ORBIT EXPORTS LTD Q2 RESULTS
![Q1 results shocker: 40 companies report more than 50% drop in profit](https://img.etimg.com/thumb/msid-112727284,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-results-shocker-40-companies-report-more-than-50-drop-in-profit.jpg)
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.
![Q2 goods exports seen 4.2%: EXIM Bank](https://img.etimg.com/thumb/msid-112474033,width-100,height-75,resizemode-4/news/economy/foreign-trade/q2-goods-exports-seen-4-2-exim-bank.jpg)
Q2 goods exports seen 4.2%: EXIM Bank
“Positive growth in India’s exports could be as a result of India’s continued strong economic activity backed by sustained momentum in manufacturing and services sector, expected global monetary easing and improving demand prospects in trading partners,” the bank said in a statement.
![Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY](https://img.etimg.com/thumb/msid-112472837,width-100,height-75,resizemode-4/markets/stocks/earnings/hero-motocorp-q1-higher-volumes-to-drive-revenue-growth-pat-may-jump-by-up-to-35-yoy.jpg)
Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY
Hero MotoCorp's net profit for the quarter ending June 30, 2024, was projected between Rs 1,119 crore and Rs 1,926 crore, marking 14%-35% growth year-on-year. Revenue estimates ranged from Rs 10,232 crore to Rs 11,778 crore, driven by increased volumes and average selling prices. The company’s quarterly earnings were scheduled for announcement on August 13.
![India’s defence exports skyrocket by 78% in Q1 FY 2024-25, sets new benchmarks](https://img.etimg.com/thumb/msid-112469912,width-100,height-75,resizemode-4/news/defence/indias-defence-exports-skyrocket-by-78-in-q1-fy-2024-25-sets-new-benchmarks.jpg)
India’s defence exports skyrocket by 78% in Q1 FY 2024-25, sets new benchmarks
India’s defence exports surged by 78% in the first quarter of FY 2024-25, reaching Rs.6,915 crore. This significant growth reflects India's ongoing efforts towards self-reliance in defence manufacturing, as highlighted in the Economic Survey 2023-24. The survey also noted that India achieved its highest-ever defence exports of Rs.20,915 crore in FY 2023-24, a 25% increase from the previous year. The country is on track to meet its target of Rs.50,000 crore in defence exports within the next five years.
![Merchandise exports to hit $111.7 bn, non-oil exports at $89.8 bn in Q2 FY25: Exim Bank](https://img.etimg.com/thumb/msid-112462487,width-100,height-75,resizemode-4/news/economy/foreign-trade/merchandise-exports-to-hit-111-7-bn-non-oil-exports-at-89-8-bn-in-q2-fy25-exim-bank.jpg)
Merchandise exports to hit $111.7 bn, non-oil exports at $89.8 bn in Q2 FY25: Exim Bank
India Exim Bank projected that India's total merchandise exports could reach USD 111.7 billion in Q2 FY2025, a 4.2% y-o-y growth. Non-oil exports are anticipated to touch USD 89.8 billion, showing a 6.26% growth. The forecast highlighted economic momentum but also noted risks from geopolitical tensions and supply chain issues.
![Grasim Q1 Results: Firm reports Rs 52 cr standalone loss versus Rs 355 cr yr-ago profit](https://img.etimg.com/thumb/msid-112398737,width-100,height-75,resizemode-4/markets/stocks/earnings/grasim-q1-results-co-slips-into-red-reports-rs-52-cr-loss-versus-rs-355-cr-profit-a-year-go.jpg)
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.
- Go To Page 1
Eicher Motors shares jump 5% on posting 20% YoY rise in Q1 PAT. Should you invest?
Eicher Motors' shares gained 5% following a 20% year-on-year increase in consolidated net profit to Rs 1,101.46 crore for the June 2024 quarter. The company’s revenue grew by 10% to Rs 4,393 crore. Brokerages offered different target prices and ratings, indicating diverse predictions on the stock's potential performance going forward.
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.
Bharat Forge Q1 Results: Net profit declines 18% YoY to Rs 175 crore
The group secured new orders worth Rs 980 crore across defence, ferrous and aluminium castings and the core forging business, he added
Alembic Pharma Q1 Results: Net profit rises 12% YoY to Rs 135 crore
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 14% YoY to Rs 239 crore, while the EBITDA margins contracted 540 basis points on y-o-y basis to 15.3%
Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix
Eicher Motors Q1 Result Today: Eicher Motors' net profit for the quarter ended June 30, 2024, was projected between Rs 943 crore and Rs 1,034 crore. Revenue estimates ranged from Rs 4,178 crore to Rs 4,273 crore. The profit rise was attributed to volume growth and higher average selling prices of Royal Enfield motorcycles, according to multiple brokerages.
Godrej Consumer Q1 Results: Cons PAT jumps 41% YoY to Rs 451 crore, revenue rises 8%
The company said that consolidated net profit without exceptional items and one-offs grew by 14% year-on-year, while EBITDA grew by 13%. The home care category grew at 8% YoY, personal care at 6% yoy, the total branded category at 7% yoy, and the unbranded and exports category at 121% yo-y. The total net sales increased by 9% y-o-y to Rs 2,140 crore.
TVS Motor Q1 Results: Standalone net profit jumps 23% YoY to Rs 577 crore, revenue rises 16%
TVS Motor Q1 Results: Standalone revenue from operations for the quarter rose by 16% YoY to Rs 8,376 crore as against Rs 7,218 crore in the year-ago quarter. In the first quarter of FY25, the company achieved its highest-ever operating EBITDA of Rs 960 crore, marking a significant 26% increase compared to the Rs 764 crore recorded in Q1 of FY 2023-24.
Amara Raja Energy Q1 Results: Profit rises 26% YoY to Rs 249 crore
Amara Raja Energy & Mobility (ARE&M) has posted about 26 per cent rise in consolidated net profit at Rs 249.12 crore for June quarter FY25. It had reported a net profit of Rs 198.31 crore for April-June period of 2023-24, the company said in an exchange filing on Saturday.
Mankind Pharma Q1 Results: Profit rises 10% YoY to Rs 543 crore
Mankind Pharma Q1 Results: Revenue from operations for the same period increased by 12% year-on-year (YoY) to Rs 2,893 crore, up from Rs 2,579 crore in the previous year. The company reported an EBITDA of Rs 681 crore, reflecting a 4% YoY increase. However, margins for the quarter declined by 188 basis points to 23.54%.
ITC Q1 Preview: Cigarettes to drive earnings growth, but agri and paper remain weak
ITC Ltd reported a notable revenue growth for Q1 2024, primarily fueled by its cigarettes and hotels businesses. Revenue increased by 6% compared to the same period last year, and net profit saw a 3% rise. However, the paper and agri segments continued to face challenges, impacting overall margins.
Maruti Suzuki Q1 Preview: PAT may jump 30% YoY; revenue growth seen stable
Maruti Suzuki's first quarter of 2024 showed stable revenue growth with a 7% year-on-year increase, supported by rising utility vehicle sales. Net profit rose by 30%, and operating efficiency improved due to lower raw material costs. However, the average selling price remained flat over the period.
HPCL Q1 Results: Standalone net profit plunges 94% YoY to Rs 356 crore, revenue up 1%
The state-owned fuel retailer had reported a net profit of Rs 6,203.9 crore in the corresponding quarter of the last financial year. Sequentially, PAT fell by 88%, missing market expectations. HPCL's EBITDA also decreased by 56% quarter-on-quarter to Rs 2,108 crore, with margins dropping 230 basis points to 1.9% from 4.2% in Q4 FY24.
Adani Wilmar Q1 Results: Co swings to black, posts Rs 313 crore-profit; revenue rises 10% YoY
Adani Wilmar posted a consolidated net profit of Rs 313.2 crore for the June 2024 quarter, compared to a loss of Rs 78.9 crore last year. Revenue jumped 9.6% to Rs 14,168 crore. Strong volume growth in Edible Oils and Food & FMCG segments contributed, with EBITDA at a record Rs 619 crore for Q1'25.
Ashok Leyland Q1 Results: Profit falls 9% YoY to Rs 526 crore, misses estimates
Ashok Leyland reported a 9% YoY decline in net profit to Rs 526 crore for Q1 ending June 2024, missing estimates. Revenue rose 5% to Rs 8,599 crore. The company saw strong demand across all segments, contributing to its highest-ever Q1 CV volumes. EV subsidiary Switch Mobility launched its second e-LCV. Shares traded slightly lower.
Nestle India Q1 Results: Profit rises 7% YoY to Rs 747 crore, misses estimates
Nestle India Q1 Results: During the quarter, the MNC packaged foods company's 5 top brands grew by double digits. Despite a hot summer in India, its beverages business thrived with strong growth. Innovations contributed to a 30% growth in prepared dishes and cooking aids.
L&T Q1 Results: Cons PAT jumps 12% YoY to Rs 2,786 cr, revenue rises 15%
L&T Q1 Results: Revenue from operations grew 15% YoY to Rs 55,120 crore, driven by strong performance in the projects and manufacturing (P&M) portfolio, supported by a substantial order book. In the first quarter, the company secured orders worth Rs 70,936 crore at the group level, showing an 8% year-on-year increase, thanks to robust ordering activity in the Middle East.
JSW Steel Q1 Results: Net profit plunges over 64% YoY to Rs 867 crore
The country’s largest steelmaker produced 6.35 million tons of steel at a consolidated level during the quarter, down 1% from the previous year and 6% sequentially due to planned maintenance shutdowns at Dolvi and Bhushan Power. As a result, capacity utilization at its operations in India stood at 87% during the quarter, compared to 92% a year ago.
BPCL Q1 Results: Standalone PAT tumbles 71% YoY to Rs 3,015 crore; revenue growth flat
State-owned BPCL disclosed a standalone net profit of Rs 3,015 crore for the first quarter ending June 2024. This marks a decline of 71% compared to the Rs 10,551 crore reported in the same quarter of the previous year.
Ceat Q1 Results: Net profit rises 7% YoY to Rs 154 crore; revenue increases to Rs 3,193 crore
Despite facing margin pressure from significant increases in raw material costs and ocean freight, the company is actively mitigating these challenges through strategic price adjustments, he added.
JSW Steel Q1 Results Preview: PAT likely between Rs 213 cr and Rs 1,170 cr, down upto 91% YoY
Analysts are divided on JSW Steel's June quarter revenue projections. Prabhudas Lilladher and Yes Securities anticipate growth of 1.1% and 13%, respectively, driven by higher realizations for flats and longs. Conversely, Nuvama Institutional Equities and JM Financial predict declines of 4.5% and 1.2%, respectively.
ASML shares fall 7% as China risks cloud solid Q2 earnings
The investor concerns overshadowed second-quarter earnings at Europe's largest technology company that beat forecasts and showed a rise in AI-linked bookings, as well as continued strong sales in China.
Q1 results today: Bajaj Auto, L&T Finance among 24 companies to announce earnings on Tuesday
24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
JSW Steel Q4 Results: Profit falls 64% YoY to Rs 1,299 crore
JSW Steel reported a 64% YoY drop in consolidated net profit to Rs 1,299 crore for March 2024, with revenue from operations at Rs 46,269 crore. The Board recommended a final dividend of Rs 7.30 per share, and the EBITDA margin was 13.2%. Details on operating profit, sales realisations, total sales volumes, exports, and production achievements were highlighted.
Load More