Finance Update Uncategorized

Tata Steel Q3 profit jumps 54% YoY to Rs 1,753 crore, misses Street estimates

Q3 Results: Tata Steel’s Profit Surges As Acquisitions Start Paying Off Revenue rose 23.2 percent to Rs.41,220 crore. Operating profit increased 18 percent to Rs.6,723.4 crore. Margin narrowed 70 basis points to 16.3 percent. Economictimes: Tata Steel Q3 profit jumps 54% YoY to Rs.1,753 crore, misses Street estimates Consolidated revenue for December quarter jumped 23 […]

Business News

Datamatics and AEP Ticketing win automated fare collection contract for Mumbai Metro

Datamatics Wins Automated Fare Collection Contract for Mumbai Metro Line 2A, 2B and 7 The Consortium led by Datamatics Global Services Limited (DGSL) and AEP Ticketing solutions S.R.L, Italy (AEP), have been issued the Letter of Acceptance (LOA) for implementing Automatic Fare Collection (AFC) system for 52 stations of Mumbai Metro Line 2A (Dahisar to […]

Finance Update

AIA Engg reports Q3FY19 net profit rose by 11% yoy

AIA Engineering Ltd’s Q3FY19 consolidated net profit rises 11% yoy to Rs.128.96cr : In-line with Estimates Net profit rose by 11% y-o-y to Rs.128.96 crore from Rs.116.2 crore. Revenue surged by 27% y-o-y to Rs.726.4 crore from Rs.572.2 crore. EBITDA rose by 30.2% y-o-y to Rs.165.2 crore from Rs.126.9 crore. AIA Engineering Ltd’s Q3FY19 consolidated […]

Finance Update

Phoenix Mills Q3 FY19 revenue rises by 6% y-o-y

Phoenix Mills Q3FY19 result, revenue up by 6%, margin stable Revenue from operations at Rs.440.43 crore, up 6% y-o-y EBITDA at Rs.222.47 crore, up 8% y-o-y with a corresponding margin expansion of 89 bps The Phoenix Mills Limited (PML), India’s largest retail-led mixed-use asset developer and operator, today reported its unaudited financial results for the third […]

Business News

Zydus gets approval from USFDA for seizure drug Carbamazepine

Zydus Cadila gets USFDA nod for drug to treat seizures Carbamazepine is an anticonvulsant agent. It works by reducing excessive nerve signals in the brain and restoring the normal balance of nerve activity. Zydus Cadila on Friday said it has received final approval from the US health regulator to market Carbamazepine extended-release tablets, used to […]

Finance Update Uncategorized

Britannia Q3 net profit rises by 14% yoy to Rs.300cr

Britannia Industries Ltd’s Q3FY19 consolidated net profit rises 13.8% yoy to Rs300.1cr : Misses Estimates Consolidated Results Q3FY19: (Rs. in cr) Q3FY19 YoY (%) Revenue 2,842.4 10.7 EBITDA 451.8 13.4 EBITDA Margin (%) 15.9 38 Net Profit (adjusted) 300.1 13.8 The company’s consolidated revenue stood at Rs.2,842.4cr, up 10.7% yoy but flat sequentially Britannia Industries […]

Finance Update Uncategorized

MRF Ltd’s Q3FY19 standalone net profit declines 18% yoy to Rs.279cr: Misses Estimates

Net profit fell by 18% to Rs. 279.3 crore from Rs. 340.5 crore. Revenue rose by 6.2% to Rs. 4,034 crore from Rs. 3,799 crore. EBITDA dipped by 21.5% to Rs. 552 crore from Rs. 703 crore. MRF Shares dipped 1% after India’s largest tyre manufacturer reported lower-than-expected numbers on revenue, PAT, EBITDA margin, and […]

Business News

MoneyControl: Q3 earnings scorecard: 10 stocks where global brokerages raised target price post results

MoneyControl: Among the Nifty constituents, Maruti Suzuki, Among the Nifty constituents, Maruti Suzuki, UltraTech Cement, Yes Bank, SBI, IOC, Bharti Airtel and NTPC missed PAT estimates, while L&T, Axis Bank, ITC, Asian Paints, Bajaj Finance, Reliance Industries and HCL Tech exceeded expectations., Yes Bank, SBI, IOC, Bharti Airtel and NTPC missed PAT estimates, while L&T, Axis Bank, […]