RELIANCE POWER LTD Q4 RESULTS
Zomato captains India Inc’s dream Team XI with over 1,000% profit growth
The June quarter saw Zomato and 10 other companies achieving over 1,000% profit growth. Zomato's profit skyrocketed 12,550% year-on-year. Other remarkable performers were Shakti Pumps and Lotus Chocolate. Experts advise focusing on growth outlooks rather than past profits when making investment decisions.
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.
Reliance Infra Q1 Results: Net loss narrows to Rs 69 crore
Reliance Infrastructure Ltd on Wednesday said its consolidated net loss narrowed to Rs 69.47 crore in the June 2024 quarter. It had clocked a net loss of Rs 494.83 crore in the year-ago period, the company said in an exchange filing.
Reliance Power Q1 Results: Net loss narrows to Rs 98 crore
Reliance Power on Wednesday said its consolidate loss narrowed to Rs 97.85 crore during the June 2024 quarter, on account of improved income. It had reported a loss of Rs 296.31 crore in the April-June period of the preceding 2023-24 financial year, the company said in a regulatory filing.
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.
Symphony shares rally 18% in 2 days on announcing share buyback, 270%YoY jump in Q1 PAT
Symphony's shares climbed 18% following a significant 270% rise in Q1 net profit and the announcement of a Rs 71.40 crore share buyback. The buyback price offers a 67% premium, with record dates set for both share buyback and interim dividend declaration. The company's revenue also increased by 76% YoY.
Tata Power Q1 Results: Cons PAT rises 4% YoY to Rs 1,189 crore, revenue jumps 14%
Tata Power Q1 Results: Tata Power today reported a consolidated net profit of Rs 1,189 crore for the quarter ended June 30, 2024, which was up by over 4% from Rs 1,141 crore reported by the company in the year ago period.
Airtel’s ARPU for Q1 FY25 increases to Rs 211 as against Rs 200 in Q1 FY24
Bharti Airtel's average revenue per user (ARPU) rose to Rs 211 in Q1 FY25, up from Rs 200 the previous year. The company saw its consolidated profit more than double to Rs 4,160 crore, driven by increased demand for high-margin 4G and 5G services. Consolidated revenue grew by 2.8% to Rs 38,506.4 crore, with Indian revenue up 10.1% to Rs 29,046 crore.
Q1 results, IPO action among 10 factors that will steer D-Street this week
The Street will react to major earnings reports from SBI, Divi’s Laboratories, Titan, and Britannia when markets resume trading on Monday. Additionally, 922 BSE-listed companies will announce April-June earnings, including Bharti Airtel and Tata Power. Indian markets will take cues from US market closures and GIFT Nifty futures.
Adani Power Q1 Results: Profit plunges 55% YoY to Rs 3,913 crore
Adani Power Q1 Results: Revenue from operations saw an increase of 36% YoY to Rs 14,956 in the period. It was Rs 11,005 crore in the year-ago quarter. The continuing profit jumped about 95% YoY to Rs 4,483 crore. The company boasts of transitioning into an era of greater regulatory certainty after the satisfactory resolution of all major pressing matters and the recovery of regulatory dues during FY24. Consequently, prior-period revenue recognition on account of regulatory orders has come down significantly.
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.
Q1 results today: ICICI Bank, Dr Reddy's among 34 companies to announce earnings on Saturday
Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.
Power Grid Q1 Results: Standalone profit falls 4% YoY to Rs 3,412 crore, revenue down 2%
Power Grid's Q1 FY24 net profit fell 4% to Rs 3,412 crore from Rs 3,542 crore last year. Revenue decreased by 2% to Rs 10,068 crore from Rs 10,245 crore.
RIL shares fall 3% after subdued Q1 results but target prices go up to Rs 3,786
Reliance Industries shares dropped 3% to Rs 3,019 on BSE as it reported a 5% YoY profit decline, missing Street estimates for Q1. Jefferies lowered target price to Rs 3,525 citing retail underperformance and subdued oil-to-chemicals outlook. Nuvama set the highest target at Rs 3,786. Macquarie maintained a neutral stance, targeting Rs 2,750, citing potential downside to consensus EPS.
Reliance Retail Q1 Results: Cons PAT rises 5% YoY to Rs 2,549 crore, revenue up 7%
Reliance Retail Q1 Results: For the April-June quarter, the company's revenue from operations was Rs 66,260 crore. It was Rs 62,159 crore in the same quarter of the previous financial year. Again, the gross revenue for the reported quarter was Rs 75,615 crore, an 8.1% rise from Rs 69,948 crore in the corresponding quarter of the previous year.
Lower fuel cracks, tepid global demand and new refineries impacted Reliance's core O2C business: Mukesh Ambani
Reliance Industries' Q1 profit dropped to Rs 15,138 crore, a 5% year-on-year and 20% quarter-on-quarter decline from March's Rs 18,951 crore. The O2C segment experienced a 14.3% EBITDA fall due to lower fuel and petrochemical margins. Petrol margins decreased by 30%, depreciation was Rs 13,596 crore, and finance costs rose despite telecom and retail gains.
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.
Reliance Jio Q1 Results: PAT jumps 12% YoY to Rs 5,445 crore, revenue rises 10%
Reliance Jio Q1 Results: The Reliance Industries' telecom subsidiary reported revenue from operations at Rs 26,478 crore, an increase of 10% from Rs 24,042 crore reported in the corresponding period of the previous financial year. The standalone revenue was up 2% on a quarter-on-quarter basis from Rs 25,959 crore reported in the January-March quarter.
Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146
Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.
Load More
