INFIBEAM AVENUES LTD Q1 RESULTS
Pause on the cards: Fintechs may take a hit as most banks stay away from BBPS
RBI mandates credit card bill payments through BBPS, but only 8 of 34 banks are live on the network, causing concern among payment companies like PCI for an extension.
Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.
Radhakishan Damani-linked entity buys 43 lakh shares of smallcap, stock zooms 16%
Bhagiradha Chemicals shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.
Ola CFO exits; India’s data centre edge
Kartik Gupta, chief financial officer, Ola Cabs has stepped down, just two weeks after chief executive Hemant Bakshi’s exit. This and more in today’s ETtech Top 5.
Q4 results today: Vodafone Idea, M&M among 94 companies to announce earnings on Thursday
Q4 results today: 94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea's Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy
Abneesh Roy from Nuvama Institutional Equities discusses Britannia's positive growth outlook despite local competition and tech disruption, while also reflecting on challenges faced by Titan in the jewelry segment and eyewear business.
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Q4 Results Today: DMart, Kotak Mahindra Bank among 16 companies to announce earnings
Other companies which will also release the numbers include The Anup Engineering, Birla Corp, Golkonda Aluminium, Hitch Energy Batteries, IDBI Bank, Jammu and Kashmir Bank, Kansai Nerolac Paints, Nagarjuna Fertilisers, Nila Infrastructure, Raw Edge, Sambhav Media, Vijay Textiles and Zen Technologies.
DMart Q4 Results Preview: Profit may rise 23% YoY; margins to expand
DMart Q4 Results Preview: An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Fresh Peaks! Sensex surges 500 pts led by gains in HDFC Bank, Nifty scales Mt 22,600
Indian indices reach record highs ahead of RBI's decision. HDFC Bank reports strong growth. Power Grid, Axis Bank, Kotak Bank, Avenue Supermarts, KEC International show positive movement.
Q3 results this week: Axis Bank, Adani Power, Tata Steel, Tech Mahindra, PNB, YES Bank and others
Here's a look at the upcoming release of December quarter report cards by various companies including Axis Bank, Bajaj Auto, DLF, Tata Steel, Tech Mahindra, Adani Power, JSW Steel, SBI Life, PNB, Macrotech Developers, and YES Bank. Additionally, companies such as Colgate-Palmolive (India), Coforge, Oberoi Realty, Mangalore Refinery And Petrochemicals, Lloyds Metals & Energy, Authum Investment & Infrastructure, Sobha, Karur Vysya Bank, Zensar Technologies, Chennai Petroleum Corporation, Spandana Sphoorty Financial, Tamilnad Mercantile Bank, VST Industries, IIFL Securities, Gensol Engineering, and Oriental Hotels will also be releasing their report cards.
LTIMindtree portfolio of revenues rebalancing, holds better promise for multi-year growth path: Sudhir Chaturvedi
Sudhir Chaturvedi says: “Post pandemic, the main driver was transformation. Currently the main driver is cost reduction. And till the market environment improves, till we see, essentially a reduction in interest rates and more certainty in the political environment, I think clients will continue to be cautious about their budgets.”
DMart's strong Q3 numbers fail to impress Street. Here's what brokerages say
A clutch of top domestic brokerages retained their ratings on DMart’s stock with cosmetic changes. While Motilal Oswal maintained a buy view on DMart shares, Nuvama retained a 'Hold' stance. Kotak Institutional Equities, on the other hand, reiterated a 'Sell' view.
Q3 earnings, global cues, FII flows among 8 factors to set trajectory for D-Street this week
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
DMart Q3 results: Consol PAT up 17% YoY to Rs 691 crore, revenue sees similar growth
Earnings before interest, taxes, depreciation and amortization or EBITDA during the quarter grew by 16% YoY to Rs 1,119.89 crore. However, operating margin dipped marginally to 8.25% from 8.34% a year ago.
DMart Q3 result preview: PAT may rise 23% YoY; gross margins to expand
Avenue Supermart is expected to report healthy growth in its consolidated revenues, with revenue for the quarter ended December estimated to grow 17-18%. Net profit is likely to rise around 23% YoY. Analysts expect DMart to report a gross margin of 14.1% and an EBITDA margin of 8.4%. Revenue growth for Dmart in Q3 is estimated at 17.2%.
These 19 smallcap multibaggers saw double-digit growth in both revenue, EBITDA in Q2
The list of 35 companies include names such as Olectra Greentech, RateGain Travel Technologies, Titagarh Rail Systems, KPIT Technologies, Thomas Cook, Prestige Estates Projects, Ramky Infrastructure, Skipper, Jupiter Wagons, all of which are part of the S&P BSE Smallcap index. The list also includes midcap names such as Trent, Adani Power, Adani Green Energy, Infibeam Avenues, Oberoi Realty, and Hindustan Copper, all of whom have seen strong earnings growth and have given double-digit returns so far in 2023.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nifty on Thursday ended 46 points lower to form a small green candle with an upper shadow on the daily chart and signalled buying interest at lower levels. Put writers were seen strengthening their position at 19,500 strike. If the index weakens further, it can find support around 19480-19450 levels and any upside bounce from here could encounter resistance around 19700 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Avenue Supermarts shares fall 4% as Q2 profit drops. Should you buy, sell or hold?
Avenue Supermarts on Saturday reported a consolidated net profit of Rs 623.35 crore for the quarter ended September 30, 2023, which was down by over 9% from Rs 685.71 crore reported by the company in the corresponding period of the previous financial year. The company which operates DMart reported a consolidated revenue from operations at Rs 12,624 crore which was up by 18.66% from Rs 10,638.33 reported by the company in Q2FY23.
Avenue Supermarts Q2 Results: PAT drops over 9% YoY to Rs 623 crore even as revenue jumps 19%
The company which operates DMart reported a consolidated revenue from operations at Rs 12,624 crore which was up by 18.66% from Rs 10,638.33 reported by the company in Q2FY23. On a sequential basis, the revenue grew 6.4% from Rs 11,865.44 crore in the June 2023 quarter. EBITDA margin for the quarter was 8%, down from 8.4% in Q2FY23.
DMart Q2 Preview: PAT may fall 3% YoY despite double-digit sales growth
DMart Q2 Results Preview: According to the provisional numbers released by the owner of DMart hypermarket chain earlier this month, the company’s standalone revenue increased by nearly 19% YoY in the September quarter to Rs 12,308 crore. However, the net profit is expected to decline about 3% on year to Rs 666 crore, according to the average of estimates given by five brokerages.
Q2 results this week: TCS, Infosys, HCL Tech, Avenue Supermarts, Delta Corp and others
Other than TCS, National Standard (India), Signatureglobal (India), Delta Corp, Samhi Hotels, Zaggle Prepaid Ocean Services, Plastiblends India, Justride Enterprises, and Sanathnagar Enterprises will also announce their Q2 results on October 11.
DMart Q2 Update: Revenue rises 18% YoY to Rs 12,308 crore, store count at 336
The company's revenue stood at Rs 10,384 crore in the same period last year. On a sequential basis, revenues rose 6% from Rs 11,584 crore clocked in the preceding June quarter.
Tata Motors, HDFC Bank among 12 stocks with highest upgrades after Q1 results. Which ones to buy?
Within its model portfolio, Motilal Oswal is overweight on financials, consumption, and automobiles and underweight metals, energy and utilities.
Infibeam Avenues ups stake in Fable Fintech, sees PAT growth in Q1
The deal will take Infibeam’s stake in Fable to 41% and make it an associate company to the payments solutions provider.
DMart shares fall over 2% on weak Q1 earnings. Should you buy, sell or hold?
The company reported a mere 2.3% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 695.36 crore, despite double-digit growth in revenue. The hypermarket chain operator reported an 18% YoY growth in revenue for the quarter at Rs 11,584.40 crore.
D-Mart Q1 Results: PAT up mere 2.3% YoY to Rs 695 crore despite higher sales
The hypermarket chain operator reported an 18% YoY growth in revenue for the quarter to Rs 11,584.40 crore. The board has also given consent to offer employee stock options, subject to the approval of shareholders at the ensuing annual general meeting.
Q1 results this week: TCS, HCL Tech, Wipro, Avenue Supermarts, Angel One and others
The June quarter earnings are seen to be weaker than expected amid uncertain and global environment and a slowdown in discretionary spending by clients
Amara Raja Batteries, Eureka Forbes and Infibeam Avenues form Doji. What does this tell about stocks?
Amara Raja Batteries, Eureka Forbes, and Infibeam Avenues have shown Doji and Near Doji patterns, indicating market indecision. Amara Raja Batteries may experience a trend reversal, while investors examining Eureka Forbes should consider financials and market conditions. Infibeam Avenues has potential for a Near Doji pattern. Monitoring stock prices and market sentiment can provide insights into future performance.
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