OUDH SUGAR MILLS LTD Q2 RESULTS
5 sugar mills linked to leaders of ruling parties to get Rs 487 cr funds from Maharashtra govt
The Maharashtra cooperation department has revised its list of beneficiaries for margin funds, dropping five cooperative sugar mills linked to opposition leaders and replacing them with mills associated with BJP and NCP politicians. This decision, made after the Lok Sabha elections, allocates Rs 487 crore in funds to the new mills, including those in Latur, Sangli, Ahmednagar, and Solapur districts.
Rana Sugars shares plunge 10% after Sebi bans promoters, others from securities market for 2 years
Shares of Rana Sugars plunged 10% to hit a day's low of Rs 21 on the BSE following a two-year ban imposed by the market regulator on 14 entities, including the company's promoters. The Securities and Exchange Board of India (SEBI) also imposed a Rs 63 crore fine for charges of fund diversion.
PSU banks' Q1 results decent, but are valuations supportive of next leg of the rally?
Despite strong Q1 results, PSU bank stocks have fallen nearly 6% over the past month due to valuation concerns. Experts predict stock-specific action rather than a broad rally. While SBI posted a modest 1% YoY profit increase, other public lenders like PNB, Uco Bank, and CBI reported impressive double-digit growth.
Q1 results today: IRFC, Vodafone Idea among 528 companies to announce earnings on Monday
As the first quarter earnings season nears its end, 528 companies are set to release their results on Monday. Key reports include IRFC, Vodafone Idea, and NMDC. Vodafone Idea is expected to report flat revenue and losses between Rs 7,489-8,100 crore. EBITDA is forecasted to see a slight year-on-year rise despite challenges.
Ethanol from various feedstocks must be priced adequately to help all stakeholders: Avantika Saraogi, Balrampur Chini
Sugarcane, found in abundance in India, has the potential to contribute significantly to bio-based packaging solutions, reducing the dependence on fossil fuels and mitigating plastic pollution, says the executive director of Balrampur Chini Mills.
Vedanta Q1 Results: Profit grows 37% YoY to Rs 3,606 crore
Vedanta Q1 Results: Vedanta posted a 37% year-on-year increase in consolidated net profit to Rs 3,606 crore for the first quarter, up from Rs 2,640 crore last year. Revenue grew 6% year-on-year to Rs 35,239 crore. The company's EBITDA surged by 47%, with margins at 34%, attributed to robust cost reduction efforts.
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ITC reports flat profit growth for Q1, misses estimates; revenue up 7.2%
ITC’s first quarter performance exceeded street expectations with regard to revenue. While the result was declared after the market hours, the ITC scrip closed at a fall of 0.26% at Rs 493.75 when the benchmark Sensex went up by 0.15%.
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.
Suzlon shares zoom 23% since Q1 results. Still time to ride the rally?
Suzlon Energy's shares hit a new high following a 23% rally spurred by impressive Q1 results, including a 200% year-on-year profit gain and a 50% revenue increase. Brokerage firms have raised target prices, highlighting the company's strong order book and improved financial health.
Varun Beverages Q2 Results: PAT jumps 26% YoY to Rs 1,262 crore, revenue up 28%
In Q2 CY2024, Varun Beverages reported a 32% increase in EBITDA to Rs 1,991 crore. Consolidated sales volume rose by 28.1% to 40.16 crore cases, up from 31.35 crore cases a year earlier, including 2.8 crore cases from BevCo. Approximately 46% of sales volumes were from low-sugar or no-sugar products.
Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
Phoenix Mills board to consider bonus issue on July 31
In its Q4FY24 results, Phoenix Mills had reported a profit after tax (PAT) of Rs 325 crore, which was an increase of 66% on a year-on-year basis against a PAT of Rs 195 crore reported in the corresponding quarter of the previous year.
MRF to trade ex-dividend tomorrow, last chance for Rs 194 dividend eligibility
MRF declared a Rs 194 Q4FY24 dividend per share and a total annual dividend of Rs 200 for FY24, with a July 25 record date. Shares closed at Rs 1,31,267.70 on BSE. Prior dividends include Rs 3 interim and Rs 169 final.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Markets remain steady before Union Budget with anticipated volatility. Oil prices decline for third consecutive day due to oversupply worries and subdued demand. Rupee hits record low against US dollar as Asian currencies weaken. Keep an eye on Q1 results from major firms.
Sensex falls over 300 pts as RIL & bank stocks tumble, Nifty below 24,400
Ahead of the budget, Indian markets fell. Sensex dropped 355 points, Nifty50 by 148 points. Reliance fell 2.5% from lower fuel margins; HDFC Bank, the country's top private lender, rose 1% after beating profit forecasts; Wipro dropped 8% due to weak demand in Europe and Asia-Pacific. Mixed performance among key stocks in early trading.
GIFT Nifty falls 100 points; here's the trading setup for today's session
Domestic markets see profit booking and global selloff. Nifty indicates a negative start. Oil prices rise on rate-cut expectations. Dollar declines post Biden's announcement. Rupee hits all-time low. Watch out for Budget and Q1 results next week.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets traded positively with Nifty futures indicating a flat start. Nifty's uptrend remains intact with no significant reversal pattern. Global markets show mixed movements. Oil prices rise on US crude stock decline. FPIs turn net buyers. Stay updated on Q1 results of major companies.
We are happy with Q1 results but not in a position to say TCS is on a growth path again: CEO
TCS foresees FY25 outperforming FY24, leveraging AI and cost optimization despite market volatility, BFSI challenges, and election impacts. With Q1 achievements, reduced attrition, strategic headcount growth, and strong India business, performance remains robust. Investments in talent, discretionary project validation, and technology adaptation sustain a healthy order book, even amid fewer mega deals and extended decision-making cycles.
Best Brown Sugar: A Versatile Sweetener for Every Kitchen Adventure
Best brown sugar is a rich, flavorful sweetener known for its deep molasses flavor and moist texture. It is made by adding molasses back to refined white sugar, giving it a distinct color and taste that enhances baked goods, sauces, and marinades. High-quality brown sugar has a fine, soft texture and a slightly sticky feel, making it easy to blend and dissolve. It not only adds sweetness but also imparts a caramel-like depth to recipes, making it a staple in kitchens for both cooking and baking.
Shree Renuka Sugars Q4 Results: Firm posts loss on higher expenses
Shree Renuka Sugars Ltd reported a net loss of Rs 111.7 crore for Q4, a decline from a profit of Rs 44.6 crore in the same period last year.
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Jindal Steel Q4 Results: Cons PAT zooms 100% YoY to Rs 933 crore, but revenue falls 1%
Jindal Steel Q4 Results: In the corresponding quarter of the last financial year, the company reported a PAT of Rs 466 crore. On a sequential basis, the consolidated PAT was down 52% versus Rs 1,928 crore reported in Q3FY24. Gross revenue for the quarter under review stood at Rs 15,749 crore, down from Rs 15,797 crore reported in Q4FY23.
Congress questions PM Modi on Agnipath scheme, accuses his govt of betraying youth
The Congress accuses PM Modi of betraying youth with the Agnipath scheme impacting jobs. Questions include unfulfilled promises of airports in Bihar and idle sugar mills. Modi's failure to deliver on these pledges and clean up the Ganga are highlighted. The Agnipath scheme's impact on job prospects and youth opposition are also raised.
Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%
Varun Beverages Q1 Results: Co reported a consolidated net profit of Rs 548 crore, rising 5% year-on-year (YoY) for the quarter ended March 31, 2024; revenue from ops stood at Rs 4,398 crore
Bajaj Hindustan Q4 Results: Net profit slides 31% YoY to Rs 90.56 crore
Bajaj Hindustan Sugar on Friday posted 31 per cent fall in consolidated net profit to Rs 90.56 crore during the fourth quarter of the 2023-24 fiscal on lower income. Net profit stood at Rs 130.91 crore in the same quarter of the previous financial year, as per the regulatory filing.
Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
Nestle India shares drop 2% after Q4 results. Buy, sell or hold?
Nestle India's share price fell 2% to Rs 2,511.60 after Q4 results. Standalone net profit rose 27% to Rs 934 crore, revenue increased 9% to Rs 5,268 crore. Brokerages hold mixed views on the stock.
Sugar production for FY24 has been much higher than initially anticipated : Atul Chaturvedi, Shree Renuka Sugars
I do not think this current diversion possibility will have any effect whatsoever on the sugar production and sugar values in the country. But having said that, once the summer hits in, the sugar consumption generally goes up and we could probably see a rise of about a rupee or somewhere around that per kilo, so that I would not say is anything which is game-changing.
Earnings season ends today. M&M, Muthoot Finance among 620 companies to announce Q3 results
Among other important results will be those Aditya Birla Fashion and Retail (ABFRL), Crompton Greaves Consumer Electricals, Eureka Forbes, IPCA Laboratories, KPI Green Energy, Liberty Shoes, Natco Pharma, National Fertilizers, Narayana Hrudayalaya, PTC India, Rajesh Exports, Rana Sugars, Reliance Capital, Sun TV Network and Wockhardt.
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