Budget 2020

Apollo Hospitals Q3 results: Net profit rises 49% to Rs 134 cr

NEW DELHI: Apollo Hospitals on Friday reported 49.14 per cent rise in consolidated net profit at Rs 134.16 crore for the quarter ended December 31, 2020 mainly on account of reduction in expenses. The company had logged a net profit of Rs 89.95 crore in the year-ago period, said in a regulatory filing Revenue from […]

Budget 2020

How did India’s Big Pharma fare in the December Quarter?

Mumbai: It was a diverse quarterly show for four of India’s Big Pharma companies that posted their Q3 results last week. The traditional US generics business is battling price erosion amid competition and new product launches have forged growth. In the domestic market, the non-Covid portfolio has staged a recovery, leading to improved sales. Sales […]

News Headlines

Large stressed book rekindle concerns over YES Bank

With a core equity capital of 13% Yes Bank is much higher than the regulatory requirements after raising Rs 14,267 crore through a follow on issue in July. Synopsis Macquarie analyst Suresh Ganapathy pointed out that total stressed loans and loans overdue for more than 30 days stand at Rs 28,000, or about 16% of […]

Budget 2020

HDFC Bank Q3 preview: Expect firm operating show, but net profit likely to be muted

MUMBAI: India‚Äôs largest private sector lender HDFC Bank is likely to report firm growth in pre-provision operating profit for the quarter ended December, but may only see a very low single-digit growth in net profit when it reports its earnings on Saturday. Analysts expect the private sector lender to report pre-provision operating profit of Rs […]

Budget 2020

Wipro Q3 results: Net profit rises 21% to Rs 2,967 cr, beats estimates

NEW DELHI: Wipro on Wednesday reported a 20.8 per cent YoY rise in net profit at Rs 2,966.70 crore for the December quarter compared with Rs 2,455.80 crore in the same quarter last year. The number beat an ET NOW poll estimate of Rs 2,554 crore. Revenue for the quarter rose 1.3 per cent YoY […]