Page 90 - Q1 Results

Paytm's Q1 earnings may be a blip; analysts positive on the stock

Paytm reported a net loss of Rs 360 crore, but revenue grew 39 per cent year-on-year (YoY) to Rs 2,340 crore

HDFC AMC's Q1 profit surges 52% to Rs 478 crore; revenue rises 10%

The operating profit for the quarter was Rs 413 crore, 11 per cent higher than the last year's figure of Rs 374 crore, the AMC said in a press release

Waaree Renewable Technologies logs 11.89% rise in Q1 profit at Rs 11 cr

Waaree Renewable Technologies Ltd on Monday posted 11.89 per cent rise in consolidated net profit at Rs 11.10 crore for June quarter 2023-24. It had clocked Rs 9.92 crore net profit during April-June 2022-23, the company said in a regulatory statement. Total income of the company rose to Rs 129.68 crore from Rs 95.62 crore in the year-ago quarter. The company is a subsidiary of Waaree Energies Limited.

Chennai Petroleum Corporation Q1 net profit shrinks 76% to Rs 548 crore

In the latest quarter, revenue from operations reduced by 35 percent to Rs 17,985 crore year-on-year from Rs 27,449 crore in the year-ago quarter

Retail chain Shoppers Stop Q1 consolidated profit down 36% to Rs 14.5 cr

Retail chain Shoppers Stop on Monday reported a 36.5 per cent decline in consolidated net profit to Rs 14.49 crore in the June quarter. The company had posted a net profit of Rs 22.83 crore in the April-June period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations in the first quarter of this fiscal was at Rs 993.61 crore, up 4.76 per cent against Rs 948.44 crore in the year-ago period. Its total expenses in the June quarter were at Rs 980.92 crore, up 6.43 per cent. As per its latest annual report, the company operates 270 retail stores, including 98 departmental stores, 132 speciality beauty stores of MAC, Est e Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty, and 23 Airport doors. Shoppers Stop shares on Monday settled at Rs 761.90 on the BSE, down 2.4 per cent from the previous close.

PNB Housing Finance net profit surges 48% to Rs 347 crore in June quarter

The housing finance company's total income during the June quarter was Rs 1,708 crore against Rs 1,412 crore a year ago, the lender said in an exchange filing

IDBI Bank Q1 results: Net profit rises 62% to Rs 1,224 cr, NII up 61%

The lender's net interest margin (NIM) rose 178 basis points, to 5.8% for the first quarter, compared to 4.02% for the same period in the previous year

Canara Bank Q1FY24 net up 74.81% to Rs 3,534.8 crore, NII up 27.7% YoY

The asset quality profile improved, with gross NPAs declining to 5.15 per cent in June 2023 from 6.94 per cent in June 2022

Tata Steel Q1 results: Net profit plunges 92% but still beats estimates

Net profit was Rs 633.95 crore and revenue from operations Rs 59,489.66 crore, 6 per cent lower from a year ago

Poonawalla Fincorp reports 62% rise in net profit to Rs 200 cr in Q1

Poonawalla Fincorp on Monday reported a 62 per cent rise in net profit to Rs 200 crore in the June quarter. The Pune-based NBFC firm -- a financial services arm of the Poonawalla Group which is popular as the world's largest Covid vaccine maker under the flagship Serum Institute of India -- had posted a net profit of Rs 124 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 712 crore from Rs 429 crore in the same period a year ago, Poonawalla Fincorp said in a regulatory filing. Interest income of the company improved to Rs 656 crore from Rs 386 crore in the 2022 June quarter. Total expenses of the NBFC increased to Rs 445 crore as against Rs 295 crore in the year-ago period. The company's asset quality showed improvement as gross non-performing assets declined to 1.42 per cent of gross advances at the end of the June quarter from 2.68 per cent a year ago. Similarly, net non-performing assets or bad loans, declined to 0.76 per cent as

ICICI Bank's re-rating to be gradual, say analysts; see up to 36% upside

ICICI Bank Q1FY24 results: At the bourses, shares of ICICI Bank hit a new 52-week high of Rs 1,008 on the BSE, rising 1 per cent in the intra-day trade

YES Bank shares ends over 3% lower after June quarter earnings of 10%

Yes Bank shares on Monday ended more than 3 per cent lower due to higher provisions numbers which curtailed its net profit growth to 10 per cent in the June quarter. Yes Bank shares declined 3.65 per cent to close at Rs 17.40 apiece on the BSE. A similar movement was also seen on the NSE, where the stock witnessed heavy sell-off pressure at higher levels in the early trade and tanked 3.60 per cent to settle at Rs 17.40 per share. During the day, the stock witnessed a high of Rs 18.45 per piece on the exchange. In volume terms, 27.46 crore equity shares were traded on the NSE, while 4.59 crore shares were traded on the BSE. On Monday, the 30-share BSE Sensex settled 299.48 points or 0.45 per cent lower at 66,384.78 points. SBI-controlled Yes Bank has reported around two-fold rise in provisions for bad loans to Rs 360 crore in the June quarter as a large real estate borrower with Rs 400 crore dues became a dud loan during the quarter. This was because fresh slippages jumped to Rs 1

JK Paper net profit rises 18.3% to Rs 312.56 cr, revenue up 10.77%

JK Paper on Monday reported an 18.3 per cent increase in its net profit to Rs 312.56 crore in the June quarter. The company had posted a net profit of Rs 264.23 crore during the same quarter a year ago, JK Paper Ltd said in a regulatory filing. Its revenue from operations was up 10.77 per cent to Rs 1,584.36 crore during the period as against Rs 1,430.23 crore in the year-ago period, the company said. In the first quarter of the current fiscal (Q1), the total expenses of JK Paper manufacturer of fine paper, coated paper, and packaging boards were at Rs 1,238.34 crore, up 12.43 per cent. JK Paper Vice Chairman & Managing Director Harsh Pati Singhania said, "On a consolidated basis, the results have improved due to the acquisition of corrugation business in the last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation." However, the packaging board business saw a drop in volume and sales realisation and was hit by higher ...

Tamilnad Mercantile Bank Q1 results: Net profit up 12% to Rs 261 crore

The bank's total income during the period was up by 16 per cent, from Rs 1,142 crore in June 2022-23 to Rs 1,323 crore in the fourth quarter of FY24

Tata Steel Q1 consolidated net profit falls over 93% to Rs 524.85 cr

Tata Steel on Monday posted over 93 per cent decline in consolidated net profit to Rs 524.85 crore for the April-June quarter of 2023-24 on account of higher expenses. It had posted Rs 7,714 crore net profit in the corresponding period of 2022-23, according to a company filing to exchanges. Total income also declined to Rs 60,666.48 crore from Rs 63,698.15 crore in the year-ago quarter, a fall of 4.75 per cent. Expenses soared to Rs 58,553.25 crore in the first quarter of FY24 as against Rs 51,912.17 crore a year ago.

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Relaxo Footwears reports surge by 46% in Q1 profit on higher demand

Revenue from operations for the Sparx sports shoes maker rose nearly 11% to 7.39 billion rupees, while its expenses rose 8.5%

Sensex falls for 2nd day, slips 299 pts; ITC sheds 4%; auto stocks gain

CLOSING BELL ON JULY 24, 2023: The NSE Nifty ended with a loss of 73 points; Reliance down 2% was the other major laggard on Monday.

IDBI Bank Q1 results: Net profit jumps by 62% YoY, GNPA ratio down to 5%

The operating profit for Q1FY24 surged 47% to Rs 3,019 crore, as against Rs 2,051 crore in the corresponding period last year