NEUEON TOWERS LTD Q4 RESULTS
Indus Towers Rs 2,700 crore-share buyback bids open on Wednesday. Check details
Indus Towers Shares Buyback: Eligible shareholders can now participate in the buyback. The settlement of bids will be completed on or before August 28. Small shareholders are entitled to receive one equity share for every 4 shares they held as of the record date. For general category shareholders, the buyback entitlement ratio is 5 equity shares for every 139 shares held on the record date.
Vi's loss shrinks to Rs 6,432 crore in Q1FY25; subs churn continues
Vodafone Idea reduced its net loss to Rs 6434.4 crore in Q1 FY25 from Rs 7675 crore in the prior quarter. Operating costs remained stable, but the company continued to lose customers. Revenue dipped slightly, and the subscriber base decreased. However, the 4G subscriber count saw a minimal increase.
Bharti Airtel Q1 Preview: Revenue may grow by 3% YoY to Rs 38,488 crore, outlook positive
Bharti Airtel is expected to report a revenue of Rs 38,488 crore for Q1 FY24, marking a 2.6% YoY increase. Net profit estimates range from Rs 2,068 crore to Rs 3,922 crore. Axis Securities has the highest revenue estimate at Rs 38,996 crore, and Prabhudas Lilladher forecasts a decline in adjusted PAT.
Indus Towers Q1 Results: Net profit up 43%, to buy back shares worth Rs 2,640 cr
Indus Towers reported a 43% rise in net profit to Rs 1,926 crore for its fiscal first quarter, mainly due to tower additions from Bharti Airtel’s 5G rollout and overdue collections from Vodafone Idea. Quarterly revenue increased 4.3% to Rs 7,383 crore. The company also approved a share buyback program worth Rs 2,640 crore.
Oberoi Realty shares jump over 6% after robust Q1 results
Its net profit stood at Rs 321.64 crore in the year-ago period. The company's revenue from operations increased 54.4% to Rs 1,405.2 crore against Rs 910 crore in the corresponding period of the preceding fiscal.
Video games on PlayStation 5/4, Xbox X/S/One, PC: Release dates, key details
PlayStation 5/4, Xbox X/S/One and PC users will have new video games to play this week. We have release dates, and key details.
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What to do with RVNL, BSE and 4 other stocks? Religare Broking's Ravi Singh decodes
We recommend avoiding Yes Bank for now. It is prudent to wait and see if it stabilizes above 35 levels along with improved financials before considering any new positions.
Bharti Hexacom Q4 Results: Bharti Airtel arm reports 10% YoY PAT jump to Rs 223 crore
Bharti Hexacom Q4 Results: The company reported a PAT of Rs 202 crore in the year-ago period. Its revenue from operations was reported at Rs 1,868 crore for the quarter, an 8% jump YoY. It is the company's first quarterly earnings since its listing in April.
Paytm shares remain sell-on-rise after 2-day rally: Rupak De
"This high India VIX indicates widespread market fear among traders who have been awaiting the general election results scheduled to be announced on June 4. Historical data of India VIX suggests that the rise may not be over at the current level, implying further corrections might occur in the market. However, a one-sided fall from the current level is less expected."
Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4
Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus' trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vi's past outstandings, ultimately settled in April.
Indus Towers Q4 Results: Net profit grows 19% QoQ to Rs 1,853 crore
Indus’ consolidated revenue for the January-March quarter stood at Rs 7,193 crore, up 6.5% year-on-year. For the fiscal year ended March 31, 2024, the company’s consolidated net profit grew 196% on-year to Rs 6,036 crores..
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Cash-strapped Vi holds out hope for struggling 5G gear companies
Vodafone Idea (Vi) is set to benefit from a slump in demand for 5G network gear globally, including India, which has impacted earnings at companies like Nokia and Ericsson. Despite the Indian telecom operator's financial precariousness, global network equipment vendors are likely to prefer working with Vi, which still has over 200 million users but needs to expand 4G network capacity and start 5G rollouts to compete effectively with rivals Reliance Jio and Bharti Airtel.
Vodafone Idea plans to raise Rs45K crore via equity, debt
The company’s board on Tuesday approved equity fund raise of upto Rs 20,000 crore by way of equity-linked instruments which could be convertible debentures, warrants, or other securities convertible into Equity Shares, Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds.
Walmart's earnings shine as it preps $2.3-billion Vizio acquisition
Shares in the retail giant rose 6% to a record high of $180.31 in early trading after it also gave an upbeat annual sales forecast and announced a 9% rise in its dividend, the biggest increase in more than a decade.
Hot Stocks: Brokerages view on Indus Towers, DLF, Tata Steel, IOC and TVS Motor
Brokerage firm Goldman Sachs maintained a neutral rating on TVS Motor, Jefferies maintained a hold on IOC, Morgan Stanley recommended an Equal Weight rating on IOC, Jefferies has a buy rating on DLF and ICICI Securities downgraded Indus Towers.
Indus Towers Q3 Results: Company reports profit versus loss a year ago
Indus has flagged continued recovery challenges from another key customer (read: Vodafone Idea), saying the latter’s funding plan had still not materialised and it had not made the committed payments pertaining to the outstanding amount due as at December 31, 2022. The telecom tower company’s net profit grew 19% sequentially, from Rs 1,295 crore in the fiscal second quarter to September 2023.
Q2 results, yield movement, FII flows among 7 factors likely to hog Dalal Street this week
Indian benchmark indices ended the week with a net loss of over 1% due to factors such as rising US bond yields, firm crude oil prices, and weak earnings from IT companies. The upcoming week is expected to be volatile as several companies are set to release earnings and the October derivatives expiry is due. The Nifty 50 may trade within a range of 19,300 to 19,850, with the potential for a significant move in either direction
Indus Towers Q1 Results: Profit jumps 182% YoY to Rs 1,348 crore
Indus Towers, one of the world's largest tower operators, has reported its highest quarterly tower additions in history and a 3% YoY increase in consolidated revenue to INR 70.76bn ($942m) for the April-June quarter. While the steady collections have aided the financial performance
Q1 earnings: 26 companies that may report over 100% jump in profit
Domestic brokerage Motilal expects Nifty earnings to grow 25% YoY in Q1. Oil and gas sector may report a 3x surge in profit YoY underpinned by the improvement in marketing margins of OMCs. Auto sector’s earnings may surge 11x YoY during the quarter on a low base.
Airtel's wireless biz to deliver 16% CAGR revenue growth over FY23-25: Analysts
Bharti Airtel is estimated to deliver 16% revenue growth, compounded annually over FY23-25, driven by continued 2G to 4G/5G conversions, said analysts. They added that surprisingly sharp pace of Bharti’s 4G user adds (7.4 million) along with strong postpaid adds (the highest in the 9 quarters) in the January-March period is likely to translate into higher average revenue per user (ARPU) for India
Q4 results today: What's in store for Tata Motors, DLF, Vedanta and Cipla?
Tata Motors is expected to report a net profit of between INR 3,100 to 3,204 crore and revenue growth of up to 34% for Q4 on the back of strong EBITDA expansion across divisions. DLF will post a small increase with reported net profits at INR 477 crore, whereas Vedanta may experience a 48% decline with net profits anywhere between INR 2,168 crore to 2,618 crore. Cipla is expected to report a 5% YoY growth for domestic sales, but Kotak suggests a 16% decline in South Africa for the March quarter.
Chalet Hotels posts revenue from operations of Rs 338 cr for Q4FY23, clocks profit of Rs 39 cr
Chalet Hotels reported strong financial results for the fourth quarter and the financial year 2023. The company saw a 128.3% YoY increase in revenue from operations in Q4, reaching Rs 338 crore. It also reported a profit of Rs 39 crore compared to a loss in the previous year. For the financial year 2023, Chalet Hotels achieved revenue from operations of Rs 1128.4 crore and a profit of Rs 186 crore. The CEO credited the company's success to new investments and expansion into the leisure segment. The company has several upcoming projects in various locations across India.
Indus Towers shares jump 10% post Q4 results. Should you buy, sell or hold?
Indian telecom infrastructure provider Indus Towers saw a 10% increase in its share price after it reported a Q4 net profit of INR 1,399 crore ($185m), representing a 23% YoY decline. The company made an additional provision of INR 43.4 crore towards doubtful debt in the quarter, with industry executives estimating that Vodafone Idea, the company’s biggest customer, owes Indus around INR 7,000 crore. This has led to a wavering outlook regarding Indus’ future success, with some experts suggesting a neutral or reduced rating.
Indus Towers Q4 Results: Net profit falls 23% YoY; Voda Idea dues weigh
Indus’ profit for the January-March quarter was Rs 1,399 crore compared to Rs 1,829 crore in the same period last year. Its revenue for the March quarter was Rs 6,753 crore, down 5% from the March 2022 quarter (Rs 7,116 crore).
Q4 results this week: Nestle, Bajaj Finserv, Maruti, Tech Mahindra, Axis Bank and others
Widely tracked companies like IndusInd Bank, Nestle, Bajaj Finance, Maruti Suzuki, HUL, Axis Bank, Wipro, Tech Mahindra, Kotak Bank and Bajaj Finserv would be releasing their March quarter report cards this week.
Vodafone Idea Q3 preview: Debt-ridden telco may report wider loss
Recently, the government has approved conversion of Rs 16,133 crore interest dues of Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment.
Buy Or Sell: Here's what brokerages say about Airtel after Q3 results
"We remain structurally positive on Indian telecom and Bharti given the consolidation in the sector, which may lead to regular tariff hikes. Maintain buy at SOTP-based PT of Rs 1,009 (Rs 1,039 earlier) as we increase lease debt, but increase India mobile multiple to 8.5x (7.8x earlier)," Prabhudas said.
Indus Towers Q3 Results: Co suffers net loss of Rs 708 crore
As a result, India’s largest telecom tower company has followed a stringent policy for making a doubtful debt allowance in respect of its overdue receivables. The additional Rs 2,298.1 crore provision towards doubtful debt in the December quarter reflects a near 30% jump sequentially. The tower company had made a Rs 1,770.9 crore provision towards doubtful debt in the fiscal second quarter
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