Earnings before interest, tax, depreciation and amortisation increased by 54.2 per cent to Rs 325.66 crore from Rs 211.24 crore
The company had posted a net profit of Rs 60.7 crore during the corresponding quarter of 2018-19
Combined net profit of Nifty50 companies expected to fall 3.4%
The Nifty 50 reported an EPS of Rs 115 in the June quarter, valuing the market at around 25-26 times P/E on a rolling basis.
Here's what brokerages and investors expect from the September-quarter results season that kicks off Thursday with Asia's top software exporter TCS
The results of 498 firms indicate mild demand recovery
The quarterly results of companies, including bluechips SBI, Tata Motors and Coal India, will decide the course of the stock market this week, according to experts. "Sentiment continues to be positive. However, rising crude prices remains to be a concern for the Indian markets," said Anita Gandhi, Whole Time Director, Arihant Capital Markets. Among major companies scheduled to release their earnings this week are: SBI, Tata Motors, BHEL, Cipla, CIL and NHPC. "In the near term, market will continue to gauge on the ongoing Q2 results," said Vinod Nair, Head of Research, Geojit Financial Services. "The results season is in the middle of completion. Mixed numbers have come out. No clear trend is emerging to state forcefully that all is well with the economy. Some pockets are impacted but some are still unclear what would be the impact of GST/demonetisation," said Jimeet Modi, Founder & CEO, SAMCO Securities. Foreign investors, a major driver for the Indian equity ...