Page 66 - Q2 Results

Analysts expect muted YoY performance in Q2FY21 from India Inc

As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections

Sunteck Realty second quarter sales bookings up 96% at Rs 200 crore

Sunteck Realty Ltd reported 96% increase in its sales bookings at Rs 200 crore for the quarter ended September on better demand for its properties despite the Covid-19 pandemic

TCS Q2 preview: Ebit margin to see sharp expansion; buyback details eyed

According to analysts, the IT sector witnessed a good pick-up in demand for digital solutions resulting in improvement in the growth outlook for most of the companies.

How India Inc's September quarter numbers are likely to pan out

The Sep quarter earnings season has already kicked in with commodities conglomerate Vedanta posting a 23.5 per cent drop in profit as one of the world's strictest lockdowns hit production and demand

IT Q2 preview: Strong deal flow, traction in digital tech to drive earnings

According to ICICI Securities, Tier-1 IT companies will see revenue growth in the range of 1- 3.5 per cent in constant currency terms on a sequential basis.

TCS, Infosys, MindTree: How to trade IT stocks ahead of Q2 earnings

TCS rallied 5 per cent to hit a record high of Rs 2,650 on the NSE after the company said it will consider a buyback on Wednesday, October 7.

TCS rallies 5%, hits a fresh record high on share buyback plan

The board will meet on Wednesday, October 7, 2020 to consider share buyback proposal.

Financial sector is in the middle of a perfect storm: Pankaj Murarka

"September quarter earnings will be somewhat a mixed bag, as the pandemic has had varying impact on companies across sectors," says Murarka.

US election, Q2 results of India Inc to keep markets volatile: Analysts

Since their March 2020 low, the Indian benchmarks - the S&P BSE Sensex and the Nifty 50 - have gained 47 per cent and 48 per cent, respectively.

SpiceJet: Seasonally weak Q2 could add to company's accumulated losses

The company is operating at less than half of its pre-Covid schedule and also has much lower load factors currently

Sterling and Wilson Solar June quarter net falls 62% to Rs 17.22 cr

Sterling and Wilson Solar Ltd said its consolidated net profit dipped 62 per cent on a year-on-year basis to Rs 17.22 crore in the June quarter mainly due to lower revenues

Nestle: Stock offers good opportunity for medium to long-term investors

Strong resilient portfolio, along with recent ready-to-eat launches and focus on rural distribution, indicate good growth potential

Israeli GDP contracts 28.7% in Q2, sharpest drop in over 40 years

The decline was mainly due to the effects of the coronavirus pandemic and the steps taken by the government to stop the spread of the virus

WeWork gets new $1.1 billion commitment from SoftBank, cuts cash burn rate

Revenue in the quarter reached $882 million, a 9% increase from a year earlier

Buffet's Berkshire Hathaway Q2 profit up 87% despite near-$10 bn writedown

Berkshire Hathaway Inc. said Saturday that it earned $26.3 billion, or $16,314 per Class A share, during the second quarter

Uber rides take coronavirus hit but food-delivery business doubles

Ride-hailing trips, in the past responsible for nearly two-thirds of Uber's revenue, increased 5 percentage points from their low in April, but gross bookings remained down 75% from last year

Nintendo reports five-fold profit jump as Animal Crossing sales top 22 mn

Nintendo sold 56% of its games digitally in the first quarter compared to 38% a year earlier, boosting profit margins

Teva Pharmaceutical's Q2 profit tops forecast, reaffirms 2020 outlook

The company also released with Regeneron Pharmaceuticals results for advanced trials for pain medication fasinumab

Commerzbank expects net loss for 2020 after second-quarter profit decline

Commerzbank is set to post a loss for 2020, as a big writedown on loans to collapsed firm Wirecard adds to the problems facing Germany's second-biggest lender

Varun Beverages Q2 profit plunges 65% to Rs 143 crore due to lockdown

The company, which follows calendar year as its financial year, had posted a net profit of Rs 405 crore in Q2 FY19