Easy Trip Planners Reports 22% Decline in Q1FY24 Profit to Rs 26 Crore
KT: Easy Trip Planners’ Q1 profits drop 22% to INR 26 Cr amid expansion efforts. Company diversifies services and acquires stakes in travel firms. Read more
Delhivery Achieves 10.5% YoY Revenue Growth and Narrows Losses to Rs 89 Crore in Q1 FY24
Kukla Times: Delhivery’s Q1 FY24 shows 10.5% revenue growth & losses down to Rs 89 Cr. Logistics leader excels in truckload & supply chain services. Read More
India’s Rating Unchanged At BBB With Stable Outlook: Fitch Ratings
India is one of the fastest-growing sovereigns globally but its sovereign rating remains unchanged at BBB. Fitch Ratings highlighted a stable outlook, on robust growth and resilient external finances. It affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB with a Stable Outlook. Fitch Ratings said strong growth potential is a key supporting factor […]
Revenue Up, Profits Down: Analyzing Tech Mahindra’s Q1 Financial Results
Tech Mahindra has reported a 13.8 per cent drop in consolidated profits for quarter-on-quarter to Rs 1,118 crore and a 10.1 per cent increase in revenue year-on-year. Revenue is down by 0.1 per cent at Rs 13,718 crores quarter-on-quarter. The information technology services company attributed the drop in margin of 60 bps to adverse foreign […]
Breaking Down Intel’s Whopping $2.8B Loss in Q1: What Went Wrong?
Intel sustained a massive loss of $2.8 Billion during the first quarter of 2023 after the company’s profits plunged 134 per cent year-over-year. Revenue dropped 36% to $11.7 Billion. This is the fifth consecutive quarter of falling sales for Intel and the second consecutive quarter of losses. However, the first-quarter results are slightly better than […]
Maruti Suzuki Records 42.6% Spike in Profit, 20% Revenue Increase for Q1 2023
Maruti Suzuki India’s largest carmaker, reports 42.6% rise in Q1 profit, attributing it to new models and strong market response. Read full news on the website.