Page 58 - Q1 Results

Hindustan Media Ventures Q1 results: Profit tanks over 91% to Rs 0.52 cr

Hindustan Media Ventures Ltd (HMVL) on Thursday reported a 91.82 per cent decline in its profit after tax of Rs 0.52 crore for the first quarter of 2024-25. The company had posted a profit after tax of Rs 6.36 crore in the April-June period a year ago, according to a regulatory filing by HMVL, the publisher of Hindi daily Hindustan. Its revenue from operations was down 3.78 per cent to Rs 162.18 crore in the April-June quarter compared to Rs 168.56 crore in the corresponding period a year ago. Total expenses of HMVL were flat at Rs 188.55 crore in the June quarter. Its revenue from printing & publishing of newspapers & periodicals was at Rs 154.35 crore and Rs 9.03 crore from digital. HMVL's total income was at Rs 189.09 crore, down 5.44 per cent. Shares of Hindustan Media Ventures Ltd were trading at Rs 100.50, down 1.51 per cent from the previous close on BSE.

Dr Reddy's Labs Q1 Preview: Market share loss in products to drag profits

Indian drugmaker, Dr Reddy's Laboratories is all set to deliver its financial performance for the first quarter of financial year 2024-25 (Q1FY25) on Saturday, July 27, 2024

Infy, TCS: Should you book profit in IT stocks amid global tech sell-off?

Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.

Hitachi Energy shares tumble 4% post Q1FY25 show; profits, margin slips QoQ

Shares of Hitachi Energy fell by 4.36 per cent per share on the BSE in Thursday's intraday trade

ICICI Bank Q1FY25 preview: Profit may rise 10-12% YoY; NIM, provisions eyed

ICICI Bank Q1 2024 results preview: Analysts cautioned that ICICI Bank may face margin pressure higher than industry average on high credit costs

Stocks to Watch, July 25: Axis Bk, LT, RBL Bk, BSE, Nestle, IGL, Canara Bk

Stocks to Watch today, July 25, 2024: Axis Bank ADRs fell 4.5 per cent overnight in US markets. Meanwhile, RBL Bank counter is expected to see a block deal today

Ramkrishna Forgings Q1 result: PAT rises 3% to Rs 81 cr on higher income

Ramkrishna Forgings Ltd on Wednesday posted over 3 per cent rise in consolidated net profit to Rs 81 crore during the June quarter, on account of higher income. It had clocked Rs 78.52 crore profit for the period ended June 30, 2023, the company said in an exchange filing. The company's total income rose to Rs 1,013.98 crore from Rs 896.99 crore in the April-June period of the preceding 2023-24 fiscal. Expenses were at Rs 897.46 crore as against Rs 793.36 crore a year ago. In a separate statement, the company's MD Naresh Jalan said, "Our revenues on a standalone basis stood at Rs 868 crore, reflecting our strong market presence and operational efficiency. Our adjusted EBITDA was Rs 201 crore, yielding an impressive EBITDA margin of 23.1 per cent." In the quarter, the company received an order inflow amounting to Rs 1,679 crore, which is to be executed over a period of four years. The order book also includes an undercarriage business order from a metro car in the railway segment,

CG Power Q1 results: Net profit rises 21% to Rs 232.13 cr as sales increase

CG Power and Industrial Solutions Ltd on Wednesday reported a 21 per cent hike in its standalone profit after tax of Rs 232.13 crore for the April-June 2024 quarter. The company, part of the diversified conglomerate Murugappa Group, had registered a profit after tax of Rs 192.06 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024 the standalone profit after tax stood at Rs 1,004.36 crore. Total standalone income during the quarter under review grew to Rs 2,139.76 crore from Rs 1,791.91 crore registered in the corresponding quarter of last year. For the financial year ending March 31, 2024 the standalone total income stood at Rs 7,760.80 crore. In a statement, the company said the aggregate sales for the quarter were higher at Rs 2,106 crore recording a growth of 19 per cent year-on-year. Margins were higher at 15.4 per cent of sales on account of higher realisations, favourable product mix and cost efficiencies in power ...

HFCL Q1 result: Net profit up 46.4% at Rs 111 cr as internet demand rises

Domestic telecom equipment maker HFCL Ltd on Tuesday reported a 46.4 per cent year-on-year rise in consolidated net profit for the June quarter to Rs 111 crore. Its revenue rose 16.4 per cent to Rs 1,158 crore in the just-ended quarter, compared to a year ago. HFCL Managing Director Mahendra Nahata noted that amid geo-political challenges, India stands out with its political stability and resilient economy, positioning itself as a prime investment destination. "The technology and telecom sectors are going to play a vital role in achieving the country's vision of 'Viksit Bharat@2047'," he said. The growing demand for high-speed internet, the expansion of 5G networks, FTTH (Fibre To The Home) implementation, hyper-scaling of data centres, advancements in Artificial Intelligence and Machine Learning, the PLI (production-linked incentive) scheme and the thrust on indigenous development and procurement of defence equipment, present substantial opportunities for the company both in domes

JK Paper Q1 results: Net profit declines 55% to Rs 140.79 cr as prices fall

JK Paper Ltd on Wednesday reported a 55 per cent decline in consolidated net profit to Rs 140.79 crore in the June 2024 quarter, hit by a fall in market prices coupled with a surge in wood cost. The company posted a consolidated net profit of Rs 312.56 crore in the corresponding period of the last fiscal, JK Paper said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,804.47 crore against Rs 1,663.97 crore in the year-ago period, it added. During the quarter, total expenses were higher at Rs 1,549.21 crore compared to Rs 1,238.34 crore in the year-ago period. "The results have been adversely impacted due to a significant drop in market prices coupled with a surge in wood cost compared to the corresponding quarter," JK Paper Chairman & Managing Director Harsh Pati Singhania said. The company, however, increased sales volume driven by higher utilisation in the packaging board business, he added. JK Paper said in order to mitigate

Axis Bank Q1FY25 results: Net profit increases 4% to Rs 6,035 crore

The bank's net interest income (NII) increased 12 per cent year-on-year (Y-o-Y) and 3 per cent sequentially to Rs 13,448 crore in Q1FY25, aided by steady growth in advances

L&T Q1FY25 results: Net profit rises 11.7% to Rs 2,786 cr on higher revenue

The company beat street estimates as in a Bloomberg poll, 13 analysts estimated revenue of Rs 53,600 crore and seven analysts estimated a net income adjusted of Rs 2,639 crore

Trident Q1FY25 results: Textile firm's net profit slips 19.1% to Rs 73.9 cr

Textiles firm Trident Ltd on Wednesday reported a 19.1 per cent decline in its consolidated profit after tax to Rs 73.89 crore for the first quarter of FY25. The company had posted a consolidated profit after tax of Rs 91.34 crore in the April-June quarter a year ago, according to a regulatory filing from Trident. However, its revenue from operations increased 16.66 per cent to Rs 1,742.71 crore in the June quarter. It was Rs 1,493.71 crore a year ago. The total expenses in the June quarter rose 19.7 per cent to Rs 1,655.59 crore. Its revenue from the Yarn business was Rs 960.70 crore and Rs 615.34 crore from the towel business. Trident's revenue from the Bedsheets segment was Rs 357.84 crore, and Rs 248.38 crore from paper and chemicals. Its total income stood at Rs 1,757.58 crore in the June quarter, up 16.77 per cent. It was Rs 1,505.08 crore a year earlier. Shares of Trident Ltd on Wednesday settled at Rs 37.44 on BSE, up 1.22 per cent.

Welspun Living Q1FY25 results: Net profit rises 14% to Rs 185.95 cr

Home textiles major Welspun Living Ltd on Wednesday reported a 14.3 per cent increase in consolidated net profit to Rs 185.95 crore in the June 2024 quarter. The company posted a consolidated net profit of Rs 162.73 crore in the quarter last fiscal, Welspun Living said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,536.49 crore compared to Rs 2,184.05 crore in the year-ago period, it added. Total expenses in the first quarter were higher at Rs 2,335.11 crore against Rs 1,998.65 crore in the corresponding period a year ago, the company said. Welspun Living said its board of directors at its meeting held on July 24, 2024, has approved a buyback proposal for purchase of over 1.26 crore paid equity shares of Re 1 each at a price of Rs 220 per share for an aggregate amount of not exceeding Rs 278.44 crore. "The domestic consumer business has shown resilience in the face of challenging demand scenario in the Indian retail market and continued to be the leadi

Aditya Birla Sun Life AMC Q1FY25 results: Net profit rises 28% to Rs 236 cr

Aditya Birla Sun Life AMC on Wednesday reported a 28 per cent rise in profit after tax to Rs 235.7 crore, its highest quarterly gain, for the three months ended June 2024. The asset management firm, part of Aditya Birla Capital, had posted a profit after tax (PAT) of Rs 184.6 crore in the same quarter of the preceding fiscal, according to a stock exchange filing. The company's revenue from operations rose 24 per cent to Rs 386.6 crore in the quarter under review from Rs 311.2 crore in the April-June quarter of the preceding fiscal (2023-24). ABSL AMC's assets under management stood at Rs 3.52 lakh crore at the end of the June 2024 quarter, reflecting a 19 per cent year-on-year growth. Founded in 1994, ABSL AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. It is one of the leading asset managers in India, servicing around 9.4 million investor accounts with a pan-India presence across over 300 locations.

Stock Alert: Here's why Bajaj Finance may underperform markets in near-term

Bajaj Finance share price target: Bajaj Finance, analysts said, may face net interest margin pressure in Q2FY25 which may limit upside in stock price

HUL sees profit booking after Q1FY25 results beat estimates; down 3%

Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.

Bikaji Foods Q1 result: Net profit rises 40% to Rs 58.06 cr, revenue up 15%

Snacks manufacturer Bikaji Foods International Ltd on Wednesday reported a 40.2 per cent increase in its consolidated net profit to Rs 58.06 crore in the first quarter ended in June 2024. The company had posted a consolidated profit of Rs 41.41 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 15.24 per cent to Rs 555.12 crore in the June quarter. It was at Rs 481.68 crore a year ago. Bikaji Foods reported volume growth of "16.2 per cent YoY, led by double-digit growth across categories," said an earning statement from the company. Total expenses of Bikaji Foods in the June quarter were up 16.08 per cent to Rs 501.32 crore. Its total income was at Rs 579.41 crore in the June quarter, up 18.8 per cent. "Our EBITDA for the quarter improved by 240 bps year-over-year, reaching 916 million, reflecting our commitment to operational efficiency and disciplined cost management," said Managing Director Deepak .

IndiGrid Q1 results: Net profit rises 28% to Rs 137 cr on higher income

Investment Manager to India Grid Trust (IndiGrid) on Wednesday posted a 28 per cent increase in net profit to Rs 136.9 crore during the June quarter, helped by higher income. It had clocked Rs 107 crore profit in the year-ago period, the company said in a statement. Its total income rose to Rs 873.3 crore during the first quarter of the ongoing fiscal year from Rs 654.5 crore a year earlier. Expenses were at Rs 727.2 crore as against Rs 539.7 crore a year ago.

DCB Bank Q1 results: Net profit increases 3% to Rs 131 cr; NIM's moderate

The provision coverage ratio (PCR), including written-off accounts, stood at 76 per cent in June 2024 as against 77.07 per cent a year ago