G G DANDEKAR PROPERTIES LTD Q1 RESULTS
![HDFC Bank, ICICI Bank, SBI among 12 ‘buy’ ideas from brokerages post Q1 results](https://img.etimg.com/thumb/msid-112732090,width-100,height-75,resizemode-4/markets/stocks/news/hdfc-bank-icici-bank-sbi-among-12-buy-ideas-from-brokerages-post-q1-results.jpg)
HDFC Bank, ICICI Bank, SBI among 12 ‘buy’ ideas from brokerages post Q1 results
While the banking sector saw moderate Q1 earnings with most banks contracting margins and higher credit costs, brokerages remain optimistic. HDFC Bank, ICICI Bank, and SBI are top recommended stocks, despite a lagging performance. Axis Bank, Bank of Baroda, and Indian Bank show greater potential upside.
![Vodafone Idea shares rally over 3% after narrowing Q1 losses. Should you invest?](https://img.etimg.com/thumb/msid-112516304,width-100,height-75,resizemode-4/markets/stocks/news/vodafone-idea-shares-rally-over-3-after-narrowing-q1-losses-should-you-invest.jpg)
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.
![Vi's loss shrinks to Rs 6,432 crore in Q1FY25; subs churn continues](https://img.etimg.com/thumb/msid-112473956,width-100,height-75,resizemode-4/markets/stocks/earnings/vis-loss-shrinks-to-rs-6432-crore-in-q1fy25-subs-churn-continues.jpg)
Vi's loss shrinks to Rs 6,432 crore in Q1FY25; subs churn continues
Vodafone Idea reduced its net loss to Rs 6434.4 crore in Q1 FY25 from Rs 7675 crore in the prior quarter. Operating costs remained stable, but the company continued to lose customers. Revenue dipped slightly, and the subscriber base decreased. However, the 4G subscriber count saw a minimal increase.
![Vodafone Idea Q1 Results: Losses narrow to Rs 6,432 crore; revenue down marginally](https://img.etimg.com/thumb/msid-112471932,width-100,height-75,resizemode-4/markets/stocks/earnings/vodafone-idea-q1-results-losses-narrow-to-rs-6432-crore-revenue-down-marginally.jpg)
Vodafone Idea Q1 Results: Losses narrow to Rs 6,432 crore; revenue down marginally
Vodafone Idea has narrowed its losses to Rs 6,432 crore for the first quarter ended June 2024, compared with Rs 7675 crore reported in the preceding March 2024 quarter and Rs 7840 crore in the last year quarter.
![ABB India Q2 Results: Profit jumps 50% YoY to Rs 443 crore](https://img.etimg.com/thumb/msid-112381547,width-100,height-75,resizemode-4/markets/stocks/earnings/abb-india-q2-results-profit-jumps-50-yoy-to-rs-443-crore.jpg)
ABB India Q2 Results: Profit jumps 50% YoY to Rs 443 crore
The company's cash position continues to remain healthy at Rs 4,872 crore at the end of Q2 and H1 CY2024. The sequential lower cash balance was due to the final dividend payout for CY2023," the company statement said
![Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificate](https://img.etimg.com/thumb/msid-112290303,width-100,height-75,resizemode-4/wealth/tax/budget-2024-proposed-10-tds-on-government-bonds-you-can-still-pay-lower-or-zero-tds-with-this-certificate.jpg)
Budget 2024 proposed 10% TDS on government bonds: You can still pay lower or zero TDS with this certificate
TDS on government bonds: Budget 2024 imposed a TDS on interest income earned from government bonds. Atul Puri, SW India says, "In a case where TDS is required to be deducted & AO is satisfied that the total income of the recipient justifies deduction of tax at a lower rate or no deduction of tax, the AO shall, on an application made by the Assessee, give him/her such certificate as may be appropriate for lower or Nil deduction of tax."
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Airtel beats street view, Q1 net surges 158%
Bharti Airtel reported a significant increase in its consolidated net profit for Q1 FY25, rising more than 150% year-over-year and doubling sequentially, driven by exceptional gains, improved average revenue per user (ARPU), and reduced finance costs. The telecom giant posted a net profit of ₹4,159.9 crore, exceeding analyst estimates.
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
Airtel’s ARPU for Q1 FY25 increases to Rs 211 as against Rs 200 in Q1 FY24
Bharti Airtel's average revenue per user (ARPU) rose to Rs 211 in Q1 FY25, up from Rs 200 the previous year. The company saw its consolidated profit more than double to Rs 4,160 crore, driven by increased demand for high-margin 4G and 5G services. Consolidated revenue grew by 2.8% to Rs 38,506.4 crore, with Indian revenue up 10.1% to Rs 29,046 crore.
Bharti Airtel Q1 Preview: Revenue may grow by 3% YoY to Rs 38,488 crore, outlook positive
Bharti Airtel is expected to report a revenue of Rs 38,488 crore for Q1 FY24, marking a 2.6% YoY increase. Net profit estimates range from Rs 2,068 crore to Rs 3,922 crore. Axis Securities has the highest revenue estimate at Rs 38,996 crore, and Prabhudas Lilladher forecasts a decline in adjusted PAT.
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India smartphone market clocks highest ever revenue for Q2
India's smartphone market achieved record Q2 revenues of $10 billion, driven by premiumization despite a 2% decline in shipments. Vivo surpassed Apple in value terms, while Samsung led the market. Analysts predict significant growth with the introduction of sub-$99 5G phones by the end of 2024.
Indus Towers Q1 Results: Net profit up 43%, to buy back shares worth Rs 2,640 cr
Indus Towers reported a 43% rise in net profit to Rs 1,926 crore for its fiscal first quarter, mainly due to tower additions from Bharti Airtel’s 5G rollout and overdue collections from Vodafone Idea. Quarterly revenue increased 4.3% to Rs 7,383 crore. The company also approved a share buyback program worth Rs 2,640 crore.
Suzlon shares zoom 23% since Q1 results. Still time to ride the rally?
Suzlon Energy's shares hit a new high following a 23% rally spurred by impressive Q1 results, including a 200% year-on-year profit gain and a 50% revenue increase. Brokerage firms have raised target prices, highlighting the company's strong order book and improved financial health.
Vodafone Idea offers to clear remaining Nokia dues of Rs 1,500 crore
Vodafone Idea plans to settle its remaining ₹1,500 crore dues to Nokia by December 2025 through cash installments. Earlier, Vi issued equity shares to Nokia to clear half of its ₹3,000 crore debt. Despite payment delays, Vi is negotiating with Nokia, Ericsson, and Samsung for network equipment.
Dr Reddy's Q1 Preview: PAT may fall 4% YoY on pricing pressure, subdued US sales
In the preceding March quarter, Dr Reddy's reported a consolidated net profit growth of 36% year-on-year to Rs 1,307 crore, while revenue from operations rose 12% year-on-year to Rs 7,083 crore.
Cipla Q1 results preview: PAT may grow 6.5-14% YoY, up to 10% growth seen in revenue
Cipla reported Q1FY25 net profit expected between Rs 1,061-1,135 crore, with YoY growth of 6.5%-14%. Revenue estimated at Rs 6,749-6,879 crore, up 7%-10% YoY. Analysts from Kotak, Axis, JM Financial, and InCred provide diverse profit and revenue expectations based on domestic sales, US contributions, and acquisitions.
Tech Mahindra Q1 Results Preview: Revenue may fall 2% YoY on seasonal impact; deal wins to be muted
According to an average estimate from four brokerages, revenue for the reporting period is expected to decline by 1.6% year-on-year. However, sequential revenue growth is projected to be between 0.3% and 0.9%. Meanwhile, the reported net profit for the April-June 2024 period is anticipated to increase by 24% year-on-year, based on the same average estimate from the brokerages.
After recent tariff hike, Jio ARPU to get boost: Analysts
Reliance Jio’s robust net profit growth in Q1 FY25 was attributed to lower depreciation and amortization costs and reduced network expenses due to moderated 5G capital expenditures. Analysts expect Jio's recent tariff hikes to significantly boost ARPU in upcoming quarters, with estimates projecting ARPU growth to Rs 201/224/259 by FY25/26/27. Despite concerns over rising selling and distribution costs, Jio’s EBITDA margins improved, driven by efficient cost management and tariff increases. Jio's 5G expansion and new pricing strategies are expected to further enhance revenue and profitability.
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.
Reliance Jio Q1 Results: PAT jumps 12% YoY to Rs 5,445 crore, revenue rises 10%
Reliance Jio Q1 Results: The Reliance Industries' telecom subsidiary reported revenue from operations at Rs 26,478 crore, an increase of 10% from Rs 24,042 crore reported in the corresponding period of the previous financial year. The standalone revenue was up 2% on a quarter-on-quarter basis from Rs 25,959 crore reported in the January-March quarter.
Nokia April-June sales drop after record 2023, pins hope on Vi deal
Nokia and Ericsson have reported a 68% YoY fall in India net sales in Q2, 2024, with Reliance Jio and Bharti Airtel cutting down on network capex spends after completing their pan-India 5G rollouts. To revive their sales in India and support global growth, the companies will need to rely on fresh 4G and 5G gear supply deals with Vodafone Idea.
Infosys Q1 earnings; payment cos seek UPI sops
IT major Infosys logged a rise in profits for the first quarter of FY25. This and more on today’s ETtech Top 5.
HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?
HCL Technologies reports a 20% YoY growth in net profit, reaching Rs 4,257 crore for the quarter ended June 2024. Brokerages maintain positive views on the stock with target prices ranging from Rs 1,720 to Rs 1,850.
Construction companies likely to report subdued growth in Q1 amid lower awarding of projects, slow execution
The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte
Godrej Properties buys TDR certificates for Gurugram project
Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq ft of construction, potentially generating Rs 900 crore in revenue. TDRs, obtained from Haryana government for land acquisition, were sold with a floor area ratio (FAR) of 2. This strategic move is expected to catalyze similar transactions in Gurgaon, following the company's significant sales growth in FY24 and upcoming projects in prime sectors.
Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146
Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.
Bharti Hexacom Q4 Results: Net profit rises 10% YoY to Rs 222.6 crore
Bharti Hexacom, a subsidiary of Bharti Airtel, reported a 10% on-year rise in net profit in the fiscal fourth quarter to Rs 222.6 crore, on the back of strong mobile broadband user additions and average revenue per user (ARPU) growth.
Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base
In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases to Rs 4,226 crore. Additionally, the revenue from operations for the quarter amounted to Rs 36,009 crore.
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