Financial Insights

  • Dabur reports 22% decline in profits

    Indian FMCG giant, Ayurveda major Dabur India reported a 22% YoY fall in net profits for the period ended in March 2022. It’s profits contracted from Rs 377.29 crores as at last year to Rs 294.34 crores this quarter. Parent to major brands like Real, Dabur Pudin Hara, Dabur Chyawanprash…

  • Uber smashes all estimates as revenues surge

    Uber Technologies Inc. reported record growth in revenues and bookings in its first quarter results as the economy shows signs of recovery from the pandemic induced disruptions. The revenues beat estimated figures to reach $6.9 billion as revenues grew 136% YoY as gross bookings surged 35% YoY to $26.4 billion.…

  • Kotak Mahindra Bank reports a 65% surge in profits

    Kotak Mahindra Bank on Wednesday reported a 65% YoY jump in profits on Wednesday. It’s profit for the quarter was Rs 2,767.40 crores against Rs 1,682.37 crores for the corresponding quarter last year. The bank’s total income for the quarter surged 11.8% from Rs 7,953.12 crores last year to Rs…

  • Delhivery cuts IPO size by 30%

    Logistics firm Delhivery announced a 30% reduction in its IPO size on Tuesday, bringing the issue down from its initial size of Rs 7,640 crores to Rs 5,000 crores. ProCapitas had reported on 16th January, 2022, that Delhivery was the first new-age tech company that received the approval of market…

  • HDFC reports 16% jump in net profits

    Private lender HDFC reported a 16% YoY growth in profits from Rs 3,179.83 crore to Rs 3,700.32 crores for the quarter ended in March 2022. The Net Interest Income of the lender grew 14% from Rs 4,027 crore to Rs 4,601 crores. It’s revenues for the quarter were Rs 12,308.46…

  • Profits tank 26%: Adani Wilmar Q4 results

    Adani Group’s FMCG company, Adani Wilmar, has posted a 26% YoY decline in its profits. The profits for this quarter stood at Rs 234.3 crores against Rs 315 crores last year. The company reported a growth of 40.2% in revenues as the figure for the year was Rs 14,960.2 crores.…

  • Twitter Q1 results: Company manages to report profits

    Twitter announced its first quarter results yesterday, days after the deal with the world’s richest man Mr. Elon Musk. The company’s revenues reached $1.2 billion, growing 16% from last year. Advertising revenues alone accounted for $1.1 billion growing 23%. However, the company’s subscription and other revenues fell 31% YoY. The…

  • Ambuja Cements profits fall 26% in Q4

    Indian cement giant Ambuja Cements reported a 25.56% decline in profits on account of higher costs. Profit for this quarter was Rs 495 crores against Rs 665 crores last year. However, the company did manage to beat the estimated figure of Rs 404.8 crores. The company’s revenues grew 7.7% from…

  • Veranda Learning set to acquire T.I.M.E. for Rs 287 crores

    Edtech firm Veranda Learning Solutions Ltd. announced on Monday that it will be acquiring T.I.M.E. Institute for a consideration of Rs 287 crores. T.I.M.E. is a test-prep firm established in 1992 which operates in 98 cities throughout India. It holds a substantial market share for MBA exams like CAT, MAT…

  • Yes Bank commences insolvency proceedings against Zee Learn

    Yes Bank, on Monday, filed an application before the National Company Law Tribunal (NCLT) to commence insolvency proceedings against Zee Learn.  Zee Learn is a diversified premium education group which provides learning and education through multiple products. It has several famous products in its portfolio like the Mount Litera Zee…

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