AMBER FABRICS LTD Q1 RESULTS
Goodluck India Q4 Results: Net profit grows 33% to Rs 37 crore
Goodluck India reported a 33% increase in consolidated net profit to Rs 37.21 crore for the March quarter due to higher revenues.
Jyothy Labs Q4 Results: Net profit rises 32% YoY to Rs 78 crore
Homegrown FMCG firm Jyothy Labs Ltd on Wednesday reported a 31.9 per cent increase in consolidated net profit to Rs 78.15 crore in the March quarter. The company had posted a consolidated net profit of Rs 59.26 crore in the same quarter a year earlier, Jyothy Labs Ltd said in a regulatory filing.
We are happy that we were able to deliver about 19% growth rate in a challenging environment: Rajan Sethuraman, LatentView Analytics
CEO Rajan Sethuraman discusses sustained growth, challenges in demand, and areas of focus like generative AI space, Microsoft Fabric ecosystem, and consumer vertical traction driving revenue expectations in FY25.
SRF Q4 Results: Net profit falls 25% to Rs 422 crore
Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement.
Satya Nadella interview; Zomato's restaurant onboarding push
Artificial Intelligence will not only help solve India’s unique structural challenges and help increase productivity and societal benefits, but those solutions for India may turn out to be relevant for the rest of the world as well, Nadella told ET.
Arvind Q3 Results: Firm posts lower revenue for 5th quarter on tepid denim demand
Indian retailer Arvind Ltd posted on Tuesday a revenue drop for the fifth consecutive quarter, dampened by lacklustre prices of woven products and lower demand for denim.
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HUL Q3 Results: PAT rises just 0.6% YoY to Rs 2,519 crore, trails estimate
Hindustan Unilever (HUL) reported a disappointing quarterly performance, with net profit rising 0.6% YoY to Rs 2,519 crore, missing estimates. Revenue from operations fell 0.3% YoY. Underlying sales growth and volume growth were flat. EBITDA rose 0.1% YoY to Rs 3,540 crore. Operating margins expanded 8 basis points to 23.31%. Homecare segment sales declined, beauty and personal care segment had flat sales growth, and the foods and refreshments segment saw a 1% growth in sales.
Rajasthan Election 2023 Winner List: Who won and who lost
Rajasthan Assembly Election 2023 Full Winner List: No government in Rajasthan has been re-elected for a second term since 1998. The state has been consistently going back and forth between the BJP and the Congress.
Asian Paints Q1 Results: Consolidated PAT soars 53% YoY to Rs 1,550 crore, beats estimates
Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore. The paint maker’s operating profit increased by 36.3% YoY to Rs 2,121.3 crore, with gross margins expanding a whopping 530 basis points (bps) in the quarter.
HUL Q1 Results: Profit rises 8% YoY to Rs 2,472 crore; sales jump 7%
HUL has clocked an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 3,521 crore, up 8% YoY in the June quarter. Meanwhile, EBITDA margins improved by 40 basis points to 23.6% in the reporting period.
FPIs hold short positions compared to long positions, on the derivative front: Apurva Sheth
The Nifty is expected to remain rangebound with 18,600 levels acting as a strong resistance and the index likely to consolidate in the 18,500-18,600 range, according to Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities. He said a decisive close above 18,600 is required for a further uptrend. For Bank Nifty, Sheth expects it to trade sideways and recommends deploying an Iron Butterfly options strategy to take advantage of the movement. The oil and gas sector is struggling due to weakening demand from top oil consumer China and global economic weakness, while realty and consumer durable stocks have displayed mixed performance due to quarter-ending financials.
Trident shares down 9% after Q4 profit declines 28% YoY
Trident, a textile fabric manufacturer, reported a 28.4% YoY drop in Q4FY23 net profit, at Rs 129.7 crore. Revenue from operations declined 15.9% YoY to Rs 1,573.2 crore due to lower revenue across its yarn, towel and bedsheets divisions. Trident’s paper and chemicals unit, however, grew by 22%. Its EBITDA for Q4FY23 slipped 20.5% YoY to Rs 268.4 crore. The company’s share price fell 9% to Rs 31.6 on the BSE.
ETMarkets Smart Talk: How to trade Zomato shares on Monday after Q4 results
Zomato's shares will be watched closely as the foodtech company's losses narrowed in Q4 to Rs 188 crore. The stock's support levels are around Rs 58-55, while resistance lies at Rs 75-80, according to Sumeet Bagadia, executive director of Choice Broking. He adds that short-term prospects of the stock may appeal to risk-taking investors. Meanwhile, M&M could move towards Rs 1,325 if it surpasses its resistance at Rs 1,285.
Amber Enterprises shares skyrocket over 17% post Q4 results
Shares of electrical solutions provider Amber Enterprises India surged 17.5% to reach INR 2,210 ($29.40) on Bombay Stock Exchange after it reported Q4 2023 net profit of INR 108 crore, up 82% YoY, and Q4 2023 revenue of INR 3,003 crore, a 38% YoY increase. Full-year FY23 capex was INR 698 crore, with revenue for the year up 65% YoY to INR 6,927 crore. CEO of Amber Enterprises Jasbir Singh said the company had "transformed from an RAC player to a diversified B2B solution provider since the IPO launch in 2018".
Stocks in news: Airtel, Jindal Stainless, Jubilant Foodworks, Devyani, Paytm
Bharti Airtel reported a 50% YoY rise in the consolidated net profit for the quarter ended March to Rs 3,006 crore. Consolidated revenue grew 14.3% YoY to Rs 36,009 crore
Asian Paints Q4 Results: Profit jumps 45% YoY to Rs 1,234 crore, beats estimates
The company's board has recommended payment of a final dividend of Rs 21.25 for the financial year ended March 2023.
Asian Paints shares jump 4% post Q4 results on margins boost
The paint manufacturer attributed the strong results to sourcing and formulation efficiencies, as well as softening raw material prices, which helped improve margins significantly. EBITDA margins stood at 21.2%, exceeding Morgan Stanley's estimates of 18.6%. Net profit rose 45% YoY to Rs 1,234 crore during Q1, with domestic decorative business and non-industrial businesses driving growth.
Growth to moderate at broader level; Expect more earnings downgrades in Q1 and Q2: Ganeshram Jayaram
Ganeshram Jayaram predicts that India's exports, particularly the IT sector, will be impacted by narrow interest rate differentials between India and the US, leading to lesser capital flows. This shift will also put pressure on deposit growth and keep interest rates higher. Jayaram advises clients to be cautious with growth expectations and recommends a tilt toward quality names. The Nifty is expected to show flattish returns, while sectors such as cement and industrials may offer margin of safety.
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Better than PE! Here's why PEG ratio is better suited for long-term investing
PE ratio is easy to calculate and understood by a large majority among the valuation ratios, because of which PE ratio is one of the most overused and misused ratios. It is used by all and sundry to justify their valuations and create mirage of value. Right from investor presentations to research reports, one will find its mention everywhere. But is this the right matrix to look at ? The answer is no.
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally up to 55%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Even as bears stay in control of Nifty, midcap stocks with ‘strong buy’ & ‘buy’ ratings can rally over 25%, say analysts
Nifty in a correction mode and how much time it will stay in that mode, it is anyone's guess. For all those who are busy guessing how things will pan out for markets and how much time will this correction last. A small reminder, corrections are part and parcel of markets. We are now approaching the end of the earning season and there is always a reset across various market sectors and market cap segments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
HUL Q3 Results: Profit jumps 12% YoY to Rs 2,505 crore, meets estimates
Net sales during the quarter rose 16% to Rs 14,986 crore against Rs 12,900 a year ago period. On Thursday, HUL's scrip closed 1.61% lower at Rs 2,643.05 on NSE.
This multibagger stock hits 10% upper circuit after Q2 results, bonus share issue
Furthermore, the company’s filing stated that “This being the centenary birth year of Purushottam Dass Bangur, the company would dedicate the new green field Jute Unit under in its wholly-owned subsidiary i.e. Gloster Nuvo to the late Purushottam Dass Bangur and name it Unit Purushottam.”
Century Textiles & Industries Q1 Results: Net income jumps 78% YoY to Rs 63 crore
The company's Managing Director J C Laddha attributed the strong numbers to the high operational efficiency and improved market demand. The pulp and paper business has performed exceptionally well during the reporting quarter, especially with increased demand in the paper and tissue segment, he said.
HUL Q1 Results: Profit jumps 11% YoY to Rs 2,289 crore, beats estimates; revenue rises 19.5%
The company said its Home Care segment delivered 30 per cent growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits, with all parts of the portfolio performing well, it said.
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