Amara Raja reports ‘continued demand slowdown’

Amara Raja Batteries Ltd, India’s biggest manufacturer of lead acid batteries, reported a modest increase in revenue, and said it continued to face a demand slow down in its key markets of automobiles and telecom. “The automotive sector is facing challenges of demand uncertainty due to social, regulatory and technological changes,” said Vice Chairman and […]

Ramco Cements faces demand slowdown in Q3, profit slips

Ramco Cements, one of India’s biggest cement manufacturers, reported poor demand for cement during the three months ended December. The Chennai-based company, which gets most of its revenues from South India and Eastern India, reported a revenue growth of just 6% for the third quarter, compared to a growth of 12.6% for the first half […]

TRAI tariff order, slowdown maul Zee Entertainment’s results

Zee Entertainment, the second-biggest broadcasting company in India, continued to bleed under the combined impact of a slowing economy and the company’s decision to increase channel prices under the new TRAI tariff order. While the slowdown in the economy has resulted in companies cutting down on advertising, this has been exacerbated by Zee’s decision to […]

Havells India hit by slowdown, sales down 10%

Havells India, one of the country’s top cable makers, reported a 10% fall in its revenue, blaming an overall slowdown in economic activities in the country. The company, however, managed to maintain margins through cost cuts. “The deterioration in economic macros, sectoral liquidity challenges and slowdown in infrastructure segment has disproportionately impacted demand for industrial […]

What slowdown? Polycab sales continue to zoom

Polycab, one of India’s biggest makers of electrical wires, reported an exceptionally strong set of results for the October-December period, despite widespread reports of a slowdown in the economy, including the construction sector. Polycab India Ltd reported revenue of Rs 2,507 cr from its operations, up from 2,242 cr in the preceding three months and […]

Reliance Jio users cut down on data, voice usage after price hike

Users of Reliance Jio’s 4G service have started cutting down on their data and voice usage the company implemented price increases in December, thus limiting the benefits of the price hike from fully flowing through to the company. The average data consumed by a Reliance Jio user fell to 11.1 GB per month during October-December […]

TRAI Tariff Order helps lift Hathway into profit

Hathway Datacom, one of India’s top cable feed providers (MSOs) finally posted a profit after remaining saddled with losses for several years. The company was able to post a profit due to various factors, including a sharp fall in pay channel costs thanks to TRAI’s new tariff order and a reduction in its cable TV […]

TV18 ad revenue continues to fall, margins improve

TV18 Broadcast Ltd, one of India’s top three broadcasting companies, reported yet another quarter of declining advertising revenue, but the company’s profits zoomed due to cost cuts. Non-subscription revenue — which is mostly composed of advertising sales — fell by Rs 181 cr (16%) in October-December of 2019 compared to the same quarter of 2018. […]

Vodafone Idea says it can continue only if Govt provides relief

Vodafone Idea, one of the top three telecom players in the country, warned that it will be able to continue as ‘a going concern’ only if it is able to obtain relief from the government. Going concern refers to a company that has the ability to continue to operate and does not face the threat […]

Royal Enfield sales down 22% in July-September

Royal Enfield, the country’s most popular premium motorcycle brand, reported a 22% decline in its September quarter motorcycle sales, even as revenue for parent Eicher Motors fell 9%. Royal Enfield sold 1.63 lakh motorcycles during the three months, down from 2.10 lakh motorcycles sold over the same period in 2018, even as it invests heavily […]

Dabur feels ‘sustained slowdown’, ‘liquidity crunch’ in the market

Dabur India, the country’s largest maker of fast-moving consumer goods based on traditional recipes and systems, reported a sequential slowdown in sales for the September quarter due to tight financial conditions. On a year-on-year basis, the company was still able to report a 4% growth. The Domestic FMCG business reported an underlying volume growth of […]

Bharti Airtel 4G base crosses 10 cr, overtakes Jio in per-capita usage

Bharti Airtel, the former No.1 telecom operator in India, has started bouncing off the bottom as far as its operational numbers are concerned. The numbers for the second quarter (July to September 2019) showed that the company has definitely turned the corner, at least far as broader operating numbers and revenue are concerned. However, the […]

TV18 revenue falls sharply, TRAI free-to-pay conversion hurts

TV18 Broadcast, which operates channels like Colors and News18, has reported a dip of Rs 71 cr in its revenue after a shift from free to pay for some of its entertainment channels and a soft economy hurt advertising sales. “Macro-weakness and shift of channels from DD Freedish to Pay ecosystem continues to drag ad-revenues […]

SpiceJet swings to Q1 profit on reimbursement income, higher revenue

Despite the strain faced by the aviation sector in India, low-cost carrier SpiceJet reported net profit of Rs 261.7 crore and total income of Rs 3,145.3 crore for the quarter ending June 2019. Last year, it had a loss of  Rs 38.1 crore on revenue of Rs 2,253.3 crore for the corresponding quarter last year. Operating expenses […]

Bharti Airtel sees continued improvement, revenue up 2.3%, DTH ARPU down 33%

Bharti Airtel’s India numbers indicated that the company did indeed hit the bottom in the December quarter of last year, and continued to improve its numbers from then on. Airtel, which had seen its India revenue fall to Rs 14,768 cr in the December quarter, had improved it to Rs 15,241 cr in the quarter […]

Pain continues for Jagran Prakashan, PAT down 26%

Jagran Prakashan, which publishes India’s most widely distributed newspaper, the Hindi daily Dainik Jagran, today reported yet another quarter of continued pain as the media sector grapples with falling revenues and continuing encroachment by digital media. Despite expectations of a boost to revenue from general elections, the company actually reported a year-on-year decline. Advertising revenue […]

Tata Motors’ Q1 bleeds due to wider losses at JLR

Tata Motors, the biggest home-grown automaker, reported a loss of Rs 3,698 cr loss as UK subsidiary Jaguar Land Rover continued to bleed. The company had posted a loss of Rs 1,902 cr in the same quarter last year, and had reported a profit of Rs 1,117 cr in the preceding quarter (Jan-Mar). The biggest […]

Hindustan Media Ventures posts smart increase in profit

Hindustan Media Ventures Ltd, home to the Hindi language publications of HT Media Ltd, reported a sharp increase in its profit thanks to a substantial fall in its newsprint costs. The company’s net profit jumped to Rs 39.67 cr for the three months ended June, up from just Rs 13.20 cr in the same period […]

Godrej properties Q4 volumes up 153%, realizations down

Godrej Properties, the Mumbai-based real estate arm of the eponymous diversified group, reported its highest ever quarterly sales, but the numbers also indicated that the company was realizing less upfront revenue per square feet booked. The company sold 3.72 million square feet of developments during the three months from January to March 2019, a jump […]