Page 20 - Q1 Results

S&P sees indications of strong rebound in Indian economy after Q1

S&P retains 9.5% FY22 growth projection for India

Accenture expects strong Q1 as Delta variant delays return-to-work plans

Accenture expects current-quarter revenue to come in between $13.90 bn and $14.35 bn, topping Wall Street estimates of $13.51 bn, according to Refinitiv IBES data

NBFC loans report strong 37.6% growth, banks still on single-digit

Non-bank firms' sanctions are, however, still half of pre-pandemic level

Low base not sole contributor to GDP growth in June quarter: CEA

'The decline and the subsequent recovery was not reflecting anything about the fundamentals of the economy. It is only reflecting the economic restrictions that were placed or removed', said CEA

Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target

Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion

Equities to retain P/E premium over EM peers, says Credit Suisse

The medium-term outlook for equities remains positive but some caution is warranted in the short term, the brokerage said

Pharma companies lead topline growth in Q1FY22: ICICI Direct Research

Corporate earnings for April-June were robust despite the second wave of Covid-19 and a report by ICICI Direct Research showed that topline growth during quarter was led by pharmaceutical companies

Coal India's capex growth zooms twofold to Rs 1,840 crore in Q1

State-owned CIL on Friday said its capital expenditure jumped more than twofold to Rs 1,840 crore in the first quarter of 2021-22 compared to Rs 844 crore in the year-ago quarter.

GDP levels in Asia to exceed pre-Covid path from 1Q22: Morgan Stanley

Covid-19 remains an overhang on the near-term growth outlook of Asia and lockdown measures are constraining consumption growth, Morgan Stanley said on Friday.Strength in exports and capex has lifted Asia's overall GDP closer to its pre-Covid path, but consumption remains below its pre-Covid path, it said in a research report titled 'The Viewpoint: The Next Phase in Asia's Recovery' authored by Chetan Ahya, Derrick Y Kam and Jonathan Cheung.However, the report forecast vaccination rates for adult population reaching 80 per cent or higher in 10 out of 12 economies (accounting for 95 per cent of the region's GDP) in the region by 4Q21."These high rates of vaccinations will allow policymakers to shift their Covid management strategy and allow restrictions to be relaxed, which we expect in turn lead to a full-fledged recovery in growth from early next year."Powered by all its engines, said the report, Asia's growth momentum should improve in the coming quarters. GDP levels will exceed ...

India Inc earnings losing momentum as demand recovery falters, shows Q1

Sequentially, combined net profit down 12.4%, net sales by 7.8%

Q1 results: Second wave of Covid-19 pandemic, higher costs take a toll

Here's an insight into the June quarter performance of some of India's key sectors and companies therein

Diesel price rise blows Rs 700 crore hole for Coal India in Q1FY22

Mining major Coal India suffered losses to the tune of Rs 700 crore in the April-June quarter owing to a sharp rise in diesel prices, a top company official said

Under Covid stress, SpiceJet's net loss widens to Rs 729 cr in Q1

The company says it continues to incur various costs owing to the grounding and the inability of Boeing 737 Max aircraft to undertake revenue operations

Aurobindo Pharma hits 52-week low, slips 25% in one month

The stock of the pharmaceutical company was trading at its lowest level since June 2020

Inflation bites: High commodity prices hit India Inc's profits, margins

The adverse impact of inflation and higher commodity prices is visible in the overall corporate results for Q1FY22

Despite banks' record Q1 net profit, Bank Nifty on a slippery slope

It is up 15% since the start of CY21 against 19% in Nifty50; this despite banks' record Q1 profit

Small finance banks suffer net loss in June quarter as provisions surge

SFBs - AU, Ujjivan, Equitas, and Suryoday - reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22

SpiceJet shares close down over 4% after loss of Rs 729 crore in Q1

Shares of SpiceJet on Monday declined by more than 4 per cent at close after the company reported a loss of Rs 729 crore for the April-June quarter

Analysts air concerns over weak vitals of Vodafone Idea post Q1 results

In its note ICICI Securities said it sees 'high risk and huge concern for VIL' and it has put VIL's estimates, rating and target price under review until further clarity

Sensex rallies for 3rd day, gains 145 pts; Nifty ends at 16,563; RIL up 1%

The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.