PRIME FRESH LTD Q3 RESULTS
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.
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.
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SBI shares drop 3% post Q1 results. Should you buy, sell or hold?
SBI Share Price: State Bank of India's shares plunged 3% after it reported a standalone net profit of Rs 17,035 crore for the June quarter, marginally up from the previous year. Despite this, brokerages like Nomura, Jefferies, and Nuvama maintained their buy ratings, forecasting target prices between Rs 900 and Rs 1,030 amid stable asset quality and loan 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.
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.
Thyrocare Technologies shares soar nearly 17% as Q1 results impress D-Street
Thyrocare’s pathology and radiology segments’ revenues grew 16% and 15% YoY, respectively. Meanwhile the revenue from partnerships surged 29% YoY and franchise revenue saw an increase of 11% YoY.
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.
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.
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.
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.
Torrent Pharma, Glenmark Pharma shares jump up to 9% after Q4 results
Shares of Torrent Pharma and Glenmark Pharma surged post Q4 results. Torrent Pharma's net profit jumped 56% YoY while Glenmark Pharma reported increased losses. Motilal Oswal provides target prices for both companies.
Divi’s Laboratories shares rally 5% post Q4 results. Should you buy, sell or hold?
Divi’s Laboratories saw a 5% surge in its shares on the BSE during Monday's trading session, reaching a new 52-week high of Rs 4,335. This rise came as brokerages such as Motilal Oswal and InCred expressed bullish sentiment towards the stock, following the company's impressive performance in Q4, where it reported a 68% year-on-year increase in profits, reaching Rs 538 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.
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18%
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.
Wire fire extinguishes! Polycab shares zoom 65% since January lows to fresh peak
Shares of wires and cables manufacturer Polycab India have zoomed 65% to a new all-time high of Rs 6,242 since January’s low of Rs 3,801 when the stock made headlines due to an IT raid. On Wednesday, the shares surged nearly 8% on BSE.
REC shares zoom nearly 9% to fresh 52-week high post Q4 results; announces dividend
REC Ltd surged 8.5% to Rs 550.50, hitting a 52-week high, following a 33% YoY rise in net profit to Rs 4,079 crore for the quarter ending March. Total income reached Rs 12,706.66 crore, with revenue from operations growing by nearly 24% YoY to Rs 12,677.18 crore.
Apeejay Surrendra Park Hotels Q3 Results: Co posts total income of Rs 164 crore, PAT at Rs 27.4 crore
The company posted a profit of Rs 27.4 crore, repaid long-term debt, and inaugurated five new hotels. The company said for the first nine months of this fiscal year, its total income increased by 14% year on year to Rs 436 crore. Its profit after tax amounted to Rs 50.4 crore, translating into a profit after tax margin of 12% in the first nine months of this fiscal.
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