PC JEWELLER LTD Q2 RESULTS
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.
After 3 straight quarters of losses, these 10 companies cherish profits in Q1. Should you bet?
India's corporate earnings had a weak start in the first quarter of fiscal year 2025, with subdued revenues and negative profit growth. Despite this, ten companies, such as ASM Technologies and PC Jewellers, returned to profitability. Analysts recommend a careful, stock-specific approach due to elevated valuation risks in mid and small-cap sectors.
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:
Q1 results today: Bharti Airtel among 109 companies to announce earnings on Monday
Q1 Results Today 05 August: In the first quarter earnings season, 109 companies released their financial results. Bharti Airtel was projected to achieve Rs 38,488 crore in revenue for Q1 2024, showing a 2.6% annual rise. Estimated net profits varied between Rs 3,922 crore and Rs 2,068 crore, with challenges noted in the DTH sector and ARPU stabilization.
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.
Gold moving out of duty cloud brings shine to jeweller stocks
Shares of Kalyan Jewellers were the top gainer at 6.2%. PC Jeweller, RBZ Jeweller and Vaibhav Global rose between 1.7% and 5%. Titan inched 0.1% higher. TBZ fell 1.8% and Senco Gold fell 1.7%.
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HUL shares plunge over 3% after Q1 results. Should you buy, sell or hold?
Despite reporting a 3% YoY increase in net profit at Rs 2,538 crore for the quarter ending June 30, 2024, in line with the Street's estimate of Rs 2,541 crore, Hindustan Unilever (HUL) saw its shares plummet by 3.3% to Rs 2,674 in Wednesday's intraday trade on BSE.
Video games on PlayStation 5/4, Xbox X/S/One, PC: Release dates, key details
PlayStation 5/4, Xbox X/S/One and PC users will have new video games to play this week. We have release dates, and key details.
Hathway Q1 Results: Net profit declines 18% YoY to Rs 18.3 crore, revenue at Rs 502.6 crore
Hathway Cable & Datacom Ltd -- provider of cable and internet services -- on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter. The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group.
Q1 results today: Asian Paints, LTIMindtree among 22 companies to announce earnings on Wednesday
A total of 22 companies, including Asian Paints and LTIMindtree, will announce their first quarter results. Analysts predict revenue growth and profit increases for both companies. Investors are advised to keep an eye on key performance indicators and market commentary.
Citigroup Q2 Results: Profit beats on surge in investment banking, services strength; but shares fall 3%
The third-largest U.S. lender reported a profit of $1.52 per share for the three months ending June 30, surpassing analysts' expectations of $1.39, according to LSEG data. Warren Kornfeld, senior vice president in the financial institutions group at Moody’s Ratings, noted that these results highlight Citi's challenging path toward achieving its shareholder returns target of 11% to 12%, up from 7.2% in the second quarter.
Cement sector sees marginal growth of 2-3 pc in Q1FY25: Icra
The cement sector experienced a modest 2-3 per cent growth in Q1 due to a slowdown in construction during the Lok Sabha polls, but FY2024-25 is expected to see a 7-8 per cent increase driven by infrastructure and housing demand. Top players are set to consolidate, expanding capacity and improving operating profits by 1-3 per cent from softened raw materials prices. Cement makers are also increasing green power usage to reduce emissions by 15-17 per cent in the coming years.
Sales of listed private non-financial cos register 6.9 pc growth in Q4 of FY24
Sales of listed private non-financial companies registered a growth of 6.9 per cent in the fourth quarter of 2023-24 compared to a 5.5 per cent rise in the previous quarter, according to the Reserve Bank data released on Thursday. The sales growth of these companies was 8 per cent in the January-March quarter of 2022-23.
Q4 Results: Prestige Estates profit down 70% to Rs 140 cr
Prestige Estates Projects, a leading real estate developer, reported a 70% decline in net profit to Rs 140 crore for the quarter ending March 2024. Despite the decrease, the company saw growth in the 2023-24 fiscal year, with increased total income and net profit.
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
LT Foods Q4 Results: Net profit rises 14% YoY on strong sales
LT Foods, owner of basmati rice brands 'Daawat' and 'Royal', on Friday posted a 14 per cent jump in consolidated net profit at Rs 150.24 crore for the fourth quarter of fiscal 2023-24 on robust sales. The company's profit stood at Rs 131.81 crore a year earlier.
Great Eastern Shipping Company Q4 Results: Net profit rises 25% YoY to Rs 905 crore
The company's consolidated revenues during the quarter under review also rose to Rs 1,726.25 crore from Rs 1,550.27 crore in the year-ago period. The company's total expenses declined during the quarter to Rs 784.66 crore from Rs 853.22 crore in the year-ago period.
Kalyan Jewellers Q4 Results: Cons PAT zooms 97% YoY to Rs 137 crore
Jewellery major Kalyan Jewellers recorded a consolidated revenue of Rs 18,548 crore in FY24 as against Rs 14,071 crore in the previous year, a growth of 32%. Consolidated profit after tax (PAT) for FY24 stood at Rs 596 crore, a 36 per cent rise over FY23.
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.
Kalyan Jewellers, Sky Gold, 2 more jewellery stocks turned multibaggers since last Akshaya Tritiya
As India marks Akshaya Tritiya today, it's worth noting that the Sensex has surged by 12,750 points, moving from 59,655 on April 21, 2023, to 72,404 on May 9, 2024.
PlayStation 5, Nintendo Switch, PC new video game this week. Details here
PlayStation 5, Nintendo Switch and PC users are set to get a new video game this week as "Animal Well" will drop for gamers.
Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy
Abneesh Roy from Nuvama Institutional Equities discusses Britannia's positive growth outlook despite local competition and tech disruption, while also reflecting on challenges faced by Titan in the jewelry segment and eyewear business.
Despite selling by Dalal Street big bulls, 4 smallcap stocks turned multibaggers in Q3
Multibaggers Stocks: Despite selling by mutual funds and foreign investors, Allcargo Terminals, PC Jeweller, and MSTC saw significant returns in the last quarter. Allcargo Terminals' stock hit a lifetime high with 102% returns and a decrease in mutual fund holding from 1.30% to 0.55% and FII holding from 8.22% to 7.61%. PC Jeweller gave 123% returns with MFs exiting the company and FIIs reducing their holding.
No Hera Pheri! '25 din mein paisa double' just happened in these 6 multibagger stocks
Is '25 din mein paisa double' possible in stock markets without doing any 'Hera Pheri'? We ran a screener and found that at least 6 stocks have more than doubled wealth. But those new to the market must not forget that investing is a long-term business and not a get-rich-quick scheme. '25 din mein paisa double' is an exception and not the rule.
SBI takes possession of PC Jewellers Ltd promoters residential properties
In a notification, the lender cautioned the public not to deal with the property and that any dealings with the property would be subject to the charge of the bank for an amount of Rs 1,267 crore, as well as the amount outstanding to other secured creditors. Already, the State Bank of India has filed a case against PC Jewellers in the National Company Law Tribunal, or NCLT.
Kalyan Jewellers Q2 Results: Consolidated PAT up 27.33% at Rs 134.87 crore
Revenue from operations of the company grew by 27.11 per cent during the quarter under review at Rs 4,414.53 crore, compared to Rs 3,472.91 crores in the same period of the previous fiscal.
Birlasoft Q2 Results: PAT grows 26% to Rs 145 crore
The revenue from operations in the quarter under review rose 9.8 per cent to Rs 1,309 crore against Rs 1,192 crore in the year-ago period.
Blue Star Q2 Results: Net profit jumps 66% YoY to Rs 71 crore
Its revenue from operations during the quarter under review rose 19.47 per cent to Rs 1,890.40 crore. It was Rs 1,582.29 crore in the year-ago period.
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