NIPPON LIFE INDIA ASSET MANAGEMENT LTD Q3 RESULTS
Life insurance in fierce battle to grab annuities market share
While the annuity market in India is still in its early stages, insurers believe it holds long-term growth potential. With rising life expectancy and higher income levels, the demand for annuity products is expected to soar.
FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?
FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.
Fund Manager Talk: 3 sectors within capex theme can come under selling pressure, says Ambit’s Bhargav Buddhadev
Bhargav Buddhadev of Ambit Asset Management identified potential selling pressure in capex-oriented sectors like roads, railways, and defense due to budget cuts. He highlighted optimism in sectors like rural recovery and chemicals. Investors were advised on market strategies, and the resilience of the Indian market amid global challenges was emphasized.
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.
Nippon Life India AMC fined for violating rules on total expense ratio
The Securities and Exchange Board of India (Sebi) fined Nippon Life India Asset Management Company and its trustee ₹3 lakh for TER rule violations. Sebi discovered that the asset manager charged insufficient expenses to the actual expenses incurred by five ETFs. Nippon Life AMC defended the charges, stating there was no clear restriction on AMC bearing such expenses.
LIC Q1 Results: Profit rises 9% YoY to Rs 10,544 crore
LIC Q1 Results: The life insurance major saw a 16% year-on-year increase in net premium income for Q1, reaching Rs 1.14 lakh crore. The company also maintained its dominant position in the Indian life insurance market, boasting of a 64.02% market share based on First Year Premium Income (FYPI).
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SBI Q1 net rises 1% as loan loss provisions widen
Loan loss provisions increased 70% year on year to ₹4,518 crore from ₹2,652 crore in the year earlier, squeezing net profit despite loan growth remaining strong. Chairman Dinesh Khara said the provisions were mostly related to legacy standard assets and the asset-quality outlook for the bank remained unchanged."We don't have any challenges in asset quality," Khara said.
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.
Tata Steel Q1 results today: Here's what to expect from the steel major
Tata Steel's Q1 FY2024 profitability was expected to rise significantly, with net profit growth ranging from 57% to 209% year-on-year, according to five brokerages. However, revenues were projected to fall 6%. India operations saw growth in deliveries and EBITDA, while Europe, particularly the UK, faced continued losses despite improvements in Netherlands operations.
This smallcap multibagger stock rallies 16% on stellar Q1 earnings
PG Electroplast's shares surged 16% to a record high after a stellar Q1 performance. Consolidated net profit rose 151.2% to ₹84.93 crore, with operating revenues up 94.9% YoY. The company's capital efficiency and expanding infrastructure support strong future growth prospects.
Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday
Companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results
SBI Life Q1 Results: Net profit rises 36% YoY to Rs 520 crore; net premium income jumps 15%
SBI Life reported a Q1 standalone net profit of Rs 520 crore, up 36% from Rs 381 crore last year. Net premium income rose 15% YoY to Rs 15,105 crore from Rs 13,104 crore in the same quarter last year.
Federal Bank Q1 Results: PAT rises 18% YoY to Rs 1,009 crore, NII rises 19%
Federal Bank reported a standalone net profit of Rs 1,009.5 crore for the quarter ended June 30, 2024, up by 18.2% on a YoY compared to Rs 853.74 crore reported in Q1FY24. NII for the quarter stood at Rs 2291.98 crore, a 19.46% rise over Rs 1,918.59 crore reported in Q1FY24.
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.
HDFC Life Q1 Results: Net profit rises 15% YoY to Rs 477 crore
On Monday, HDFC Life, a prominent insurer, announced a 15% increase in its standalone net profit for the first quarter, reaching Rs 477 crore compared to Rs 415 crore in the corresponding period last year.
HDFC AMC Q1 Results: PAT jumps 26% YoY to Rs 604 crore, revenue surges 35%
HDFC AMC Q1 Results: In the recent quarter, the consolidated profit after tax saw a notable increase of nearly 12% compared to the previous quarter. Additionally, revenue experienced a 12% sequential rise from Rs 695 crore reported in the same period last year. HDFC AMC also recorded revenue from other income amounting to Rs 173 crore.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
IREDA Q1 Results: PAT jumps 30% YoY to Rs 384 crore, revenue surges 32%
IREDA Q1 Results: The state-run NBFC saw a significant increase in loan sanctions, up 387% to Rs 9,210 crore compared to Rs 1,892 crore in the same period last year. Loan disbursements also rose by 68%, reaching Rs 5,326 crore compared to Rs 3,173 crore in the previous year.
TCS Q1 Results: Cons PAT rises 9% YoY to Rs 12,040 crore, beats estimates
TCS Q1 Results: IT bellwether TCS reported a 9% YoY growth in its June quarter consolidated net profit, reaching Rs 12,040 crore, compared to Rs 11,120 crore in the same quarter last financial year. This profit exceeded the Street estimate of Rs 11,900 crore. Additionally, the company's board recommended a dividend of Rs 10 per share.
ETMarkets Smart Talk: Modi 3.0 unlikely to be over-populist at the cost of compromising fiscal discipline: Amar Ambani
In my opinion, the election event is done and dusted, and the market won’t read too much into it, to endure drastic corrections akin to the knee jerk reactions seen on poll outcome day.
Government to get Rs 3,662 crore from LIC as dividend
The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.
LIC Q4 net profit up 2.5%, declares Rs 6/share dividend
The insurer reported profit of ₹13,421 crore in the same period last year. The solvency ratio improved to 1.98% from 1.87% last year. LIC announced an interim dividend of ₹6 per share.
LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr; dividend declared at Rs 6 per share
LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.
Home First Finance Q4 Results: Net profit leaps 30% YoY to Rs 83.5 crore
Quarterly interest income for the company was at Rs 283 crore, registering a 38% year-on-year rise. Total income was also 38% higher at Rs 318 crore.
ETMarkets Smart Talk: FIIs remain underweight on India; 3 sectors that may make a comeback in 1-2 years: Ashutosh Bhargava
Ashutosh Bhargava says that it would be wrong to say election results will have no bearing on the market. The market is discounting continuity of the current regime and by no means is prepared for an alternative scenario. A low level of market volatility amidst ongoing pools reflects that. If consensus expectation turns out to be right and event risk is behind, one should expect return of FII flows.
SBI Life Q4 Results: Net profit rises 4% YoY to Rs 811 crore
The net premium income during the quarter rose 26% YoY to Rs 25,116 crore. The company has maintained its leadership position in Individual Rated Premium of Rs 172.3 billion with 23.3% private market share in FY24.
Nippon India Life Q4 results: PAT grows by 73% YoY, dividend of Rs 11 per share declared
Nippon Life India Asset Management's PAT surged by 73.3% YoY to Rs 343 crore, with revenue increasing by 34.4% YoY to Rs 468 crore. Consolidated EBITDA also rose 39.2% YoY to Rs 291 crore.
Jio Financial Services shares slump 3% ahead of Q4 results today
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.
Canara Bank to sell 13% stake in Canara Robeco MF via IPO
The stake sale via IPO awaits approvals from the RBI, finance ministry, government, Canara Bank said in an exchange filing
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