Page 34 - Corporate Earnings

HDFC AMC Q2 results: Net profit rises 32% to Rs 577 cr, total income up 38%

HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC's profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24). Its total income rose 38 per cent to 1,058.19 crore in the July-September quarter from Rs 765.35 crore in the year-ago period, HDFC AMC said in a stock exchange filing. For the half-year ended September 2024, the company logged a PAT of Rs 1,180.37 crore and a total income of Rs 2,007 crore. Shares of HDFC AMC were trading 1.11 per cent higher at Rs 4533 on the BSE around 3 pm.

Axis Bank Q2 results preview: Analysts see modest profit growth, weak NIM

Axis Bank Q2 results: Domestic brokerage Motilal Oswal Financial estimates Axis Bank's Q2 profit after tax at Rs 6,630 crore, up 13 per cent Y-o-Y

Corporate earnings, inflation data key factors to drive markets: Analysts

Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added. "In the coming week, the market's direction will largely hinge on corporate earnings, with major companies like Reliance Industries, Infosys, HDFC Bank, Axis Bank, and HCL Technologies set to release their results, among others," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. From the macroeconomic front, investors will keep an eye on the CPI (consumer price index-based inflation) and WPI (wholesale price index-based) inflation data for September, scheduled to be announced on Monday. Investors will also closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows. Key domestic economic data, including CPI and WPI

Signature Global net debt up 4% in Q2 to Rs 1,020 cr; eyes to tap demand

Realty firm Signature Global's net debt rose by 4 per cent in September quarter to Rs 1,020 crore as it looks to expand business amid strong consumer demand for housing properties. The company's net debt stood at Rs 980 crore at the end of June quarter FY25. Earlier this week, Signature Global reported that it has achieved a nearly three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter on better demand for its housing projects. Its sale bookings or pre-sales stood at Rs 980 crore in the year-ago period. "Despite the 'shradhh' period, Q2, FY25 pre-sales amounted to Rs 27.8 billion, a 184 per cent increase against Q2, FY24," Signature Global had said in a regulatory filing. The company's sale bookings jumped over threefold to Rs 5,900 crore in April-September 2024-25 from Rs 1,860 crore in the year-ago period. Signature Global, which has a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in 2023-24 and has a target o

JPMorgan Chase profit falls on loan loss provisions in September quarter

Banks are building up stockpiles - which act as a safeguard when borrowers default on their loans - to typical levels as consumers deplete the savings they built up during the pandemic

Tata Elxsi Q2 results: PAT up 14.7%, driven by transportation segment

Shares of the company closed 1.9% higher ahead of results on Thursday

Market Close Highlights, Oct 10: Sensex adds 144 pts, Nifty nears 25,000; Banking shares shine

Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree

It has been stock picker's market since quite some time now: Rajesh Bhatia

Our emphasis is on careful stock selection within sectors, rather than making significant overweight or underweight sector bets, Bhatia said

Asset quality key monitorable going ahead for Cholamandalam Investment

The pre-provision operating profit or PPoP was up 14 per cent Q-o-Q, which led to a return on equity or RoE at about 19 per cent in Q1FY25 despite deterioration in asset quality

VinFast's loss widens in Q2 on impairment charge, higher sales cost

Selling expenses rose by 25.5% quarter-on-quarter due to increasing sales and marketing costs, coupled with asset impairments, according to the filing

NFRA issues revised audit standards to address deficient quality

The revised standards deal with special considerations that apply to an audit of group financial statements

Interarch Building Products Q1FY25: Net profit rises 5% to Rs 20.3 cr

Interarch Building Products Ltd has reported a 5 per cent increase in consolidated net profit at Rs 20.3 crore for the quarter ended June. Its net profit stood at Rs 19.4 crore in the year-ago period. Net revenue rose 3 per cent to Rs 303.4 crore in April-June period of this fiscal from Rs 293.7 crore in the corresponding period of the previous year, the company said in a statement on Thursday. Arvind Nanda, Managing Director, Interarch Building Products Ltd, said the order book as at end of August 24 stands at Rs 1,350 crore. "We have successfully inaugurated our 5th state-of-the-art PEB (Pre-Engineered Building) manufacturing plant in Athivaram, Andhra Pradesh. This marks the company's 4th fully integrated unit, designed to enhance production capabilities significantly," he said. The new plant, set to increase installed capacity by 60,000 tonne per annum over two phases, will raise the company's overall installed capacity to 2 lakh tonne per annum, Nanda said. "We expect to mai

Post-Covid boom in profits yet to show in India Inc capital expenditure

Corporate profits have grown at a CAGR of 32.4% since FY20 but firms' net fixed assets have grown at 8.6% CAGR in FY20-24

Tata Digital's FY24 losses narrow to Rs 1,200 crore, revenue doubles

The company also reported its gross merchandise value (GMV) at Rs 37,355 crore. There are 20.76 million transacting customers this year

How expensive are the Indian stock markets? A quick check on PE multiples

The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.

Rebel Food loss narrows to Rs 378 crore in FY24; revenue up 18.8%

Rebel Foods -- which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens -- has reported a narrowing of its consolidated loss to Rs 378.21 crore in FY24, according to financial data accessed by the business intelligence platform Tofler. Its revenue from operations rose 18.8 per cent to Rs 1,420.24 crore for the financial year ended March 31, 2024. In FY23, the company's net loss was Rs 656.55 crore, while its revenue stood at Rs 1,195.22 crore. Rebel Foods's other income in FY 24 was Rs 65.29 crore, up 2.81 per cent. Its total income was Rs 1,485.53 crore, up 18 per cent in 2023-24. The company's total expenses were Rs 1,857.03 crore in FY24 against Rs 1,827.04 crore for the financial year ended March 31, 2023. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is the world's largest internet restaurant company, having over 450 kitchens across 70 cities. It owns brands such as Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SL

Square Yards Q1FY25 results: PAT rises 66% to Rs 25 cr on high income

Square Yards, which is mainly into housing and home loan brokerage business, has reported 66 per cent increase in gross profit at Rs 25 crore for June quarter FY25 on higher income. Its gross profit stood at Rs 15 crore in the year-ago period. Total revenue rose 52 per cent to Rs 261 crore as against Rs 172 crore in the year-ago period. Out of the total revenue, the turnover of India business grew 49 per cent to Rs 217 crore. The company also has presence in Dubai market. "Q1 has consistently contributed 16-18 per cent of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of Rs 1,506 crore (USD 180 million)," stated Tanuj Shori, Founder and CEO, Square Yards.

P&G Q4 results: Profit after tax down 46% at Rs 81 cr on high spending

Procter & Gamble Hygiene and Health Care Ltd (PGHH) on Wednesday reported 46.40 per cent decline in profit after tax at Rs 81.06 crore for June quarter 2024 on account of increased spending. The company, which follows July-June financial year, had reported a profit after tax of Rs 151.24 crore in the corresponding quarter of the previous fiscal. However, PGHH's revenue from operations was at 931.75 crore as against Rs 852.53 crore a year ago. "PAT for the quarter was Rs 81 crore, with an increase in spending for demand generation to support innovation in healthcare and feminine care," said an earning statement from PGHH. Total expense was at Rs 826.78 crore, up 26 per cent year-on-year. Total income of the Proctor & Gamble entity, which has a portfolio of Vicks in healthcare and Whisper in feminine care, was up 8.86 per cent to Rs 939.06 crore. For the full year, PGHH's profit after tax was flat at Rs 675.02 crore as against Rs 678.14 crore in the previous year. "Reported PAT .

AI boom driving earnings growth for Europe's biggest industrial companies

Data center revenues for the six biggest electrical firms reached €20 billion ($22.2 billion) last year, double what they were five years earlier, according to Redburn Atlantic analyst James Moore

Palo Alto forecasts earnings above estimates on cybersecurity demand

Beginning this quarter, the company will give next-generation security annual recurring revenue as the key financial metric for revenue projections both quarterly and annually, CFO Dipak Golechha said