Page 6 - Earnings

Mindspace REIT's Q2 net operating income jumps 18% to Rs 491 crore

Mindspace Business Parks REIT has posted an 18 per cent increase in its net operating income (NOI) to Rs 491 crore for the second quarter of this fiscal. Its NOI stood at Rs 417 crore in the year-ago period. The revenue from operation rose 21 per cent to Rs 600 crore in the July-September period from Rs 497 crore in the corresponding period of the previous year, according to a regulatory filing on Monday. Mindspace REIT has declared a distribution of Rs 284 crore or Rs 4.79 per unit for the second quarter of this fiscal. Of this, around 90 per cent is in the form of dividends, tax-exempt in the hands of unitholders. Ramesh Nair, Chief Executive Officer of K Raheja Corp Investment Managers, the manager of Mindspace REIT, said, "We have had a good quarter in terms of NOI growth". "India's tech prominence and growing office space demand, driven by GCCs, is promising, and the IT industry considering a return to a 5-day office week is encouraging. "While short-term challenges are exp

Fed rate decision, macroeco data, earnings to dictate mkt trends: Analysts

The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. "All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields. Additionally, the policy decisions of the Bank of Japan will be closely watched. "Beyond these key events, global factors will also play a crucial role. Economic data releases from the US and China, as well as the ever-changing geopolitical situation, will influence market sentiment," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Among firms to announce their earnings this week are Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Ste

McDonald's India franchisee Westlife's PAT falls to Rs 22.37 cr in Q2FY24

The franchisee said consolidated net profit after tax fell to Rs 22.37 crore ($2.7 million) in the July-September quarter from Rs 31.54 crore a year earlier

It's time for bottom-up stock picking, says Anand Rathi's Varun Saboo

"The Indian economy and the fundamentals of India Inc are standout, but valuations, on the whole, have become rich," Saboo says

Jawan box office collection Day 4: SRK movie to soon cross 400 cr mark

SRK's Jawan is doing phenomenal business at the box office and has earned Rs 384.69 crore in just four days. Jawan has already become one of the highest-grossing movies of the year

10 best side hustle ideas to earn extra money every month in 2023

Side hustles are the best way to make some extra money at home without quitting your existing full-time job. You can earn good money in your spare time. Here are the 10 side hustle ideas

Zomato Q1FY24 results: Food delivery platform reports net profit of Rs 2 cr

Zomato's revenue from operations rose nearly 70.86% YoY to Rs 2,416 crore from Rs 1,414 crore last year

Zydus Wellness Q1 results: Net profit falls 19.41% YoY to Rs 11,040 cr

Zydus Wellness' revenue from operations fell nearly 0.89% YoY to Rs 69,920 crore from Rs 69,300 crore last year

Varun Beverages Q2 results: Net profit rises 26.2% YoY, revenue up 13.5%

The company's revenue from operations was up 13.5 per cent to Rs 56,997.34 crore from Rs 50,175.75 crore in the June quarter last year

Macroeconomic data, global trends, earnings to guide mkt trends: Analysts

Domestic macroeconomic data announcements, global trends, quarterly earnings and foreign fund trading activity would dictate terms in the equity markets this week, analysts said. Besides, movement of rupee against the US dollar and global oil benchmark Brent crude price would also guide the trading pattern in the equity markets. "From a macroeconomic perspective, market participants will be closely observing key events like the upcoming release of the US manufacturing PMI data, US services PMI data and US non-farm payrolls scheduled between August 1 and August 4. "These indicators can provide valuable insights into the state of the global economy and may impact market sentiment. Additionally, institutional activity will also have a significant impact on market trends," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Among domestic macroeconomic numbers, PMI data for manufacturing and services sectors will be announced on Tuesday and Thursday, respectively. Ad

Bajaj Finserv Q1 results: Net profit jumps 48.3% YoY to Rs 1,942.63 crore

The company's revenue from operations rose nearly 46.5% YoY to Rs 23,279.98 crore from Rs 15.888.26 crore last year

Bajaj Finance Q1FY24 results: PAT rises 32% YoY to Rs 3,437 crore

Bajaj Finance's total revenue from operations grew 34.6% YoY to Rs 12,497.81 crore from Rs 9,284.26 crore

HDFC AMC Q1 results: Net profit up 51.98%, revenue from ops rises 10.15%

HDFC Asset Management Company's Q1 revenue grew 10.15% YoY Rs 574.54 crore

Glenmark Life Sciences Q1FY24 results: Net profit up 24.5% to Rs 135.4 cr

The company's revenue from operations rose 18.08% to Rs 578.4 crore from Rs 489.8 crore in the quarter that ended on June 30

Big tech earnings to offer reality check to investors over AI hype

Earnings misses on already revised-down estimates could threaten stock prices even as any guidance updates are scrutinized by the market

Inflation data, earnings, global cues to guide market this week: Analysts

WPI inflation data for March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said. Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar. Wholesale Price Index (WPI) inflation data for March would be released on Monday. "Trend in global markets, domestic and global macroeconomic data, crude oil prices and movement of the rupee against the dollar will dictate the trend this week," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd. HCL Technologies, Hindustan Zinc, Tata Coffee and Tata Communications are some of the major firms that will announce their quarterly earnings this week. "Focus will be on earnings and global markets for cues. On the earnings front, participants will first react to Infosys and HDFC Bank's numbers in early trade on Monday," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, .

OMC marketing earnings expected to rise in fourth quarter, say analysts

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

BioNTech Q3 earnings drop but forecast for vaccine revenue grows

BioNTech, which teamed with Pfizer to develop a powerful COVID-19 vaccine, reported that its earnings in the third quarter were close to half what they were a year earlier, but the German pharmaceutical company still raised its expectations for vaccine revenue after rolling out updated shots targeting omicron strains. The company said Monday that it made net profit of 1.8 billion euros (USD 1.8 billion) off revenue of 3.5 billion euros (USD 3.5 billion) in the three months to September, a drop from profit of 3.2 billion euros and revenue of 6.1 billion euros in the same period a year ago. BioNTech said the course of the pandemic remains dynamic and led to fluctuations" in earnings. Profit and revenue were largely flat in the first nine months of the year. Thanks to our strong execution in the third quarter of 2022, we updated our COVID-19 vaccine revenue guidance for the year 2022 to the upper end of the original range," said Jens Holstein, CFO of BioNTech. We started shipments of o

US markets could head lower as earnings downgrades pick up pace: Chris Wood

Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings

More than 100,000 British workers off sick with long Covid, earnings hit

Around 110,000 British workers are off sick with long Covid symptoms, costing them £1,100 ($1,320) in lost earnings at a time of an escalating cost of living crisis, new research shows