Page 94 - Q1 Results

Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000

Closing Bell on July 20: The market discovered price of Jio Financial Services as Rs 261.85 per share, much higher than estimates

Infosys Q1FY24 result: Net profit up 10.9% to Rs 5,945 cr; attrition falls

The operating margin for the quarter was stable at 20.8%. Its attrition declined to 17.3% during the quarter

CSB Bank Q1 net rises 15% to Rs 132 cr on growth in loan book, deposits

During the quarter under review, the bank's total income increased 36 per cent to Rs 805.04 crore from Rs 590.78 crore in the first quarter of 2021-22

Havells Q1FY24 result: Net revenue up 14% YoY; disrupted summer drags sales

Ebitda increases by 11% YoY but goes down by 24% QoQ; LLoyd witnesses steady growth

DB Corp reports 2.5-fold rise in net profit to Rs 78.75 cr in Q1FY24

Media firm DB Corp Ltd on Thursday reported over two-and-half-fold jump in consolidated net profit at Rs 78.75 crore in the first quarter ended June 30, 2023 riding on robust advertising revenue growth. The company had posted a consolidated net profit of Rs 31 crore in the same period last fiscal, DB Corp said in a regulatory filing. Consolidated total income during the period under review stood at Rs 573.6 crore, as compared to Rs 499.38 crore in the corresponding quarter last fiscal, it added. Total expenses in the first quarter were at Rs 469.97 crore, as against Rs 457.3 crore in the same period a year ago. The company, which publishes newspapers including Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, said the resurgence in print media continues to dominate all forms of media as the most trusted source of news, and this resurgence has resulted in a strong fillip as advertisers look for the best avenue for their marketing spends. "Print advertisement ...

Newgen hits new high on strong Q1 results; zooms 126% so far in 2023

The company has reiterated its guidance of 20 per cent topline growth and EBITDA margin of 20-21 per cent in FY24.

L&T Finance Q1 net doubles to Rs 531 cr, credit costs decline sharply

Dinanath Dubhashi, Managing Director & CEO, LTFH said the NIM+ Fees are stabilising. The interest rates in the system are also beginning to stablise

Newgen Software Technologies profit rises 57% to Rs 30 cr in April-June

Unified digital transformation solutions provider Newgen Software Technologies Ltd on Wednesday reported a 57 per cent rise in its profit after tax at Rs 30 crore in the April-June quarter of the current fiscal. The company had reported a profit after tax (PAT) of Rs 19.2 crores in the first quarter of the previous fiscal, Newgen Software said in a release. Revenue from operations stood at Rs 251.7 crore in the reporting quarter, which was 34 per cent higher than Rs 187.9 crore in the year-ago period. According to Diwakar Nigam, the Chairman & Managing Director of Newgen Software Technologies, the company witnessed the highest quarterly revenue growth rate amid rising demand for digital transformation and automation. "We are witnessing immense opportunities for digital journeys across the financial services sector as well as new requirements for automation at scale. The launch of the recent version of NewgenONE platform further shows our commitment towards this direction. We are ..

Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

Bank of Maharashtra Q1 net up 95.2% YoY at Rs 882 cr; NPA provisions fall

It made a provision of Rs 250 crore for any additional burden due to shifting to expected credit loss (ECL) for loan portfolio

Jubilant Pharmova's Q1 consolidated net profit dips 87% at Rs 6 cr

Jubilant Pharmova Ltd on Wednesday reported an 87 per cent decline in consolidated net profit at Rs 6 crore in the first quarter ended June 30, impacted by higher expenses. The company had posted a consolidated net profit of Rs 46.8 crore in the same period last fiscal, Jubilant Pharmova said in a regulatory filing. Consolidated total revenue from operations were at Rs 1,586.9 crore, as compared to Rs 1,451.7 crore in the year-ago period, it added. Total expenses in the first quarter were at Rs 1,568.9 crore, as compared to Rs 1,393.8 crore in the corresponding period a year ago. Among various segments, Jubilant Pharmova said the radiopharmaceuticals vertical clocked a revenue of Rs 204 crore in the first quarter, while the radiopharmacies registered Rs 487 crore revenue. The generics business had a revenue of Rs 202 crore and the contract development and manufacturing organisation (CDMO) API segment had posted revenue of Rs 177 crore.

Tata Coffee Limited (TCL) June quarter revenue grows 6% to Rs 708 crore

The operations in Vietnam by Tata Coffee continue to deliver strong sales with improved profitability

Infosys may beat peers on Q1 profit growth; risk to revenue guidance eyed

Infosys may post a net profit of Rs 6,245 crore for Q1, up 2 per cent sequentially, much better than the 3-11 per cent QoQ slide in net profits of TCS, HCL Tech and Wipro

Strong Q1 likely for capital goods firms with low costs, healthy execution

Cheaper raw material, lower freight costs, better supply chain management to help sector: Analysts

Bank of Maharashtra Q1FY24 result: Net profit up 95% YoY to Rs 882 cr

Net Interest Income (NII) grew by 38.80% YoY to Rs 2,340 crore in Q1FY24 as against Rs 1,686 crore for Q1FY23

HUL Q1 revenue may rise up to 9% YoY; soft RM costs to aid margin: Analysts

HUL Q1FY24 preview: As per brokerages, earnings before interest, tax, depreciation, and amortisation (Ebitda) margins is likely to expand up to 63 basis points (bps) YoY to 23.4 per cent

Himadri Speciality Chemical Q1 net profit more than doubles to Rs 86 cr

Himadri Speciality Chemical Limited's profit after tax during the June 2023-24 quarter has more than doubled to Rs 86 crore, on account of reduced expenses. It had posted Rs 38 crore profit after tax (PAT) in the corresponding period in 2022-23, Himadri Speciality Chemical Limited (HSCL) said in a regulatory filing on Tuesday. However, the company's total income fell to Rs 961 crore from Rs 1,048 crore in the year-ago quarter, it said. The expenses also reduced to Rs 842 crore from Rs 1,000 crore earlier. "Our performance during this period is attributable to the consistent move towards value-added products. Our business priorities are aligned with global sustainability goals," Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd said. He further said that the role of lithium-ion batteries (LiB) technology has evolved and stabilized over the last few decades to become commercially feasible across all segments viz. electric vehicles, energy storage and consumer ...

Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days

With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday morning.

Stocks to watch: L&T Tech, Paytm, Rallis India, Piramal Pharma, NMDC

Stocks to watch on July 19, 2023: From Paytm to Piramal Pharma, here are the top stocks to watch in Wednesday's trading session

TV18 Q1 profit rises 52% to Rs 91.2 cr; revenue up two-fold at Rs 3,176 cr

TV18 Broadcast Ltd on Tuesday reported a 51.94 per cent increase in its consolidated net profit at Rs 91.20 crore in the April-June quarter, led by a phenomenal performance by its OTT platform JioCinema during IPL cricket league. The company had posted a net profit of Rs 60.02 crore in the April-June period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was up over two folds to Rs 3,176.03 crore compared to Rs 1,265.05 crore in the corresponding quarter a year ago. "Consolidated revenue for the quarter grew 151 per cent YoY, driven by the performance of IPL on JioCinema," said TV18 Broadcast in its earnings statement. Its OTT streaming platform JioCinema has set new benchmarks of scale and engagement with the first season of IPL, marking an "inflection point" for both viewers and advertisers. However, it also added advertising environment for its other business continues to be 'soft with improvement' in some pockets.