PEETI SECURITIES LTD Q3 RESULTS
![FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?](https://img.etimg.com/thumb/msid-112557018,width-100,height-75,resizemode-4/markets/stocks/news/fii-selloff-hits-rs-30000-crore-since-budget-but-why-arent-alarm-bells-ringing.jpg)
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.
![Vodafone Idea shares rally over 3% after narrowing Q1 losses. Should you invest?](https://img.etimg.com/thumb/msid-112516304,width-100,height-75,resizemode-4/markets/stocks/news/vodafone-idea-shares-rally-over-3-after-narrowing-q1-losses-should-you-invest.jpg)
Vodafone Idea shares rally over 3% after narrowing Q1 losses. Should you invest?
Vodafone Idea's shares climbed 3.5% as it narrowed its Q1 2024 losses to Rs 6,432 crore. Revenue dipped slightly by 1.38% to Rs 10,508 crore. The company's ARPU grew to Rs 146 from Rs 139. Brokerages provided differing opinions on Vodafone Idea's future, amid concerns about debt and government support.
![Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY](https://img.etimg.com/thumb/msid-112472837,width-100,height-75,resizemode-4/markets/stocks/earnings/hero-motocorp-q1-higher-volumes-to-drive-revenue-growth-pat-may-jump-by-up-to-35-yoy.jpg)
Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY
Hero MotoCorp's net profit for the quarter ending June 30, 2024, was projected between Rs 1,119 crore and Rs 1,926 crore, marking 14%-35% growth year-on-year. Revenue estimates ranged from Rs 10,232 crore to Rs 11,778 crore, driven by increased volumes and average selling prices. The company’s quarterly earnings were scheduled for announcement on August 13.
![Nykaa Q1 Preview: PAT seen growing multifold; BPC, fashion to drive revenues](https://img.etimg.com/thumb/msid-112467919,width-100,height-75,resizemode-4/markets/stocks/earnings/nykaa-q1-preview-pat-seen-growing-multifold-bpc-fashion-to-drive-revenues.jpg)
Nykaa Q1 Preview: PAT seen growing multifold; BPC, fashion to drive revenues
Nykaa Q1 Result Preview: FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.
![Bharat Dynamics shares tank 19% post Q1 results but ICICI Securities upgrades to buy](https://img.etimg.com/thumb/msid-112461002,width-100,height-75,resizemode-4/markets/stocks/news/bharat-dynamics-shares-tank-19-post-q1-results-but-icici-securities-upgrades-to-buy.jpg)
Bharat Dynamics shares tank 19% post Q1 results but ICICI Securities upgrades to buy
Bharat Dynamics’ Q1 profit after tax was Rs 7.21 crore, compared to Rs 41.81 crore in the same quarter last year. The PSU defense company’s revenue from operations in Q1FY25 dropped by 35.8% year-on-year to Rs 191.16 crore, down from Rs 297.72 crore. The company also reported an increased EBITDA loss of Rs 52.3 crore for the quarter ended June 2024, up from a loss of Rs 32.6 crore in the corresponding quarter of the previous financial year.
![Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix](https://img.etimg.com/thumb/msid-112343462,width-100,height-75,resizemode-4/markets/stocks/earnings/eicher-motors-q1-preview-revenue-may-rise-by-up-to-7-2-yoy-to-rs-4273-crore-on-richer-product-mix.jpg)
Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix
Eicher Motors Q1 Result Today: Eicher Motors' net profit for the quarter ended June 30, 2024, was projected between Rs 943 crore and Rs 1,034 crore. Revenue estimates ranged from Rs 4,178 crore to Rs 4,273 crore. The profit rise was attributed to volume growth and higher average selling prices of Royal Enfield motorcycles, according to multiple brokerages.
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Bharti Airtel Q1 Preview: Revenue may grow by 3% YoY to Rs 38,488 crore, outlook positive
Bharti Airtel is expected to report a revenue of Rs 38,488 crore for Q1 FY24, marking a 2.6% YoY increase. Net profit estimates range from Rs 2,068 crore to Rs 3,922 crore. Axis Securities has the highest revenue estimate at Rs 38,996 crore, and Prabhudas Lilladher forecasts a decline in adjusted PAT.
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.
Dabur Q1 Preview: Domestic volumes to drive revenue growth by 6% YoY; margins to expand
Dabur India’s revenue for Q1 2024 likely witnessed a 6% year-on-year growth, driven by rural market improvement and international business. Domestic volumes reportedly grew by 5-6%, with gross margins expected to improve by up to 200 bps YoY. Higher ad-spends were seen moderating EBITDA margins slightly.
ITC Q1 Preview: Cigarettes to drive earnings growth, but agri and paper remain weak
ITC Ltd reported a notable revenue growth for Q1 2024, primarily fueled by its cigarettes and hotels businesses. Revenue increased by 6% compared to the same period last year, and net profit saw a 3% rise. However, the paper and agri segments continued to face challenges, impacting overall margins.
Mahindra and Mahindra Q1 Preview: Revenue may rise 16% YoY, but profit seen muted
Mahindra and Mahindra experienced notable revenue growth in Q1 FY24, driven by robust performance in its tractor and automotive segments. While revenue increased about 16%, profits remained flat or saw a slight decline. The company's overall volume grew by 11%, bolstered by 13% growth in autos and 6% in tractors.
Maruti Suzuki Q1 Preview: PAT may jump 30% YoY; revenue growth seen stable
Maruti Suzuki's first quarter of 2024 showed stable revenue growth with a 7% year-on-year increase, supported by rising utility vehicle sales. Net profit rose by 30%, and operating efficiency improved due to lower raw material costs. However, the average selling price remained flat over the period.
IDFC First Bank tumbles 3% after Q1 results. Should you buy, sell or hold?
IDFC First Bank Share Price Today: IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).
Dr Reddy's Q1 Preview: PAT may fall 4% YoY on pricing pressure, subdued US sales
In the preceding March quarter, Dr Reddy's reported a consolidated net profit growth of 36% year-on-year to Rs 1,307 crore, while revenue from operations rose 12% year-on-year to Rs 7,083 crore.
SBI Life shares climb 3% to 52-week high after Q1 results. Should you invest?
SBI Life reported a 36% increase in Q1 net profit to Rs 520 crore, leading to shares reaching a 52-week high. Analysts recommend buying the stock due to the company's growth and strategic advantages. Read the full article for details.
Nestle India Q1 Results Preview: PAT may grow 13% YoY; margins to expand on deflation in prices
Analysts estimate an EBITDA margin expansion anywhere between 90 bps and 237 bps, due to sharp deflation in palm oil and milk prices and operating leverage. Investors can watch out for management commentary around demand in urban and rural areas and raw material costs.
Axis Bank Q1 Results today: Profit seen to jump 11% YoY; NIMs to decline
Axis Bank’s Q1 results, to be released on July 24, may show 11% NII growth, 12% net profit increase, and 15% loan growth. NIMs are likely to drop by 6-8 bps. Analysts foresee Rs 4,500 crore PSL slippages and cost pressures affecting NII growth and ratios. March quarter profit was Rs 7,130 crore.
HUL Q1 Results Today: Revenue growth seen to be flat, PAT uptick marginal
Axis remains most conservative on the PAT figures, estimating a 1% decline to Rs 2,479 crore in the April-June quarter while Prabhudas most bullish with estimates of 2.5% uptick at Rs 2,562 crore. As for the company revenue in the said quarter, Prabhudas has the highest estimates while Axis has the lowest one. A flat to 2% YoY revenue uptick is seen in Q1.
Bajaj Finance Q1 Preview: PAT may rise 16% YoY; NII should see strong growth
Bajaj Finance's June 2024 quarter results indicate 16% PAT and 26% NII growth, with 10% more new loans and a 30% increase in AUM. March profits were Rs 3,824 crore. Axis reports stable C-I Ratio; Kotak expects 10% NIM. Motilal highlights 31% YoY AUM growth, 7% QoQ loan growth, 4.1% cost-to-AUM, 34% CIR, and 1.7% credit costs.
JSW Steel shares drop 3% post 64% YoY fall in Q1 profit. Should you still invest?
JSW Steel saw a 2.5% drop in shares after reporting a 64% decline in net profit for Q1. Brokerage firms have mixed views on the stock, with varying target prices. Despite challenges, the company remains optimistic about growth prospects.
HDFC Bank shares surge 3% post Q1 results. Should you buy, sell or hold?
HDFC Bank's stock rose 3% to Rs 1650.7 on BSE. Q1FY25 net profit was Rs 16,175 crore, up 35% YoY but down 2% QoQ. Interest earned was Rs 73,033 crore, expended Rs 43,196 crore.
After recent tariff hike, Jio ARPU to get boost: Analysts
Reliance Jio’s robust net profit growth in Q1 FY25 was attributed to lower depreciation and amortization costs and reduced network expenses due to moderated 5G capital expenditures. Analysts expect Jio's recent tariff hikes to significantly boost ARPU in upcoming quarters, with estimates projecting ARPU growth to Rs 201/224/259 by FY25/26/27. Despite concerns over rising selling and distribution costs, Jio’s EBITDA margins improved, driven by efficient cost management and tariff increases. Jio's 5G expansion and new pricing strategies are expected to further enhance revenue and profitability.
Kotak Bank Q1 results preview: PAT may grow by 7% YoY to Rs 3,682 crore, 13% jump in NII seen
Kotak Mahindra Bank's Q1FY25 profit is projected at Rs 3,682 crore, up 7% YoY, with NII of Rs 7,053 crore, a 13% increase. Yes Securities forecasts Rs 3,883 crore PAT, while BNP Paribas estimates Rs 3,520 crore. Earnings release on July 20. PPOP, credit costs stable, asset quality controlled. Loan growth, cost ratios, appraisal season are key factors.
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.
Q1 results today: HCL Tech, IREDA among 14 companies announce earnings on Friday
TCS has started the first quarter earnings season with positive results, signaling an improved business environment. Today, HCL Tech, along with 13 other companies, will announce their earnings for the quarter ended June. Other notable companies reporting earnings include 5paisa Capital, Atharv Enterprises, Betala Global Securities, Gautam Gems, Golkonda Aluminum, Indo Cotspin, Infomedia Press, IREDA, and Oriental Hotels.
Q1 results today: TCS, Anand Rathi Wealth among 17 companies to announce earnings on Thursday
Tata Consultancy Services (TCS) and 16 other companies, including Akme Fintrade, will report Q1 results on Thursday. TCS anticipates an 8% profit rise. Prabhudas Lilladher and ICICI Securities provided top estimates. Kotak Equities predicts 5% sales growth. Revenue growth from strong orders; weakness in financial services. EBITDA up 10%; wage revision affects EBIT margins; sequential growth; weak telecom revenues expected.
Tata Steel board approves Rs 3,000 crore fundraise via NCD route
It plans to raise upto Rs 3,000 crore through non-convertible debentures (NCDs) on a private placement basis.
United Spirits shares rally 3% after Q4 results. Should you buy, sell or hold?
United Spirits (USL) shares experienced a 3% surge on the BSE. This increase came after the company announced a significant rise in consolidated net profit, which doubled to Rs 241 crore for the March quarter.
Nykaa shares rally 3% after Q4 results. What brokerages recommend you should do
The company also posted a 28% year-on-year (YoY) increase in operating revenue for the March quarter to Rs 1,667 crore led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter.
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