Page 99 - Q1 Results

ABB India hits new high on strong Q1 results; stock up 33% so far in 2023

ABB's order inflows came at Rs 3,125 crore, up 36.4 per cent year-on-year (YoY) with order backlog of Rs 7,170 crore, which was up by 37.1 per cent, YoY.

Uber trips up 24% to 2.1 billion in Q1, sales grow 29% to $8.8 bn

Revenue grew 29% YoY to $8.8 billion and the net loss was $157 million, which includes a $320 million net benefit (pre-tax)

Deutsche Bank to cut 800 jobs after strong first quarter to save cost

Germany's biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland

LG Electronics Q1 profit down 23% at 1.49 trn on dampened consumer demand

Sales decreased 2.6 per cent to 20.41 trillion won. Net profit came to 546.5 billion won, down 61 per cent from a year earlier

Facebook parent Meta posts solid Q1 results, revenue up 3%; stock soars

Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. Meta also reported that the monthly user base of its flagship platform Facebook inched close to 3 billion. Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period. That's down 19% from $7.47 billion, or $2.72 per share, a year earlier. Revenue climbed 3% to $28.65 billion from $27.91 billion. Analysts, on average, were expecting earnings of $2.02 per share on revenue of $27.67 billion, according to a poll by FactSet. Meta said it has substantially completed layoffs it first announced in 2022. It announced a second round of layoffs in March. Shares of the Menlo Park, California-based company rose $18.97, or 9.1%, to $228.37 in after-hours trading.

Nomura Holdings' profit sinks 76% as banking turmoil hits trading

Net income slid 76 per cent from a year earlier in the three months ended March 31 to $55 million, Japan's largest brokerage said in a statement on Wednesday

Hyundai Motor's Q1 net profit jumps 92% on SUVs, increased production

South Korea's Hyundai Motor said on Tuesday its first-quarter net profit jumped 92 per cent from a year earlier on increased production and an improved product mix

Raw material inflation may dent Nestle India's Q1CY23 margins YoY: Analysts

Nestle India Q1CY23 preview: While Indian business is likely to report double-digit revenue growth on a YoY basis, the international business is estimated to grow in mid-single digits, said analysts

Nokia Q1 net sales rise 10% to 5.8 bn euros as India biz jumps four-fold

Finnish telecom gear maker Nokia on Thursday reported a 10 per cent increase in global net sales to 5,859 million euros in the first quarter ended March 2023, on account of over a four-fold jump in Indian business. The company registered 5,348 million euros in net sales in the same period a year ago. "Network Infrastructure and Mobile Networks both grew at double-digit rates, with Network Infrastructure increasing 13 per cent, led by Optical Networks and IP Networks, and Mobile Networks increasing 13 per cent, reflecting the continued ramp up of 5G in India," Nokia said in its earnings report. Boost in Indian sales saved the company from the reduced spending in North America and other geographies. Nokia India sales zoomed by over four-fold to 853 million euros during the reported quarter from 200 million euros in the March 2022 quarter on account of fast pace deployment of the 5G network in the country. "Mobile Networks net sales grew 13 per cent (on constant currency basis) as 5G

Morgan Stanley's profits decline in Q1 amid investment-banking slowdown

Net income slid 20% from a year earlier to $2.84 billion amid a slowdown in the trading and banking businesses. The firm's investment bank was able to stave off a steeper drop

Citigroup's Q1 profit beats estimate on higher interest income from loans

The banking sector was jolted by the collapse of Silicon Valley Bank and Signature Bank last month, which wiped out billions of dollars in market value

JPMorgan profit surges 52% in Q1 on back of robust consumer business

The bank's profit increased 52% to $12.62 billion, or $4.10 per share, in the three months ended Mar. 31

Does Accenture's Q1 result spell more pain for IT firms?

Despite firm Q1 revenue growth, Accenture Plc left analysts unimpressed as it pegged the next quarter's revenue growth below projections. Does this signal more trouble for Indian IT companies ahead?

Does Accenture's Q1 result spell more pain for IT firms?

Despite firm Q1 revenue growth, Accenture Plc left analysts unimpressed as it pegged the next quarter's revenue growth below projections. Does this signal more trouble for Indian IT companies ahead?

Gillette India's Q1 profit rises 5.9% on demand for grooming products

Gillette India, which is 75% owned by Procter & Gamble, said its net profit rose to 867.8 million rupees ($10.52 million) for the three months ended Sept. 30, from 819.3 million rupees a year earlier.

Zetwerk Manufacturing records six-fold growth in GMV to Rs 5,718 crore

The company secured orders worth Rs 11,200 crore at the group level during the year ended March 31, 2022, an increase of 200 per cent over the previous year

Accenture sees Q1 revenue below estimates due to currency volatility

For the full year, the company reported revenue of $61.6 billion an increase of 22 per cent in the US dollar terms

Oyo reports its first EBITDA positive quarter, reduces FY22 losses

In FY22 revenues were Rs 4,905 crore, up 18 per cent against Rs 4,157.3 crore reported in FY21

Hotel stocks order room service: See strong Q1, a stronger outlook

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors

Valuations factor in multiple positives for Power Grid Corporation

Brokerages are positive given growth prospects, falling debt levels and high dividends