JK Lakshmi Cement Reports Profit But Misses Estimate, Margins Expand
JK Lakshmi Cements Ltd. posted profit for the first quarter of financial year 2017, but missed street estimates.
Net profit for the April-June period stood at Rs 28.6 crore against a loss of Rs 23 crore in the corresponding quarter last year. The consensus of estimates tracked by Bloomberg stood at Rs 34.5 crore.
Revenue for the June ended quarter grew 31.5 percent to Rs 777.2 crore from Rs 591 crore in the same quarter the previous year.
Earnings before interest, taxes, depreciation and amortisation increased over 132 percent to Rs 117.5 crore from 51 crore year-on-year. The EBITDA margin expanded 650 basis points to 15.1 percent from 8.6 percent in the same quarter last year.
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The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
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Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
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Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
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Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
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Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
