HFCL LTD Q3 RESULTS
Big IT expects growth momentum to continue in September quarter
India’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be better than the first quarter on the back of deal revival and an improvement in business sentiment in North America.
NTPC shares rise after subsidiary signs MoU with Rajasthan govt for 25-GW renewable energy projects
NTPC Share Price: Shares of NTPC rose over 1% to near its 52-week high following the announcement of a 25-gigawatt renewable energy project in Rajasthan by its subsidiary, NTPC Green Energy. The company's stock has surged 43% in 2024, driven by significant revenue and profit growth.
TCS shares in focus as company's board to consider 2nd interim dividend on October 10
TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) earnings on this day.
TCS Q2 results on October 10; board to consider second interim dividend
TCS will announce its Q2 earnings on October 10, with a potential interim dividend declaration. Despite a gradual recovery in client spending, revenue growth remains stable. MOFSL expects TCS to see a 1% QoQ growth in constant currency. Previous Q1 profits and revenue exceeded expectations.
Decoding Swiggy’s Rs 10,000 crore IPO; PSMC on India’s chip play
Swiggy has filed its updated draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). This and more in today’s ETtech Top 5.
IT business environment better than a year ago, no AI impact on hiring before FY26: Rahul Jain
Rahul Jain from Dolat Capital advises focusing on Indian IT companies' Q2 earnings commentary rather than Accenture's guidance. He notes that AI's impact on hiring is still years away and highlights the uncertainty in the sector due to geopolitical conflicts and mixed economic signals, despite some improvement over the past year.
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Accenture forecasts annual revenue below estimates
Accenture Q4 results 2024: The company said it expects to report annual revenue growth between 3% and 6%, the midpoint of which was below the analysts' average estimate of 5.9% growth, according to LSEG data.
Bazaar Style Retail Q1 Results: Company posts Rs 42 lakh loss, revenue jumps 21% YoY
Revenue from operations for the first quarter of the 2025 fiscal year was Rs 227.68 crore, down from Rs 275.80 crore in the same period last year. However, total income increased to nearly Rs 279 crore in Q1FY25, accompanied by a rise in expenses to Rs 268.8 crore from Rs 221.6 crore in the prior year's first quarter.
HDFC Bank announces board meeting on October 19 to announce Q2 results
HDFC Bank Q2 Results: HDFC Bank, India's largest private lender, will announce its second-quarter results for the period ending September 2024 on October 19. The bank previously reported a 35% increase in standalone net profit for the quarter ending June 2024. Interest earned also saw a significant rise, while gross non-performing assets slightly increased.
FirstCry shares fall 3% after Q1 results show wider sequential loss
Shares of Brainbees Solutions, parent company of FirstCry, fell nearly 3% to Rs 624 on the BSE following its June quarter results. The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore in the same period last year. Revenue from operations increased by 17% to Rs 1,652 crore from Rs 1,407 crore YoY.
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.
Allcargo Logistics Q1 Results: Net profit plummets 97% to Rs 3.36 crore
Allcargo Logistics Q1 Results: Allcargo Logistics' standalone net profit fell drastically by 97% to Rs 3.36 crore in Q1, compared to Rs 198.26 crore last year. However, their income from operations increased by 46%. Growth in their contract logistics and international supply chain has been noted. They expect continued demand through the year's peak season.
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.
Siemens Q3 results: PAT grows 25% to Rs 531 crore
Siemens saw a 25% rise in profit after tax at Rs 531 crore for the April-June quarter, driven by higher revenues. The company's revenues increased by 7% to Rs 4,714 crore, and new orders were up by 18% at Rs 6,245 crore. The CEO noted strong performance across businesses, except in the Digital Industries segment.
Siemens India Q3 FY24 net profit jumps 27% YoY to Rs 578 crore
The company follows an October–September period to report its quarterly results. Total revenue was up 7% at Rs 5203 crore against Rs 4873 crore. The company’s new orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year. Revenue from energy segment declined from Rs 1,518 crore to Rs 1,485 crore year-on-year.
Page Industries Q1 Results: Net profit rises 4.3% YoY to Rs 165.22 crore
The revenue increased by 3.9% from Rs. 1,229.07 crores to Rs. 1,277.52 crores in the period under review. The sales volume grew by 2.6% year-on-year to 5.74 crore pieces
MRF Q1 Results: Profit falls 3% YoY to Rs 571 crore; revenue jumps 12%
MRF Q1 Results: Revenue from operations rose 12% year-on-year (YoY) to Rs 7,196 crore, compared with Rs 6440 crore a year ago.
Vedanta Q1 Results: Profit grows 37% YoY to Rs 3,606 crore
Vedanta Q1 Results: Vedanta posted a 37% year-on-year increase in consolidated net profit to Rs 3,606 crore for the first quarter, up from Rs 2,640 crore last year. Revenue grew 6% year-on-year to Rs 35,239 crore. The company's EBITDA surged by 47%, with margins at 34%, attributed to robust cost reduction efforts.
Chipmaker Infineon narrows revenue outlook after Q3 result misses forecast
German chipmaker Infineon reported third-quarter revenue of 3.702 billion euros ($4.04 billion), falling short of the 3.8 billion euros forecast in a company-provided consensus.
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.
Adani Ports Q1 Results: Cons PAT climbs 47% YoY to Rs 3,113 cr, revenue up 11%
Adani Ports reported a 47.2% rise in consolidated profit for the June quarter, totaling Rs 3,113 crore. Revenue saw an 11.34% increase to Rs 6,956.32 crore. EBITDA grew by 13.1%, with margins improving to 61%. CEO Ashwani Gupta commented on the strong financial performance, noting a temporary issue at Gangavaram Port, now resolved.
Maruti Suzuki Q1 Results: Profit soars 47% YoY to Rs 3,650 crore, beats estimates
Maruti Suzuki Q1 Results: India's largest carmaker, Maruti Suzuki, saw a 46.9% YoY rise in standalone profit to Rs 3,650 crore for Q1, exceeding the Street estimate of Rs 3,467 crore. However, revenue grew 9.82% YoY to Rs 33,875 crore, missing the Rs 34,770 crore estimate. Margins were 12.6%, above the 12% forecast, driving shares up over 4% to a record Rs 13,390 on the BSE.
Adani Power Q1 Results: Profit plunges 55% YoY to Rs 3,913 crore
Adani Power Q1 Results: Revenue from operations saw an increase of 36% YoY to Rs 14,956 in the period. It was Rs 11,005 crore in the year-ago quarter. The continuing profit jumped about 95% YoY to Rs 4,483 crore. The company boasts of transitioning into an era of greater regulatory certainty after the satisfactory resolution of all major pressing matters and the recovery of regulatory dues during FY24. Consequently, prior-period revenue recognition on account of regulatory orders has come down significantly.
GAIL Q1 Results: Cons PAT soars 78% YoY to Rs 3,183 crore; revenue rises 6%
GAIL Q1 Results: The company's profit after tax grew 29% sequentially from the previous quarter, reaching Rs 2,469 crore. Revenue also saw a 6% increase compared to the last quarter of the previous fiscal year. EBITDA jumped 80% year-over-year to Rs 4,790 crore, leading to a significant improvement in EBITDA margins, which reached 13.8%. Total expenses increased slightly to Rs 31,393 crore compared to the same quarter last year.
Canara Bank Q1 Results: Profit rises 10% YoY to Rs 3,905 crore, NII up 6%
Canara Bank Q1 Results: Net interest income or NII during the reporting quarter increased 6% year-on-year to Rs 9,166 crore as against Rs 8,666 crore in the last year period. Provisions for Q1 fell 16% YoY to Rs 2,282 crore, of which provisions for the non-performing assets declined 10% YoY.
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.
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