DALMIA BHARAT LTD Q3 RESULTS
RVNL among India Inc's unlucky 13 with over 25% drop in both sales, profit in Q1
To maintain a premium valuation, a stock must demonstrate strong earnings growth and a positive future outlook. However, the June quarter results revealed that several prominent companies, including popular retail multibaggers, fell short in terms of earnings. ETMarkets reviewed companies with an m-cap of at least Rs 5,000 crore and identified 13 entities that reported at least a 25% YoY decline in sales and profit.
Bharat Dynamics shares tank 19% post Q1 results but ICICI Securities upgrades to buy
Bharat Dynamics’ Q1 profit after tax was Rs 7.21 crore, compared to Rs 41.81 crore in the same quarter last year. The PSU defense company’s revenue from operations in Q1FY25 dropped by 35.8% year-on-year to Rs 191.16 crore, down from Rs 297.72 crore. The company also reported an increased EBITDA loss of Rs 52.3 crore for the quarter ended June 2024, up from a loss of Rs 32.6 crore in the corresponding quarter of the previous financial year.
Major cement companies report volume growth in June qtr, revenue remains muted due to lower price
Major cement companies in India reported slight volume growth in the June quarter amid falling prices and higher raw material costs. UltraTech, Ambuja Cements, and ACC saw increased sales and capacity utilization. Nonetheless, overall revenue growth was limited, and construction activities slowed due to intense heatwaves and elections, hurting profits.
Bharat Forge Q1 Results: Net profit declines 18% YoY to Rs 175 crore
The group secured new orders worth Rs 980 crore across defence, ferrous and aluminium castings and the core forging business, he added
Volume and value growth to converge in second half of Q2FY25: Pidilite
Pidilite Industries Ltd. managing director Bharat Puri expects volume and value growth to align in the second half of Q2 2024, with value growth potentially surpassing volume due to improved product mix. The company reported a 9.6% increase in volume and a 21% rise in net profit to Rs. 571 crores. Export sales were affected by geopolitical tensions and shipping delays.
Mankind Pharma Q1 Results: Net profit jumps 10% to Rs 543 crore
The drug maker reported net profit of Rs 494 crore in the corresponding period of previous year.Revenue from operations rose 12.2% YoY to Rs 2,893 crore in Q1FY25. On a quarter-on-quarter (QoQ) basis revenue and net profit increased 18.5% and 14%, respectively.
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BEL Q1 results: Standalone PAT jumps 46% YoY to Rs 776 crore, revenue rises 20%
BEL Q1 Results 2024: Bharat Electronics (BEL) posted a 46% year-over-year increase in Q1 2024 standalone net profit, reaching Rs 776.14 crore. Revenue climbed 19.6% year-over-year to Rs 4,198.77 crore. However, quarterly net profit and revenue dropped significantly. Shares rose 5% post-results. BEL secured major contracts, including one with Armoured Vehicles Nigam Limited, boosting its order book.
BPCL shares rally 3% despite posting 71% YoY decline in Q1 profit. Should you invest?
BPCL's stock rose 3.5% after reporting a 71% decline in Q1FY25 net profit. Analysts offer varied perspectives, citing concerns over refining performance, market share loss, and significant future capex. The company's financial outlook remains uncertain.
After recent tariff hike, Jio ARPU to get boost: Analysts
Reliance Jio’s robust net profit growth in Q1 FY25 was attributed to lower depreciation and amortization costs and reduced network expenses due to moderated 5G capital expenditures. Analysts expect Jio's recent tariff hikes to significantly boost ARPU in upcoming quarters, with estimates projecting ARPU growth to Rs 201/224/259 by FY25/26/27. Despite concerns over rising selling and distribution costs, Jio’s EBITDA margins improved, driven by efficient cost management and tariff increases. Jio's 5G expansion and new pricing strategies are expected to further enhance revenue and profitability.
Hot stocks: Brokerage view on Infosys, Dalmia Bharat, Havells and ONGC
Citi has maintained a neutral rating on Infosys but increased the target price significantly from Rs 1,550 to Rs 1,850. This suggests they expect the stock price to rise, albeit without a strong buy recommendation. The guidance for future revenue growth was revised to 3-4%, partly due to recent acquisitions.
Stocks in news: RIL, Wipro, Paytm, Infosys, Tata Technologies
Nifty50 reaches 24,800; RIL, Wipro, Infosys, Tata Technologies reveal first-quarter results. Vodafone Idea issues Rs 615 crore in equity shares. Infosys records 3.6% revenue growth, broad-based in constant currency. Tata Technologies' profit falls 15%. CIE Automotive earns Rs 217 crore. JSW Steel's results await.
Chakri Lokapriya says yes to FMCG but no to paints; sticks to leaders in cement
The FMCG sector is poised for growth with rural recovery, but paints face emerging competition. Infosys and TCS may see 2-2.5% revenue growth and gain from a possible US rate cut. Cement volumes grow despite weak pricing. Asian Paints encounters price drops amid competition. Zee Entertainment's fundraising and the RIL-Disney JV impact the sector.
Asian Paints Q1 Results: Cons PAT drops 24% YoY to Rs 1,170 crore; misses estimates
Asian Paints Q1 Results: The paint manufacturer experienced a 2.3% decrease in consolidated revenue from operations for Q1FY25, reaching Rs 8,943 crore, compared to Rs 9,154 crore in the same quarter of the previous year. Standalone net sales also saw a decline of 2.9%, amounting to Rs 7,853 crore. Profitability was also impacted, with the company's consolidated PBDIT falling by 20.2% to Rs 1,694 crore from Rs 2,121 crore in the previous year. This decline resulted in a PBDIT margin of 18.9%, down from 23.2% in the corresponding quarter of the last financial year.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
TCS Q1 profit rises 8.7%; wage hikes, demand slump drag sequential numbers
TCS's June quarter net profit decreased 3.16% to Rs 12,040 crore due to wage hikes for its 600,000-plus workforce; net profit increased 8.7% YoY. Revenue rose 5.4% to Rs 62,613 crore. BSNL deal drove 61.8% India growth. The deal pipeline is $8.3 billion, AI projects at $1.5 billion. Operating margin is 24.7%. Interim dividend Rs 10 per share.
Monsoon is a cyclical headwind, but infra push and M&A are bigger tailwinds for long term investors: 5 cement stocks with upside potential of up to 44%
Cement is a sector which has probably seen maximum mergers and acquisition in the last three years. Right from the second biggest player witnessing a change in ownership, to small players being taken over. With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. Even this week it played on the street, with cement stock witnessing a decline. But the question is whether this correction in stock price gives an opportunity to investors to get into a sector which is witnessing a fundamental shift in terms of how the demand curve pans out. Probably the answer is tilted toward yes for at least some players.
A war of titans builds up in India's cement sector
The UltraTech-India Cements deal comes two weeks after Adani Group unit Ambuja Cement announced acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, adding to its capacity and market share in southern India.
Strong demand in cement for next 1-2 yrs; 5 stocks to bet on: Ronald Siyoni
Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.
Bearing the brunt today, but good for long term: 6 stocks with pedigree from the financial services sector with upside potential of up to 28%
One of the best and probably also the worst part of the presentation of return performance of any stocks or for that matter any asset class is a small change in the date for the calculation and one can show whether the glass is half full or half empty. Probably this is happening with the financial service stocks. In the recent past a number of times they have been shown as under performers. But what is being omitted is the fact that over the long term these are stocks which have delivered very good returns and generated wealth. The reason for their short term underperformance is the fact that these stocks are over owned by FPI and because they are sellers in Indian equities these stocks have been facing pressure. But on a relative basis, the pressure in stock prices is far less as compared to what earlier such selling episodes used to bring. Given the fact that fundamentally these stocks are on strong footing as compared to what they were a few years back, it is better to have a look at them with a long term perspective.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The way mid-cap stocks have performed in the last one week. The biggest question would be whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment. The answer would depend on one thing, election results. The policy continuity will lead to continued re-rating of the mid-cap segment as operationally the working of mid-cap companies have seen maximum improvement in terms of cost of capital which is the biggest factor for a mid cap companies. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
Just because the nifty has been trading in the red for the last few trading sessions, the word correction might be heard on the street. but the fact is that for the last many weeks, there has been a correction which has been taking place on the street. It is a sectoral correction which is taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. Though for all this will hold true only with a condition of policy continuity after elections. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
BEML shares surge 13% after Q4 results impress
BEML shares surged 13% on BSE to Rs 3,636 as it reported a 62% YoY profit increase for Q4FY24, reaching Rs 256.8 crore, alongside a revenue rise and dividend declaration.
Asian Paints shares gain 3% after Q4 results. Should you buy, sell or hold?
Asian Paints Share Price: Asian Paints shares rose 3% to Rs 2,792 despite Q4 results missing estimates, with a 2% YoY increase in net profit to Rs 1,257 crore. Brokerages maintain a 'sell' view due to anticipated decline.
Bharat Forge shares jump over 9%, hit 52-week high on stellar Q4 show
For the full financial year, the profit after tax (PAT) jumped to Rs 910 crore, a 79% uptick over Rs 508 crore reported in the year-ago period. The consolidated revenue from operations stood at Rs 4,164 crore, a 15% YoY gain over Rs 3,629 crore reported in the year-ago period.
SRF Q4 Results: Net profit falls 25% to Rs 422 crore
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement.
Weak pricing drags Dalmia Bharat even as sales volume jump
Dalmia Bharat saw its operating profit made of each tonne of cement sold fall by more than a fifth in the March quarter as weak pricing overshadowed the volume growth clocked in by the cement-maker.
Cement companies likely to report volume driven double-digit profit growth for Q4 aided by lower input costs
Intense competition due to incremental capacity addition and lower than expected demand have been a few key challenges that have restricted the ability of cement firms to raise prices meaningfully. In FY24, average cement price fell by around 1% to Rs359 per 50 kg bag.
Weak pricing to play spoilsport for cement makers despite strong seasonality in Q4
The average prices of cement are down 5-6% in the March quarter as compared with Oct-Dec, with prices trending lower for five consecutive months between November and March.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.
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