Profit Margins

Analysts expect modest RoEV given lower margin profile than private peers

Margins should improve on lower raw material costs, operating leverage

Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers. The company reported quarterly profit of $16.43 billion, or $2.20 per share. Excluding one-time items, the company based in Redmond, Washington, said it earned $2.32 a share, which topped Wall Street expectation for adjusted earnings of $2.29 a share. The software maker posted revenue of $52.75 billion in the October-December period, its second fiscal quarter, up 2% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $52.99 billion for the October-December quarter. Microsoft last week blamed macroeconomic conditions and changing customer priorities for its decision to cut nearly 5% of its global workforce. It's one of a number of tech companies, including Google, Amazon, Salesforce and Facebook parent Meta, to announce mass layoffs. Microsoft's personal computing .

Public sector OMCs reported cumulative losses of Rs. 27,276 crore during the first six months of FY23

The revised rates will be effective from December 12

The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year

Reliance's revenue has jumped 34 per cent to Rs 2.33 trillion

HDFC Asset Management Company (AMC) on Wednesday reported a 6 per cent growth in profit after tax (PAT) at Rs 364.1 crore for the July-September quarter of the current financial year. In comparison, the asset management firm had a PAT of Rs 344.5 crore in the same quarter of preceding fiscal, HDFC AMC said in a filing to stock exchanges. Total income rose 7 per cent to Rs 648.9 crore for the quarter ended on September 30, 2022 from Rs 608.4 crore in the year-ago period. HDFC AMC, an investment manager to HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income. The fund house managed an average assets under management (AAUM) of Rs 4.29 lakh crore for the quarter ended September 30, 2022 compared to Rs 4.38 lakh crore in the same quarter of preceding fiscal, registering a drop of 2.2 per cent. Its market share was 11 per cent in quarterly AAUM of the mutual fund industry. HDFC AMC stock rose 1.34 per cent to settle at Rs 1,960.20 on the BSE.

Luxury carmaker Mercedes-Benz India recorded a profit after tax of Rs 441.4 crore in the fiscal ended March 31, 2022, after two years of losses, according to financial data accessed by business intelligence platform Tofler. The company, which is not a publicly listed entity, had posted a loss after tax of Rs 107.1 crore and Rs 86.5 crore in 2020-21 and 2019-20 respectively. Revenue from operations in FY22 were at Rs 6,188.5 crore. This was the company's highest revenue after FY19 when it had clocked Rs 6,314.3 crore with a profit after tax of Rs 311.4 crore. In the fiscal ended March 31, 2021, the company's revenue from operations had dipped to Rs 3,639 crore with the pandemic impacting vehicle sales. In FY20, the company's revenue from operations was at Rs 4,819 crore, as per the Tofler data. Mercedes-Benz India's operating revenue in the year ended March 31, 2018 was at Rs 6,077.9 crore and it had posted a profit after tax of Rs 306.6 crore. In terms of unit volume sales, ...

Net profit has crossed the Rs 10,000-crore mark for the first time

Will margin pressures end the Indian IT sector's glory days?

Indian IT companies are experiencing margin pressure. This has forced leading IT firms to reduce or withhold employee bonuses. How long will IT companies face this pressure? Is there a solution to it?

Net profit of the Splendor and Glamor brands' maker increased to Rs 625 crore from Rs 365.44 crore in the same quarter a year ago

LIC Housing Finance Ltd's net profit rose sharply by 503 per cent year-on-year to Rs 925.48 crore on back of uptick in net interest income, as against Rs 153.44 crore in the same quarter last year.

Air conditioning and commercial refrigeration maker Blue Star Ltd on Thursday saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing. Its revenue from operations was up 87.28 per cent at Rs 1,970.32 crore in comparison to a lower base of the pandemic-impacted corresponding quarter. In the year-ago period, Blue Star's revenue from operations was at Rs 1,052.04 crore. "With business and economic activities at 100 per cent normalcy in the first quarter of FY23, the growth momentum witnessed in the fourth quarter of FY22 continued in the first quarter of FY23. After two consecutive summers disrupted by the pandemic, this year witnessed a normal summer without any restrictions," said an earning statement from Blue Star. Consequently, demand for all Blue Star's products and services witnessed an uptick compar

Balrampur Chini Mills Ltd on Thursday reported 84 per cent fall in consolidated net profit at Rs 12.38 crore for the quarter ended June. Its net profit stood at Rs 76.92 crore in the year-ago period. Total income fell to Rs 1,094.58 crore in the quarter from Rs 1,145.68 crore in the corresponding period of the previous year, according to a regulatory filing. Total expenses rose to Rs 1,077.72 crore during April-June 2022-23 from Rs 1,048.83 crore in the year-ago period. Balrampur Chini Mills is one of the leading sugar manufacturers in the country.

Mangalore Refinery and Petrochemicals Ltd (MRPL) net profit zoomed to Rs 2,707 crore in the first quarter of the current fiscal on the back of record refining margins.

Mastercard Inc sailed past market estimates for quarterly profit on Thursday as a surge in cross-border spending sparked by this year's travel boom more than offset higher costs.

Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact of second wave of COVID-19, Mahindra & Mahindra Financial Services (Mahindra Finance) said. The net profit in the period was 62 per cent lower when compared to the previous March quarter. Total income during April-June 2022-23 increased to Rs 2,914 crore from Rs 2,567 crore earlier, Mahindra Finance said in a regulatory filing. Interest income was up at Rs 2,766 crore as against Rs 2,465 crore. Besides, total expenses for the Mahindra group's non-banking financial arm fell 45 per cent to Rs 2,607 crore as against Rs 4,725 crore. Though the expenses were higher from Rs 2,035 crore in March 2022 quarter. The June quarter earnings include results from as many as .

Shares of Bajaj Finance on Wednesday went up by over 2 per cent after the company reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for the June quarter.

Premium subscribers, which account for most of the company's revenue, rose to 188 million, beating analysts' expectations of 187 million