Page 44 - Q1 Results

Dhanlaxmi Bank Q1 results: Total income down at Rs 338 cr, loss at Rs 8 cr

Dhanlaxmi Bank on Monday reported a loss of Rs 8 crore for the first quarter of the current financial year. Against this, the bank had earned a net profit of Rs 28 crore in the April-June quarter of FY24. The bank's total income declined to Rs 338 crore in the first quarter as against Rs 341 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing. During the quarter the bank earned interest income of Rs 306 crore as against Rs 289 crore in the same period a year ago. The bank's gross non-performing assets (NPA) of the total advances declined to 4.04 per cent in the first quarter from 5.21 per cent at June-end last year. However, net NPAs rose to 1.26 per cent in June 2024 against 1.09 per cent same period a year ago.

Nalco Q1 results: PAT up 76% at Rs 588 cr, total income at Rs 2,916 cr

State-owned Nalco on Monday reported a 76.3 per cent rise in consolidated profit at Rs 588.42 crore in the quarter ended June 2024. The company had posted a consolidated profit of Rs 333.76 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in an exchange filing. However, the consolidated income of the company during April-June period declined to Rs 2,916.62 crore from Rs 3,226.88 crore in the year-ago period, the filing said. The board has recommended final dividend of Rs 2 per share for 2023-24, subject to the approval of shareholders in the ensuing annual general meeting. "The final dividend...if approved...will be paid within a period of 30 days from the date of declaration," it said. Nalco, a 'Navratna' company, is one of the country's largest bauxite, alumina, aluminium and power complex. The government owns 51.28 per cent of Nalco's equity capital. The company has been operating its captive Panchpatmali bauxite mines for the pit head alumina refinery

Here's why Balkrishna Industries slid 10% despite strong Q1 earnings

Balkrishna Industries, a leading off-highway tyre manufacturer, announced a 47.6 per cent increase in net profit for the first quarter ending June 30, 2024

Analysts wary of Zydus Life's US sales post FY25, valuations; stock down 5%

Shares of Zydus lifesciences slipped 5.3 per cent to Rs 1232.40 per share on the BSE in Monday's early morning trade

Morepen Labs stock soars 6% on strong Q1 show; medical device biz grows 20%

Shares of Morepen Laboratories soared 6.46 per cent at Rs 61.89 per share on the BSE in Monday's intraday trade

Voltas Q1 results: Profit up two-fold to Rs 335 cr on back of high sales

Air conditioning maker and engineering services provider Voltas Ltd on Monday reported an over two-fold jump in consolidated net profit at Rs 335 crore for the first quarter ended June 30, 2024, led by a "significant volume growth" from its room AC business. Besides, the Tata Group firm also achieved the "milestone" of one million units of AC sales in Q1 FY25" and its total income crossed Rs 5,000-crore mark in the June quarter. It had posted a consolidated net profit of Rs 129.42 crore in the April-June period a year ago, The company said in a regulatory filing. Voltas' revenue from operations was up 46.46 per cent in the June quarter. It was at Rs 3,359.86 crore in the corresponding quarter a year ago. Total expenses of Voltas increased 41.44 per cent to Rs 4,520.40 crore in the June quarter of FY25. Voltas' total income in the June quarter was up 45.81 per cent to Rs 5,001.27 crore. In the first quarter of this financial year, Voltas' revenue from "unitary cooling products for

Macroeconomic data, Q1 earnings to drive mkt sentiments this week: Analysts

Macroeconomic data announcements, the last batch of Q1 earnings and global trends are the major factors that would influence trading sentiments in the equity market in a holiday-shortened week ahead, analysts said. Besides, trading activity of foreign investors would also be a crucial factor in dictating movement in the market. Equity markets would remain closed on Thursday for Independence Day. "This week, all focus will be on the global markets as we can see the extension of weakness after a long period of stability. The Indian equity market could also witness some bit of levelling off this week as investors process recent gains and contend with high prices. Geopolitical tensions are also escalating, but markets are not reacting significantly, which is reflected in the declining crude oil prices," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the domestic front, the last batch of Q1 earnings will drive stock-specific movements. Hero MotoCorp, Hindalco a

Jagran Prakashan Q1 result: PAT dips 6.5% to Rs 41 cr, revenue at Rs 444 cr

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Saturday reported a decline of 6.51 per cent in its consolidated net profit at Rs 41.03 crore in the first quarter ended June 2024. The company had posted a net profit of Rs 43.89 crore in the April-June quarter a year ago, according to a regulatory filing from Jagran Prakashan Ltd (JPL). Its revenue from operations was down 2.3 per cent to Rs 444.11 crore in the June quarter. It was at Rs 454.57 crore in the corresponding quarter a year ago. JPL's total expenses declined 2.28 per cent to Rs 409.82 crore in the June quarter of FY25. Its revenue from printing, publishing and digital was at Rs 303.54 crore, down 8 per cent year on year. Revenue from FM radio business was up 12.41 per cent to Rs 59.60 crore during the reporting quarter. Total income of JPL, which includes other income, was down 1.88 per cent year on year to Rs 467.23 crore.

Aurobindo Pharma Q1FY25 results: Net profit jumps 61% to Rs 919 cr

Aurobindo Pharma on Saturday said its consolidated net profit increased 61 per cent year on year to Rs 919 crore in the first quarter ended June 2024, aided by strong sales across markets. The Hyderabad-based drug maker had reported a net profit of Rs 571 crore in the April-June quarter of last fiscal. Revenue from operations increased to Rs 7,567 crore in the June quarter as against Rs 6,851 crore in the year-ago period, the drug maker said in a statement. "We are pleased with our continued strong performance this quarter, with a significant top-line growth across all our business segments," Aurobindo Pharma Vice-Chairman and Managing Director K Nithyananda Reddy stated. The profitability was sustained by improved gross margins and operational efficiencies, while ramping up our recently commercialised plants, he added. "We are confident in our ability to achieve our growth targets for FY25," Reddy said.

Trent Q1 results: Tata Group's co posts profit up two-fold at Rs 391 cr

Tata Group retail firm Trent Ltd on Friday reported a two-fold increase in consolidated net profit to Rs 391.21 crore for the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 166.67 crore for April-June period a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under brand names Westside, Zudio and Star. Revenue from operations was up 56.15 per cent to Rs 4,104.44 crore during the quarter under review as against Rs 2,628.37 crore in the year-ago period, it added. Total expenses increased 48.49 per cent in the June quarter to Rs 3,704.61 crore. Total income was at Rs 4,150.40 crore, up 54.84 per cent year-on-year. As of June 30, Trent was operating 228 Westside, 559 Zudio and 36 stores across other lifestyle concepts, said an earning statement from the company. "During the quarter, we opened 6 Westside and 16 Zudio stores across 12 cities," it said adding "we continued to expand our footprint across all our

Cement players on growth path despite weak demand, pricing pressure

Ambuja reports lower volume growth in East, South; Shree Cement losing in North

Prospects healthy for Bharat Forge, but stock fully valued too

Bharat Forge's Q1FY25 revenue growth was driven by defence as other segments saw weak demand. Overseas subsidiaries are showing gradual improvement

Quick commerce continues to be our fastest growing channel: Varun Alagh

He discussed the company's Q1 performance, festival season plans, challenges and future plans

Sun TV Q1 results: Profit falls 5% to Rs 560 cr, revenue dips to Rs 1.3k cr

Sun TV Networks Ltd on Friday reported a decline of 5.48 per cent in its consolidated profit after tax at Rs 559.58 crore in the first quarter ended June 2024. The company had reported a PAT (profit after tax) of Rs 592.08 crore in the April-June period a year ago, according to a BSE filing from Sun TV Network, one of the largest broadcasters. Its revenue from operations was down 2.72 per cent to Rs 1,312.40 crore during the quarter under review. It was at Rs 1,349.22 crore in the year-ago period. Sun TV Networks' total expenses increased 10 per cent to Rs 709.12 crore in the June quarter of FY25. The total income of Sun TV Networks in the June quarter was marginally down to Rs 1,459.20 crore. The board of the company at its meeting held on Friday declared an interim dividend of Rs 5 per share. Sun TV Network operates satellite television channels across six languages -- Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, and airs FM radio stations across India. It also owns

Alkem Labs Q1 results: Net profit jumps 91% to Rs 550 cr on robust sales

Alkem Laboratories on Friday said its consolidated net profit increased by 91 per cent to Rs 550 crore in the first quarter ended June 2024, aided by robust sales. The drug firm had reported a net profit of Rs 288 crore in the April-June quarter of last fiscal. Total income increased to Rs 3,152 crore in the first quarter as against Rs 3,033 crore in the year-ago period, Alkem Laboratories said in a regulatory filing. "We are happy that our efforts to improve profitability have started paying off, and we have seen a marked increase in margins during the quarter," Alkem Laboratories CEO Vikas Gupta said. The company is committed to maximise EBITDA margin by managing product mix, controlling costs, and taking advantage of the favourable raw material pricing environment, he added. "The domestic business is our stronghold, and we expect to build on it by furthering the growth of our large brands and bridging portfolio gaps. Simultaneously, we are also focusing on growing our business

GE Power India Q1 results: Net loss down at Rs 9.53 cr, revenue Rs 465 cr

GE Power India on Friday reported a narrowing of its consolidated loss to Rs 9.53 crore in the June 2024 quarter. The company suffered a consolidated net loss of Rs 135.79 crore in the quarter ended on June 30, 2023, according to a regulatory filing. Total income rose to Rs 465.80 crore in the quarter from Rs 440.28 crore in the same period a year ago. The Quarter Ended (QE) with an order backlog of Rs 3,917 crore up by 15.8 per cent compared to Rs 3,382.3 crore during the quarter ended in June 2023. The first quarter of the financial year 2024-25 started on a positive note with GE Power India's strategy translating into orders and favourable sales mix, Prashant Jain, Managing Director at GE Power India, said in the filing. GE Power India Ltd (GEPIL) is a leading player in the Indian power generation equipment market.

Mamaearth parent net profit rises 62.7% to Rs 40.2 crore in Q1 FY25

In Q1 FY25, Honasa registered product business growth of 20.3 per cent, with underlying volume growth (UVG) of 25.2 per cent

IRB Infrastructure Q1FY25 results: Toll collection grew 32%, PAT rises 5%

The company reported a toll collection worth Rs 1,556 crore for the first quarter of the ongoing financial year

Inox Wind Q1 results: PAT rises to Rs 50 cr, revenue surges to Rs 651 cr

Inox Wind Limited (IWL) on Friday posted a Rs 50 crore profit after tax during the June quarter on account of a surge in income. It had reported a loss of Rs 65 crore in the April-June quarter of the preceding financial year, the company said in an exchange filing. The company's total revenue surged 85 per cent to Rs 651 crore from Rs 352 crore in the year-ago period. Devansh Jain, Executive Director, INOXGFL Group, said "The hard work of last several years has started to yield results. Also, IWL's parent, IWEL has infused Rs 900 crore recently, making the company net cash positive and strengthening the balance sheet to capitalise on the multidecadal opportunity in the Indian wind sector." The company has an orderbook of around 2.9 gigawatt, IWL CEO Kailash Tarachandani said adding the company won orders of 611 MW in the ongoing FY25.

HCG Q1 results: Consolidated net profit rises 58.7% to Rs 12.08 crore

HCG witnessed an Ebitda (earnings before interest, taxes, depreciation, and amortisation) of Rs 90.9 crore, compared to Rs 74.3 crore. The Ebitda margin stood at 17.3 per cent