Page 39 - Q1 Results

Freshworks reports 19% revenue growth in Q1, reaching $196.3 million

Freshworks, a people-first artificial intelligence service software provider, reported a 19 per cent increase in revenue for the JanuaryMarch 2025 quarter, reaching USD 196.3 million, a top official said. The company had recorded revenue of USD 165.1 million during the corresponding quarter of the previous year. Commenting on the financial performance, Freshworks Chief Executive Officer and President Dennis Woodside said: Freshworks had another fantastic quarter, outperforming our previously provided financial estimates in Q1, with revenue growing 19 per cent year-on-year to USD 196.3 million, an operating cash flow margin of 30 per cent, and an adjusted free cash flow margin of 28 per cent. We continue to outperform because businesses are choosing Freshworks for our uncomplicated customer and employee service solutions, he said in a company statement on Wednesday. The number of customers contributing more than USD 5,000 in Annual Recurring Revenue (ARR) was 23,275 during the quart

ArcelorMittal Q1 income dips 14% to $805 mn as sales drop 9% to $14.79 bn

Global steel giant ArcelorMittal, which also has presence in India, on Wednesday posted over 14 per cent fall in net income at USD 805 million for the first quarter ended March 31, 2025, dragged by lower sales amid global geopolitical challenges. It had posted USD 938 million "net income attributable to equity holders of parent" for the year-ago quarter, the company said in a statement. Luxembourg-based ArcelorMittal is the world's largest integrated steel and mining company. It follows January-December fiscal year. CEO Aditya Mittal said from a financial perspective, it was another quarter of consistent delivery and robust margins, particularly given the geopolitical challenges, with EBITDA of USD 116 per tonne. "We continue to execute our strategic growth agenda which is expected to deliver an incremental USD 1.8 billion EBITDA by 2027," he said. Mittal further said that heightened uncertainty around the terms of global trade is hurting business confidence and risks causing furt

Varun Beverages posts 33% rise in Q1CY25 PAT, announces dividend; details

During Q1CY25, Varun Beverages' net profit zoomed 33.5 per cent Year-on-Year (Y-o-Y) to ₹731.35 crore from ₹547.98 crore reported in the corresponding quarter of the previous year

Coca-Cola reports double-digit volume growth in India, helped by Thums Up

Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be manageable. Revenue fell 2 per cent to USD 11.1 billion in the January-March period, the company said on Tuesday. That was in line with Wall Street's expectations, according to analysts polled by FactSet. Net income rose 5 per cent to USD 3.3 billion for the quarter. Adjusted for one-time items, the Atlanta company earned 73 cents per share. That beat expectations of 72 cents. Shares rose 1.5 peer cent before the opening bell Tuesday.

AO Smith Q1 revenue dips 2% on weak US, China water heater demand

The company, which makes residential and commercial water heaters, boilers, tanks and treatment products, posted a 2 per cent fall in quarterly sales to $963.9 million

Pfizer beats Q1 profit estimates on cost cut, strong sale of heart drug

It reported total revenue of $13.70 billion for the first quarter, compared with analysts' expectations of $13.91 billion, according to LSEG data

Google's Alphabet sees profit jump 28% in Q1 despite legal, trade threats

Google's profits soared 28 per cent in this year's opening quarter, overcoming the competitive and legal threats that its internet empire is facing amid an economy roiled by a global trade war. The numbers released Thursday by Google parent Alphabet Inc. indicated the company is rising to the challenge so far, but investors are likely to remain concerned about the turbulent times ahead. The Mountain View, California, company earned USD 26.5 billion, or USD 2.15 per share, during the January-March period, up from USD 20.7 billion, or USD 1.64 per share, at the same time last year. Revenue rose 12 per cent from last year to USD 96.5 billion. The results easily exceeded analysts' projections, according to FactSet Research. Alphabet's stock gained more than 3 per cent in extended trading after the numbers came out. The shares had fallen by 16 per cent since the end of last year. Google's first-quarter performance illustrated the continuing power of its long-dominant search engine in a

Real estate market sees 28 deals worth $1.2 billion in Jan-Mar: Report

Indian real estate market witnessed 28 deals valued at USD 1.2 billion in January-March this year led by private equity transactions, according to Grant Thornton Bharat. Consultancy firm Grant Thornton Bharat on Monday released a report 'Real Estate/REITs Dealtracker-Providing M&A and PE deal insights'. "In Q1 (January-March) 2025, the Indian real estate markets recorded 28 deals valued at USD 1.2 billion, marking a whopping 133 per cent growth in volumes and an over five-fold increase in values over Q1 2024 even after muted IPO and QIP activity, reflecting sustained investor interest," the report said. As per the data, there were 11 deals in M&A (merger & acquisition) space worth USD 137 million. In PE/VC (private equity and venture capital) activity, there were 17 deals for USD 1,050 million. The first quarter of 2025 witnessed muted IPO (initial public offering) and QIP (Qualified Institutional Placement) activity. Shabala Shinde, Partner & Real Estate Leader, Grant

Goldman Sachs Q1 profit up 15% as trading gains offset banking slump

The Wall Street lender joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits. But investors have shifted their focus on to economic projections, which are being clouded by tariff

Tata Consultancy Services announces Rs 45,612 crore total dividend for FY25

With this final dividend, TCS's total dividend payout for the financial year would be Rs 45,612 crore-significantly higher than the FY24 dividend of Rs 26,426 crore

Spotify forecasts Q1 profit above estimates on steady user growth

Spotify expects operating income of 548 million euros ($566.19 million) in the current quarter, above analysts' average estimate of 450.6 million euros

Accenture beats estimates for Q1 revenue on rise in services demand

The company's new bookings rose to $18.7 billion for the first quarter from $18.4 billion a year earlier

Solex Energy net profit rises to Rs 13 cr in Apr-Sep on higher income

Solex Energy on Tuesday reported a multi-fold jump in consolidated net profit to Rs 13 crore in the April-September period of FY25, on account of higher income. It posted a net profit of Rs 0.73 crore during the six-month period ended September 2023, the company said in a regulatory filing. The company's total income jumped to Rs 274.16 crore against Rs 93.75 crore in the year-ago period. "As we look ahead, Solex remains focused on scaling up our operations and innovation to meet the growing demand for clean energy solutions across India," Chetan Shah, Chairman and Managing Director of Solex Energy, said. The company is bullish on the growing renewable energy market in India and has already announced investment plans worth USD 1 billion under its Vision 2030 strategy, he said. Solex Energy has plans to increase its module manufacturing capacity from 1.5 GW to 15 GW, which will cost around Rs 8,000 crore.

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

'Vegas Mall in Delhi saw max average footfall in Q1 among top 25 malls'

Vegas Mall in the national capital witnessed highest average daily footfall during April-June period followed by V3S East Centre Mall in east Delhi and Phoenix Marketcity in Mumbai region, according to a report. GeoIQ, a leading location AI startup, on Friday released the list of top 25 malls in India based on footfall data. It leverages aggregated, anonymised geolocation data from mobile devices and applies advanced machine learning to generate accurate footfall and other insights for any store or location across the country. Vegas Mall (Dwarka, Delhi), V3S East Centre Mall (Delhi) and Phoenix Marketcity (Greater Mumbai) were the top three shopping malls with an average daily footfall of 26,212, 24,282 and 23,000, respectively. Looking at city-specific data, the top five malls in Mumbai are Phoenix Marketcity (ranked 3rd), R City Mall (ranked 4th), Viviana Mall (ranked 5th), Seawoods Grand Central (ranked 10th), and High Street Phoenix (ranked 12th). In Delhi NCR, the top five mal

No major tariff hike, but telecom companies' revenue up 7.2% in Q1

Jefferies says sector will maintain 15% CAGR till FY26

India's agriculture growth dips in Q1 as heatwave stings crop output

Low post-monsoon rains, which dried most of the reservoirs in several states across the country, also impacted the production of many crops

Gillette India Q1 results: Net profit increases 26.4% to Rs 116 cr

Shaving products maker Gillette India Ltd on Thursday reported a 26.4 per cent rise in profit after tax (PAT) to Rs 115.97 crore for the June quarter. The company, which follows the July-June financial year, had reported a profit of Rs 91.75 crore in the year-ago period, Gillette India Ltd (GIL) said in a BSE filing. Its revenue from operations increased 4.17 per cent to Rs 645.33 crore during the quarter under review from Rs 619.44 crore in the corresponding period a year earlier. The sales growth was "driven by a robust portfolio, strong brand fundamentals and superior retail execution", Gillette India said in an earnings statement, adding its PAT was helped by "strong sales growth in the current quarter". Gillette India's total expense was down 1.17 per cent to Rs 494.68 crore in the June quarter. Its revenue from the grooming segment was up 7 per cent to Rs 519.68 crore. Meanwhile, oral care was down 6.28 per cent to Rs 125.65 crore in the April-June period. The total income

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.

Oyo reports Rs 132 cr in Q1 profits, aims for Rs 700 cr in full year FY25

In the US, Agarwal said that Oyo is opening a new property every three days, reflecting very strong momentum in the world's largest economy