Page 50 - Q1 Results

Why SBI stock fell 5% after Q1 result? Buy, sell, hold? Check strategy here

SBI share price today: BI share price has tumbled nearly 12 per cent from its record high level of Rs 912, touched on June 3, 2024

Stock of this packing company has zoomed over 70% in 10 days; hits new high

Shares of Arrow Greentech hit a new high of Rs 944.60, as the stock of packaging company has frozen 20% upper circuit on the BSE on Monday; after the firm reported a solid set of numbers for Q1FY25.

Tamilnad Mercantile Bank Q1 results: Net profit rises 9.9% to Rs 287.29 cr

Over century-old private sector Tamilnad Mercantile Bank has recorded a 9.97 per cent rise in its net profit for the April-June 2024 quarter at Rs 287.29 crore on account of rise in interest income. The Tamil Nadu-based bank had registered a net profit of Rs 261.23 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024 the net profit stood at Rs 1,072.03 crore. Total income during the April-June 2024 quarter went up to Rs 1,046.03 crore from Rs 942.98 crore registered in the year ago period. For the financial year ending March 31, 2024 the total income stood at Rs 5,492.85 crore. According to a press release, the bank's deposits rose to Rs 49,188 crore during the April-June 2024 quarter, from Rs 47,008 crore registered in the same quarter of last year. The advances of the bank has increased to Rs 40,853 crore with a growth of 10 per cent year-on-year basis. The Net Interest Income stood at Rs 567 crore for the April-June 2024 quarter, a

Utkarsh Small Finance Bank Q1 results: Net profit jumps 28% to Rs 137 cr

Utkarsh Small Finance Bank on Saturday posted a 28 per cent increase in its profit at Rs 137 crore in the first quarter ended June 30. The bank had earned a net profit of Rs 107 crore in the same quarter a year ago. Total income increased to Rs 1,071 crore during the quarter under review against Rs 812 crore in the same period last year, the bank said in a regulatory filing. The interest income of the bank rose to Rs 966 crore as against Rs 720 crore in the first quarter of previous year. As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 2.78 per cent of the gross loans by the end of June 2024 from 3.13 per cent a year ago. Similarly, net NPAs came down to 0.26 per cent from 0.33 per cent at the end of the first quarter of the previous fiscal. The provision coverage ratio, including floating provision, was 91 per cent as on June 30, 2024.

Rane Holdings Q1 result: PAT up 61.2% at Rs 19.5 cr, revenue at Rs 837.4 cr

Rane Holdings Ltd, the holding company of the diversified conglomerate Rane Group has reported a 61.2 per cent rise in its profit after tax for the April-June 2024 quarter at Rs 19.5 crore. The city-headquartered company had registered a profit after tax of Rs 12.1 crore during the corresponding quarter of last year. Total revenue during the quarter under review fell by 6.71 per cent to Rs 837.4 crore, from Rs 897.7 crore registered in the year ago period. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 79.8 crore for the April-June 2024 quarter as against Rs 80.9 crore registered year ago. EBITDA margin during the June-quarter was 9.5 per cent as against 9 per cent recorded in the same quarter of last year. Revenue from the domestic original equipment (OE) customers grew 9 per cent during the quarter under review supported a strong growth in the passenger vehicle segment. Revenues from international customers predominantly decreased by 17 p

JK Tyre Q1 results: PAT rises 37% to Rs 211 cr amid decline in revenue

During the quarter, the company's exports saw double-digit growth despite geopolitical disruptions and rising ocean freight costs. Looking ahead, JK expects export demand to pick up

Eveready Industries Q1 results: PAT rises 18% to 29.3 cr, revenue dips 4%

Battery and flashlights maker Eveready Industries India Ltd on Saturday reported an increase of 18.1 per cent in its consolidated net profit at Rs 29.36 crore in the first quarter ended June 2024. The company had posted a net profit of Rs 24.86 crore in the April-June period a year ago, according to a regulatory filing from the Burman family promoted firm. However, its revenue from operations was down 3.9 per cent to Rs 349.37 crore during the quarter under review. The revenue was at Rs 363.57 crore in the year-ago period. "PAT was higher by 18.1 per cent over Q1 of last year mirroring the strong operating trend for the quarter," said Eveready Industries in its earnings statement. Total expenses of Eveready Industries has decreased 6.48 per cent to Rs 314.18 crore in the June quarter. Eveready Industries' total income in the June quarter was down 4.6 per cent to Rs 349.59 crore. "Revenue growth for the quarter was contained by several factors, including a high base effect, slower

JK Tyre Q1 result: PAT rises 37% to Rs 211 cr, total income at Rs 3,655 cr

JK Tyre & Industries on Saturday reported a 37 per cent year-on-year increase in consolidated net profit at Rs 211 crore in the first quarter ended June 30, 2024. The tyre maker has reported a net profit of Rs 154 crore for the April-June quarter of last fiscal. Total income declined to Rs 3,655 crore for the period under review from Rs 3,726 crore in the June quarter of FY24, JK Tyre said in a regulatory filing. "We continue to deliver profitable growth with a year-on-year increase in operating margins," JK Tyre Chairman and Managing Director Raghupati Singhania said. The company's strategic thrust on premiumisation and pricing has helped it manage the raw material cost pressures, he added. Although overall revenues were marginally lower due to decline in the OEM segment, this was largely offset by increased exports, Singhania stated. During the quarter, exports recorded healthy double-digit growth, despite geo-political disruptions and rising ocean freight, he said. "Looking .

LIC Housing Finance Q1 results: Net profit down 2% at Rs 1,300 crore

Total disbursements were at Rs 12,915 crore in Q1 FY25, as against Rs 10,856 crore for the corresponding period in FY24

Tamilnad Mercantile Bank Q1 results: Net profit up 10% at Rs 287.3 crore

Total income has grown 15 per cent to Rs 1,515 crore during the quarter under review, from Rs 1,323 crore during the same period last fiscal

Dalmia Bharat Sugar Q1 results: Net profit falls 10.8% to Rs 54.73 crore

The company, which supplies sugar to companies like Coca-Cola, Britannia, Dabur, and Carlsberg, reported consolidated net profit of Rs 54.73 crore ($6.5 million), compared to Rs 61.34 crore year ago

Titan Company Q1 FY25 results: Net profit down 5%, revenue rises 12.6%

The jewellery major's profit before interest, depreciation and tax grew 10.3 per cent to Rs 1,367 crore in the quarter ended June

Hindustan Zinc Q1 results: Net profit rises 19.4% to Rs 2,345 crore

The company clocked in the highest-ever first-quarter mined and refined metal production

GSK Pharma Q1 FY25 results: Net profit rises 37%, revenue up 6.9%

GSK Pharma's stocks were up by 2.49 per cent, ending the day's trade at Rs 2,824.45 apiece on the Bombay Stock Exchange (BSE)

Zydus Wellness Q1 profit surges 33.78% amidst strong brand performance

The company's flagship brands, Glucon-D, Nycil, Everyuth Peel-off, and Scrub, continued to dominate their respective categories

Britannia Industries Q1 FY25 results: Net profit rises 10.5% to Rs 506 cr

Revenue rises due to better operating margins

Delhivery posts Q1 net profit of Rs 54 cr, revenue rises to Rs 2,172 cr

Logistics firm Delhivery on Friday posted a profit after tax (PAT) of Rs 54 crore for June quarter FY25. In the year-ago period, the company incurred a loss of Rs 89 crore. Revenue in the quarter was Rs 2,172 crore. In the year-ago period, it was Rs 1,930 crore, the company said in a statement. Besides, EBITDA (earnings before income, taxes, depreciation and amortization) stood at Rs 97 crore in Q1FY25. In the year-ago period, EBITDA was Rs 13 crore. Delhivery, however, clarified that during Q1FY25, it had a one-time reduction of Rs 19 crore in employee benefit expense due to reversal of cost against unvested ESOPs of employees who exited the company. "Robust growth in PT (part truckload) and SCS (supply chain services) businesses and stable growth in express parcel continues and have enabled improvement in profitability as well," said Sahil Barua, Managing Director and Chief Executive Officer at Delhivery. PTL revenue was Rs 435 crore during the quarter as against Rs 347 crore a

Dhanuka Agritech Q1 results: Net profit rises 48% to Rs 48.9 crore

Agrochemicals company Dhanuka Agritech on Friday reported a 48.45 per cent growth in profit after tax to Rs 48.90 crore during the June 2024 quarter. The company's profit after tax (PAT) stood at Rs 32.94 crore during the corresponding quarter of the previous financial year, Dhanuka Agritech said in a statement. Its revenue from operations grew 33.73 per cent during the quarter under review to Rs 493.58 crore compared to Rs 369.07 crore in the year-ago period. "The year has started on a positive note and we have witnessed decent demand for all our product categories during the first quarter. "The timely arrival of the monsoon and dwindling inventory levels have contributed to increased orders from the distribution network, setting a positive trajectory for the company," Dhanuka Agritech Vice Chairman and Managing Director Mahendra Kumar Dhanuka said. The sowing season is in full swing in July and the sowing acreages for major crops are expected to be higher in the ongoing season,

MedPlus Health Q1 results: Net profit surges 3.8 times to Rs 14.36 crore

Growth in the retail pharmaceutical sector has improved and is expected to sustain, according to analysts, as an improvement in medical infrastructure has resulted in better access to these platforms

Titan Q1 results: Net profit declines 5% to Rs 715 crore, misses estimates

The Tata group-owned company reported a 5% fall in consolidated profit to Rs 715 crore ($85.4 million) in the quarter ended June 30, from Rs 756 crore an year ago