Page 78 - Q1 Results

Markets to focus on Q1 earnings, RBI interest rate this week: Analysts

The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added. "The market will have an eye on the RBI Monetary Policy Committee (MPC) meeting, which will be announced on August 10, 2023. We are heading towards the last batch of Q2 earnings of key companies such as Adani Ports, Coal India, Hero MotoCorp, Hindalco and ONGC, among others, which will lead to stock-specific movement," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the macro front, market participants will be closely observing key events like industrial production and manufacturing production data, which will be released on August 11, Gour said. Trend in global stock markets, movement of the dollar index, the rupee

Axiscades back in black with consolidated net profit of Rs 5.70 cr in Q1

Engineering solutions provider Axiscades Technologies has returned to black posting a consolidated net profit of Rs 5.70 crore during the quarter ended June 30, backed by higher income. It had clocked a net loss of Rs 31.69 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing on Friday. The company's total income surged to Rs 216.33 crore from Rs 186.92 crore in the year-ago quarter. In a separate statement, David Bradley, Chairman of Axiscades, said: "We have started fiscal year 2024 on firm footing, recording a revenue growth of 17 per cent and EBITDA growth by 45 per cent year on year. The recent acquisition of add solution GmbH will give us access to global OEMs (original equipment manufacturers) and help us expand our product offerings to the automotive industry." These acquisitions have been accretive to company's earnings and have helped to achieve its long-term growth goals, he added. Bengaluru based Axiscades is a lea

Affle India's profit after tax rises over 21% to Rs 66.2 cr in April-June

Global technology company Affle (India) Limited on Saturday reported a 21.4 per cent rise in its profit after tax at Rs 66.4 crore in the April-June quarter of this fiscal. The company promoted by Singapore-based Affle Holdings had registered a profit after tax (PAT) of Rs 54.5 crore in the first quarter of FY23, Affle India said in a release. The consolidated revenue from operations grew 17 per cent to Rs 406.6 crore in the reporting quarter as compared to Rs 347.5 crore in the year-ago period. The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased to Rs 78.1 crore during the first quarter of this fiscal, up 13.7. per cent from Rs 68.7 crore in the year-ago quarter. The consumer intelligence driven firm, which transforms advertisements into recommendations helping marketers connect with their target audience, said it has "achieved its highest quarterly revenue run rate ever" in the reporting quarter which saw an "accelerated broad-based growt

Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income

The non-interest income almost tripled YoY to Rs 3,322 crore. Sequentially, it was down from Rs 3,466 crore in Q4FY2

Punjab & Sind Bank's net profit falls 25% to Rs 153 crore in June quarter

Public sector lender Punjab & Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due to the provision of wage revision and fresh slippages. The lender had reported a net profit of Rs 205 crore in the April-June quarter of 2022-23. The total income increased to Rs 2,494 crore in the first quarter of 2023-24 against Rs 1,915 crore a year ago, as per a regulatory filing. During the quarter, the bank earned an interest income of Rs 2,316 crore compared to Rs 1,800 crore in the year-ago period. Explaining the reason for the decline in profit, Punjab & Sind Bank managing director Swarup Kumar Saha said the bank has made a Rs 57 crore provision towards the wage revision under negotiation and Rs 450 crore in fresh slippages, including a mid-corporate of Rs 92 crore in the quarter. The bank has made a provision of Rs 42 crore for that particular account, which is in the logistics business, he said. On the asset quality ..

Computer Age Management reports Q1 consolidated profit at Rs 75.67 cr

Computer Age Management Services Ltd has reported a consolidated profit for the April-June 2023 quarter at Rs 75.67 crore, the company said on Saturday. The company, one of the largest registrar and transfer agents in the mutual fund industry, has reported a consolidated profit at Rs 64.60 crore in the corresponding period of last year. For the year ending March 31, 2023, the consolidated profit was at Rs 284.63 crore. Total consolidated revenue during the quarter under review grew to Rs 2,709.77 crore from Rs 2,410.82 crore registered year ago. For the full year ending March 31, 2023, the consolidated total revenue was at Rs 9,986.40 crore. "The Indian mutual fund industry grew by 6.4 percent quarter-on-quarter to reach Rs 43.8 trillion in AAUM and is well-positioned for future growth. Our assets under management grew by 6.8 per cent quarter-on-quarter, ahead of the industry, to cross the Rs 30 trillion mark," company Managing Director Anuj Kumar said. "We also had a higher shar

Kilburn Engineering reports 145% surge in PAT to Rs 7.09 crore in Q1

Expressing optimism for the remaining quarters, the company cited its current order book and pending enquiries of over Rs 700 crore at various stages of quotation

JK Tyre & Industries Q1 PAT jumps four-fold to Rs 153.87 cr, revenue up 2%

In the June quarter the company successfully depleted its previously held high-priced inventory due to steady raw material costs

M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%

The board has recommended a dividend of Rs 16.25 per share

SBI Q1 results: Net profit up 178% to Rs 16,884 cr, NII rises 25%

Credit growth robust in all segments, says chairman of public sector lender

Britannia Industries' net profit up 35.6% as margins expanded in Q1

The maker of Good Day and Marie Gold biscuits saw its PBIDT at Rs 745.8 crore. It was down 13.4 per cent on a quarter-on-quarter basis

After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said

CESC reports more than 21% rise in Q1 profit on strong power demand

Revenue from operations rose 5.07% at Rs 4310 crore, while total expenses rose 6.61% to Rs 4194 crore

Aditya Birla Fashion and Retail Q1FY24 results: Net loss of Rs 141 crore

The company's revenue from operations was up 11.1 per cent to Rs 3,196.06 crore as compared to Rs 2,874.76 crore in Q1FY23

SBI Q1FY24 result: Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY

India's largest state-owned bank clocked a NII of Rs 38,905 crore

Lupin hits 2-year high on strong Q1 results; zooms 66% since April

With clearance of Pithampur Unit-2, the company expects to add product approvals for the US region

Vardhman Textiles Q1FY24 result: Net profit falls 58% YoY to Rs 136 crore

The total income for Q1FY24 came in at Rs 2,412.57 crore, compared to Rs 2,831.79 crore YoY, falling 14.8 per cent

M&M Ltd Q1FY24 result: Consolidated net profit up 56% YoY to Rs 3,683 cr

The revenue from operations for Q1FY24 came in at Rs 33,406.44 crore, compared to Rs 28,412.38 crore year-on-year

Bank of Baroda to report Q1FY24 results on Aug 5; here's what to expect

Bank of Baroda Q1FY24 results preview: Analysts expect growth in personal loan book to remain robust, taking the total loan book to Rs 9.61 trillion

LIC Housing Finance hits 10-month high on 43% YoY net profit growth in Q1

In the past one year, this non-banking financial services (NBFC) stock has surged 16 per cent, as against a 12 per cent jump in the S&P BSE Sensex