PRIME FRESH LTD Q2 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.
SpiceJet Q1 Results: Profit falls 20% YoY to Rs 158 crore, revenue down 15%
SpiceJet Q1 Results: Budget carrier SpiceJet Ltd reported 20% decline in its consolidated net profit at Rs 158 crore in the first quarter ended June 2024. The same stood at Rs 198 crore in the last year period.
Awfis posts Q1 net profit of Rs 2.8 crore, op revenue up 37% on year
The office space-sharing company Awfis posted a net profit of Rs 2.8 crore for the quarter ending June 2024, compared to a loss of Rs 8.3 crore the previous year. Operating revenue increased by 37% to Rs 258 crore. In FY24, Awfis saw a 55.7% jump in revenue and reduced its losses by 62.4%.
Inox Wind shares skyrocket 20% to fresh high after posting Rs 50 crore Q1 profit
Inox Wind Share Price: Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year.
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.
LIC stock portfolio surges to Rs 15 lakh crore, 95 stocks sold in Q1
Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.
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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.
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.
SBI Q1 net rises 1% as loan loss provisions widen
Loan loss provisions increased 70% year on year to ₹4,518 crore from ₹2,652 crore in the year earlier, squeezing net profit despite loan growth remaining strong. Chairman Dinesh Khara said the provisions were mostly related to legacy standard assets and the asset-quality outlook for the bank remained unchanged."We don't have any challenges in asset quality," Khara said.
Suzlon shares zoom 23% since Q1 results. Still time to ride the rally?
Suzlon Energy's shares hit a new high following a 23% rally spurred by impressive Q1 results, including a 200% year-on-year profit gain and a 50% revenue increase. Brokerage firms have raised target prices, highlighting the company's strong order book and improved financial health.
NPST Q1 FY 25 results: Net profit surges by 202%, marking best-ever quarterly performance
NPST announced its best quarterly performance in Q1 FY 2025, with net profit surging 202.96% and revenue increasing by 142.2%. Key drivers were the rise in demand for digital payment solutions and new customer accounts. Co-Founders are optimistic about continued growth, focusing on strategic investments and enhancing their business model.
SBI Life shares climb 3% to 52-week high after Q1 results. Should you invest?
SBI Life reported a 36% increase in Q1 net profit to Rs 520 crore, leading to shares reaching a 52-week high. Analysts recommend buying the stock due to the company's growth and strategic advantages. Read the full article for details.
Infosys shares rally 5% as brokerages hike target price after Q1 results. Should you buy, sell or hold?
Infosys Share Price: Infosys shares surged 5% to a record high of Rs 1,843 on BSE following a 7% YoY increase in consolidated Profit After Tax (PAT) to Rs 6,368 crore for Q1 FY25. Brokerages raised the stock's target price in response. The results surpassed expectations, driven by revenue of Rs 39,315 crore, up 3.6% YoY.
Persistent Systems shares tumble 7% after Q1 results disappoint investors
Persistent Systems shares fell 7% after reporting a 2.8% profit decline in Q1FY25, despite a 34% YoY PAT rise. Revenue grew 18% YoY. Orders hit $462.8 million TCV, $337.3 million ACV. CEO Kalra praised 17 growth quarters, AI services. ISG ranked them a leader. Stock rose 80% last year, 26.60% YTD. Considering QIP on July 23. SpiceJet capital raise.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets traded positively with Nifty futures indicating a flat start. Nifty's uptrend remains intact with no significant reversal pattern. Global markets show mixed movements. Oil prices rise on US crude stock decline. FPIs turn net buyers. Stay updated on Q1 results of major companies.
SpiceJet shares surge over 7% on reporting consolidated profit in Q4
SpiceJet shares surged 7% on Tuesday, reaching Rs 60, following the airline's Q4 profit announcement of Rs 127 crore. This marked a turnaround from losses of Rs 6.2 crore and Rs 299 crore in the March and December 2023 quarters, respectively. On a standalone basis, the low-cost carrier reported a sixfold surge in net profit to Rs 119 crore in the fourth quarter
SpiceJet Results: Budget carrier posts Rs 127 crore profit in Q4 versus loss a year ago
Despite earlier financial difficulties and a ransomware attack delaying results, SpiceJet reported a 19% year-on-year decrease in consolidated revenue to Rs 1,738 crore for the fourth quarter. However, on a standalone basis, the airline saw a sixfold increase in net profit to Rs 119 crore, with standalone EBITDA rising 12% to Rs 386 crore.
IREDA shares zoom 9% after PAT jumps 30% YoY in Q1
Shares of IREDA rallied 9% to a fresh 52-week high of Rs 310 on BSE after the company reported a net profit of Rs 384 crore for the quarter ended June 30, 2024, compared to Rs 295 crore in the year-ago period.
HCL Tech’s weak Q1 revenue hints at demand concerns
HCL Tech's Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS.
TCS shares surge 7% on strong Q1 show, lifting D-Street to fresh record highs
TCS Share Price: Shares of TCS surged 6% to Rs 4,169 in early NSE trading after reporting higher-than-expected earnings for the June quarter. Jefferies upgraded TCS and raised its price target, while CLSA and JPMorgan maintained ratings with higher targets. Domestic analyst Nuvama also increased its target price.
TCS, Infy power D-Street to fresh record highs! Sensex soars 900 points, Nifty tops 24,500 for the first time
Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.
From 'Pariah' to '36 Days': Watch this week's latest OTT releases on Netflix, Prime Video, Disney+ Hotstar
OTT platforms and theatres are buzzing with a host of exciting new releases. From Riteish Deshmukh's gripping medical thriller 'Pill' on JioCinema to Emraan Hashmi's high-stakes drama 'Showtime Season 1 Part 2' on Disney+ Hotstar, there's something for everyone. Notable releases include the romantic comedy 'Fly Me to the Moon,' the sci-fi adventure 'Me' on Apple TV+, the Bengali thriller 'Pariah' on Hoichoi, and the family drama '36 Days' on SonyLIV.
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.
What will happen to Paris Olympics 2024 after France election results?
France election results are out and the country's current political situation has raised several questions ahead of Paris Olympics 2024.
Q1 results, FII action among 10 factors to impact D-Street mood this week
Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment and broader market participation, expecting some consolidation.
DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
Will Nifty hit fresh record high before elections? That depends on these 5 factors
The week may remain lacklustre on the data front as no major economic data releases are scheduled in both the US as well as the Indian market. Indian investors are likely to focus more on the ongoing earnings season as well as stock specific developments. Nifty and Sensex have reached all-time highs driven by US Fed data and expert insights. Key factors that will shape market outlook.
JSW Steel shares fall over 2% after Q4 result disappoints
JSW Steel Share Price: The fall in share price came a day after the steel major reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. It was Rs 3,664 crore a year ago. Revenue from operations in the reporting quarter, too, took a beating, though marginally, to Rs 46,269 crore.
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