PERVASIVE COMMODITIES LTD Q1 RESULTS
India Q1 FY25 GDP data: Will reviving rural growth beat effects of election-time capex lag?
India Q1 FY25 GDP data: India's economy is projected to grow between 6.9% and 7.2% in Q1 FY25, affected by lower government spending and slowed urban growth. Various forecasts predict slower quarter-on-quarter growth than the Reserve Bank of India's estimates, driven by election-related spending cuts and moderated urban consumption.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Oil and gas spoil India Inc show in June Quarter
In the June 2024 quarter, India's industry saw modest growth with a 9.4% net profit increase, mainly due to lower refining and marketing margins in the oil and gas sector. Banking and finance sectors performed well with significant revenue growth. The overall operating margin declined to 17.4%. Future growth hinges on rural demand revival post-monsoon.
Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai
Hindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soared 31% year-on-year to Rs 7,992 crore. MD Satish Pai stated that the company will stick with its Rs 600 crore guidance, focusing on profitability rather than top-line growth as aluminium prices influence revenue unpredictably.
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.
Eicher Motors shares jump 5% on posting 20% YoY rise in Q1 PAT. Should you invest?
Eicher Motors' shares gained 5% following a 20% year-on-year increase in consolidated net profit to Rs 1,101.46 crore for the June 2024 quarter. The company’s revenue grew by 10% to Rs 4,393 crore. Brokerages offered different target prices and ratings, indicating diverse predictions on the stock's potential performance going forward.
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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.
Vedanta shares rally 3% post Q1 results. What analysts say?
Vedanta Share Price: Vedanta's shares increased by 3% following its report of a 37% year-on-year growth in consolidated net profit, reaching Rs 3,606 crore for the first quarter. Revenue from operations grew by 6%, and EBITDA jumped by 47%. Analysts offered mixed views on the stock, with Nuvama recommending a buy and Motilal Oswal remaining neutral.
Britannia Q1 Results: Cons PAT jumps 10.5% YoY to Rs 506 crore, misses estimates
Britannia on Friday reported a 10.5% YoY rise in its June quarter consolidated profit to Rs 506 crore while revenue rose 4% YoY to Rs 4,130 crore.
Adani Enterprises Q1 Results: Cons PAT zooms 116% YoY to Rs 1,454 crore
Adani Enterprises Q1 FY25 Results: Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22644 crore in the corresponding period of last year.
Adani Enterprises to demerge food FMCG biz, integrate it with Adani Wilmar
The demerger scheme also includes Adani Enterprises' strategic investment in Adani Commodities. The demerger will also provide scope for independent collaboration and expansion, it said.
Maruti Suzuki shares climb 4% to hit 52-week high on strong Q1 performance. Should you buy, sell or hold?
Maruti Suzuki Shares Price: Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.
Maruti Suzuki Q1 Results: Profit soars 47% YoY to Rs 3,650 crore, beats estimates
Maruti Suzuki Q1 Results: India's largest carmaker, Maruti Suzuki, saw a 46.9% YoY rise in standalone profit to Rs 3,650 crore for Q1, exceeding the Street estimate of Rs 3,467 crore. However, revenue grew 9.82% YoY to Rs 33,875 crore, missing the Rs 34,770 crore estimate. Margins were 12.6%, above the 12% forecast, driving shares up over 4% to a record Rs 13,390 on the BSE.
Tata Motors Q1 Preview: PAT may jump 48% YoY; JLR to put up a decent show
Tata Motors Q1 Expectations Preview: Analysts expect JLR volumes (excluding China JV) to increase by 9% YoY led by strong growth in Range Rover, Range Rover Sport and Defender model volumes. Overall, revenues (ex China JV) to increase by 6% YoY in 1QFY25.
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.
Tata Consumer Q1 Preview: Revenue may grow 13% YoY; margins to expand
Tata Consumer Products saw a significant revenue boost in the first quarter, fueled by solid growth in the India foods segment and moderate performance in beverages. Profit estimates from analysts were mixed. Improved EBITDA margins are anticipated, while tea and coffee prices remain key factors. Various segments experienced mixed growth trends amid cost challenges.
Ashok Leyland MD on Q1 results, plans to list subsidiaries & more
Ashok Leyland, led by CEO Shenu Agarwal, expressed strong potential in its subsidiaries like Hinduja Leyland Finance, Hinduja Housing Finance, and Hinduja Technologies. Despite election impacts, Q1 volumes hit record highs. Prospects look promising for FY25. Agarwal also says that a lot of positive momentum is building and he expect sQ2 also will be good.
Nestle India Q1 Results: Profit rises 7% YoY to Rs 747 crore, misses estimates
Nestle India Q1 Results: During the quarter, the MNC packaged foods company's 5 top brands grew by double digits. Despite a hot summer in India, its beverages business thrived with strong growth. Innovations contributed to a 30% growth in prepared dishes and cooking aids.
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.
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.
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.
Polycab Q1 Results: PAT drops marginally to Rs 402 crore; revenue jumps 21%
The company’s revenue from operations reached ₹4,698 crore in the June quarter. However, this was accompanied by a 170 basis point contraction in margins to 12.4%, primarily due to a shift in the business mix towards lower-margin segments, resulting in an EBITDA of ₹583 crore.
Q1 results today: Bajaj Auto, L&T Finance among 24 companies to announce earnings on Tuesday
24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
Bajaj Auto Q1 Preview: PAT may grow 19% YoY; EBITDA margins to expand up to 100 bps
Bajaj Auto is expected to show strong growth in Q1 with a 17% YoY increase in net profit and 14% YoY jump in net sales. Analysts predict EBITDA margins to expand by 90-100 bps due to a richer product mix.
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.
Q1 result season begins: 30 companies may report over 100% growth in profit
Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
Hero MotoCorp declared a final dividend of Rs. 40 per share. This dividend together with interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal, of Rs.100 per equity share, takes the aggregate total dividend for the year 2023- 24 to Rs. 140 per equity share.
CDSL opens record 1.09 crore Demat accounts in Q4
On Friday, CDSL announced its March quarter earnings where it reported a 52% increase in annual profit after tax (PAT), and a 105% increase in quarterly PAT. The total standalone income reported by the company for FY24 stood at 743 crore, which was a 37% YoY jump. On the consolidated basis, the total revenue stood at Rs 907 crore which was 46% higher than what it reported in the yea
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