Page 67 - Q1 Results

Samsung estimates 10-fold rise in its Q1 profit as chip prices recover

In its mobile business, Samsung likely reported a solid profit after launching sales of its new flagship Galaxy S24 smartphones in late January, analysts said

CY24 trend so far: Two unicorns, but funding to startups down 29%

India 4th-largest recipient of funding

Tyson Foods posts better-than-expected Q1 results, beef biz swings to loss

Shares of the Springdale, Arkansas-based company rose about 3% in premarket trade at $58

Ashok Soota-led Happiest Minds eyes strong momentum from India biz

Manufacturing and banking, financial services and insurance (BFSI) together contribute about 26 per cent to the total revenues

Gillette India net profit rises 7% to Rs 93 crore during Sept quarter

Grooming products maker Gillette India on Tuesday reported 6.81 per cent increase in net profit at Rs 92.69 crore for the first quarter ended September 30, 2023. The company, which follows the July-June financial year, had reported a profit of Rs 86.78 crore in the year-ago period, according to a regulatory filing by Gillette India Ltd (GIL). Revenue from operations was up at Rs 667.55 crore during the quarter under review as against Rs 619.92 crore in the same quarter a year ago. The revenue growth was driven by "superior retail execution, strong brand fundamentals and its integrated growth strategy," said an earning statement from GIL. Its profit growth was led by premiumisation, deliberate productivity interventions, partially offset by a one-time expense. Excluding this one-time impact, operational Profit After Tax (PAT) was up 14 per cent versus a year ago, GIL said. Total expenses were at Rs 551.03 crore, up 9.62 per cent during the quarter. Revenue from the grooming segme

Travel platform Yatra Online reports Q1 net profit of Rs 5.99 crore

Platform sees strongest quarter on the air front since Covid

Net claims of non-residents on India rise to $379.7 bn in Q1: RBI

Net claims of non-residents on India increased USD 12.1 billion to USD 379.7 billion in the June quarter on account of higher rise in foreign-owned financial assets, according to RBI data released on Thursday. Increase in reserve assets, at USD 16.6 billion, was the largest contributor to the rise in Indian residents' foreign assets during the April-June period, followed by direct investment, loans and trade credit, as per the data on India's international investment position' for June-end. "The rise in net claims of non-residents during the quarter was on account of higher rise in foreign-owned financial assets in India (USD 36.2 billion) when compared with Indian residents' overseas financial assets (USD 24.1 billion)," the Reserve Bank of India (RBI) said. "Inward portfolio investment (USD 15 billion) and foreign direct investment (USD 8.9 billion) together accounted for two-thirds of the rise in foreign liabilities of Indian residents," it added. As per the data, reserve assets

Margin recovery key for Blue Dart Express stock, volume growth expected

Operating profit margins expected to rise 13% in FY25 on better capacity utilisation, lower Brent-ATF disparity

CEA rejects 'statistical discrepancy' criticism on Q1 growth numbers

Chief Economic Advisor V Anantha Nageswaran has rejected criticism of 'statistical discrepancy' in the first quarter GDP data, saying when the same statistical authority reported the severest contraction in the first quarter of 2020, the naysayers had called it credible as it suited their narrative. "In Q1 of 2023-24, the discrepancy of 2.8 per cent has a plus sign. This indicates that the expenditure side has explained only 97.2 per cent of the income side. It does not mean that the 2.8 per cent that has yet to be explained does not exist," Nageswaran said in an op-ed article. "It exists and lends itself to being explained in subsequent quarters. Similarly, the preceding eight quarters have shown negative discrepancies. It means that the expenditure side has been over-explained and needs to be reconciled," the article co-authored by senior government economist Rajiv Mishra said. Over a long period, the negatives and positives offset each other, it said, adding that between 1Q FY12

After Q1FY24 results, Street positive on IDFC First Bank's growth strategy

Provisions were flat sequentially (up 55 per cent YoY) at Rs 480 crore and net profit was at Rs 770 crore (up 61 per cent YoY and down 5 per cent QoQ)

Coal dispatch grows 6% to over 324 MT during Apr-Aug: Coal ministry

Coal dispatch to the power sector increased 6 per cent to 324.5 million during the April-August period of the current fiscal, an official statement said on Tuesday. Coal dispatch to the power sector was at 306.70 MT during the year-ago period, the Ministry of Coal said. "Coal dispatch to the power sector from April to August amounted to 324.5 MT, a growth of 5.8 per cent compared to 306.7 MT in corresponding period of the previous year," it said. As on August 31, the overall coal stock position at mines, thermal power plants and transit was 86 MT compared to 68.76 MT a year ago, an increase of over 25 per cent. "This higher coal stock position indicates commitment of maintaining ample supply, and highlights effective stock management strategies and operational efficiency," the ministry said. The ministry further said there has been a 53.13 per cent decline in the import of thermal coal for blending to 9 MT in the April-August period from 19.2 MT a year ago. This underscores the .

India's agri growth reaps harvest of rabi at 3.5% in June quarter

The India Meteorological Department (IMD) in its latest forecast released today though held out some hope

Scotch maker Chivas Brother reports growth of 27% in India in FY23

Chivas Brothers, a leading manufacturer of Scotch whiskey, clocked a 27 per cent growth in sales in FY23 in the Indian market led by new Scotch audiences and premiumisation of the market. India in FY23 emerged as one of the "top growing markets" value-wise for the company, said its Chairman and CEO Jean Etienne Gourgues. Chivas Brothers follows the July-June financial year. Chivas Brothers is an entity owned by the French liquor major Pernod Ricard. It operates with single malt and blended Scotch whisky brands, including Chivas Regal, Ballantine's, Royal Salute and The Glenlivet. "It is a big growth. It is directly driven by the value and the organisation. Overall group's performance in India is still high. It plus 13 per cent. Scotch whisky, the higher part of that is growing faster. Brands such as Glenlivet are enjoying very strong growth. The higher the brand, the stronger the growth," Gourgues told PTI in an interview after the results. He further also said there is a bit of an

Essar Oil reports Rs 190 cr revenue, net profit of Rs 81 cr for June qtr

The PAT for the quarter was up 12 per cent due to improvement in sales volume, it said in a statement

Sales, margin outlook remain strong for P&G Hygiene and Healthcare

The company reported double-digit sales growth, and margin expansion in the June quarter

Sales growth of listed private non-financial cos moderates to 2.1% in Q1

The combined sales figures of 1,712 listed private manufacturing companies exhibited a relatively stable trend compared to the same period in the previous financial year

Gillette India June quarter PAT up 36% to Rs 92 cr helped by sales growth

Shaving and oral cleaning products maker Gillette India Ltd on Tuesday reported 35.74 per cent rise in profit after tax (PAT) at Rs 91.75 crore for the fourth quarter ended June 2023 helped by sales growth and increased productivity. The company, which follows July-June financial year, had reported a profit of Rs 67.59 crore for the corresponding quarter of the preceding year. Revenue from operations increased 12.03 per cent to Rs 619.44 crore during the quarter under review as against Rs 552.89 crore a year ago, Gillette India said in a BSE filing. "PAT for the quarter was Rs 92 crore, up 36 pc versus year ago behind strong sales growth and productivity in the current quarter," said an earning statement from Gillette India. Total expenses in the quarter was at Rs 500.58 crore, up 8.30 per cent from the year-ago period. Total income of the company, which owns leading brands Gillette and Oral B - in the June quarter increased 12.59 per cent to Rs 624.22 crore. This was "driven by

Fintech-firm Aye Finance posts Rs 38.67 crore profit in Q1 of FY24

Aye Finance, a fintech firm which mainly provides unsecured small-ticket business loans to micro enterprises, has reported a nearly four times increase in net profit to Rs 38.67 crore in the first quarter of the current fiscal. The Gurugram-headquartered company had posted a net profit of Rs 9.78 crore during April-June 2022-23. Its profit during 2022-23 stood at Rs 60 crore. The quarter's financial results have positioned Aye Finance as a frontrunner in the micro-enterprise lending domain, with its unique business model yielding substantial gains, it said in a release. "Our innovative approach, coupled with responsible lending practices and efficient processes across all verticals, continues to fuel our success in serving micro enterprises," said Sanjay Sharma, founder and managing director, Aye Finance. Incorporated in 2014, the fintech lender is backed by CapitalG, Elevation Capital, Light Rock, Alpha Wave, A91 Partners and MAJ Invest.

P&G Hygiene and Health profit jumps over 3-fold to Rs 151 cr in Jun qtr

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd has reported an over three-fold rise in Profit After Tax (PAT) at Rs 151.24 crore in the June quarter. The company, which follows the July-June financial year, had reported a PAT of Rs 42.55 crore in the corresponding quarter of the previous fiscal. Its net sales were 12.31 per cent higher at Rs 848.74 crore during the quarter under review, as against Rs 755.65 crore in the year-ago period, Procter & Gamble Hygiene and Health Care Ltd (PGHH) said in a regulatory filing. "PAT for the quarter was Rs 151 crore, versus Rs 43 crore a year ago because of strong base business growth and one-time help," a PGHH earnings statement said. Its revenue from operations stood at Rs 852.53 crore, up 9.8 per cent in the June quarter. PGHH's total expense was Rs 656.05 crore in the June quarter, down 9.42 per cent as against Rs 724.31 crore a year ago. The total income of the company, which owns popular brands such as Vicks in ...

Top 5 family-owned biz groups see a mixed Q1; net profits up 13.9%

Combined net sales of listed firms in these groups slowed to 2.2%