ANGEL ONE LTD Q1 RESULTS

Happy Wednesday! Due to recent hygiene lapses by quick commerce, the government has intensified surprise inspections of their warehouses. This and more in today’s ETtech Morning Dispatch.

The bank's credit-to-deposit ratio for the first quarter was 86.4%, down from 91.3% in the same quarter last year. During the April-June 2024 period, the liquidity coverage ratio improved to 137.8%.

SEBI instructed MIIs to ensure uniform charges benefiting end clients, with changes effective from October 1, 2024. The circular aims to rectify incorrect disclosures, especially regarding charges collected from end clients by MIIs. MIIs are directe...

Infosys will flag off the first quarter earnings for FY25. It expects its constant currency revenue growth for FY25 to be around 1-3%. The operating margins are predicted to be anywhere between 20-22% in the current fiscal.

Citing stricter regulatory requirements, US payments major Stripe has shifted to an ‘invite only’ mode in India. This and more in today’s ETtech Top 5.

India VIX may hit 30 mark before General Election outcome on June 4, experts predict. Recent surge in volatility attributed to election uncertainties. Market expected to remain volatile, with VIX likely to retreat post-election. Investors advised ca...

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 adv...

Strides Pharma Science posted a net profit of Rs 10.4 crore in Q4FY24, rebounding from a loss of Rs 1 crore in the same period last year. Pre-tax profit was Rs 29.6 crore.

Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”

Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.

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

ABB India surged 8.5% on the BSE, hitting a new 52-week high of Rs 7,792.40. The company reported a remarkable 87% increase in net profit to Rs 460 crore in the March 2024 quarter, driven by higher revenues.

BPCL Share Price: BPCL shares rose 5% despite a 35% net profit drop. Revenue was Rs 1.32 lakh crore. A 1:1 bonus was approved. Ebitda for the reporting quarter came in at Rs 9,213 crore. FY24 net profit was 26,673 crore.

Mastercard's Q1 profit exceeded expectations with solid results driven by consumer spending. Asia Pacific travel trends and cross-border spending were impacted by timing differences.

​Paid subscribers rose 14% year over year to 239 million, the Swedish company said Tuesday in a statement, in line with analysts’ estimates compiled by Bloomberg. Total active users, including those on free plans with advertising, grew to 615 millio...

​Brokerage firm ICICI Securities, in its recent report, raised Angel One’s rating from ‘hold’ to ‘buy’, keeping the target price unchanged at Rs 3,469, signaling an upside potential of 24% from the current levels.

Consolidated revenue from operations jumped 28.15% to 1,357.2 crore from the December quarter. Net profit in January-March was up 27.3% and revenue from operations was up 64.3% from last year

Angel One's shares surged by up to 5.5% to Rs 3099 as it reported a 27% YoY increase in consolidated net profit to Rs 340 crore for the quarter ended March 2024.

The company's profit rose to Rs 340 crore ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among retail investors, as the country's stock market touched record highs and commodity prices rose sharply.