The company posted a PAT of Rs 237.28 crore in the year-ago period, the company said in a regulatory filing
According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,586.9 crore and net profit at Rs 2,601 crore for Q1 FY25
The expenses of the company rose by 32.8 per cent to Rs 198.53 crore in the quarter under review as compared to Rs 149.47 crore in Q1 FY24
The company, a unit of UK's Unilever, reported a 2.7% rise in profit to Rs 2,538 crore ($303.23 million) for the quarter ended June 30
Loan losses & provisions up 69% on muted collection efficiencies
The company's revenue as per IFRS grew by 31.4% YoY in constant currency to $254.5 million in Q1 FY25 from $196.7 million in Q1FY24
Bajaj Finance's loan losses and provisions - the money set aside to cover potential defaults - grew nearly 70% to Rs 1,685 crore, well ahead of analysts' estimate of Rs 1,466 crore
The company said its consolidated net profit fell to Rs 89.82 crore ($10.7 million) in the quarter ended June 30 from Rs 108 crore a year ago
Suzlon Energy rallied 5% to Rs 57.82, hitting an over 13-year high on the BSE in Tuesday's intra-day trade after the firm reported highest quarterly EBITDA in 7 years at Rs 370 crore in Q1FY25.
HDFC Bank share price outlook: analysts see HDFC Bank's LDR, which is the highest amongst peers, to fall below the level in about two years
NII down 19% year on year
Plastic products maker Supreme Industries Ltd on Monday reported an increase of 26.83 per cent in consolidated profit to Rs 273.37 crore in the June 2024 quarter. The company had posted a net profit of Rs 215.54 crore during the April-June quarter of the previous fiscal, according to a regulatory filing from Supreme Industries. Its revenue from operations was 11.3 per cent higher at Rs 2,636.35 crore during the quarter under review. It was at Rs 2,368.58 crore in the corresponding period a year ago. Total expenses of Supreme Industries in the June quarter grew 11.3 per cent to Rs 2,338.38 crore. In the June quarter, the company "sold 1,73,835 MT of plastic goods and achieved net product turnover of Rs 2,612 crore during the 1st quarter of the current year against sale of 1,48,544 MT and net product turnover of Rs 2,340 crore in the corresponding quarter of previous year, achieving volume and product value growth of about 17 per cent and 12 per cent," respectively, it said. Its tot
Public sector Indian Overseas Bank on Monday reported a 26.60 per cent rise in its net profits for the April-June 2024 quarter at Rs 633 crore. The city-headquartered bank had registered a net profit of Rs 500 crore during the corresponding quarter of last year. Total income during the quarter under review grew to Rs 7,568 crore up by 21.54 per cent from Rs 6,227 crore registered in the same quarter of last year. Total business of the bank during the quarter under review grew by 16.04 per cent to Rs 5,28,773 crore from Rs 4,55,664 crore registered in the same period of last year. For the quarter ending June 30, 2024 the Net Interest Margin stood at 3.06 per cent while the Provision Coverage Ratio improved to 96.96 per cent registering an improvement of 293 basis points. The Non-Interest Income grew by 28.64 per cent year-on-year to Rs 1,033 crore in Q1FY'25 as against Rs 803 crore registered in Q1 of last financial year. The interest income grew by 20.48 per cent year-on-year to
Shakti Pumps on Monday said it has posted a manifold jump in its consolidated profit after tax to Rs 92.6 crore during the June 2024 quarter, on the back of higher revenues and healthy order book. It had clocked a Profit After Tax (PAT) of Rs 1 crore in the April-June quarter of the preceding fiscal, the company said in a statement. During the first quarter, the company's revenue from operations rose four-fold to Rs 567.6 crore from Rs 113.1 crore in the year-ago quarter. As of June 2024, the company had an order book of around Rs 2,000 crore, the statement said. "We reported an outstanding start to FY25, with the first quarter demonstrating robust revenue growth and enhanced profitability. Our performance is attributable to the accelerated execution of the existing orders in both domestic and export markets," Shakti Pumps (India) Ltd Chairman Dinesh Patidar said. The improvement in margins was achieved due to a decline in raw material prices, coupled with economies of scale resul
The average trading volumes at the counter jumped over eight-fold, with a combined 18.6 million shares representing 1.3% of total equity of IHCL changing hands on the NSE and BSE till 01:45 PM.
Shares of Gravita India soared up to 10.18 per cent, at Rs 1,467.15 per share on the BSE in Monday's intraday deals.
Shares of Wipro plunged up to 8.79 per cent at Rs 508.25 per share on the BSE in Monday's intraday trade
Analysts remain optimistic about the medium-term outlook for the life insurance sector, and expect Retail APE to grow ~12-13 per cent during FY25E.
The market price of the country's most-valued-company in terms of market capitalisation was down 5% in past two trading days and slipped 6% from its record high level of Rs 3,217.90 touched on July 8.
Technical charts suggest that Paytm is likely to trade with a favourable bias; while others may display a subdued trend in the near-term.