PURPLE ENTERTAINMENT LTD Q2 RESULTS
![F&O outliers: September seasonality weighs on ICICI Bank, Adani Ports, TVS Motors, 7 others. Here's why](https://img.etimg.com/thumb/msid-112898535,width-100,height-75,resizemode-4/markets/options/fo-outliers-september-seasonality-weighs-on-icici-bank-adani-ports-tvs-motors-7-others-heres-why.jpg)
F&O outliers: September seasonality weighs on ICICI Bank, Adani Ports, TVS Motors, 7 others. Here's why
Over the last decade, five F&O stocks showed positive seasonality in September with average returns over 5%, including TVS Motor, Deepak Nitrite, Abbott India, Escorts Kubota, and Zee Entertainment. Conversely, ICICI Bank, APSEZ, SBI, Cummins India, and Dabur India had negative seasonality, with average losses of 2% or more.
![Oil and gas spoil India Inc show in June Quarter](https://img.etimg.com/thumb/msid-112538803,width-100,height-75,resizemode-4/markets/stocks/news/oil-and-gas-spoil-india-inc-show-in-june-quarter.jpg)
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.
![Disney beats quarterly revenue estimates, turns streaming profit](https://img.etimg.com/thumb/msid-112350651,width-100,height-75,resizemode-4/news/international/business/disney-beats-quarterly-revenue-estimates-turns-streaming-profit.jpg)
Disney beats quarterly revenue estimates, turns streaming profit
Disney's latest quarter saw revenues of $23.2 billion, surpassing expectations. The company achieved a first profit in its streaming business, reporting $47 million in operating income. However, domestic theme parks faced a dip in operating income. Looking ahead, Disney anticipates modest growth in Disney+ subscribers and continued profitability in its streaming segment.
![Sony Q1 Results: Co posts 10% profit rise on image sensor strength](https://img.etimg.com/thumb/msid-112338712,width-100,height-75,resizemode-4/markets/stocks/earnings/sony-q1-results-co-posts-10-profit-rise-on-image-sensor-strength.jpg)
Sony Q1 Results: Co posts 10% profit rise on image sensor strength
Sony achieved a 10% increase in operating profit for April-June, driven by its image sensor business. This segment, vital to smartphone makers, saw profits triple. PlayStation 5 sales were down compared to last year, but gains in software sales helped the gaming segment. Sony aims to sell 18 million PS5 units this year.
![ENIL posts 19.3% domestic revenue growth in Q1](https://img.etimg.com/thumb/msid-112176445,width-100,height-75,resizemode-4/industry/media/entertainment/enil-posts-19-3-domestic-revenue-growth-in-q1.jpg)
ENIL posts 19.3% domestic revenue growth in Q1
Entertainment Network India Ltd (ENIL), operator of Radio Mirchi, saw a 19.3% YoY growth in domestic revenues, reaching ₹109.4 crore, driven by radio and digital segments. Q1 FY25 EBITDA (excluding digital) was ₹20.5 crore, up from ₹19.2 crore in FY24. Net profit rose to ₹5.8 crore. Digital revenues hit ₹17.8 crore, 25% of radio revenue. Consolidated revenues for Q1 FY25 were ₹113.5 crore with international markets EBITDA positive. CEO Yatish Mehrishi expressed satisfaction with Q1 results, highlighting growth momentum and the positive reception of the Gaana app.
![ZEEL Q1 Results: Co swings to black with Rs 118 crore-profit vs year-ago loss](https://img.etimg.com/thumb/msid-112161774,width-100,height-75,resizemode-4/markets/stocks/earnings/zeel-q1-results-co-swings-to-black-with-rs-118-crore-profit-vs-loss-year-ago.jpg)
ZEEL Q1 Results: Co swings to black with Rs 118 crore-profit vs year-ago loss
Zee Entertainment Enterprises (ZEE) posted a net profit of Rs 118 crore in the first quarter, recovering from a previous loss of Rs 53.42 crore. Revenue increased by 8% YoY to Rs 2,149 crore. EBITDA showed a 75% YoY growth to Rs 271.7 crore. The domestic advertising revenue declined by 3% YoY due to cricket and general elections.
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Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
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.
Hot Stocks: Brokerage view on L&T Finance, Aadhar Housing, Asian Paints, Zee Ent, Eicher Motors and LTIMindtree
Goldman Sachs maintained a neutral rating on Asian Paints, reducing the target price to Rs 2,750. The company reported a significant EBITDA decline in Q1, amid ongoing headwinds and increased competitive pressure expected to persist. Meanwhile, the global brokerage upheld a buy rating on Eicher Motors with a target price of Rs 5,400
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.
Zee’s finances on the mend, still wait for bigger picture
Zee’s consolidated revenue grew by 10% year-on-year to Rs 2,170 crore in the March 2024 quarter. This was 8% higher than the street’s estimates. A large part of this growth was on account of 10% growth in the advertising revenue at Rs1,110 crore, beating the analysts’ estimates by 16%.
Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4
Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday's trading session on the BSE, following the company's announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.
Sensex ends special trading session above 74K; Nestle up 2%
Indian stock market ended positively with Sensex above 74,000 and Nifty crossing 22,500, buoyed by global markets. Nestle India, JSW Steel, and Zee Entertainment Enterprises saw notable movements.
ZEE Entertainment shares rally 5% after Q4 results. Should you buy, sell or hold?
ZEE Share Price: ZEEL swung back to profit in March quarter against loss a year ago. Its total income in the reporting quarter, too, increased 3% YoY to Rs 2,185 core. Goldman Sachs sees partial recovery in revenues as a positive sign.
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
Zee to announce Q4 earnings, likely dividend payout on May 17
In 2024, so far the shares have tanked over 53%, and the counter hit its 52-week low of Rs 130.50 on Wednesday taking the declines to 56% from its 52-week high of Rs 299.70, which it hit in December last year.
Star India's sports losses widen by 50% to $342 million in H1 FY24
Star India's sports business operating loss reached $342M for six months till March 30, surpassing $228M last fiscal. Walt Disney's revenue hit $504M, with costs at $786M due to IPL cricket programming expenses. Ad revenue doubled to $221M.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
Network18 Q4 Results: Loss widens to Rs 96 crore; revenue jumps 63% YoY
Network18 Q4 Results: Segment-wise, TV news reported strong revenue growth during the quarter and full year, driven by an increase in advertising revenue across clusters.
Q4 results preview: 29 companies likely to report doubling of profit
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.
Zee shares in focus ahead of Q3 results today
The Subhash Chandra-promoted company had reported a 9% growth in its consolidated net profit for the July-September quarter at Rs 123 crore compared to Rs 113 crore in the same quarter last year. The operating revenue in Q2 rose 20% year-on-year (YoY) to Rs 2,437 crore.
TV18 Broadcast Q3 Results: Company reports loss of Rs 55.8 cr, revenue drops 5.2% to Rs 1,676.2 cr
TV18 Broadcast had posted a net profit of Rs 37.81 crore in the October-December period of the preceding fiscal, the company said in a regulatory filing. TV18 Broadcast's total expenses were up 5.2% to Rs 1,907.28 crore in the December quarter.
ZEEL Q2 Results: Profit grows 9% YoY to Rs 123 crore; revenue jumps 20%
Operating revenue rose 20% year-on-year (YoY) to Rs 2,437 crore in the second quarter under review. The company has clocked 6% growth in its consolidated EBITDA to Rs 333 crore in the July-September period. EBITDA margins came in at 13.6% in the same period, down from 15.6% a year ago.
Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others
Power Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7
Q2 earnings, global cues among 8 factors to drive Dalal Street this week
As the earnings near the fag end, a plethora of companies are scheduled to release their second-quarter earnings in the week ahead. Divi’s Laboratories, FSN E-Commerce, Power Grid Corp of India, Adani Ports and SEZ, Apollo Hospitals, Bosch, Zee Entertainment Enterprises, LIC, Oil and Natural Gas Corp, Coal India, M&M, HAL, and Hindalco Industries are among the big names to watch out for.
Reliance Jio Q2 Results: Profit rises 12% YoY to Rs 5,058 crore; revenue up 10%
The profit figure was marginally higher than the ET Now Poll estimate of Rs 5,038 crore. On a year-on-year (YoY) basis, profit jumped 12%, while revenues increased 10% in the July-September period.
Network18 Media Q2 Results: Firm posts consolidated operating loss of Rs 218 crore
The media company, which also owns stakes in Viacom18, saw its operating revenue increase by 20% year-on-year to Rs 1866 crore, driven by the news business, movie studios, and sports verticals. Viacom18 owns and operates 38 TV channels besides the JioCinema streaming platform. It also runs 20 news channels across multiple languages in addition to digital news properties
Tech Mahindra Q2 Results: Profit tumbles 62% YoY to Rs 494 crore; revenue falls 2%
The company's board has approved an interim dividend of Rs 12 per equity share and fixed November 2 as the record date for the same.
NDTV Q2 Results: Net profit falls 51% YoY to Rs 6 crore; revenue falls 10%
Consolidated net profit was 59.1 million rupees ($710,803.00) in the three months to Sept. 30, compared with 120.1 million rupees a year earlier, it said in an exchange filing.
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