiscal. Further, the Centre now estimates the overall growth rate of FY23 to be 7.2 per cent, Ministry of Statistics & Programme Implementation
India expected to be the fastest growing economy in FY23: RBI Governor
While announcing the August bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das said, “With strong and resilient fundamentals, India expected to be the fastest growing economy in FY23. Its current account deficit will remain in comfortable limits. External debt-to-
Fundamental Radar I Max Health all set to see 21% profit CAGR over FY23-25: Sneha Poddar
Max Healthcare Institute Ltd reported robust earnings for the quarter ended September, with a profit growth of 25%, led by a strong operational performance. Further addition of beds, improved realization per patient, and optimization of case mix/payor mix will d
Rajasthan govt amends combined excise policy. Here's how it impacts alcohol stocks
Rajasthan govt has amended its combined excise policy for FY23 & FY24. The state has hiked prices for Indian made liquor and Rajasthan made liquor. How will it impact alcohol stocks? ET Now's Ashesha decodes Rajasthan govt amends combined excise policy. Here's how it
RBI retains GDP growth at 7.2 %, inflation projected at 6.7% for FY23
RBI Governor Shaktikanta Das on Wedneday said the Monetary Policy Committee (MPC) in its meeting held from June 6 to June 8 decided to raise repo rate by 50 basis points to 4.90%. According to the provisional estimates released by the National Statistical Office on May 31, India's
Fundamental Radar: Kaynes Tech poised to see 41% CAGR growth in revenue over FY23-26, says Sneha Poddar
Kaynes Technology India Ltd is a leading end-to-end and IoT-enabled integrated electronics manufacturer. The company has seen fresh order inflows almost doubling every year since FY20. Its revenue/EBITDA/PAT is set see a robust CAGR of 41%/46%/55%
India's GDP may grow at 7.0% in FY23: First advance estimates by the National Statistical Office
India's economy is expected to grow 7.0% in the current financial year, according to the first advance estimates by the National Statistical Office (NSO) released on Friday. New Delhi had pegged India's growth at 8.7% in the last fiscal year that ended M
5 most & 5 least-loved mutual funds of FY23
Do you know which were the 5 most loved and least preferred mutual funds in FY 2023? Do you think any mutual fund from your portfolio could be a part of it? Well, let's find it out in today's video. Watch!5 most & 5 least-loved mutual funds of FY23
GST mop-up in March at Rs 1.60 lakh cr 2nd highest ever; FY23 collections stand at Rs 18.10 lakh cr
GST collections in March grew 13 per cent to the second highest ever at Rs 1.60 lakh crore, taking the growth rate of revenue mop-up for full 2022-23 fiscal to 22 per cent. In April 2022, GST collection had touched a record high of close to Rs 1.68 la
World Bank revises India's GDP forecast to 6.9% for FY23 due to robust economic activities
The World Bank has revised India's 2022-23 GDP growth forecast upward to 6.9 per cent from the earlier estimate of 6.5 per cent, due to robust economic activities according to Dhruv Sharma, Senior Economist at the World Bank. India's real GDP growth is expecte
RBI pegs GDP growth at 6.8% for FY23, projects inflation to fall below 6% by March 2023
The Reserve Bank of India on Wednesday marginally lowered the country's GDP growth projection for the current fiscal from 7% to 6.8%. However, despite the downward revision in the economic growth projection, India will remain among the fastest growing major econo
Tata Motors plans to sell half a million cars in FY-23, EV sales will cross one lakh units, says N Chandrasekaran
N Chandrasekaran, chairman of Tata Motors, told shareholders that the company plans to sell half a million cars in FY-23 and expressed confidence that electric vehicle sales will cross one lakh units by the next fiscal year.Tata Motors p
Ten companies with highest EBITDA margin in FY23: Should you invest or not?
Do you know which companies had the highest EBITDA margin in FY23? Which sectors performed well and which ones did not? In this video, Neha Vashishth of ET Markets lists out 10 companies with highest EBITDA margin in FY23. Watch!Ten companies with highest EBITDA margin in FY
Watch: India's GDP growth seen at 13.5% for the 1st quarter of FY23
India's economy grew by 13.5 per cent in the April-June quarter of the current fiscal year. As a result, the gross domestic product (GDP) had expanded by 20.1 per cent in the corresponding April-June period of 2021-22, according to data released by the National Statistical Office (N
IMF cuts India's FY23 GDP forecast to 6.8%; for global economy predicts 'worst is yet to come'
The International Monetary Fund has cut India’s FY23 GDP forecast to 6.8% from its earlier projection of 7.4%. According to the report, economies globally are seeing a broad-based and sharper-than-expected slowdown, with inflation in many countries at deca
RBI board approves transfer of Rs 87,416 crore as dividend to govt for FY23
The Reserve Bank of India's board Friday approved the transfer of Rs 87,416 crore as surplus to the Central government. It also decided to raise the contingency risk buffer to 6% from 5.5%, the central bank said in a press release.In FY22, the RBI transferred Rs 30,307 crore
RBI completely focused on fighting inflation, yet 50 bps rate hike is surprising: Mythili Bhusnurmath
Indian shares advanced, the rupee strengthened and bond yields rose after the country's central bank hiked a key policy rate for the third time to tackle persistently high inflation in Asia's third-largest economy. "The central bank is completely fo
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