PITAMBAR COATED PAPERS LTD Q3 RESULTS
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.
The “second inning sector” list gets longer: 6 stocks from the paper industry for investors with appetite for logical risk
Whether it is power, infrastructure, railways, the list of sectors which are witnessing a “second innings” in terms of them making a comeback on fundamental operating parameters is getting longer. While some get into headlines because of their sheer size. There are some sectors like paper where there has been a turnaround after decades of headwinds. Probably it is a more sustainable turnaround because it has taken place through Darwin theory, which is the survival of the fittest player. How do they do it ? Either by changing the way they operate in terms of management ability, by adding new products or any others. From being troublemakers to the banking system to announcing expansion in new products. There are many things which have gone into making the paper companies a much stronger and better place than what they were a couple of years ago. Street is showing signs of shedding the bias against them, with a few stocks attracting institutional investors in the last few quarters. Probably these are the set of stocks which investors who have an appetite for logical risk.
Long-term, Nazara should continue to see healthier margins and faster growth: Nitish Mittersain
Nazara Technologies, led by Nitish Mittersain, reported continuous profits for the 14th quarter post-IPO. Investments in user acquisition, particularly for Animal Jam, resulted in revenue growth but compressed margins. The company focuses on acquisitions like Kiddopia to fuel future growth and aims to achieve Rs 300 crore EBITDA by FY27.
Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12%
At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal.
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, IPO action among 10 factors that will steer D-Street this week
The Street will react to major earnings reports from SBI, Divi’s Laboratories, Titan, and Britannia when markets resume trading on Monday. Additionally, 922 BSE-listed companies will announce April-June earnings, including Bharti Airtel and Tata Power. Indian markets will take cues from US market closures and GIFT Nifty futures.
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Paper, packaging segment affected by cheap Chinese supplies: ITC
Moreover, the company further noted that performance remained impacted due to muted domestic demand as well as surging wood prices in the Indian market. The company said that structural weakness in the Chinese economy persists. ITC also observed strong growth in Value Added agricultural products that were mainly driven by coffee and spices.
ITC Q1 Results: Standalone PAT rises marginally to Rs 4,917 crore, misses estimates
ITC reported a slight increase in its standalone net profit for the quarter ending June 30, 2024, reaching Rs 4,917.45 crore, up from Rs 4,902.74 crore a year earlier. However, this figure was below analysts' expectations of Rs 5,122 crore.
Q1 results today: ITC, Tata Motors among 88 companies will announce earnings on Thursday
Earnings season commenced with 88 companies announcing results. Key highlights included ITC, Sun Pharma, Tata Motors, Adani Enterprises, and Zomato reporting. ITC and Dabur anticipated revenue growth from cigarettes, hotels, and FMCG segments. Tata Motors projected strong profit growth. Zomato maintained robust performance from prior quarters, offering promising outlooks.
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.
Markets ought to be going down but continue to rise. Dinshaw Irani explains why
Dinshaw Irani, CEO of Helios Mutual Fund, emphasized their cautious strategy, avoiding overpriced midcaps and smallcaps while favoring largecaps due to moderate valuations. Despite a market rally not supported by earnings, domestic flows have sustained the market. Irani discussed sector performance, potential future rate cuts, and concerns about speculative F&O trading.
Asian Paints Q1 Results: Cons PAT drops 24% YoY to Rs 1,170 crore; misses estimates
Asian Paints Q1 Results: The paint manufacturer experienced a 2.3% decrease in consolidated revenue from operations for Q1FY25, reaching Rs 8,943 crore, compared to Rs 9,154 crore in the same quarter of the previous year. Standalone net sales also saw a decline of 2.9%, amounting to Rs 7,853 crore. Profitability was also impacted, with the company's consolidated PBDIT falling by 20.2% to Rs 1,694 crore from Rs 2,121 crore in the previous year. This decline resulted in a PBDIT margin of 18.9%, down from 23.2% in the corresponding quarter of the last financial year.
TCS Q1 results; Pine Labs, Swiggy valuations slashed
Indian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on today's ETtech Top 5.
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.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates
ITC Q4 Results: Revenue from operations rose 2% year-on-year (YoY) to Rs 19,446 crore in the January-March 2024 period, compared with Rs 19,058 crore in the corresponding period of last year. The Board has also recommended a final dividend of Rs 7.50/share for the financial year ended March.
Consumption demand remained subdued in Q4, rural India recovered after several quarters: ITC
FMCG major ITC notes subdued Q4 consumption but rural demand recovery. Q4 profit below estimates at Rs 5,190 crore; revenue up 2% to Rs 19,446.5 crore. Cigarette revenue rises 7.7%, FMCG (excluding cigarettes) up 7.2%, impacted by low priced Chinese supplies and trade restrictions on agri commodities affecting agri business segment.
ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract
Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year increase, with the hotels segment expected to perform strongly. In the previous December quarter, ITC recorded a 6% rise in consolidated net profit, amounting to Rs 5,335 crore.
Berger Paints India Q4 Results: Standalone net profit falls over 7% YoY to Rs 181.6 crore
Berger Paints India has crossed Rs 10,000 crore in sales and Rs 1,000 crore in profit in 2023-24 (Apr-Mar), helped by double-digit growth in sales volume and operating profit growing by nearly a fourth.
Repco Home Finance Q4 Results: Profit jumps 32% YoY to Rs 82 crore
Total income for the quarter stood at Rs 397 crore against Rs 344 crore while net interest income was 11% higher at Rs 172 crore against Rs 155 crore.
Q4 results today: Bharti Airtel, Patanjali Foods among 97 companies to announce earnings on Tuesday
Bharti Airtel and 96 other companies are set to announce Q4 results. Airtel's expected net profit ranges from Rs 2,201-5,309 crore with revenue projections of Rs 38,736-39,360 crore.
Asian Paints Q4 Results: Net profit rises 2% YoY to Rs 1,257 crore, misses estimates
Asian Paints Q4 Results: The Q4 profit marked a mere 2% increase year-on-year (YoY) from Rs 1234 crore reported in the same quarter last year. Revenue from operations fell marginally to Rs 8,731 crore
Q3 results today: Nestle, Tata Consumer, Trent among 190 companies to announce earnings
On Tuesday, Nearly 160 companies will be announcing their December quarter earnings including the likes of Britannia Industries and FSN E-Commerce Ventures which operates Nykaa brand.
ITC Q3 Results: Net profit rises 11% YoY to Rs 5,572 crore
ITC Ltd on Monday reported 10.8% year-on-year growth in net profit at Rs 5,572 crore for the third quarter ending December ’23, while gross revenue went up by 2.1% to Rs 17,483 crore. Both revenue and profit exceeded street estimates.
ITC Q3 Results: Profit rises 6% YoY to Rs 5,335 crore; dividend declared at Rs 6.25/share
ITC Q3 Results: Revenue from operations in the said quarter increased 2% year-on-year (YoY) to Rs 19,484 crore.
ITC Q3 results today: What to expect from the flour-to-cigarette maker?
ITC Ltd is set to release its earnings for the December quarter today. Investors will be focusing on the performance of the cigarette business, FMCG vertical, and hotels segment. Steady volume growth in cigarettes and non-cigarette FMCG, along with strong traction in hotels, is expected to support the conglomerate's quarterly performance. However, the agri and paper and paperboards businesses are likely to have been sluggish, potentially impacting overall revenue growth.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.
ITC Q3 Results Preview: PAT may rise 2% YoY; cigarette sales volume seen steady
FMCG major ITC is seen reporting a nearly 5% YoY growth in revenue for the quarter ended December to Rs 17,016 crore, according to the average of estimates given by eight brokerages. The company's EBITDA is likely to increase 2.5% YoY to Rs 6,378 crore, and the profit may grow 2% to Rs 5,137 crore
Asian Paints Q3 Results: Profit surges 35% YoY to Rs 1,448 crore on volume growth, improvement in margins
Asian Paints Ltd consolidated net profit jumped 35% on year to ₹1,447.7 crore in the December quarter helped by a double-growth in volumes and as operating profit got a boost from lower raw material costs.
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