CARBORUNDUM UNIVERSAL LTD Q1 RESULTS
![Q1 Earnings: The curious case of banking sector performance](https://img.etimg.com/thumb/msid-112677302,width-100,height-75,resizemode-4/markets/stocks/news/q1-earnings-the-curious-case-of-banking-sector-performance.jpg)
Q1 Earnings: The curious case of banking sector performance
The financial sector’s 14.5% YoY profit growth has significantly outpaced the 2.6% YoY growth of the entire universe. This trend is consistent across Nifty 50, smallcap, midcap, and largecap stocks.
![Godrej Consumer shares tumble nearly 5% as Q1 standalone PAT falls 6% YoY. Brokerages remain positive](https://img.etimg.com/thumb/msid-112368672,width-100,height-75,resizemode-4/markets/stocks/news/godrej-consumer-shares-tumble-nearly-5-as-q1-standalone-pat-falls-6-yoy-brokerages-remain-positive.jpg)
Godrej Consumer shares tumble nearly 5% as Q1 standalone PAT falls 6% YoY. Brokerages remain positive
Godrej Consumer Products saw its shares drop 4.5% following a 5.8% year-on-year fall in standalone net profit for the June quarter. Despite this, revenue rose by 7.9%. Analysts have increased target prices up to Rs 1,715, and the company plans a Rs 500 crore investment in the pet care segment over five years.
![Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings](https://img.etimg.com/thumb/msid-112075506,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-results-this-week-itc-sbi-tamo-zomato-among-130-firms-to-announce-earnings.jpg)
Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
![AU Small Finance Bank Q1 Results: PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence](https://img.etimg.com/thumb/msid-112020185,width-100,height-75,resizemode-4/markets/stocks/earnings/au-small-finance-bank-q1-results-pat-up-30-to-rs-503-crore-applies-for-universal-banking-licence.jpg)
AU Small Finance Bank Q1 Results: PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence
The bank has received its board approval for applying for the coveted license. The board has also formed a committee of directors to vet the application. The committee includes chairman HR Khan, independent directors Pushpinder Singh and MS Sriram and managing director Sanjay Agarwal.
![Last date to buy! PFC among 34 stocks to trade ex-dividend on Friday](https://img.etimg.com/thumb/msid-112002836,width-100,height-75,resizemode-4/markets/stocks/news/last-date-to-buy-pfc-among-34-stocks-to-trade-ex-dividend-on-friday.jpg)
Last date to buy! PFC among 34 stocks to trade ex-dividend on Friday
Following the implementation of the T+1 framework, dividends are distributed to shareholders listed in the company's database on the record date. Normally, the record date and ex-date align unless a market holiday follows the ex-date. Under this framework, shareholders who purchase the stock at least one day before the ex-date qualify for dividends, with settlement occurring the next day.
![Pankaj Pandey on 2 sectors that are likely to see strong Q1 earnings](https://img.etimg.com/thumb/msid-111506517,width-100,height-75,resizemode-4/markets/expert-view/pankaj-pandey-on-2-sectors-that-are-likely-to-see-strong-q1-earnings.jpg)
Pankaj Pandey on 2 sectors that are likely to see strong Q1 earnings
Raymond specifically, we do not have a coverage. But I think you have very few stocks which can be bought at current levels in real estate given the price appreciation a lot of these stocks have seen. So, some bit of a time correction or price correction is what we are waiting for.
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IT stocks rally up to 32% in 1 month. Will Q1 results mark end of sluggish revenue growth?
IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.
Indian software sector earnings will remain modest in Q1: here’s why
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
A 1°C rise in global temperature causes a 12% decline in world GDP: Adrien Bilal
Adrien Bilal discusses the macroeconomic impacts of global temperature rises in the Anthropocene with Srijana Mitra Das at Harvard University.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Carborundum Universal Q4 Results: Consolidated net profit reported at Rs 142.56 cr
Abrasives manufacturer Carborundum Universal Ltd (CUMI) has recorded a consolidated net profit of Rs 142.56 crore for the January-March 31, 2024 quarter, the company said.
Jana Small Finance Bank shares surge 19%, hit 52-week high post Q4 results
Its net interest margin, a key gauge of profitability, improved to 8% for the full year from 7.8% in FY23.
Jana Small Finance Bank Q4 Results: Net profit doubles to Rs 167 crore
The net profit however comes to Rs 344 crore, reflecting a four-fold jump, if the deferred tax assets of Rs 170 crore is included.
Wipro reappoints Azim Premji as non-executive, non-independent director; Rishad Premji as whole-time director
Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029.
Banks Q4 earnings preview: In line with Q3, a moderate quarter likely. Top stocks to buy
Q4 earnings preview indicates private banks may outperform public sector lenders due to tight liquidity. JM Financial expects 5% earnings growth, while analysts focus on NII growth, asset quality improvement, and stock outlook based on deposit performance.
Q4 earnings preview: Auto sector revenue to grow 15% YoY on steady PV, 2W demand
Q4 auto sector is poised for revenue growth of 15% with EBITDA expected to rise by 28%. Brokerages foresee flat margins for some OEMs. Positive 2W demand trends noted. Top picks include TVS and Tata Motors.
IT Q4 Preview: Tech giants to see modest quarter; all eyes on FY25 guidance
IT companies anticipate modest growth in the upcoming quarter with a keen eye on FY25 guidance. TCS will lead the earnings season, while midcap companies are expected to outperform largecaps. Strong deal flows and margin expansion anticipated.
A play on broader economic recovery: 6 stocks from core industrial supplies segment with upside potential of up to 39%
While there are many ways to play the theme of industrial recovery, there is a set of companies, who don't come into headlines very often but a very high correlation between how the economy as whole is doing and a sector in particular. So while steel companies may come into news because of what happens to commodity prices and China, but the companies, which supply consumables like refractory material to them, don't come into the headlines. It is not only steel or metal, there are a host of sectors where there are niche players who supply critical input to another industry and their bottomline growth is linked to what is happening in the mother industry. Now there is little doubt that one after another things are turning better for many sectors, so some of these companies which supply industrial consumables are also coming into focus.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
5paisa Capital Q3 Results: Net profit soars 37% YoY to Rs 15 crore; revenue jumps 20%
Consolidated income of 5paisa Capital during the reporting quarter jumped 20% year-on-year to Rs 100 crore as against Rs 83.8 crore in the corresponding quarter of last year. Profit before tax for the quarter increased 37% to Rs 20.2 crore. For nine months of FY24, revenue rose 14% year-on-year to Rs 282 crore, while profit was up 67% year-on-year to Rs 48.7 crore.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 31%
While it should always be followed as the basic principle of investing, in markets when valuations are high it becomes extremely important for an investor to look at a company and their operating and valuation matrix separately. The reason, when there is a change in the operating matrix, the valuation matrix gets impacted more. The reason to be cautious is that when a correction takes place, and it does, stocks which have seen an improvement due to fundamental reasons tend to perform relatively well as compared to others. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Advantage industrial recovery: 4 stocks from manufacturing sector with upside potential of up to 35%
B2B is normally associated with the digital world, but there are many companies whose products go as consumable or what is commonly called as raw material in the manufacturing sector. So for companies which are into supplying industrial consumables it is not an easy task. However there is an advantage to it also. Once the supply contract is settled, buyers also don’t disturb their relationship with suppliers.
Play on Industrial recovery: 4 stocks from B2B of manufacturing sector with upside potential of up to 35%
It might surprise many, for a company which intends to supply selected raw materials to a tyre company, it might take anywhere two to three years to get approvals in testing and another process before it is able to sell its product to that particular tyre maker. But then once approved, the relationship between them remains forever, until rocked by something major. Similarly, many companies which supply only to large industries have its own advantages.
SBI, Tata Motors top picks post Q1 results; experts see over 20% upside in 12 months
The auto, O&G, and banks (private and PSU) are expected to be the key growth drivers with 77%, 56%, and 30% YoY earnings growth, respectively, and are likely to contribute 71% to earnings growth.
Q1 results this week: Adani Enterprises, SBI, Maruti, Titan, Airtel, M&M & others
Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.
ICICI Bank hits 52-week high! Brokerages see 15-23% upside post solid Q1 show
India's second-largest private sector lender ICICI Bank's June quarter standalone profit after tax (PAT) recorded a growth of 39.7% year-on-year (YoY) to Rs 9,648 crore. ET NOW poll had estimated PAT at Rs 9,300 crore. Its net interest income (NII) increased by 38% YoY to Rs 18,227 crore
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