GOYAL ASSOCIATES LTD Q3 RESULTS
![Ola Electric stock surge; Piyush Goyal slams ecomm growth](https://img.etimg.com/thumb/msid-112685754,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/ola-electric-stock-zooms-ecommerce-growth-worries-piyush-goyal.jpg)
Ola Electric stock surge; Piyush Goyal slams ecomm growth
Ola Electric's share price has nearly doubled in two weeks since listing. More on this in today’s ETtech Top 5.
![Trent Q1 Results: Profit zooms 131% YoY to Rs 342 crore, revenue soars 57%](https://img.etimg.com/thumb/msid-112396720,width-100,height-75,resizemode-4/markets/stocks/earnings/trent-q1-results-profit-zooms-131-yoy-to-rs-342-crore-revenue-soars-57.jpg)
Trent Q1 Results: Profit zooms 131% YoY to Rs 342 crore, revenue soars 57%
Trent's net profit surged by 131% YoY to Rs 342 crore for Q1 ended June 2024, with revenue from operations rising 57% YoY to Rs 3,992 crore. The company expanded to 178 cities, with emerging categories now contributing over 20% to revenues. Trent shares increased 8.7% post-results announcement.
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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.
![TCPL Q1 Results: Net profit drops 14% YoY to Rs 289.25 cr, revenue up 16%](https://img.etimg.com/thumb/msid-112142762,width-100,height-75,resizemode-4/markets/stocks/earnings/tcpl-q1-results-net-profit-drops-14-yoy-to-rs-289-25-cr-revenue-up-16.jpg)
TCPL Q1 Results: Net profit drops 14% YoY to Rs 289.25 cr, revenue up 16%
Tata Consumer Products Ltd (TCPL) on Tuesday reported a 14.34 per cent decline in consolidated net profit to Rs 289.25 crore in the first quarter ended in June 2024 on account of exceptional items and lower share of profits from its associates and joint ventures. The company had posted a consolidated net profit of Rs 337.71 crore in the April-June quarter a year ago, according to a regulatory filing from TCPL.
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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.
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India is most favoured nation for investment, with growth safety and stable currency: Piyush Goyal
Union Minister for Commerce and Industry Piyush Goyal encouraged the Indian business community to invest in India. He emphasised the country's history of never defaulting and its immense growth potential, with NRI deposits seeing a $3 billion inflow in just two months. Goyal highlighted the strong India-US relations, opportunities for collaboration in areas like semiconductors and responsible AI. He also spoke about the government's significant allocation of over Rs 10,300 crore for the IndiaAI Mission to boost the country's AI ecosystem and overall economic growth.
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A Swiss company cheered up Kotak Mahindra Bank amid RBI's glare
Kotak Mahindra Bank's Q1 FY25 profit surged nearly 80% due to Zurich Insurance's acquisition of a 70% stake in Kotak General Insurance. The deal, completed in June 2024 for Rs 4,095.8 crore, added Rs 3,013 crore to the bank's consolidated profit. Kotak now holds a 30% stake in the insurance venture.
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.
Paytm shares drop 3% after Q4 results. Should You buy or sell?
Paytm's Q4 results show widened losses and reduced revenue, impacted by disruptions and regulatory actions. Analysts vary: Bernstein sees signs of recovery, Macquarie remains cautious, Motilal Oswal maintains a neutral stance, while JM Financial advises selling.
Tesla Europe sales lowest in 15 months
Tesla Inc had a slow start to the second quarter in Europe, with CEO Elon Musk expecting better results. The carmaker registered 13,951 vehicles in April, down 2.3% from last year, its lowest since January 2023.
Lok Sabha Elections 2024 Phase 5: From Rahul Gandhi to Smriti Irani and Piyush Goyal, here are top candidates and constituencies
India's Phase 5 Lok Sabha elections feature key contests with Rahul Gandhi, Smriti Irani and several Union Ministers and party chiefs in the race. Encompassing 49 seats spread across 6 states and two Union Territories (UT), the upcoming elections will see a diverse array of constituencies. Uttar Pradesh leads with 14 seats, followed by Maharashtra with 13, West Bengal with 7, Bihar with 5, Jharkhand with 3, Odisha with 5, and one each from Jammu and Kashmir and Ladakh.
Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%
Varun Beverages Q1 Results: Co reported a consolidated net profit of Rs 548 crore, rising 5% year-on-year (YoY) for the quarter ended March 31, 2024; revenue from ops stood at Rs 4,398 crore
Jio Financial Services shares slump 3% ahead of Q4 results today
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.
TCS Q4 show trumps D-Street expectations: 5 takeaways from the earnings
TCS Q4 Results: The company's order book for FY24 was at an all-time high of $42.7 billion and record $13.2 billion in the March quarter, led by the mega deal with Aviva and others in the emerging markets vertical.
TCS Q4 Results: Profit rises 9% YoY to Rs 12,434 crore, beats estimates
TCS Q4 Results: Revenue from operations increased by a marginal 3.5% year-on-year (YoY) to Rs 61,237 crore. On a sequential basis, profit after tax jumped 12%, compared with Rs 11,058 crore clocked in the preceding December quarter. Revenues were up 1% quarter-on-quarter (QoQ).
Sun TV Network Q3 Results: Cons PAT rises 7% YoY to Rs 454 crore
The broadcaster owns 35 TV channels in six languages and an OTT platform Sun NXT, besides FM radio stations across India. It also owns two cricket franchises Sun Risers Hyderabad and Sun Risers Eastern Cape in Indian Premier League and SA 20, respectively.
ZEEL Q3 Results: Profit more than doubles to Rs 59 crore; revenue falls 3% YoY
ZEEL Q3 Results: Revenue during the December quarter fell 3% YoY to Rs 2,045 crore. The company reported a 43% decline in Q3 EBITDA at Rs 209 crore compared to Rs 366 crore in the same quarter last year.
Zomato steps up restaurant signups as slowdown bites
In Zomato’s quarterly shareholder letter, food-delivery CEO Rakesh Ranjan noted that the demand environment was muted in the December quarter for the broader restaurant industry. “Hence, food delivery GOV growth (at 6.3% QoQ /27% YoY) was lower than our expectations but still higher than some of the other players in the restaurant industry space,” he said.
Maruti Suzuki shares gain 3%. Should you buy post Q3 results?
India's largest passenger carmaker on Wednesday reported over 33% jump in its consolidated net profit for the quarter ended December 2023 at Rs 3,206.8 crore vs Rs 2,406.1 crore reported in the year-ago period. Revenue for the quarter came in at Rs 33,512.8 crore vs Rs 29,251.1 crore a year ago, registering a 14.5% YoY growth.
PNB raises profit guidance to Rs 7,000 cr for FY24
Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.
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
Our only concern is CASA is not growing the way the other deposits are going up: K Satyanarayana Raju, Canara Bank
Canara Bank MD & CEO says: “We are focussed on the credit cost by reducing the slippages and maintaining the quality of the recoveries. All these things are helping us to maintain NIM at just above 3%. But the next quarter again, our NIM will be between 2.9% and 3%, but our efforts will continue to be nearer to that 3%.”
Tata Steel Q3 Results: Co back to profit as India ops remain robust
The steelmaker’s consolidated net profit stood at Rs 522 crore in Oct-Dec as against a loss both in the year-ago period and a quarter ago. Consolidated sales for the quarter were down 3% on year at Rs 55,312 crore. Tata Steel’s consolidated earnings before interest, tax, depreciation and amortization jumped more than 50% on year to 6,334 crore rupees even as deliveries remained flat. The operating profit was higher on a sequential basis as well.
Axis Bank, Bajaj Auto Q3 earnings among 10 factors to drive D-Street in holiday-shortened week
"Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persstent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said.
UltraTech Cement's Q3 earnings meet Street's estimates. Should you buy stock?
Ultratech Cement's stock fell over 1% to Rs 9,906 despite highest-ever net profit in Q4. BofA recommends buying at Rs 10,000 target, Nuvama suggests hold at Rs 9,121 target, and Sharekhan suggests buys at Rs 11,300 target. Q4 profit of Rs 1,777 crore is 68% higher YoY, while revenue rose 8% YoY to Rs 16,740 crore.
Jio Financial Services Q3 Results: Consolidated PAT slumps 56% QoQ to Rs 294 crore, revenue drops 32%
Jio Financial Q3 Results: The company's consolidated revenue from operations fell nearly 32% to Rs 413.61 crore. For the nine months ended December 2023, the Mukesh Ambani-led company reported a profit of Rs 1,294 crore and a revenue of Rs 1,436 crore. The total tax outgo for the quarter was Rs 88 crore against Rs 86.3 crore in the preceding quarter.
Jio Financial Services Q3 Results: Profit up on interest income, accounting gains
Reliance Industries' financial services arm Jio Financial Services said its profit increased eigtht times to Rs 70 crore in the quarter ended December 2023 from Rs 8 crore in the previous year due to higher interest income and due to gains on fair value changes.
GTPL Hathway's Q3 net down 37%
GTPL Hathway's net profit for Q3FY24 declined 37% to Rs 24 crore. Operating profit remained flat at Rs 131 crore. Total revenue rose 22% to Rs 861 crore due to an increase in active cable TV subscribers. Total expenditure went up 27% to Rs 730 crore, mainly due to a rise in pay channel costs. Cable subscription and activation revenues surged, while broadband revenue expanded by 9%. GTPL Hathway plans to invest Rs 450-500 crore annually in capex for cable TV and broadband businesses.
HCL Tech shares surge over 3% ahead of Q3 results this week. What brokerages expect
We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business.
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