TATA INVESTMENT CORPORATION LTD Q1 RESULTS
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.
Zomato captains India Inc’s dream Team XI with over 1,000% profit growth
The June quarter saw Zomato and 10 other companies achieving over 1,000% profit growth. Zomato's profit skyrocketed 12,550% year-on-year. Other remarkable performers were Shakti Pumps and Lotus Chocolate. Experts advise focusing on growth outlooks rather than past profits when making investment decisions.
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.
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
LIC plays the price game for growth, margins take a back seat, for now
LIC, India's largest insurance provider, shifted its growth strategy, focusing on expansion over margins. In Q1 FY25, it reported a 24% rise in value of new business due to a 21% increase in annualized premium equivalent. This strategy led to a rise in non-par segment premiums but a decline in overall margins.
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.
- Go To Page 1
Vodafone Idea shares rally over 3% after narrowing Q1 losses. Should you invest?
Vodafone Idea's shares climbed 3.5% as it narrowed its Q1 2024 losses to Rs 6,432 crore. Revenue dipped slightly by 1.38% to Rs 10,508 crore. The company's ARPU grew to Rs 146 from Rs 139. Brokerages provided differing opinions on Vodafone Idea's future, amid concerns about debt and government support.
Nykaa shares jump 6% after Q1 PAT soars 152% YoY. Should you invest?
Nykaa Share Price: Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net profit for June 2024, reaching Rs 13.64 crore. Revenue for the quarter was Rs 1,746.11 crore, up 23%. The board also approved further stakes in Dot & Key Wellness and investment in Earth Rhythm, boosting its business strategy.
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.
Nykaa Q1 Results: Cons PAT soars 152% YoY to Rs 13.64 crore, revenue jumps 23%
Nykaa Q1 Results: FSN E-Commerce Ventures, the company behind Nykaa, announced a consolidated net profit of Rs 13.64 crore for the quarter ended June 30, 2024, marking a 152% increase from last year. Revenue rose to Rs 1,746.11 crore, up 23%.
IRFC Q1 results: PAT up 1.6% YoY to Rs 1,577 crore, revenue uptick at 1.4%
IRFC Q1 results: State-run Indian Railway Finance Corporation (IRFC) reported a net profit of Rs 1,577 crore for the quarter ended June 30, 2024 which was up by 1.6% over Rs 1,551 crore reported by the company in the year ago period.
Zydus Lifesciences Q1 results: Net profit jumps 31% to Rs 1420 crore
The earnings before interest, tax, depreciation and ammortisation (EBITDA) increased 38.4% YoY to Rs 2084 crore. On QoQ, EBITDA increased 27.8%.
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.
LIC stock portfolio surges to Rs 15 lakh crore, 95 stocks sold in Q1
Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.
LIC to declare Q1 results today. Here's what to expect from PSU insurer
Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.
Tata Power Q1 Results: Cons PAT rises 4% YoY to Rs 1,189 crore, revenue jumps 14%
Tata Power Q1 Results: Tata Power today reported a consolidated net profit of Rs 1,189 crore for the quarter ended June 30, 2024, which was up by over 4% from Rs 1,141 crore reported by the company in the year ago period.
PFC Q1 Results: Net profit rises over 20% YoY to Rs 7,182 crore
PFC Q1 Results Latest Updates: The company's board also approved declaration of an interim dividend at the rate of 32.50 per cent or Rs 3.25 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for FY25.
Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others
Power Finance Corp, Vedanta, Tata Power, Britannia Industries, TVS Motor, Bosch, Shree Cement, Solar Industries, Lupin, Linde India, PB Fintech, PI Industries, Berger Paints, Gujarat Gas, and others will announce their June quarter results.
RailTel Q1 Results: PAT jumps 27% YoY to Rs 49 crore, revenue rises 19%
RailTel Corporation had posted a net profit of Rs 38.39 crore in the same period last year. Revenue from operations also rose by 19%, totaling Rs 558.11 crore, up from Rs 467.61 crore in the previous year's quarter.
Tata Motors Q1 Results: PAT surges 74% YoY to Rs 5,566 crore, beats estimates
Tata Motors reported a 74% YoY increase in consolidated net profit to Rs 5,566 crore for Q1 June 2024, slightly above the Street estimate of Rs 5,486 crore. Revenue rose 6% YoY to Rs 1.08 lakh crore but fell short of the estimated Rs 1.15 lakh crore. The company achieved an EBIT of Rs 9,100 crore with an EBIT margin of 8.4%, up 30 basis points YoY.
Tata Steel shares jump 2% after reporting 51% YoY jump in Q1 PAT
Tata Steel shares rose 2% on Thursday, reaching Rs 168.80 on the BSE, following a report of a consolidated PAT of Rs 960 crore for the June quarter. However, revenue declined 8% year-on-year to Rs 54,771 crore. The board approved a scheme of amalgamation with Rujuvalika Investments and their respective shareholders.
Tata Steel Q1 Results: Cons PAT jumps 51% YoY to Rs 960 crore, misses estimates
Tata Steel Q1 Results: Profit, while up 51% year-on-year to ₹960 crore, fell short of Street forecasts of ₹994 crore. Revenue also took a hit, declining 8% to ₹54,771 crore. In a separate development, the board greenlit a ₹35 crore infusion into Tata Power Renewable Energy's subsidiary, TP Parivart, acquiring a 26% equity stake.
Tata Motors Q1 Preview: PAT may jump 48% YoY; JLR to put up a decent show
Tata Motors Q1 Expectations Preview: Analysts expect JLR volumes (excluding China JV) to increase by 9% YoY led by strong growth in Range Rover, Range Rover Sport and Defender model volumes. Overall, revenues (ex China JV) to increase by 6% YoY in 1QFY25.
Tata Consumer shares drop over 2% as Q1 results fail to impress. Should you invest?
Tata Consumer Products reported an 8% drop in profit after tax for the first quarter ended June 2024, falling to Rs 290 crore, below estimates. Shares fell 2.3%. Revenue from operations increased 16% year-on-year to Rs 4,352 crore. The drop in profit was attributed to higher exceptional items and lower returns from joint ventures and associates.
Q1 results today: Maruti, M&M among 115 companies to announce earnings on Wednesday
Q1 results today: In the first quarter earnings season, 115 companies announced results, including Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, and Bank of Baroda. M&M and Maruti expected mixed revenue and profit changes, while Tata Steel's profit was predicted to rise notably amid a revenue drop. Several others also reported their quarterly performance.
Tata Consumer Q1 Results: Cons PAT falls 8% YoY to Rs 290 crore; misses estimates
Revenue from operations in the reporting period rose 16% year-on-year to Rs 4,352 crore as against Rs 3,741 crore in the previous year period. The decline in profit was due to higher exceptional items and a reduced share of profits from associates and joint ventures. During the quarter, the India Beverages business saw a 6% increase in revenue (1% organic growth), despite being affected by an intense summer. In contrast, coffee maintained a strong performance, with a 28% revenue growth for the quarter.
Tata Consumer Q1 Preview: Revenue may grow 13% YoY; margins to expand
Tata Consumer Products saw a significant revenue boost in the first quarter, fueled by solid growth in the India foods segment and moderate performance in beverages. Profit estimates from analysts were mixed. Improved EBITDA margins are anticipated, while tea and coffee prices remain key factors. Various segments experienced mixed growth trends amid cost challenges.
SBI Life shares climb 3% to 52-week high after Q1 results. Should you invest?
SBI Life reported a 36% increase in Q1 net profit to Rs 520 crore, leading to shares reaching a 52-week high. Analysts recommend buying the stock due to the company's growth and strategic advantages. Read the full article for details.
Tata Tech shares fall 2% after Q1 results fail to impress. Should you still invest?
Tata Technologies' shares fell 2% after reporting a 15% YoY drop in net profit to Rs 162.03 crore, affected by higher technology expenses. Revenue rose 0.9% YoY to Rs 1,269 crore. With VinFast exit, Kotak advised Sell while JM Financial recommended Buy, forecasting growth through BMW JV, 5 deal wins, resilient margins, education business, and resumed projects.
Load More
