The US retail giant Walmart reported a rise in revenues on Thursday on increased e-commerce and advertising sales, and raised its outlook for the year. Given its vast size and presence across the United States, Walmart’s earnings are closely scrutinized for signs of the broader health of US consumers.Its strong sales in the US for … Read more
SSD with its small size and scale does not have a unique selling proposition in a space that has several listed players. Investors can ignore subscribing to this issue. Synopsis The company’s revenues have grown from ₹549 crore in FY22 to ₹611 crore in FY24. During the same period, the net profit has more than … Read more
“To me, in terms of the tax rates on cap gains, in fact, if you go back in a year or two, it was expected that they will bring in rationalisation. To be honest, I was just checking in other countries also, you do not have so many multiple rates across that,” says Hemal Zobalia, … Read more
Ramesh Chandra Mansukhani, Chairman, MAN Industries, says the guidance for FY25 would be around Rs 4,000 crore which will be 25-30% growth. This year we closed Rs 3,200 crore while last year it was Rs 2,200 crore. The growth will be roughly Rs 4,000 crore and we are estimating EBITDA between Rs 400 and 450 … Read more
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Chennai: Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO … 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
Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks, agricultural tractors, passenger vehicles had registered a net profit of Rs 22.4 crore during the … Read more
Shares of Naukri.com’s parent company Info Edge (India) jumped 8% on BSE in Friday’s trade to the day’s high of Rs 6,338.55 as the firm reported a Q4 profit of Rs 211 crore, rising 18% year-on-year (YoY). Naukri’s revenues were recorded at Rs 608.3 crore, a 7.9% growth from the same period last year and … Read more
ET Intelligence Group: Rajkot-based ethnic snacks company Gopal Snacks is rolling out a ₹650-crore offer for sale in which the promoters are diluting over 12% of their stake from 93.5% to 81% in the company to repay personal debt taken towards forging a family settlement. No proceeds from the IPO are going to the company. … Read more