SPANDANA SPHOORTY FINANCIAL LTD Q1 RESULTS
FirstCry Q1 results: Cons loss narrows YoY to Rs 57 crore, revenue jumps 17%
Brainbees Solutions, owner of FirstCry, reported a narrower net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore a year ago. Revenue rose 17% to Rs 1,652 crore, while EBITDA saw a significant 106% increase. Annual unique transacting customers grew by 15%, and the company expanded its offline presence.
Unicommerce Esolutions Q1 results: PAT jumps 31% YoY to Rs 3.5 crore, revenue up 9%
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 30, 2024, which was up by 31% from Rs 2.7 crore reported by the company in the year ago period.
India's GDP hits 15-month low of 6.7% in Q1FY25
India's gross domestic product grew at 6.7 per cent for Q1FY25. Experts were anticipating moderate growth for this quarter, attributing their expectations to the general elections of 2024, a slump in urban consumption and a previously-sluggish rural growth. The Reserve Bank of India had in August projected India's GDP to grow at 7.1 per cent for the first quarter of fiscal year 2024-25.
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.
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Ola Electric Q1 Results: Cons loss widens to Rs 347 crore YoY, revenue jumps 32%
Ola Electric Q1 Results: The EV two-wheeler maker had reported a net loss of Rs 267 crore in the last-year period. Revenue grew 32.3% to Rs 1,644 crore. The loss, however, narrowed compared to the previous quarter's Rs 416 crore. The company faced a 27% year-over-year increase in total expenses.
Veranda Learning Solutions achieves stellar Q1FY25 growth, revenue surges 70%, EBITDA jumps fivefold
Veranda Learning Solutions reported strong Q1FY25 financial results, with operating revenue up 72.69% to Rs 118.99 crores and EBITDA increasing by 400% to Rs 27.61 crores. The company trained 113,262 students and attributed its success to strategic partnerships with Cambridge, Pearson, and KSDC. The company aims for Rs 600 crores in revenue for FY25.
FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?
FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.
Oil and gas spoil India Inc show in June Quarter
In the June 2024 quarter, India's industry saw modest growth with a 9.4% net profit increase, mainly due to lower refining and marketing margins in the oil and gas sector. Banking and finance sectors performed well with significant revenue growth. The overall operating margin declined to 17.4%. Future growth hinges on rural demand revival post-monsoon.
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.
Mazagon Dock Q1 Results: PAT skyrockets 121% YoY to Rs 696 crore, revenue rises 8.5%
Mazagon Dock Q1 Results: Revenue for the period was reported at Rs 2,357 crore. EBITDA saw a 273.5% jump. Shares rose 3%, driven by robust financial performance, with notable growth over the past year. The company's total income rose to Rs 2,628 crore, up from Rs 2405.42 crore in the corresponding period of the last year.
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.
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%.
Q1 results today: Hindalco, Nykaa among 660 companies to announce earnings on Tuesday
Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results
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.
Nykaa Q1 Preview: PAT seen growing multifold; BPC, fashion to drive revenues
Nykaa Q1 Result Preview: FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.
Q1 results today: IRFC, Vodafone Idea among 528 companies to announce earnings on Monday
As the first quarter earnings season nears its end, 528 companies are set to release their results on Monday. Key reports include IRFC, Vodafone Idea, and NMDC. Vodafone Idea is expected to report flat revenue and losses between Rs 7,489-8,100 crore. EBITDA is forecasted to see a slight year-on-year rise despite challenges.
Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects
Vodafone Idea is expected to report a flat revenue for the quarter that ended June 30 owing to losses in the subscriber base coupled with a flattish Average Revenue Per User (ARPU) according to estimates by four brokerages.
Maruti Suzuki shares climb 4% to hit 52-week high on strong Q1 performance. Should you buy, sell or hold?
Maruti Suzuki Shares Price: Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.
Spandana Sphoorty Financial stops adding new-to-credit customers
Microfinance company Spandana Sphoorty Financial has halted acquiring new-to-credit customers and stopped onboarding new clients in 14% of its branches due to increased delinquencies and asset quality concerns.
Spandana Sphoorty Financial Q1 results: Net profit falls 53% yoy to Rs 55.7 crore
“The first quarter of the fiscal was a challenging one for the company. The long drawn seven phase general elections, severe heat wave across the country and higher attrition in select geographies posed a challenge to the quality of the portfolio," managing director Shalabh Saxena said.
Q1 results today: ICICI Bank, Dr Reddy's among 34 companies to announce earnings on Saturday
Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.
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.
M&M Financial Q1 Results: Standalone PAT jumps 45% YoY to Rs 513 crore, NII up 15%
M&M Financial Q1 Results: The company saw a 20% increase in total income, reaching Rs 3,760 crore. Standalone pre-provisioning operating profit (PPOP) also rose by 13%, reaching Rs 1,135 crore. The company has successfully reduced credit costs by 15% in the April-June quarter, lowering them to Rs 448 crore. Credit costs as a percentage of average total assets also improved, falling from 2.1% to 1.5%.
Jio Financial Services Q1 Results: Cons PAT falls 6% YoY to Rs 313 crore, revenue up 1%
Jio Financial Services Q1 Results: In the most recent quarter, the company's total revenue from operations saw a slight increase to Rs 418 crore compared to the same period last year. However, standalone PAT decreased to Rs 72 crore from Rs 78 crore in the previous quarter and Rs 145 crore in the same quarter last year. Standalone revenue from operations also decreased to Rs 134 crore from Rs 141 crore in the previous quarter and Rs 215 crore in the same quarter last year.
Jio Financial Services Q1 Results: Net profit falls 6% YoY to Rs 313 crore
Interest income fell 20% to Rs 162 crore in June 2024 from Rs 202 crore a year ago while expenses increased to Rs 79 crore from Rs 54 crore a year ago, mainly as staff expenses increased more than three time to Rs 39 crore in June 2024.
Jio Financial Services Q1 results today: Shares climb ahead of announcement
Jio Financial Q1 Results: Jio Financial Services shares rose 2% to Rs 355 on the BSE before Q1 FY25 results and RBI's CIC conversion approval. Q4 FY24 net profit was Rs 311 crore, revenue Rs 418 crore. FY24 net profit hit Rs 1,604 crore. Application to RBI in November 2023 after demerging from Reliance Industries Limited, RSI currently at 46.8 per Trendlyne data.
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