BENGALURU : India’s Amara Raja Batteries Ltd reported a 41% jump in fourth-quarter profit on Tuesday, powered by strong demand from auto makers and accelerated 5G rollouts in the telecoms space. Consolidated net profit after tax rose to 1.39 billion rupees ($17.00 million) in the quarter, compared with 988.5 million rupees a year ago, the […]
India’s CESC posts rise in Q4 profit as demand for electricity grows – EQ Mag
BENGALURU : Indian power generation and distribution company CESC Ltd reported a 2.1% rise in quarterly profit on Monday, aided by higher electricity output ahead of summer. Consolidated net profit for the quarter ended March 31 increased to 4.33 billion rupees ($52.95 million), compared with 4.24 billion rupees a year earlier, the RP – Sanjiv […]
Coal India’s Q4 profit falls 17% on higher provisions for wage hike – EQ Mag
NEW DELHI : Coal India Ltd reported a 17.3% fall in fourth-quarter profit on Sunday, as the world’s largest coal miner made higher provisions for wage hikes. Consolidated net profit fell to 55.33 billion Indian rupees ($677.07 million) in the three-months ending March 31, compared with 66.93 billion rupees a year earlier, the state-run company […]
NTPC Share Price Rises After 3-Fold Jump in Q4 Profit; Brokerages Expect up to 29% Upside
The stock trades attractively at FY22E P/BV of 0.8x and dividend yield of 6 percent. We maintain buy, with DCF-based target of Rs 145 per share, Motilal Oswal said. NTPC share price gained over 2 percent in the morning session on June 21, after the company declared its March quarter results on June 19. The […]