Good morning!
Here are the top stories to start your day.
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⭐ Apollo Hospitals misses expectations
In the December quarter, the multispecialty healthcare company’s net profit declined 33% YoY to ₹163 crore. This was lower than the street estimate of ₹229 crore. The rise in input costs and other expenses dented the profits. Meanwhile, the revenue rose 17% to ₹4,263 crore.
⭐ Grasim Industries profit soars
The diversified (cement-to-finance) company’s net profit surged 44% YoY to ₹2,516 crore. In the same period its revenue grew 17% YoY to ₹28,638 crore – driven by its subsidiaries UltraTech Cement and Aditya Birla Capital. The management said that while domestic consumption remained healthy, global macro conditions impacted export-related demand.
⭐ Bata India focuses on expansion
The footwear major’s net profit rose 15% to ₹83 crore in the December quarter. This was supported by a 7% YoY rise in revenue to ₹900 crore. The company is focusing on premiumisation of the portfolio and expansion. It has added 39 new franchise stores in the December quarter.
Global markets (at 9:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.33% |
| Nikkei 225 (Japan) | ▼ 0.45% |
| Hang Seng (Hong Kong) | ▼ 1.29% |
| SSE Composite (China) | ▼ 0.33% |
| Dow Jones (US) (February 14) | ▼ 0.46% |
| NYSE (US) (February 14) | ▼ 0.42% |
| Nasdaq (US) (February 14) | ▲ 0.57% |
| S&P 500 (US) (February 14) | ▼ 0.03% |
Fact of the day
In 1929, the Dow Jones plunged from its high of 381. It took the index 25 years to regain that high.