Page 96 - Q1 Results

LTIMindtree Q1FY24 results: Net profit rises 4.12% to Rs 1,152 crore

In constant currency (CC) terms, the company's revenue grew 8 per cent YoY

Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

HDFC Bank Q1FY24 results: Net profit jumps 30% to Rs 11,952 crore

The bank's gross non-performing assets (GNPAs) rose slightly to 1.17 per cent in Q1FY24 as compared to 1.12 per cent in Q4FY23

Avenue Supermarts dips 4% on disappointing June quarter results

The company's consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.

Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results

For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products & solutions will aid growth, analyst said

Stocks to watch: HDFC Bank, Bandhan Bank, LTIMindtree, Angel One, D-Mart

Stocks to watch on July 17, 2023: From HDFC Bank to Angel One, here are the top stocks to watch in Monday's trading session

Q1 earnings, global trends, FII activity to guide mkts this week: Analysts

Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend. It is important to consider these factors alongside domestic developments," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Institutional activity will also have a significant impact on market trends, Gour added. Among major earnings to be announced this week are from Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries. "Global and domestic cues, upcoming quarterly earnings, FII (Foreign Institutional Investors) and DII (Domestic ...

DMart Q1 net rises 2.5% to Rs 659 crore, sales up 18% to Rs 11,865.4 cr

The total income of Avenue Supermarts in the June quarter was at Rs 11,904.18 crore, up 18.24%

JSW Energy Q1 net profit down 48%, revenue declines 3% to Rs 2,927 cr

JSW Energy said short-term sales were lower in the quarter under review due to an unfavourable base effect from the last financial year

JSW Energy Q1 results: Net profit declines over 48% to Rs 290 crore

JSW Energy has reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to one-time impact of non-operational expenses of recent Mytrah buyout and Ind-Barath 700 MW thermal plant deal under the insolvency route. The consolidated net profit of the company stood at Rs 560 crore in the quarter ended on June 30, 2022, according to the investor presentation of the company. The company, in a statement, said that there is a one-time impact of non-operational expenses of recent Mytrah buyout and Ind-Barath 700 MW thermal NCLT (National Company Law Tribunal) deal. During the quarter, total revenue decreased by 3 per cent YoY (year on year) to Rs 3,013 crore from Rs 3,115 crore a year ago as the incremental revenue from Mytrah and renewable capacity additions was offset by lower realisation in thermal assets on account of decline in coal prices (which are pass through in nature), it said. Higher profitability from Mytrah and RE (renewable ...

Results preview: Price hikes, lower input costs to aid auto firms' Q1

Most auto OEMs have increased their prices in the past few months and analysts feel that higher average selling price on a YoY basis would aid margins

Bandhan Bank Q1 FY24 results: Net profit declines 19% to Rs 721 crore

Bandhan Bank on Friday reported an 18.7 per cent fall in net profit at Rs 721 crore in the June quarter due to a decline in net interest income. The Kolkata-based private sector lender had posted a net profit of Rs 887 crore in the year-ago period. Total income during the quarter under review increased to Rs 4,908 crore from Rs 4,385 crore in FY2023, Bandhan Bank said in a regulatory filing. Interest earned by the bank grew to Rs 4,523 crore over Rs 4,055 crore in the June quarter a year ago. Net Interest Income of the bank declined to Rs 2,491 crore in Q1 FY24 as compared to Rs 2,514 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross Non-Performing Assets (NPAs) declined to 6.76 per cent of gross advances by the end of June 2023, from 7.25 per cent as of June 2022. However, net NPAs or bad loans rose to 2.18 per cent as against 1.92 per cent a year ago. Capital Adequacy Ratio of the bank improved to 19.75 per cent from 19.44 per cent in t

Sensex rallies 502 pts, ends above 66K; Nifty near 19,600; IT stocks sizzle

CLOSING BELL ON JULY 14, 2023: The BSE benchmark index scaled a fresh summit at 66,160, while the NSE Nifty50 registered a record high at 19,595.

Marico expects gross margin to improve 200-250 bps as inflation cools

Homegrown FMCG major Marico expects its gross margins to improve by 200-250 bps in FY24, helped by cooling commodity inflation and portfolio mix normalising favourably. The company expects a "volume-led growth" in the domestic market and gains in market share by most of its products and increase spending in advertising & promotion (A&P), said Marico in its latest annual report. "On the domestic business, we will drive volume-led growth and market share gains across our portfolios, aided by distribution expansion, aggressive cost controls and adequate investment in market development and brand building," said Marico, which owns Saffola, Parachute, Hair & Care, among other brands. On the rural market, Marico said it will "keenly monitor" growth and is hopeful of a recovery in demand, considering a good harvest season, forecast of a normal monsoon and increase in government spending. On the input cost front, key input materials, other than crude oil derivatives, have ...

Health, motor continue to drive general insurance, Q1 sales jump 17.9%

Robust demand for health and motor covers buoyed non-life players' premium income in the first quarter of the current fiscal to Rs 64,262.8 crore, a growth of 17.9 per cent on-year when the industry had clipped at 23 per cent. The spike in sales of motor policy, which used to be the largest segment of the industry but is now pushed down to the second slot behind the health segment, is easily understood given the vrooming automobile sector that has sold more than 2 million units in the June quarter. The robust double-digit growth for the general insurance industry comes in sharp contrast to a 0.8 per cent decline that life insurers logged in the reporting quarter, driven down by the massive poor show by the industry leader LIC across its business verticals. In June, the non-life insurance industry reported a premium of Rs 20,451.9 crore growing by 14.8 per cent on-year compared to 20.6 per cent in the same period last year, according to the data collated by Care Ratings. The 17.9 ..

Stockbroker Angel One logs rise in profit by 22% in Q1 as orders surge

Angel One held a 12.5% share in the number of demat accounts in India in the June quarter, up from 10.8% last year

Wipro Q1 profit rises 12% to Rs 2,870 cr, revenue up at Rs 22,831 cr

Expects muted Sept qtr as deal ramp-ups, client decision-making slow down

Federal Bank Q1 profit up 39% to Rs 880 cr; Fedfina reconsidering IPO plan

Federal Bank on Thursday reported 38.77 per cent jump in June quarter consolidated net profit at Rs 880.12 crore, and guided towards growing its loan book by up to 18 per cent in FY24. The private sector lender's profit in the year-ago period was Rs 634.22 crore, while the same for the preceding March quarter was Rs 953.91 crore. On a standalone basis, Federal Bank reported 29 per cent rise in net profit at Rs 854 crore. Its core net interest income on consolidated basis increased 19.57 per cent to Rs 1,918.59 crore during the quarter on the back of a 21 per cent growth in advances and a 0.07 per cent narrowing in the net interest margin at 3.15 per cent. Its other income came at Rs 732 crore as against Rs 453 crore in the year-ago period, with the core fee income growing to Rs 535 crore from Rs 441 crore. Bank's chief executive and managing director Shyam Srinivasan told reporters that NIMs have been on a downward trajectory because of the rate hikes by RBI, and exuded confidenc

Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

Federal Bank Q1 results: Net profit rises 42% to Rs 854 crore, NII up 20%

The bank is reportedly looking to raise around Rs 4,000 crore in 2023-24