ORIENT GREEN POWER COMPANY LTD Q1 RESULTS
![Take notice! In a muted Q1 season, these 14 companies doubled sales and profits](https://img.etimg.com/thumb/msid-112823853,width-100,height-75,resizemode-4/markets/stocks/earnings/take-notice-in-a-muted-q1-season-these-14-companies-doubled-sales-and-profits.jpg)
Take notice! In a muted Q1 season, these 14 companies doubled sales and profits
14 companies with market capitalization exceeding Rs 2,500 crore demonstrated exceptional performance in Q1 2024, doubling their sales and profits. Top performers included Spright Agro and Diamond Power Infrastructure. The broader market saw mixed results with sectors like BFSI and automobile doing well, but oil marketing companies underperforming.
![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.
![Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook](https://img.etimg.com/thumb/msid-112651810,width-100,height-75,resizemode-4/markets/stocks/news/nifty-it-index-rallies-over-8-in-last-seven-sessions-analysts-maintain-bullish-outlook.jpg)
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.
![Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?](https://img.etimg.com/thumb/msid-112622152,width-100,height-75,resizemode-4/markets/stocks/earnings/railway-sector-q1-review-average-pat-decline-16-qoq-revenue-down-24-what-are-your-cues.jpg)
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
![Reliance Power Q1 Results: Net loss narrows to Rs 98 crore](https://img.etimg.com/thumb/msid-112528575,width-100,height-75,resizemode-4/markets/stocks/earnings/reliance-power-q1-results-net-loss-narrows-to-rs-98-crore.jpg)
Reliance Power Q1 Results: Net loss narrows to Rs 98 crore
Reliance Power on Wednesday said its consolidate loss narrowed to Rs 97.85 crore during the June 2024 quarter, on account of improved income. It had reported a loss of Rs 296.31 crore in the April-June period of the preceding 2023-24 financial year, the company said in a regulatory filing.
![Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai](https://img.etimg.com/thumb/msid-112514580,width-100,height-75,resizemode-4/markets/expert-view/hindalco-net-debt-negative-in-india-in-q2-ebitda-per-tonne-to-come-in-a-bit-lower-than-in-q1-satish-pai.jpg)
Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai
Hindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soared 31% year-on-year to Rs 7,992 crore. MD Satish Pai stated that the company will stick with its Rs 600 crore guidance, focusing on profitability rather than top-line growth as aluminium prices influence revenue unpredictably.
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SJVN shares jump 9% on 31% YoY jump in Q1 profit
SJVN Share Price: Shares of state-owned hydropower company SJVN surged up to 9% to a day's high of Rs 148.85 on the BSE on Wednesday. This rise followed a 31% year-on-year increase in its consolidated net profit to Rs 357.09 crore for the June quarter, attributed to higher income. The company had reported a net profit of Rs 271.75 crore for the same period in the previous financial year.
Hero MotoCorp Q1 Results: PAT jumps 36% YoY to Rs 1,123 crore, revenue up 16%
Hero MotoCorp Q1 Results: Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,123 crore for the quarter ended June 30, 2024 which was up by 36% from Rs 825 crore posted by the two-wheeler maker in the year ago period.
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:
Inox Green Energy Services Q1 Results: Profit jumps 55% YoY to Rs 4.14 cr
Inox Green Energy Services is a subsidiary of Inox Wind Limited (IWL) which is India's leading wind energy solutions provider catering to independent power producers, utilities, public sector units and corporate investors
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.
Mention of heatwaves at all-time high in earnings calls
This summer, India experienced a severe heatwave, significantly affecting companies struggling with slowing earnings growth and supply chain disruptions. Featured prominently in Nifty 500 companies' earnings calls, the heatwave impacted footfalls at retailers, construction productivity, and loan collections. As extreme weather events increase, businesses must adapt to these growing climate challenges.
Symphony shares rally 18% in 2 days on announcing share buyback, 270%YoY jump in Q1 PAT
Symphony's shares climbed 18% following a significant 270% rise in Q1 net profit and the announcement of a Rs 71.40 crore share buyback. The buyback price offers a 67% premium, with record dates set for both share buyback and interim dividend declaration. The company's revenue also increased by 76% YoY.
Godawari Power announces 1:5 stock split, special dividend along with Q1 results
“The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on August 07, 2024, has considered and Approved the proposal for sub-division of equity share of face value of Rs.5/-each of the Company into 5 (Five) equity shares of Re.I/- each, subject to approval of the Shareholders of the Company in ensuing Annual General Meeting,” said the company in a filing to the exchanges.
Tata Power Q1 Results: Cons PAT rises 4% YoY to Rs 1,189 crore, revenue jumps 14%
Tata Power Q1 Results: Tata Power today reported a consolidated net profit of Rs 1,189 crore for the quarter ended June 30, 2024, which was up by over 4% from Rs 1,141 crore reported by the company in the year ago period.
PFC Q1 Results: Net profit rises over 20% YoY to Rs 7,182 crore
PFC Q1 Results Latest Updates: The company's board also approved declaration of an interim dividend at the rate of 32.50 per cent or Rs 3.25 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for FY25.
Q1 results today: Vedanta among 132 companies to announce earnings on Tuesday
During the first quarter earnings season, 132 companies, including PFC and Tata Power, were scheduled to announce their financial results. Vedanta's net profit was expected to range between Rs 2,197-3,060 crore, with revenue estimates between Rs 35,440-38,674 crore for June 2024. Different brokerages provided varying growth predictions.
Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others
Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.
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.
Hindustan Zinc Q1 Results: Cons PAT jumps 19% YoY to Rs 2,345 crore, revenue rises 11%
Hindustan Zinc Q1 Results: The company's revenue from operations for the period reached Rs 7,893 crore, marking an 11% increase from Rs 7,111 crore in the same period last year. The EBITDA for the June quarter rose by 18% year-on-year to Rs 3,946 crore, compared to Rs 3,347 crore a year ago. Margins improved by 257 basis points to 48.5%.
Adani Power Q1 Results: Profit plunges 55% YoY to Rs 3,913 crore
Adani Power Q1 Results: Revenue from operations saw an increase of 36% YoY to Rs 14,956 in the period. It was Rs 11,005 crore in the year-ago quarter. The continuing profit jumped about 95% YoY to Rs 4,483 crore. The company boasts of transitioning into an era of greater regulatory certainty after the satisfactory resolution of all major pressing matters and the recovery of regulatory dues during FY24. Consequently, prior-period revenue recognition on account of regulatory orders has come down significantly.
Q1 results today: Maruti, M&M among 115 companies to announce earnings on Wednesday
Q1 results today: In the first quarter earnings season, 115 companies announced results, including Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, and Bank of Baroda. M&M and Maruti expected mixed revenue and profit changes, while Tata Steel's profit was predicted to rise notably amid a revenue drop. Several others also reported their quarterly performance.
Torrent Power Q1 Results: Cons PAT zooms 87% YoY to Rs 996 cr
The company reported a substantial increase in net profit for the April-June quarter, reaching Rs 996.34 crore compared to Rs 532.28 crore in the same period last year. Total income also rose by 23% to Rs 9,110.02 crore. Additionally, the company's board approved the sale of its entire stake in Torrent Electricals Private Ltd (TEPL) to its holding company, Torrent Investments Private Ltd (TIPL), for Rs 85 crore.
Tata Consumer Q1 Results: Cons PAT falls 8% YoY to Rs 290 crore; misses estimates
Revenue from operations in the reporting period rose 16% year-on-year to Rs 4,352 crore as against Rs 3,741 crore in the previous year period. The decline in profit was due to higher exceptional items and a reduced share of profits from associates and joint ventures. During the quarter, the India Beverages business saw a 6% increase in revenue (1% organic growth), despite being affected by an intense summer. In contrast, coffee maintained a strong performance, with a 28% revenue growth for the quarter.
Q1 results today: ICICI Bank, Dr Reddy's among 34 companies to announce earnings on Saturday
Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.
Q1 results today: IndiGo, IndusInd among 69 companies to announce earnings on Friday
Companies like Aarti Drugs, Amber Enterprises, Bandhan Bank, Cholamandalam Investment, City Union Bank, ESAF SFB, Equitas SFB, Mangalam Organics, Piramal Pharma, TTK Prestige among others will also declare their results.
Adani Green Energy Q1: Net profit surges 95% to Rs 629 crore
Adani Green Energy Q1 Result Updates: Adani Green Energy Ltd, the renewable energy arm of Adani Group reported a 95% increase in consolidated net profit for the quarter ended June 30, on the back of higher revenues led by capacity addition.
Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore
On Thursday, Adani Green reported a 38% year-on-year (YoY) increase in its consolidated net profit, reaching Rs 446 crore for the first quarter ended June 2024, up from Rs 322 crore in the same period last year.
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
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