UNION BANK OF INDIA Q3 RESULTS

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.

Q4 results: Stable costs boost India Inc. profits

Steady costs and firm domestic demand supported corporate performance in the March quarter.

Modi 3.0: How different will be the third Modi government

Narendra Modi is scheduled to take take oath for the third term as India's Prime Minister in a changed political landscape. Allies demand concessions, potentially affecting economic agenda. Expectations for populist budget with focus on welfare and rural areas, though concerns raised over economic impact. Reform agenda may face challenges due to weakened mandate, but continuity likely in infrastructure investment and business environment improvements.

Will an empowered Modi bring back a big-bang reform?

If exit polls are accurate and Prime Minister Narendra Modi returns to power with a strong majority, major economic reforms are expected. This might include revisiting land acquisition laws to facilitate industrial growth. Land reforms are crucial for India's manufacturing ambitions. Digitisation of land records could streamline processes and accelerate development projects.

Modi 3.0 boost! PSU banks soar up to 12% as exit polls signal BJP-led NDA's majority

PSU bank stocks rallied on the BSE after exit polls favoured the BJP-led NDA in the upcoming Lok Sabha election, with significant gains for Bank of Baroda, Indian Overseas Bank, SBI, Canara Bank, and Indian Bank.

Nifty May poll vault above 23,110 life-high

Nifty is expected to cross its current all-time high of 23,110 early this week driven by optimism around the exit polls that is hinting at the BJP-led NDAreturning to power with a strong majority. Analysts expect short covering if Nifty holds above the 21,821 zone. Bajaj Auto, Britannia, Coal India, HDFCBank, Union Bank, Fortis, Indus Towers, Dixon and BHEL are some of the stocks recommended by the analysts for short-term trading

Brigade Enterprises Q4 Results: Profit jumps nearly 3-fold to 206 crore

Realty firm Brigade Enterprises Ltd on Tuesday reported a nearly three-fold jump in consolidated net profit to Rs 206.09 crore for the March quarter on the back of higher income. Its net profit stood at Rs 69.25 crore in the year-ago period.

SBI, Tata Motors among 5 most-profitable companies on Dalal Street

3M India Q4 Results: 'Post-it' maker posts profit rise; shares surge

3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge

Government to get Rs 3,662 crore from LIC as dividend

The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.

Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share

Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.

Paytm shares drop 3% after Q4 results. Should You buy or sell?

Paytm's Q4 results show widened losses and reduced revenue, impacted by disruptions and regulatory actions. Analysts vary: Bernstein sees signs of recovery, Macquarie remains cautious, Motilal Oswal maintains a neutral stance, while JM Financial advises selling.

Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY

Paytm Q4 Results: The fintech major's March quarter results were impacted by temporary disruptions on account of the UPI transition and permanent disruption because of the payments bank embargo. The company said Payment Bank's products like Paytm wallet and FASTag were distributed but due to the current embargo, it anticipates a steady state of an annualised direct impact on EBITDA to be around Rs 500 crore.

Paytm among worst performing fintech stocks as earnings loom

Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”

City Union Bank Q4 Results: Net profit jumps 17% YoY to Rs 254.81 crore

Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages.

Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.

Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base

In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases to Rs 4,226 crore. Additionally, the revenue from operations for the quarter amounted to Rs 36,009 crore.

Union Bank and Bank of India shares drop up to 10% after Q4 results

Union Bank and Bank of India witnessed a 6-10% fall in their shares on Monday as their Q4 results fell short of expectations. Union Bank reported a 19% growth in net profit, while Bank of India's net profit increased by 7%.

Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday

59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.

PNB Q4 results: Net profit surges 160% YoY to Rs 3,010 crore; NII rises 9%

Public sector lender Punjab National Bank (PNB) on Thursday reported a 160% year-on-year (YoY) surge in Q4 net profit at Rs 3,010 crore, while the net interest income (NII) rose to Rs 10,363 crore in the quarter, rising 9% YoY.

SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates

​​SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore.

Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%

Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24

Q4 Results: Havells India, Central Bank of India and IndiaMart

Havells India has posted a PAT of Rs 449 crore, which is a 24% increase on a YoY basis while the company has recorded a YOY growth of 12% in its net revenue. The EBITDA grew by 80 bps, up from 10.9% to 11.7%.