Private sector lender IndusInd Bank believes it is entering FY27 on a stronger footing, with improving asset quality, a healthier deposit franchise and no immediate requirement to raise fresh capital, Chief Executive Officer Rajiv Anand said during the bank’s post-earnings conference call on Wednesday. Anand said the bank had resumed growth in its wholesale loan…
Warren Buffett and Charlie Munger As Q1 earnings dominate investor focus, Warren Buffett and Charlie Munger’s criticism of EBITDA is back in the spotlight. Buffett called it a tool to mislead investors, while Munger famously dubbed it ‘bullshit earnings’, arguing that ignoring depreciation and other real costs distorts a company’s true financial health. Munger’s Blunt…
Maharatna central public sector enterprise Hindustan Petroleum Corporation Ltd. (HPCL) on Wednesday (July 22) reported a net loss of ₹11,526.4 crore for the June quarter, compared with a net profit of ₹4,901.5 crore in the preceding quarter, as weak marketing margins weighed on profitability. The company added that the performance reflected the impact of the…
Muruguppa Group-backed agrochemical firm NACL Industries Ltd reported a 59.8% year-on-year rise in consolidated net profit after tax to ₹20.84 crore for the quarter ended June 30, 2026, compared with ₹13.04 crore in the corresponding period last year. Revenue from operations, however, declined 14.5% to ₹383.33 crore from ₹448.36 crore a year earlier. Earnings Before…
US stock futures traded lower on Wednesday, July 22, as rising oil prices, fresh tariff announcements and a busy earnings calendar weighed on investor sentiment ahead of the market open. Futures tied to the Dow Jones Industrial Average slipped about 0.1%, while S&P 500 futures fell 0.3%. Nasdaq-100 futures led the declines, dropping around 0.7%,…
Auto component maker Sona BLW Precision Forgings Ltd, also known as Sona Comstar, on Wednesday (July 22) announced a partnership with DENSO Corporation, Japan, to establish two joint ventures for developing, designing, manufacturing and marketing advanced electric and hybrid powertrain systems across multiple vehicle segments. The definitive agreements between the two companies were signed with…
Hindustan Petroleum Corporation Ltd (HPCL) reported a sharp decline in its standalone financial performance for the first quarter of the financial year. State-owned oil market company posted a net loss of Rs 11,526 crore for the quarter ended June 30, 2026, compared with a profit of Rs 4,371 crore in the corresponding quarter last year….
Dr Reddy’s Laboratories Ltd today reported its earnings for the first quarter of the financial year 2026-27. The pharmaceutical major posted a 68.7 per cent year-on-year (YoY) decline in consolidated profit after tax (PAT) to Rs 443.5 crore for the quarter ended June 2026, compared with Rs 1,417 crore reported in the corresponding quarter of…
Leading non-bank lender IIFL Finance Ltd on Wednesday (July 22) reported a 189.3% year-on-year rise in consolidated net profit to ₹675.1 crore for the first quarter, compared with ₹233.4 crore in the corresponding period last year. Net interest income (NII) increased 54.8% to ₹2,003.9 crore from ₹1,294.7 crore a year earlier, while provisions declined to…
Private sector lender IndusInd Bank Ltd on Wednesday (July 22) reported a 46.5% year-on-year increase in net profit for the first quarter. The bank posted a net profit of ₹1,002.5 crore, compared with the CNBC-TV18 poll estimate of ₹725 crore. The lender had reported a net profit of ₹684 crore in the corresponding quarter last…
