Q3 profit

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Avenue Supermarts Ltd , which owns and operates the retail chain D-Mart, on May 14 reported a 22 percent decline in its sequentially consolidated net profit to Rs 427 crore for the fourth quarter ended March 2022. However, the company posted a 3 percent rise in net profit on year. Revenue fell 5 percent quarter-on-quarter to Rs 8,787 crore from Rs 9,218 crore. Year on year, revenue rose 19 percent. "January 2022 started extremely well but then the Omicron wave of Covid‐19 reduced the momentum over the middle of the month. These waves typically hurt the high margin and discretionary items more. As is the trend of the past, recovery does take 40‐50 days after restrictions are removed or anxiety of a Covid wave recedes. Omicron was a milder wave and hence had a significantly lower negative … [Read more...] about Avenue Supermarts reports 22% sequential fall in Q4 net profit, up 3% on year

- A + A KANGAR (May 14): The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) will not hesitate to take action such as revoking the retail business licences of individuals who sell or lease their business licences, especially in border towns. The irresponsible actions of some locals who sell or "rent" their business licences to foreigners are not only harmful to the country but also deprive others of a living just for the sake of easy profits. KPDNHEP secretary-general (sec-gen) Azman Mohd Yusof said his team takes a serious view of the matter after it was raised by local traders in the border towns in Kelantan, Kedah and Perlis following an influx of foreign traders after the recent reopening of the Malaysia-Thailand border. "For local traders who sell or rent their business licences to foreigners, their operating licences can be revoked by local authorities," he said when contacted by Bernama recently. Azman said the government only allows foreigners … [Read more...] about Do not sell or lease retail business licence for quick profits, warns ministry sec-gen

- A + A DUBAI (May 15): State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter (1Q) net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc as the world's most valuable company, reported a net income of US$39.5 billion for the quarter to March 31 from US$21.7 billion a year earlier. The world's top oil exporter was forecast to post a net income of US$38.5 billion, according to a median estimate from 12 analysts provided by the company. Aramco, which listed in 2019 with the sale of a 1.7% stake mainly to the Saudi public and regional institutions, said its earnings were the highest in any quarter since it went public, boosted by crude prices, volumes sold, and improved downstream margins. Earnings by global energy companies such as BP and Shell have risen to their highest in at least a decade on the back of rising commodities prices, even as many of them incur … [Read more...] about Saudi Aramco 1Q net profit soars 82% on high oil prices

Share to Twitter Share to Linkedin The holiday shopping season is a critical time for most retailers. In fact, Black Friday, the day after Thanksgiving that is generally regarded as the first day of the holiday shopping season, got its name because it traditionally begins the period when stores go from being “in the red” and “into the black” (profitability). Just how important is the holiday season to retailers? Although it varies by industry, some retailers are more dependent on fourth quarter sales than others. For instance, toy stores and jewelers stores typically generate more than one-third of their annual sales (35%) during the fourth quarter of the year, according to U.S. Census Bureau data. Other retailers whose success hinges on a profitable fourth quarter include department stores, electronics stores, and clothing stores. While Christmas shopping seems like a long way off, small businesses must prepare for it now. Holiday season marketing takes … [Read more...] about Tips For Small Businesses To Finance Their Holiday Marketing And Inventory Now

(CNN) Drug overdoses in the United States were deadlier than ever in 2021, according to provisional data from the US Centers for Disease Control and Prevention. Nearly 108,000 people died of drug overdoses in 2021, and about two-thirds of those deaths involved fentanyl or another synthetic opioid. Overdose deaths have been on the rise for years in the US, but surged amid the Covid-19 pandemic: Annual deaths were nearly 50% higher in 2021 than in 2019, CDC data shows. The spike in overdose deaths in the second year of the pandemic wasn't as quite as dramatic as in the first year: Overdose deaths were up about 15% between 2020 and 2021, compared with a 30% jump between 2019 and 2020. But the change is still stark. In 2021, about 14,000 more people died of overdose deaths in than in 2020, the CDC data shows. States prepare for summer launch of new 988 suicide prevention number Read More "This is indeed a continuation … [Read more...] about In 2021, US drug overdose deaths hit highest level on record, CDC data shows

When you gain an understanding of the cost to keep your company up and running on a deeper level, you’ll be able to plan ahead for unexpected events that come your way and keep a better eye on the cash flowing in and out of your business. advertisement advertisement If you create a clear financial target every quarter—year after year—remain transparent, and provide financial updates to your team and clients, you’ll be on a path to success in no time. Below, leaders from Fast Company Executive Board offer their best practices to manage your company’s money properly and make sure that your financial partnership is solid and has your best interests at heart. 1. LEARN THE LANGUAGE OF YOUR FINANCIAL PARTNER. advertisement The best way to keep an eye on the cash flow and your financial partner’s intent is to work through the jargon and work with them to understand the details. Start learning this from day one. Establish that faith in your … [Read more...] about 8 Ways to build financial trust and transparency in business

advertisement advertisement Kristine sat in a reclining chair, cocooned in an eyeshade and headphones, with a weighted blanket covering her lap. Incense burned in the background. She felt a pinch in her arm. “Okay,” the nurse said. “Have a nice trip!” Kristine peeled back her eye mask. “How long does it take to kick in?” she asked. “About 45 to 60 seconds,” the nurse said. advertisement advertisement “Okay, then. I’ll see you later,” Kristine said, bringing the mask back down and letting the ketamine take effect. Kristine’s 45-minute-long ketamine trip, which took place last May at a clinic in New York City, is part of a new approach to mental health care, one that employs once-verboten psychedelic drugs. For decades, a privileged few researchers have been charting the success of drugs like MDMA (known in clubs as Molly or ecstasy), LSD (acid), psilocybin (“magic mushrooms”), and ketamine (“Special K”) in treating depression, … [Read more...] about Psychedelic companies are betting big on ketamine as the next Prozac

Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India’s telecom companies are likely to report a strong performance in the three months ended March, the first full quarter after tariffs were increased in November-December. Bharti Airtel , Vodafone Idea , and Jio Platforms, a subsidiary of Reliance Industries , are expected to report 7-9 percent growth in their average revenue per user (ARPU) on a sequential basis, according to analysts polled by Moneycontrol. Bharti Airtel reported an ARPU of Rs 163 per month in the quarter ended December, while Jio’s ARPU was Rs 151.6 and Vodafone’s was Rs 115. With the full benefits of the tariff hike, JP Morgan India expects the three telecom companies to report 5-7 percent sequential growth in revenue. “We expect 4QFY22 to be a strong quarter for telecom … [Read more...] about Telecom Q4 Preview | Average user revenue to soar, subscriber addition to suffer

Google's Sapna Chadha, Aazol's Apurva Purohit, We-ACE CEO Anuranjita Kumar, and Twitter India's Kanika Mittal spoke about spearheading change in the industry. (Representational image: Brooke Lark via Unsplash) In an unfiltered conversation, women leaders in business, sales and marketing shared how they have been spearheading change in the industry and leading the way to craft powerful impact, drive businesses, and cultivate a truly inclusive environment/culture. These women have been leading the way by following their passions and teaching the world how to #OwnIt and #BreakTheBias. On the Twitter Spaces session panel, we had: Sapna Chadha, vice president marketing, India & South East Asia, Google; Apurva Purohit, author and co-founder, Aazol; Anuranjita Kumar, author, founder & CEO, We-ACE; and Kanika Mittal, lead, Large Client Solutions, Twitter India. The session was hosted and moderated by Storyboard18’s editor Delshad Irani. Read on to find out how these women #OwnIt … [Read more...] about Storyboard18 | Women in leadership: How to #OwnIt and #BreakTheBias

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Piccadilly Agro Industries are: Net Sales at Rs 166.70 crore in March 2022 up 8.89% from Rs. 153.08 crore in March 2021. Quarterly Net Profit at Rs. 7.20 crore in March 2022 up 504.99% from Rs. 1.19 crore in March 2021. EBITDA stands at Rs. 18.77 crore in March 2022 up 125.87% from Rs. 8.31 crore in March 2021. Piccadilly Agro EPS has increased to Rs. 0.76 in March 2022 from Rs. 0.13 in March 2021. Close Piccadilly Agro shares closed at 32.10 on May 11, 2022 (BSE) and has given 3.72% returns over the last 6 months and 104.59% over the last 12 months. Piccadilly Agro Industries Standalone Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations … [Read more...] about Piccadilly Agro Standalone March 2022 Net Sales at Rs 166.70 crore, up 8.89% Y-o-Y