New Delhi: State-run Power Finance Corporation (PFC) has reported a nearly 13% growth in its consolidated net profit for FY23 at ₹21,179 crore. In FY22, the company had reported a consolidated net profit of ₹18,768 crore. A company statement said that the consolidated net worth of the company jumped by 16%,Read More →
NEW YORK : Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment. Shares rose 1.5% in premarket trading Thursday. Walmart’s financial performance hints at a U.S. consumer that has remainedRead More →
The stock exchange BSE on Thursday reported a 24% rise in net profit at Rs88.61 crore for the March quarter. The bourse had reported a net profit of Rs71.52 crore in the same quarter a year ago. Its revenue from operations grew 11% at Rs227.01 crore in the March quarter.Read More →
MUMBAI : Mumbai-based Man Infraconstruction Limited on Tuesday, reported a 118% increase in its March quarter consolidated net profit at ₹81.6 crore as against ₹37.4 crore in the same period of FY2022. The company’s revenue grew by a 157% to ₹680 crore during the March quarter as compared to ₹264 croreRead More →
KKR & Co. on Monday reported 26% decline in its earnings for the first quarter of the current fiscal year from a year ago. The firm reported $719.3 million in distributable earnings, or 81 cents a share, for the March quarter, the company said in a statement. At 9:50 am,Read More →
MUMBAI : Adani Total Gas Limited (ATGL), the joint venture between Adani Group and French energy giant Total S.A., has recorded a 21% rise in consolidated net profit at ₹97.91 crore for the quarter ended March against ₹81.09 crore in the corresponding quarter of FY2022. Adani Total Gas has recommendedRead More →
Shares of cloud-based software provider Salesforce Inc. soared 16% to $193.91, the largest intraday gain since August 2020, on Thursday after it announced strong profit forecast for the full year. The company also increased its share buyback program to $20 billion. Salesforce shares on Thursday closed at $186.59, 11.50% up,Read More →
India’s macroeconomic position is expected to be relatively better than most Asian peers.. And this is driving optimism for the country’s corporate earnings outlook. The consensus earnings per share (EPS) growth estimates for the benchmark Nifty50 for FY23-FY25 are higher than most emerging market and developed market economies. The chartRead More →
Sometimes investing seems easy. Not the business of actually making money—that is always hard. But there are times when the market makes it easy to have a strong view and decide where to put money. Read More →
