INDRAPRASTHA GAS LTD Q3 RESULTS
![Take notice! In a muted Q1 season, these 14 companies doubled sales and profits](https://img.etimg.com/thumb/msid-112823853,width-100,height-75,resizemode-4/markets/stocks/earnings/take-notice-in-a-muted-q1-season-these-14-companies-doubled-sales-and-profits.jpg)
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.
![Q1 results shocker: 40 companies report more than 50% drop in profit](https://img.etimg.com/thumb/msid-112727284,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-results-shocker-40-companies-report-more-than-50-drop-in-profit.jpg)
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
![Adani group EBITDA surges 33% in Q1, leverage at multi-year low](https://img.etimg.com/thumb/msid-112624978,width-100,height-75,resizemode-4/markets/stocks/earnings/adani-group-ebitda-surges-33-in-q1-leverage-at-multi-year-low.jpg)
Adani group EBITDA surges 33% in Q1, leverage at multi-year low
"The consistently advancing EBITDA is largely driven by the Group's highly stable and resilient 'core infrastructure' platform, which constitutes over 80 per cent of the portfolio EBITDA and saw a remarkable 41.6 per cent growth year-on-year in Q1," it said.
![Oil and gas spoil India Inc show in June Quarter](https://img.etimg.com/thumb/msid-112538803,width-100,height-75,resizemode-4/markets/stocks/news/oil-and-gas-spoil-india-inc-show-in-june-quarter.jpg)
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.
![ONGC shares rally over 7% despite missing Street estimates. Should you buy, sell or hold?](https://img.etimg.com/thumb/msid-112338268,width-100,height-75,resizemode-4/markets/stocks/news/ongc-shares-rally-over-7-despite-missing-street-estimates-should-you-buy-sell-or-hold.jpg)
ONGC shares rally over 7% despite missing Street estimates. Should you buy, sell or hold?
ONGC Share Price: Despite a 15% year-on-year drop in Q1 net profit to Rs 8,938 crore, ONGC shares gained 8%, closing at Rs 329.50. Highlighting marginal falls in crude oil and gas production, brokerages gave mixed ratings, focusing on the potential of the KG basin and other assets. The company's performance outlook remains cautiously optimistic. | Oil and Natural Gas Corporation
![Vedanta Q1 Results: Profit grows 37% YoY to Rs 3,606 crore](https://img.etimg.com/thumb/msid-112313437,width-100,height-75,resizemode-4/markets/stocks/earnings/vedanta-q1-results-profit-grows-37-yoy-to-rs-3606-crore.jpg)
Vedanta Q1 Results: Profit grows 37% YoY to Rs 3,606 crore
Vedanta Q1 Results: Vedanta posted a 37% year-on-year increase in consolidated net profit to Rs 3,606 crore for the first quarter, up from Rs 2,640 crore last year. Revenue grew 6% year-on-year to Rs 35,239 crore. The company's EBITDA surged by 47%, with margins at 34%, attributed to robust cost reduction efforts.
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.
ONGC Q1 Results: Standalone net profit falls 15% YoY to Rs 8,938 crore, misses estimates
State-owned ONGC on Monday reported 15% fall in its standalone net profit at Rs 8,938 crore in the first quarter ended June 2024. The same stood at Rs 10,527 crore a year ago.
Adani Ports Q1 Results: Cons PAT climbs 47% YoY to Rs 3,113 cr, revenue up 11%
Adani Ports reported a 47.2% rise in consolidated profit for the June quarter, totaling Rs 3,113 crore. Revenue saw an 11.34% increase to Rs 6,956.32 crore. EBITDA grew by 13.1%, with margins improving to 61%. CEO Ashwani Gupta commented on the strong financial performance, noting a temporary issue at Gangavaram Port, now resolved.
Torrent Power Q1 Results: Cons PAT zooms 87% YoY to Rs 996 cr
The company reported a substantial increase in net profit for the April-June quarter, reaching Rs 996.34 crore compared to Rs 532.28 crore in the same period last year. Total income also rose by 23% to Rs 9,110.02 crore. Additionally, the company's board approved the sale of its entire stake in Torrent Electricals Private Ltd (TEPL) to its holding company, Torrent Investments Private Ltd (TIPL), for Rs 85 crore.
GAIL Q1 Results: Cons PAT soars 78% YoY to Rs 3,183 crore; revenue rises 6%
GAIL Q1 Results: The company's profit after tax grew 29% sequentially from the previous quarter, reaching Rs 2,469 crore. Revenue also saw a 6% increase compared to the last quarter of the previous fiscal year. EBITDA jumped 80% year-over-year to Rs 4,790 crore, leading to a significant improvement in EBITDA margins, which reached 13.8%. Total expenses increased slightly to Rs 31,393 crore compared to the same quarter last year.
Will Nifty cross 25,000 this week? Fed meeting & 5 other factors to watch out for
The stock market showed strong recovery last week, buoyed by positive US GDP data. This week, factors such as the US Fed meeting, Q1 earnings reports, FII flows, and global economic data could influence market trends. Analysts believe Nifty might hit the 25,000 mark for the first time.
Ramkrishna Forgings Q1 Results: Cons PAT rises 3% YoY to Rs 81 crore
Ramkrishna Forgings Ltd on Wednesday posted over 3 per cent rise in consolidated net profit to Rs 81 crore during the June quarter, on account of higher income. It had clocked Rs 78.52 crore profit for the period ended June 30, 2023, the company said in an exchange filing.
RIL Q1 Results: PAT drops 5% YoY to Rs 15,138 crore; revenue jumps 12%
RIL Q1 Results: Mukesh Ambani-led Reliance reported a 5% decrease in its consolidated net profit for the quarter ending June 2024, amounting to Rs 15,138 crore compared to Rs 16,011 crore in the same period last year. Despite this, revenue from operations grew by 12% YoY to Rs 2.36 lakh crore. The reported profit fell significantly short of Street expectations of around Rs 16,341 crore.
RIL Q1 results preview: Revenue may grow by 7-12% YoY, PAT could decline up to 6.3% on weak O2C
Reliance Industries is anticipated to report Q1FY25 profit between Rs 14,999 crore to Rs 19,084 crore with revenue estimates ranging from Rs 2,31,463 crore to Rs 2,22,254 crore. Concerns arise over O2C impact on earnings due to declining refining margins.
10 Best Three Burner Gas Stoves for Effortless Cooking
Discover the best three burner gas stoves that combine efficiency, safety, and modern design. This article reviews leading models, highlighting their unique features such as auto-ignition, spill-proof trays, and durable brass burners. Perfect for multitasking in the kitchen, these stoves promise enhanced cooking experiences with consistent performance and stylish aesthetics.
ONGC Q4 Results: Net profit jumps 19 times to Rs 9,869 crore
India's top oil and gas producer had made a provision of Rs 9,235 crore in the January-March 2023 quarter towards disputed taxes for the period from April 1, 2016, to March 31, 2022.
GAIL Q4 Results: Profit grows over 3x to Rs 2,177 crore; revenue drops 2%
On a sequential basis, profit after tax was down 23% QoQ from Rs 2,843 crore reported in the preceding December quarter. Meanwhile, revenues also dropped 6% compared with the third quarter period.
IGL shares surge 7% after Q4 results. Should you invest?
IGL Share Price: Indraprastha Gas (IGL) shares surged 7% after reporting a 16% YoY profit increase to Rs 383 crore in Q4. Despite revenue decline due to lower gas prices, sales volume rose
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