EASTERN TREADS LTD Q2 RESULTS
Vodafone Idea approves Rs 2,075 crore preferential allotment to AB Group
The allotment aggregates to Rs 2,075 crore and will be issued to Oriana Investments Pte Ltd (Aditya Birla Group entity forming part of the promoter group)
Great Eastern Shipping Company Q4 Results: Net profit rises 25% YoY to Rs 905 crore
The company's consolidated revenues during the quarter under review also rose to Rs 1,726.25 crore from Rs 1,550.27 crore in the year-ago period. The company's total expenses declined during the quarter to Rs 784.66 crore from Rs 853.22 crore in the year-ago period.
World gold demand surges in Q1 2024, hits record high amid central bank buying and OTC investment boom
The World Gold Council's Q1 2024 Gold Demand Trends report reveals a 3% increase in global gold demand to 1,238 tonnes, driven by healthy investment from the OTC market and persistent central bank buying. Gold price hit a record quarterly average of US$2,070/oz. Central banks added 290 tonnes to official holdings, highlighting gold's importance in reserve portfolios.
Hilton Q1 Results: Revenue rose 12% to $2.57 billion; co lifts profit forcast
Hilton Worldwide Holdings beat Wall Street estimates for first-quarter revenue and raised its 2024 profit forecast on Wednesday, banking on rebounding international and group travel and its expanding hotel portfolio to boost results.
Passenger vehicles stay ahead of the curve for 2nd month in calendar year
It would be the first time in seven years when February will see two consecutive years of growth on YoY basis. In the first 10 months of FY24, passenger car makers sold 3.46 million vehicles, up 7.8% year-on-year.
Sun TV Network Q3 Results: Cons PAT rises 7% YoY to Rs 454 crore
The broadcaster owns 35 TV channels in six languages and an OTT platform Sun NXT, besides FM radio stations across India. It also owns two cricket franchises Sun Risers Hyderabad and Sun Risers Eastern Cape in Indian Premier League and SA 20, respectively.
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Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
REC Q3 Results: Net profit rises 13.5% YoY to Rs 3,308.42 crore
State-owned REC Ltd on Tuesday posted about a 13.5 per cent rise in its consolidated net profit to Rs 3,308.42 crore for the December 2023 quarter, mainly on the back of higher revenues.
India jumps 18 spots in annual house price movement in Q3-2023: Report
India climbed 18 spots up to 14th rank in the global house price index in the third quarter of 2023, data compiled by real estate consultant Knight Frank India showed. House prices remained robust in the face of higher debt costs, with average prices across the 56 markets covered by the Knight Frank's Global House Price Index, growing at an average of 3.5 per cent on a yearly basis in September 2023, up from 2.2 per cent in the previous quarter.
JK Lakshmi Cement likely to retain momentum on expectations of a good Q3 performance
In the September 2023 quarter, JK Lakshmi Cement's revenue grew by 12% year-on-year to Rs1,452 crore. Its sales volume grew by 10%, which was similar to the 11% volume growth at the sector level. The operating profit before depreciation and amortisation (EBITDA) grew by 17% to Rs705 per tonne. Net profit grew by 41% to Rs83 crore.
Sun TV Network's Q2 net up 14%, to pay Rs 5/share interim
Domestic subscription revenue increased by 5.34% to Rs 418.23 crore, increasing operating revenue by 28% to Rs 1,017.98 crore. Total revenue for the quarter increased by 27.48% to Rs 1,125.08 crore. Sun TV Network has TV channels in six languages, an OTT platform called Sun NXT, and FM radio stations all over India.
Apollo Hospitals to invest Rs 3435 crore on capacity expansion, posts Rs 233 cr net profit in Q2
As part of the expansion plan, the company announced a 250-bed new hospital in Pune expandable to 425 beds in 2 years at an overall cost of Rs 675 crores. The hospital is expected to be commissioned by Q1 FY25. With this expansion, Apollo will have over 1000 beds in Maharashtra including Mumbai, Pune and Nashik.
Shree Cement gets stronghold boost as rivals focus elsewhere
Revenue grew by 18.8% year-on-year to Rs 4,800 crore while net profit more than doubled to Rs 446.6 crore. According to Bloomberg consensus, analysts had estimated revenue and net profit of Rs 4,573 crore and Rs 328.1 crore respectively. The company’s growth was driven by the increase in infrastructure projects rolled out by the government during a pre-election year.
Q2 results this week: RIL, Axis Bank, Tech Mahindra, Maruti, PNB and others
On Monday, Torrent Pharmaceuticals, Lloyds Metals & Energy, PNB Housing Finance, Alok Industries, Mahindra Holidays & Resorts India, Kewal Kiran Clothing, Mahindra Logistics, New Delhi Television (NDTV) results will be out
ICICI Securities shares jump 8%, hit 52-week high after Q2 profit zooms 41% YoY
ICICI Securities said the board has also accepted the resignation of Ankit Sharma, Head – Compliance and Legal (within the category of senior management in the Company). The resignation will take effect from December 7, 2023.
For calculated risk takers: 6 midcap stocks with right levels of RoE and upside potential of up to 44%
Despite the fact the valuations are high and there are many headwinds both in terms of geopolitical risk and central banks policy making, the correction which is taking place in the market is not of the same magnitude which in the past such mews flow has brought. So at one level while the correction is taking place but at the same time, the under current is still that of hope. In such times of divergence, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Q1 results this week: Adani Enterprises, SBI, Maruti, Titan, Airtel, M&M & others
Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.
Up to 41% upside potential: 9 companies that generate high profits, can consistently provide good returns
Despite phases of high and low volatility, the stocks that were profitable in the previous decade delivered significantly higher returns against market benchmarks across multiple time frames. Such outperformance was visible across market capitalisations.
Bandhan Bank Q1 Preview: PAT seen falling up to 14% in a soft quarter
Bandhan Bank's Q1FY24 results are expected to be weak due to a sequential decline in loan growth and seasonably weak quarter, with net profit projected to fall up to 14%. However, the bank anticipated loan and deposit growth to be 20% above industry
Stock screener: 10 companies with highest EBITDA margin in FY23. Tempting buys?
Maharashtra Scooters has topped the list of Indian companies with the highest EBITDA margins of at least 50% in FY23. The company reported an EBITDA margin of 89.5% with 11.5% growth in sales and 36.84% profit growth in the same year. Other companies in the list include SJVN, Nesco, Adani Green Energy, The Phoenix Mills, Gujarat Pipavav Port, among others. Analysts predict sustained earnings growth in sectors such as autos and cement due to falling input commodity costs. However, most sectors saw downgrades during the Q4 results season.
Dr. Lal PathLabs Q4 Results: Co reports sixth consecutive fall in net profit at Rs 567 million
The medical diagnostics firm, India's largest by revenue, posted a consolidated net profit of 567 million rupees ($6.93 million) in the three months to March 31, down from 613 million rupees a year earlier.
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.
Corporate Radar: Vedanta to consider dividend; PTC India results and more
Vedanta has fixed November 30 as the record date to determine shareholders’ eligibility for the dividend. So far in FY23, the company has declared a total dividend of Rs 51 per share, in two interim dividends of Rs 19.5 and Rs 31.5 per share. Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.
Nuvoco Vistas Q2 Results: Cement maker posts cons net loss of Rs 130-crore
The company had reported a loss of Rs 26 crore in the corresponding quarter last year. The loss was despite 19% growth in the consolidated topline to Rs 2,401 crore.It was the high input costs, especially energy and logistics that pulled the company into the red. Expenses for the cement maker grew 24% year-on-year.
Corporate Radar: NTPC to turn ex-dividend; Coal India Q1 results; AGMs, and more
Abbott India, United Breweries, Zydus Lifesciences, Cummins India, The Ramco Cements, Cholamandalam Financial Holdings, Sobha, Ingersoll-Rand (India), S H Kelkar & Company, Pricol, Ramco Industries and Ramco Systems will have their annual general meetings (AGM) today.
Corporate Radar: Bonus issues, Q4 earnings, stock split & more
Shares of Great Eastern Shipping Company will go ex-dividend today. The company had announced an interim dividend of Rs 5.40 per share.
Birla Corp Q2 results: Net profit falls 49% to Rs 86 cr as demand falls
The company reported an operating profit (Ebitda) of Rs 281 crore, down 30.4 per cent YoY. Birla Corp reported consolidated revenue of Rs 1,711 crore, up 2.1 per cent YoY.
For next two quarters, Bandhan Bank will focus on business and profit growth: Chandra Shekhar Ghosh
“Customers are going back to business and credit demand has come in and credit queries have started.”
DLF Q2 results: Firm posts profit of Rs 378 crore
The company said that the residential business continues to tread on its growth trajectory with healthy traction and strong demand momentum across segments and geographies.
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