NEXUS SURGICAL AND MEDICARE LTD Q1 RESULTS
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 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:
3M India Q4 Results: 'Post-it' maker posts profit rise; shares surge
3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge
Do Dr Lal Pathlabs' results indicate a turnaround for the sector? 4 stocks from diagnostic space, 3 with upside potential of up to 31%
Some sectors have a company which can be called as the bell weather of that sector and that is why its results of that company probably are indicative of what is happening in the sector. In case of the diagnostic, it is probably the Dr Lals path labs which would fit the criteria, it has national presence, large network, present in both physical and digital segment. So when the quarterly numbers come and they show improvement on many fronts then probably it is time to have a look at them more seriously and see if there is a possible turnaround building in the sector. This became even more important because these stocks had gained extremely high valuation and also popularity in terms of both retail and institutional participation. But then for close to two years, they have been a strong under performer in a strong bull market. Does this result mean that finally in terms of price war for customer acquisition over and now the valuation readjustment will start in the upward direction.
Anand Rathi initiates coverage on 6 hospital stocks with upside potential of up to 25%
Anand Rathi initiates coverage on 6 hospital stocks, recommending 'buy' for Max Healthcare, Rainbow Children’s Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting 'hold' for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite India's healthcare market potential, driven by demographic changes and non-communicable diseases, forecasting 15% CAGR to Rs 7.7 lakh crore by FY25.
TCS Q4 net profit up 9%; two partners leave Lightspeed
Revenue from operations saw a marginal 3.5% year-on-year increase to Rs 61,327 crore. In constant currency terms, TCS clocked a revenue growth of 2.2% in the March quarter. The growth was led by the India business (up 38%), followed by the UK (6.2%).
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Nexus Select Trust records best-ever quarterly tenant sales of Rs 3,300 crore in Q3
India's first listed retail Real Estate Investment Trust (REIT), Nexus Select Trust, has reported a record-high quarterly tenant sales of Rs 3,300 crore, marking an 8% YoY increase. The REIT achieved its highest-ever retail occupancy of 97.3% and saw a 14% YoY growth in net operating income. It is on track to meet its financial year 2023-24 guidance and has declared a distribution of Rs 303 crore for the third quarter. Nexus Select Trust has also refinanced debt, resulting in annual savings of Rs 11.5 crore. The REIT's portfolio includes 17 Grade-A urban consumption centres and has a tenant base of over 1,000 brands.
SpiceJet Q2 Results: Net loss narrows to Rs 449 crore; revenue falls 27% YoY
The company had posted a profit of Rs 198 crore in the preceding June quarter. During the quarter, the passenger RASK increased by 11% due to increase in yield by 8% and load factor by 3%. The airline has launched 13 new routes during the quarter. In the planned and phased infusion of fresh capital of Rs 500 crore by the promoter, Rs 200 crore has already been received by the company.
Ashneer Grover, wife stopped at Delhi airport; Walmart’s Q3 report card
BharatPe’s embattled cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi airport from travelling to New York. This and more in today’s ETtech Top 5.
Q2 Results on Friday: What to expect from M&M, Coal India, LIC and Hindalco
Among index majors, Coal India, Eicher Motors, Hindalco Industries, Mahindra & Mahindra, and Oil and Natural Gas Corp are set to release their quarterly numbers.
Nexus Select Trust Q2 Results: Net operating income jumps 17% YoY to Rs 390.9 crore
The company’s retail leased occupancy improved by 120 basis points from a year ago. India’s first listed retail REIT has signed a non-binding term sheet to acquire three Grade-A consumption centres in southern India.
Rapido's cab-hailing entry; Amazon's Q3 show with overseas push
Ride-hailing platform Rapido, known for venturing into this space with bike taxis, is now testing cabs on its platform. This and more in today’s ETtech Top 5.
Bears waking up? Here are 7 largecap stocks with right mix of RoE & RoCE
It is a well known fact that equities are fraught with risk. But the word “risk” also needs to be further looked into. In equities the risk is more in the short term, over longer term, it is not very high. Also, when diversified in the manner that exposure is to different segments of an economy, risk of a sharp decline in value comes down. Another way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
Stars of Indian IT companies dim amid challenging demand situation
A spate of geopolitical conflicts and macro-economic concerns have combined to dent the demand for tech services, putting Indian IT majors on the edge for FY24.
Muted Q2 show from Wipro, LTIMindtree; PhonePe FY23 revenue surges
Two major Indian IT companies — Wipro and LTIMindtree — posted subdued earnings for the second quarter. While Wipro’s consolidated net profit rose marginally, that of LTIMindtree dipped. This and more in today’s ETtech Top 5
Screaming Buy! 400 midcap & smallcap stocks give double-digit returns in June
Indian equities, including the Nifty50 and Sensex, experienced gains for the fourth consecutive month in June. While the benchmark indices returned nearly 3% for the month, the midcap and smallcap segments were the top performers, with about 400 stocks delivering double-digit returns. Sectors such as automobiles, healthcare, and information technology saw strong buying interest, and experts recommend long-term investors to continue accumulating quality stocks while being cautious of profit booking. The upcoming Q1-FY24 results are expected to provide further fuel to the market rally.
Fortis Healthcare Q4 Results: Net profit jumps 59% to Rs 138 cr in Q4FY23
Fortis Healthcare's Q4FY23 reported a net profit of Rs 138 crore, which was a YoY increase of 59% due to higher occupancy rates and an increase in surgical volumes. The hospital revenues increased by 29.7% and EBITDA margins increased by 80 basis points to 17.3 %. The revenue from diagnostics dropped due to lower covid testing volumes. The ARPOB grew by 11.5% to Rs 57.476 crore. The company plans to expand its key facilities like FMRI, Shalimar Bagh, Mulund, and Mohali by over 500 beds each in the next few years.
Q4 Results: 23 companies whose profit may more than double
Kotak Institutional Equities expects banks under its coverage to report a 45% year-on-year (YoY) earnings growth while its forecast for IT services' quarter-on-quarter (QoQ) revenue growth ranges from a decline of 2.1% to a growth of 2.3% across its coverage universe.
Nursing your portfolio; 4 healthcare services stocks with an upside potential up to 20%
During the Covid phase, while beds of hospitals were full, their bottomlines did not grow much. That’s because of pricing restrictions and other issues. After Covid, as elective surgeries and other services restarted, growth is back on the table for a select few players. It is one of the sectors where institutional investors have increased their overall exposure. The following list is based on an upside estimated by the analysts, in a descending order.
Hot Stocks: Global brokerages on SAIL, Trent, Rainbow Children Medicare and Bharat Forge
"Standalone results are better than expected. Domestic and international businesses are well-placed for the next two years. Scale-up of non-auto business to aid in revenue and margin improvement," said the note.
CCI studies 'ecommerce nexus’; IT workers trickle back to office
Competition Commission of India is studying documents found during the raids that suggest financial dealings between the ecommerce majors and their preferred sellers.
F&O expiry, Q4 earnings among top 8 factors that may guide markets this week
In the upcoming week, markets will keenly watch the Q4 earnings of India Inc along with the expiry of April series derivatives. On the global front, war crises, crude oil and Covid-19 will be the major factors to watch out for.
HCL profit jumps 226% yoy in Q4; HealthifyMe eyes IPO
Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech posted a consolidated net profit of Rs 3,593 crore, up 226% from the same quarter a year ago. Looking ahead, the company said it expects revenue to grow between 12% and 14% in FY23.
Fortis Healthcare Q3 Results: Firm posts Rs 142 cr profit led by recovery of non-Covid care
The revenues rose 24.6% YoY to Rs 1467 crore in Q3FY22 compared to 1177 crore in Q3FY21. On a quarter-on-quarter (QoQ) basis, the revenues were flat, while net profit rose 8.4%.
Max Healthcare Q2 results: Gross revenue rises 52% YoY to Rs 1,434 crore
The company saw a decline in Covid-19 related admissions and vaccinations. The volumes dropped significantly during the quarter, it said.
Suburban acquisition to help build presence in West India, says Dr Lal Path CEO
“DRL’s two strategic priorities include strengthening presence in the south and west organically and technological interventions to look more patient friendly in the front end. ”
Stocks in news: M&M, Divi's Labs, BoB, Fortis, Gulf Oil, Affle, Max Health
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Market Movers: What changed for D-Street while you were sleeping
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