MUMBAI: Piramal Enterprises (PEL), the non-banking finance company of the real estate and pharma group swung to a profit in the March quarter helped by a large tax write-back even as higher funding costs and continued paring of its wholesale loan book pressured earnings. The consolidated net profit was 137 crore from a loss of … Read more
Tata Motors Ltd is slated to release its earnings for the quarter ended December later today, and Dalal Street is foreseeing a robust performance from the automaker. Robust demand for passenger and commercial vehicles in India, growth in volumes for JLR, easing raw material costs, a richer product mix, and operating leverage benefits are likely … Read more
Consumer discretionary major Titan Ltd will report its third quarter results today and if we go by the pre-quarter update, the company is expected to post strong growth in both bottom line and top line. Titan said its standalone grew 22% year-on-year in the third quarter. Here’s what to expect from Titan’s Q3 Core earnings … Read more
Fintech major PB Fintech, which operates and runs policybazaar, will report its third quarter results today. Analysts expect the company to report healthy revenue growth along with first-ever quarterly profit. The revenue is expected to rise 34% year-on-year, led by protection business due to operating leverage and normalised advertising spends. The profit is expected to … Read more
Vodafone Idea Ltd is scheduled to release earnings for the quarter ended December later today, and the telecom operator is expected to see a sequential improvement in the performance, aided by operating leverage benefits and higher average revenue per user. According to estimates given by brokerages, the company’s consolidated net loss in the December quarter … Read more
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today. However, the expectations from the company seem to be modest for the third quarter.Tech Mahindra may report sequential decline in overall revenue and constant currency … Read more
Kotak Mahindra Bank is expected to report a double-digit growth in net profit for the quarter ended December, led by strong interest income, healthy loan growth, lower credit costs, and stable asset quality. The private sector lender’s net profit for the quarter is seen rising 15.3% year-on-year (YoY) to Rs 3,219 crore, and net interest … Read more
Fintech major Paytm, which has shown considerable improvement in its quarterly earnings for the past few quarters, is expected to post solid revenue growth for the quarter ended December. Revenue from operations may grow 32% year-on-year, according to an average estimate of two brokerages. On a sequential basis, revenue may rise 8%. Losses during the … Read more
Leading private lender IndusInd Bank is expected to report healthy growth in net interest income (NII) for the quarter ended December on the back of solid loan growth. NII for the third quarter is likely to grow around 16% year-on-year, according to an average estimate of five analysts. The NII growth is likely to be … Read more
