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| CAPITALSTARS INVESTMENT ADVISER |
India Inc performance: Hits and misses of June quarter earnings.
Dr Reddy's Labs, ICICI Bank, State Bank of India and HDFC reported profit while on the other hand, Bharti Airtel disappointed the Street.
Quite a number of companies have declared their numbers for the June quarter, which include top names that have either surprised or disappointed the Street.
Dr Reddy's Labs, ICICI Bank, State Bank of India and HDFC reported profit while on the other hand, Bharti Airtel disappointed the Street.
The June quarter is likely to mimic the March quarter with financials leading the growth, while consumer discretionary, consumer staples, industrials, material, and real estate could well post declining trend sequentially in the top-line growth.
Here's a sneak peak into the top companies which have declared June quarter numbers
- Bharti Airtel: Profit turns to loss.
- Dr Reddy's Labs: Net profit up 45 percent YoY.
- ICICI Bank: Profit backed by lower provisioning, healthy NII growth.
- State Bank of India: Standalone profit of Rs 2,312.20 crore.
- HDFC: 46 percent jump in profit at Rs 3,203.10 crore.
- Axis Bank: Sharp rise in profit.
- Hero MotoCorp: Brokerages mixed after jump in profit.
- Tech Mahindra: Profit dips 15.3 percent.
- Ashok Leyland: Nomura stays neutral despite PAT of Rs 274.96 crore.
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