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fiscal

Dairy industry to witness 13-14% revenue growth this fiscal: Report

Dairy industry to witness 13-14% revenue growth this fiscal: Report

Wed, Jul 31, 2024

While demand will be supported by rising consumption of value added products (VAP), ample milk supply will be driven by good monsoon prospects, Crisil Ratings said in a report.

Railways to build 10,000 non-AC coaches over next two fiscal years

Railways to build 10,000 non-AC coaches over next two fiscal years

Tue, Jul 09, 2024

Giving a detailed breakup for the financial year 2024-25, the statement said that 2,605 general coaches, 1,470 non-AC sleeper coaches and 323 sitting-cum-luggage rake (SLR) coaches will be manufactured along with 32 high-capacity parcel vans and 55 pantry cars.

Newgen Software Q2 results: Profit surges 59% to Rs 48 crore in this quarter

Newgen Software Q2 results: Profit surges 59% to Rs 48 crore in this quarter

Tue, Oct 17, 2023

Newgen Software Q2 results: Newgen had reported a net profit of about Rs 30 crore in the year-ago period, the company said in a regulatory filing on Tuesday.

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Footwear industry to record 11% revenue growth this fiscal: Report

Footwear industry to record 11% revenue growth this fiscal: Report

Tue, Aug 22, 2023

Softening input cost will boost operating margin by about 125 basis points to 9 per cent, which will still be below the pre-pandemic levels of 10 per cent, the report said.

Government to set up 16th Finance Commission in 2023 to suggest Centre-state tax devolution beginning FY27

Government to set up 16th Finance Commission in 2023 to suggest Centre-state tax devolution beginning FY27

Sun, Apr 09, 2023

The central government accepted the report of the commission, and accordingly, the states are being given 42 per cent of the divisible tax pool of the Centre during the period 2021-22 to 2025-26.

Finolex Cables expects Rs 11,000 crore revenue by 2028

Finolex Cables expects Rs 11,000 crore revenue by 2028

Tue, Mar 21, 2023

Finolex Cables is the largest manufacturer of electrical and communication cables and pioneered the segment among domestic manufacturers, and its wire and cable products are used in applications such as automobiles, lighting, cable TV, telephones, and computers to industrial applications.

Power consumption in April-February of 2022-23 crosses last fiscal's usage limit

Power consumption in April-February of 2022-23 crosses last fiscal's usage limit

Sun, Mar 19, 2023

India`s power consumption during the current fiscal (till February 2023) has already crossed the levels of supply for the entire 2021-22. According to power ministry data, power consumption rose by 10 per cent to 1,375.57 billion units (BU) during April-February period of 2022-23.

Meteoric rise: India's imports from Russia jumped about five times during this period

Meteoric rise: India's imports from Russia jumped about five times during this period

Wed, Mar 15, 2023

The commerce ministry says that a sharp spike in imports from Russia is due to increased inbound shipments of crude oil

Power prices expected to remain firm next fiscal amid higher demand: Crisil

Power prices expected to remain firm next fiscal amid higher demand: Crisil

Thu, Mar 02, 2023

The fears of a heat wave has seen the short-term power prices soaring by a full 151 per cent. This was on the back of a 42 per cent on-year spike in prices in February, Crisil said in a report.

Sector Outlook: FMCG companies staring at muted revenue growth this and next fiscals amid inflation, sluggish rural demand - report

Sector Outlook: FMCG companies staring at muted revenue growth this and next fiscals amid inflation, sluggish rural demand - report

Mon, Dec 12, 2022

Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.

Tax collections up by 24% in current fiscal year-on-year

Tax collections up by 24% in current fiscal year-on-year

Mon, Dec 12, 2022

Refunds amounting to Rs 2.15 lakh crore were issued between April 1 - November 30.

Eupheus Learning aims to double revenue to Rs 300 crore by March, hire 150 people by November

Eupheus Learning aims to double revenue to Rs 300 crore by March, hire 150 people by November

Sun, Oct 16, 2022

Eupheus Learning provides curriculum in digital format along with supplemental modules. In September 2021, the company had acquired ClassKlap which provides school-based personalised curriculum programmes.

Finance Minister Sitharaman says Indian economy will stay on course despite global headwinds

Finance Minister Sitharaman says Indian economy will stay on course despite global headwinds

Sat, Oct 15, 2022

The government has ensured the availability of free food grains to more than 800 million vulnerable families for the past 25 months, through the country's massive public distribution network, FM Sitharaman said.

Automobile dealers to clock their fastest revenue growth in three fiscals: Report

Automobile dealers to clock their fastest revenue growth in three fiscals: Report

Thu, Sep 29, 2022

According to the report, higher vehicle sales and greater contribution of the more-profitable ancillary revenue to 10-12 per cent of total income in the current fiscal from 8-9 per cent last fiscal will help stabilise operating margin at 3-5 per cent as compared to 4 per cent in fiscal 2022.

National Highway construction slows to 20.43 km per day in first 4 months of current fiscal

National Highway construction slows to 20.43 km per day in first 4 months of current fiscal

Fri, Aug 12, 2022

"The ministry has constructed 2,493 km of National Highways up to July in 2022-23, as compared to 2,927 km constructed up to July 2021-22," the Ministry of Road Transport and Highways (MoRTH) said in its monthly summary for the Cabinet for July 2022.

IRB Infra Q1 Results: Net profit sees multi-fold jump to Rs 363 crore

IRB Infra Q1 Results: Net profit sees multi-fold jump to Rs 363 crore

Sat, Aug 06, 2022

The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. Total consolidated income during the quarter under review rose to Rs 1,995.40 crore as against Rs 1,670.48 crore in the year-ago period.

Big jump in Apple's India revenue in June quarter, Tim Cook reacts

Big jump in Apple's India revenue in June quarter, Tim Cook reacts

Fri, Jul 29, 2022

Apple CEO Tim Cook, during an earnings call, said the 83 billion dollar revenue was "better than we expected despite supply constraints, strong foreign exchange headwinds and the impact of our business in Russia".

ICICI Securities Q1 result: Net income falls 12% to Rs 273 crore; adds 4.4 lakh new clients

ICICI Securities Q1 result: Net income falls 12% to Rs 273 crore; adds 4.4 lakh new clients

Fri, Jul 22, 2022

The company disbursed Rs 619 crore worth of loans (margin funding) during the latest June quarter as against Rs 318 crore in the same period a year ago.

Gold jewellery demand likely to fall this fiscal gold rates

Gold jewellery demand likely to fall this fiscal gold rates

Wed, Jul 20, 2022

Though higher gold prices will compensate for the volume loss and ensure the industry's revenue remains flat compared to last year, operating margins would be impacted

Economy likely to grow 12-13% in Q1, annual GDP projection at 7.2, says Icra

Economy likely to grow 12-13% in Q1, annual GDP projection at 7.2, says Icra

Tue, May 17, 2022

The credit rating agency has cited the second-highest business activity index reading in 13 months in April as a trigger for this.

Axis Bank Q4 Results: Check consolidated net profit and other key earning details

Axis Bank Q4 Results: Check consolidated net profit and other key earning details

Thu, Apr 28, 2022

Axis Bank on Thursday reported a 54 percent increase in its standalone net profit for the quarter ended March 2022, at Rs 4,117.77 crore, as per PTI report.

Bank of Maharashtra Q4 Results: Check consolidated net profit and other key earning details

Bank of Maharashtra Q4 Results: Check consolidated net profit and other key earning details

Thu, Apr 28, 2022

Bank of Maharashtra recorded a more than two-fold improvement in its consolidated net profit for the quarter ended March, to Rs 355 crore, supported by a decrease in bad loan proportions, which necessitated less provisioning.

SBI Life Results: March quarter net rises 26% to Rs 672 crore

SBI Life Results: March quarter net rises 26% to Rs 672 crore

Thu, Apr 28, 2022

SBI Life Insurance (SBI Life) on Thursday reported a 26.3 percent rise in its net profit at Rs 672 crore for quarter ended March 2022.

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