Business Standard

Q1 results

Q1 results to influence trading in mkts in holiday-shortened week: Analysts

Quarterly earnings from several blue-chip firms, including Infosys and Reliance Industries, global trends, along with trading activity of foreign investors, would act as the major driving factors for equity markets' movement in a holiday-shortened week ahead, analysts said. The domestic WPI inflation data for June -- scheduled to be announced on Monday -- will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. "Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, pre-Budget discussions are expected to contribute to market volatility," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. On the global front, a significant focus will be on China. The

Q1 results to influence trading in mkts in holiday-shortened week: Analysts
Updated On : 13 Jul 2024 | 7:34 PM IST

HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore

HCLTech maintained revenue guidance for FY25 at 3-5%

HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore
Updated On : 12 Jul 2024 | 11:58 PM IST

Rerating potential in Axis Bank stock, may be among top outperformers

Axis Bank may be capable of growing faster than peers and it may see a decline in operating expenses ratio from current levels

Rerating potential in Axis Bank stock, may be among top outperformers
Updated On : 12 Jul 2024 | 10:30 PM IST

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro

IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro
Updated On : 12 Jul 2024 | 10:32 AM IST

Sensex, Nifty Outlook July 12: Gap-up open likely post TCS Q1; Asia down

All you need to know before the market opens on Friday: GIFT Nifty hints at likely 100-point opening gain; TCS Q1 beat analyst expectation, Infy ADR jumped 3% in the US; Japan's Nikkei down over 2%.

Sensex, Nifty Outlook July 12: Gap-up open likely post TCS Q1; Asia down
Updated On : 12 Jul 2024 | 7:42 AM IST

TCS Q1 results: Net profit up 8.7%, margins rise despite salary hike

TCS meets estimates, but macro challenges persist; AI, genAI pipeline doubles

TCS Q1 results: Net profit up 8.7%, margins rise despite salary hike
Updated On : 11 Jul 2024 | 11:16 PM IST

Anand Rathi Wealth Q1 net profit surges 38%; Canara Robeco MF launches BAF

Total revenue also jumped 38 per cent to Rs 245 crore, the wealth management firm said

Anand Rathi Wealth Q1 net profit surges 38%; Canara Robeco MF launches BAF
Updated On : 11 Jul 2024 | 8:08 PM IST

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.

JTL Industries Q1 results: Net profit increases 21% to Rs 31 crore
Updated On : 10 Jul 2024 | 8:35 PM IST

Battery energy storage capacity grows over 4-fold to 219 MW in Q1: Report

India's battery energy storage capacity grew more than four-fold to 219 MWh as of March 2024, Mercom Capital said. As of March 2023, the overall battery energy storage capacity in India was at 47.6 megawatt hour (MWh), the US-based research firm said in its report on Wednesday. Policy measures such as deviation settlement mechanism, grid connectivity regulations, and ancillary services regulations are being issued to ensure efficient renewable integration and grid stability, it said. These measures are driving the demand for utility-scale energy storage, the report titled 'India's Energy Storage Landscape' said. The Viability Gap Funding (VGF) programme aims to install 4 GWh of battery energy storage system (BESS), supported by a budget of Rs 37.6 billion (USD 452 million). The VGF, energy storage obligations (ESO), and bidding guidelines for energy storage projects -- with or without renewable energy -- are boosting the country's pipeline of energy storage projects. As per the .

Battery energy storage capacity grows over 4-fold to 219 MW in Q1: Report
Updated On : 10 Jul 2024 | 4:43 PM IST

HCL Tech Q1 Preview: Weak deals, client spending to dent profits by 5-7%

According to analysts, HCL Tech is likely to report a revenue increase of 6-7 per cent year-on-year (Y-o-Y) between Rs 27,900 crore to Rs 28,034 crore

HCL Tech Q1 Preview: Weak deals, client spending to dent profits by 5-7%
Updated On : 10 Jul 2024 | 1:24 PM IST

TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%

Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25)

TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%
Updated On : 09 Jul 2024 | 2:43 PM IST

Results preview: FMCG firms likely to hitch a ride on rural uptick in Q1

Volume growth expected to witness a sequential recovery

Results preview: FMCG firms likely to hitch a ride on rural uptick in Q1
Updated On : 08 Jul 2024 | 10:45 PM IST

Ajmera Realty & Infra clocks 36% growth in Q1 sales bookings to Rs 306 cr

Ajmera Realty & Infra India Ltd on Monday reported a 36 per cent rise in its sales bookings to Rs 306 crore in the first quarter of this fiscal on better demand. The company had sold properties worth Rs 225 crore in the year-ago period. In a statement, Dhaval Ajmera, Director at Ajmera Realty & Infra India, said the company achieved robust growth of 36 per cent buoyed by the successful launch of its project 'Ajmera Vihara' at Bhandup in Mumbai. "Reflecting on FY24, it has indeed been a stellar year for us and Q1FY25 began with significant progress marching towards our full-year guidance. "Our achievements underscore our commitment to future growth and moving forward to an ambitious 5x growth strategy. Looking ahead, we are optimistic about our substantial pipeline of 7 new projects having estimated GDV (gross development value) of about Rs 4,300 crore," he said. Ajmera said the sector outlook remains positive. Ajmera Realty is one of the leading players in the Mumbai ...

Ajmera Realty & Infra clocks 36% growth in Q1 sales bookings to Rs 306 cr
Updated On : 08 Jul 2024 | 7:33 PM IST

FMCG makers expect single-digit revenue growth, margin improvements in Q1

Fast-moving consumer goods companies expect single-digit volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a "gradual improvement" in demand trends in the April-June quarter, which was on the expected lines. Home-grown FMCG maker Dabur expects to register mid to high single-digit growth in its consolidated revenue, supported by mid-single-digit volume growth in the domestic market. Marico said its consolidated revenue grew in high single digits in the June quarter, while the domestic business posted a "modest uptick in underlying volume growth" on a sequential basis. Adani Wilmar, which sells edible oils and has some play in the food products under Fortune brands, has also reported an overall 13 per cent volume growth in the June quarter. Its food and FMCG business volum

FMCG makers expect single-digit revenue growth, margin improvements in Q1
Updated On : 07 Jul 2024 | 11:56 AM IST

Marico's domestic biz reports modest volume rise in Q1; margins improve

Fast-moving consumer goods maker Marico on Friday said its domestic business posted a "modest uptick" in volume growth in the first quarter on a sequential basis and expects gross margin to expand year on year. The overall demand trends in the first quarter continued to exhibit gradual improvement on the expected lines, said Marico, which owns brands such as Saffola, Parachute, Hair & Care, Nihar and Livon, among others. The company recorded volume growth post adjustments in distributor stock levels and a certain degree of wholesale channel destocking to ensure smoother direct reach expansion, said Marico in its quarterly update for the first quarter. Key brands such as "Parachute Coconut Oil posted low single-digit volume growth in this quarter, but is likely to pick up visibly through the rest of the year given the consistently healthy trends in offtake growth", said Marico. While Saffola delivered mid-single-digit volume growth amidst marked stability in input and consumer ...

Marico's domestic biz reports modest volume rise in Q1; margins improve
Updated On : 05 Jul 2024 | 10:13 PM IST

Adani Wilmar reports 13% volume growth in June quarter, exports up 36%

Edible oil major Adani Wilmar on Friday said it has reported a 13 per cent volume growth in the June quarter. The double-digit growth was propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets, the company said in a business update. In the first quarter of the current fiscal, "the company achieved robust volume growth of 13 per cent YoY," the company said. Adani Wilmar has reported a 19 per cent year-on-year (YoY) volume growth in the first quarter from alternate channels such as e-commerce, quick commerce and modern trade channels. The company, which sells edible oils and some other food products under Fortune brands, has also strengthened the traditional channels as general trade. Besides, "the volume of our branded exports increased by 36 per cent in Q1," it added. In the edible oil segment, Adani Wilmar's business thrived due to robust execution in sales and distribution. Its food products business also ..

Adani Wilmar reports 13% volume growth in June quarter, exports up 36%
Updated On : 05 Jul 2024 | 10:13 PM IST

Federal Bank Q1 results; Advances up 20%, total deposits grow 19.6%

Retail credit book grows 25%, according to internal classification of the bank

Federal Bank Q1 results; Advances up 20%, total deposits grow 19.6%
Updated On : 03 Jul 2024 | 11:07 AM IST

Avenue Supermarts Q1 results: Revenue rises 18.4% to Rs 13,712 crore

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, has reported an 18.36 per cent increase in standalone revenue from operations to Rs 13,711.87 crore for the June quarter. The company had a revenue from operations of Rs 11,584.44 crore in the year-ago period, Avenue Supermarts informed the BSE in a regulatory filing on Tuesday. "Standalone revenue from operations for the quarter ended (QE) June 30, stood at Rs 13,711.87 crore," Avenue Supermarts said. The total number of stores as of June 30 stood at 371. This also includes one store in Rajkot, Gujarat, which is temporarily closed for customers, it added. The Damani family-promoted company also added the "standalone revenue from operations for QE June 30, 2024 given above is subject to limited review by the statutory auditors of the company." In the April-June quarter of FY23, Avenue Supermarts' standalone revenue was at Rs 9,806.89 crore. Promoted by Radhakishan Damani and his family, DMart retails basic ho

Avenue Supermarts Q1 results: Revenue rises 18.4% to Rs 13,712 crore
Updated On : 02 Jul 2024 | 9:41 PM IST

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Updated On : 02 Jul 2024 | 11:20 AM IST

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs
Updated On : 01 Jul 2024 | 12:46 PM IST