27 January 2020

UltraTech Cement showed signs of a demand revival

[vc_row][vc_column][vc_column_text] The Cement Manufacturing Company reported a consolidated profit of Rs 711.3 crore for the third quarter FY20, reporting a year-on-year growth of ?90.2 percent, And a revenue of Rs 10,354 crore that fell 0.9 percent YoY. The company reported an earnings before interest, tax, depreciation and amortisation (EBITDA) of ?Rs 1,973 crore , an …

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ICICI Bank is showing healthy signs of earnings normalization

[vc_row][vc_column][vc_column_text] ICICI Bank posted a robust set of numbers in the quarter ended December 2019 with two-fold jump in profit in line with Street estimates. It reported a healthy 158.4 percent year-on-year (YoY) growth in Q3FY20 profit at Rs 4,146.46 crore from Rs 1,604.91 crore in the same period last year. The Bank?s NII during …

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