Cement maker Dalmia Bharat Ltd on Thursday reported a 23.68 per cent increase in consolidated net profit at Rs 188 crore for the first quarter ended June 2020, driven by price increase and cost optimisation. The company had posted a net profit of Rs 152 crore during April-June quarter in the previous fiscal, Dalmia Bharat said in a regulatory filing. … [Read more...] about Dalmia Bharat Q1 net profit up 23.7% to Rs 188 crore on price hike and cost optimisation
Earning zero economic profit
No doubt there is still no breakthrough in the coronavirus pandemic crisis but at the same time, we believe that the amount of liquidity being poured by central banks over past fortnight will help the economies to get going to a great extent. Valuations are no doubt very compelling in select pockets and we are advising a staggered buying approach to the investors. For existing portfolios, I would say now is not the time to liquidate in panic rather a systematic buying approach can turn out to be rewarding in long term. Word of caution remains in terms of averaging the poor businesses as it will lead to missing out on what looks like a life-time opportunity to acquire strong businesses at attractive values. … [Read more...] about ‘Earnings recovery can pick up steam from Q2 if world controls COVID-19 in Q1’
Due to this, central banks had been forced to keep low interest regime since March 2009. These low interest rate cycle create asset bubble in different asset class. Global stock market is the leading asset class of the world. So whenever Fed print money, it goes into stock market to make quick returns and later only some part of this money goes into actual economy for which it was meant for. … [Read more...] about Did market see US Fed’s liquidity-driven rally without any economic fundamentals post 2008?
"We expect market volatility and stock-specific action to continue for a while. Investors would watch out for quarterly results for stock-specific action and development over US fiscal stimulus which could provide some cheer to the markets," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said. … [Read more...] about RBI policy, macro data, company earnings to decide market course this week: Experts
Canara BankStandalone Quarterly Resultsin Rs. Cr.Jun'20Mar'20Jun'19Interest Earned(a) Int. /Disc. on Adv/Bills13,117.678,723.249,099.22(b) Income on Investment4,271.872,889.382,792.32(c) Int. on balances With RBI622.47393.17279.51(d) Others23.8041.6529.47Other Income2,650.102,174.951,861.87EXPENDITUREInterest Expended11,940.268,728.928,959.91Employees Cost3,037.422,175.201,559.81Other Expenses1,422.781,277.401,102.66Depreciation------Operating Profit before Provisions and contingencies4,285.452,040.872,440.01Provisions And Contingencies3,826.345,375.381,899.13Exceptional Items------P/L Before Tax459.11-3,334.51540.88Tax52.87-75.18211.81P/L After Tax from Ordinary Activities406.24-3,259.33329.07Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period406.24-3,259.33329.07Equity Share Capital1,453.501,030.23753.24Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------ANALYTICAL RATIOSa) % of Share by Govt.78.5578.5270.62b) Capital Adequacy … [Read more...] about Canara Bank Standalone June 2020 Net Interest Income (NII) at Rs 6,095.55 crore, up 88.1% Y-o-Y