
Eicher Motors announced an impressive 33.9% growth in its consolidated net profit, to Rs 459.4 crore against Rs 343.1 crore during the same period last year. The company was able to sustain 30% operating profit margins in the March quarter despite rising input costs, keeping its eye on operational expenses and retaining customers despite price hikes. The company announced a dividend of Rs. 100 per share.
Avenue Supermarts (DMart) is expected to announce its results today. Its share price was sharply up over 4% on Friday close, with investors hoping for a strong performance, the first quarterly result since the company's IPO. In the past four years, based on the firm's disclosures, the company's net profits and revenues have grown in the high double digits - at 51% and 40%.
Cognizant Technology Solutions (CTS), the US headquartered software company, reported revenues of $3.55 billion for the quarter ending March 2017, a higher than expected 10.7% growth from the same period last year. The company reported Q4 revenue growth of 2.7% QoQ. Net profits were up 26% to $557 miilion, compared to the same quarter in the past year. It's strong performance beats TCS and Infosys, with the company's revenue growth in Q4 almost double the average of the other IT firms.