PH TRADING LTD Q2 RESULTS
![India's GDP hits 15-month low of 6.7% in Q1FY25](https://img.etimg.com/thumb/msid-112921078,width-100,height-75,resizemode-4/news/economy/indicators/indias-gdp-grows-in-q1fy25.jpg)
India's GDP hits 15-month low of 6.7% in Q1FY25
India's gross domestic product grew at 6.7 per cent for Q1FY25. Experts were anticipating moderate growth for this quarter, attributing their expectations to the general elections of 2024, a slump in urban consumption and a previously-sluggish rural growth. The Reserve Bank of India had in August projected India's GDP to grow at 7.1 per cent for the first quarter of fiscal year 2024-25.
![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.
![Zomato captains India Inc’s dream Team XI with over 1,000% profit growth](https://img.etimg.com/thumb/msid-112793975,width-100,height-75,resizemode-4/markets/stocks/news/zomato-captains-india-incs-dream-team-xi-with-over-1000-profit-growth.jpg)
Zomato captains India Inc’s dream Team XI with over 1,000% profit growth
The June quarter saw Zomato and 10 other companies achieving over 1,000% profit growth. Zomato's profit skyrocketed 12,550% year-on-year. Other remarkable performers were Shakti Pumps and Lotus Chocolate. Experts advise focusing on growth outlooks rather than past profits when making investment decisions.
![Q1 results shocker: 40 companies report more than 50% drop in profit](https://img.etimg.com/thumb/msid-112727284,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-results-shocker-40-companies-report-more-than-50-drop-in-profit.jpg)
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.
![Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?](https://img.etimg.com/thumb/msid-112622152,width-100,height-75,resizemode-4/markets/stocks/earnings/railway-sector-q1-review-average-pat-decline-16-qoq-revenue-down-24-what-are-your-cues.jpg)
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
![Ola Electric Q1 Results: Cons loss widens to Rs 347 crore YoY, revenue jumps 32%](https://img.etimg.com/thumb/msid-112523256,width-100,height-75,resizemode-4/markets/stocks/earnings/ola-electric-q1-results-cons-loss-widens-to-rs-347-crore-yoy-revenue-jumps-32.jpg)
Ola Electric Q1 Results: Cons loss widens to Rs 347 crore YoY, revenue jumps 32%
Ola Electric Q1 Results: The EV two-wheeler maker had reported a net loss of Rs 267 crore in the last-year period. Revenue grew 32.3% to Rs 1,644 crore. The loss, however, narrowed compared to the previous quarter's Rs 416 crore. The company faced a 27% year-over-year increase in total expenses.
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Mazagon Dock Q1 Results: PAT skyrockets 121% YoY to Rs 696 crore, revenue rises 8.5%
Mazagon Dock Q1 Results: Revenue for the period was reported at Rs 2,357 crore. EBITDA saw a 273.5% jump. Shares rose 3%, driven by robust financial performance, with notable growth over the past year. The company's total income rose to Rs 2,628 crore, up from Rs 2405.42 crore in the corresponding period of the last year.
Allcargo Logistics Q1 Results: Net profit plummets 97% to Rs 3.36 crore
Allcargo Logistics Q1 Results: Allcargo Logistics' standalone net profit fell drastically by 97% to Rs 3.36 crore in Q1, compared to Rs 198.26 crore last year. However, their income from operations increased by 46%. Growth in their contract logistics and international supply chain has been noted. They expect continued demand through the year's peak season.
Honasa Consumer Q1 Results: Cons PAT zooms 63% YoY to Rs 40 crore, revenue jumps 19%
Mamaearth Q1 Results: Parent company Honasa Consumer reported a consolidated net profit increase of 63% to Rs 40 crore for the April-June 2024 quarter. Revenue from operations rose by 19% to Rs 554 crore. The product business grew by 20.3% with an EBITDA margin expansion of 201 bps to 8.3%.
Grasim Q1 Results: Firm reports Rs 52 cr standalone loss versus Rs 355 cr yr-ago profit
Grasim experienced a Rs 52.12 crore standalone loss in the June 2024 quarter, falling from a Rs 355 crore profit a year ago. Revenue grew 11% YoY to Rs 6,894 crore, driven by its diversified businesses. However, the chemicals segment saw a revenue decrease. Grasim shares were up 1.17% to Rs 2,574.45 on NSE.
Trent Q1 Results: Profit zooms 131% YoY to Rs 342 crore, revenue soars 57%
Trent's net profit surged by 131% YoY to Rs 342 crore for Q1 ended June 2024, with revenue from operations rising 57% YoY to Rs 3,992 crore. The company expanded to 178 cities, with emerging categories now contributing over 20% to revenues. Trent shares increased 8.7% post-results announcement.
Aadhar Housing Finance Q1 Results: PAT jumps 37% YoY to Rs Rs 200 crore
The total assets under management for the housing finance company stood at Rs. 21,726 crore, a 21% growth on year, from Rs. 17,947 crore
NSE Q1 Results: Cons PAT rises 39% YoY to Rs 2,567 crore, revenue jumps 51%
NSE Q1 Results: Revenue from operations for the reported quarter stood at Rs 4,510 crore. The net profit margins for Q1 FY25 were 52%. During this quarter, the bourse allocated an additional Rs 587 crore to enhance the Core Settlement Guarantee Fund (SGF) corpus, raising it to Rs 10,500 crore as recommended by SEBI. After this contribution, the core SGF corpus will stand at Rs 9,726 crore.
Lupin shares surge 6%, hit 52-week high post robust Q1 result
Lupin Share Price: Lupin's shares jumped 6% to a 52-week high after the company announced a 77.2% increase in net profit for the June quarter of FY25. The firm's net profit was Rs 801.3 crore, and revenue rose 16.3% to Rs 5,600.3 crore. Nomura maintained a 'Buy' rating, forecasting continued growth.
Vedanta Q1 Results: Profit grows 37% YoY to Rs 3,606 crore
Vedanta Q1 Results: Vedanta posted a 37% year-on-year increase in consolidated net profit to Rs 3,606 crore for the first quarter, up from Rs 2,640 crore last year. Revenue grew 6% year-on-year to Rs 35,239 crore. The company's EBITDA surged by 47%, with margins at 34%, attributed to robust cost reduction efforts.
TVS Motor Q1 Results: Standalone net profit jumps 23% YoY to Rs 577 crore, revenue rises 16%
TVS Motor Q1 Results: Standalone revenue from operations for the quarter rose by 16% YoY to Rs 8,376 crore as against Rs 7,218 crore in the year-ago quarter. In the first quarter of FY25, the company achieved its highest-ever operating EBITDA of Rs 960 crore, marking a significant 26% increase compared to the Rs 764 crore recorded in Q1 of FY 2023-24.
Shree Cement Q1 Results: PAT declines 51% YoY to Rs 278 crore; revenue rises marginally
Shree Cement Q1 Results: During the first quarter of the 2025 fiscal year, the company reported a 1.75% increase in revenue from operations, reaching Rs 5,123.9 crore compared to Rs 5,035.6 crore in the same period last year. Total expenses also rose by 4.4% to Rs 4,618 crore from Rs 4,422 crore in the first quarter of the previous fiscal year. Despite these figures, the company's stock price experienced a slight decline of 0.2% to Rs 26,682 following the release of the earnings report.
Hindustan Zinc Q1 Results: Cons PAT jumps 19% YoY to Rs 2,345 crore, revenue rises 11%
Hindustan Zinc Q1 Results: The company's revenue from operations for the period reached Rs 7,893 crore, marking an 11% increase from Rs 7,111 crore in the same period last year. The EBITDA for the June quarter rose by 18% year-on-year to Rs 3,946 crore, compared to Rs 3,347 crore a year ago. Margins improved by 257 basis points to 48.5%.
Dabur Q1 Results: Cons PAT rises 8% YoY to Rs 500 crore, meets Street estimates
Dabur Q1 Results: The company had posted a net profit of Rs 463.88 crore in the year-ago period. The revenue from operations for the reported quarter saw a jump of 7% to Rs 3,349.11 crore. It was Rs 3,130.47 crore in the corresponding quarter of the previous financial year. The stock was trading at Rs 645.05 on the NSE, a gain of 1.47% over Wednesday’s closing price.
Sun Pharma Q1 Results: Net profit rises 40% YoY to Rs 2,836 crore, beats estimates
Sun Pharma Q1 Results: Sun Pharma reported a 40% increase in consolidated net profit to Rs 2,836 crore, surpassing estimates of Rs 2,638 crore. Revenue rose 6% YoY to Rs 12,653 crore. EBITDA grew 8% YoY to Rs 3,608 crore with margins at 28.5%. India formulation sales reached Rs 4,144 crore, up 16%, constituting 33.1% of total sales.
Adani Ports Q1 Results: Cons PAT climbs 47% YoY to Rs 3,113 cr, revenue up 11%
Adani Ports reported a 47.2% rise in consolidated profit for the June quarter, totaling Rs 3,113 crore. Revenue saw an 11.34% increase to Rs 6,956.32 crore. EBITDA grew by 13.1%, with margins improving to 61%. CEO Ashwani Gupta commented on the strong financial performance, noting a temporary issue at Gangavaram Port, now resolved.
Godrej Properties Q1 Results: Cons PAT skyrockets 316% YoY, revenues decline 21%
Godrej Properties Q1 Results: The company reported revenue from operations of Rs 739 crore for the first quarter, compared to Rs 936.09 crore in the same quarter of the previous year. Despite this, the company's total income increased by 25% year-on-year to Rs 1,638 crore. Additionally, EBITDA for the fourth quarter surged by 237%, reaching Rs 774 crore, up from Rs 230 crore in the same period last year.
GAIL Q1 Results: Cons PAT soars 78% YoY to Rs 3,183 crore; revenue rises 6%
GAIL Q1 Results: The company's profit after tax grew 29% sequentially from the previous quarter, reaching Rs 2,469 crore. Revenue also saw a 6% increase compared to the last quarter of the previous fiscal year. EBITDA jumped 80% year-over-year to Rs 4,790 crore, leading to a significant improvement in EBITDA margins, which reached 13.8%. Total expenses increased slightly to Rs 31,393 crore compared to the same quarter last year.
IOC Q1 Results: Profit plummets 81% YoY to Rs 2,643 crore
Indian Oil Corp reported an 81% drop in standalone net profit to Rs 2,643 crore in Q1, down from Rs 13,750 crore a year ago. Revenue fell 2% YoY to Rs 2.15 lakh crore. EBITDA was Rs 8,636 crore with margins at 4.5%. Total expenses increased to Rs 2.13 lakh crore from Rs 2.03 lakh crore.
Varun Beverages Q2 Results: PAT jumps 26% YoY to Rs 1,262 crore, revenue up 28%
In Q2 CY2024, Varun Beverages reported a 32% increase in EBITDA to Rs 1,991 crore. Consolidated sales volume rose by 28.1% to 40.16 crore cases, up from 31.35 crore cases a year earlier, including 2.8 crore cases from BevCo. Approximately 46% of sales volumes were from low-sugar or no-sugar products.
Varun Beverages announces 2:5 stock split, interim dividend of Rs 1.25 per share
Varun Beverages, PepsiCo's franchise partner, declared a stock split in the ratio of 2:5 and announced an interim dividend of Rs 1.25 per share. The company's June quarter results showed a 26% year-over-year increase in profit, amounting to Rs 1,261.83 crore, with revenue growing by 28%.
Bajaj Finserv Q1 Results: Cons PAT rises 10% YoY to Rs 2,138 crore; total income jumps 35%
In the quarter ended June 2024, Bajaj Finserv's consolidated profit after tax (PAT) rose by 10% year-on-year (YoY) to Rs 2,138 crore, while its total income increased by 35% YoY to reach Rs 31,480 crore. Excluding the large tender-driven crop and government health businesses, growth was robust at 22%. Its profit after tax increased by 39%.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Markets remain steady before Union Budget with anticipated volatility. Oil prices decline for third consecutive day due to oversupply worries and subdued demand. Rupee hits record low against US dollar as Asian currencies weaken. Keep an eye on Q1 results from major firms.
UltraTech Cement Q1 Results: Cons PAT rises marginally to Rs 1,697 crore, revenue up 2% YoY
The revenue from operations stood at Rs 18,070 crore, which represents a 2% increase compared to Rs 17,737 crore reported by the company in the corresponding quarter of the last financial year. On a sequential basis, the cons PAT was down by 25% over Rs 2,258 crore reported by the cement maker in Q4FY24.
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