JSW STEEL Q3 EARNINGS
TCS Q1 beat fuels market rally, lifts Sensex, Nifty and m-cap to new records
The market capitalization of all BSE-listed companies reached a record high, increasing by Rs 1.18 lakh crore to Rs 452.36 lakh crore. TCS, India's leading IT services company, saw a 6.7% rise after surpassing revenue expectations. This surge contributed to a 4.25% increase in the US rate-sensitive IT index.
Maruti Suzuki drives market euphoria: Sensex, Nifty notch all-time closing highs
Maruti Suzuki and consumer stocks kept D-Street benchmarks on track to continue their post-election rally. The 30-share Sensex advanced 391 points to settle at 80,352. The broader NSE Nifty gained 113 points to top 24,430. A strong macroeconomic growth outlook and steady return of foreign inflows also boosted investor sentiments. The market capitalisation of all listed companies on the BSE increased by Rs 1.58 lakh crore to Rs 451.29 lakh crore.
Sensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed
Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.
Mundane Monday: Sensex, Nifty settle on flat note in muted trade
Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and Oil & Gas closed higher. Among individual stocks, PC Jeweller surged to lock in the 10% upper circuit after receiving approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues.
HDFC Bank drags Sensex 500 points lower, Nifty slips below 24,200
Indian equity indices decline due to HDFC Bank's disappointing Q1 update, with Sensex dropping over 500 points. Experts anticipate potential Fed rate cuts based on US jobs data. Global markets remain positive on U.S. rate cut expectations. Oil prices hold near recent highs. Rupee strengthens against the dollar.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
Tata Steel Q4 Results: Net profit slumps 64% YoY to Rs 611 crore; misses D-St estimates
Tata Steel Q4 Results: Revenue from operations for the quarter under review fell 7% YoY to Rs 58,687 crore. The company's board has recommended a dividend of Rs 3.6 per share. It has also approved a proposal to infuse funds up to $2.11 billion (Rs 17,407.50 crore), by way of subscription to equity shares of T Steel Holdings Pte Ltd in one or more tranches during FY25.
Tata Steel board approves Rs 3,000 crore fundraise via NCD route
It plans to raise upto Rs 3,000 crore through non-convertible debentures (NCDs) on a private placement basis.
IRCTC, ABFRL, JSW Holdings among 453 companies declaring Q4 results on Tuesday
453 companies, including IRCTC and Aditya Birla Fashion, are set to declare Q4 results. Most companies report profits, boosting Nifty and Sensex to new highs. Market bullish ahead of Lok Sabha elections.
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
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.
JSW Steel Q4 Results: Profit falls 64% YoY to Rs 1,299 crore
JSW Steel reported a 64% YoY drop in consolidated net profit to Rs 1,299 crore for March 2024, with revenue from operations at Rs 46,269 crore. The Board recommended a final dividend of Rs 7.30 per share, and the EBITDA margin was 13.2%. Details on operating profit, sales realisations, total sales volumes, exports, and production achievements were highlighted.
Jindal Steel Q4 Results: Cons PAT zooms 100% YoY to Rs 933 crore, but revenue falls 1%
Jindal Steel Q4 Results: In the corresponding quarter of the last financial year, the company reported a PAT of Rs 466 crore. On a sequential basis, the consolidated PAT was down 52% versus Rs 1,928 crore reported in Q3FY24. Gross revenue for the quarter under review stood at Rs 15,749 crore, down from Rs 15,797 crore reported in Q4FY23.
JSW Steel to take up fundraising on May 17
The fund raising could include, but will not be limited to a qualified institutional placement, the company said in an exchange filing on Wednesday.
JSW Energy Q4 Results: Cons PAT jumps 22% YoY to Rs 345 crore
JSW Energy Q4 Results: The company recommended a dividend of Rs 2 per equity share for the financial year 2023-24. JSW Energy also approved raising of funds of up to Rs 10,000 crore in one or more tranches, through the issuance of securities.
Rise in global steel price will reflect in India and partly offset rising costs in Q4: Jayant Acharya, JSW Steel
Jayant Acharya, Jt MD & CEO of JSW Steel, discusses the impact of elevated raw material prices on margins and the increase in steel prices globally. He highlights the drop in standalone volumes due to lower exports and muted domestic sales. However, sales to institutional customers and industrial sectors have reached all-time highs. Acharya expects global steel price improvement to reflect in India, reducing imports and encouraging more exports.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
JSW Steel Q3 Results: Cons PAT soars 5x YoY to Rs 2,415 crore, beats estimates
JSW Steel Q3 Results: Consolidated revenue from operations rose 7.2% year-on-year (YoY) to Rs 41,940 crore but trailed estimate of Rs 42,527 crore.
JSW Steel Q3 results today: What to expect and key things to track
JSW Steel is expected to see robust growth in both bottom line and topline figures on a year-on-year basis, but the sequential growth could be subdued. Profit for the third quarter may more than triple over the previous year, but could decline up to 57% on a sequential basis. Revenue growth is expected to be around 10-14%, while volumes are expected to decline in Q3. Key monitorables include coking coal impact, steel realizations, and operating leverage.
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