Page 6 - Earnings

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

HDFC Bank's Q1 net profit rises 19% to Rs 9,195.99 cr, NII grows 14.5%

The bank's pre-provision operating profit was at Rs 15,367.8 crore in Q1FY23

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

Railway brings assets online, to hold e-auction for commercial earning, NFR

These assets will be mapped location-wise on the portal once and the system will remember forever if it is covered for earning or not.

Tata Consumer Products Q4 net profit up three fold to Rs 239 crore

Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March

Credit Suisse posts another quarter of loss, rejigs top team

The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by legal expenses

Microsoft shares up by 3.5% after earnings topped analysts' projections

Revenue in the third quarter, which ended March 31, rose 18 per cent to $49.4 billion, the software maker said Tuesday in a statement. Net income rose to $16.7 billion, or $2.22 a share

Big YouTube miss yanks down Alphabet earnings and revenue

The world's largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people online

Tesla earnings jump over 7 times in first quarter as users pay more

Musk optimistic about overcoming supply issues, foresees a big 2022 production gain

L&T Technology Services net profit grows 35% to Rs 262 crore in Q4

L&T Technology Services on Thursday reported an increase of 34.7 per cent in consolidated net profit to Rs 262 crore for the quarter ended March 2022. The company had posted a net profit of Rs 194.5 crore in the same period a year ago. "We achieved several milestones in FY22 a dollar revenue growth of 20 per cent in constant currency, record high operating margins, and more than three-fold increase in patents filed by our engineers. "Our growth was broad based with all five segments growing in double digits and showing an improvement in operating margins,'' L&T Technology Services (LTTS) CEO and Managing Director Amit Chadha said in a statement. The consolidated revenue from operations grew by about 22 per cent to Rs 1,756.1 crore from Rs 1,440.5 crore in the March 2021 quarter. "...In the fourth quarter, we won a USD 100 million plus deal in the EACV (electric autonomous connected vehicles) space - being chosen as the strategic engineering partner for a new age electric VTOL

Infosys Q4 preview: Will high costs dent margin? What top brokerages expect

Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.

Twitter introduces 'Creator Dashboard' tool to manage earnings on platform

Micro-blogging site Twitter has introduced a new tool for creators called the "Creator Dashboard" to analyze how they make money on the platform