Page 63 - Q1 Results

Tata Technologies Q1 result: Profit falls 15% on declining services revenue

Tata Technologies' profit fell 27% in the quarter ended March 31 due to similar reasons

Polycab India Q1 results: Net profit falls marginally to Rs 401.62 cr

Wires and cables maker Polycab India Ltd on Thursday reported a marginal decline in consolidated net profit to Rs 401.62 crore in the June 2024 quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 403.16 crore in the same period last fiscal, Polycab India said in a regulatory filing. Consolidated revenue from operations stood at Rs 4,698 crore in the first quarter as against Rs 3,889.38 crore in the year-ago period, it added. Total expenses were higher at Rs 4,223.06 crore compared to Rs 3,422.88 crore in the same period of the previous fiscal, the company said. The wires and cables segment clocked a revenue of Rs 3,942.12 crore in the first quarter, up from Rs 3,553.77 crore a year ago. The fast moving electric goods (FMEG) segment had a revenue of Rs 385.49 crore over Rs 314.54 crore in the corresponding period in FY24, the company said.

Tata Communications Q1FY25 results: Revenue rises 18% to Rs 5,633 cr

Revenue from the data services business, which contributes more than 80 per cent to the total, climbed 20 per cent, on the back of a 52 per cent growth in its digital portfolio

Market Highlights, July 18: IT stocks drive benchmarks to record; Sensex tops 81k, Nifty at 24,800

Stock Market LIVE updates, today, July 18, 2024: Among sectors, the Nifty IT was up 0.4 per cent, the Nifty Bank, and FMCG were up 0.3 per cent, and the Nifty Financial Services up 0.2 per cent

Havells India Q1 results: PAT up 42% at Rs 407.51 cr on robust sales growth

Havells India Ltd on Thursday reported a 42 per cent jump in consolidated net profit at Rs 407.51 crore in the first quarter ended June 30, 2024 as a scorching summer led to robust sales growth. The company had posted a consolidated net profit of Rs 287.07 crore in the same quarter last fiscal, Havells India said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 5,806.21 crore, as compared to Rs 4,833.8 crore in the corresponding period a year ago, the company said. Total expenses in the quarter under review were higher at Rs 5,334.54 crore, as compared to Rs 4,516.59 crore in the year-ago period. Electrical consumer durables segment clocked revenue of Rs 1,055.42 crore in the first quarter of this financial year, up from Rs 877.52 crore in the same period a year ago. Revenue from Lloyd brand of consumer products stood at Rs 1,928.72 crore, as against Rs 1,310.92 crore in the same period last fiscal, the company said. The cables busines

Infosys hits 52-week high ahead of Q1 results; check what street expects

Shares of Infosys, the second biggest domestic information technology (IT) company soared up to 1.90 per cent, hitting their 52-week high at Rs 1,758.60 per share on the BSE

HDFC Bank Q1 preview: Muted loan, deposit growth to hit profit, margin QoQ

HDFC Bank Q1 FY25 results 2024 preview: Analysts at ICICI Securities expect HDFC Bank to report around 2.5 per cent Y-o-Y growth in deposit, but "even slower loan growth on a Q-o-Q basis

Wipro Q1 preview: Cost control to aid profit; top brass attrition in focus

Wipro may see a revenues in the range of Rs 22,195 crore to Rs 22,409 crore for Q1, a fall 1-3 per cent year-on-year (YoY)

LTIMindtree stock rises 3%, hits 6-month high on steady Q1 earnings

MOFSL upgraded LTIMindtree to BUY with a target price of Rs 7,000 due to its superior offerings in data engineering and ERP modernization, positioning it well to capture the pre-GenAI expenditures.

Just Dial zooms 15%; stock hits 9-year high on strong June quarter results

The cash balance now stands at around 55 per cent of the market capitalisation of the company, and it is yet to decide on the utilisation/distribution of its cash balance, as per analysts at ICICI Sec

Sensex, Nifty outlook July 18: GIFT Nifty up marginally; Nikkei falls 2%

All you need to know before market opens on Thursday: The BSE and NSE benchmarks are likely to open mildly higher; Nifty weekly expiry and Infosys Q1 results to guide trade.

Asian Paints Q1 results: Net profit falls 24.5% on weak demand, price cuts

During the quarter, the company's net sales stood at Rs 8,970 crore and were down 2.3 per cent due to weak demand conditions, which the company attributed to general elections and severe heat waves

Hathway Q1 results: PAT declines 18% to Rs 18 cr, revenue at Rs 502.6 cr

Hathway Cable & Datacom Ltd -- provider of cable and internet services -- on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter. The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group. Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago. During the quarter, its revenue from the Cable TV business was at Rs 336.14 crore and Rs 151.19 crore from broadband services in the June quarter of FY25. Hathway Cable's total income, which includes other income, was down 1.69 per cent in the June quarter to Rs 524.36 crore. Total expenses of Hathway Cable was down 2 per cent to Rs 503.14 crore.

LTIMindtree Q1 results: Net profit down by 1.5%, revenue increases by 5%

The company's first-quarter performance beat revenue but missed net profit estimates of Bloomberg

Where to invest in markets for the next 1 year? Siddhartha Khemka answers

The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.

GoMechanic achieves operational profit in Q1FY25; FY24 revenue at Rs 210 cr

Car services and repair platform GoMechanic, which was on the verge of collapse about a year-and-a-half ago, on Tuesday said it achieved operational profit in the June 2024 quarter under the new management. The company was acquired by Servizzy, a subsidiary of the Lifelong Group, in March 2023 after anomalies in its financial records were found under previous management and the firm was put on sale by the investors. Under the new management, GoMechanic has posted a revenue of Rs 210 crore in the financial year 2023-24 and a revenue of Rs 85 crore in the April-June 2024 quarter. "GoMechanic proudly announces a major milestone achieved under the guidance of its new founders Himanshu Arora and Muskan Kakkar. The company has turned EBITDA positive in the first financial quarter of this year. This significant achievement marks a pivotal moment in GoMechanic's evolution, highlighting its growth and innovation in the auto service industry," the company said in a statement. The company pos

L&T Finance Q1 results: Consolidated net up 29% on healthy margins, fees

Its NIM plus fees and other income improved by 144 basis points to 11.08 per cent in Q1FY25 from 9.64 per cent in Q1FY24, LTF said in a statement

Himadri Speciality Q1 results: PAT jumps 40% to Rs 123 cr, Ebitda up 43%

Himadri Speciality Chemical Ltd (HSCL) on Tuesday reported a 40 per cent year-on-year jump in net profit to Rs 123 crore in the first quarter of the current fiscal and said it will retain the traction for the year backed by volume and margin growth. EBITDA increased by 43 per cent year-on-year to approximately Rs 188 crores in Q1FY'25, up from Rs 131 crore in the corresponding quarter of the previous fiscal year. Sales also jumped to Rs 1200 crore during the quarter expanding by 26 per cent. "We have posted robust growth in sales and profitability driven by our value-added speciality products in both coal tar, speciality oils and speciality carbon black. The traction will continue due to various factors," Anurag Choudhary, CMD & CEO of Himadri Speciality, told PTI. Explaining the factors, he said Himadri being the leader with 65 per cent market share in coal tar pitch and remains one of the cheapest producers in the segment, there is no Chinese threat unlike other chemical ...

Market Highlights, July 16: Sensex, Nifty end flat after hitting record highs; RIL, HDFC Bank weigh

Stock Market Highlights today, Tuesday, July 16, 2024: In the broader markets, the BSE MidCap slipped 0.29 per cent, but the BSE SmallCap added 0.32 per cent

Bajaj Auto Q1FY25 results: Profit rises 19% YoY to Rs 1,988 cr; stock up 2%

Bajaj Auto Q1 results: The share price surged after Bajaj Auto reported a solid performance in the first quarter ending June 30, 2024 (Q1FY25)