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Indian drugmaker Alembic Pharma misses Q2 profit view as US sales growth slows Indian drugmaker Alembic Pharmaceuticals reported a smaller-than-expected rise in second-quarter profit on Thursday, hurt by a slowdown in the U.S. market amid pricing pressure. The company's consolidated profit rose 12% to 1.53 billion rupees ($18.1 million) in the quarter ended Sept. 30, but fell short of the analysts' expectation of 1.55 billion rupees, per estimates compiled by LSEG. Revenue from operations, which rose 3.3% to 16.48 billion rupees, also missed analysts' ...
Indian drugmaker Alembic Pharma misses Q2 profit view as US sales growth slows
Indian drugmaker Alembic Pharma misses Q2 profit view as US sales growth slows
Source: Reuters
2024-11-07 01:55:06 pm
India`s Jindal Steel`s profit falls on subdued demand, lower prices India's Jindal Steel and Power reported a drop in second-quarter profit on Wednesday, hurt by weak domestic demand and lower steel prices. The company's consolidated net profit fell 38% year-on-year to 8.61 billion rupees ($102.2 million) for the quarter ended Sept. 30. Its revenue from operations declined 8.5% to 112.13 billion rupees. KEY CONTEXT India's steel demand fell during the quarter as above-normal rainfall slowed down activity in the auto and infrastructure ...
India`s Jindal Steel`s profit falls on subdued demand, lower prices
India`s Jindal Steel`s profit falls on subdued demand, lower prices
Source: Reuters
2024-11-06 05:44:02 pm
India's Apollo Hospitals beats Q2 profit view on strong healthcare services demand India's Apollo Hospitals Enterprise topped second-quarter profit expectations on Wednesday, driven by higher demand for its healthcare services. The hospital chain operator's consolidated net profit surged nearly 63% year-on-year to 3.79 billion rupees ($45 million) in the quarter ended Sept. 30, beating analysts' average estimate of 3.64 billion rupees, as per data compiled by LSEG. Hospital chain operators such as Apollo and Max Healthcare have been focused on improving th...
India's Apollo Hospitals beats Q2 profit view on strong healthcare services demand
India's Apollo Hospitals beats Q2 profit view on strong healthcare services demand
Source: Reuters
2024-11-06 04:59:00 pm
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc The India equity capital markets hit a record high and raised $49.2 billion in the first nine months this year (January-September period) -- a massive 115 per cent growth compared to a year ago -- surpassing the annual record set in 2020 by proceeds, a report showed on Thursday.  The number of equity capital market offerings also saw a 61 per cent increase year-on-year, according the report by LSEG, a global financial markets infrastructure and data provider. Initial public offerin...
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Source: IANS
2024-10-03 09:47:17 am
Foreign investors ditch India's pricey stocks, opt for new issues Foreign investors are unloading their holdings of expensive Indian stocks and turning instead to new listings in primary markets as they seek cheaper exposure to the market and better returns. Their selling has been driven by profit booking as Indian stocks trade at record highs, and at valuations topping those of most major stock markets. Investors are pumping money instead into initial public offerings (IPOs), whose valuations are lower and where there is less of a scramble for stocks...
Foreign investors ditch India's pricey stocks, opt for new issues
Foreign investors ditch India's pricey stocks, opt for new issues
Source: Reuters
2024-08-27 10:39:42 am
India`s Asian Paints misses Q4 profit view as price cuts, competition bite India's Asian Paints reported fourth-quarter profit below estimates on Thursday, hurt by a fall in revenue as it cut prices to weather tighter competition following the entry of Grasim Industries. The company's consolidated net profit rose 1.8% from last year to 12.57 billion rupees ($150.6 million) in the quarter ended March 31, missing analysts' expectation of 13.62 billion rupees, per LSEG data. Sales for the quarter fell 0.6%, dragged by weak demand for decorative paints...
India`s Asian Paints misses Q4 profit view as price cuts, competition bite
India`s Asian Paints misses Q4 profit view as price cuts, competition bite
Source: Reuters
2024-05-09 02:09:01 pm
India's Hero MotoCorp beats Q4 profit estimates Hero MotoCorp, India's largest motorcycle maker by market share, reported a bigger-than-expected rise in fourth-quarter profit on Wednesday, aided by sales of its bikes such as Splendor and Passion. The company's standalone profit rose 18.3% year-on-year to 10.16 billion rupees ($121.7 million) in the three months ended March 31. Analysts, on average, had expected a profit of 10.06 billion rupees, per LSEG data.
India's Hero MotoCorp beats Q4 profit estimates
India's Hero MotoCorp beats Q4 profit estimates
Source: Reuters
2024-05-08 02:57:39 pm