Search For "current financial year"
Weak outlook for property developers to affect cement and steel demand: Fi
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): Fitch Ratings said on Wednesday it expects weak property demand and a sluggish construction cycle to cause India's cement consumption to drop by more than 15 per cent in the current financial year as more than 65 per cent of domestic cement demand
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PVR Q1 loss at Rs 226 cr as revenue nil from core movie exhibition busines
Updated : 5 years, 10 months ago IST
New Delhi [India], September 15 (ANI): Multiplex operator PVR Cinemas suffered a consolidated loss after tax of Rs 226 crore in the first quarter (April to June) of the current financial year as compared to a profit of Rs 18 crore during the corresponding period of last year.
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PC Jeweller clocks Q1 net loss at Rs 78 cr
Updated : 5 years, 10 months ago IST
New Delhi [India], September 14 (ANI): Publicly-listed PC Jeweller said on Monday it suffered a net loss of Rs 78 crore during the first quarter of the current financial year as sales dipped to the COVID-19 lockdown.
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Covid-19 disruptions exacerbate credit quality deterioration for India Inc
Updated : 5 years, 10 months ago IST
Singapore, Sep 11 (ANI): The aggregate earnings before interest, taxes, depreciation and amortisation (EBITDA) for 22 rated Indian non-financial companies will fall by 24 per cent in the current financial year, global rating agency Moody's said on Friday.
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Airlines profitability to be eroded due to lower revenues, high fixed cost
Updated : 5 years, 10 months ago IST
New Delhi [India], September 8 (ANI): Domestic air passenger traffic is likely to witness a de-growth of 41 to 46 per cent in the current financial year while international traffic may see a fall of 65 to 72 per cent, according to investment information agency ICRA.
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GIC Re reports Q1 net loss of Rs 497 cr as premiums decline
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 8 (ANI): Government-owned General Insurance Corporation of India (GIC Re) has reported a consolidated net loss of Rs 497 crore in the first quarter of the current financial year as against a net profit of Rs 192 crore in Q1 FY20.
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India's real GDP expected to contract by 5.2 pc in FY21: Motilal Oswal
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], September 1 (ANI): While the real gross domestic product (GDP) contracted by 23.9 per cent and gross value added (GVA) by 22.8 per cent in the first quarter of current financial year, the real GDP turnaround from contraction to growth in late calendar year 20
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Equity indices flat after historic contraction in Q1 GDP
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], Sep 1 (ANI): Equity benchmark indices were flat during early hours on Tuesday as official figures released a day earlier showed 23.9 per cent fall in the economy during the first quarter of the current financial year.
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Growth expected in Q2 as worst from Covid-19 over: EY
Updated : 5 years, 11 months ago IST
New Delhi [India], Aug 29 (ANI): The first quarter (April to June) is likely to be the worst of current financial year due to economic disruptions caused by Covid-19 pandemic and recovery is expected ahead, global consultancy firm Ernst & Young (EY) has said.
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States face uncovered losses of Rs 3.1 lakh crore in FY21: SBI report
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): States are likely to face uncovered losses of up to Rs 3.1 lakh crore in the current financial year due to massive disruption caused by COVID-19 pandemic, according to a report by State Bank of India (SBI) released on Monday.
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Gradual coal demand recovery amid high inventory to keep prices subdued in
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], Aug 17 (ANI): Coal prices are likely to be subdued in the current financial year on the back of low power demand and piling inventory at power stations, India Ratings and Research (Ind-Ra) said in its first edition of credit news digest published on Monday.
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Revenue, EBITDA margins of EPC companies to fall by 15 per cent in FY21: I
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], Aug 15 (ANI): The revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) margin of engineering, procurement and construction (EPC) companies will decline around 15 per cent year-on-year in the current financial year as COVID-19 led l
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