Nitish Mittersain, Joint MD & CEO, Nazara Technologies, says the company is always trying to get the right balance between profitability and growth. In the current quarters, certain businesses that allowed us to spend more in terms of user acquisition so that we can drive faster growth and this is profitable spending. This is not … Read more
In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it pays to car dealers, for sourcing loans, to sales as opposed to the current practice of paying them a fixed percentage as a commission, according to a bank’s internal circular, assessed by ET. The … Read more
VP Nandakumar, MD, Manappuram Finance, says that the company has not been impacted by RBI’s new regulations. He feels it is positive because the company is fully prepared for that through their online gold loan schemes, etc. The profitability remained pretty robust. Next year also on a consolidated level, they expect a CAGR of 20% … Read more
Hindalco Industries, the Aditya Birla Group’s metals flagship company, is likely to post muted revenues even though profitability is expected to edge higher. The company will announce its fourth quarter results later today. Revenue from operations during the January-March 2024 period is likely to decline up to 6% year-on-year, while profit growth is seen up … Read more
Mumbai: Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages, including CLSA, to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of ₹390. CLSA downgraded its rating … Read more
For the December 2023 quarter, a sample of 316 large cap companies (market cap above Rs 15,000 crore) reported an aggregate operating margin of 18.3%. For a sample of 762 mid cap companies (market cap between Rs 1,000 crore and Rs 15,000 crore), it was 13.3% and for 2,271 small cap companies (market cap below … Read more
Viren Prasad Shetty, Executive VC, Narayana Health, says: “Is the larger goal to make healthcare more affordable, then price cap does not achieve it because what happens right now in a dynamic pricing situation where you have multiple price points for multiple classes of people. You have very poor people below the poverty line who … Read more
BENGALURU: Shares of Indian food delivery platform Zomato hit a record high on Friday, as improving profitability paves the way for future growth, triggering a turnaround in investor sentiment.Zomato is the most-valuable internet stock in Asia’s third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose … Read more
Mumbai: Bearish bets on stock futures of HDFC Bank, India’s most valuable lender, are at the highest level ever as concerns that the firm’s profitability is under pressure are seen weighing down its share price. Total open interest, or outstanding positions, in HDFC’s stock futures has surged by 115% to 4.19 lakh contracts – a … Read more
Mumbai: Investors who had almost written off public sector banks in favour of their private peers are being forced to reconsider some of their choices, at least for now. As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year … Read more