PRITIKA ENGINEERING COMPONENTS LTD Q2 RESULTS
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
Ola Electric shares in focus ahead of Q1 results; stock up 49% since listing
Ola Electric Share Price: Ola Electric shares, up 49% since their listing, are in focus as the company prepares to announce its first-quarter results for FY2025. The board's first post-listing meeting is scheduled for August 14, where the Q1 results for FY2025 will be revealed.
Samvardhana Motherson Q1 Results: Net profit jumps 65% YoY to Rs 994 crore; revenue rises 29%
Samvardhana Motherson Q1 Results: Auto components maker Samvardhana Motherson International on Tuesday posted a 65% year-on-year (YoY) jump in consolidated net profit to Rs 994 crore for the June quarter of FY25. The company had reported a net profit of Rs 601 crore in the June quarter of the last fiscal.
Bharat Dynamics shares tank 19% post Q1 results but ICICI Securities upgrades to buy
Bharat Dynamics’ Q1 profit after tax was Rs 7.21 crore, compared to Rs 41.81 crore in the same quarter last year. The PSU defense company’s revenue from operations in Q1FY25 dropped by 35.8% year-on-year to Rs 191.16 crore, down from Rs 297.72 crore. The company also reported an increased EBITDA loss of Rs 52.3 crore for the quarter ended June 2024, up from a loss of Rs 32.6 crore in the corresponding quarter of the previous financial year.
Voltas Q1 Results: Standalone net profit jumps 58% YoY to Rs 339.14 crore, revenue rises 45%
In the company's unitary cooling products segment, which includes the AC business, revenue surged by 51% year-on-year to Rs 3,802.17 crore for the quarter under review. Segment profitability increased by 58% year-on-year, reaching Rs 327.02 crore. As the country's largest AC brand, the company reported record sales of one million units last quarter, with an overall volume growth of 67% year-on-year.
Q1 results today: IRFC, Vodafone Idea among 528 companies to announce earnings on Monday
As the first quarter earnings season nears its end, 528 companies are set to release their results on Monday. Key reports include IRFC, Vodafone Idea, and NMDC. Vodafone Idea is expected to report flat revenue and losses between Rs 7,489-8,100 crore. EBITDA is forecasted to see a slight year-on-year rise despite challenges.
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GRSE Q1 results: PAT jumps 14% YoY, revenue up 33%
GRSE reported a 14% rise in profit after tax for the June quarter, alongside a revenue increase and improvements in the debt-equity ratio
Godawari Power announces 1:5 stock split, special dividend along with Q1 results
“The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on August 07, 2024, has considered and Approved the proposal for sub-division of equity share of face value of Rs.5/-each of the Company into 5 (Five) equity shares of Re.I/- each, subject to approval of the Shareholders of the Company in ensuing Annual General Meeting,” said the company in a filing to the exchanges.
Q1 results today: Godrej Consumer among 158 companies to announce earnings on Wednesday
Q1 results today: As the first quarter earnings season progressed, 158 companies, such as Pidilite, Godrej Consumer, NHPC, BSE, and ABFRL, announced their results. Godrej Consumer was projected to show a 46% increase in net profit but a slight dip in revenue. Kotak Securities highlighted growth in domestic volume and various categories.
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.
Freshworks reports 20% revenue growth in Q2 at $174 million
The Chennai-based firm also upped its revenue guidance. Freshworks has given a 2024 full-year guidance revenue of $707 -$713 million, which has gone up marginally by around 1-2% on the back of rising demand for the firm’s AI solutions.
Castrol India Q2 Results: Net profit rises to Rs 232 crore on sustained demand
Engine oil maker Castrol India reported a 3.1% increase in second-quarter profit on Thursday as the continuing rise in vehicle sales boosted its mainstay business of automobile lubricants and helped offset the rise in costs.
Cyient shares decline 9% on weak Q1 results. What should investors do?
Cyient shares fell 9% to Rs 1,724 on Friday after the company reported a decline in June-quarter profit due to project execution delays. The first-quarter net profit dropped 23.8% sequentially to Rs 144 crore, and decreased 18.6% YoY for the Hyderabad-based firm.
Indigo Q1 Results preview: PAT may decline by up to 28% YoY on weak load factor, Delhi T1 crisis
InterGlobe Aviation, India’s leading airline by market share, was anticipated to experience a significant decline in its year-on-year net profit for Q1FY24. This expected downturn is attributed to higher fuel costs, a weak load factor, and the collapse of the Delhi T1 terminal roof. Brokerage estimates showed mixed sequential profit growth and varied revenue projections.
L&T shares rise 2% after 12% YoY jump in PAT. Should you buy, sell or hold?
Larsen and Toubro (L&T)’s shares rose by 2% after it reported a consolidated net profit of Rs 2,786 crore for Q1 FY25. Revenue from operations saw a 15% YoY increase, driven by robust execution in projects and manufacturing. Orders grew by 8%, with strong momentum in the Middle East, per analysts insights.
KPIT Tech Q1 Results: Net profit jumps 52% YoY to Rs 204.2 crore; co ups revenue growth guidance for FY25
Auto industry-focused KPIT Technologies on Monday reported a 52 per cent jump in its net profit to Rs 204.2 crore for the March 2024 quarter on higher revenue growth and profit margins. The Pune-headquartered company had posted a post-tax net of Rs 134 crore in the year-ago period.
L&T Q1 Results: Cons PAT jumps 12% YoY to Rs 2,786 cr, revenue rises 15%
L&T Q1 Results: Revenue from operations grew 15% YoY to Rs 55,120 crore, driven by strong performance in the projects and manufacturing (P&M) portfolio, supported by a substantial order book. In the first quarter, the company secured orders worth Rs 70,936 crore at the group level, showing an 8% year-on-year increase, thanks to robust ordering activity in the Middle East.
L&T Q1 Results today: PAT may rise 11% YoY; revenue growth to be led by energy and services biz
L&T set to shock the market with soaring revenues and profits in Q1! Analysts predict a jaw-dropping 12% revenue growth and 11% profit surge. Don't miss the thrilling updates on international orders and project performance. Brace yourself for the explosive results announcement on July 24!
Q1 results today: Asian Paints, LTIMindtree among 22 companies to announce earnings on Wednesday
A total of 22 companies, including Asian Paints and LTIMindtree, will announce their first quarter results. Analysts predict revenue growth and profit increases for both companies. Investors are advised to keep an eye on key performance indicators and market commentary.
Q1 results today: Bajaj Auto, L&T Finance among 24 companies to announce earnings on Tuesday
24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
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.
Construction companies likely to report subdued growth in Q1 amid lower awarding of projects, slow execution
The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte
Q1 result season begins: 30 companies may report over 100% growth in profit
Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%
The street has got what it was looking for, exit polls predicting a win of NDA which essentially continues the policy making framework which has been in place for the last ten years and has been working well for the economy. There is another thing which will happen, there are going to be some areas which will get more focus in the coming days. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
Just before the start of the final phase of the general elections 2024 was to take place, there was a clear indication that it is bulls who are in control of the market. There are no two opinions, that a continuity in policy making will make the markets move upward very sharply. A glimpse of that will come in Monday’s trading session, when the impact of the exit poll result gets played out. So, with the base case assumption that the policy making will continue, we take things forward but continue with our principle stand that If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned.These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Staying with good business & strong management: 5 largecap stocks from different sectors with upside potential of up to 37%
After a phase of calm, volatility is back on the street. Somehow word volatility got associated with bearish trend, while it might appear strange to some, the fact is that even volatility has a bias and that can be toward bulls also. That is the reason why in this volatile phase, Nifty made a new high. So, rather than fearing a word it is better to understand it. Similarly when it comes to investing, it is important to understand that while events can impact the price in the short term. In the long term, things which matter is the underlying business, strength and quality of the balance sheet, ability and experience of the management. Whether it is pre-election or post election, always have a look at the above three when investing your hard earned money.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
While it is always better to focus on what is happening to the individual stocks, there times it becomes “a must” before taking any decision. The reason, there is a possibility of greater divergence in how the broader market indices like Nifty and Sensex move and how the individual stocks and sector perform. A week before the election results, the way the market is panning out, it is clear that the street is working with the base case scenario of policy continuity. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 44%
After a short phase where bears were seen on the street, at least on the index level bulls were back in control as they touched a new high. Given the event risk in terms of election results, the market breadth might remain probably in equilibrium territory till the time exit polls come. In this short period if one is not a trader and knows how to hedge, it would be better to be cautious before investing. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned.These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
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