Page 95 - Q1 Results

IndusInd Bank Q1 results: Net profit rises 32.5% to Rs 2,124 crore

Net interest income (NII) grew by 18 per cent YoY to Rs 4,867 crore

L&T Tech net profit rises 13% to Rs 311.1 cr in Q1 FY24; revenue up 14.7%

On the other hand, the growth was led by the transportation vertical, which grew 3.9 per cent

Hazy business outlook clouds LTIMindtree's double-digit growth plan

Orders remained robust while Q1 margins came in line with estimates

ICICI Lombard posts 12% rise in Q1 profit on higher investment income

Income from investments jumped nearly 27% to 6.22 billion rupees, helped by an increase in the market value of securities and higher profits on the sale of investments

Some discretionary spend may return for high-tech sector: LTIMindtree chief

In a Q&A, Debashis Chatterjee, CEO & MD of the firm, talks about the reasons for its subdued growth, deals pipeline, and acquisitions strategy

HeidelbergCement Q1 profit rises 1.4% to Rs 52.32 cr amid easing fuel price

HeidelbergCement India on Tuesday reported a marginal rise of 1.37 per cent in net profit at Rs 52.32 crore for the first quarter ended June 30, amid easing fuel price and packaging cost. The company had reported a net profit of Rs 51.61 crore in the April-June quarter a year ago, HeidelbergCement India said in a regulatory filing. Its total revenue from operation rose marginally to Rs 595.64 crore during the quarter under review. It was Rs 589.89 crore in the corresponding quarter of the previous fiscal. "On a per tonne basis, total operating cost including freight, decreased by 6 per cent y-o-y primarily due to a decrease in fuel prices and packaging cost," HeidelbergCement said in its earnings statement. HeidelbergCement India's total expenses were at Rs 538.90 crore, up 1.51 per cent in the first quarter of the financial year 2023-24. However, in the June quarter, HeidelbergCement's sales volume was up 8.2 per cent to 1,203 KT, as against 1,112 KT in the corresponding quarter.

Sensex ends choppy day 205 pts up; Nifty below 19,750; IT index sole gainer

Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers

L&T Technology Services reports 13% rise in net profit in Apr-June quarter

The profits were, however, down 8.5% sequentially as compared to Rs 340.1 crore in the previous quarter

IndusInd Bank Q1FY24 results: Net profit up 30%, gross bad loans at 1.94%

The net NPAs fell to 0.58 per cent from 0.67 per cent during the period

India Inc sees revenue growth moderation for 4th straight quarter to 6-8%

India Inc is set to report a 6-8 per cent slowdown in revenue growth in the April-June period, making it the fourth straight quarter of a dip in the key number, an arm of rating agency Crisil said on Tuesday. However, from a profitability perspective, corporate India is set to report an increase in margins to 20 per cent as against 19.6 per cent in the year-ago period, due to softness in the commodity prices, Crisil Market Intelligence and Analytics said in a note. Moderation in the revenue growth will be on the back of low realizations and a high base, it said. The revenue growth will be 2 percentage points lower than the one observed in the preceding January-March quarter, it said, adding that this will be the first time in eight quarters that the listed companies will show a sequential decline in revenue growth. After an analysis of 300 companies from 47 sectors, excluding financial services and oil and gas, the report said 14 sectors are likely to witness a fall in revenue whil

ICICI Prudential Q1 profit jumps 33% to Rs 207 crore on investment gains

The company had a debt-equity mix of 54:46 at June 30 and 97.1% of the fixed income investments were in sovereign or AAA-rated instruments

Polycab India's Q1 profit soars 82% on higher demand of wires, cables

The company's shares rose as much as 3.6% to hit a record high of 4,055 rupees after the results

Analysts bullish on HDFC Bank's long-term growth; see up to 35% upside

HDFC Bank Q1FY24 results: Analysts believe the merged HDFC Bank is better placed than most of the other private banks as far as margin expansion and net interest income (NII) growth is concerned

Firm buying to keep the rally going in gold jewellery stocks, say analysts

Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex

Stocks to watch: IndusInd Bank, Ashok Leyland, Patanjali Foods, Ircon, IOC

Stocks to watch on July 18, 2023: From Ashok Leyland to Tata Elxsi, check out the top stocks to watch in Tuesday's trading session

Unseasonal rains to impact performance of consumer durables in Apr-Jun qtr

Results of consumer durables to be a dampener despite some green shoots, say brokerages

LTIMindtree Q1 net profit up 4.1% to Rs 1,152 cr, tad below forecast

Revenue up 14% YoY to Rs 8,702 cr, driven by broad-based growth

Easebuzz's revenue up to Rs 236 cr in FY23, plans to go public in 3-4 years

The company said it has been 'profitable since its inception' and plans to go public in the next 3-4 years

Tata Elxsi Q1 Results: Profit up 2% YoY to Rs 189 cr, revenue jumps 17%

Large Indian IT services companies have flagged discretionary spending cuts by clients and an uncertain demand environment

Karur Vysya Bank Q1 net surges 57% to Rs 359 cr, sharp improvement in NPAs

Operating profit up 36% to Rs 648 cr, net interest income rises 20% to Rs 897 crore