OLYMPIC CARDS LTD Q3 RESULTS
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.
Paris Olympics 2024 shocker: USA gymnast Jordan Chiles to return Olympics medal after court verdict?
American gymnast Jordan Chiles has hit headlines at Paris Olympics 2024 after Court of Arbitration for Sport has announced its ruling pertaining to gymnastics event.
PB Fintech Q1 Results: Policybazaar parent posts cons PAT of Rs 60 crore versus YoY loss; revenue jumps 52%
During the April-June quarter, the company witnessed significant 62% year-over-year increase in total insurance premium, reaching Rs 4,871 crore. The new core online insurance premium surged by 66%, while new health and life insurance premiums experienced an even more substantial 78% growth. Additionally, the company disbursed Rs 3,100 crore in credit and issued 1.3 lakh credit cards during the same period.
India vs Germany Olympic Semifinal: Head-to-head stats, last 5 matches and when and where to watch
India, ranked fifth in the world, will compete against Germany, a four-time Olympic gold medalist, in the men's hockey semifinal at the Paris Olympics tomorrow. India's key defender Amit Rohidas will miss the match due to a suspension. India secured their semifinal spot after a 4-2 win against Great Britain, while Germany advanced by defeating Argentina 3-2.
Titan Q1 Preview: A tepid quarter on the cards with muted profitability
Titan faced a tepid first quarter amid fewer wedding days, skyrocketing gold prices, and regional competition. Analysts predict a 6% year-on-year increase in net sales for April-June 2024, with a marginal 1% decline in net profit. The jewelry segment's growth was impacted by a surge in gold prices and higher market competition.
Zaggle Q1 Results: Cons PAT jumps multi-fold to Rs 16.7 crore
SaaS fintech platform Zaggle Prepaid Ocean Services on Tuesday reported a multi-fold rise in its consolidated net profit to Rs 16.7 crore in the June 2024 quarter. It had posted a net profit of Rs 2.05 crore in the year-ago period.
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IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?
IDFC First Bank Share Price Today: IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).
Olympics 2024 schedule, medals matches for basketball: How to watch Team USA games
Olympics 2024 schedule for basketball is out now and we have listed group and medal matches team USA.
Olympics 2024 medals, results: USA bag first Gold in Paris. Meet America's gold medalists
USA have bagged first gold medal in Paris Olympics 2024. Caeleb Dressel collected his eighth career Olympic gold medal and first in Paris.
SBI Card Q1 Results: PAT flat YoY at Rs 594 crore, revenue jumps 11%
SBI Card's revenue for the quarter rose 11% from last year to Rs 4,359 crore, driven by a 24% increase in interest income. Earnings before credit costs also grew, up 25% from the previous quarter. While year-on-year revenue growth was strong, it remained flat compared to the previous quarter.
Axis Bank Q1 Results: Standalone PAT rises 4% YoY to Rs 6,035 crore, NII jumps 12%
Axis Bank Q1 Results: The lender reported Rs 5,797 crore profit in the year-ago period. Its interest expense for the quarter rose significantly to Rs 16,613 crore, marking a 22% increase compared to the Rs 13,598 crore spent in the same period the previous year. Its net interest income grew 12% YoY and 3% QoQ to Rs 13,448 crore while the net interest margin (NIM) for the quarter stood at 4.05%.
Bajaj Finance Q1 Results: Profit rises 14% YoY to Rs 3,912 crore; NII jumps 25%
Bajaj Finance Q1 Results: Bajaj Finance Ltd reported a 14% YoY rise in consolidated net profit to Rs 3,912 crore for Q1 FY2024, slightly below the estimated Rs 3,947 crore. Net interest income surged 25% YoY to Rs 8,365 crore, and pre-provisioning operating profit jumped 25% YoY to Rs 6,947 crore.
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.
Bajaj Finance Q1 Preview: PAT may rise 16% YoY; NII should see strong growth
Bajaj Finance's June 2024 quarter results indicate 16% PAT and 26% NII growth, with 10% more new loans and a 30% increase in AUM. March profits were Rs 3,824 crore. Axis reports stable C-I Ratio; Kotak expects 10% NIM. Motilal highlights 31% YoY AUM growth, 7% QoQ loan growth, 4.1% cost-to-AUM, 34% CIR, and 1.7% credit costs.
Kotak Bank shares drop over 3% as Q1 NIMs disappoint. Should you invest?
Kotak Mahindra Bank saw its shares drop 3% due to NIM disappointment at 5.02% for Q1FY25. Despite a robust 81% increase in standalone net profit to Rs 6,250 crore, concerns persist over funding costs and margin pressures. Brokerages advise caution as RBI restrictions continue to impact growth and profitability.
Kotak Mahindra Bank bets on deeper ties with customers
Kotak Mahindra Bank addresses the impact of RBI embargo on margins and unsecured loan business. Plans for branch expansion and deposit mobilization initiatives are in progress. Current accounts and savings share decreases while average deposits see an increase.
Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday
Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.
Infosys Q1 earnings; payment cos seek UPI sops
IT major Infosys logged a rise in profits for the first quarter of FY25. This and more on today’s ETtech Top 5.
LTIMindtree Q1 Preview: Healthy sequential growth likely on uptick in BFSI, manufacturing
LTIMindtree's Q1 results on July 17 likely show 2% quarterly, 4% yearly revenue growth, 5% PAT rise. March quarter net profit fell to Rs 1,100 crore, revenue rose to Rs 8,893 crore.
Citigroup Q2 Results: Profit beats on surge in investment banking, services strength; but shares fall 3%
The third-largest U.S. lender reported a profit of $1.52 per share for the three months ending June 30, surpassing analysts' expectations of $1.39, according to LSEG data. Warren Kornfeld, senior vice president in the financial institutions group at Moody’s Ratings, noted that these results highlight Citi's challenging path toward achieving its shareholder returns target of 11% to 12%, up from 7.2% in the second quarter.
What will happen to Paris Olympics 2024 after France election results?
France election results are out and the country's current political situation has raised several questions ahead of Paris Olympics 2024.
Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY
Paytm Q4 Results: The fintech major's March quarter results were impacted by temporary disruptions on account of the UPI transition and permanent disruption because of the payments bank embargo. The company said Payment Bank's products like Paytm wallet and FASTag were distributed but due to the current embargo, it anticipates a steady state of an annualised direct impact on EBITDA to be around Rs 500 crore.
Zomato Q4 Results Preview: Steady earnings on cards after solid few quarters
Zomato Q4 Results Preview: In the previous quarter, the food delivery platform saw a remarkable surge in its net profit, skyrocketing nearly fourfold (283%) quarter-over-quarter to reach Rs 138 crore. Furthermore, revenue from operations in the third quarter showed a robust 69% year-over-year increase, reaching Rs 3,288 crore. These figures underscore the platform's substantial growth and increasing demand for its services during that period.
KPIT Tech shares surge 7% after PAT grows 47% in Q4
KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
SBI Cards shares drop 4% after March quarter results. Should you buy, sell or hold?
Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.
Bajaj Finance Q4 Results: PAT jumps 21% YoY to Rs 3,824 crore; dividend declared at Rs 36
The NBFC had reported PAT at Rs 3,157.79 crore in the year-ago period. Revenue from operations for the quarter stood at Rs 14,926 crore, up 31% YoY. The interest income in the January-March period stood at Rs 13,230.08 crore versus Rs 9,845.98 crore reported in the year-ago period. It was a 34% YoY jump.
Bajaj Finance Q4 results today: Stock drops 3% ahead of announcement
Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
SBI Card Q3 Results: Net profit rises 8% YoY to Rs 549 crore
Profit growth was hit due to higher provisions for bad loans. Interest income increased 29% to Rs 2,082 crore in December 2023 from Rs 1,609 crore a year ago. Non-interest income which includes fees and commission also increased 34% to Rs 2,539 crore.
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