NEW DELHI: Mukesh Ambani-led Reliance IndustriesNSE 2.80 % on Friday beat Street estimates in December quarter earnings, as it posted 13.55 per cent year-on-year (YoY) rise in profit at Rs 11,640 crore on robust growth in telecom and retail verticals.Analysts in an ET NOW poll had estimated the profit number at Rs 11,400 crore.The company’s overall revenue declined 2.48 per cent to Rs 1.57 lakh crore from Rs 1.61 lakh crore in the year-ago period.
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Mukesh Ambani-led Reliance Industries(RIL) on Friday reported 6.82 per cent year-on-year rise in consolidated net profit at Rs 10,104 crore for the quarter ended June 30. Analysts in an ET NOW poll had projected a profit of Rs 9,550 crore. The oil-to-telecom behemoth had posted a net of Rs 9,459 crore in the corresponding quarter last year.
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NEW DELHI: Mukesh Ambani-led Reliance IndustriesNSE 2.80 % on Friday beat Street estimates in December quarter earnings, as it posted 13.55 per cent year-on-year (YoY) rise in profit at Rs 11,640 crore on robust growth in telecom and retail verticals.Analysts in an ET NOW poll had estimated the profit number at Rs 11,400 crore.The company’s overall revenue declined 2.48 per cent to Rs 1.57 lakh crore from Rs 1.61 lakh crore in the year-ago period.
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ITC on Friday posted 5.7% growth in revenue from operations at Rs 11,502.82 crore for the first quarter ending June 30, 2019 missing street estimates. The company attributed the sales growth to the paperboards, hotels and non-cigarette FMCG business. The cigarette-FMCG-hotel major’s net profit for the quarter grew by 12.6% at Rs 3173.94 crore over the same period last year.
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FMCG major Hindustan Unilever Ltd (HUL) on Monday reported a 21.18 per cent rise in standalone net profit to Rs 1,848 crore for the quarter ended on September 30, 2019, mainly driven by home care, and beauty and personal care verticals. The company had posted a net profit of Rs 1,525 crore for the corresponding period of the previous fiscal, HUL said in a filing to BSE.
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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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HCL Technologies on Friday reported 16.31 per cent year-on-year (YoY) rise in consolidated profit at Rs 3,037 crore for the quarter ended December 31. It had posted a net of Rs 2,611 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected the number at Rs 2,757.90 crore.Revenue increased 15.5 per cent to Rs 18,135 crore during the quarter under review.
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InterGlobe Aviation -- parent company of IndiGo airline -- on Monday reported a whopping 168 per cent rise in its third quarter (Q3 FY20) consolidated net profit at Rs 496 crore on the back of increasing load factor and higher operating income. In Q3 FY19, it had posted net profit of Rs 185 crore. During the September quarter of current fiscal (Q2 FY20), the budget airline had reported its highest ever quarterly loss of Rs 1,066 crore.
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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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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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March-quarter profit 13.32 billion rupees versus profit 13.10 billion rupees year ago. Consensus forecast for march-quarter profit was about 13 billion rupees. March-quarter total revenue from operations 85.96 billion rupees versus 68.16 billion rupees year ago. Board recommend dividend of 140 rupees per share.
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