The bad loans saw a dip in Q2, both in absolute and percentage terms. The trend is likely to prevail in Q3
The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday. For the first time in as many as 12 quarters, corporate profitability as defined by the earnings before interest, taxes, depreciation and amortisation (Ebitda) margin, is likely to drop by 100-120 bps year-on-year and 70-100 bps sequentially in the December quarter, as 27/40 sectors with 300 companies tracked, excluding financial services, and oil & gas sectors, are likely to see their operating margin shrinking, the report said. According to the analysis, the margin fall will be led by software (230-250 bps fall due ..
According to Jefferies, Infosys's growth will be impacted by seasonal softness, although deal ramp-ups should help drive 3.7 per cent quarter-on-quarter (QoQ) CC revenue growth
The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.
Brokerage firm Jefferies sees EBIT margins of the company declining by 70 basis points to 16.6 per cent from the previous quarter, on the back of salary hikes.
Metal and mining firms expected to lead earnings growth
Nifty rises 1% to close above 18,000 for first time since November 15
The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.
Structural growth story, demand recovery, and market-share gains for Titan, Kalyan Jewellers may persist
Standalone revenue rose 22% to Rs 9,065 crore
The market share of trusted real estate developers in the overall housing sales is gradually increasing as homebuyers have become risk-averse
However, global cues such as high crude oil prices, combined with the direction of foreign fund flows and the rising surge in domestic Covid cases will impact investors' risk-taking appetite
Sectorally, the Nifty Auto and Pharma indices were the only losers, down up to 0.4 per cent
With over 40 companies set to announce their report cards next week, listen to market analysts Devangshu Datta and Sandip Sabharwal, to understand how the results season may pan out
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During the quarter gone by, the company saw significantly higher walk-ins at its jewellery chain Tanishq
Broad-based demand for digital, higher discretionary spends to help firms
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
Pandemic related restrictions, rural slowdown and input costs are key concerns
The economy grew 8.4% in Q2, higher than the MPC's expectations of 7.9%