SANGAL PAPERS LTD Q1 RESULTS
TCS Q1 results; Pine Labs, Swiggy valuations slashed
Indian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on today's ETtech Top 5.
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.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
ITC Q4 Results: Profit falls marginally to Rs 5,120 crore, misses estimates
ITC Q4 Results: Revenue from operations rose 2% year-on-year (YoY) to Rs 19,446 crore in the January-March 2024 period, compared with Rs 19,058 crore in the corresponding period of last year. The Board has also recommended a final dividend of Rs 7.50/share for the financial year ended March.
ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract
Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year increase, with the hotels segment expected to perform strongly. In the previous December quarter, ITC recorded a 6% rise in consolidated net profit, amounting to Rs 5,335 crore.
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PlayStation 5/4, Xbox X/S, Nintendo Switch, PC video games this week: Full list, release dates, key details
Gamers will have two new video games to play on PlayStation 5/4, Xbox X/S, Nintendo Switch, iOS, Android and PC platforms.
10 Best Laminating Machines Under 2000 in India
If you are looking for an affordable yet efficient laminating machine under 2000, your search ends here! This curated list features the 10 best laminators that combine quality performance with budget-friendly pricing. From compact designs perfect for home use to versatile options ideal for office settings, these machines offer a range of features such as quick warm-up times, jam release functions, and compatibility with various laminating pouch thicknesses. With this article, finding the perfect laminating machine within your budget has never been easier.
Andhra Papers announces 1:5 stock split; posts Q4 profit of Rs 38 crore
Andhra Papers' fourth-quarter profit after tax was reported at Rs 38.4 crore, a 75% decline against Rs 153.9 crore reported for the same period last year. The company stated that the reason behind the decision to split the stock is to facilitate a larger shareholder base, boost liquidity in the capital market and to make the shares more affordable to small retail investors.
Repco Home Finance Q4 Results: Profit jumps 32% YoY to Rs 82 crore
Total income for the quarter stood at Rs 397 crore against Rs 344 crore while net interest income was 11% higher at Rs 172 crore against Rs 155 crore.
Tamilnad Mercantile Bank Q4 Results: Net profit flat at Rs 253 crore
Operating profit for the quarter was lower at Rs 367 crore as compared to Rs 404 crore. Net interest income during the quarter was however 5.6% higher over the year-ago period. The board of the bank recommended a 100% dividend, or Rs 10 per share for FY24.
Kesoram Q4 Results: Net loss widens to Rs 244 crore
B K Birla Group company Kesoram Industries Ltd on Monday posted a consolidated net loss of Rs 244.42 crore for the quarter ended March 2024, despite higher sales. The cement maker's net loss in the fourth quarter of the 2023-24 fiscal (FY'24) has widened from Rs 48.86 crore in the corresponding quarter of the previous year.
Walmart's earnings shine as it preps $2.3-billion Vizio acquisition
Shares in the retail giant rose 6% to a record high of $180.31 in early trading after it also gave an upbeat annual sales forecast and announced a 9% rise in its dividend, the biggest increase in more than a decade.
Q3 results today: Nestle, Tata Consumer, Trent among 190 companies to announce earnings
On Tuesday, Nearly 160 companies will be announcing their December quarter earnings including the likes of Britannia Industries and FSN E-Commerce Ventures which operates Nykaa brand.
Hurricane category 6 to hit soon? Here's what research paper has claimed
Hurricane category 6 is not a reality so far but a research paper has suggested there should be Category 6 in the scale.
ITC shares fall 1.5% on operationally weak Q3 earnings. Should you buy stock?
ITC Share Price: ITC reported a 6% growth in its consolidated net profit at Rs 5,335 crore for the quarter ended December. The same stood at Rs 5,006 crore in the year-ago period. The profit beat the ET Now Poll expectation of Rs 5,072 crore.
ITC Q3 Results: Net profit rises 11% YoY to Rs 5,572 crore
ITC Ltd on Monday reported 10.8% year-on-year growth in net profit at Rs 5,572 crore for the third quarter ending December ’23, while gross revenue went up by 2.1% to Rs 17,483 crore. Both revenue and profit exceeded street estimates.
ITC Q3 Results: Profit rises 6% YoY to Rs 5,335 crore; dividend declared at Rs 6.25/share
ITC Q3 Results: Revenue from operations in the said quarter increased 2% year-on-year (YoY) to Rs 19,484 crore.
ITC Q3 results today: What to expect from the flour-to-cigarette maker?
ITC Ltd is set to release its earnings for the December quarter today. Investors will be focusing on the performance of the cigarette business, FMCG vertical, and hotels segment. Steady volume growth in cigarettes and non-cigarette FMCG, along with strong traction in hotels, is expected to support the conglomerate's quarterly performance. However, the agri and paper and paperboards businesses are likely to have been sluggish, potentially impacting overall revenue growth.
ITC Q3 Results Preview: PAT may rise 2% YoY; cigarette sales volume seen steady
FMCG major ITC is seen reporting a nearly 5% YoY growth in revenue for the quarter ended December to Rs 17,016 crore, according to the average of estimates given by eight brokerages. The company's EBITDA is likely to increase 2.5% YoY to Rs 6,378 crore, and the profit may grow 2% to Rs 5,137 crore
Bank of America Q4 Results: Profit falls on $3.7 billion in charges
Its net interest income (NII) - the difference between what banks earn from loans and pay to depositors - fell 5% to $13.9 billion as the company spent more to keep customer deposits and demand for loans stayed subdued amid high interest rates.
ITC Q2 Results: Profit rises 10% YoY to Rs 4,927 crore; beats estimates
ITC's revenue from operations for the quarter ended September, excluding excise duty, increased 2.6% YoY to Rs 16,550 crore. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose a mere 1% YoY Rs 4,886.54 crore. Operating margin shrank 44 basis points on year to 29.53%. Cigarette business revenue grew 10% on year in the quarter to Rs 7,658 crore.
ITC Q2 Preview: Mid-single-digit revenue growth seen on subdued paper, agri biz
ITC Q2 Preview: Diversified conglomerate ITC is expected to post mid-single-digit revenue growth in the September quarter due to subdued performance in papers and agri businesses. Revenue for the quarter is seen growing 4%, according to an average estimate of five brokerages. Net profit, meanwhile, is likely to rise by 8%.
BofA profit beats estimates on higher interest income, investment banking gains
The U.S. economy has shown resilience despite rising interest rates as a hot job market and healthy finances prompt consumers to spend on goods, travel and other activities, keeping most businesses including banks in strong shape.
ITC's first quarter has no spark to ignite another rally
Subdued demand both in domestic and export markets, competition from low priced Chinese supplies in global markets, sharp reduction in global pulp prices and high-base effect impacted its performance. Lower realisations and increase in input costs impacted the segment's profitability.
Brookfield India REIT Q1 Results: Net operating income at Rs 245 cr, distribution at Rs 164 cr
Brookfield India REIT has achieved gross leasing of 2.98 lakh sq ft during the quarter including 63,000 sf of new leasing and 2.35 sq ft of renewals. The REIT witnessed average escalation of 9.1% on 1.7 million sq ft leased area.
ITC Q1 Preview: PAT may rise 15% YoY despite muted sales; cigarette ops show steady growth
The higher growth in the profit despite a muted topline is primarily due to ITC’s higher dependence on the cigarette business. Despite a scale-up in the FMCG business, cigarettes constitute close to 70% of ITC’s profit and about 45% of its revenue.
India's Pidilite Industries posts Q1 profit rise on strong demand, easing costs
The company, also known for its waterproofing product Dr. Fixit and paper-to-paper sticking adhesive Fevistik, said raw material costs dropped nearly 13% to 13.66 billion rupees.
JK Paper Q1 Results: Net profit rises 18% to Rs 313 crore
JK Paper Vice Chairman & Managing Director Harsh Pati Singhania said, "On a consolidated basis, the results have improved due to the acquisition of corrugation business in the last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation."
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