(Reuters) – India’s JK Lakshmi Cement reported a 52% drop in third-quarter profit on Thursday, hurt by a drop in prices of the construction material. The company’s standalone net profit after tax fell to 596.4 million rupees ($6.8 million) in the quarter from 1.24 billion rupees a year ago. Revenue from operations fell 13.4% to …
India’s JK Lakshmi Cement’s third-quarter profit halves on weak prices Read More »
By Ananta Agarwal and Ashna Teresa Britto (Reuters) -Shares of Trent plunged 9% on Thursday after analysts raised concerns about the Indian apparel chain’s slowing revenue growth and ability to meet its annual store opening target. The company, home to brands such as Westside, Zudio and Utsa, has been one of India’s fastest-growing clothing chains. …
India’s Trent plummets as analysts fret over slowing growth Read More »
(Reuters) – India’s KRBL reported its sixth straight quarterly profit fall on Thursday as a rise in expenses more than offset the impact of strong sales of its rice products. KRBL, which makes the ‘India Gate’ brand of basmati rice, reported a 1% year-on-year fall in consolidated net profit to 1.33 billion rupees ($15.2 million) …
Indian rice seller KRBL’s quarterly profit drops on higher expenses Read More »
(Reuters) – Indian infrastructure firm NCC on Thursday reported a 12.5% drop in third-quarter profit, impacted by slow execution of orders. The company’s consolidated net profit fell to 1.93 billion rupees ($22.04 million) in the quarter ended Dec. 31 from 2.21 billion rupees a year ago. Revenue from operations rose 1.61% to 53.45 billion rupees, …
India’s NCC posts lower quarterly profit on slow execution of orders Read More »
(Reuters) – India’s largest multiplex chain PVR Inox on Thursday reported a three-fold increase in third-quarter profit, as a strong line-up of new films attracted movie-goers during the festive period. The company, formed by the merger of PVR and Inox labels, posted a consolidated net profit of 359 million rupees ($4.10 million) in the quarter …
India’s PVR Inox posts three-fold rise in quarterly profit on strong slate of films Read More »
By Bharath Rajeswaran (Reuters) -India’s benchmark indexes closed lower on Thursday, dragged down by rate-sensitive auto and consumer stocks as caution prevailed a day ahead of the Reserve Bank of India’s (RBI) rate decision. The Nifty 50 shed 0.39% to 23,603.35, while the BSE Sensex slipped 0.27% to 78,058.16. Both benchmarks began the day about …
Rate-sensitive sectors drag Indian equities lower day ahead of RBI policy Read More »
MUMBAI (Reuters) – India’s tea production in 2024 fell 7.8% from a year earlier to 1284.78 million kg, on lower output in the top-producing north-eastern state of Assam, the state-run Tea Board said in a statement. Production in Assam, which accounts for more than half the country’s output, fell to 649.84 million kg in 2024, …
India’s 2024 tea output drops 7.8%, lifts average prices Read More »
(Reuters) – Indian construction materials maker Prism Johnson reported a profit for the first time in five quarters on Thursday, helped by tax gains related to previous periods. The company reported a net profit of 481.2 million rupees ($5.5 million), during the October-December period, compared with a loss of 34.5 million rupees a year ago. …
India’s Prism Johnson posts profit after four straight quarterly losses on tax gains Read More »
(Reuters) – India’s top airline IndiGo said on Thursday it will damp lease a Boeing 787-9 Dreamliner widebody jet from Norse Atlantic Airways, with operations starting in March, as part of its efforts to tap into long-haul routes. In the damp lease agreement, Norse Atlantic will lease its plane, along with pilots, or flight crew, …
India’s IndiGo to damp lease Boeing 787 from Norse Atlantic Airways Read More »
(Reuters) – Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported a better-than-expected quarterly profit on Thursday, as its cheaper food items helped boost demand from budget-conscious consumers. The restaurant operator posted a profit of 119.8 million rupees ($1.37 million) for the quarter ended December 31, up from a profit …
KFC India operator Sapphire beats profit view as cheaper menu drives demand Read More »
