Titan hits a 14.4% increase in profit for Q4 at Rs 348 crore

Watches and accessories maker Titan Company Ltd on Wednesday secured a 14.4% jump in its consolidated net profit for the quarter ended March 31, while revenue at the maker of Titan watches... Read more »

Financial creditors to see a peak in realisation because of IBC in FY2020

ICRA Ratings has estimated that the financial creditors would realise more than Rs. 800 billion in FY2020 from the Insolvency and Bankruptcy Code (IBC), compared to about Rs. 660 billion realised in... Read more »

Airtel’s Q4 profit up by 29%, tussle with Reliance Jio continues.

Bharti Airtel Ltd’s fiscal-fourth quarter profit rose 29% from a year earlier because of a one-time gain of ₹2,022.1 crore and a tight control on sales and marketing expenses amid a tariff war with... Read more »

Tata Chemicals profit halves to Rs 1,386.85 crore in FY19, revenue rises 9.19%

Tata Chemicals, part of the over USD 110 billion Tata Group, on Friday reported 48.68 per cent year-on-year decline in consolidated net profit at Rs 1,386.85 crore for the financial year ended... Read more »

Marico Q4 profit increases 18% at ₹213 crore, volume growth for Q4 grows 8%

Marico Ltd’s net profit went up 18% to touch ₹213 crore in Q4 (year-on-year basis), in line with analysts estimates. Its profit for the financial year 2019 grew to 14% to ₹930 crore. However, marketing... Read more »

BSE net profit dips 16.46% to Rs 51.86 crore in quarter ended March 31, 2019

The BSE saw a 16.46 per cent year-on-year decline in consolidated net profit at Rs 51.86 crore during the fourth quarter ended March 31, 2019. The exchange had also reported a consolidated... Read more »

Vedanta FY19 PAT drops 29% to Rs 9,698 crore, revenue up 1% at Rs Rs 90,901 cr

The Anil Agarwal-led Vedanta secured a 29 per cent year-on-year decline in consolidated profit after taxes (PAT) at Rs 9,698 crore in the financial year 2018-19. The mining company had reported a... Read more »

L&T Infotech profit soars 36.2% to Rs 1,515.5 crore in FY19, revenue up by 29%

Larsen and Toubro Infotech, the software services arm of L&T group secured a 36.2 per cent growth in consolidated net profit at Rs 1,515.5 crore in the quarter ending March 2019. The... Read more »
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Higher expenses drop ICICI Bank Q4 net profit by 5% to ₹969 crore

Private sector lender ICICI Bank reported a 5% drop in net profit to ₹969 crore in the fourth quarter ended March 31, 2019, as a result of higher expenses. This was lower than ₹2,129... Read more »

Mastercard to invest Rs 7,000 crore in India in the coming 5 years

Global payments giant Mastercard decides to invest $1 billion or around Rs 7,000 crore in India over the course of five years. Out of the total capital, Mastercard plans to spend around... Read more »