PREMIUM CAPITAL MARKETS INVESTMENTS LTD Q4 RESULTS
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.
Ceigall India shares rally 7% after Q1 PAT jumps 80% YoY
Ceigall India Share Price: Ceigall India's shares rose by 7% on the BSE following the announcement of its first quarterly results, reporting an 80% YoY increase in net profit to Rs 80 crore. Revenue also saw a rise of 26.5% to Rs 822.40 crore. The company has won Rs 1,042 crores worth of new project orders in Kanpur and Bhuvaneshwar.
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.
Zydus Lifesciences Q1 results: Net profit jumps 31% to Rs 1420 crore
The earnings before interest, tax, depreciation and ammortisation (EBITDA) increased 38.4% YoY to Rs 2084 crore. On QoQ, EBITDA increased 27.8%.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
Grasim Industries Q1 Results: Profit slides by a fourth to Rs 1,189 crore on investment in paints ops
The flagship company of the Aditya Birla launched its paints operations ‘Birla Opus’ towards the end of the March quarter, and April-June was its first quarter of full operations. The company has spent Rs 7,795 crore on its paints business as of June-end, approximately four-fifth of the total planned expenditure for these operations.
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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.
Page Industries Q1 Results: Net profit rises 4.3% YoY to Rs 165.22 crore
The revenue increased by 3.9% from Rs. 1,229.07 crores to Rs. 1,277.52 crores in the period under review. The sales volume grew by 2.6% year-on-year to 5.74 crore pieces
Shree Cement shares drop over 3% after 51% YoY decline in Q1 PAT. Should you invest?
Shree Cement faced a 4% drop in shares as it posted a 51% decrease in net profit for the June quarter, down to Rs 278.6 crore. Revenues saw a slight increase to Rs 5,123.9 crore, but higher expenses offset gains. Brokerages had varied opinions, noting concerns about weak demand and geographic expansion.
ITC shares jump 1% post marginal miss on Q1 estimates. Should you invest?
ITC reported a minor increase in first-quarter net profit to Rs 4,917.45 crore, falling short of street estimates. Revenue in its FMCG and hotel segments rose, while cigarette business volumes grew steadily. Analysts maintain a positive outlook, setting target prices between Rs 530 and Rs 585.
Tata Consumer shares drop over 2% as Q1 results fail to impress. Should you invest?
Tata Consumer Products reported an 8% drop in profit after tax for the first quarter ended June 2024, falling to Rs 290 crore, below estimates. Shares fell 2.3%. Revenue from operations increased 16% year-on-year to Rs 4,352 crore. The drop in profit was attributed to higher exceptional items and lower returns from joint ventures and associates.
PNB shares rally 7% after reporting 159% YoY jump in Q1 profit. Should you invest?
PNB Share Price Target Buy or Sell: Punjab National Bank's shares surged 7% after announcing a 159% YoY jump in net profit for Q1 FY25, reaching Rs 3,252 crore. Net interest income rose by 10% to Rs 10,476 crore. The bank saw improvements in asset quality and a YoY deposit growth of 8.50%. Brokerages had mixed views on the stock, with some recommending a sell.
ICICI Bank shares rise over 2% as Q1 performance impresses Street. Should you invest?
ICICI Bank Share Price Latest Updates: ICICI Bank's stock surged 2.5% following a reported 14.6% increase in its June quarter's standalone profit. Analysts praised its strong earnings, stable asset quality, and lower-than-expected slippage. Companies like Morgan Stanley and Nuvama raised target prices, showing confidence despite some margin pressure. The bank's consistent performance continues to inspire optimism.
Cholamandalam Investment and Finance Q1 Results: PAT up 29.7% at Rs 942 crore
Cholamandalam Investment and Finance Company has reported a 29.7 per cent growth in its profit after tax for the April-June 2024 quarter at Rs 942 crore. The company, which is the financial services arm of diversified conglomerate Murugappa Group, had registered a profit after tax of Rs 726 crore in the corresponding quarter of last year.
Go Digit Q1 results: PAT jumps 74% YoY to Rs 101 crore, AUM rises by 33%
The assets under management in the April-June 2024 quarter stood at Rs 17,773 crore up from Rs 13,337 crore in Q1FY24. It was a 33% year-on-year jump. On a sequential basis, the AUM grew by 12.7% compared to Rs 15,764 crore as at March 31, 2024.
SBI Life Q1 Results: Net profit rises 36% YoY to Rs 520 crore; net premium income jumps 15%
SBI Life reported a Q1 standalone net profit of Rs 520 crore, up 36% from Rs 381 crore last year. Net premium income rose 15% YoY to Rs 15,105 crore from Rs 13,104 crore in the same quarter last year.
Kotak Bank shares drop over 3% as Q1 NIMs disappoint. Should you invest?
Kotak Mahindra Bank saw its shares drop 3% due to NIM disappointment at 5.02% for Q1FY25. Despite a robust 81% increase in standalone net profit to Rs 6,250 crore, concerns persist over funding costs and margin pressures. Brokerages advise caution as RBI restrictions continue to impact growth and profitability.
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
Q1 results today: Jio Financial, SpiceJet, HDFC Life among 36 companies announce earnings on Monday
HDFC Life, Jio Financial, HDFC AMC, Angel One, SpiceJet, and 36 other companies including Hatsun Agro, KBC Global, Kelton Tech, Modern Engineering, Monarch Networth Capital, Oasis Securities, Rajoo Engineers, Sheetal Cool Products, Tahmar Enterprises, Styrenix Performance will announce Q1FY25 earnings. Important aspects to watch include HDFC Life's APE and VNB estimates.
Go Digit Q4 Results: PAT jumps 104% YoY to Rs 53 crore; gross written premium up 19%
The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.
GIC Re Q4 Results: Net profit rises 3% to Rs 2,642 crore
GIC Re on Tuesday posted a 3 per cent increase in net profit to Rs 2,642 crore for the fourth quarter ended March 2024 compared to Rs 2,564 crore in the same quarter a year earlier.
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.
JP Morgan maintains overweight rating on LIC post Q4 results, sees 29% upside
JP Morgan maintains 'Overweight' rating on LIC post Q4 results, setting target price of Rs 1,340. LIC's market share growth and strong earnings drive stock performance.
Government to get Rs 3,662 crore from LIC as dividend
The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.
LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr; dividend declared at Rs 6 per share
LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.
ETMarkets Fund Manager Talk: Q4 results in line with expectations, domestic cyclicals leading the way: Shibani Sircar Kurian
The March quarter earnings growth was driven by BFSI, Auto, technology, and oil and gas, with smallcaps rallying on retail liquidity. Shibani Sircar Kurian discussed the risk in the broader market for FY25. Nifty companies reported 13% earnings growth. PSUs are favored pre-elections. Capex in power, defence, and infrastructure is expected to continue.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
IIFL Securities Q4 Results: Profit more than doubles to Rs 180 crore
IIFL Securities on Friday announced its net profit more than doubled to Rs 180.4 crore in three months ended March 2024 driven by strong growth in all the business segments.
Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.
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