SPEL SEMICONDUCTOR LTD Q3 RESULTS
Q-comm dark store battle; NPCI’s new UPI Circle
Happy Tuesday! Companies in the buzzy quick commerce sector are jostling for warehouses to fortify their supply chain. This and more in today’s ETtech Morning Dispatch.
India Q1 FY25 GDP data: Will reviving rural growth beat effects of election-time capex lag?
India Q1 FY25 GDP data: India's economy is projected to grow between 6.9% and 7.2% in Q1 FY25, affected by lower government spending and slowed urban growth. Various forecasts predict slower quarter-on-quarter growth than the Reserve Bank of India's estimates, driven by election-related spending cuts and moderated urban consumption.
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
The Indian economy is projected to grow by 7.0-7.1% in Q1 of 2024-25, according to an SBI Research report. This forecast, however, carries a downward bias. The Reserve Bank of India has predicted a 7.2% GDP growth for the entire fiscal year, with quarterly growth estimates of 7.1% for Q1.
Amazon’s q-comm move; green shoots for IT sector
Happy Monday! Amazon wants to catch up in the quick commerce race. We have a Monday AM scoop on the latest from the US ecommerce major in today's ETtech Morning Dispatch.
SBI Q4 net profit surges 24% to a record
Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ₹1,700-crore buffer for any future pension needs.
L&T Q4 Results: Net profit rises 10% YoY to Rs 4,396 crore
Consolidated revenue for the quarter stood at Rs 67,079 crore, up 15% on a year-on-year basis. The share of international revenues during the quarter was 45%. CFO said order inflows in Q1 and Q2 of FY25 will be muted.
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LTTS shares plunge 10% on muted Q4 performance
The company’s EBIT margin stood at 17.1% for the quarter ended March and the board has recommended a final dividend of Rs 33 per share.
TSMC's Q1 revenue rise beats market expectations on AI boom
TSMC's Q1 revenue surged 16.5% to T$592.64 billion, surpassing estimates. Market cap at $662B. Anticipated 4% Q1 net profit rise. High demand for AI applications drove the revenue increase.
Nvidia becomes biggest semiconductor firm in Q3, beats Intel, Samsung, TSMC
Graphics chip giant Nvidia has become the most profitable semiconductor firm in the third quarter (Q3) of this year, surpassing Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC).
Q2 Results on Friday: What to expect from M&M, Coal India, LIC and Hindalco
Among index majors, Coal India, Eicher Motors, Hindalco Industries, Mahindra & Mahindra, and Oil and Natural Gas Corp are set to release their quarterly numbers.
Bosch Q2 Results: Profit rises on higher auto parts demand
Net profit rose to 9.99 billion rupees ($119.95 million) for the quarter ended Sept. 30 from 3.72 billion rupees a year earlier, said the company, which makes a wide range of auto parts such as braking systems and batteries.
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.
Bajaj Auto Q2 net up 20% on strong CV sales and higher share of 125 cc plus bikes
Net profit at the maker of Pulsar and Discover brands rose to Rs1836 crore as compared to Rs1530 crore while revenue from operations at the firm during the quarter rose 6% year-on-year to Rs10,777 crore compared to Rs 10203 crore in the corresponding quarter.
TSMC Q3 Results: Profit falls 24.9%, beats market forecasts
Capital expenditure in the third quarter was $7.1 billion, TSMC said, compared with $8.17 billion in the previous quarter.
Nifty IT under pressure! Is it the aftermath of Infosys' disappointing Q1 or are headwinds for real?
It was after almost six quarters that quarterly results of TCS were able to help in improving the sentiment toward the IT stocks. But that was short lived as the result and guidance of Infy reversed the sentiment toward bears. But is the worst over or it is still to continue. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Vedanta shares fall 3% on weak Q1 results. Should you buy or sell?
Following the Q4 results, Kotak Institutional Equities maintained its 'Sell' rating on Vedanta with a target price of Rs 215 (Rs 235 earlier). The company reported a consolidated net profit of Rs 2,640 crore for the quarter ended June, down about 40% from Rs 4,421 crore reported in the same quarter last year.
Tata Motors Q4 beats estimates, automaker reports consolidated net profit of Rs 5408 crore
Tata Motors Group, the Mumbai-based multinational automotive manufacturing company, announced a net profit of INR 5420 crore ($721.5m) for Q4 2022, a rise of INR 6435 crore ($858.7m) YoY, driven by a strong operational performance at Jaguar Land Rover and its India business. Net revenue also rose to INR 1,05,932 crore, a YoY increase of 35%. The company has also outlined a capex of INR 38,000 crore, which includes INR 8000 crore for India business, for FY24.
TVS Motor Company Q4 Results: PAT rises 49.5% YoY to Rs 410.27 cr; revenue jumps 19.4%
Analysts expected the company to post flattish revenue in the fourth quarter of the last financial year but higher realizations on back of a premium product mix, easing semiconductor supply, and decline in commodity prices to support margins.
Samsung results: Operating profit falls 95%, firms flags H2 recovery
The South Korean tech giant's chip division - normally its most reliable cash cow - reported a 4.58 trillion won loss compared to a 8.45 trillion won profit a year earlier.
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.
Tech earnings a mixed bag in Q3 & other big stories this week
Most of the listed tech companies have seen stock valuations halve as investors dumped them in favour of established businesses.
Tata Motors turns in profit after 7 qtrs on easing chip shortage
Even as the firm remains confident of being on the growth trajectory in the forthcoming quarters, Tata Motors is likely to miss its target of being near zero net debt company at a consolidated level by the end of FY2023-24, P.B Balaji, chief financial officer, Tata Motors Group said in a post earnings call.
Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY
Consolidated revenue from operations rose 22.5% YoY to Rs 88,489 crore. The topline too, beat the estimated figure of Rs 82,738 crore.
Weekly Top Picks: 6 stocks with consistent score improvement and upside potential of up to 35%
While NIFTY gets into volatile mode once again, there are some pockets where stocks have seen an improvement in their analyst scores. The 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.
Amazon to deliver third-party ecomm orders; ETSA winners to receive awards on Nov 19
This will make the US ecommerce major a direct rival to new-age logistics firm Delhivery, Xpressbees, Ecom Express and Flipkart's Ekart, which recently started onboarding external merchants to ship non-Flipkart orders.
Minda Corporation Q2 Results: Profit rises 48% YoY to Rs 57.8 crore
“The second quarter of FY23 witnessed a turnaround in consumer sentiments with pent-up demand across vehicle segments on both year-on-year and sequential basis”, said Ashok Minda, Chairman & Group CEO, Minda Corporation.
Kansai Nerolac Paints Q3 results: Net profit falls 39% to Rs 125.3 cr
Kansai Nerolac Paints' revenue from operations during October-December 2021 jumped 13.67 per cent to Rs 1,810.35, compared with Rs 1,592.55 crore in the year-ago period.
Tata Motors Q3 Results: Firm posts net loss of Rs 1,451 cr, misses estimates
The total revenue from operations came in at Rs 72,229.29 crore, down 4.52 per cent against Rs 75,653.79 crore in the corresponding quarter last year.
Maruti Suzuki net dips 48% YoY in Q3FY22
The company could not produce 116,000 vehicles during the quarter under review due to the shortage of semi-conductors.
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