PARTY CRUISERS LTD Q1 RESULTS
FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?
FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.
Byju’s-BCCI settlement in trouble; Ola Electric Q1 loss widens
In a setback for Byju’s, the Supreme Court has stayed the NCLAT's approval of its settlement with the BCCI. This and more in today’s ETtech Top 5.
Delhivery CEO on q-commerce & more; Rapido’s rising GMV
Happy Friday! Delhivery’s CEO Sahil Barua spoke exclusively to ETtech about quick commerce and more. This and other big stories in today’s ETtech Morning Dispatch.
Sony Q1 Results: Co posts 10% profit rise on image sensor strength
Sony achieved a 10% increase in operating profit for April-June, driven by its image sensor business. This segment, vital to smartphone makers, saw profits triple. PlayStation 5 sales were down compared to last year, but gains in software sales helped the gaming segment. Sony aims to sell 18 million PS5 units this year.
Fino Payments Bank Q1 Results: Profit jumps 30% to Rs 24.3 crore, digital business grows 15%
Fino payments bank reported a total profit of Rs. 24.3 crores in the first quarter of this fiscal, up 30% from the last year, while the overall throughput grew 39% on year to Rs. 1,05,610 crores.
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.
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AU Small Finance Bank Q1 Results: PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence
The bank has received its board approval for applying for the coveted license. The board has also formed a committee of directors to vet the application. The committee includes chairman HR Khan, independent directors Pushpinder Singh and MS Sriram and managing director Sanjay Agarwal.
Adani Energy Solutions Q1 Results: Company posts a net loss of Rs 1,191 crore
Adani Energy Solutions (AESL), formerly Adani Transmission Ltd, on Thursday, reported a consolidated net loss of Rs 1191 crore against a profit of Rs 182 crore for the quarter ended June 30. The loss was on account of an exceptional item.
D-Street's cooling earnings momentum set to challenge stock rally
HDFC Bank Ltd. and Bank of Baroda Ltd. posted a sequential drop in credit growth, suggesting that lenders — who have the highest weighting in the index are struggling to keep up the rapid expansion seen in recent years.
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.
France elections 2024 results: French PM Gabriel Attal offers resignation. Is Paris heading for political turmoil?
France elections 2024 results projections have predicted bad news for President Emmanuel Macron’s centrist alliance and the far right as left coalition is in the pole position.
France Election 2024 results: Marine Le Pen's far-right is winning, claim exit polls
France Election 2024 results are keenly awaited ever since French President Emmanuel Macron called snap elections. However, several exit polls have claimed that Marine Le Pen's far-right National Rally (RN) party is winning the first round of the country's Parliamentary elections.
Valuable lessons BJP needs to learn from Maharashtra and UP results
In Maharashtra and Uttar Pradesh, the BJP got some critical decisions wrong, which resulted in it falling short of a majority on its own in Parliament
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
UK elections results 2024: PM Rishi Sunak's party faces defeat. What does this mean for Britain's politics?
UK Conservatives have faced their worst defeat in the local council elections whose results are still being declared. Analysts suggest an early general election could be the way forward, according to reports.
JSW Infrastructure Q4 Results: Net profit rises 9% to Rs 329 crore
JSW Infrastructure on Friday reported 9 per cent increase in consolidated net profit to Rs 329 crore for the fourth quarter ended March 2024. The company had clocked a profit of Rs 302.26 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
Hilton Q1 Results: Revenue rose 12% to $2.57 billion; co lifts profit forcast
Hilton Worldwide Holdings beat Wall Street estimates for first-quarter revenue and raised its 2024 profit forecast on Wednesday, banking on rebounding international and group travel and its expanding hotel portfolio to boost results.
AU Small Finance Bank Q4 Results: Profit falls 13% YoY to Rs 371 crore
The bank has taken a one-time pre-tax exceptional impact of Rs 77 crore in the fourth quarter towards Fincare merger-related expenses including stamp duty. The bank’s board has recommended a dividend of Re 1 per equity share of face value of Rs 10 for FY24.
Infosys Q4 Results Preview: Weak discretionary spending to weigh on sales, FY25 guidance seen conservative
Infosys Q4 Preview: For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.
TCS beats the estimates. Will other 5 IT majors be able to do it? If yes, this 13.05% will change the Nifty’s behaviour for good
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
Infosys vs TCS: Who is poised to win in this Q4 IT battle?
TCS and Infosys are set for Q4 IT battle with muted industry performance expected. TCS eyes strong growth, while Infosys anticipates recovery in FY25. Margins favor TCS. Market outlook cautious amidst global uncertainty.
TVS Motor crosses Rs 1 lakh crore m-cap as stock jumps 4% to fresh 52-week high
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal.
Vodafone Idea Q3 Results: Net loss narrows to Rs 6,989 crore on lower finance and operational costs
Operating income stood at an 11-quarter high, backed by growth in its 4G user base for the 10th straight three-month period, with average revenue per user (ARPU) – a key operational metric - rising 2.1% sequentially to Rs145. Arpu was mainly helped by “change in entry level plan and subscriber upgrades", Vi said in its earnings statement Monday.
Vodafone Idea Q3 Results: Cons loss narrows to Rs 6,986 crore; ARPU up 7.4% YoY to Rs 145
Vodafone Idea Q3 Results: Consolidated revenue from operations rose a marginal 0.6% year-on-year (YoY) to Rs 10,673 crore, but it declined 0.4% sequentially. The growth in revenue was supported by improving subscriber mix, 4G subscriber additions and change in entry-level plan, the telecom operator said.
Vodafone Idea Q1 Results: Net loss widens to Rs 7,840 crore; ARPU at Rs 139
Revenue from operations rose by a marginal 2% to Rs 10,655 crore in the first quarter, compared with Rs 10,410 crore in the same quarter of last year. The total gross debt (excluding lease liabilities and including interest accrued but not due) stood at Rs 2.11 lakh crore at the end of June quarter
Tata Power Q1 Results: PAT jumps 22% YoY to Rs 972 crore, sales rise 5%
The cost of purchased power during the quarter stood at Rs 5,392 crore, compared to Rs 5,123.2 crore a year ago. Fuel cost declined to Rs 3,473.4 crore in the quarter from Rs 4,216 crore a year ago
M&M Financial Q1 Results: Net profit zooms 58% YoY to Rs 353 crore on higher loan disbursements
Total income for the quarter was Rs 3,125 crore, up 25% y-o-y, aided by growth in asset book, a release by the NBFC said. Disbursements at Rs 12,165 crore were higher by 28% y-o-y. Loan book increased sequentially by 4.8% to Rs 86,732 crore.
Reliance Jio Q1 Results: Profit rises 12% YoY to Rs 4,863 crore, ARPU at Rs 180.5
Reliance Jio's ARPU or average revenue per user increased 2.8% YoY to Rs 180.5 driven by better subscriber mix and ramp-up of wireless business. Jio continued to lead industry’s net subscriber addition with 9.2 million adds in 1Q FY24. Monthly churn also reduced to 1.8% during the quarter.
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