Page 89 - Q1 Results

Most investors expect a market correction: Naveen Kulkarni, Axis Securities

Market's focus has shifted to corporate earnings' growth, backed by comfort in valuations, says Naveen Kulkarni, chief investment officer at Axis Securities.

L&T gets board nod for Rs 10K cr share buyback; Q1 profit surges 46.5% YoY

The board also decided to give a special dividend of Rs 6 per share, which company executives said is to mark A M Naik's tenure at L&T

Bajaj Auto posts 41% jump in Q1 net profit on strong domestic sales

Its export volumes improved sequentially by 12 per cent amid the continued macro challenges in overseas markets

SBI Life Insurance Q1 results: Net profit rises 45% to Rs 380 crore

New Business Premium (NBP) has grown by 11% to Rs 6210 crore in Q1 FY 24 aided by growth in single premium business by 18%

Tata Motors rides on JLR to see 42% surge in revenue; posts Rs 3,200 cr net

Outlines Rs 38K crore capex for the year

CEAT Q1 net profit increases 15-fold on dip in raw material prices

During the Q1 of FY24, the company's total income was also seen up by 4 per cent to Rs 2,938 crore against Rs 2,821 crore during the Q1 of FY23

Bright strokes for Asian Paints as profit soars 52% to Rs 1,550 crore

On a quarter-on-quarter (QoQ) basis, the company's net sales rose by 4.6 per cent, and net profit increased by 25.6 per cent

UTI AMC logs over two-fold jump in Q1 profit after tax to Rs 234 cr

UTI Asset Management Company on Tuesday reported a more than two-fold jump in profit after tax to Rs 234 crore in the June quarter. The company had posted a profit after tax of Rs 92 crore in the same quarter in the preceding fiscal, UTI AMC said in a regulatory filing. The company's total revenue from operations surged 60 per cent to Rs 468 crore in the first quarter of the current fiscal compared to Rs 293 crore in the same period of the preceding fiscal. For the June quarter, UTI Mutual Fund's average assets under management were Rs 2.48 lakh crore and had a market share of 5.76 per cent. "Despite the volatility and corrections in the market, the Indian mutual fund industry continues to attract investors' interest," Chief Executive Officer UTI AMC Imtaiyazur Rahman said. UTI AMC is the investment manager to UTI Mutual Fund. It has a countrywide network of branches along with a diversified distribution network.

Delta Corp posts 19% higher profit on sustained casino gaming demand

Revenue from its mainstay casino gaming division rose about 11%, helping net sales climb nearly 9% to 2.73 billion rupees

L&T result: Net profit jumps 46%; special dividend of Rs 6 a share declared

The company's Ebitda saw a fall to Rs 4,869 crore in Q1FY24, as compared to Rs 3,953 crore in the corresponding period of the previous year

Hitachi Energy India June quarter net profit jumps 79.85% to Rs 2.41 cr

Hitachi Energy India Ltd (HEIL) on Tuesday posted a 79.85 per cent jump in net profit at Rs 2.41 crore in the April-June quarter of 2023-24, on account of higher income. It had posted a net profit of Rs 1.34 crore in the corresponding period of 2022-23, the company said in a regulatory filing. The total income also increased to Rs 1,043 crore from Rs 991.32 crore in the year-ago quarter. Expenses soared to Rs 1,039.62 crore in the first quarter of FY24, as against Rs 989.21 crore a year ago. In a separate statement, company's MD and CEO N Venu said: "We remain focused on balancing our operational complexity and efficiencies to preserve the growth momentum. "While persistent delays in chips and electronics led to lower revenue in the quarter, sustained operational excellence efforts provide visibility in the near-term." In the quarter ending June 30, 2023, the company received orders worth Rs 1,147.5 crore, up 6 per cent year-on-year (y-o-y). Headquartered in Switzerland, Hitachi

Shoppers Stop shares drop 5% as profit tumbles 34% on investments

Total expenses rose 5.8% for Shoppers Stop, which sells products ranging from Vero Moda apparel to Michael Kors watches at its stores

Sensex ends flat in choppy trade; Metals gain; Asian Paints dips 4%, ITC 2%

CLOSING BELL ON JULY 25, 2023: The NSE Nifty ended 8 points higher; Tata Steel and JSW Steel were the major gainers on Tuesday.

Tata Motors Q1FY24 results: Auto giant records net profit of Rs 3,202 crore

The commercial vehicle volumes were lower by 15% over the prior year due to the transition to BS-VI Phase-2

Cipla Q1 preview: India biz may push profit over 50% QoQ; US sales to drag

Cipla Q1 preview: The company's domestic business can grow 15 per cent quarter-on-quarter (QoQ), while US business could contract by up to 4 per cent QoQ to $195 million

Asian Paints Q1FY24 results: Net profit jumps 52.5% to Rs 1,550 crore

The company cited economic uncertainty, forex crisis and liquidity issues in Asia and Africa for a fall in its international sales

Gravita India's Q1 net profit grows 18% to Rs 52.55 cr, total income jumps

Recycling company Gravita India has posted around 18 per cent jump in consolidated net profit at Rs 52.55 crore in the April-June quarter of 2023-24 on account of higher income. It had posted Rs 44.65 crore net profit in the corresponding period of 2022-23, the company said in a regulatory filing. Total income also increased to Rs 726.76 crore from Rs 630.01 crore in the year-ago quarter. Expenses soared to Rs 665.58 crore in the first quarter of FY24 as against Rs 580.04 crore a year ago. In May, Gravita India raised a 34 million euros loan facility from two European developmental financial institutions for its capex and working capital needs besides sustainability initiatives. Jaipur-based Gravita is a leading recycling company with 11 manufacturing facilities across the globe having total capacity of 2.51 lakh MTPA (metric tonne per annum).

TVS Credit Services reports 40.9% jump in Q1 net profit, total income up

Non-banking financial company TVS Credit Services Ltd has reported a 40.9 per cent rise on its net profit for the quarter ending June 30,2023 at Rs 117 crore, the company said on Tuesday. TVS Credit Services had reported Rs 83 crore as net profit during the corresponding quarter of previous year. Total income during the quarter under review grew to Rs 1,353 crore from Rs 868 crore registered in the same period of last year. The assets under management during the April-June quarter stood at Rs 21,924 crore as compared to Rs 15,396 crore recorded in the corresponding quarter of last year. In Q1 FY24, the company's business witnessed substantial growth in loan disbursals across its product portfolio, attributed to vehicle and consumption-led credit demand, TVS Credit Services Ltd said in a statement. "During this period TVS Credit added nearly 10 lakh new customers, bringing its total customer base to over 1.1 crore as of date," the company said. During the quarter under review, the

Sharda Cropchem slips 7%, hits 3-month low on disappointing Q1 results

The company's revenues during the quarter declined 22.7 per cent YoY to Rs 638 crore due to lower sales in Europe and The North American Free Trade Agreement (NAFTA) Region.

L&T Q1 preview: Buyback, special dividend and other things to know

So far in this calendar year (CY23), shares of L&T surged 24 per cent, as against 9.1 per cent gain in the S&P BSE Sensex