HINDUJA FOUNDRIES LTD Q4 RESULTS
Generative AI’s opportunity lies where there are shortages of manpower: HGS CEO
HGS CEO Partha DeSarkar cited examples of areas with lower productivity due to staff shortages, and mentioned that HGS is testing AI solutions with clients in areas like conversational AI, loan processing, and document processing.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
Ashok Leyland MD on Q1 results, plans to list subsidiaries & more
Ashok Leyland, led by CEO Shenu Agarwal, expressed strong potential in its subsidiaries like Hinduja Leyland Finance, Hinduja Housing Finance, and Hinduja Technologies. Despite election impacts, Q1 volumes hit record highs. Prospects look promising for FY25. Agarwal also says that a lot of positive momentum is building and he expect sQ2 also will be good.
Ashok Leyland Q1 Results: Profit falls 9% YoY to Rs 526 crore, misses estimates
Ashok Leyland reported a 9% YoY decline in net profit to Rs 526 crore for Q1 ending June 2024, missing estimates. Revenue rose 5% to Rs 8,599 crore. The company saw strong demand across all segments, contributing to its highest-ever Q1 CV volumes. EV subsidiary Switch Mobility launched its second e-LCV. Shares traded slightly lower.
Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
Ashok Leyland Q4 Results: Net profit jumps 20% to Rs 900.41 crore
Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.
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Ashok Leyland Q4 Results: Net profit rises 17% to Rs 934 crore
Ashok Leyland reported a 16.73% increase in Q4 net profit to Rs 933.69 crore. FY24 net profit was Rs 2,696.34 crore with a revenue of Rs 45,790.64 crore. Managing Director Shenu Agarwal and Chairman Dheeraj Hinduja expressed optimism about the company's future prospects.
Q4 results today: SBI, Asian Paints among 69 companies to announce earnings
Q4 results today: On Thursday, State Bank of India (SBI), the foremost public sector lender in India, will be among the 69 companies set to unveil their financial results for the quarter ending March 2024. Investors will also keep a close eye on companies like Asian Paints, BPCL, and Indian Overseas Bank as they announce their results.
Suzlon Energy shares hit 5% upper circuit after Q2 profit rises 79% YoY. What should investors do?
Suzlon said its service business continues to do well while forging and foundry business SE Forge consolidated on its foundation for future growth. The company has a net cash of Rs 599 crore by September 2023, which is a marked shift from net debt of Rs 1,180 crore in March 2023.
Texmaco Rail & Engineering shares zoom 12% on strong Q2 results
Its revenue from operations for the second quarter of FY24 saw a 66.32% growth, reaching Rs 805 crore compared to Rs 484.4 crore in Q2FY23.
Cost savings boosted Ashok Leyland's margin, will help sustain momentum: Executive chairman Dheeraj Hinduja
"We are expecting to continue our performance in terms of double-digit Ebitda margins, for this year. We have been able to get there due to a combination of cost-saving measures and a good performance of our AVTR range of trucks, which in turn has allowed us to price our products well," executive chairman Dheeraj Hinduja told ET.
Ashok Leyland Q1 Results: Profit rises multifold to Rs 576 crore, revenue up 14% YoY
Its revenue from operations during the reporting quarter surged 13.5% YoY to Rs 8,152 crore as against Rs 7,189.3 crore in the same quarter a year ago.
IndusInd Bank Q1 Preview: PAT may rise 29% YoY on strong loan book, stable asset quality
Expect provisions to keep declining, led by lower slippages and better asset quality trends. Both the MFI and vehicle finance portfolio is showing improving trends. Building in slippages of 2.2% (Rs 16 billion). The key focus area would be the cost of funds given the sharp rise in raising deposits and ability to sustain current levels of loan growth
Should you buy, sell or hold Ashok Leyland shares after PAT slips in Q4?
Ashok Leyland reported a 17% YoY fall in net profit in its Q4FY23. Despite this, several brokerages remain optimistic about the Indian vehicle maker's stock, with JP Morgan maintaining an 'overweight' call and Nomura and Jefferies advocating a 'buy' stance on the counter. The fall in the bottom line was primarily because the company accrued a one-time gain in the same quarter last year, and revenue from operations rose 33% YoY. The company's market share in trucks and buses also showed improvement YoY, and its light commercial vehicle volumes grew 18% in the reported quarter.
Ashok Leyland Q4 Results: PAT falls 17% YoY to Rs 751 crore, sales rise 33%
Ashok Leyland, a commercial vehicles manufacturer, recorded a 17% decline YoY in net profit to INR751.41 crore during the March quarter despite reporting a rise in revenue. Raw material expenses contributed significantly to the total expenses, surging to INR8,080.2 crore YoY from INR6,430 crore. For the fiscal year 2022-23, the firm's net profit surged more than twofold to INR1,380 crore, and revenue rose 67% to INR35,977 crore.
Q4 results this week: LIC, Shree Cements, Vodafone Idea, Sun Pharma, M&M, Nykaa and others
Several popular companies such as ONGC, M&M, Vodafone Idea, HUDCO, Shree Cements, BPCL, LIC, Nykaa, and Hindalco among others, are expected to release their quarterly earnings report later this week. The list of companies to report their results on each day include names such as Ashok Leyland, Sun Pharma, Aditya Birla Fashion and Retail, Grasim Industries, Radico Khaitan, Finolex Industries, and Hindustan Tin Works amongst others, during the period of May 22-27.
Q4 results, Fed minutes among 7 factors to drive D-Street traders' strategy in a volatile market this week
Volatility is expected in the Indian stock market as investors react to RBI's decision to recall Rs 2,000 banknotes. A number of companies will release their quarterly results in the coming week which should drive individual stock prices. The US Federal Reserve will reveal the minutes of its meeting and discussions around the raising of the debt ceiling in the US will be closely watched. The week will also see the expiry of the May derivative series, which will likely create market volatility.
Adani Enterprises Q4 profit surges 138%
The company, which acts as an incubator for new businesses for the ports-to-cooking-oil conglomerate, reported a consolidated net profit of ₹722 crore for the January-March quarter, up 138% compared with ₹304 crore a year earlier.
Tech earnings a mixed bag in Q3 & other big stories this week
Most of the listed tech companies have seen stock valuations halve as investors dumped them in favour of established businesses.
Ashok Leyland Q1 Results: Profit at Rs 96 crore
The company said its domestic light commercial vehicle (LCV) volumes stood at 14,384 units, up 66 per cent from the same period a year ago.Export volume of both medium and heavy commercial vehicles (MHCV) and LCV in first quarter stood at 2,527 units, 76 per cent higher from April-June 2021-22.
Ashok Leyland turns the corner in Q4 but remains in the red for the second consecutive year
It reported a consolidated profit of Rs 158 crore for the quarter ending 31 March, down 58% year-on-year. Consolidated revenue for the quarter grew by 22% year-on-year to Rs 9,927 crore, led by higher sales as well as price increases.
Ashok Leyland Q4 Results: Net profit soars 274% YoY to Rs 901.4 cr
Revenue from operation of the Hinduja Group firm climbed 24.90 per cent from Rs 7,000.49 crore to Rs 8744.29 crore in the corresponding quarter last year.
Samsung Electronics Q4 profit jumps on server chip demand, foundry margins
The world's largest memory chip and smartphone maker estimated October-December profit at 13.8 trillion won ($11.5 billion), which would be tech giant's highest fourth-quarter operating profit since Q4 2017.
Samsung likely to report best Q4 profit on solid chip demand
Operating profit for the world's biggest memory chip and smartphone maker will likely hit 15.2 trillion won ($12.7 billion) in the quarter ended December
Hinduja Global shares hit upper circuit after strong Q4 show
The BPO arm of the diversified Hinduja Group, saw its consolidated net profit almost triple to Rs 130.3 crore in the March 2021 quarter.
Hinduja Global Solutions Q4 results: Net profit zooms to Rs 130 cr
HGS' revenue from operations grew 21.6 per cent to Rs 1,563.5 crore in the quarter under review, as against Rs 1,285.7 crore in the year-ago period.
Gulf Oil Q4 results: PAT rises 66% to Rs 60 crore
The revenue during the period under review grew 43.9 per cent to Rs 517.43 crore, the highest ever in any quarter, as against Rs 359.64 crore clocked in the March quarter of the earlier fiscal.
Hinduja Global Solutions Q2 results: Net profit up 66% at Rs 81 cr
Its revenue increased 9.4 per cent to Rs 1,332.5 crore during the quarter under review from Rs 1,217.9 crore in July-September quarter a year ago.
Ashok Leyland Q4 results: Reports standalone loss of Rs 57 crore
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 81% to Rs 183 crore.
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