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1 month ago | 
gurutrade.com | Meenakshi Maidas |Siddhi Nayak |Varun H K
March 10 (Reuters) - Shares of IndusInd Bank fell nearly 6% on Monday to their lowest level since July 2022, after the country's central bank approved a shorter extension to its CEO's tenure, raising concerns around leadership transition and business uncertainty.
The stock was down 3.3% at 905.85 rupees as of 11:01 a.m. IST, the biggest percentage loser on the blue-chip Nifty 50 index, which rose 0.3%.
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Nov 14, 2024 | 
gurutrade.com | Meenakshi Maidas |Sumana Nandy |Rashmi Aich
Nov 14 (Reuters) - India's Hindustan Aeronautics Ltd (HAL) reported a 22.1% rise in second-quarter profit on Thursday, aided by demand for its aircraft from the country's defence ministry.
The state-owned fighter jet manufacturer and maintenance firm's consolidated net profit rose to 15.1 billion rupees ($178.89 million) in the three months ended Sept. 30, from 12.37 billion rupees a year earlier.
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Nov 13, 2024 | 
gurutrade.com | Meenakshi Maidas |Savio D'Souza |Mrigank Dhaniwala
Nov 13 (Reuters) - India's Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected quarterly profit on Wednesday, helped by increased sales of its higher-capacity models such as the 'Himalayan'.
The company said its net profit rose 8.3% year-on-year to 11 billion rupees ($130.40 million) in the three months to Sept. 30.
That beat analysts' average estimate of 10.66 billion rupees, as per data compiled by LSEG.
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Nov 12, 2024 | 
gurutrade.com | Meenakshi Maidas |Sumana Nandy |Savio D'Souza
Nov 12 (Reuters) - Indian auto parts maker Samvardhana Motherson International reported a smaller-than-expected increase in second-quarter profit on Tuesday, hurt by slower demand.
The company, which supplies Maruti Suzuki, Mercedes Benz, Audi and other automakers, said consolidated net profit rose over four-fold to 8.8 billion rupees ($104.27 million) for the three months ended Sept. 30.
However, that missed analysts' average estimate of 9.15 billion rupees, according to data compiled by LSEG.
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Nov 11, 2024 | 
gurutrade.com | Meenakshi Maidas |Mrigank Dhaniwala
Nov 11 (Reuters) - India's BEML reported a 1.5% fall in its second-quarter profit on Monday, hurt by lower demand for its heavy machinery and equipment as manufacturing activity dipped.
The state-owned company makes machinery and products for industries like aerospace, mining, rail and metro and has clients such as Rail Vikas Nigam, Adani Power and Chennai Metro Rail.
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Nov 8, 2024 | 
sg.finance.yahoo.com | Meenakshi Maidas |Nandan Mandayam
By Meenakshi Maidas and Nandan Mandayam (Reuters) -Ola Electric, India's top e-scooter maker by market share, reported a narrower second-quarter loss on Friday helped by a jump in sales, and said the recent surge in service requests was largely for "minor issues." The Bengaluru-based company said its consolidated loss narrowed to 4.95 billion rupees ($58.7 million) in the July-September quarter from 5.24 billion rupees a year earlier.
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Nov 1, 2024 | 
gurutrade.com | Meenakshi Maidas |Nandan Mandayam |Janane Venkatraman
Nov 1 (Reuters) - Some top Indian carmakers reported a surge in sports utility vehicle sales to dealers in the festive month of October, company data showed on Friday, while the small-car segment stayed sluggish, highlighting customers' increasing preference for larger, premium cars.
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Oct 23, 2024 | 
gurutrade.com | Meenakshi Maidas |Eileen Soreng
Oct 23 (Reuters) - Indian two-wheeler maker TVS Motor Company reported a lower-than-expected quarterly profit on Wednesday hurt by higher costs, even as demand was stable.
'Jupiter' scooter maker's profit rose 23.5% to 6.63 billion rupees ($78.86 million) in the quarter ended Sept. 30, which missed analysts' estimate of 6.97 billion rupees, per data compiled by LSEG.
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Aug 6, 2024 | 
gurutrade.com | Meenakshi Maidas |Janane Venkatraman
BENGALURU, Aug 6 (Reuters) - Indian two-wheeler maker TVS Motor Company reported a better-than-expected first-quarter profit on Tuesday, led by firm demand for its two-wheelers and strong margins.
The company, which makes the Jupiter brand of scooters and the Apache line of motorcycles, said its profit rose 23.5% to 5.77 billion rupees ($68.77 million) in the quarter ended June 30 from a year earlier.
Analysts had expected 5.68 billion rupees, according to LSEG data.
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Jul 26, 2024 | 
reuters.com | Nandan Mandayam |Meenakshi Maidas
An IndiGo airlines passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International airport in Mumbai, India, May 29, 2023. REUTERS/Francis Mascarenhas/File Photo BENGALURU, July 26 (Reuters) - IndiGo (INGL.NS), opens new tab said it expects the number of aircraft grounded due to Pratt & Whitney engine issues to decrease by early next year, with the Indian airline also reporting its first quarterly profit fall in nearly two years.
