P M TELELINKS LTD Q2 RESULTS
![US stocks flat at open ahead of Nvidia results](https://img.etimg.com/thumb/msid-112870713,width-100,height-75,resizemode-4/markets/stocks/news/us-stocks-flat-at-open-ahead-of-nvidia-results.jpg)
US stocks flat at open ahead of Nvidia results
Wall Street's main indexes were flat at the open on Wednesday ahead of Nvidia's earnings report, with focus squarely on whether the recent bull market rally led by the AI chip firm and other tech-related shares can be sustained.
![Nvidia sales likely doubled - even that may not impress investors](https://img.etimg.com/thumb/msid-112823246,width-100,height-75,resizemode-4/tech/technology/nvidia-sales-likely-doubled-even-that-may-not-impress-investors.jpg)
Nvidia sales likely doubled - even that may not impress investors
Nvidia's second-quarter revenue saw a notable rise amidst high investor expectations. The company's stock surged over 150% this year, driven by AI-related demand. However, concerns around production delays, regulatory restrictions on chip sales to China, and potential antitrust investigations could impact future growth. Investors closely monitored these developments.
![Dow hits record high on increased September rate cut bets, Nvidia results on tap](https://img.etimg.com/thumb/msid-112812131,width-100,height-75,resizemode-4/markets/stocks/news/us-stocks-open-higher-on-increased-september-rate-cut-bets-nvidia-results-on-tap.jpg)
Dow hits record high on increased September rate cut bets, Nvidia results on tap
The S&P 500 and the Dow opened higher on Monday, with markets focused on results from AI-darling Nvidia and a key inflation report due later in the week, while geopolitical tensions in the Middle East made investors wary.
![M3M India sells properties worth Rs 3,911 crore in Q1; up 37 pc annually](https://img.etimg.com/thumb/msid-112738824,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/m3m-india-sells-properties-worth-rs-3911-crore-in-q1-up-37-pc-annually.jpg)
M3M India sells properties worth Rs 3,911 crore in Q1; up 37 pc annually
Realty firm M3M India has reported a 37 per cent increase in sales of residential and commercial properties in the June quarter, reaching Rs 3,911 crore. The company attributes this growth to strong demand and foresees continued momentum with upcoming ultra-luxury projects. Sales in Gurugram, Noida, and Panipat, along with a solid land bank, underscore their robust performance.
![Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects](https://img.etimg.com/thumb/msid-112444874,width-100,height-75,resizemode-4/markets/stocks/earnings/vodafone-idea-q1-preview-subscriber-losses-flat-arpu-to-dent-revenue-prospects.jpg)
Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects
Vodafone Idea is expected to report a flat revenue for the quarter that ended June 30 owing to losses in the subscriber base coupled with a flattish Average Revenue Per User (ARPU) according to estimates by four brokerages.
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Global M&A transaction value rises in first half of 2024 despite fewer deals: S&P Report
Global M&A activity increased in total transaction value by 11.7% to USD 1.221 trillion in the first half of 2024, despite a 12.9% decline in deal volumes. A notable rise in USD 10 billion-plus transactions outside the U.S. contributed to this growth. Europe's M&A activity also showed significant gains, bolstering the overall increase.
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LIC to declare Q1 results today. Here's what to expect from PSU insurer
Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.
Maersk Q2 Results: Profit drops 45% to $833 million over disruptions in global supply chains
The Red Sea crisis has led to increased operating costs for Maersk, it said, necessitating rerouted shipping lanes that have impacted the company's overall profitability. Despite this, Maersk’s revenue for the quarter was $12,771 million, slightly down from $12,988 million reported a year earlier.
Q1 results today: Godrej Consumer among 158 companies to announce earnings on Wednesday
Q1 results today: As the first quarter earnings season progressed, 158 companies, such as Pidilite, Godrej Consumer, NHPC, BSE, and ABFRL, announced their results. Godrej Consumer was projected to show a 46% increase in net profit but a slight dip in revenue. Kotak Securities highlighted growth in domestic volume and various categories.
M&M shares fall over 2% on reporting muted Q1 profit. Should you invest?
Mahindra & Mahindra's shares fell over 2% after the company reported a 5% decline in standalone Q1 net profit to Rs 2,613 crore, despite a 12% rise in operational revenue. Leading brokerages, including BofA, JP Morgan, and Nuvama, remain optimistic, adjusting their target prices upwards.
M&M Q1 Results: Standalone net profit falls 5% YoY to Rs 2,613 crore, revenue jumps 12%
M&M Q1 Results: The net profit was Rs 2,759 crore in the last year quarter. The auto player's Q1 revenue of ₹27,039 crore was driven by a 14% increase in vehicle sales. EBITDA also climbed 16% to ₹4,116 crore. The auto segment led the growth, with revenue up 16% and profit soaring 35% (excluding prior year gains).
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.
Adani Total Gas Q1 Results: Net profit rises 14% YoY to Rs 172 crore
Adani Total Gas Q1 Results: He added that during the quarter, ATGL received approval from the regulator for the transfer of a Letter of Authorization for the Jalandhar geographical area (GA) which provides high volume growth opportunity to the company.
Adani Total Gas Q1 Results: PAT jumps 15% YoY to Rs 172 crore, revenue rises 9%
Adani Total Gas Q1 Results: Revenue from operations in the reporting period rose 9% year-on-year to Rs 1,239 crore as against Rs 1,135 crore posted in the last year period. The company reported an EBITDA of Rs 296 crore in the first quarter, marking a 21% year-on-year increase due to higher volumes. Margins also improved to 23.9%. CNG volumes grew by 20% year-on-year during the reporting quarter, driven by network expansion across multiple geographical areas.
Cyient shares decline 9% on weak Q1 results. What should investors do?
Cyient shares fell 9% to Rs 1,724 on Friday after the company reported a decline in June-quarter profit due to project execution delays. The first-quarter net profit dropped 23.8% sequentially to Rs 144 crore, and decreased 18.6% YoY for the Hyderabad-based firm.
IndusInd Bank Q1 preview: 16% YoY PAT growth seen but higher cost of funds to hit earnings sequentially
IndusInd Bank Q1 Preview: IndusInd Bank is projected to post a net profit between Rs 2,140 crore and Rs 2,456 crore for the quarter ending June 30, 2024, according to brokerage estimates. These projections suggest that the profit after tax (PAT) for the April-June quarter could see a year-on-year (YoY) growth ranging from 0.7% to 15.6%, indicating a broad spectrum of potential PAT growth.
L&T shares rise 2% after 12% YoY jump in PAT. Should you buy, sell or hold?
Larsen and Toubro (L&T)’s shares rose by 2% after it reported a consolidated net profit of Rs 2,786 crore for Q1 FY25. Revenue from operations saw a 15% YoY increase, driven by robust execution in projects and manufacturing. Orders grew by 8%, with strong momentum in the Middle East, per analysts insights.
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.
Bajaj Finance shares fall by over 2% as Q1 results fail to impress. Should you invest?
Bajaj Finance reports a 14% YoY increase in net profit but falls short of Street estimates. Brokerages have mixed views on the first quarter results, with concerns over credit costs and growth prospects.
M&M Financial Q1 Results: Standalone PAT jumps 45% YoY to Rs 513 crore, NII up 15%
M&M Financial Q1 Results: The company saw a 20% increase in total income, reaching Rs 3,760 crore. Standalone pre-provisioning operating profit (PPOP) also rose by 13%, reaching Rs 1,135 crore. The company has successfully reduced credit costs by 15% in the April-June quarter, lowering them to Rs 448 crore. Credit costs as a percentage of average total assets also improved, falling from 2.1% to 1.5%.
Reliance Retail Q1 Results: Cons PAT rises 5% YoY to Rs 2,549 crore, revenue up 7%
Reliance Retail Q1 Results: For the April-June quarter, the company's revenue from operations was Rs 66,260 crore. It was Rs 62,159 crore in the same quarter of the previous financial year. Again, the gross revenue for the reported quarter was Rs 75,615 crore, an 8.1% rise from Rs 69,948 crore in the corresponding quarter of the previous year.
Reliance Jio Q1 Results: PAT jumps 12% YoY to Rs 5,445 crore, revenue rises 10%
Reliance Jio Q1 Results: The Reliance Industries' telecom subsidiary reported revenue from operations at Rs 26,478 crore, an increase of 10% from Rs 24,042 crore reported in the corresponding period of the previous financial year. The standalone revenue was up 2% on a quarter-on-quarter basis from Rs 25,959 crore reported in the January-March quarter.
RIL Q1 results preview: Revenue may grow by 7-12% YoY, PAT could decline up to 6.3% on weak O2C
Reliance Industries is anticipated to report Q1FY25 profit between Rs 14,999 crore to Rs 19,084 crore with revenue estimates ranging from Rs 2,31,463 crore to Rs 2,22,254 crore. Concerns arise over O2C impact on earnings due to declining refining margins.
HDFC Life Q1 Results Preview: APE to rise 22% YoY to Rs 2,910 crore, VNB growth seen at 17%
HDFC Life Insurance Company is expected to report a 22% year-on-year increase in its annual premium equivalent (APE) to Rs 2,910 crore for the quarter ended June 30, 2024. However, on a sequential basis, APE may see a 40% decline according to the average estimates of three brokerages.
India Inc registers 501 deals valued at USD 21.4 bn in Q2 2024: Grant Thornton
Grant Thornton Bharat's Q2 2024 report shows 501 deals worth USD 21.4 billion. Despite a 28% value decrease post Reliance-Disney mega-merger, domestic investment and private equity remain strong. High-value deals (over USD 100 million) rose 58% with 30 significant deals. Political stability and policy clarity boosted traditional sectors like pharma and manufacturing, states Shanthi Vijetha.
M&M Q4 Results: Profit spikes 32% YoY to Rs 2,038 crore, revenue jumps 11%
M&M Q4 Results: The Board has also recommended a dividend of Rs 21.10 (422%) per share. For the auto segment, the fourth quarter volumes increased to 21.5 lakh, with highest ever utility volumes at 1.26 lakh. The company currently has open bookings of SUVs at 2.2 lakh
M&M announces final dividend of Rs 21 for financial year 2024
M&M announced a dividend of Rs 21.10 per share for FY24 with a 32% YoY spike in profit to Rs 2,038 crore. The revenue rose 11% YoY to Rs 25,109 crore. The company reported solid operating performance across multiple businesses in FY24. TechM showed a weak spot, with a new organization in place and progress on sustainability.
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18%
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.
Q4 results today: Vodafone Idea, M&M among 94 companies to announce earnings on Thursday
Q4 results today: 94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea's Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
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