AMBER FABRICS LTD Q2 RESULTS
“EORS is going to be a game changer”: Uptownie’s Co-Founder Shivani Agarwal on the fashion brand’s partnership with Myntra
Myntra, a popular e-commerce platform, offers a vast selection of women's western wear, including trendy tops. Uptownie, a well-loved brand on Myntra, provides affordable and trendy fashion for Indian consumers. The ongoing End Of Reason Sale on Myntra presents great deals on Uptownie's viral products.
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.
Abhay Agarwal on 2 pharma stocks to bet on for long-term
On the market construct itself, I think there is bound to be volatility in a rising bull market that we have had not only in India but even in the US. There will be days of sharp corrections and people will just have to get used to them.
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.
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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.
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.
Takeaways from Mamaearth's IPO filing; Tech Mahindra Q2 show adds to IT slowdown
Honasa Consumer, the IPO-bound parent of Mamaearth, has seen a reduction in contribution to revenue from its top 10 selling products. This and more in today’s ETtech Top 5.
Bears waking up? Here are 7 largecap stocks with right mix of RoE & RoCE
It is a well known fact that equities are fraught with risk. But the word “risk” also needs to be further looked into. In equities the risk is more in the short term, over longer term, it is not very high. Also, when diversified in the manner that exposure is to different segments of an economy, risk of a sharp decline in value comes down. Another way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
HUL Q2 Results: Profit rises 4% YoY to Rs 2,717 crore; dividend declared at Rs 18/share
The company's sales rose 4% year-on-year (YoY) to Rs 15,027 crore in the reporting period. The profit beat the ET Now estimate of Rs 2,590 crore, while revenue was slightly below expectations.
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.
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".
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.
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.
Infosys forecasts lowest revenue growth in six years; FirstCry's secondary share sale at $3 billion
India’s second-largest software exporter, Infosys has forecast a revenue growth of 4-7%, its lowest guidance in over six years. This and more in today’s ETtech Morning Dispatch.
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.
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.”
HUL Q2 Results: FMCG major surprises with strong numbers, takes cautious tone on volume-led growth
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter grew nearly 8% on year to Rs 3,377 crore, while operating margin contracted by 172 basis points to 22.89%.
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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