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Clues by NC Team • 16 Apr 2019, Tuesday

IT major Wipro on Tuesday reported a 38.4% year-on-year (YoY) jump in net profit at Rs 2,493.9 crore for the fourth quarter ended March 2019 as against a net profit of Rs 1,803 crore in the corresponding quarter last year. Revenue from operations in the March quarter increased 8.9% to Rs 15,006.3 crore from Rs 13,768.6 crore in the year-ago period. The Wipro board has approved Rs 10,500 crore buyback of 32.31 crore shares at Rs 325 per share.

Read More at CNBC TV18
Clues by NC Team • 16 Apr 2019, Tuesday

Tata Metaliks Ltd, manufacturer and supplier of pig iron, said on Monday its net profit rose by 17.74% to Rs 64.35 crore during the fourth-quarter ended March 31, 2019. The company had posted a net profit of Rs 54.65 crore in the year-ago quarter. Its total income rose over 7% to Rs 596.62 crore in the January-March quarter of 2018-19 as compared to Rs 555.77 crore in the corresponding quarter of the previous fiscal.

Read More at The Economic Times
Clues by NC Team • 16 Apr 2019, Tuesday

IT major Wipro will be in focus on Tuesday ahead of its March-quarter earnings scheduled later in the day. Along with the earnings, Wipro will also be considering a buyback today. So that will be important. Wipro has been reporting strong numbers for the last two quarters. In the December quarter, it had a growth of 2.4%, in the quarter prior to that, in the September quarter, it had a growth of 2.8%.

Read More at CNBC TV18
Clues by NC Team • 15 Apr 2019, Monday

Global brokerage firms such as Nomura upgraded their rating for TCS to BUY. Morgan Stanley, Credit Suisse and Nomura also raised their 12-month target price for India's largest software services exporter by revenue. TCS reported the strongest revenue growth in the last 15 quarters in Q4FY19. Vineeta Sharma, Head of Research at Narnolia Financial Advisors in a note said that TCS has over the years outperformed Infosys for two basic reasons—higher sales growth and higher margins. TCS continues to command a higher margin though sales growth has become comparable.

Read More at Moneycontrol
Clues by NC Team • 15 Apr 2019, Monday

Media firm Network18 Media and Investments on Monday reported a consolidated net loss of Rs 75.57 crore in the fourth quarter ended March 31, 2019. The company had reported a net loss of Rs 39.32 crore in the corresponding period a year ago. The company’s revenue from operation in the quarter under review stood at Rs 1,230.93 crore. It was Rs 824.89 crore in the last quarter of fiscal 2017-18. 

Read More at The Economic Times
Clues by NC Team • 14 Apr 2019, Sunday

The market next week will be largely driven by the fourth quarter earnings reports, while macroeconomic data, political pulse and global sentiments are also expected to play their part. The market will be closed on Wednesday on account of Mahavir Jayanti and on Friday for Good Friday next week. Wipro, Reliance Industries and HDFC Bank are among the companies that will announce their fourth quarter earnings on Tuesday, Thursday and Saturday, respectively. The second phase of voting is due on Thursday.

Read More at The Economic Times
Clues by NC Team • 12 Apr 2019, Friday

TCS reported net sales for the fourth quarter at Rs 38,010.00 crore in March 2019, up 18.5% from Rs. 32,075.00 crore in March 2018. Profit after tax for the quarter grew 17.34% year-on-year to Rs 8,126.00 crore in March 2019 from Rs. 6,925.00 crore in March 2018. EBITDA was at Rs 11,267.00 crore in March 2019, up 16.8% from Rs. 9,646.00 crore in March 2018. TCS EPS decreased to Rs 21.65 in March 2019 from Rs 36.07 in March 2018. The company's board also recommended a dividend of Rs 18 per share.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Infosys reported a 19.11% year-on-year jump in net sales for the fourth-quarter at Rs 21,539 crore as against Rs 18,083.00 crore in March 2018. Net Profit for the quarter stood at Rs 4,074.00 crore in March 2019, up 10.41% from Rs 3,690.00 crore in March 2018. However, Infosys EPS has decreased to Rs. 9.37 in March 2019 from Rs. 16.98 in March 2018. EBITDA was at Rs. 5,814.00 crore in March 2019 up 6.41% from Rs. 5,464.00 crore in March 2018.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Pharma sector. The brokerage house expects Cadila Healthcare to report net profit at Rs. 419.9 crore down 28.9% year-on-year (down 17.8% quarter-on-quarter). Net Sales are expected to decrease by 3.6 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 3,134.8 crore.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Pharma sector. The brokerage house expects Cipla to report net profit at Rs. 283.1 crores up 58.5% year-on-year (down 14.8% quarter-on-quarter). Net Sales are expected to increase by 9.5% Y-o-Y (down 2% Q-o-Q) to Rs. 3,829.1 crore.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Pharma sector. The brokerage house expects Glenmark Pharmaceuticals to report net profit at Rs. 196.4 crore up 30% year-on-year (up 68.8% quarter-on-quarter). Net Sales are expected to increase by 10.8% Y-o-Y (down 0.8% Q-o-Q) to Rs. 2,490.2 crore

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Pharma sector. The brokerage house expects Jubilant Life Sciences to report net profit at Rs. 211.2 crore up 36.3% year-on-year (down 19% quarter-on-quarter). Net Sales are expected to increase by 3.8% Y-o-Y (down 1.7% Q-o-Q) to Rs. 2,336.5 crore.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Pharma sector. The brokerage house expects Sun Pharma to report net profit at Rs. 837 crore down 36.1% year-on-year (down 32.6% quarter-on-quarter). Net Sales are expected to increase by 8.1 Y-o-Y (down 5.3% Q-o-Q) to Rs. 7,252.9 crore.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 19) earnings estimates for the Pharma sector. The brokerage house expects Lupin to report net profit at Rs. 253.2 crore down 62.8% year-on-year (up 32.9% quarter-on-quarter). Net Sales are expected to increase by 2.1% Y-o-Y (down 7.2% Q-o-Q) to Rs. 4,061 crore.

Read More at Moneycontrol
Clues by NC Team • 12 Apr 2019, Friday

Companies scheduled to announce their fourth-quarter earnings today include TCS, Infosys, Alpha Hi-Tech Fuel, Ashika Credit Capital, Gangotri Textiles, GTPL Hathway, Integrated Capital Services, Infomedia Press, Minal Industries, Mold-Tek Technologies, Tinplate Company of India.

Read More at Moneycontrol
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