Bharti Airtel A Strong Performance: Bharti Airtel reported a net profit of ₹4,160 crore for Q1 FY25, marking a 158% increase. Revenue rose 3% to ₹38,506 crore, slightly below forecasts. Despite the strong earnings, shares closed 1.66% lower at ₹1,469 on the NSE. The company’s India business revenue grew by […]
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Tamilnad Mercantile Bank (TMB) has reported a 10% rise in its net profit at ₹287 crore for the quarter ending June 2024, compared to ₹261 crore in the corresponding quarter of the previous year. This growth is driven by an increase in both interest income and non-interest income, despite higher […]
dani Ports and Special Economic Zones reported a strong start to the fiscal year with a 47% year-on-year increase in consolidated net profit to Rs 3,113 crore for the April-June quarter. The port operator also saw a notable increase in its revenue from operations, which stood at Rs 6,956 crore […]
Weak Demand and Prices: The overall cement industry witnessed slow volume growth and soft demand in Q1 . Squeezed Margins: Increased competition and rising input costs are expected to put pressure on profit margins . Even though revenue might hold up somewhat, profitability could be impacted. Industry Trend: Analysts predict […]
Revenue growth projection: 22-23% YoY for the consolidated entity. GMV growth projection: Mid-twenties YoY overall, with Beauty exceeding consolidated growth at high twenties YoY and Fashion trailing at mid-teens YoY. Reason for slower physical retail growth: Elections and heatwaves in North India. New segmental reporting: Beauty and Fashion segments with […]