RIL Q4 net profit down 37%
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
earnings
April 2020
January 2020
July 2019
HDFC Bank’s Q4 net profit rises 18%
The most-valued private sector lender’s net profit jumps to ₹6,927 crore in the March quarter despite the economic disruption triggered by the Coronavirus outbreak.
New opportunities for TCS amid Covid-19 turbulence
As companies brace for tough times ahead, they will look for an IT partner that can help build resilient, digital-first business models. Analysts believe TCS will benefit from this.
Markets end in the red after good start
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
Wipro’s Q4 profit falls 6.3% y-o-y
The IT firm skips revenue guidance for the April-June quarter amid low visibility on future business due to the coronavirus pandemic.
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.
Infosys Q3 profit up 23.7%
The Bengaluru-based IT major has increased its FY20 revenue forecast to 10%-10.5%; company’s board says whistleblower complaints against CEO and CFO “are substantially without merit.”
Tata Motors Q1 loss widens
Headwinds in the Indian auto market and continuing weakness at its British subsidiary’s global business made this a disappointing quarter for the company.
L&T Q1 net profit up 20%
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
