HOAC FOODS INDIA LTD Q4 RESULTS
FirstCry Q1 financials; India Inc’s rush for AI talent
FirstCry reported a 17% jump in its April-June quarter revenue on year. This and more on today’s ETtech Top 5.
FirstCry Q1 results: Cons loss narrows YoY to Rs 57 crore, revenue jumps 17%
Brainbees Solutions, owner of FirstCry, reported a narrower net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore a year ago. Revenue rose 17% to Rs 1,652 crore, while EBITDA saw a significant 106% increase. Annual unique transacting customers grew by 15%, and the company expanded its offline presence.
India's GDP hits 15-month low of 6.7% in Q1FY25
India's gross domestic product grew at 6.7 per cent for Q1FY25. Experts were anticipating moderate growth for this quarter, attributing their expectations to the general elections of 2024, a slump in urban consumption and a previously-sluggish rural growth. The Reserve Bank of India had in August projected India's GDP to grow at 7.1 per cent for the first quarter of fiscal year 2024-25.
Ceigall India shares rally 7% after Q1 PAT jumps 80% YoY
Ceigall India Share Price: Ceigall India's shares rose by 7% on the BSE following the announcement of its first quarterly results, reporting an 80% YoY increase in net profit to Rs 80 crore. Revenue also saw a rise of 26.5% to Rs 822.40 crore. The company has won Rs 1,042 crores worth of new project orders in Kanpur and Bhuvaneshwar.
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.
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.
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Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai
Hindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soared 31% year-on-year to Rs 7,992 crore. MD Satish Pai stated that the company will stick with its Rs 600 crore guidance, focusing on profitability rather than top-line growth as aluminium prices influence revenue unpredictably.
Info Edge Q1 Results: Cons PAT jumps 47% YoY to Rs 233 crore, revenue rises 8%
The company's standalone net profit increased by 16% year-on-year to Rs 232 crore in the April-June quarter, compared to Rs 200 crore in the same period last year. Standalone revenue also grew by 9.3% to Rs 639 crore during the quarter, up from Rs 584 crore in the corresponding quarter of the previous fiscal year.
Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12%
At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal.
Moneyboxx Q1 Results: Company reports Rs 4.30 cr profit
The company said it is supported by 33 lenders, including prominent banks such as State Bank of India, HDFC Bank, Kotak Mahindra Bank, RBL and IDFC First Bank.
Jubilant FoodWorks Q1 Results: Profit plunges 31% YoY to Rs 51.5 crore; revenue jumps 10%
The pizza company saw a 10% year-over-year increase in operational revenue during the quarter, reaching Rs 1,439.6 crore, primarily driven by 8.5% growth in its India operations. EBITDA rose slightly by 0.7% to Rs 278.2 crore, though margins decreased by 1.8 percentage points compared to the same period last year.
SAIL Q1 Results: Net profit slumps 93% YoY to Rs 11 crore on weak pricing, exceptional item
The steel maker had an exceptional loss of Rs 312 crore. The state-owned steel company reported a 3% year-on-year increase in steel sales during the quarter, reaching 4.01 million tonnes. Despite a slight 1.5% decrease in revenue to Rs 23,998 crore, the company's core operations remained strong with a 15% rise in earnings before interest, tax, depreciation and amortisation (EBITDA) to Rs 2,420 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
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.
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.
Marico Q1 Results: Cons PAT up 9% to Rs 464 crore on cooking, hair oil demand
India's Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year.
Bharti Airtel Q1 Results: Cons PAT soars 158% YoY to Rs 4,160 crore, ARPU at Rs 211
Bharti Airtel Q1 Results: While an ET Now poll estimated a profit of around Rs 3,661 crore, the actual profit for the reporting period surpassed this, with revenue from operations growing 3% year-on-year to Rs 38,506 crore. This figure is marginally below the poll's revenue estimates of Rs 38,523 crore. In the first quarter of the previous fiscal year, the company reported a profit of Rs 1,612 crore and revenue of Rs 37,440 crore.
BoI posts 10% YoY rise in Q1 net profit
Net Interest Income (NII), or the difference between the income earned on lending and cost of borrowing, increased 6% from a year ago to ₹6,275.8 crore, the bank said on Saturday.
SBI Q1 Results: PAT rises marginally YoY to Rs 17,035 crore, beats estimates
SBI Q1 Results: The public sector lender reported PAT at Rs 16,884.29 crore in the year-ago period. The Street had estimated PAT at around Rs 16,786 crore. During the reported quarter, the interest earned amounted to Rs 1,11,526 crore, marking a 16% increase compared to the Rs 95,975 crore reported by the lender in the same quarter of the previous financial year. The bank's interest expenditure for the April-June quarter was Rs 70,401 crore, up from Rs 57,041 crore, representing a 23% year-over-year increase.
Adani Enterprises to demerge food FMCG biz, integrate it with Adani Wilmar
The demerger scheme also includes Adani Enterprises' strategic investment in Adani Commodities. The demerger will also provide scope for independent collaboration and expansion, it said.
Coal India Q1 Results: Profit rises 4% YoY to Rs 10,959 cr, beats estimates
Coal India Q1 Results: Revenue from operations during the April-June 2024 period was up marginally year-on-year to Rs 36,465 crore. Sequentially, net profit increased by 26% from Rs 8,682 crore reported in the previous March quarter. Meanwhile, revenue declined by 3% quarter-on-quarter. The company reported consolidated EBITDA of Rs 14,339 crore for the reporting quarter, with margins at 39.3%.
Sapphire Foods India Q1 Results: Pizza Hut operator misses profit estimates on weak demand, surging costs
The Yum Brands franchisee's consolidated net profit fell 68% to Rs 8.52 crore ($1.02 million) for the quarter ended June 30. Analysts, on average, had expected a profit of Rs 17.39 crore according to LSEG data.
Q1 results today: HUL, Bajaj Finance among 34 companies to announce earnings on Tuesday
Q1 Results Today: HUL, Bajaj Finance, ICICI Sec, and ICICI Pru Life will release Q1 results. HUL's profit is estimated at Rs 2,479-2,562 crore, revenue Rs 14,925-15,451 crore. Bajaj Finance expects 26% net interest growth, 30% AUM rise. EBITDA to grow 0.4% YoY. Parag Milk Foods, Gard Furnace, Thyrocare Technologies to report, Bajaj Finance's March profit was Rs 3,824 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.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
HOAC Foods shares list at 206% premium over IPO price
HOAC Foods shares listed on NSE SME platform at 206% premium over IPO price. The company handpicks raw materials for organic spices and works with Kfin Technologies. FMCG sector is growing, and GYR Capital managed the issue. The company reported revenues of Rs 11.48 crore and net profit of Rs 74 lakh.
Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
181 companies, including IndiGo and ITC, will announce their quarterly earnings for Jan-Mar 2024. IndiGo is expected to post healthy earnings, while ITC may see muted revenue growth.
Patanjali Foods Q4 Results: Net profit falls 22% YoY to Rs 206 crore; revenue rises 4%
Patanjali Foods Q4 Results: The company reported a PAT of Rs 264 crore in the year-ago period. From Rs 7,873 crore posted in the same period last year, its revenue from operations rose 4% YoY to Rs 8,222 crore in the quarter under review. The Food and FMCG segment achieved an ever highest quarterly revenue of Rs 2,705 crore in the fourth quarter.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
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