We have an Accumulate rating on Bajaj Auto`s Q1 Result - Angel Broking

Below is the view On Bajaj Auto's Q1 Result by  Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking):

“Bajaj Auto reported mix set of numbers in 1QFY18 with revenue and EBITDA below the consensus estimates by 1.5% and 13% respectively. Profit after tax however beat the consensus estimates by 2%; this was

ABB India`s Q2 net profit up 35%

Industrial technology major ABB India on Thursday reported an increase of 34.90 per cent in its net profit for the second quarter (Q2) of 2017.

According to the company, its net profit for Q2 increased to Rs 75.06 crore from Rs 55.64 crore reported for the corresponding period of 2016.

The company revealed that it had received orders worth Rs 2,301 crore during the second qu

RIL Q1 standalone net up 9% at Rs 8,196 cr on petchem gains

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Thursday posted a healthy 9 per cent rise in its standalone net profit for the first quarter ended June at Rs 8,196 crore on the back of higher margins from its petrochemicals business and a one-time gain.

The company had registered a standalone net profit of Rs 7,548 crore during the April-June quarter a year ago. The standalone figu

Bajaj Auto Q1 consolidated net profit down over 19%

Two- and three-wheeler major Bajaj Auto on Thursday reported a decline of more than 19.52 per cent in its net profit for the first quarter (Q1) of 2017-18.

The automobile major's net profit decreased to Rs 836.74 crore for the quarter ended June 30, 2017, from Rs 1,039.70 crore reported in the corresponding period of 2016-17.

According to the company, its total income fo

RIL Q1 consolidated net up by 28%

Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted a nine percent rise in first-quarter standalone profit on Thursday, helped by higher margins from its core petrochemicals business.

Profit on a standalone basis, which only accounts for the company's refining, petrochemicals and oil and gas exploration businesses, rose to 81.96 billion rupees ($1.27 billion) for th

Alembic Pharma Quarterly Result net dips 36% at Rs 66 cr

Drug firm Alembic Pharmaceuticals today reported a 35.73 per cent dip in its consolidated net profit to Rs 66.67 crore for the quarter ended June, mainly on account of transitional provision of GST. The company had posted a net profit after tax, share of associates, joint venture and minority interest of Rs 103.74 crore for the same period a year ago, Alembic Pharmaceuticals said in a BSE filin

NIIT Technologies Consolidated Quarterly Result net surges 79.5% at Rs 51.3 cr

NIIT Technologies today posted 79.5 per cent jump in consolidated net profit to Rs 51.3 crore for the first quarter ended June 30, 2017. NIIT's net profit stood at Rs 28.6 crore in the year-ago period, the company said in a filing to the Bombay Stock Exchange. The company's revenues increased by 5.7 per cent to Rs 708.9 crore in the said quarter from Rs 670.7 crore in the April-June per

Weak 1QFY18 direct tax revenues suggest growth pangs - Kotak Sec

Weak 1QFY18 direct tax revenues suggest growth pangs.

The modest growth in direct tax revenues in 1QFY18 probably reflects (1) underlying weakness in the economy and/or (2) companies’ assessment of a weak FY2018. We were hopeful about an uptick in tax revenues post demonetization from higher declaration of unreported income. However, overall dire

20/07/2017 3:28:18 PM | Posted in Special Event Reports read full news
Hindustan Zinc quarterly Result profit rises 81 percent

 Hindustan Zinc Ltd , India's biggest zinc miner, posted an 81 percent jump in quarterly profit on Thursday, boosted by higher income from zinc operations and an increase in the metal prices.

Net Profit rose to 18.76 billion rupees ($291.16 million) in its fiscal first quarter ended June 30 from 10.37 billion rupees a year earlier, the company, which is a unit of Vedanta Ltd

ABB India surges over 6% on robust Quarterly Result

Shares of ABB India jumped over 6 per cent on the Bombay stock Exchange after the company reported 39 per cent year-on-year growth in net profit at Rs 76 crore for the second quarter ended June 30, 2017. Driven by strong Q2, shares of the company gained as much as 6.59 per cent to hit intra-day high of Rs 1548.40 apiece on the Bombay Stock Exchange.

The stocks were currently trading a

Bajaj Auto first-quarter profit falls about 6 percent

Bajaj Auto Ltd posted a 5.6 percent fall in quarterly profit on Thursday as sales were hit by the changeover to BS-IV compliant vehicles and the transition to the new Goods and Services Tax (GST).

Profit was 9.24 billion rupees ($143.48 million) in the first quarter ended June 30, compared with 9.78 billion rupees a year earlier, the country's fourth largest automaker by market ca

Goldman`s rotten trading quarter is a familiar smell on Wall Street

 Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want to buy or sell.

But the shift in business model, prompted by reforms following the 2008 financial crisis, has done little

Mastek Quarterly Result cons net jumps over 6-fold at Rs 14.7 cr

Mastek, a global IT technology firm, has reported over six-fold jump in its consolidated net profit at Rs 14.7 crore for the first quarter ended June 30, 2017. “The consolidated net profit of the firm stood at Rs 2.3 crore during the same period a year ago,” said Mastek in a filing to the Bombay Stock Exchange on Wednesday. The consolidated total revenue from operations rose by 41.4

Havells India Quarterly Result net dips 17% at Rs 120.36 cr

Havells India, one of the largest electrical equipment companies, has reported a 16.78 per cent year-on-year decline in its standalone net profit at Rs 120.36 crore for the first quarter ended June 30, 2017. “The standalone net profit of the firm stood at Rs 144.64 crore during the same period a year ago,” said Havells India in a filing to the Bombay Stock Exchange on Wednesday.

Bajaj Finance`s Quarterly Result standalone net profit up 42%

Bajaj Finance on Wednesday reported a surge of 41.98 per cent in its standalone net profit after tax (PAT) to Rs 602 crore for the first quarter (Q1) of the 2017-18.

On a standalone basis, the company's net PAT for Q1 stood at Rs 602 crore as compared to Rs 424 crore reported during the corresponding quarter of last fiscal.

During the quarter under review, the

Q1 FY2018 Results Total Income at Rs. 658.73 Crores EBIDTA expands to Rs. 76.28 Crores PAT at Rs. 23.58 Crores EPS of Rs. 14.39 per share

Mumbai, Maharashtra, July 19, 2017: Sutlej Textiles and Industries Limited (BSE: 532782 / NSE: SUTLEJTEX), a leading manufacturer and exporter of value added dyed yarns (synthetic & cotton mélange) with presence in Home Textiles, today reported its financial results for the quarter ended 30th June 2017.

 

Commenting on the resu

Sterlite Tech Quarterly Result net zooms 61% at Rs 60.6 cr

Optical fibre maker Sterlite Technologies today posted about 61 per cent jump in its consolidated net profit at Rs 60.59 crore for the quarter ended June 2017. The company had registered net profit of Rs 37.74 crore in the same period a year ago, the company said in a filing to the Bombay Stock Exchange. "Over 150 countries have announced national and rural broadband plans, with India at t

As Morgan Stanley hits wealth records, analysts ask how long it can last

After Morgan Stanley's wealth management business reported record quarterly revenue and hit the high end of its profit margin target on Wednesday, analysts wanted to know how sustainable those results are.

Rising stock markets, another Federal Reserve interest rate increase and strong loan demand helped the business generate $4.2 billion in revenue and $1.1 billion in pretax incom

Canara Bank first-quarter net profit misses estimates; bad loans rise

Canara Bank posted a lower-than-expected quarterly net profit on Wednesday, hurt by higher bad loan provisions.

Net profit rose to 2.52 billion rupees ($39.18 million) in its fiscal first quarter ended June 30, from 2.29 billion rupees a year earlier, the country's fifth largest state-run lender by assets said 

Analysts on average had expected the Bengaluru-based ba

Negative growth to slow down to 17% in Quarterly Result: FICCIs Survey

FICCI’s latest quarterly survey on manufacturing suggests slight improvement in the manufacturing sector outlook in the April–June quarter of the fiscal as the percentage of respondents reporting higher production in first quarter have increased vis-à-vis previous quarter. “The survey highlighted that the percentage of respondents reporting lower production has reduced

Jubilant Life Sciences cons Qauerterly Result net dips 12% at Rs 143.71 cr

Jubilant Life Sciences said that it has reported a decline of 12.3 per cent in its consolidated net profit at Rs 143.71 crore for the quarter ended June 30, 2017. The company had posted consolidated net profit of Rs 163.92 crore in the same quarter a year ago, the company said in a filing to the Bombay Stock Exchange. Consolidated revenue from operations of the company however rose to Rs 1,596.

UltraTech Cements consolidated Quarterly Result net profit up 15%

Aditya Birla group company UltraTech Cement on Tuesday reported a rise of 15 per cent in its consolidated net profit for the April-June quarter of 2017-18.

According to the company, its net profit rose to Rs 897 crore from Rs. 780 crore reported for the corresponding quarter of last fiscal.

Besides, the company's consolidated net sales rose to Rs 6,938 crore fo

Bank of Americas quarterly profit rises 11 percent

 Bank of America Corp , the second-largest U.S. lender by assets, reported an 11 percent rise in quarterly profit on Tuesday as net interest income increased.

Net income attributable to shareholders rose to $4.91 billion in the second quarter ended June 30 from $4.42 billion a year earlier.

Earnings per share rose to 46 cents from 41 cents.

Analysts on average