PRAKASH CERAMICS LTD Q2 RESULTS
![SAIL Q1 Results: Net plunges over 60% as steel prices melt on import pressure](https://img.etimg.com/thumb/msid-112389898,width-100,height-75,resizemode-4/markets/stocks/earnings/sail-q1-results-net-plunges-over-60-as-steel-prices-melt-on-import-pressure.jpg)
SAIL Q1 Results: Net plunges over 60% as steel prices melt on import pressure
SAIL experienced a substantial decline in net profit, falling over 60% to ₹81.78 crore in Q1 of FY 2024-25, due to reduced domestic steel prices impacted by imports. Total income slipped by 2.61%. The company recorded an exceptional gain of ₹311.76 crore and revoked suspensions of senior employees under scrutiny for policy discrepancies.
![SAIL Q1 Results: Net profit slumps 93% YoY to Rs 11 crore on weak pricing, exceptional item](https://img.etimg.com/thumb/msid-112383433,width-100,height-75,resizemode-4/markets/stocks/earnings/sail-q1-results-net-profit-slumps-93-yoy-to-rs-11-crore-on-weak-pricing-exceptional-item.jpg)
SAIL Q1 Results: Net profit slumps 93% YoY to Rs 11 crore on weak pricing, exceptional item
The steel maker had an exceptional loss of Rs 312 crore. The state-owned steel company reported a 3% year-on-year increase in steel sales during the quarter, reaching 4.01 million tonnes. Despite a slight 1.5% decrease in revenue to Rs 23,998 crore, the company's core operations remained strong with a 15% rise in earnings before interest, tax, depreciation and amortisation (EBITDA) to Rs 2,420 crore.
![YES Bank Q1 Update: Advances rise 15% YoY to Rs 2.29 lakh cr, deposits grow 21%](https://img.etimg.com/thumb/msid-111438153,width-100,height-75,resizemode-4/markets/stocks/earnings/yes-bank-q1-update-advances-rise-15-yoy-to-rs-2-29-lakh-cr-deposits-grow-21.jpg)
YES Bank Q1 Update: Advances rise 15% YoY to Rs 2.29 lakh cr, deposits grow 21%
The bank's credit-to-deposit ratio for the first quarter was 86.4%, down from 91.3% in the same quarter last year. During the April-June 2024 period, the liquidity coverage ratio improved to 137.8%.
![TVS Supply Chain Solutions Q4 Results: Firm reports consolidated PAT of Rs 5.38 crore](https://img.etimg.com/thumb/msid-110496143,width-100,height-75,resizemode-4/markets/stocks/earnings/tvs-supply-chain-solutions-q4-results-firm-reports-consolidated-pat-of-rs-5-38-crore.jpg)
TVS Supply Chain Solutions Q4 Results: Firm reports consolidated PAT of Rs 5.38 crore
TVS Supply Chain Solutions Ltd reported a profit after tax of Rs 5.38 crore for the quarter January-March 2024, with total income growing to Rs 2,433.06 crore from Rs 2,332.53 crore in the same quarter last year, but facing a consolidated net loss of Rs 90.49 crore for the year ending March 31, 2024.
![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%](https://img.etimg.com/thumb/msid-110463749,width-100,height-75,resizemode-4/markets/stocks/news/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.jpg)
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.
![Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday](https://img.etimg.com/thumb/msid-110451973,width-100,height-75,resizemode-4/markets/stocks/earnings/q4-results-today-lic-nmdc-among-236-companies-to-announce-earnings-on-monday.jpg)
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.
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Homebound startups restructure; offline push by D2C brands
Happy Wednesday! Homegrown startups are stepping on the pedal for their move back home. This and more in today's ETtech Morning Dispatch.
India's Kajaria Ceramics posts surprise Q4 profit drop on higher costs
India's Kajaria Ceramics reported a surprise drop in fourth-quarter profit on Tuesday, hurt by increased costs and weak demand.
Stocks to buy: 5 companies poised for growth in March quarter: Up to 17.2% upside potential
Given the potential for increased volatility in the upcoming months, investing in companies anticipated to deliver strong performance could be a prudent strategy. These firms are expected to deliver a strong performance and offer a cushion against rising volatility. The following are five such companies offering a double-digit price potential.
Volatility in market is different from volatile business: 5 large cap stocks with upside potential ranging from just 2% upto 46%
There cannot be any doubt about volatility on the street, both as reflected by advance decline ratio or the kind of movement we see in nifty and other sectoral indices, one day down another day up to third day to fall again. Amid the current market downturn, the key question arises: will this correction phase usher stocks from a state of overvaluation to being reasonably priced? Investors aiming to inject more funds into the market during this realignment should consider focusing on specific stocks that exhibit dual advantages. Firstly, identify stocks from sectors exhibiting robust performance, benefiting from sectoral growth. This means that their business is not volatile. Second, essential financial metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), and company debt levels should not be overlooked. Combining the two the sectoral tailwinds and individual companies fundamentals is a necessity in times of market correction.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons could be the fact that while the earning season has been on the expected lines, the strong negative reaction in the market may be due to global market conditions which are getting into risk off mode with rising US yeild. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Q2 results this week: RIL, Axis Bank, Tech Mahindra, Maruti, PNB and others
On Monday, Torrent Pharmaceuticals, Lloyds Metals & Energy, PNB Housing Finance, Alok Industries, Mahindra Holidays & Resorts India, Kewal Kiran Clothing, Mahindra Logistics, New Delhi Television (NDTV) results will be out
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons could be the fact that while earning season has been one the expected lines but the strong negative reaction is largely in market is due to global market condition than domestic. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
58 smallcap stocks log double-digit weekly gains in a mixed market
Subdued start to the result season by IT sector combined with uptick in crude oil prices affected the broad market trend. However, the benchmark indices logged gains during the week, taking comfort in easing domestic inflation. During the week, around 58 smallcap stocks offered double-digit weekly returns with five of them offering over 25% returns.
9 Best Dinner Sets under Rs 12,000 that combine Elegance and Affordability
Welcome to our curated selection of the best dinner sets under 12,000, where affordability meets exceptional quality and style. We understand the importance of creating memorable dining experiences, and that starts with a well-appointed table. That’s why we bring you a budget-friendly range of dinner sets that offer a perfect blend of aesthetics, durability, and value.
Ceramic Dinner Set - Treat yourself to an unbeatable dining experience with ceramic plates
Ceramic dinner sets are well-known for their elegant and timeless designs. They're ideal for any occasion, whether it's a romantic dinner for two or a large dinner party. Ceramic plates are oven-safe, microwave-safe, and chip-resistant. Ceramic dishes are available in a range of colors, shapes, and sizes, making them an excellent choice for complementing your current home décor.
Q4 results, Fed minutes among 7 factors to drive D-Street traders' strategy in a volatile market this week
Volatility is expected in the Indian stock market as investors react to RBI's decision to recall Rs 2,000 banknotes. A number of companies will release their quarterly results in the coming week which should drive individual stock prices. The US Federal Reserve will reveal the minutes of its meeting and discussions around the raising of the debt ceiling in the US will be closely watched. The week will also see the expiry of the May derivative series, which will likely create market volatility.
Momentum Pick: Firing on twin cylinders, Carborundum Universal may see 18% upside
Carborundum Universal, a capital goods manufacturer, is in a strong uptrend on all time frames, forming higher tops and bottoms, according to Axis Securities' Rajesh Palviya. The stock, which closed at INR1,140 ($15.20), is well placed above its SMAs and rising on all time frames, with support around the INR1,050-1,030 level. The company’s 1-year returns of over 56% have outperformed the Nifty50 on Trendlyne data, while Sharekhan maintains a ‘Buy’ rating on Carborundum Universal due to its good balance sheet, improving earnings outlook, and impressive FY2023 performance.
Ratnamani Metals shares jump 13% intraday on Q4 earnings
Ahmedabad-based Ratnamani Metals & Tubes witnessed a 13% surge in its shares on Thursday after posting strong Q4 FY23 earnings. The company reported a consolidated net profit of INR 192 crore ($25.8m), up 71% YoY, and consolidated revenue of INR 1,499 crore ($201.5m), up 54% YoY. Additionally, it announced INR 12 ($0.16) dividend per share and reappointed Prakash M Sanghvi as its Managing Director. The shares traded at INR 2,438.90 ($32.74), up 8.89% from Wednesday's closing price on NSE.
JK Bank Q4 Results: Lender records highest-ever net annual profit of Rs 1,197 crore
Jammu and Kashmir Bank has revealed a record-breaking annual net profit of Rs 1,197 crore for the financial year 2022-23. The bank's capital adequacy ratio increased by 15.39%, while the NPAs hit an eight-year low of 6.04%, boosting confidence in the company. Reportedly this fantastic performance is primarily due to the growth of advances, which exceeded the increase in deposits, allowing the bank to also see its highest-ever quarterly profit of Rs 476 crore in the last quarter. Managing Director and CEO Baldev Prakash expressed great satisfaction at the annual numbers and credited the bank's strategy for the success.
Freshworks Q1 results: SaaS major posts first adjusted operating profit, shares rise
The software as a service (SaaS) company has raised its full-year 2023 financial forecast midpoint for an adjusted operating profit of $5 million. It was moved to a range of $2 million to $8 million, against a previously forecast adjusting operating loss of $6 million to $14 million.
Stocks in the news: TechM, Adani Transmission, Infy, Axis Bank, PNB and Adani Ports
Adani Transmission, P&GHH, Dalmia Bharat, M&M Finance, Relaxo Footwears, Grindwell Norton, Kajaria Ceramics, EIH, Redington India, Triveni Turbine and KSB are among the companies that will announce their results for September 2022 quarter today.
Corporate Radar: L&T to turn ex-dividend; Hindustan Zinc, PVR Q1 results & more
Shares of Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives will go ex-split today. Hindustan Foods and Rajnish Wellness had announced the splitting of shares into face value of Re 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.
SGX Nifty up 5 points; here's what changed for market while you were sleeping
Asian stocks opened mostly lower Thursday morning, with traders struggling to maintain momentum from the previous day's rally and eyes focused on Europe, hoping Russia fulfills a pledge to switch a crucial gas pipeline back on. MSCI's index of Asia-Pacific shares outside Japan was down by 0.23 per cent.
Startup dreamers return to IT firms after layoffs; Zomato reports Rs 360 crore net loss in Q4
IT firms have been battling record attrition of late, so startups’ loss is their gain.
Zomato net loss jumps to Rs 360 crore in Q4; Invact Metaversity is in trouble
Total revenue grew to Rs 1,350 crore in Q4 from Rs 750.8 crore in the same quarter in FY21.
Kajaria Ceramics Q4 Results: Profit down 26% at Rs 97 crore
Kajaria Ceramics' total expenses were at Rs 972.41 crore, up 22.97 per cent in Q4/FY 2021-22 as against Rs 790.75 crore in the same period a year ago
Corporate Radar: Bonus issues, Q4 earnings, stock split & more
Shares of Great Eastern Shipping Company will go ex-dividend today. The company had announced an interim dividend of Rs 5.40 per share.
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