CHOLAMANDALAM FINANCIAL HOLDINGS LTD Q4 RESULTS
FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?
FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.
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.
Vodafone Idea shares rally over 3% after narrowing Q1 losses. Should you invest?
Vodafone Idea's shares climbed 3.5% as it narrowed its Q1 2024 losses to Rs 6,432 crore. Revenue dipped slightly by 1.38% to Rs 10,508 crore. The company's ARPU grew to Rs 146 from Rs 139. Brokerages provided differing opinions on Vodafone Idea's future, amid concerns about debt and government support.
IRFC Q1 results: PAT up 1.6% YoY to Rs 1,577 crore, revenue uptick at 1.4%
IRFC Q1 results: State-run Indian Railway Finance Corporation (IRFC) reported a net profit of Rs 1,577 crore for the quarter ended June 30, 2024 which was up by 1.6% over Rs 1,551 crore reported by the company in the year ago period.
Nykaa Q1 Preview: PAT seen growing multifold; BPC, fashion to drive revenues
Nykaa Q1 Result Preview: FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.
Q1 results today: IRFC, Vodafone Idea among 528 companies to announce earnings on Monday
As the first quarter earnings season nears its end, 528 companies are set to release their results on Monday. Key reports include IRFC, Vodafone Idea, and NMDC. Vodafone Idea is expected to report flat revenue and losses between Rs 7,489-8,100 crore. EBITDA is forecasted to see a slight year-on-year rise despite challenges.
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Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects
Vodafone Idea is expected to report a flat revenue for the quarter that ended June 30 owing to losses in the subscriber base coupled with a flattish Average Revenue Per User (ARPU) according to estimates by four brokerages.
Q1 results today: Godrej Consumer among 158 companies to announce earnings on Wednesday
Q1 results today: As the first quarter earnings season progressed, 158 companies, such as Pidilite, Godrej Consumer, NHPC, BSE, and ABFRL, announced their results. Godrej Consumer was projected to show a 46% increase in net profit but a slight dip in revenue. Kotak Securities highlighted growth in domestic volume and various categories.
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.
Maruti Suzuki shares climb 4% to hit 52-week high on strong Q1 performance. Should you buy, sell or hold?
Maruti Suzuki Shares Price: Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.
Q1 results today: IndiGo, IndusInd among 69 companies to announce earnings on Friday
Companies like Aarti Drugs, Amber Enterprises, Bandhan Bank, Cholamandalam Investment, City Union Bank, ESAF SFB, Equitas SFB, Mangalam Organics, Piramal Pharma, TTK Prestige among others will also declare their results.
SBI Life shares climb 3% to 52-week high after Q1 results. Should you invest?
SBI Life reported a 36% increase in Q1 net profit to Rs 520 crore, leading to shares reaching a 52-week high. Analysts recommend buying the stock due to the company's growth and strategic advantages. Read the full article for details.
L&T shares rise 2% after 12% YoY jump in PAT. Should you buy, sell or hold?
Larsen and Toubro (L&T)’s shares rose by 2% after it reported a consolidated net profit of Rs 2,786 crore for Q1 FY25. Revenue from operations saw a 15% YoY increase, driven by robust execution in projects and manufacturing. Orders grew by 8%, with strong momentum in the Middle East, per analysts insights.
HUL shares plunge over 3% after Q1 results. Should you buy, sell or hold?
Despite reporting a 3% YoY increase in net profit at Rs 2,538 crore for the quarter ending June 30, 2024, in line with the Street's estimate of Rs 2,541 crore, Hindustan Unilever (HUL) saw its shares plummet by 3.3% to Rs 2,674 in Wednesday's intraday trade on BSE.
M&M Financial Q1 Results: Standalone PAT jumps 45% YoY to Rs 513 crore, NII up 15%
M&M Financial Q1 Results: The company saw a 20% increase in total income, reaching Rs 3,760 crore. Standalone pre-provisioning operating profit (PPOP) also rose by 13%, reaching Rs 1,135 crore. The company has successfully reduced credit costs by 15% in the April-June quarter, lowering them to Rs 448 crore. Credit costs as a percentage of average total assets also improved, falling from 2.1% to 1.5%.
Bajaj Auto shares dip nearly 4% after Q1 results. Brokerages see upside potential of up to 27%
Bajaj Auto shares dipped by 3.7%, reaching Rs 9,295.50 post a profit of Rs 1,942 crore, marking an 18% YoY rise. Revenue increased by 16% to Rs 11,932 crore. Despite a sequential PAT drop of 3.4%, Q1FY25 EBITDA surged 24%, surpassing estimates. Brokerages gave mixed ratings: Nuvama, JM Financial, and Nomura rated 'Buy'; CLSA rated 'Underperform'.
Asian Paints shares tumble 4% after disappointing Q1 numbers. Should you buy, sell or hold?
Asian Paints shares dip 4% as Q1 profits fall by 24% YoY. Brokerages maintain neutral stance with varied target prices. Concerns over margin and revenue growth persist. Industry facing competitive pressures and potential market share shifts.
SpiceJet shares surge over 7% on reporting consolidated profit in Q4
SpiceJet shares surged 7% on Tuesday, reaching Rs 60, following the airline's Q4 profit announcement of Rs 127 crore. This marked a turnaround from losses of Rs 6.2 crore and Rs 299 crore in the March and December 2023 quarters, respectively. On a standalone basis, the low-cost carrier reported a sixfold surge in net profit to Rs 119 crore in the fourth quarter
Jio Financial Services Q1 Results: Cons PAT falls 6% YoY to Rs 313 crore, revenue up 1%
Jio Financial Services Q1 Results: In the most recent quarter, the company's total revenue from operations saw a slight increase to Rs 418 crore compared to the same period last year. However, standalone PAT decreased to Rs 72 crore from Rs 78 crore in the previous quarter and Rs 145 crore in the same quarter last year. Standalone revenue from operations also decreased to Rs 134 crore from Rs 141 crore in the previous quarter and Rs 215 crore in the same quarter last year.
SpiceJet Results: Budget carrier posts Rs 127 crore profit in Q4 versus loss a year ago
Despite earlier financial difficulties and a ransomware attack delaying results, SpiceJet reported a 19% year-on-year decrease in consolidated revenue to Rs 1,738 crore for the fourth quarter. However, on a standalone basis, the airline saw a sixfold increase in net profit to Rs 119 crore, with standalone EBITDA rising 12% to Rs 386 crore.
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
Avenue Supermarts shares jump 4%. Should you buy, sell, or hold after Q1 results?
Avenue Supermarts' shares surged 4% to Rs 5,166 on BSE as Q1 revenue rose 19% YoY, driven by 14% area expansion and 4% productivity growth. Analysts highlight narrowing gaps in revenue per sq ft (up 4.2% YoY) and per store (up 4.7% YoY), signaling higher share from larger stores.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Tata Steel Q4 Results: Net profit slumps 64% YoY to Rs 611 crore; misses D-St estimates
Tata Steel Q4 Results: Revenue from operations for the quarter under review fell 7% YoY to Rs 58,687 crore. The company's board has recommended a dividend of Rs 3.6 per share. It has also approved a proposal to infuse funds up to $2.11 billion (Rs 17,407.50 crore), by way of subscription to equity shares of T Steel Holdings Pte Ltd in one or more tranches during FY25.
Campus Activewear shares rally 13% after Q4 results. Should you buy, sell or hold?
The company also posted a 4.6% YoY increase in revenue at Rs 363.9 crore while the EBITDA rose by 16% at Rs 66.4 crore vs Rs 57.1 crore in the fourth quarter last year.
Cholamandalam Financial Q4 Results: Cons PAT jumps 27% YoY to Rs 1,143 crore
Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year.
TVS Motors shares rise 6% after Q4 results. Should you buy, sell or hold?
TVS Motors Share Price: Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the day’s high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024.
Hero MotoCorp shares surge 6% after Q4 results. Should you buy, sell or hold?
Hero MotoCorp Share Price: Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains 'buy'; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains 'sell' rating.
Marico share price climbs 10% after Q4 results. Should you buy, sell or hold?
Marico Share Price: The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.
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