AMBUJA CEMENTS LTD Q1 RESULTS
Take notice! In a muted Q1 season, these 14 companies doubled sales and profits
14 companies with market capitalization exceeding Rs 2,500 crore demonstrated exceptional performance in Q1 2024, doubling their sales and profits. Top performers included Spright Agro and Diamond Power Infrastructure. The broader market saw mixed results with sectors like BFSI and automobile doing well, but oil marketing companies underperforming.
Oil and gas spoil India Inc show in June Quarter
In the June 2024 quarter, India's industry saw modest growth with a 9.4% net profit increase, mainly due to lower refining and marketing margins in the oil and gas sector. Banking and finance sectors performed well with significant revenue growth. The overall operating margin declined to 17.4%. Future growth hinges on rural demand revival post-monsoon.
Major cement companies report volume growth in June qtr, revenue remains muted due to lower price
Major cement companies in India reported slight volume growth in the June quarter amid falling prices and higher raw material costs. UltraTech, Ambuja Cements, and ACC saw increased sales and capacity utilization. Nonetheless, overall revenue growth was limited, and construction activities slowed due to intense heatwaves and elections, hurting profits.
Grasim Industries Q1 Results: Profit slides by a fourth to Rs 1,189 crore on investment in paints ops
The flagship company of the Aditya Birla launched its paints operations ‘Birla Opus’ towards the end of the March quarter, and April-June was its first quarter of full operations. The company has spent Rs 7,795 crore on its paints business as of June-end, approximately four-fifth of the total planned expenditure for these operations.
Grasim Q1 Results: Firm reports Rs 52 cr standalone loss versus Rs 355 cr yr-ago profit
Grasim experienced a Rs 52.12 crore standalone loss in the June 2024 quarter, falling from a Rs 355 crore profit a year ago. Revenue grew 11% YoY to Rs 6,894 crore, driven by its diversified businesses. However, the chemicals segment saw a revenue decrease. Grasim shares were up 1.17% to Rs 2,574.45 on NSE.
LIC stock portfolio surges to Rs 15 lakh crore, 95 stocks sold in Q1
Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.
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Shree Cement shares drop over 3% after 51% YoY decline in Q1 PAT. Should you invest?
Shree Cement faced a 4% drop in shares as it posted a 51% decrease in net profit for the June quarter, down to Rs 278.6 crore. Revenues saw a slight increase to Rs 5,123.9 crore, but higher expenses offset gains. Brokerages had varied opinions, noting concerns about weak demand and geographic expansion.
Shree Cement Q1 Results: PAT declines 51% YoY to Rs 278 crore; revenue rises marginally
Shree Cement Q1 Results: During the first quarter of the 2025 fiscal year, the company reported a 1.75% increase in revenue from operations, reaching Rs 5,123.9 crore compared to Rs 5,035.6 crore in the same period last year. Total expenses also rose by 4.4% to Rs 4,618 crore from Rs 4,422 crore in the first quarter of the previous fiscal year. Despite these figures, the company's stock price experienced a slight decline of 0.2% to Rs 26,682 following the release of the earnings report.
Q1 results today: Vedanta among 132 companies to announce earnings on Tuesday
During the first quarter earnings season, 132 companies, including PFC and Tata Power, were scheduled to announce their financial results. Vedanta's net profit was expected to range between Rs 2,197-3,060 crore, with revenue estimates between Rs 35,440-38,674 crore for June 2024. Different brokerages provided varying growth predictions.
Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others
Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.
Be a bit cautious in auto stocks and do not chase the particular rally in Maruti: Dipan Mehta
Dipan Mehta of Elixir Equities discussed the outlook for the auto and cement industries, noting potential slowdowns and increased competition. He commented on recent developments in speculative trading regulations, the pharma sector, and the performance of companies like Zomato, Paytm, and Maruti. Mehta advised caution in the auto sector while expressing optimism about select pharma stocks.
Ambuja Cement added 275 million tonne in limestone reserves during Apr-Jun quarter
Ambuja Cements reported significant growth in the April-June quarter, adding 275 million tonnes in limestone reserves. The company highlighted achievements in cost leadership, efficiency, and growth, supported by innovations and a focus on ESG. CEO Ajay Kapur announced the anticipated expansion of cement capacity to 140 MTPA by FY'28. Ambuja's net worth rose to Rs 59,465 crore, remaining debt-free. With green power initiatives and major expansions underway, the company is set for further growth, including the acquisition of Penna Cement Industries.
Ambuja Cements Q1 Results: Standalone profit falls 12% YoY to Rs 571 crore, revenue drops 5%
Ambuja Cements saw an 11.5% drop in standalone profit to Rs 571 crore for the June quarter. Revenue decreased 4.5% to Rs 4,516 crore. Operating EBITDA fell to Rs 646 crore, and EBITDA margin dropped to 14.3%. Sales volume grew by 3%, and kiln fuel costs were reduced by 17%. CEO Ajay Kapur emphasized cost-cutting initiatives.
Q1 results today: Maruti, M&M among 115 companies to announce earnings on Wednesday
Q1 results today: In the first quarter earnings season, 115 companies announced results, including Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, and Bank of Baroda. M&M and Maruti expected mixed revenue and profit changes, while Tata Steel's profit was predicted to rise notably amid a revenue drop. Several others also reported their quarterly performance.
ACC Q1 Results: Cons PAT falls 23% YoY to Rs 361 crore, revenue down marginally
Adani Group's cement division, ACC, on Monday announced that its consolidated profit for the June quarter decreased by 22.5% year-on-year, totaling Rs 361.40 crore. Additionally, revenue dropped by 1% year-on-year to Rs 5,155 crore.
Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday
Q1 Results Today 29 July 2024: Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results. | Latest Updates
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Markets remain steady before Union Budget with anticipated volatility. Oil prices decline for third consecutive day due to oversupply worries and subdued demand. Rupee hits record low against US dollar as Asian currencies weaken. Keep an eye on Q1 results from major firms.
Sensex falls over 300 pts as RIL & bank stocks tumble, Nifty below 24,400
Ahead of the budget, Indian markets fell. Sensex dropped 355 points, Nifty50 by 148 points. Reliance fell 2.5% from lower fuel margins; HDFC Bank, the country's top private lender, rose 1% after beating profit forecasts; Wipro dropped 8% due to weak demand in Europe and Asia-Pacific. Mixed performance among key stocks in early trading.
JK Cement Q1 Results: Net profit surges 67% YoY to Rs 184.82 cr
JK Cement Ltd's Q1 FY25 net profit rose 67% to Rs 184.82 crore from Rs 110.73 crore a year ago. Revenue from operations climbed 1.62% to Rs 2,807.57 crore, while total income hit Rs 2,852.31 crore. Total expenses held steady at Rs 2,579.14 crore in the June 2024 quarter.
Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
HDFC Bank's Q1 FY25 financial results are likely to be less impressive than the previous quarter, primarily due to slower deposit growth. The merger with HDFC Ltd. makes year-over-year comparisons irrelevant. Loan growth is also expected to moderate, impacting net interest income. While the bank navigates the challenges of integration and a tougher economic environment, its profitability might see a minor dip in this quarter.
UltraTech Cement Q1 Results: Cons PAT rises marginally to Rs 1,697 crore, revenue up 2% YoY
The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year. On a sequential basis, the cons PAT was down by 25% over Rs 2,258 crore reported by the cement maker in Q4FY24.
Q1 results today: Infosys, Tata Technologies among 45 companies to announce earnings on Thursday
Infosys, Polycab, CEAT, Havells India are set to announce earnings. Infosys anticipates a 2.5% Q-o-Q revenue rise, or 3% in constant currency, with net profit up 6% Y-o-Y and a March net profit increase of 30% Y-o-Y. Motilal Oswal forecasts 2% Q-o-Q revenue rebound and 20.4% operating margin, along with Kotak Equities' 50 bps headwind expectation.
Cement companies likely to post muted performance in Q1 amid sluggish demand
Cement makers have not been able to raise prices in any of the months since November 2023. It has prompted them to focus on volume growth, which is likely to increase the competitive intensity.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
Cement companies’ earnings likely to stay weak
Heatwaves, higher competition, construction slowdown due to polls impacted producers in a lean season.
Cement sector sees marginal growth of 2-3 pc in Q1FY25: Icra
The cement sector experienced a modest 2-3 per cent growth in Q1 due to a slowdown in construction during the Lok Sabha polls, but FY2024-25 is expected to see a 7-8 per cent increase driven by infrastructure and housing demand. Top players are set to consolidate, expanding capacity and improving operating profits by 1-3 per cent from softened raw materials prices. Cement makers are also increasing green power usage to reduce emissions by 15-17 per cent in the coming years.
Ambuja Cements Q4 Results: Profit doubles to to Rs 1,526 crore on volume growth, cost optimization
Ambuja Cements’ consolidated net profit for the March quarter nearly doubled on year to Rs 1,526 crore aided by a robust volume growth and cost reduction.
Ambuja Cements Q4 results: Profit up 6% YoY to Rs 532 cr; co approves Rs 2 dividend
Ambuja Cements reported a standalone net profit of 532 crore rupees for the quarter that ended in March 2024, showing a 6% increase compared to the previous year. Revenue from operations in the fourth quarter rose by 12% year-on-year to Rs 4,780 crore. The Board has recommended a dividend of Rs 2 per equity share for the financial year 2023-24, subject to approval of shareholders of the company.
Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
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