Media and entertainment firm Zee Entertainment Enterprises on Tuesday reported a 38 per cent fall in its consolidated net profit for October-December quarter at Rs 348.60 crore, mainly on account of decline in advertising revenue. The company had posted a net profit of Rs 562.76 crore in the same period a year-ago, Zee Entertainment Enterprises Ltd (ZEEL) said in a filing to the BSE.
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Media and entertainment firm Zee Entertainment Enterprises on Tuesday reported a 38 per cent fall in its consolidated net profit for October-December quarter at Rs 348.60 crore, mainly on account of decline in advertising revenue. The company had posted a net profit of Rs 562.76 crore in the same period a year-ago, Zee Entertainment Enterprises Ltd (ZEEL) said in a filing to the BSE.
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Watch Zee Q3 net profit dips 38% to Rs 348.60 cr, revenue down 5.5% With HD Quality
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Asian Paints on Thursday reported a 1.6 per cent year-on-year fall in consolidated profit after minority interest at Rs 473.11 crore, falling short of Rs 595 crore projected by analysts in an ET NOW poll. The paints company had reported Rs 480.99 crore profit in the corresponding quarter last year. Consolidated revenue from operations rose 11.7 per cent to Rs 5,018.21 crore from Rs 4,492.30 crore in the year-ago quarter.
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HCL Technologies on Thursday reported a 15.3 per cent year-on-year (YoY) rise in profit at Rs 2,568 crore. However, profit fell 1.7 per cent on a sequential basis. The IT firm had posted Rs 2,227 profit in the year-ago period. The IT major has guided FY20 constant currency revenue in 14-16 per cent range. This translates to 13.4-15.4 per cent in dollar revenue. The company pegs EBIT margin for FY20 at 18.5-19.5 per cent.
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Infosys on Friday beat Street estimates to report a 23.49 per cent year-on-year rise in profit at Rs 4,457 crore compared with Rs 3,609 crore posted for the same quarter last year. Analysts in an ET NOW poll had estimated the number at Rs 4,204.50 crore.
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