â€˘ The recent recovery in industrial growth and in the real estate sector augurs well for Indian steel makers and the resultant rise in demand is already evident. India and China are two markets where steel units are operating at quite high levels of capacity utilization; 86% for China and 80% for India, compared with [...]
Posts Tagged ‘results’
Increasing competition and muted growth has made telecommunication a matured play and with the rural market being a low margin segment the rural growth story will not command higher valuations and with new services like 3G and Wimax being delayed due to regulatory hurdles the present outlook for the industry doesnâ€™t looks favorable and with Mobile Number Portability (MNP) due to come there would be a churn in subscriber base making it all the more difficult for the existing players
Reliance Industries Ltd. declared its second quarter results today. The results came in line with the Bloomberg consensus expectations. Relianceâ€™s standalone net profit fell by around 6% YoY, to Rs. 3,852 cr. from Rs. 4,116 cr. This was mainly on account of a lower gross refinery margins (GRMs)
Indiaâ€™s largest manufacturer of motorcycles, Hero Honda Motors second quarter results were ahead of the marketâ€™s expectation mainly on account of better margins.