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)
Gold Silver Reports (GSR) – SBI Reports Loss Of Rs 7,718 Crore; Shares Rise On Stable Asset Quality – Shares of the country’s largest public-sector lender rose as much as 6.32 percent, the most in over six months, to Rs 259.90 after it reported March quarter earnings.
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Gold Silver Reports (GSR) – Flipkart to Burn Through $2 Billion Cash in 18 Months, in Battle with Amazon — Flipkart Ltd is likely to burn through as much as $2 billion in cash over the next 18 months—an affirmation that sales growth, rather than cutting losses, remains the top priority for India’s largest online retailer after its takeover by Walmart Inc.