HAS LIFESTYLE LTD Q1 RESULTS
![Zomato captains India Inc’s dream Team XI with over 1,000% profit growth](https://img.etimg.com/thumb/msid-112793975,width-100,height-75,resizemode-4/markets/stocks/news/zomato-captains-india-incs-dream-team-xi-with-over-1000-profit-growth.jpg)
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](https://img.etimg.com/thumb/msid-112727284,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-results-shocker-40-companies-report-more-than-50-drop-in-profit.jpg)
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.
![Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?](https://img.etimg.com/thumb/msid-112622152,width-100,height-75,resizemode-4/markets/stocks/earnings/railway-sector-q1-review-average-pat-decline-16-qoq-revenue-down-24-what-are-your-cues.jpg)
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
![LIC plays the price game for growth, margins take a back seat, for now](https://img.etimg.com/thumb/msid-112616859,width-100,height-75,resizemode-4/markets/stocks/earnings/lic-plays-the-price-game-for-growth-margins-take-a-back-seat-for-now.jpg)
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.
![Ola Electric Q1 Results: Cons loss widens to Rs 347 crore YoY, revenue jumps 32%](https://img.etimg.com/thumb/msid-112523256,width-100,height-75,resizemode-4/markets/stocks/earnings/ola-electric-q1-results-cons-loss-widens-to-rs-347-crore-yoy-revenue-jumps-32.jpg)
Ola Electric Q1 Results: Cons loss widens to Rs 347 crore YoY, revenue jumps 32%
Ola Electric Q1 Results: The EV two-wheeler maker had reported a net loss of Rs 267 crore in the last-year period. Revenue grew 32.3% to Rs 1,644 crore. The loss, however, narrowed compared to the previous quarter's Rs 416 crore. The company faced a 27% year-over-year increase in total expenses.
![SpiceJet Q1 Results: Profit falls 20% YoY to Rs 158 crore, revenue down 15%](https://img.etimg.com/thumb/msid-112524323,width-100,height-75,resizemode-4/markets/stocks/earnings/spicejet-q1-results-profit-falls-20-yoy-to-rs-158-crore-revenue-down-15.jpg)
SpiceJet Q1 Results: Profit falls 20% YoY to Rs 158 crore, revenue down 15%
SpiceJet Q1 Results: Budget carrier SpiceJet Ltd reported 20% decline in its consolidated net profit at Rs 158 crore in the first quarter ended June 2024. The same stood at Rs 198 crore in the last year period.
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Dish TV records net loss of Rs 1.6 crore in Q1
Dish TV Q1 Results: Dish TV experienced a net loss of Rs 1.6 crore in the June quarter, a significant decline from the Rs 21 crore profit in the same period last year. Operating revenue fell by 9%, mainly due to decreased subscription revenue. The board has approved raising Rs 1,000 crore through various means, including equity shares and debentures.
Mazagon Dock Q1 Results: PAT skyrockets 121% YoY to Rs 696 crore, revenue rises 8.5%
Mazagon Dock Q1 Results: Revenue for the period was reported at Rs 2,357 crore. EBITDA saw a 273.5% jump. Shares rose 3%, driven by robust financial performance, with notable growth over the past year. The company's total income rose to Rs 2,628 crore, up from Rs 2405.42 crore in the corresponding period of the last year.
Apollo 24/7 GMV to go up to Rs 1,000 cr per quarter over next 18 months: Suneeta Reddy
Apollo Hospitals' Suneeta Reddy forecasted a 5% price impact for next quarter, citing the recent muted performance from elections and a heatwave. Regional occupancy and margins varied, with Nashik serving as a referral center. Apollo 24/7 aims for Rs 1,000 crore quarterly in six quarters. AHLL is on an improving revenue trajectory despite new centers impacting margins.
Hindalco Q1 Results: Cons PAT jumps 25% YoY to Rs 3,074 crore, revenue rises 8%
Hindalco Q1 Results: The Aditya Birla Group company's revenue from operations increased 7.6% to Rs 57,013 crore, and EBITDA surged 31% to Rs 7,992 crore. The India business achieved a 102% rise in consolidated PAT to Rs 1,957 crore.
Samvardhana Motherson Q1 Results: Net profit jumps 65% YoY to Rs 994 crore; revenue rises 29%
Samvardhana Motherson Q1 Results: Auto components maker Samvardhana Motherson International on Tuesday posted a 65% year-on-year (YoY) jump in consolidated net profit to Rs 994 crore for the June quarter of FY25. The company had reported a net profit of Rs 601 crore in the June quarter of the last fiscal.
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.
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.
Sun TV Q1 Results: Profit falls 6% YoY to Rs 560 cr, revenue dips to Rs 1,276 crore
Ad revenue for the quarter was down 5% to Rs 323 while domestic subscription revenue declined 2% to Rs 425 crore. The company's board of directors has declared an interim dividend of Rs 5 per share on a face value of Rs 5 per share.
Muthoot Microfin Q1 Results: Net profit rises 18% YoY to Rs 113 crore
The lender's total income grew 33.5% at Rs 641 crore. Pre-provision operating profit was 50.4% higher at Rs 223 crore.
Grasim Industries Q1 Results: Profit slides by a fourth to Rs 1,189 crore on investment in paints ops
The flagship company of the Aditya Birla launched its paints operations ‘Birla Opus’ towards the end of the March quarter, and April-June was its first quarter of full operations. The company has spent Rs 7,795 crore on its paints business as of June-end, approximately four-fifth of the total planned expenditure for these operations.
Trent Q1 Results: Profit zooms 131% YoY to Rs 342 crore, revenue soars 57%
Trent's net profit surged by 131% YoY to Rs 342 crore for Q1 ended June 2024, with revenue from operations rising 57% YoY to Rs 3,992 crore. The company expanded to 178 cities, with emerging categories now contributing over 20% to revenues. Trent shares increased 8.7% post-results announcement.
Eicher Motors Q1 Results: Cons PAT jumps 20% YoY to Rs 1,101 crore, beats estimates
Eicher Motors Q1 Results: ET Now had an estimated PAT of around Rs 1,031 crore. The two-wheeler manufacturer reported total revenue from operations of Rs 4,393 crore for the quarter, marking a 10% increase from Rs 3,986.37 crore in the same quarter of the previous financial year. This revenue figure also exceeded Street estimates, which were Rs 4,268 crore.
JB Pharma Q1 Results: Net profit jumps 25% YoY to Rs 177 crore
The drug maker had reported a net profit of Rs 142 crore in the year-ago period.Revenue for the quarter rose 12% YoY to Rs 1004 crore
Page Industries Q1 Results: Net profit rises 4.3% YoY to Rs 165.22 crore
The revenue increased by 3.9% from Rs. 1,229.07 crores to Rs. 1,277.52 crores in the period under review. The sales volume grew by 2.6% year-on-year to 5.74 crore pieces
Alembic Pharma Q1 Results: Net profit rises 12% YoY to Rs 135 crore
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 14% YoY to Rs 239 crore, while the EBITDA margins contracted 540 basis points on y-o-y basis to 15.3%
RVNL Q1 Results: Profit falls 35% YoY to Rs 224 crore; revenue drops 27%
RVNL Q1 Results: State-owned RVNL reported a 35% drop in cons net profit to Rs 224 crore for Q1 June 2024, down from Rs 343 crore in the same quarter last year. Revenue from operations fell 27% to Rs 4,074 crore from Rs 5,572 crore year-over-year. Sequentially, net profit decreased 53% from Rs 478 crore in the March 2024 quarter, while revenue dropped 39% from Rs 6,714 crore.
Grasim Industries Q1 preview: Revenue uptick seen at 17-25% YoY, PAT may fall on losses in VSF, paints biz
Grasim Industries' net profit for Q1 ending June 30, 2024, is projected to be between Rs 104 crore and Rs 231 crore, with revenue expected to see a 17%-25% YoY increase. However, losses in the VSF and paints segments are likely to pull down the PAT figures, compounded by weak operating margins.
LIC to declare Q1 results today. Here's what to expect from PSU insurer
Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.
Godrej Consumer Q1 Results: Cons PAT jumps 41% YoY to Rs 451 crore, revenue rises 8%
The company said that consolidated net profit without exceptional items and one-offs grew by 14% year-on-year, while EBITDA grew by 13%. The home care category grew at 8% YoY, personal care at 6% yoy, the total branded category at 7% yoy, and the unbranded and exports category at 121% yo-y. The total net sales increased by 9% y-o-y to Rs 2,140 crore.
Godrej Consumer Q1 Results: Profit jumps 41% YoY to Rs 451 crore; company declares Rs 5 interim dividend
Godrej Consumer Q1 Results: Godrej Consumer reported a 41% rise in consolidated net profit, reaching Rs 451 crore for the first quarter ending June 2024, compared to Rs 319 crore in the previous year. However, revenue from operations declined by 3% to Rs 3,332 crore. An interim dividend of Rs 5 per share is set to be paid by September 6.
PB Fintech Q1 Results: Policybazaar parent posts cons PAT of Rs 60 crore versus YoY loss; revenue jumps 52%
During the April-June quarter, the company witnessed significant 62% year-over-year increase in total insurance premium, reaching Rs 4,871 crore. The new core online insurance premium surged by 66%, while new health and life insurance premiums experienced an even more substantial 78% growth. Additionally, the company disbursed Rs 3,100 crore in credit and issued 1.3 lakh credit cards during the same period.
Devyani International Q1 Results: Company reports net profit of Rs 22 crore versus loss YoY; revenue jumps 44%
For the June quarter, the company reported revenue from operations of Rs 1,222 crore, a 44% increase year-on-year, driven by improved ADS and store additions. In the corresponding quarter of the previous year, revenue was Rs 847 crore. Consolidated EBITDA for the quarter was Rs 220 crore, with margins at 18.3%, reflecting a 1.7% improvement compared to the previous quarter.
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