SHRI RAM SWITCHGEARS LTD Q3 RESULTS
Why Hindu liberals and Muslims are divided on poll verdict
While liberals are interpreting the result as a rejection of Hindutva politics, Muslims believe nothing will change under the new government
Growth momentum to continue in Modi 3.0: FM Sitharaman
India's Finance Minister, Nirmala Sitharaman, has praised the country's 8.2% GDP growth in 2023-24, stating that the growth momentum will continue in the third term of the Modi government. The manufacturing sector saw a 9.9% growth, indicating the country's resilience despite global challenges. The final phase of Lok Sabha elections is set for Saturday, with results expected on June 4.
Orient Electric Q4 Results: Profit slides 48% YoY as mounting expenses offset demand
Appliances maker Orient Electric on Thursday reported a 48% fall in its fourth-quarter profit as higher expenses offset demand.
Orient Electric Q4 Results: Profit falls as mounting expenses offset demand
New Delhi-based Orient reported a net profit of 128 million rupees ($1.5 million) for the three months ended March 31, compared with 246.2 million rupees a year earlier.
SRF expects demand-supply imbalance, margin pressures in BOPET to continue
SRFLimited, an Indian chemicals business, anticipates ongoing demand-supply imbalances and margin pressures in the BOPET sector in the short to medium term, according to a stock exchange filing. However, the agrochemicals segment shows signs of improvement following inventory rationalization in FY24, with robust customer inquiries and progress in active ingredients (AIs) development.
SRF Q4 Results: Net profit falls 25% to Rs 422 crore
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement.
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Israel-Iran conflict, Q4 earnings among 11 factors that will steer D-Street this week
The upcoming week promises to show top action with the Iran-Israel conflict taking center stage along with the earnings season which kicked off with the announcement of earnings by TCS. Oil prices, China GDP data, US retail sales figures, and movements in US bond yields and the dollar index will be important macroeconomic events that may influence market sentiments
Ayodhya 2024 Lok Sabha polls: Date, schedule, party-wise candidates and other key details
Ayodhya anticipates intense electoral battle post Ram Mandir inauguration in January 2024. UP's 80 Lok Sabha seats, BJP's presence, INDIA consortium challenging National Democratic Alliance. Polls start April 19, Lallu Singh contests.
10 Best Ram Mandir Ayodhya Idols in India Blending Spirituality & Craftsmanship
Are you ready for the big day when a lot of people’s dreams come true? To commemorate this big day, you should buy a Ram Mandir Ayodhya model for yourself or gift it to someone who believes in the cause. In this article, we have enlisted the 10 best Ram Mandir Ayodhya Models in India that you can buy on Amazon.
SRF Q3 Results: Net profit falls 50% YoY to Rs 253.43 crore
The total income fell to Rs 3,053.04 crore in the third quarter of this fiscal year from Rs 3,469.6 crore in the year-ago period, according to a regulatory filing.
PNB raises profit guidance to Rs 7,000 cr for FY24
Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.
Our only concern is CASA is not growing the way the other deposits are going up: K Satyanarayana Raju, Canara Bank
Canara Bank MD & CEO says: “We are focussed on the credit cost by reducing the slippages and maintaining the quality of the recoveries. All these things are helping us to maintain NIM at just above 3%. But the next quarter again, our NIM will be between 2.9% and 3%, but our efforts will continue to be nearer to that 3%.”
Canara Bank profit up despite rise in employee costs
Canara Bank's net profit rose 27% to Rs 3656 crore in the quarter ended December 2023 due to fall in provisions and higher other income even as operating expenses increased.
Havells Q3 Results: Net profit inches up 1.5% YoY to Rs 287.9 crore
Consumer electrical goods maker Havells India Ltd on Tuesday reported a marginal 1.54 per cent rise in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023.
Q3 results today: Axis Bank, REC among 70 companies to announce earnings
Axis Bank will announce its Q3 earnings today, with analysts expecting modest growth in net interest income and profit. Net interest income for the October-December period is projected to rise by 1% quarter-on-quarter. Profit growth is expected to be in the range of 2-5% quarter-on-quarter. Investors should monitor net interest margins, which are expected to decline due to higher deposit costs. Additionally, credit costs, business growth, loan mix, and asset quality are important factors to watch.
Q3 results today: Coforge, MRPL, IIFL Securities among 42 companies to announce earnings
On Saturday, 40 companies announced their quarterly earnings including ICICI Bank, Kotak Mahindra Bank and IDBI Bank. Here are highlights of these results:
Deven Choksey on importance of temple economy and what to expect from Reliance in Q3
Deven Choksey expects strong quarterly results from Reliance due to lower crude oil prices benefiting their refining and petrochemical businesses, as well as growth in Jio Platforms and Reliance Retail. He believes Bandhan Bank is vulnerable to challenges in the eastern belt of India and may face pressure due to competition from larger banks. He also discusses the importance of spiritual tourism in reviving the economy of places like Ayodhya and suggests that companies catering to this sector may have better opportunities.
Ram temple coverage: DD to install about 40 cameras, do 4K live broadcast
The 4K technology offers a much higher number of pixels resulting in enhanced visual quality for viewers. The 'pran pratishtha' of the Ram temple in Ayodhya will take place on January 22, which will be attended by Prime Minister Narendra Modi and other dignitaries.
Q1 Results Today: Bank of Maharashtra, Mastek, Newgen Software
Mastek reported a net profit of INR 70 crore in the first quarter, down 9% YoY on the back of stronger competition and macroeconomic challenges. The company saw a 27% YoY increase in revenues to INR 725 crore, driven by demand for the company's digital and cloud transformation services.
Bank of India Q4 Results: Net profit doubles to Rs 1,388 crore
Bank of India announced a 115% rise in its profit after tax for the March quarter to INR 1,388.19 crore ($186m), mainly due to an increase in other income. The state-owned bank also witnessed an increase in its net interest income and non-interest income. In FY24, the bank plans to raise INR 4,500 crore in equity capital and is targeting an 11-12% advance growth for the year. It aims to decrease its gross non-performing assets ratio to 6-6.25% by the end of the financial year. The bank is also looking to decrease the government’s stake in the bank to 75%.
Q4 results today: What's in store for Titan, Adani Wilmar, MRF, Havells and Godrej Properties
Titan is expected to report a profit growth between 26-34% YoY for Q4 of FY21, driven by favourable base and strong jewellery demand during wedding season. Revenue is likely to grow from 25-29%, and EBITDA margins are set to expand while jewellery, watch, and eyewear segments are expected to have EBIT margins of 11.7%, 10.1%, and 13.5% respectively. MRF is predicted to post strong revenue growth, while Havells is expected to face YoY earnings decline due to margin erosion, as witnessed in previous quarters. Godrej Properties' net profit is estimated to rise 45% YoY, while Adani Wilmar's revenue has exceeded Rs 55,000 crore for FY23.
Stock market update: Nifty IT index advances 0.16% in an upbeat market
The Nifty IT index was trading 0.16 per cent up at 27056.7.
Stock market update: Nifty Bank index advances 0.41% in an upbeat market
The Nifty Bank index was trading 0.41 per cent up at 42808.5.
"This budget will help in achieving overall development": UP CM Yogi
"Today we have presented the first budget of 'Amrit Kaal'. This budget will help us achieve overall development and take the state towards becoming self-reliant. This budget will serve as the foundation to make UP's economy a $1 trillion economy in the next five years," Yogi said in a media briefing after the presentation of the UP budget for 23-24.
Canara Bank posts 92% YoY rise in profit in Q3
The net profit stood at Rs 2882 crore against Rs 1502 crore in the year ago period. Operating profit saw a relatively modest 20% rise at Rs 6952 crore.Its net interest margin for the quarter improved to 3.05% against 2.83% in the year-ago quarter. Net interest income at Rs 8600 crore was 24% higher year-on-year.
Stock market update: Nifty Pharma index advances 0.78%
The Nifty Pharma index closed 0.78 per cent up at 12696.3.
Stock market update: Nifty Pharma index falls 0.61% in a weak market
The Nifty Pharma index was trading 0.61 per cent down at 12622.3.
Orient Electric Q1 Results: Profit soars over 3-fold, revenue up 47.2%
Its revenue from operations was up 47.19 per cent to Rs 621.63 crore during the period under review against Rs 422.32 crore in the corresponding period of the previous fiscal, Orient Electric said in a regulatory filing.
Colgate-Palmolive India Q3 results: Net profit flat to Rs 252 cr
The company's revenue from operations during October-December 2021 increased 3.84 per cent to Rs 1,271.29 crore, against Rs 1,224.21 crore in the year-ago period.
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