L&T shares up 2.27% after Q1 profit surges 12% to ₹2,786 cr
Boosted by robust order growth in Middle East, L&T received orders worth ₹70,936 cr at group level, registering a year-over-year growth of 8% in the first quarter
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Ultratech Cement Q1 profit up 6.7% to ₹1,688.5 cr, revenue surges 16.9% on robust demand
The company's EBITDA (earnings before income, tax, depreciation and amortisation) stood at ₹3,223 crore in Q1 of FY23
Sensex, Nifty to open higher; Maruti, Axis Bank, Biocon, Vedanta, Wipro, SBI Cards shares in focus
The Sensex and Nifty are set to open higher on the first day of the May F&O series, following strong cues from global peers and positive trends at SGX Nifty futures.
Paytm Q2: Revenues up 64%; losses widen to ₹473.5 crore
Paytm has maintained the growth momentum in the payments services business, expanded financial services business aggressively and are on the way to pre-pandemic volumes for Commerce and Cloud service.
L&T hopeful of a recovery in the second half
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
Second wave of Covid-19 may hit India Inc’s recovery
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.
Roshni Nadar Malhotra takes charge at HCL Tech
Covid-19 hits tech major’s financial performance in the June quarter over the March quarter; net profit up 31.7% over the year-ago period.
Axis Bank Q3 net profit misses estimates
Net profit rose 4.5% to ₹1,757 crore on the back of growth in net interest income. Profit did not meet analysts’ estimates but the bank saw a marginal improvement in asset quality.
Wipro’s Q3 profit dips, margins improve
The Bengaluru-based company expects revenue from its IT services business to rise by up to 2% y-o-y in the March quarter, announces interim dividend of ₹1 per equity share.
Bandhan Bank’s Q3 net rises more than twofold
Net profit for the quarter ended December 2019 increased to ₹731 crore from ₹331 crore in the corresponding period of the previous year.
