HPCL Slumps After March Quarter Earnings

Gold Silver Reports (GSR) – HPCL Slumps After March Quarter Earnings – Shares of the state-run oil refiner fell 6 percent to Rs 292 after its profit declined in March quarter.

Key earnings highlights:

📍 Revenue up 6 percent at Rs 60,810 crore

📍 Net profit down 10 percent at Rs 1,748 crore

📍 EBITDA down 8 percent at Rs 2,923 crore

📍 Margin at 4.8 percent

📍 FY18 GRM at $7.40/barrel versus $6.20/barrel (YoY)   

Read More →

Bata India Jumps On Reporting Strong Q4 Earnings

Gold Silver Reports (GSR) – Bata India Jumps On Reporting Strong Q4 Earnings – Shares of the Gurugram-based shoe maker rose as much as 4.3 percent, the most in over a month, to Rs 782.20 after its profit and revenue surpassed Bloomberg consensus estimates in March quarter.                   

Read More →