profitability metrics Archives

Titan beats estimates in style! Q1 PAT at Rs 1,091 crore, margin improves by over 150 bps

Topnewsplus3 months ago03 mins

Tata group consumer lifestyle firm Titan — which manufactures a range of products including watches, jewellery and eyewear — on Thursday staged a strong financial performance for the quarter ended June 30, with a better-than-expected net profit and a 167-basis-point expansion in its margin. Titan — whose popular brands include Fastrack, Octane, Helios, Tanishq and Zoya…

Axis Bank touts quality push, but market flags a host of concerns

Topnewsplus3 months ago06 mins

Axis Bank tightened its asset classification and income recognition norms, signalling a more conservative credit approach that appears to have dented the lender’s June-quarter profitability. An unexpected bottom-line shrinkage caused the stock to slump more than 5% Friday, forcing a retreat of the Nifty on which Axis Bank has the third-biggest weighting among private lenders….