PURPLE ENTERTAINMENT LTD Q4 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.
![Delhivery CEO on q-commerce & more; Rapido’s rising GMV](https://img.etimg.com/thumb/msid-112389214,width-100,height-75,resizemode-4/tech/newsletters/morning-dispatch/delhivery-ceo-on-quick-commerce-rapido-on-the-up-up.jpg)
Delhivery CEO on q-commerce & more; Rapido’s rising GMV
Happy Friday! Delhivery’s CEO Sahil Barua spoke exclusively to ETtech about quick commerce and more. This and other big stories in today’s ETtech Morning Dispatch.
![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.
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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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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.
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India Inc exits FY24 on a strong note, clocks double-digit profit growth in Q4
Corporate India saw double-digit growth in net profit and single-digit revenue increase in the March 2024 quarter. Expectations are for healthy growth in the current fiscal year due to peaking interest rates and government policy continuity.
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.
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.
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.
Infosys Q4 earnings; layoffs at Good Glamm group
India’s second-largest IT company Infosys posted upbeat results for the fourth quarter. More numbers in today’s ETtech Top 5.
GTPL Hathway Q4 Results: Company back in black with Rs 16-crore net profit
GTPL Hathway reported a consolidated net profit of Rs 16 crore for the quarter ending March 31, compared to a net loss of Rs 11 crore in the same quarter of the previous fiscal.
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.
TCS beats the estimates. Will other 5 IT majors be able to do it? If yes, this 13.05% will change the Nifty’s behaviour for good
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
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.
Tata Communications Q3 Results: Company posts fastest quarterly revenue growth in 9 years
Shares of the company closed 4.3% higher after the results. They fell 8.4% in the December-quarter after rising for two straight quarters.
LTIMindtree Q3 Results: Net profit rises 17% YoY to Rs 1,169 crore, meets estimates
LTIMindtree Q3 Results: Revenue from operations in the same period increased 5% to Rs 9,017 crore as against Rs 8,620 crore in the December quarter of last year. EBIT for the third quarter jumped 16% year-on-year to Rs 1,386 crore as against Rs 1,197 crore reported in the same quarter of last year. EBIT margins also improved to 15.4% in the reporting quarter.
Network18 Media Q3 Results: Net loss at Rs 107.87 crore; revenue drops 4%
The company had posted a profit of Rs 8.82 crore during the October-December period a year ago, according to a regulatory filing by Network18 Media & Investments Ltd.
HCL Tech Q3 Results: Net profit rises 6% YoY to Rs 4,350 crore, beats estimates
HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 crore. The Board of Directors has declared an interim dividend of Rs 12 per equity share and fixed January 20 as the record date for the same.
Zee Enterprises Q1 Results: Firm posts Rs 53 crore-loss vs profit a year ago; revenue rises 8% YoY
Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), declined 42.3% YoY to Rs 155 crore, while it rose 2% sequentially.
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