NEW HEAVEN CHEMICALS AND INDUSTRIES LTD Q3 RESULTS
Aarti Industries bets big on large deals, capacity expansion amid bleak short term prospects
Aarti Industries, a manufacturer of specialty chemicals, has declined nearly 16% since its June quarter results. Despite revenue and profit growth, concerns over Chinese excess supply have led analysts to cut earnings estimates. The company continues to push forward with capex plans and long-term deals to drive future growth.
Unicommerce Esolutions Q1 results: PAT jumps 31% YoY to Rs 3.5 crore, revenue up 9%
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 30, 2024, which was up by 31% from Rs 2.7 crore reported by the company in the year ago period.
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.
Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook
The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector's outperformance.
No triggers for upside in crude-related stocks; rough time chemical stocks: Sandip Sabharwal
Sandip Sabharwal discussed recent performance trends in various sectors, noting disappointing outcomes for OMCs and the potential for continued undervaluation in M&M auto stocks. He expressed concerns about the chemical and real estate sectors facing challenges due to weak demand and tight liquidity. The article provides insights on potential movements within these industries.
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.
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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.
Siemens Q3 results: PAT grows 25% to Rs 531 crore
Siemens saw a 25% rise in profit after tax at Rs 531 crore for the April-June quarter, driven by higher revenues. The company's revenues increased by 7% to Rs 4,714 crore, and new orders were up by 18% at Rs 6,245 crore. The CEO noted strong performance across businesses, except in the Digital Industries segment.
Siemens India Q3 FY24 net profit jumps 27% YoY to Rs 578 crore
The company follows an October–September period to report its quarterly results. Total revenue was up 7% at Rs 5203 crore against Rs 4873 crore. The company’s new orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year. Revenue from energy segment declined from Rs 1,518 crore to Rs 1,485 crore year-on-year.
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.
Honasa Consumer Q1 Results: Cons PAT zooms 63% YoY to Rs 40 crore, revenue jumps 19%
Mamaearth Q1 Results: Parent company Honasa Consumer reported a consolidated net profit increase of 63% to Rs 40 crore for the April-June 2024 quarter. Revenue from operations rose by 19% to Rs 554 crore. The product business grew by 20.3% with an EBITDA margin expansion of 201 bps to 8.3%.
Grasim Q1 Results: Firm reports Rs 52 cr standalone loss versus Rs 355 cr yr-ago profit
Grasim experienced a Rs 52.12 crore standalone loss in the June 2024 quarter, falling from a Rs 355 crore profit a year ago. Revenue grew 11% YoY to Rs 6,894 crore, driven by its diversified businesses. However, the chemicals segment saw a revenue decrease. Grasim shares were up 1.17% to Rs 2,574.45 on NSE.
LIC stock portfolio surges to Rs 15 lakh crore, 95 stocks sold in Q1
Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.
Q1 results today: Grasim, Info Edge among 306 companies to announce earnings on Friday
The earnings season for the first quarter has commenced with 306 companies, including Trent, Grasim, and Info Edge, reporting their results. Grasim's net profit is projected to range from Rs 104-231 crore, despite a potential YoY decline. Revenue is expected to increase, though profits may be hindered by higher losses in some divisions.
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.
Shree Cement shares drop over 3% after 51% YoY decline in Q1 PAT. Should you invest?
Shree Cement faced a 4% drop in shares as it posted a 51% decrease in net profit for the June quarter, down to Rs 278.6 crore. Revenues saw a slight increase to Rs 5,123.9 crore, but higher expenses offset gains. Brokerages had varied opinions, noting concerns about weak demand and geographic expansion.
Q1 results today: Bharti Airtel among 109 companies to announce earnings on Monday
Q1 Results Today 05 August: In the first quarter earnings season, 109 companies released their financial results. Bharti Airtel was projected to achieve Rs 38,488 crore in revenue for Q1 2024, showing a 2.6% annual rise. Estimated net profits varied between Rs 3,922 crore and Rs 2,068 crore, with challenges noted in the DTH sector and ARPU stabilization.
Q1 results, IPO action among 10 factors that will steer D-Street this week
The Street will react to major earnings reports from SBI, Divi’s Laboratories, Titan, and Britannia when markets resume trading on Monday. Additionally, 922 BSE-listed companies will announce April-June earnings, including Bharti Airtel and Tata Power. Indian markets will take cues from US market closures and GIFT Nifty futures.
Delhivery Q1 Results: Company swings to black, posts Rs 54 crore profit, revenue jumps 12% YoY
Delhivery Q1 Results Q1FY25: Its revenue from services jumped 12.6% year-on-year (YoY) to Rs 2,172 crore, up from Rs 1,930 crore in the same quarter of the previous year. | Quarterly Reports Latest News
Adani Enterprises Q1 Results: Cons PAT zooms 116% YoY to Rs 1,454 crore
Adani Enterprises Q1 FY25 Results: Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22644 crore in the corresponding period of last year.
Dabur Q1 Results: Cons PAT rises 8% YoY to Rs 500 crore, meets Street estimates
Dabur Q1 Results: The company had posted a net profit of Rs 463.88 crore in the year-ago period. The revenue from operations for the reported quarter saw a jump of 7% to Rs 3,349.11 crore. It was Rs 3,130.47 crore in the corresponding quarter of the previous financial year. The stock was trading at Rs 645.05 on the NSE, a gain of 1.47% over Wednesday’s closing price.
VST Industries shares jump 7% on bonus share announcement, Q1 results
VST Industries' shares surged 7.4% after the company announced a 10:1 bonus share issue, despite reporting a 36% YoY decline in PAT for the June quarter. The record date for determining shareholder eligibility is August 30. Shares will be credited by September 24.
RIL shares fall 3% after subdued Q1 results but target prices go up to Rs 3,786
Reliance Industries shares dropped 3% to Rs 3,019 on BSE as it reported a 5% YoY profit decline, missing Street estimates for Q1. Jefferies lowered target price to Rs 3,525 citing retail underperformance and subdued oil-to-chemicals outlook. Nuvama set the highest target at Rs 3,786. Macquarie maintained a neutral stance, targeting Rs 2,750, citing potential downside to consensus EPS.
Lower fuel cracks, tepid global demand and new refineries impacted Reliance's core O2C business: Mukesh Ambani
Reliance Industries' Q1 profit dropped to Rs 15,138 crore, a 5% year-on-year and 20% quarter-on-quarter decline from March's Rs 18,951 crore. The O2C segment experienced a 14.3% EBITDA fall due to lower fuel and petrochemical margins. Petrol margins decreased by 30%, depreciation was Rs 13,596 crore, and finance costs rose despite telecom and retail gains.
RIL Q1 Results: PAT drops 5% YoY to Rs 15,138 crore; revenue jumps 12%
RIL Q1 Results: Mukesh Ambani-led Reliance reported a 5% decrease in its consolidated net profit for the quarter ending June 2024, amounting to Rs 15,138 crore compared to Rs 16,011 crore in the same period last year. Despite this, revenue from operations grew by 12% YoY to Rs 2.36 lakh crore. The reported profit fell significantly short of Street expectations of around Rs 16,341 crore.
Mukesh Ambani-led RIL to declare Q1 results on July 19
RIL Q1 Results Date: RIL's board will meet on July 19 to approve its June quarter results. RIL shares ended at Rs 3,163.50 on the NSE on Thursday, down by Rs 3.40 or 0.11% from the previous closing price.
Tata Elxsi Q1 Results: Net profit falls 3% YoY to Rs 184 crore
Tata Elxsi Q1 Results: Revenue from operations for the reporting period grew by 9% year-on-year, reaching Rs 926 crore compared to Rs 850 crore in the same period last year. Sequentially, net profit for the quarter dropped by 6% from Rs 196 crore in the preceding December quarter. However, revenues increased by 2% quarter-on-quarter. Total expenses for the first quarter rose by 13% year-on-year to Rs 706 crore, compared to Rs 624 crore in the same quarter last year.
DCM Shriram Industries Q4 Results: Profit rises 23% to Rs 39 crore
DCM Shriram Industries reported a 23% increase in consolidated net profit to Rs 38.64 crore for Q4 of the 2023-24 fiscal, driven by lower expenses.
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
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