ORIENTAL RAIL INFRASTRUCTURE LTD Q2 RESULTS
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Q1 results today: HCL Tech, IREDA among 14 companies announce earnings on Friday
TCS has started the first quarter earnings season with positive results, signaling an improved business environment. Today, HCL Tech, along with 13 other companies, will announce their earnings for the quarter ended June. Other notable companies reporting earnings include 5paisa Capital, Atharv Enterprises, Betala Global Securities, Gautam Gems, Golkonda Aluminum, Indo Cotspin, Infomedia Press, IREDA, and Oriental Hotels.
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Stocks in news: TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL
Domestic markets closed steady with focus on TCS, HCL Tech, Anand Rathi Wealth, and others for their first quarter results. Companies like RIL's Ethane Crystal LLC and Prestige Estates face challenges. GTPL Hathway shows growth in revenue. Oriental Rail Infra secures a significant order from Indian Railways. Adani Wilmar expands stake in OCIPL.
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D-Street's cooling earnings momentum set to challenge stock rally
HDFC Bank Ltd. and Bank of Baroda Ltd. posted a sequential drop in credit growth, suggesting that lenders — who have the highest weighting in the index are struggling to keep up the rapid expansion seen in recent years.
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RVNL, IRFC among railway stocks that rally up to 16% ahead of Union Budget
Railway stocks, including RVNL and IRFC, reached new peaks before the upcoming Union Budget. Positive sentiment surrounds RVNL after signing MoU with DMRC. Other companies like Texmaco Rail and RailTel also saw significant gains. Finance Minister to present budget on July 23, with focus on targeted spending.
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Cement sector sees marginal growth of 2-3 pc in Q1FY25: Icra
The cement sector experienced a modest 2-3 per cent growth in Q1 due to a slowdown in construction during the Lok Sabha polls, but FY2024-25 is expected to see a 7-8 per cent increase driven by infrastructure and housing demand. Top players are set to consolidate, expanding capacity and improving operating profits by 1-3 per cent from softened raw materials prices. Cement makers are also increasing green power usage to reduce emissions by 15-17 per cent in the coming years.
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Q-comm audits; modest Q1 for IT firms
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.
Morgan Stanley playing India's infra boom with these 4 stocks
Morgan Stanley expects a 15.3% CAGR in India's infrastructure investments, leading to $1.45 trillion spending over 5 years. They highlight the impact of PM Gati Shakti on project execution and efficiency improvements.
Nalco Q4 Results: Profit jumps two-fold YoY to Rs 996.7 cr
State-owned Nalco on Monday reported two-fold rise in consolidated profit to Rs 996.74 crore for the March quarter on the back of lower expenses. The company had posted a consolidated profit of Rs 495 crore in the March quarter of FY23, National Aluminium Company Ltd (Nalco) said in a filing to the BSE.
PSU railway stocks rally up to 8%. What’s the good news?
Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.
Titagargh Rail shares surge 10% after robust Q4 results
Titagarh Rail Systems saw a notable surge of 10% in its shares on Thursday, reaching a peak of Rs 1,216 on the Bombay Stock Exchange (BSE). This increase followed the company's announcement of a substantial year-on-year (YoY) rise in net profit for Q4FY24, amounting to Rs 78.95 crore, marking a 63.7% increase.
Shree Cement Q4 Results: Net profit up over a fifth to Rs 662 crore, EBITDA at all-time high
The country’s third-largest producer of cement, in terms of capacity, saw its net revenue from operations rise 7% on year to Rs 5,101 crore. The relatively lower growth in revenue as compared to the sales growth indicates that the company, too, felt the impact of weaker pricing.
Orient Electric Q4 Results: Profit slides 48% YoY as mounting expenses offset demand
Appliances maker Orient Electric on Thursday reported a 48% fall in its fourth-quarter profit as higher expenses offset demand.
Orient Electric Q4 Results: Profit falls as mounting expenses offset demand
New Delhi-based Orient reported a net profit of 128 million rupees ($1.5 million) for the three months ended March 31, compared with 246.2 million rupees a year earlier.
IRB Infra shares rise over 4% after Q4 results. Should you buy or sell?
IRB Infrastructure Developers saw a 4.3% rise in shares on BSE as it reported a 45% YoY increase in Q4 net profit to Rs 188.9 crore, with revenue up 27% YoY.
RailTel Q4 Results: Net profit rises 3% YoY to Rs 77.5 crore, total income at Rs 852 cr
The Mini Ratna company under the Railway Ministry reported a total income of Rs 852 crore for the last quarter of 2023-24 against Rs 707.29 crore in the year-ago period, according to an exchange filing.
Orient Cement Q4 Results: Net profit rises marginally to Rs 68 crore
CK Birla group firm Orient Cement Ltd on Wednesday reported an increase of 1.21 per cent in net profit to Rs 68.19 crore for the March quarter. The company reported a net profit of Rs 67.37 crore for the January-March period a year ago, Orient Cement Ltd (OCL) said in a regulator filing.
Tata Consumer Q4 Results: Standalone net profit falls 47% YoY to Rs 144.81 crore
The company attributed the fall in net profit to higher exceptional costs such as Rs 72 crore as an impairment of investment in the subsidiary and Rs 53 crore as a fair value loss on financial instruments. The company’s consolidated net profit for the financial year ended March 2024 fell 4.4% to Rs 1150.33 crore from a year ago. The revenue increased by 10.3% to Rs 15205.85 crore compared to the same period.
Smallcap defence stock zooms 13% after Mukul Agrawal picks 1% stake
Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.
Q4 Results Today: Infosys, Bajaj Auto among 19 companies on watchlist
19 companies, incl. Infosys, Bajaj Auto, HDFC Life, to announce March quarter results today. Infosys expects 0.4% revenue decline, flat profit growth. Bajaj Auto sees 25% volume growth.
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