ASHISH POLYPLAST LTD Q2 RESULTS
Uptick in IT hiring; ex-bureaucrat turns VC
Happy Monday! IT hiring has shown a glimmer of hope in Q1. This and more in today’s ETtech Morning Dispatch.
Sensex at 80K: A simple ETF or index fund SIP of Rs 10,000 would have made you a crorepati in 2 decades
Rs 10,000 SIP in ICICI Prudential BSE Sensex ETF: Rs 1.55 crore (XIRR 14.62%). HDFC Index Fund-BSE Sensex: Rs 1.47 crore (XIRR 13.70%). Tata BSE Sensex Index Fund: Rs 1.28 crore (XIRR 13.25%). LIC MF BSE Sensex Index Fund: Rs 1.20 crore. Axis BSE Sensex Index Fund (Feb 2024) offers XIRR 52.70%. Sensex hits 80k. Ashish Kumar advises caution.
Ashish Kacholia-backed smallcap stock jumps 8% after company's Q4 PAT rises 153%
Zaggle Prepaid Ocean Services, a smallcap company supported by ace investor Ashish Kacholia, saw its shares surge by almost 8% to Rs 338 on Friday's trading session on the BSE. This spike followed the announcement of strong fourth-quarter results.
Puravankara Q4 Results: Loss narrows to Rs 7 crore YoY; revenue shoots up 112% YoY
The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.
JSW Steel shares fall over 2% after Q4 result disappoints
JSW Steel Share Price: The fall in share price came a day after the steel major reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. It was Rs 3,664 crore a year ago. Revenue from operations in the reporting quarter, too, took a beating, though marginally, to Rs 46,269 crore.
Honeywell Automation declares Rs 100 dividend along with Q4 results
Honeywell Automation’s net profit for the quarter ended March 31, 2024, was reported at Rs 148.2 crore, up 32% YoY from Rs 112 crore for the same period a year ago. Ashish Gaikwad has resigned as MD and Atul Vinayak Pai has been appointed in his place.
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SRF expects demand-supply imbalance, margin pressures in BOPET to continue
SRFLimited, an Indian chemicals business, anticipates ongoing demand-supply imbalances and margin pressures in the BOPET sector in the short to medium term, according to a stock exchange filing. However, the agrochemicals segment shows signs of improvement following inventory rationalization in FY24, with robust customer inquiries and progress in active ingredients (AIs) development.
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.
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
Infosys Q4 earnings; layoffs at Good Glamm group
India’s second-largest IT company Infosys posted upbeat results for the fourth quarter. More numbers in today’s ETtech Top 5.
NPST revenues surge 210% in Q3, approves 2:1 bonus issue
NPST, a leader in digital payments and banking services, announced significant revenue growth in Q3, reflecting strong performance. The company achieved a notable 210% increase in revenues compared to the previous fiscal year. NPST's year-to-date revenue also showed a remarkable 332.18% increase. The company's Q3 results demonstrate its commitment to sustainable growth and the effectiveness of its overall strategy. NPST's presence in the payments industry has contributed significantly to the industry's growth.
Puravankara Q3 Results: Net profit more than doubles to Rs 78 crore
The company’s revenue for the quarter stood at Rs 1241 crore, an increase of over 56% y-o-y. The company’s sales volume for the quarter stood at 1.63 msft with a robust collection of Rs 941 crore.
Ashish Kacholia hits bull's eye as 9 portfolio stocks zoom over 100% in FY24
There are nine stocks in Ashish Kacholia’s portfolio that have soared by more than 100% in just seven months, with the newly-listed SME stock Vasa Denticity turning out to be the best performer. Some of his largest bets include Safari Industries, Gravita India, Garware Hi-Tech Films and NIIT Learning Systems, shows data from ACE Equity.
Puravankara reports record-breaking sales of Rs 1,600 crore for Q2 FY24
Sales volume for the quarter stood at 2.01 msft, up by 89% y-o-y, with a strong collection of Rs 879 crores (+70% Y-o-Y).
Berger Paints Q2 Results: Firm misses estimate on delayed festivals, poor monsoon
Berger Paints India on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs.
Muted Q2 show from Wipro, LTIMindtree; PhonePe FY23 revenue surges
Two major Indian IT companies — Wipro and LTIMindtree — posted subdued earnings for the second quarter. While Wipro’s consolidated net profit rose marginally, that of LTIMindtree dipped. This and more in today’s ETtech Top 5
Puravankara records Rs 2,725 crore in sale value, up by 109 per cent in second quarter
Real estate firm Puravankara Limited achieved a record sale value of Rs 1,600 crores in Q2FY24, marking a 102% increase compared to the same period last year. The company also experienced a 70% year-on-year growth in customer collections and a 7% increase in average price realisation. With upcoming project launches and sustained sales growth, Puravankara is confident in maintaining its strong momentum.
Nykaa Q1 profit up 8%, revenue jumps 24%; Backing Rahul Yadav's 4B Networks a mistake: Info Edge
Online fashion retailer Nykaa’s parent firm posted a 8% jump in net profit to Rs 5.4 crore for the April-June quarter, while operating revenue rose 24% to Rs 1,422 crore. This and more in today’s ETtech Top 5.
Multibagger stock jump over 13% after Q1 profit zooms 59% YoY
Consolidated EBITDA for the June quarter rose 44.6% YoY to Rs 21.3 crore. Meanwhile, EBITDA margin came in at 11.3% in the same period. Growth in the margins on both YoY and QoQ basis was on account of a favourable revenue mix and softening of input cost.
Ecommerce logs 24% Q2 growth as premium products click; slowdown hits low-priced items
The 24% quarterly growth follows a slower-than-expected 16% growth in the January to March quarter, as reported by ET in May. While certain segments like pharma and eye wear have grown at a faster clip, senior ecommerce industry executives said there is an emerging trend of slowdown in online sales of low-priced items across categories like fashion, appliances, etc.
Puravankara clocks Rs. 3,107 crore in sales for FY23
For the full year, the company sold 4 msft with a sales value of Rs 3107 crore. Sales realization came in at Rs 7,768 per sft, up 14%.
Building entry barriers in fintech; and other top tech & startup stories this week
The free run that Indian fintech founders had is a thing of the past. Not only has the regulator stepped in to check the speed of innovation, banks are also looking to work only with regulated fintechs.
Stocks in the news: Biocon, NMDC, Brigade Enterprises, PB Fintech, SpiceJet and NDTV
Rajesh Exports, AVG Logistics, Shahlon Silk Industries, MRC Agrotech, Lee & Nee Softwares, Milton Industries and Destiny Logistics & Infra are among the companies that will announce their results for September 2022 quarter today.
Delhivery net loss more than triples in Q1, Microsoft joins ONDC
Delhivery, which went public in May, has reported a net loss of Rs 399 crore for the quarter ending June 30, more than tripling the Rs 130 crore net loss it clocked in the same quarter of 2021
ABFRL posts Rs 31.90 cr profit for Jan-Mar, sales up 25.3%
A rapid revival in demand across categories led to a robust quarterly performance despite the impact of the third wave of the pandemic. The investments in e-commerce and omnichannel expansion have shown results with rising consumer affinity for our brands," said an earning statement from ABFRL.
SRF Q3 Results: Profit up 56% at Rs 506 crore
Revenue from operation grew 56 per cent to Rs 3,346 crore during the third quarter of this fiscal year from Rs 2,146 crore in the corresponding period of the previous year.
SRF Q2 results: Profit rises 21% to Rs 382 crore
Established in 1970, SRF Ltd with an annual turnover of Rs 8,295 crore is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates.
Puravankara Q1 results: Net profit zooms 1,024% to Rs 155 cr; sales rise 184%
The firm's net sales also increased by 184% to Rs 542 crore for the first quarter ended June, 2021. “The foundational strength of our portfolio and operational agility kept us resilient, ensured business continuity while undergoing a seamless digital transformation,”
Aditya Birla Fashion & Retail Q2 profit falls 30% to Rs 30 crore
The retailer that sell brands such as Pantaloons, Louis Philippe and Allen Solly, said it had revenues of Rs 2297 with net profit of Rs 30 crore.
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