Page 4 - Corporate Earnings
Sensex can hit 100,000 mark in five years, believes Chris Wood
A similar view was shared by Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services, who suggested that Indian equity markets were on the cusp of a major bull-run
 "Sensex can hit 100,000 mark in five years, believes Chris Wood")
Early birds hint at subdued earnings growth in December quarter
Net profit up 10.4% YoY, growing at slowest pace in five quarters
 "Early birds hint at subdued earnings growth in December quarter")
Boom time for companies: What record profits may mean for govt's revenue
If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be wrong with corporation tax, writes T N Ninan
TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts
The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.
 "TCS Q3 preview: Profit may rise 17% YoY; buyback quantum eyed, say analysts")
LG forecast to see record sales in Q4 on strong home appliance biz
LG Electronics has estimated that its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink
 "LG forecast to see record sales in Q4 on strong home appliance biz")
Samsung Electronics Q4 profit jumps on server chip demand, foundry margins
SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely jumped 52% on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing.
 "Samsung Electronics Q4 profit jumps on server chip demand, foundry margins")
D-Mart reports 21.96% increase in revenue at Rs 9,065.02 cr in Q3
The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing
 "D-Mart reports 21.96% increase in revenue at Rs 9,065.02 cr in Q3")
Acquisitions, strong growth outlook likely to limit downside for Wipro
Prior to the recent rally, the stock had been an underperformer
 "Acquisitions, strong growth outlook likely to limit downside for Wipro")
US Fed's taper talk likely to keep the bulls in check on Dalal Street
This is expected to suppress valuations in India; decline in P/E may nullify gains from rise in corporate earnings
 "US Fed's taper talk likely to keep the bulls in check on Dalal Street")
Morgan Stanley sees Sensex at 70,000 level by December 2022
The research and brokerage house had recently downgraded India to equal-weight in their global emerging markets (GEMs) country portfolio.
 "Morgan Stanley sees Sensex at 70,000 level by December 2022")
Arcelor Mittal reports strongest quarter in more than a decade
The company said it expects global steel demand to grow by between 12% and 13% this year, excluding China, where real demand has weakened
 "Arcelor Mittal reports strongest quarter in more than a decade")
SoftBank Group shares jump 10% on $9 billion buyback announcement
The buyback is SoftBank's second largest after a record 2.5 trillion yen buyback launched during the depths of the COVID-19 pandemic last year
 "SoftBank Group shares jump 10% on $9 billion buyback announcement")
Sensex slips 109pts; Broader markets outperform, Allcargo zooms 20%
Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday
 "Sensex slips 109pts; Broader markets outperform, Allcargo zooms 20%")
Tata Motors loss widens to Rs 4,415 crore in September quarter
Tata Motors said the waiting time period for vehicles is around six to eight weeks, while for electric vehicles it is running up to six months
 "Tata Motors loss widens to Rs 4,415 crore in September quarter")
Fag-end buying in IT, banks lifts Sensex 831 pts at 60,138, Nifty at 17,930
The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent
 "Fag-end buying in IT, banks lifts Sensex 831 pts at 60,138, Nifty at 17,930")
Amazon Q3 earnings suffer as growth slows, costs rise
Supply chain woes are also costing Apple Inc - $6 billion in sales during the company's fiscal fourth quarter
 "Amazon Q3 earnings suffer as growth slows, costs rise")
GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore
The company had reported a net profit of Rs 76.47 crore in the same period of the previous fiscal
 "GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore")
Nazara Technologies Q2 net profit rises 9.8% to Rs 14.5 crore
Its revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period
 "Nazara Technologies Q2 net profit rises 9.8% to Rs 14.5 crore")
Adani Transmission net up 35% to Rs 289 crore in September quarter
Total income stood at Rs 2,675.20 crore in the quarter as against Rs 2,306.45 crore in the year-ago period
Dixon Technologies Q2 profit up 19.6% to Rs 63 crore; revenue up 71%
Total expenses were at Rs 2,724.50 crore, up 73.84 per cent from Rs 1,567.18 crore earlier
 "Dixon Technologies Q2 profit up 19.6% to Rs 63 crore; revenue up 71%")
