Page 57 - Q1 Results

Tech Mahindra Q1 results: Net profit up 23% on cost action; still a miss

The company's revenue beat Bloomberg estimates, but missed on the net profit level

Axis Bank share price sinks 8% post Q1FY25 results shocker; time to buy?

Axis bank share price: While Axis bank Q1 results were sub-par, Street remains "cautiously optimistic" on stock outlook

IndiGo Q1FY25 results today: Will it report profit or loss? Read preview

IndiGo Q1FY25 result preview: : InterGlobe Aviation-owned IndiGo Airlines may report lower profit on yearly basis due to high base of last year and low air traffic amid Delhi T1 roof collapse crisis

Ramco Cements Q1FY25 results: Net profit down 51% to Rs 36.57 crore

The Ramco Cements Ltd on Thursday reported a 50.82 per cent decline in its consolidated net profit to Rs 36.57 crore in the June 2024 quarter due to a fall in cement prices and weak demand amid the Lok Sabha polls. The company posted a net profit of Rs 74.36 crore during the April-June quarter of the previous fiscal, The Ramco Cements said in a regulatory filing. Its revenue from operations fell 6.81 per cent to Rs 2,093.55 crore during the quarter under review against Rs 2,246.66 crore a year ago. The decline in net revenue for the Q1 FY25 is "due to drop in cement prices by around 8 per cent", a company's earning statement said. Moreover, the cost of raw materials "increased by 9 per cent YoY (Year-on-Year) from Rs 911 to Rs 990 per tonne for the current year due to inflationary impact on procurement cost", it added. Its total expenses in the June quarter were Rs 2,054.11 crore, down 4.3 per cent. "During Q1 FY25, the sale volume is 4.36 million tonnes, compared to 4.30 million

United Breweries Q1 results: Net profit rises 27.5% to Rs 173.8 cr

Beer maker United Breweries Ltd, controlled by Dutch multinational brewing company Heineken NV, on Thursday reported a 27.47 per cent rise in consolidated net profit to Rs 173.80 crore for the first quarter ended on June 30. The company had posted a net profit of Rs 136.34 crore in the April-June quarter a year ago, according to a regulatory filing from United Breweries Ltd (UBL). UBL's revenue from operations rose 10.83 per cent to Rs 5,811.28 crore during the quarter under review. It was Rs 5,243.01 crore in the corresponding quarter a year ago. Gross profit improvement was driven by volume and price mix, according to an earnings statement. UBL's gross profit margin improved by 247 bps against the previous year, it added. The increase in net sales in Q1 is "driven by 5 per cent volume growth, led by 44 per cent growth in the premium segment, further fuelled by pricing," it said. "Within the segment, we see strong growth for Kingfisher Ultra and Kingfisher Ultra Max and we conti

Motilal Oswal Financial Services Q1 result: Profit jumps 52% to Rs 1,021 cr

Motilal Oswal Financial Services Ltd (MOFSL) on Thursday posted its highest-ever quarterly profit of Rs 1,021 crore for the April-June quarter of 2024-25, marking a 52 per cent jump from the year-ago period. The company reported a profit after tax (PAT) of Rs 671 crore in the same quarter preceding fiscal. Revenue from operations surged to Rs 2,312.3 crore in the April-June quarter of the current financial year (FY25) against Rs 1,501.5 crore in the corresponding period of the preceding fiscal, according to an exchange filing. The company's wealth management business posted a PAT of Rs 177 crore, a 69 per cent year-on-year increase. Further, net revenue for the segment grew by 42 per cent year-on-year to Rs 530 crore. Similarly, the asset & private wealth management business recorded a PAT of Rs 157 crore, up 30 per cent from the previous year. Also, net revenues for the business were at Rs 385 crore during the quarter under review, up 32 per cent year-on-year. MOFSL is a ...

UTI AMC Q1 result: PAT rises 9% to Rs 254 cr, total revenue from ops up 13%

UTI Asset Management Company on Thursday reported a nine per cent growth in profit after tax (PAT) to Rs 254 crore in the three months ended June 30, 2024. In comparison, the company had posted a PAT of Rs 234 crore in the same quarter a year ago, UTI AMC said in a regulatory filing to the stock exchanges. The company's total revenue from operations rose 13 per cent to Rs 529 crore during the quarter under review, as compared to Rs 468 crore in the April-June quarter of the preceding financial year (2023-24). As of June 30, 2024, the total assets under management (AUM) for UTI AMC stood at Rs 19.36 lakh crore, which includes the mutual fund's asset base of Rs 3.1 lakh crore. "The Indian mutual fund industry has witnessed robust growth in the recent past making it amongst the most attractive investment avenues. "As the Indian MF industry surpassed yet another milestone of Rs 60 lakh crore AUM by the end of June 2024, financial awareness and digitization have played crucial roles in

Airtel Africa's net profit down to $7 million in first quarter of FY25

Continuing devaluation of African currencies and higher finance costs remain drags

Ashok Leyland Q1 FY25 results: Net profit declines 6% to Rs 509 crore

While the company achieved its highest-ever Q1 CV volumes, the Power Solutions, Aftermarket, Defence business, and the International Operations also contributed strongly to the top line

LT Foods Q1 result: Profit up 13% to Rs 155.3 cr, revenue up 16.4%

LT Foods Ltd on Thursday reported a 13 per cent increase in consolidated net profit to Rs 155.28 crore for the first quarter ended on June 30, 2024. It had reported a net profit of Rs 137.44 crore for the April-June quarter a year ago, according to a regulatory filing from LT Foods Ltd, which owns basmati rice brands Daawat and Royal. Its revenue from operations was up 16.44 per cent to Rs 2,070.50 crore during the quarter under review compared to Rs 1,778.07 crore a year ago. Total expenses for LT Foods in the June quarter were at Rs 1,890.30 crore, up 16.54 per cent. LT Foods' total income was at Rs 2,088 crore in the June quarter, up 16.72 per cent from the corresponding quarter a year ago. Commenting on results, LT Foods Managing Director & CEO Ashwani Arora said, "Our premiumization strategy continues to yield significant results, driving higher margins and reinforcing our brand's reputation for providing quality products to consumers and continuously innovating ourselves to

Adani Energy posts Rs 823 cr net loss in Q1 amid Dahanu divestment decision

Operational earnings before interest, taxation, depreciation and ammortisation (Ebitda), the company said, rose 30 percent to Rs 1628 crore

DLF Q1FY25 results: Profit increases 23% to Rs 645.61 cr on higher income

Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal from Rs 1,521.71 crore in the corresponding period of the previous year, according to a regulatory filing

Airtel Africa reports $7 million net profit for Q1, revenue drops 16%

Bharti Airtel's Africa unit Airtel Africa has reported a consolidated net profit of USD 7 million for the June 2024 quarter against a USD 170 million loss in the year-ago period. Its net profit was primarily impacted by the USD 80 million of exceptional derivative and foreign exchange losses (net of tax) and lower EBITDA due to significant currency devaluation across key markets, Airtel Africa said. It had reported a loss of USD 91 million for the fourth quarter ended March 2024 on account of tax impact and forex loss. "Strong fundamentals and focussed execution continue to support operating performance despite challenging macro-economic environment," the company, which operates in 14 African countries, said. The company's consolidated revenue fell 16 per cent in Q1 FY25 to USD 1,156 million from USD 1,377 million a year ago. The decline in revenue reflects the impact of currency devaluation, particularly in Nigeria, the company said. "We have initiated a comprehensive cost ...

AU Small Finance Bank Q1 results: Net profit surges 30% to Rs 502 cr

AU Small Finance Bank on Thursday reported a 30 per cent jump in its net profit to Rs 502 crore for the first quarter ended June 30. The Jaipur-based lender had earned a net profit of Rs 387 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 4,315 crore against Rs 2,773 crore a year ago, Au Small Finance Bank said in a regulatory filing. Interest income grew to Rs 3,769 crore during the period under review from Rs 2,458 crore in the corresponding quarter a year ago. The board has also approved for making an application to the Reserve Bank of India (RBI) for the transition from a Small Finance Bank to Universal Bank pursuant to guidelines for 'on tap' licensing of universal banks in the private sector dated August 1, 2016, and circular on voluntary transition to universal banks dated April 26, 2024, it said. The board has constituted a Committee of Directors to vet the application for submission to the RBI, it said. Asset quality of the bank

Embassy REIT Q1 results: Net operating income up 3% to Rs 757.5 cr

Embassy Office Parks REIT on Thursday reported a 3 per cent increase in its net operating income to Rs 757.5 crore in the June 2024 quarter and announced distribution of Rs 530.8 crore to unitholders. The net operating income (NOI) stood at Rs 737.6 crore in the year-ago period. The board of directors of Embassy Office Parks Management Services Pvt Ltd, Manager to Embassy REIT, at its board meeting, declared a distribution of Rs 531 crore or Rs 5.60 per unit for the first quarter of 2024-25. "We are delighted to report another excellent quarter of strong leasing across our portfolio. We leased 1.9 million square feet this quarter, marking a 70 per cent YoY (year-on-year) increase, and we have a strong pipeline across Bengaluru, Noida and Chennai," Aravind Maiya, Chief Executive Officer of Embassy REIT, said. The company has strengthened its partnership with one of its largest occupiers through a new redevelopment project at Embassy Manyata in Bengaluru, he said. "Our distributions

Mahindra Holidays Q1FY25 results: Pre-tax profit rises to Rs 14 cr

Travel demand has rebounded strongly from the pandemic lows, benefiting companies from airlines to hotel operators

Westlife Foodworld posts Q1 profit drop on higher costs, weak demand

Revenue from operations was little changed at Rs 616 crore

Adani Green Energy Q1 result: PAT doubles to Rs 629 cr on strong sales

Adani Green's energy sales increased by 22 per cent year-on-year to 7,356 million units in the quarter

Ashok Leyland Q1 result: PAT dips 6% to Rs 509 cr, total income up 10%

Hinduja group flagship Ashok Leyland on Thursday reported a 6 per cent year-on-year fall in its consolidated net profit to Rs 509 crore in the June 2024 quarter. The company posted a net profit of Rs 544 crore in the April-June quarter of the previous fiscal. Total income increased to Rs 10,754 crore in the first quarter against Rs 9,735 crore in the year-ago period, Ashok Leyland said in a regulatory filing. Ashok Leyland Chairman Dheeraj Hinduja said the commercial vehicle industry continues to maintain the growth momentum, contrary to the expectations at the start of the year. Industry volumes for the first quarter were at comparable levels to the previous peak of Q1FY19, he stated. "The company's Q1 performance has beaten all expectations, we have been able to post excellent results with focused market performance while reining in costs," Hinduja stated. Through Switch Mobility, the company is geared to participate in the growing EV market with a clear road map, he added. Wi

PNB Housing Finance Q1 result: PAT rises 25% to Rs 433 cr on steady demand

Demand for premium housing in the country has been strong even as the affordable segment saw some pressure due to high interest rates