GOYAL ASSOCIATES LTD Q4 RESULTS
MPC should pay more heed to core inflation, says Ashima Goyal
Ashima Goyal, a member of the Monetary Policy Committee (MPC), emphasized the need to focus more on core inflation due to its significant impact on household inflation expectations. Goyal's term on the MPC will end in early October. Additionally, she suggested that the MPC should expand its role to include providing guidance on liquidity conditions in the banking system.
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.
Bandhan Bank, GRSC among 16 stocks to trade ex-dividend on Tuesday. Last date to buy today
Dividends are paid to shareholders who are listed in the company's records on the record date. Shareholders who buy the stock at least one day before the ex-date qualify for dividends, as the transaction settles the following day. However, those who purchase the stock on the ex-date are not eligible for dividends.
HUL, Lux Industries shares gain despite market crash
Glenmark Life Sciences, Hindustan Unilever, and Lux Industries saw their shares rise as Nifty and Sensex dropped over 3% on Monday. Glenmark soared 6.3%, Lux Industries increased 5.5%, and other stocks like Marico and Britannia posted gains. Market volatility persists amid global economic concerns and geopolitical tensions.
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%
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.
Retailers including Shoppers Stop, Lifestyle and VMart bet on a flurry of wedding days in second half of this fiscal
There will be about 47 auspicious wedding dates in the second half, three times more than 14 in the first half, they reason. “We are looking at a very strong festive campaign, and weddings will be very, very big as we have somewhere around 50-odd (auspicious) days,” Kavindra Mishra, managing director of Shoppers Stop, said during its first quarter earnings call on Friday. “We believe we have got the right kind of merchandise to be a wedding destination,” he said.
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.
TCS faces a muted Q1, trend in project ramping holds the key for Q2 show
The country's largest software exporter is likely to report 1.4% sequential increase in the revenue at $7,466.1 million, according to the average of estimates by ETIG and nine brokerages.
IFB Industries Q4 Results: Profit at Rs 12 crore
IFB Industries Ltd has reported a consolidated net profit of Rs 12 crore for the fourth quarter ended March 31, 2024, helped by performance from engineering business and home appliances. The company had posted a net loss of Rs 9.94 crore for the year-ago period, according to a regulatory filing on Tuesday.
Visa fee hike hits IT cos; Airport cab fares set to rise
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in today’s ETtech Morning Dispatch.
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.
Paytm shares rally 5% despite widening net loss in Q4
Despite widened net loss and a revenue drop in Q4, Paytm's shares closed near a 5% upper circuit. Impact of disruptions from UPI transition and Paytm Payments Bank embargo cited. Impairment provision of Rs 227 crore for investment in PPBL recorded.
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.
Zomato Q4 earnings; Blinkit edges closer to profitability
Food delivery major Zomato reported a lower-than-expected quarterly profit of Rs 175 crore on Monday. Details on this and more in today’s ETtech Top 5.
Blinkit turns adjusted EBITDA positive in March as co aggressively bets on store expansion
The company highlighted that one of the key vectors for growth for the business will come through the store expansion. In the fourth quarter, it added 75 net new stores taking the total store count to 526.
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
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore
The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
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 reports dip in Q4 hiring, full-year attrition cools to 12.5%
For TCS, the headcount decreased by 1,759 since the last quarter, ending the fiscal year at a headcount of 601,546. In the third quarter, TCS had reported a sequential headcount dip of 5,680.
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).
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.
Tesla sees slower 2024 volume growth as earnings miss estimates
Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company's earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes.
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.
Dalmia Bharat Q4 Results: Profit more than doubles to Rs 589 crore on low fuel costs
Analysts at Bob Capital Markets had noted that the cost of key fuel in cement making - imported coke and coal - had softened at the end of the third quarter of fiscal 2023, continuing into the fourth quarter.
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