ZENITH FIBRES LTD Q3 RESULTS
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.
Grasim Q1 Results: Firm reports Rs 52 cr standalone loss versus Rs 355 cr yr-ago profit
Grasim experienced a Rs 52.12 crore standalone loss in the June 2024 quarter, falling from a Rs 355 crore profit a year ago. Revenue grew 11% YoY to Rs 6,894 crore, driven by its diversified businesses. However, the chemicals segment saw a revenue decrease. Grasim shares were up 1.17% to Rs 2,574.45 on NSE.
Sterlite Tech Q4 Results: Co posts Rs 82 crore loss vs profit of Rs 63 crore a year ago
Broadband technology company Sterlite Technologies on Wednesday reported a consolidated loss of Rs 82 crore for the fourth quarter ended March 2024, mainly due to a dip in optical networking business. The company had posted a profit of Rs 63 crore a year ago.
Godrej Properties Q4 Results: Net profit rises 14% YoY to Rs 471 crore; revenue falls 13%
Godrej Properties Q4 Results: Godrej Properties' Q4 net profit rose 14% YoY to Rs 471 crore. Revenue fell 13%. Co recorded the highest quarterly sales at Rs 9,519 crore. Godrej Zenith, Gurugram achieved Rs 3,008 crore booking value.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
Reliance net debt continues to rise from YoY perspective despite capex declining sharply QoQ: Probal Sen
Reliance Q3 numbers were fairly strong with performance in several segments offsetting weakness in the gas exploration and O2C segments. Net debt continues to rise despite declining capex. Retail showed a 23% YoY growth in revenue and a 30% improvement in EBITDA, but return ratios remain below 10% due to increased capital allocation. Optimism remains for Jio's ARPUs with traction expected from enterprise and fiber to home business, 5G investments, and tariff monetization. Stock price outlook is neutral with a fair price of Rs 2600-2700.
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Deven Choksey on importance of temple economy and what to expect from Reliance in Q3
Deven Choksey expects strong quarterly results from Reliance due to lower crude oil prices benefiting their refining and petrochemical businesses, as well as growth in Jio Platforms and Reliance Retail. He believes Bandhan Bank is vulnerable to challenges in the eastern belt of India and may face pressure due to competition from larger banks. He also discusses the importance of spiritual tourism in reviving the economy of places like Ayodhya and suggests that companies catering to this sector may have better opportunities.
Airtel trumps Jio in the race to grab postpaid customers in Q1
Airtel added 0.8 million postpaid users in the June quarter. While Jio does not disclose its postpaid subscriber base, it has said that a bulk of new Jio Fiber (Jio fibre-to-the-home business) users were on postpaid plans. As per the sector regulator's May end data, Jio added 0.59 million wired broadband users over April and May to take its total use base to around 9 million.
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Grasim Q4 Results: Net profit plunges 89% YoY to Rs 94 crore; revenue rises 4%
Grasim, a leading Indian manufacturing company, has reported an 88.5% YoY drop in its Q4 profit at Rs 93.51 crore. The revenue from operations grew 4.2% to Rs 6,645.83 crore. The company has also announced a dividend of Rs 10 for FY23.
This smallcap cement stock climbs 5% after board approves stock split
In Q3FY23, Visaka Industries reported an 86% decline in its net profit to Rs 3.71 crore as against Rs 24.03 crore during the previous quarter ended in December 2021. Its sales stood at Rs 354.76 crore in the quarter that ended December 2022 as against Rs 353.82 crore during the previous quarter that ended December 2021
Himadri Speciality Chemical Q3 Results: Net profit more than doubles YoY to Rs 65 crore
Global LIB demand is going to grow from a current level of 800 GWh to 6,000 GWh by 2030 at a CAGR of 31 per cent. After China, India has become the second most attractive market for manufacturing which will also witness significant growth in this sunrise sector.
FII vs DII on Dalal Street: Desi investor holding touches another all-time high
The FII to DII ownership ratio also declined to an all-time low of 1.32 as on December 31, 2022, down marginally from 1.33 as on September 30, 2022. Over a 13-year period (since June 2009), FII share has increased from 16.02 per cent to 20.18 per cent while DII share has increased from 11.38 per cent to 15.32 per cent," PRIME Database said
Grasim Q1 Results: Profit jumps 68% YoY to Rs 809 crore; revenue surges 93%
Segment-wise, Grasim's viscose (fibre and yarn) business generated a revenue of Rs 4,299.88 crore in Q1 as against Rs 2,102.76 crore in the corresponding quarter of the last financial year. Revenue in the chemicals unit also improved to Rs 2,733.3 crore from Rs 1,436.48 crore in the year-ago period.
Grasim Q3 net improves 26% to Rs 1,746 crore as chemicals business shows strong margins
The company reported a consolidated profit of Rs 1,746 crore attributable to owners, up 26% year-on-year.
Jio Platforms Q3 net profit up 9% on year to Rs 3,795 crore; telecom user base falls again
But the company lost mobile phone subscribers for the second time like the previous quarter. For the fiscal third quarter, JPL’s consolidated net profit stood at Rs3,795 crore compared with Rs 3,728 crore at September end, the company said in a release on Friday.
Sterlite Tech Q3 Results: Company posts Rs 137 cr loss
Sterlite Technologies managing director Ankit Agarwal said that the company's underlying business continues to maintain healthy momentum.
Grasim Industries clocks a net profit of Rs 2,032 crore in Q2 FY22
Grasim’s consolidated revenue for Q2FY22 was up 26 per cent at Rs 22,564 crore. EBITDA was up 19 per cent at Rs 4,282 crore.
SF Holdings Q2 results: Co report 193.3% jump in standalone net profit
The city-based demerged investment arm of the non-banking finance company Sundaram Finance Ltd, reported standalone net at Rs 3.78 crore during corresponding quarter of previous year.
Jio Platforms Q1 results: Net profit rises 45% YoY to Rs 3,651 cr; Arpu flat at Rs 138.4
For the fiscal first quarter, JPL’s consolidated net profit stood at Rs 3,651 crore compared with Rs 3510 crore at March-end, and Rs 2,519 crore a year ago, the company said in a release on Friday.
HFCL Q4 results: Posts net profit of Rs 86.50 crore; company firms up 5G plans
Delhi-based company posted a net profit of Rs 86.47-crore for the quarter ended March 31, 2021, a 1.6% increase over the previous quarter's Rs 85.11 crores. HFCL's total income stood at Rs 1,391.40-crore in Q4, 2020-21 over Rs 1,277.40-crore in Q3 FY 2020-21.
Probal Sen on what to expect from Reliance in Q3
Petchem margins probably would be 12-13% higher Q-o-Q. Jio probably is more of a steady state story with 6-7 million subscribers.
Sterlite Tech Q3 results: Net profit jumps 65% to Rs 87 crore
Its consolidated revenue during October-December 2020 grew 9.2 per cent to Rs 1,314.44 crore, compared with Rs 1,202 crore in the year-ago period.
HFCL Q3 results: Net profit jumps 87% to Rs 85 cr; firm says biz outlook optimistic
The net profit in the corresponding period previous year stood at Rs 45.58 crore, according to a regulatory filing.
Cognizant Q3 results: Net profit falls 30% YoY to $348 million
Financial services and products and services saw decline in revenue, but the healthcare segment grew during the quarter.
Garware Technical Fibres Q1 results: PAT down 3% at Rs 18 cr
Net sales of the company during the quarter under review declined to Rs 152.4 crore as compared to Rs 232.3 crore in the year-ago period.
Garware Technical Fibres Q4 results: Net profit down 2.5% at Rs 36 crore
The company had posted a net profit of Rs 37 crore in the fourth quarter of 2018-19.
Grasim Q3 results preview: Profit may fall sharply; margin seen in single digit
Motilal Oswal Securities expects the firm to report a 43% YoY fall in profit at Rs 346.50 crore.
Sterlite Technologies Q3 profit plunges 38% to Rs 91 crore
The company's exceptional items stood at Rs 51 crore in the third quarter of 2019-20.
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