Positive management outlook post Q2 results has tempted analysts to upgrade their rating
India Inc shows patchy but encouraging recovery
Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22
The insolvent Dewan Housing Finance Corporation Ltd has reported a consolidated net loss of Rs 2,122.65 crore for the July-September period
Bank achieves transactions worth Rs 12,500 cr, twice that in the same month last year; eyes conversion into SFB following
Improving prospects of core businesses to drive earnings, and better outlook for subsidiaries to reduce holding company discount
Auditors issue qualified report citing precarious capital position
While decorative paints business remains strong, overall economic growth to aid industrial segment
The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers
Construction segment too may pick up in second half, but high debt still a concern
Corporate commentaries across the sector suggest continued demand recovery in Q3, underpinned by a healthy start to the festive season
The company's Ebitda from India operations surged 4.1 times quarter-on-quarter (QoQ) and 49 per cent year-on-year (YoY) to Rs 6,025 crore.
Firm prospects in India and restructuring of European operations to improve Street sentiment further
Banking, oil and gas, pharma, tyres, cement, and FMCG (except tobacco) were among sectors to register a good performance for the quarter ended September
Despite increase in freight rates, operator profitability yet to reach normal levels
India's top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 per cent drop in the company's September quarter net profit
Sustaining growth rates, however, will be key for rerating
With the company's cost leadership being maintained, it reported much better per tonne operating profit
Similarly, gross revenues declined 30.9 per cent to Rs 16,917 crore against Rs 24,493 crore in FY20
Eveready's Managing Director, Amritanshu Khaitan said this was the highest ever quarterly profit without any other income. EBITDA margin at more than 20 per cent was also the best