Corporate Scorecard: FY24 Ends On Buoyant Note
Corporate India saw double-digit growth in net profit and single-digit revenue increase in March 2024 quarter. Analysts expect growth ahead.
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March 2023
Godrej Consumer profit surges 41% despite revenue dip
GCPL also declared an interim dividend of ₹5 per share of Re 1 face value for this financial year, with the record date set at August 16.
Online streaming overtakes film industry as primary revenue source: Report
Since 2017, online video, excluding sports, has seen a threefold increase in content investments, highlighting a shift in industry preference from television to OTT platforms.
Dabur shares tank 5% on sluggish demand
Demand trends remained sluggish during the quarter, says Dabur India
Bharti Airtel Q2 profit drops 37% to ₹1,341 cr
Mobile average revenue per user (ARPU) increased to ₹203 in the second quarter as against ₹190 in the corresponding quarter last year.
Wipro Q2 profit flat at ₹2,667.3 cr; revenue dips 0.10%
The IT major expects its IT services revenue growth in the December quarter at -3.5% to -1.5%.
JioAirFiber to unlock a $7-10 billion revenue opportunity: Jefferies
JioAirfiber offers speeds ranging from 30-1000Mbps, in line with its fibre to the home service.
No material revenue impact from Blinkit strike: Zomato
Most Blinkit stores have now resumed operations, says Zomato
Pharma cos' revenue to grow 6-8% in FY24: ICRA
Revenue growth will be driven by steady performance across key markets — the U.S. and India — and some recovery in growth in the European market.
IT companies' revenue growth to drop 7-9% in FY24
Operating profitability will improve to around 23% in fiscal 2024 as IT service firms cut back on new hiring and rein in employee costs, says CRISIL.
