Page 85 - Q1 Results

Indian Oil Q1FY24 results: Net profit at Rs 13,750 cr YoY; revenue down 12%

The revenue from operations for Q1FY24 came in at Rs 2.2 trillion, compared to Rs 2.5 trillion last year

Mahindra Finance Q1FY24 results: Net profit rises 58% to Rs 353 crore

The revenue from operations was up 25 per cent to Rs 3,125.4 crore during the quarter

BEL hits record high on strong Q1 results; stock up 32% so far in 2023

The state-owned company saw 12.5 per cent YoY revenue growth to Rs 3,446 crore in Q1FY24, whereas total expenses climbed 9.4 per cent YoY to Rs 2,948 crore

Exide Q1FY24 results: Net profit at Rs 241 cr YoY; revenue up 4.2%

On a quarter-on-quarter basis, the revenue for operations was up 14.94% at Rs 3,542.96 crore

Maruti Q1 revenue likely to be flat QoQ; high RM costs may contract margins

On the bourses, shares of Maruti Suzuki surged 16 per cent so far this calendar year (CY23), as against a 9 per cent jump in the S&P BSE Sensex

Indian Bank hits over 4-year high; gains 4% in weak market post Q1 results

The stock of the public sector bank hit its highest level since August 2018

Intellect Design soars 15% as total income rises 19% YoY in Q1FY24

So far this calendar year (CY23), Intellect Design has rallied 47 per cent, as against 9 per cent jump in the S&P BSE Sensex

RailTel posts consolidated income of Rs 483 cr in Q1, PAT jumps to Rs 38 cr

As per the official statement, the Company has posted a YOY growth of 25 per cent in total consolidated revenue with Rs 483 crore in Q1 of FY 24 as against Rs 385 Cr in Q1 of FY 23

Ajanta Pharma rallies 9%; hits record high on strong Q1 results

In past one week, the stock has surged 19 per cent and rallied nearly 40 per cent so far this calendar year.

Stocks to Watch: Bharti Airtel, Adani Ent, Cipla, RailTel, Indian Hotels

Stocks to Watch on July 28, 2023: Despite a 10 per cent increase in revenue, telecom provider Airtel Africa announced a net loss of $151 million in the first quarter (April-June) of FY24 on Thursday

Sterlite Technologies Q1 results: Net profit rises 156% to Rs 46 crore

The company's revenue rose 2 per cent to Rs 1,522 crore in Q1FY24, up from Rs 1,487 crore

Indus Towers Q1 net profit rises nearly three-fold to Rs 1,348 cr

India's largest mobile tower company Indus Towers on Thursday reported a nearly three-fold jump in consolidated net profit to Rs 1,348 crore for the June 2023 quarter. The company had posted a net profit of Rs 477 crore in the same period a year ago. Its revenue grew three per cent during the reported quarter to Rs 7,076 crore compared to Rs 6,897 crore in the year-ago quarter. The company said strong tower additions on account of 5G rollouts and collections drive performance led to its growth during the June 2023 quarter even after making a doubtful debt provision of Rs 1,233 crore. "We are pleased to have delivered a solid operational performance in the first quarter of the financial year 2024, with the highest quarterly tower additions in our history. The steady collections have aided our financial performance. "With the 5G rollouts by operators and network expansion of a major customer progressing at speed, Indus Towers is also keeping pace to capture the growth opportunity an

Bajaj Finserv Q1 results: Consolidated net profit up 48% to Rs 1,943 crore

The interest income rose to Rs 12,130 crore in Q1FY24 from Rs 8,971 crore in Q1FY23

Private sector banks post robust 37% YoY growth in net profits in Q1

The rise in provisions and contingencies, that for standard loans and NPAs, was 10.8% YoY to Rs 9,596 crore in Q1Fy24

Indus Towers Q1 results: Net profit jumps 182% to Rs 1,348 crore

Quarterly tower additions stood at their highest levels ever at 5048

Nestle India net profit rises 36.9% in June qtr on higher sales and margins

During the quarter, the company launched three products -- Resource Fiber Choice, for gut health solution; Everyday Zero, the dairy whitener with no added sugar; and MUNCH breakfast cereals

National Stock Exchange PAT up 9% to Rs 1,844 crore in first quarter

The bourse's revenue from operations stood at Rs 2,987 crore, up 13 per cent YoY

Textile manufacturer Arvind profit down 31% to Rs 70 cr in June quarter

Textile manufacturer Arvind Ltd on Thursday reported a 31.41 per cent decline in consolidated net profit at Rs 69.70 crore for June quarter 2023-24. The company had posted a net profit of Rs 101.62 crore for the year-ago period, Arvind said in a regulatory filing. Revenue from operations was down 21.20 per cent at Rs 1,853.27 crore during the quarter, as against Rs 2,352.12 crore in the corresponding period of the previous fiscal. "EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin of the overall business increased 30 basis points on a year-on-year basis. This is on account of softening raw material prices and improved performance of advanced materials business," stated an earnings statement from Arvind. Total expenses in the quarter under review were Rs 1,774.36 crore, down 20.58 per cent compared to the year-ago period. Revenue from textiles was Rs 1,418.11 crore in the June quarter and the same from advanced material was Rs 341.96 crore. "Advanced

Venture capital investment declines slightly to $77.4 bn in Q1: KPMG report

Venture capital investment globally declined slightly to USD 77.4 billion across 7,783 deals in the June quarter as investors continued to hold back from making large mega-deals amidst uncertainties, a KPMG report said on Thursday. In a report titled Venture Pulse Q2 2023, which analyses venture funding globally, KPMG said VC investment held relatively steady in April-June, led by a USD 6.8 billion raise by US-based Stripe, USD 2 billion raise by Singapore-based Shein, USD 1.3 billion raise by US-based AI startup Inflection, and USD 700 million raise by India-based Byju. With regard to India, the report said despite a small uptick quarter-over-quarter, VC investment remained very subdued. The April-June quarter of 2022 saw over USD 8 billion in VC investment in India. The largest deals in Q2 2023 in India included a USD 700 million raise by edtech Byju, USD 600 million raise by online optical platform Lenskart, and USD 168.1 million raise by mobile balance management app company Tru

Sundram Fasteners report consolidated profit at Rs 128.74 cr in Q1

Auto components maker Sundram Fasteners Ltd on Thursday reported a consolidated profit for the April-June quarter at Rs 128.74 crore, the company said on Thursday. The city-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. For the year ending March 31, 2023 the consolidated profit stood at Rs 500.35 crore. The company, in a BSE filing said, it incurred capital expenditure for the quarter that ended June 30, 2023 in line with its planned capital expenditure of Rs 300 crore for the financial year 2023-24. Total income on a consolidated basis for the quarter under review was Rs 1,415.27 crore as against Rs 1,421.70 crore recorded in the same period of last year. For the year ending March 31, 2023, the consolidated total income stood at Rs 5,707.60 crore. The domestic sales (on a standalone basis) for the quarter under review were at Rs 821.97 crore as against Rs 798.50 crore during the previous year. Export sales were impa