PTC INDUSTRIES LTD Q3 RESULTS
RVNL among India Inc's unlucky 13 with over 25% drop in both sales, profit in Q1
To maintain a premium valuation, a stock must demonstrate strong earnings growth and a positive future outlook. However, the June quarter results revealed that several prominent companies, including popular retail multibaggers, fell short in terms of earnings. ETMarkets reviewed companies with an m-cap of at least Rs 5,000 crore and identified 13 entities that reported at least a 25% YoY decline in sales and profit.
Take notice! In a muted Q1 season, these 14 companies doubled sales and profits
14 companies with market capitalization exceeding Rs 2,500 crore demonstrated exceptional performance in Q1 2024, doubling their sales and profits. Top performers included Spright Agro and Diamond Power Infrastructure. The broader market saw mixed results with sectors like BFSI and automobile doing well, but oil marketing companies underperforming.
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.
Top guns like Ashish Kacholia, Rekha Jhunjhunwala strike gold with 14 multibagger stocks
Top investors on Dalal Street including Ashish Kacholia and Rekha Jhunjhunwala saw substantial gains in 2024, with 14 of their stocks yielding multibagger returns. Notably, Advait Infratech provided a 215% return. Despite these successes, experts recommend cautious investment amid high valuations in certain market segments.
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.
PTC India Q1 Results: PAT rises 33% to Rs 189 crore
Manoj Kumar Jhawar, Chairman and Managing Director (Addl Charge) and Director (Commercial & Operation), PTC India, said, "The unusual changes in demand pattern, partly due to extreme weather conditions during the quarter saw high electricity demand and mismatches. The flat volume achieved in this scenario represents the balanced portfolio composition of the company".
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Hindalco Q1 Results: Cons PAT jumps 25% YoY to Rs 3,074 crore, revenue rises 8%
Hindalco Q1 Results: The Aditya Birla Group company's revenue from operations increased 7.6% to Rs 57,013 crore, and EBITDA surged 31% to Rs 7,992 crore. The India business achieved a 102% rise in consolidated PAT to Rs 1,957 crore.
Q1 results today: Hindalco, Nykaa among 660 companies to announce earnings on Tuesday
Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results
Nykaa Q1 Preview: PAT seen growing multifold; BPC, fashion to drive revenues
Nykaa Q1 Result Preview: FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.
Siemens Q3 results: PAT grows 25% to Rs 531 crore
Siemens saw a 25% rise in profit after tax at Rs 531 crore for the April-June quarter, driven by higher revenues. The company's revenues increased by 7% to Rs 4,714 crore, and new orders were up by 18% at Rs 6,245 crore. The CEO noted strong performance across businesses, except in the Digital Industries segment.
Siemens India Q3 FY24 net profit jumps 27% YoY to Rs 578 crore
The company follows an October–September period to report its quarterly results. Total revenue was up 7% at Rs 5203 crore against Rs 4873 crore. The company’s new orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year. Revenue from energy segment declined from Rs 1,518 crore to Rs 1,485 crore year-on-year.
Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12%
At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal.
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.
Honasa Consumer Q1 Results: Cons PAT zooms 63% YoY to Rs 40 crore, revenue jumps 19%
Mamaearth Q1 Results: Parent company Honasa Consumer reported a consolidated net profit increase of 63% to Rs 40 crore for the April-June 2024 quarter. Revenue from operations rose by 19% to Rs 554 crore. The product business grew by 20.3% with an EBITDA margin expansion of 201 bps to 8.3%.
Paramount Cables Q1 Results: Cons PAT zooms 74% YoY to Rs 25.3 crore
The company's total revenues rose to Rs 324.2 crore, up 52 per cent from Rs 212.2 crore in the year-ago quarter.The railways and power cables contributed 37.5 per cent and 19.9 per cent respectively to the revenues
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
Grasim Industries Q1 preview: Revenue uptick seen at 17-25% YoY, PAT may fall on losses in VSF, paints biz
Grasim Industries' net profit for Q1 ending June 30, 2024, is projected to be between Rs 104 crore and Rs 231 crore, with revenue expected to see a 17%-25% YoY increase. However, losses in the VSF and paints segments are likely to pull down the PAT figures, compounded by weak operating margins.
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.
Airtel’s ARPU for Q1 FY25 increases to Rs 211 as against Rs 200 in Q1 FY24
Bharti Airtel's average revenue per user (ARPU) rose to Rs 211 in Q1 FY25, up from Rs 200 the previous year. The company saw its consolidated profit more than double to Rs 4,160 crore, driven by increased demand for high-margin 4G and 5G services. Consolidated revenue grew by 2.8% to Rs 38,506.4 crore, with Indian revenue up 10.1% to Rs 29,046 crore.
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.
Eveready Industries Q1 Results: Net profit rises 18% YoY to 29.3 crore, revenue dips 4%
Eveready Industries India saw an 18.1% increase in Q1 net profit, reaching Rs 29.36 crore, while revenue declined by 3.9% to Rs 349.37 crore. The company attributed the revenue dip to multiple factors, including a high base effect and a slowdown in some products, but highlighted gains from premiumisation and innovation.
JK Tyre Q1 Results: Net profit zooms 37% YoY to Rs 211 cr; total income falls to Rs 3,655 cr
JK Tyre & Industries recorded a 37% rise in net profit to Rs 211 crore for the first quarter of FY25, compared to Rs 154 crore in the same period last year. Despite a slight drop in total income, the company mitigated this with strong export growth and contributions from its subsidiaries.
VST Industries shares jump 7% on bonus share announcement, Q1 results
VST Industries' shares surged 7.4% after the company announced a 10:1 bonus share issue, despite reporting a 36% YoY decline in PAT for the June quarter. The record date for determining shareholder eligibility is August 30. Shares will be credited by September 24.
Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday
Companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results
RIL shares fall 3% after subdued Q1 results but target prices go up to Rs 3,786
Reliance Industries shares dropped 3% to Rs 3,019 on BSE as it reported a 5% YoY profit decline, missing Street estimates for Q1. Jefferies lowered target price to Rs 3,525 citing retail underperformance and subdued oil-to-chemicals outlook. Nuvama set the highest target at Rs 3,786. Macquarie maintained a neutral stance, targeting Rs 2,750, citing potential downside to consensus EPS.
Lower fuel cracks, tepid global demand and new refineries impacted Reliance's core O2C business: Mukesh Ambani
Reliance Industries' Q1 profit dropped to Rs 15,138 crore, a 5% year-on-year and 20% quarter-on-quarter decline from March's Rs 18,951 crore. The O2C segment experienced a 14.3% EBITDA fall due to lower fuel and petrochemical margins. Petrol margins decreased by 30%, depreciation was Rs 13,596 crore, and finance costs rose despite telecom and retail gains.
RIL Q1 Results: PAT drops 5% YoY to Rs 15,138 crore; revenue jumps 12%
RIL Q1 Results: Mukesh Ambani-led Reliance reported a 5% decrease in its consolidated net profit for the quarter ending June 2024, amounting to Rs 15,138 crore compared to Rs 16,011 crore in the same period last year. Despite this, revenue from operations grew by 12% YoY to Rs 2.36 lakh crore. The reported profit fell significantly short of Street expectations of around Rs 16,341 crore.
RIL Q1 results preview: Revenue may grow by 7-12% YoY, PAT could decline up to 6.3% on weak O2C
Reliance Industries is anticipated to report Q1FY25 profit between Rs 14,999 crore to Rs 19,084 crore with revenue estimates ranging from Rs 2,31,463 crore to Rs 2,22,254 crore. Concerns arise over O2C impact on earnings due to declining refining margins.
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.
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