Muted quarter, provisioning far sighted
Miss on all fronts
* 2QFY20 revenue at INR12.7b grew 16.2% YoY (v/s est. 23.5%) while EBITDA at INR245m grew 2% YoY (v/s es..
The company reported standalone net profit of Rs 22.69 crore for the quarter ended September 30, 2019 as compared to Rs 23.51 crore in the same period last year, register..
BENGALURU- Activity in India's dominant services industry contracted for a second consecutive month in October due to muted demand, a private business survey showed o..
The company reported standalone net profit of Rs 54.77 crore for the quarter ended September 30, 2019 as compared to Rs 51.31 crore in the same period last year, register..
Only 10% of the 40GW of financially distressed coal power plants have been able to resolve their outstanding debt, an analysis by credit rating agency ICRA shows. B..
Good business, rough weather
We maintain BUY on CDSL despite revenue and margin miss in 2QFY20. Annual issuer charges (+21% YoY in 6M) is driving growth led by the unl..
The company reported standalone net profit of Rs 55.47 crore for the quarter ended September 30, 2019 as compared to Rs 23.74 crore in the same period last year, register..
Lower corporate tax saves the day
We expect the changes in corporate tax rate to increase EPS (ceteris paribus) for Just Dial (JD) by ~10% in FY20. However, we expect ..
BENGALURU - India's dominant services sector slipped into contraction in September as new business orders fell for the first time since early 2018, according to ..
Tax benefit to be larger than anticipated
The benefit of corporate tax cut for Teamlease is higher than what we had anticipated earlier. Teamlease can opt fo..
Quality of profile acquisition needs to improve
We maintain BUY rating on Matrimony.com with a DCF based target price of Rs750. Collections in the matchmaking segment ..
The service sector drives the economy of the erstwhile state of Jammu and Kashmir, contributing 56 per cent to the economic activity of the region, a report by CARE ratin..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
BSNL to offer more data, validity under select prepaid plans
Infosys signs agreement with U.S. IRS; sees lower tax rate
Jaguar Land Rover chief wants alliances, not a merger
CSB Bank announces launch of initial public offering
Fiat Chrysler says Peugeot talks progressing despite GM lawsuit
Exclusive: German exports to United States jump in third-quarter despite trade tensions
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