COMPUTER AGE MANAGEMENT SERVICES LTD Q1 RESULTS
LIC plays the price game for growth, margins take a back seat, for now
LIC, India's largest insurance provider, shifted its growth strategy, focusing on expansion over margins. In Q1 FY25, it reported a 24% rise in value of new business due to a 21% increase in annualized premium equivalent. This strategy led to a rise in non-par segment premiums but a decline in overall margins.
Veranda Learning Solutions achieves stellar Q1FY25 growth, revenue surges 70%, EBITDA jumps fivefold
Veranda Learning Solutions reported strong Q1FY25 financial results, with operating revenue up 72.69% to Rs 118.99 crores and EBITDA increasing by 400% to Rs 27.61 crores. The company trained 113,262 students and attributed its success to strategic partnerships with Cambridge, Pearson, and KSDC. The company aims for Rs 600 crores in revenue for FY25.
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.
Tencent Q2 Results: Revenue rises on gaming business recovery
China's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a launch of a new mobile game in May that got off to a strong start.
Muthoot Finance reports 28% growth in loan AUM, reaching Rs 98,048 cr in Q1 FY25
Muthoot Homefin (India) Ltd (MHIL), the wholly owned subsidiary, loan AUM stood at Rs.2,199 crores in Q1 FY25 as against Rs.1,501 crores in Q1 FY24, an increase of 47% YoY. The loan disbursement for Q1 FY25 stood at Rs.221 crores as against Rs.109 crores in Q1 FY24, a YoY increase of 103%. Total revenue for Q1 FY25 stood at Rs.73 crores as against Rs.44 crores in Q1 FY24, registering a growth of 66% YoY. Profit after tax stood at Rs. 8 crores in Q1 FY25 as against Rs.5 crores in Q1 FY24, an increase of 60% YoY. Stage III assets stood at 1.75% as of June 30, 2024, as compared to 1.88% last year.
Apollo Hospitals Q1 Results: Profit zooms 83% YoY to Rs 305 crore, revenue up 15%
Apollo Hospitals Q1 Results: Leading hospital chain Apollo Hospitals reported 83% growth in its consolidated net profit at Rs 305 crore for the first quarter ended June 2024. It was Rs 167 crore in the year-ago period.
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Voltas Q1 net profit soars 160% YoY to Rs 335 crore, stock jumps 10%
Voltas Q1 Results: Air conditioning maker Voltas on Monday posted a 160% year-on-year (YoY) jump in consolidated net profit to Rs 335 crore for the June quarter of FY25. It had clocked Rs 129 crore profit in the year-ago period.
MapmyIndia shares jump 7% as Q1 profit rises 12% YoY
Shares of CE Info Systems-owned MapmyIndia on Monday surged 7% to its day’s high of Rs 2,380.35 after the company on Friday reported a 12% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 35.9 crore for the June quarter.
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.
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.
Zomato to launch District app for dining out, events, ticketing biz
Zomato introduced a new app, District, for its going-out vertical, which includes dining, live events, and ticketing. This follows efforts to expand this business, including acquiring Paytm’s events division. The segment reported Rs 1,268 crore in the April-June quarter, a 106% rise from the previous year. Zomato aims to create 'super brands' instead of 'super apps'.
M&M Q1 Results: Standalone net profit falls 5% YoY to Rs 2,613 crore, revenue jumps 12%
M&M Q1 Results: The net profit was Rs 2,759 crore in the last year quarter. The auto player's Q1 revenue of ₹27,039 crore was driven by a 14% increase in vehicle sales. EBITDA also climbed 16% to ₹4,116 crore. The auto segment led the growth, with revenue up 16% and profit soaring 35% (excluding prior year gains).
Adani Total Gas Q1 Results: Net profit rises 14% YoY to Rs 172 crore
Adani Total Gas Q1 Results: He added that during the quarter, ATGL received approval from the regulator for the transfer of a Letter of Authorization for the Jalandhar geographical area (GA) which provides high volume growth opportunity to the company.
Tech Mahindra shares tumble over 5% after lower-than-expected Q1 performance. Should you invest?
Tech Mahindra's shares fell 5.5% after Q1 PAT rose 23% YoY to Rs 851 crore, below the Rs 870 crore estimate. Revenue dropped 1% YoY but improved 1% sequentially. Brokerages gave mixed ratings: Nomura - Buy, Motilal Oswal - Neutral, Nuvama - Reduce.
L&T Q1 Results: Cons PAT jumps 12% YoY to Rs 2,786 cr, revenue rises 15%
L&T Q1 Results: Revenue from operations grew 15% YoY to Rs 55,120 crore, driven by strong performance in the projects and manufacturing (P&M) portfolio, supported by a substantial order book. In the first quarter, the company secured orders worth Rs 70,936 crore at the group level, showing an 8% year-on-year increase, thanks to robust ordering activity in the Middle East.
L&T Q1 Results today: PAT may rise 11% YoY; revenue growth to be led by energy and services biz
L&T set to shock the market with soaring revenues and profits in Q1! Analysts predict a jaw-dropping 12% revenue growth and 11% profit surge. Don't miss the thrilling updates on international orders and project performance. Brace yourself for the explosive results announcement on July 24!
Q1 results today: L&T, Axis Bank among 67 companies to announce earnings on Wednesday
67 companies, including L&T, Axis Bank, Bajaj Finserv, and SBI Life, will release April-June 2024 results. L&T expects 8% growth. Axis Bank's net interest income is up 11%, with net interest margins down; it reported Rs 7,130 crore profit in March quarter compared to last year's loss. Results from various companies are anticipated.
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%.
Tata Technologies Q1 profit slides 15% on-year, VinFast woes behind
Sequentially, Tata Technologies' net profit rose 3.04% from Rs 157.24 crore in the preceding quarter ending March 2024. Revenue from operations for the quarter stood at Rs 1,269 crore, up 0.9% on-year basis but down 2.5% sequentially.
Paytm Q1 results preview: Revenue may fall by up to 36%, net loss likely to widen
One 97 Communications, operating Paytm, could report a net loss between Rs 1,013 crore and Rs 840 crore and a revenue between Rs 1,532 crore and Rs 1,490 crore for June 2024, according to estimates by two brokerages.
Tata Technologies Q1 Results: Cons PAT drops 15% YoY to Rs 162 crore
Tata Technologies Q1 Results: Despite a 1% quarter-on-quarter decline in services revenue to ₹985 crore, the company posted a robust operating EBITDA of ₹231 crore with an 18.2% margin for the June quarter. This positive performance is attributed to favourable market conditions, with the manufacturing sector continuing to invest in future-proofing technologies such as alternative propulsion systems, software-defined products and services, and smart manufacturing.
LTIMindtree Q1 Results: Cons PAT falls over 1% YoY to Rs 1,134 crore; revenue rises 5%
LTIMindtree Q1 Results: The company reported revenue from operations of Rs 9,143 crore for the quarter, marking a 3% sequential increase compared to the previous quarter. In USD terms, revenue reached $1,096.2 million, representing a 3.5% YoY growth and a 2.5% quarter-over-quarter (QoQ) increase.
Infosys Q1 Preview: Net profit may jump 6% YoY; strong sequential revenue growth seen
Infosys Ltd is anticipated to show solid sequential revenue growth in Q1 of June 2024, fueled by large deals. Net profit expected to rise by 6% year-on-year. Key areas of interest include deal TCVs, pricing, attrition, and growth/margin outlook. Analysts offer positive forecasts for Infosys performance.
LTIMindtree Q1 Preview: Healthy sequential growth likely on uptick in BFSI, manufacturing
LTIMindtree's Q1 results on July 17 likely show 2% quarterly, 4% yearly revenue growth, 5% PAT rise. March quarter net profit fell to Rs 1,100 crore, revenue rose to Rs 8,893 crore.
Jio Financial Services Q1 Results: Net profit falls 6% YoY to Rs 313 crore
Interest income fell 20% to Rs 162 crore in June 2024 from Rs 202 crore a year ago while expenses increased to Rs 79 crore from Rs 54 crore a year ago, mainly as staff expenses increased more than three time to Rs 39 crore in June 2024.
Profit booking or another record high in Nifty this week? Track these 5 factors
After six consecutive weeks of gains, the Nifty is experiencing mixed signals due to the anticipation surrounding the upcoming Budget and the ongoing earnings season. The Sensex managed to end the week 0.65% higher, while the BSE Smallcap index saw a slight decline of 0.26%. The June quarter earnings season began this week, and FII inflow into D-St crossed the Rs 15,000 crore mark in June.
TCS shares surge 7% on strong Q1 show, lifting D-Street to fresh record highs
TCS Share Price: Shares of TCS surged 6% to Rs 4,169 in early NSE trading after reporting higher-than-expected earnings for the June quarter. Jefferies upgraded TCS and raised its price target, while CLSA and JPMorgan maintained ratings with higher targets. Domestic analyst Nuvama also increased its target price.
TCS, Infy power D-Street to fresh record highs! Sensex soars 900 points, Nifty tops 24,500 for the first time
Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.
TCS Q1 Results: Cons PAT rises 9% YoY to Rs 12,040 crore, beats estimates
TCS Q1 Results: IT bellwether TCS reported a 9% YoY growth in its June quarter consolidated net profit, reaching Rs 12,040 crore, compared to Rs 11,120 crore in the same quarter last financial year. This profit exceeded the Street estimate of Rs 11,900 crore. Additionally, the company's board recommended a dividend of Rs 10 per share.
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