PROSPECT COMMODITIES LTD Q4 RESULTS
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Oil and gas spoil India Inc show in June Quarter
In the June 2024 quarter, India's industry saw modest growth with a 9.4% net profit increase, mainly due to lower refining and marketing margins in the oil and gas sector. Banking and finance sectors performed well with significant revenue growth. The overall operating margin declined to 17.4%. Future growth hinges on rural demand revival post-monsoon.
Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai
Hindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soared 31% year-on-year to Rs 7,992 crore. MD Satish Pai stated that the company will stick with its Rs 600 crore guidance, focusing on profitability rather than top-line growth as aluminium prices influence revenue unpredictably.
Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY
Hero MotoCorp's net profit for the quarter ending June 30, 2024, was projected between Rs 1,119 crore and Rs 1,926 crore, marking 14%-35% growth year-on-year. Revenue estimates ranged from Rs 10,232 crore to Rs 11,778 crore, driven by increased volumes and average selling prices. The company’s quarterly earnings were scheduled for announcement on August 13.
Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects
Vodafone Idea is expected to report a flat revenue for the quarter that ended June 30 owing to losses in the subscriber base coupled with a flattish Average Revenue Per User (ARPU) according to estimates by four brokerages.
Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix
Eicher Motors Q1 Result Today: Eicher Motors' net profit for the quarter ended June 30, 2024, was projected between Rs 943 crore and Rs 1,034 crore. Revenue estimates ranged from Rs 4,178 crore to Rs 4,273 crore. The profit rise was attributed to volume growth and higher average selling prices of Royal Enfield motorcycles, according to multiple brokerages.
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ONGC Q1 Results: Standalone net profit falls 15% YoY to Rs 8,938 crore, misses estimates
State-owned ONGC on Monday reported 15% fall in its standalone net profit at Rs 8,938 crore in the first quarter ended June 2024. The same stood at Rs 10,527 crore a year ago.
Britannia Q1 Results: Cons PAT jumps 10.5% YoY to Rs 506 crore, misses estimates
Britannia on Friday reported a 10.5% YoY rise in its June quarter consolidated profit to Rs 506 crore while revenue rose 4% YoY to Rs 4,130 crore.
Adani Enterprises Q1 Results: Cons PAT zooms 116% YoY to Rs 1,454 crore
Adani Enterprises Q1 FY25 Results: Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22644 crore in the corresponding period of last year.
Maruti Suzuki shares climb 4% to hit 52-week high on strong Q1 performance. Should you buy, sell or hold?
Maruti Suzuki Shares Price: Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.
Bank of Baroda Q1 Results: Profit rises 9.5% to Rs 4,458 crore
Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period.
Maruti Suzuki Q1 Results: Profit soars 47% YoY to Rs 3,650 crore, beats estimates
Maruti Suzuki Q1 Results: India's largest carmaker, Maruti Suzuki, saw a 46.9% YoY rise in standalone profit to Rs 3,650 crore for Q1, exceeding the Street estimate of Rs 3,467 crore. However, revenue grew 9.82% YoY to Rs 33,875 crore, missing the Rs 34,770 crore estimate. Margins were 12.6%, above the 12% forecast, driving shares up over 4% to a record Rs 13,390 on the BSE.
Nestle India Q1 Results: Profit rises 7% YoY to Rs 747 crore, misses estimates
Nestle India Q1 Results: During the quarter, the MNC packaged foods company's 5 top brands grew by double digits. Despite a hot summer in India, its beverages business thrived with strong growth. Innovations contributed to a 30% growth in prepared dishes and cooking aids.
Q1 results today: L&T, Axis Bank among 67 companies to announce earnings on Wednesday
67 companies, including L&T, Axis Bank, Bajaj Finserv, and SBI Life, will release April-June 2024 results. L&T expects 8% growth. Axis Bank's net interest income is up 11%, with net interest margins down; it reported Rs 7,130 crore profit in March quarter compared to last year's loss. Results from various companies are anticipated.
Bajaj Auto shares dip nearly 4% after Q1 results. Brokerages see upside potential of up to 27%
Bajaj Auto shares dipped by 3.7%, reaching Rs 9,295.50 post a profit of Rs 1,942 crore, marking an 18% YoY rise. Revenue increased by 16% to Rs 11,932 crore. Despite a sequential PAT drop of 3.4%, Q1FY25 EBITDA surged 24%, surpassing estimates. Brokerages gave mixed ratings: Nuvama, JM Financial, and Nomura rated 'Buy'; CLSA rated 'Underperform'.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Ashok Leyland Q4 Results: Net profit jumps 20% to Rs 900.41 crore
Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.
Ashok Leyland Q4 Results: Net profit rises 17% to Rs 934 crore
Ashok Leyland reported a 16.73% increase in Q4 net profit to Rs 933.69 crore. FY24 net profit was Rs 2,696.34 crore with a revenue of Rs 45,790.64 crore. Managing Director Shenu Agarwal and Chairman Dheeraj Hinduja expressed optimism about the company's future prospects.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates
ITC Q4 Results: Revenue from operations rose 2% year-on-year (YoY) to Rs 19,446 crore in the January-March 2024 period, compared with Rs 19,058 crore in the corresponding period of last year. The Board has also recommended a final dividend of Rs 7.50/share for the financial year ended March.
Consumption demand remained subdued in Q4, rural India recovered after several quarters: ITC
FMCG major ITC notes subdued Q4 consumption but rural demand recovery. Q4 profit below estimates at Rs 5,190 crore; revenue up 2% to Rs 19,446.5 crore. Cigarette revenue rises 7.7%, FMCG (excluding cigarettes) up 7.2%, impacted by low priced Chinese supplies and trade restrictions on agri commodities affecting agri business segment.
GRSE shares surge 20% after posting doubling Q4 profit but ICICI Securities screams sell
Shares of PSU defense company Garden Reach Shipbuilders (GRSE) experienced a significant surge of 20% on the BSE on Thursday, reaching a new all-time high of Rs 1,424.80. This surge followed the company's announcement of a remarkable 104% year-on-year (YoY) increase in its net profit to Rs 112 crore.
BPCL Q4 Results: Net profit down 30% YoY to Rs 4790 crore on weak refining margins
FY24 net profit highest at Rs 26,674 crore. Company issues 1:1 bonus; declares dividend of Rs 21 per share. Revenue from operations declined 5% from Rs 5.06 lakh crore to Rs 5.33 lakh crore
Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
Hero MotoCorp declared a final dividend of Rs. 40 per share. This dividend together with interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal, of Rs.100 per equity share, takes the aggregate total dividend for the year 2023- 24 to Rs. 140 per equity share.
Hero MotoCorp Q4 Results: PAT jumps 18% YoY to Rs 1,016 crore; dividend declared at Rs 40 per share
Hero MotoCorp Q4 Results: The company had reported a profit of Rs 858.93 crore in the year-ago period. The PAT was broadly in line with the Street's estimates of Rs 1,026 crore. This was also its highest-ever revenue and profit after tax (PAT) for any financial year.
Hero MotoCorp Q4 Results Preview: Robust volumes to drive revenue, profit higher; margins to expand
Hero MotoCorp Q4 Results Preview: Hero MotoCorp is poised for robust growth in Q4, with a projected 14% surge in revenue propelled by increased volumes and average selling prices (ASPs). Profit is forecasted to climb by 22%, bolstered by a 10% uptick in volume. Additionally, the company anticipates a 123 basis points improvement in EBITDA margins.
CDSL opens record 1.09 crore Demat accounts in Q4
On Friday, CDSL announced its March quarter earnings where it reported a 52% increase in annual profit after tax (PAT), and a 105% increase in quarterly PAT. The total standalone income reported by the company for FY24 stood at 743 crore, which was a 37% YoY jump. On the consolidated basis, the total revenue stood at Rs 907 crore which was 46% higher than what it reported in the yea
Tata Tech shares dip 5% as brokerages reduce target prices. Should you buy?
Tata Tech Share Price: Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.
Britannia Industries Q4 Results: Cons PAT declines 4% YoY to Rs 538 crore; dividend declared at Rs 73.5 per share
Britannia Q4 Results: The PAT was in line with the Street's estimates, which predicted the same at Rs 537 crore. The total revenue reported in the January-March quarter stood at Rs 4,069.36 crore, which was up nearly 1% over Rs 4,023.18 crore reported by in the corresponding quarter of the last financial year.
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