Best Buy stock soars on much higher-than-expected quarterly profit and raised outlook..
Best Buy stock soars on much higher-than-expected quarterly profit and raised outlook.
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Oil-to-telecom giant Reliance Industries on Thursday reported 8.82 per cent year-on-year (YoY) rise in consolidated profit at Rs 10,251 crore. Analysts in an ET Now poll had estimated the profit at Rs 9,540 crore.
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Engineering and construction major Larsen & Toubro Friday posted a 37 percent growth in its net income at Rs 2,042 crore on a robust 24 percent uptick in revenue at Rs 35,709 crore for the three months to December. At Rs 11,476 crore, its international revenue constituted 32 percent of the overall revenue, it said, adding during the quarter it secured orders worth Rs 42,233 crore at the group level.
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India’s largest IT firm TCSNSE -0.25 % on Friday reported a 17.70 per cent year-on-year (YoY) jump in March quarter profit at Rs 8,126 crore, which was better than Rs 7,981 crore estimated by analysts in an ET NOW poll. The IT major had reported Rs 6,904 crore profit in the same quarter a year ago.
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Watch TCS Q4 results: Profit jumps 18% to Rs 8,126 crore, beats Street estimates With HD Quality
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Drug major Cipla Wednesday reported over two-fold jump in consolidated net profit to Rs 357.68 crore for the fourth quarter ended March 31, mainly on account of robust sales across markets. The company has also decided to raise funds of up to Rs 6,000 crore. It had posted a net profit of Rs 153.25 crore for the corresponding period previous fiscal, Cipla said in a BSE filing. For the 2018-19 fiscal, the company's net profit was Rs 1,492.44 crore as against Rs 1,416.57 crore in 2017-18.
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Watch Cipla Q4 profit jumps over 2-fold to Rs 357 cr, beats Street estimates With HD Quality
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IT major Wipro on Tuesday reported a 35.82 per cent YoY rise in consolidated net profit at Rs 2,561.30 crore for the September quarter compared with Rs 1,885.70 crore in the corresponding quarter last year. On a sequential basis, the profit was up 6.2 per cent. The company has guided for IT services revenue of $2,065 million to $2,106 million for the December quarter. This translates to a sequential growth of 0.8 per cent to 2.8 per cent.
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Watch Wipro Q2 profit beats Street estimates, rises 36% YoY to Rs 2,561 crore With HD Quality
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Wipro Ltd today reported a near 1 per cent quarter-on-quarter fall in its consolidated net profit to Rs 2,974.3 crore for the quarter ended March, which was higher than analysts’ estimate of Rs 2,831.2 crore. The company reported a near 4 per cent quarter-on-quarter growth in consolidated revenues to Rs 16,245.4 crore for the quarter, which was also higher than analysts’ estimate of Rs 15,956.4 crore.
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Wipro Q4 results: Profit beats estimates, jumps 28% to Rs 2,972 cr YoY; revenue rises 4%
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Infosys, India’s second largest IT firm, on Friday reported 29.62 per cent drop in consolidated net profit at Rs 3,610 crore for December quarter. The IT firm had posted Rs 5,129 crore profit in the corresponding quarter last year, the company said in a BSE filing. The company announced a share buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. It also announced a special dividend of Rs 4 per share.
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FMCG major Hindustan Unilever on Thursday reported a 9 per cent year-on-year rise in profit at Rs 1,444 crore for December quarter. Analysts in an ET NOW poll had estimated the profit figure at Rs 1,452 crore.
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Jaane Anjane Hum Mile | Bharat Ahlawat Talks About His Character In The show
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