India’s GDP to grow at 6.4% in December quarter: ICRA
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
Steel Authority of India’s profit slumped 62 per cent year-on-year to Rs 126 crore in the December quarter. This was hit by lower prices of steel, even as higher sales volume boosted revenue from operations.
Its total revenue from operations grew by 8 per cent to Rs 3,932.38 crore during the quarter under review, company’s data showed.
The consolidated revenue from operations decreased to Rs 72.03 crore for the quarter under review from Rs 428.73 crore in the same period last fiscal, HCL Infosystems said in a regulatory filing.
An increase in consolidated profit also resulted in a rise in total consolidated income to Rs 4,274.79 during the quarter under review.
The 'Revenue from Operations' declined bay 50.6 per cent to Rs 4,910 crore for the quarter compared to the same period last year.
The company sold a total of 495,897 vehicles during the quarter, higher by 13.4 per cent compared to the same period previous year.
In value terms, the gross NPAs or bad loans were of the order of Rs 49,988.56 crore as against Rs 36,860.49 crore.
In the broader markets, the S&P BSE MidCap and SmallCap also traded lower by 0.14 and 0.50 per cent respectively.
HUL posted 20.26 per cent increase in its sales for the quarter under review at Rs 11,969 crore.
