Jan 13, 2022By: Rounak Jain
JLR retail sales dropped 38 percent to 80,126 units in the December quarter compared to the same period a year ago.
Reported a 1.5 percent increase in net profit in the December quarter to ₹9,769 crore, while revenue jumped over 4.5 percent to $6.5 billion, quarter-on-quarter.
The IT giant also announced a share buyback program worth ₹18,000 crore, at ₹4,500 per share. This is at a premium of 17 percent over January 12’s closing price.
Reported over 7 percent increase in net profit to ₹5,809 crore in the December quarter, while revenue surged 7 percent to $4.25 billion, quarter-on-quarter. Revenue guidance for FY22 raised to 20 percent from 17.5 percent.
Net profit was almost flat at ₹2,970 crore compared to ₹2,931 crore in the previous quarter. IT services segment revenue grew 2.3 percent to $2,640 million, quarter-on-quarter.
JPMorgan and Morgan Stanley have revised their one-year target prices for Paytm, which are now in the range of ₹1,630-₹1,875. Macquarie, on the other hand, has set the target at ₹900.
Mindtree, Tata Metaliks, Eureka Industries, GTPL Hathway, Athena Global Technologies, among others.
Paisabazaar reported that its annualised loan disbursal rate stood at $1.1 billion, excluding credit cards issued. It disbursed ₹695 crore in December across 668 cities in India.
To consider an interim dividend on January 19.
Entered into a joint venture with Japan’s Rexxam for manufacturing printed circuit boards for air conditioners.