RAJASTHAN GASES LTD Q3 RESULTS
Volume and value growth to converge in second half of Q2FY25: Pidilite
Pidilite Industries Ltd. managing director Bharat Puri expects volume and value growth to align in the second half of Q2 2024, with value growth potentially surpassing volume due to improved product mix. The company reported a 9.6% increase in volume and a 21% rise in net profit to Rs. 571 crores. Export sales were affected by geopolitical tensions and shipping delays.
Shree Cement Q1 Results: PAT declines 51% YoY to Rs 278 crore; revenue rises marginally
Shree Cement Q1 Results: During the first quarter of the 2025 fiscal year, the company reported a 1.75% increase in revenue from operations, reaching Rs 5,123.9 crore compared to Rs 5,035.6 crore in the same period last year. Total expenses also rose by 4.4% to Rs 4,618 crore from Rs 4,422 crore in the first quarter of the previous fiscal year. Despite these figures, the company's stock price experienced a slight decline of 0.2% to Rs 26,682 following the release of the earnings report.
Bharti Hexacom Q1 Results: Profit more than doubles to Rs 511 crore
Bharti Hexacom, a subsidiary of Bharti Airtel, more than doubled its net profit in the FY25 fiscal's first quarter, largely on the back of a Rs 318.3 crore exceptional gain
HCLTech Q1 result; Nasscom on Karnataka gig workers’ bill
India’s third IT major HCLTech’s Q1 profit is up 20% to Rs 4,257 crore. This and more on today’s ETtech Top 5.
Cement stocks in focus in Modi 3.0: Birla Corp, JK Cement could give 14-22% return
Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while it was ~1% lower than 4QFY24 average.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
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Suzlon Energy shares hit 5% upper circuit amid block deal
Suzlon Energy's shares surged by 5% to hit the upper circuit at Rs 46.2 on the BSE on Wednesday following reports of a block deal on the counter. Around 33.9 lakh shares of Suzlon Energy were traded in the block deal, with the identities of buyers and sellers undisclosed.
Sundaram Home Finance Q4 results: Net profit at Rs 57 cr; disbursements breach Rs 5,000 cr
Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance has reported a net profit of Rs 57 crore for the January-March 2024 quarter, the company said.
Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
Bharti Hexacom Q4 Results: Bharti Airtel arm reports 10% YoY PAT jump to Rs 223 crore
Bharti Hexacom Q4 Results: The company reported a PAT of Rs 202 crore in the year-ago period. Its revenue from operations was reported at Rs 1,868 crore for the quarter, an 8% jump YoY. It is the company's first quarterly earnings since its listing in April.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
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.
DMart Q4 Results: PAT grows 22% YoY to Rs 563 crore, revenue up 20%
The profit was Rs 460 crore in the corresponding quarter of the previous financial year. The retailer's EBITDA rose 22.3% YoY to Rs 943 crore while its operating profit margin also a growth of 13 bps at 7.41%.
What EPack Durable's MD has to say on Q3 turnaround, debt and stock’s tepid show
EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
Shree Cement shares jump 6% on strong Q3 earnings. Nuvama upgrades stock to ‘Hold’
Net revenue from operation stood at Rs 4,901 crore up 20% YoY from Rs 4,069 crore reported in the year-ago period. On a sequential basis, it was up 7% over Rs 4,585 crore reported in Q2FY24.
Godfrey Phillips Q3 Results: Marlboro India seller's net profit rises 7% YoY to Rs 212 cr
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses.
Rajasthan Election 2023 Winner List: Who won and who lost
Rajasthan Assembly Election 2023 Full Winner List: No government in Rajasthan has been re-elected for a second term since 1998. The state has been consistently going back and forth between the BJP and the Congress.
Rajasthan follows tradition, shows Ashok Gehlot government the door
Several ministers, including Disaster Management Minister Govind Ram Meghwal, who was also the Congress' campaign committee chief, was defeated by BJP's Vishwanath Meghwal on Khajuwala seat. Interestingly, the newly-formed regional party Bharatiya Adivasi Party (BAP) cornered 3 seats and Independents won eight seats.
HPCL stock gains in a wobbly market on stellar Q2 show
In a post-result earnings call, the company’s management stated that HPCL is carrying about 23 days of crude inventory and 30 days of marketing inventories.
Vijay Kedia-invested Om Infra returns to black in Q2; revenue soars 250%
On a 6-month basis, Rajasthan-based Om Infra's net profit jumped more than 34 times to Rs 38.20 crore. Revenue from operations spiked 175% to Rs 522 during the period under review.
Rapido's cab-hailing entry; Amazon's Q3 show with overseas push
Ride-hailing platform Rapido, known for venturing into this space with bike taxis, is now testing cabs on its platform. This and more in today’s ETtech Top 5.
NDTV shares fall over 3% as Q2 net profit drops 51%
The decline was mainly attributed to a fall in advertising spending by businesses amid rising interest rates. Indian broadcasters are grappling with slowing advertising spending as businesses clamp down on discretionary investments to rein in costs amid high inflation and aggressive interest rate hikes.
Hindustan Zinc Q2 Results: Net profit plunges 35% YoY to Rs 1,729 crore
Hindustan Zinc's revenue from operations during the quarter ended September declined 16% year-on-year to Rs 6,619 crore as against Rs 8,127 crore in the same quarter of the previous year. The company has reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 3,139 crore, down about 24% year-on-year. Margins too declined to 46.2%.
Dynamic Cables Q1 Results: Net profit grows 59% to Rs 11.38 crore
In a separate statement, company's Managing Director Ashish Mangal said, "We have reported strong numbers in the first quarter of FY24. The growth was driven by healthy demand for our products across domestic and export markets.
Tata Power Q4 Results: Profit jumps 48% YoY to Rs 939 crore, dividend declared at Rs 2/share
Tata Power Q4 Results: Its consolidated revenue was up by 6% at Rs 12,755 crore against Rs 12,085 crore in Q4FY22 due to higher sales across distribution companies & capacity addition in renewables.
Infosys forecasts lowest revenue growth in six years; FirstCry's secondary share sale at $3 billion
India’s second-largest software exporter, Infosys has forecast a revenue growth of 4-7%, its lowest guidance in over six years. This and more in today’s ETtech Morning Dispatch.
Nykaa reports 68% fall in Q3 profit at Rs 9 crore; Big Tech battle it out for AI control
Nykaa's revenue from operations surged 33% to Rs 1,462 crore for the quarter under review. Revenues in the year-ago quarter stood at Rs 1,098 crore. Expenses surged 36% to Rs 1,455 crore in the December quarter against Rs 1,067 crore in the same period last year.
Airtel Q3 postpaid growth signals hike likely only in pre-paid segment: IIFL
The company, in its Q3 webcast, said that its postpaid to pre-paid ARPU ratio is at around 1.7x, which it feels is optimum to drive further growth in the segment. “When this hit 3.5x (in the past), postpaid adds saw a material slowdown. All these (points) seem to suggest that Bharti may not be in a hurry to raise postpaid tariffs,” brokerage firm IIFL said in a report.
Shree Cement Q3 Results: PAT declines 44% YoY to Rs 277 crore; dividend declared at Rs 45/share
However, its revenue from operation grew 15% YoY at Rs 4,069 crore during the October-December 2022 period compared to Rs 3,552 crore in the year-ago period.
Adani Green Q3 Results: Profit more than doubles YoY to Rs 103 crore; revenue jumps 53%
Total income for the quarter jumped 53% to Rs 2,258 crore in the third quarter as against Rs 1,471 crore in the corresponding quarter of last year.
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