SKIL INFRASTRUCTURE LTD Q1 RESULTS
Pankaj Pandey on 2 sectors that are likely to see strong Q1 earnings
Raymond specifically, we do not have a coverage. But I think you have very few stocks which can be bought at current levels in real estate given the price appreciation a lot of these stocks have seen. So, some bit of a time correction or price correction is what we are waiting for.
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.
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.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
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.
RITES Q4 Results: Net profit marginally falls to Rs 137 crore
RITES Ltd reported a 1.59% decline in net profit to Rs 136.67 crore for the March quarter due to a decrease in revenues.
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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.
India Cements Q4 Results: Net loss narrows to Rs 50.06 crore
The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.
Oberoi Realty shares jump 9% to new all-time high after 65% increase in net profit. Should you invest?
Oberoi Realty's shares surged by 9% to reach a new 52-week high of Rs 1,712.30 following the company's announcement of a 65% year-on-year (YoY) increase in its Q4 profit, reaching Rs 788 crore.
MakeMyTrip Q4 Results: Company posts profit of $ 171.9 million up from $ 5.4 million a year ago
MakeMyTrip reported a revenue of $ 782.5 million for financial 2024, up from $ 593 million in fiscal year 2023. The company posted a revenue of $ 202.9 million in the fourth quarter of financial year 2024, up from $ 148.5 million in quarter four of financial year 2023.
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.
Shree Cement Q4 Results: PAT jumps 28% YoY to Rs 526 crore; Rs 55/sh dividend declared
On Tuesday, Shree Cement announced a significant 28% year-on-year increase in its consolidated net profit, reaching Rs 675 crore for the quarter ending March 31, 2024, compared to Rs 526 crore reported in the same period last fiscal year.
SBI Q4 net profit surges 24% to a record
Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ₹1,700-crore buffer for any future pension needs.
Asian Paints Q4 Results: Weak demand drags company’s sales, profit below view
Weak demand ahead of the general elections, along with price cuts taken by the company amid intense competition weighed on the March quarter earnings of Asian Paints, dragging its sales and profit below estimate.
Ajmera Realty Q4 Results: Net profit jumps 44% YoY to Rs 103 crore; sales value sees two-fold jump
Real estate developer Ajmera Realty & Infrastructure has reported 44% on-year increase in net profit for the financial year 2023-24 at Rs 103 crore on the back of robust growth in bookings.
L&T Q4 Results: Profit jumps 10% YoY to Rs 4,396 crore; dividend declared at Rs 28/share
L&T Q4 Results: The Board has also recommended a final dividend of Rs 28 per share of the face value Rs 2 each for the financial year ended March 2024. L&T received orders worth Rs 3.02 lakh crore at the group level during the year ended March 2024, registering a 31% YoY growth.
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.
Pidilite Industries' Q4 Results: Profit rises 6% to Rs 301 crore on lower costs
India's Pidilite Industries , which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
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.
JSW Infrastructure Q4 Results: Net profit rises 9% to Rs 329 crore
JSW Infrastructure on Friday reported 9 per cent increase in consolidated net profit to Rs 329 crore for the fourth quarter ended March 2024. The company had clocked a profit of Rs 302.26 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
Adani Enterprises Q4 Results: Cons PAT declines 38% YoY to Rs 451 crore
Adani Enterprises Q4 Results: The company's board has recommended a dividend of Rs 1.30 per equity share for the financial year 2023-24. The consolidated revenue from operations for the reporting quarter stood at Rs 29,180 crore, marginally up by 0.81%.
Adani Enterprises Q4 Results: Net profit plunges 39% YoY to Rs 449 crore on exceptional loss
Adani Enterprises’ consolidated net profit slipped two-fifth on year to Rs 449 crore in the March quarter, bogged down by a one-time loss in its airport operations, and due to higher costs.
Ambuja Cements Q4 Results: Profit doubles to to Rs 1,526 crore on volume growth, cost optimization
Ambuja Cements’ consolidated net profit for the March quarter nearly doubled on year to Rs 1,526 crore aided by a robust volume growth and cost reduction.
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%.
Birlasoft Q4 Results: Net profit jumps 60% YoY to Rs 180 crore
The growth in profit in Q4 comes on the back of a surge in non-core income, a slight increase in operating margin and a decline in employee expenses. Operating margin jacked up by 33 bps (3.8% QoQ) to end at 14.7% in the final quarter of FY24.
Indian Hotels well placed to benefit from rising travel demand
In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25.
Tata Elxsi Q4 Results: Net down 4.5% QoQ to Rs 197 crore; company added 1,500 employees in FY24
The engineering service provider also saw its Q4 revenue at Rs. 905.9 crore, down by 0.9% QoQ. This the first time after Q1 of FY21, where the company saw a sequential revenue decline. For the full fiscal its revenue grew by 13% on-year at Rs 3,552 crore.
Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore
The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
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