Page 3 - Earnings

From Reliance to Unilever, firms worried about low consumer demand in India

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

Indian small-caps run risk of extended selloff amid slowing earnings

Key gauges of small- and mid-sized companies have tumbled since hitting September highs, putting them close to a so-called technical correction of a 10 per cent peak-to-trough decline

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

Pay of CXOs, other KMP rose 3.9% to Rs 8,304 cr in FY24, least in 4 years

This can be attributed to increased share of ESOPs in remuneration packages

Valor Estate Q1 result: Loss narrows to Rs 13.6 crore on higher expenses

Realty firm Valor Estate Ltd has posted a consolidated net loss of Rs 13.60 crore in the first quarter of this fiscal year on higher expenses and eyes Rs 6,000 crore revenue from joint developments with L&T Realty and Lodha Group. Its net loss stood at Rs 22.54 crore in the year-ago period. Total income rose to Rs 93.12 crore in April-June period of this fiscal year from Rs 8.69 crore in the year-ago period, according to a regulatory filing on Augsut 13. The company's total expenses jumped to Rs 108.99 crore from Rs 33.06 crore. Valor Estate Ltd, formerly DB Realty Ltd, is one of the leading real estate developers in Mumbai, has an existing portfolio of 100 million square fete of real estate, and is focusing on residential and commercial developments. The company said it has "recently executed binding agreements...with L&T Realty and Lodha Group to develop 5.7 million square feet carpet area with Rs 6,000 crore potential revenue to Valor Estate". Shahid Balwa, Vice Chairman ...

Oyo posts first-ever annual profit of Rs 229 crore in FY24, eyes expansion

The company's total costs decreased by about 13 per cent to Rs 4,500 crore in FY24 from Rs 5,207 crore in the previous year

Black Box Q1 result: Net profit up 55% at Rs 37 cr on improved deal margins

Revenue from operations declined by 9 per cent, falling to Rs 1,423 crore compared to Rs 1,571 crore in the corresponding quarter of the previous year

Delhivery expects to drive on with seasonal uptick, new business growth

Most brokerages are positive about logistics company, expect it to sustain profits

Blue Star Q1 result: Profit up two-fold at Rs 168.76 cr, revenue up 28.7%

Air condition and commercial refrigeration system maker Blue Star Ltd has reported a two-fold increase in consolidated net profit at Rs 168.76 crore in the first quarter ended June 2024, helped by a robust demand of cooling products and cost management efforts. The company had posted a net profit of Rs 83.37 crore in the April-June quarter of the previous fiscal, Blue Star said in a regulatory filing. Its revenue from operations was up 28.72 per cent to Rs 2,865.37 crore in the June quarter. It was at Rs 2,222.60 crore in the year-ago period. Blue Star's total expenses increased 25.51 per cent to Rs 2,663.20 crore in the June quarter. Its total income in the June quarter was at Rs 2,889.14 crore, up 29.24 per cent. Blue Star delivered an "exceptional business performance" in the first quarter of FY25," according to an earnings statement by the company on Tuesday. "During the quarter, the company's revenue and profit growth were driven by robust demand for its diverse product port

Lupin Q1 result: Profit jumps 77% to Rs 801 cr on strong performance

On a sequential basis, the company exhibited a significant 122.9 per cent increase in PAT, with revenue also increasing by 12.6 per cent

M&M Q1 results: Adjusted profit jumps 23% on strong car and tractor sales

BENGALURU (Reuters) - India's Mahindra & Mahindra (M&M), on Wednesday, reported a 23% jump in adjusted profit for the first quarter, helped by an increase in sales of its sport utility vehicles (SUVs) and a rebound in demand for tractors.

Lufthansa forecasts lower earnings in Q3 as yields slump, costs rise

Lufthansa shares are down around 25 per cent over the last six months as it continues to struggle to recover its balance sheet

Starbucks' efficiency gains bolster profit even as China, US drag sales

Starbucks this year rolled out its Siren System plan, which included updating its equipment to increase the pace of service at its stores, as the company turns to discounts and promotions

Arvind Q1 result: Retailer's profit slips 40% as textile demand falls

Indian textile manufacturers were met with weak demand environment throughout fiscal year 2024, as consumers were weary of spending on discretionary items

Fed rate decision, Q1 earnings to drive stock markets this week: Analysts

The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in global oil prices for further cues. "This week, the focus will shift to global cues, particularly the US markets, Santosh Meena, Head of Research, Swastika Investmart Ltd said. The US Federal Reserve is set to announce its interest rate decision on July 31, which will be crucial as the market anticipates a potential rate cut soon this year. Additionally, other macroeconomic data from the US and China will be closely monitored. On the domestic front, Q1 earnings will remain a key trigger, with many large companies scheduled to report their results," Meena said. GAIL, Adani Power, Bank of Baroda, BHEL, Coal India, M&M, Maruti, Tata Steel, Adani Enterprises and Tata Motors are among the companies which will announce quarterly ...

Budget, earnings, global trends to drive stock markets this week: Analysts

The outcome of the Union Budget, quarterly earnings from corporates and global trends are the major factors to drive stock market sentiments this week, analysts said. Besides, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude are also crucial aspects to watch out for. "The upcoming Union Budget on July 23, 2024, has become the next focal point for the market, with high expectations for growth-oriented policies. Several factors will influence the market direction, including Q1 FY25 earnings, domestic and global economic data, and broader global market trends. "Market sentiment will be closely monitored by observing foreign and domestic institutional investor activity (FII and DII) and crude oil prices," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Among blue-chip firms Bajaj Finance, Hindustan Unilever, Axis Bank, Bajaj Finserv, Larsen & Toubro, DLF, Tech Mahindra and Nestle will announce .

Oberoi Realty Q1: Net profit jumps 82% to Rs 584.51 cr on higher revenue

Oberoi Realty Ltd has reported an 82 per cent increase in its consolidated net profit to Rs 584.51 crore for the first quarter of the current fiscal on higher income. Its net profit stood at Rs 321.64 crore in the year-ago period. The total income also rose to Rs 1,441.95 crore in the April-June period of 2024-25 from Rs 933.56 crore in the corresponding period of the previous year, according to a regulatory filing on Friday. Vikas Oberoi, Chairman and Managing Director, Oberoi Realty, said, "India continues to be the fastest growing major economy, effectively managing global challenges by leveraging its solid economic foundations and proactive policymaking for growth". The Indian real estate market has witnessed strong demand across various segments, solidifying its position as the preferred investment avenue, he added. "We are pleased to announce another successful quarter, driven by healthy demand in the luxury real estate market with homeowners constantly looking to elevate th

Angel One Q1 results: Profit rises 32.6% to Rs 293 cr as orders jump

Consolidated profit increased by 32.6% year-on-year to Rs 293 crore ($35.1 million) in the three months to June 30

Airways major Lufthansa slashes 2024 profit target for a second time

Equity analysts said Lufthansa's decision was not surprising, given its cost challenges linked to strikes earlier this year and delivery delays from plane manufacturers

JTL Industries Q1 results: Net profit increases 21% to Rs 31 crore

Steel pipes maker JTL Industries Ltd on Wednesday reported a 21 per cent rise in its net profit at Rs 30.70 crore for the quarter ended June 30, aided by higher revenues. It had posted a profit of Rs 25.36 crore in the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing. Its revenue from operations rose to Rs 515.37 crore from Rs 504.80 crore in the year-ago quarter. The company's expenses were Rs 478.83 crore against Rs 471.66 crore a year ago. JTL Industries is a leading producer of electric resistance welded steel pipes with a production capacity of more than 6 lakh metric tonnes per year.