ALKYL AMINES CHEMICALS LTD Q3 RESULTS
PCBL's Rs 3700 crore capex plan on track, stock slides 10%
PCBL Chemical Ltd has an ongoing Rs 3,700 crore capex plan, including the expansion of Specialty Blacks capacity and a new greenfield project in Andhra Pradesh. The company is optimistic about margin improvement with stabilising raw material prices, despite a 23% YoY decline in Q3 FY24 PAT.
PCBL shares dive 11% on reporting 37% YoY decline in Q3 PAT
PCBL reported a 37% YoY decline in net profit for Q3 FY25 at Rs 93 crore, despite a 21% revenue increase to Rs 2,010 crore. EBITDA rose 15% YoY to Rs 328 crore. CB sales volume grew 5%, while shares increased 47.5% over the past year.
Q3 results this week: RIL, Infosys, HCL Tech, Jio Finance, Kotak Mahindra Bank among 101 companies to announce earnings
The Q3 earnings season continues with major companies such as HCL Technologies, Infosys, Axis Bank, Reliance Industries, and Wipro reporting their results this week. Key dates include announcements from Anand Rathi Wealth and Tata Elxsi on January 13, followed by HDFC Life Insurance and Infosys on January 16. Market participants await insights from these reports to gauge future trends.
Is the up move in chemical stocks here to stay? Krishnachandra Parwani explains
Krishnachandra Parwani, Equity Research Analyst at JM Financial, notes that refrigerant inventories have hit a low due to the Kigali Amendment. Price increases are expected in 2025. Specialty chemicals, particularly innovative agrochemicals, are also seeing an uptake. For SRF, these changes could lead to significant profit gains, impacting future earnings positively.
Hike in refrigerant gas prices turns chemical cos' cold stocks hot again
SRF and Navin Fluorine were the biggest gainers on the BSE 500 index, surging 13.7% and 9.6% respectively. Balaji Amines jumped 9.3% and Alkyl Amines soared 8%.
Corporate earnings season starts: Will Q3 reverse the trend?
Tata Consultancy Services has kicked off the third-quarter earnings season, with analysts predicting gradual recovery in revenues and profits. Financials may drive modest earnings growth, while sectors like cement, metals and FMCG face challenges. Markets remain volatile, influenced by concerns over earnings downgrades and foreign outflows.
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Dark clouds loom! Q3 results could mark a downgrade hattrick for India Inc
Nuvama maintains a defensive portfolio, overweight in private banks, insurance, and sectors like pharma and cement, while underweight in industrials and PSU banks due to potential downgrades. CLSA favors commodities and insurance, while underweighting IT and industrials. CLSA also increased its focus on staples, adding Tata Motors, NTPC, Nestle, and Britannia, and removed HDFC Bank from its portfolio.
Margins appear stable for IT and auto stocks in Q3: Shibani Sircar Kurian
Shibani Sircar Kurian of Kotak Mahindra AMC analyzes the outlook for IT, auto, FMCG, quick commerce, chemicals and capital markets sectors. Larger IT stocks are in line with market valuations, while auto stocks benefit from stable commodity costs. FMCG shows mixed demand trends and quick commerce has growth potential. The chemicals sector may need time to recover.
India Inc.'s Q2 results review: How different sectors of BSE 500 index fared in the second quarter of 2024-25
Data compiled from an Emkay report shows that the aggregate adjusted PAT growth of BSE 500 companies declined by 0.5% year-on-year. Comparatively, the earnings growth was 3.2% in the June 2024 quarter and 41.6% year-on-year in the corresponding period of the previous year. The performance deteriorates further if the financial sector companies are excluded as the adjusted net profit growth contracts to 9.8% year-on-year. The energy sector significantly dragged the overall earnings growth whereas healthcare and industrial sectors provided support.
Red alert! 72 companies flip to loss in Q2. Are your stocks also on this list?
India's Q2 2024 earnings season disappointed. Many profit-making companies reported losses. Nifty earnings grew at the slowest pace since June 2020. Analysts point to a slowdown in several sectors. However, experts predict a recovery in the second half of the fiscal year. Increased government spending and strong festival demand are expected to boost growth.
Is market recovery sustainable? It is back to fundamentals now, says Daljeet Kohli
Daljeet Kohli, Head of Equities at Roha Asset Managers LLP, notes a decline in growth momentum across sectors due to factors like erratic rainfall and elections. Full-year estimates have been lowered, with downgrades exceeding upgrades. Kohli suggests Q2 may have been an anomaly for consumption, anticipating a rebound driven by the festival season and rural growth.
Grasim shares slip 2% after Q2 PAT declines 66% YoY
Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore. This downturn is attributed to reduced profit margins in the cement sector and initial investments in the 'Birla Opus' paint business.
Grasim Industries Q2 Results: PAT falls 66% YoY to Rs 390 crore, revenue rises 11%
Grasim Industries Q2 Results FY25: Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1164 crore in the last year quarter.
Suven Pharma Q2 Results: Net profit rises 3% to Rs 82 crore
PE firm Advent backed Suven Pharma net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year.
Alembic Pharma Q2 Results: Net profit rises 12% to Rs 153 crore, revenue up 3%
Alembic Pharma reported a 12% YoY rise in Q2FY25 net profit to Rs 153 crore, driven by strong domestic and US market sales. Revenues grew 3% to Rs 1648 crore, while EBITDA declined 6%, with margins at 15.6%
Kansai Nerolac Paints Q2 Results: PAT drops 27% to Rs 130 crore
In terms of half-yearly accounts, Kansai Nerolac booked net revenues to the tune of Rs 3,914 crore, near similar to what it booked in the corresponding period of the previous year.
Q2 results this week: Tata Motors, Tata Steel, M&M, Trent, SBI among 170 companies to announce earnings
The second quarter earnings season is underway and as many as 170 companies will declare their results this week. Some of the marquee names include Titan, Asian Paints, PB Fintech, IRCTC, IRFC, RVNL, Mazagon Dock Ship, Tata Steel, Mahindra & Mahindra, Trent, LIC, MRF, Tata Motors, and SBI among others.
Tata Chemicals shares fall over 3% after Q2 net profit declines 55% YoY
Tata Chemicals shares fell 3.2% to Rs 1,039 after a 54.67% decline in consolidated net profit to Rs 194 crore for Q2 FY25. Revenue remained flat at Rs 3,999 crore. EBITDA dropped 24.5% to Rs 618 crore, with a margin of 15.5%. Despite challenges, the company saw improved performance due to higher sales volume and soda ash realization.
Tata Chemicals Q2 Results: Net profit falls 55% to Rs 194 crore
Tata Chemicals on Thursday reported a 54.67 per cent decline in its consolidated net profit at Rs 194 crore during the second quarter ended September 2024. The company's net profit stood at Rs 428 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing.
RIL shares: Weak Q2 results make Motilal cut target price. Here's what others said
Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results. Future triggers include new energy operations by March 2025 and potential listings of Jio and Retail businesses.
RIL Q2 Results: 5 top takeaways every investor should take note of
Reliance announced that its first new energy giga-factory is expected to start producing solar PV modules by the end of the year. Chairman Mukesh Ambani mentioned that the new energy business, with its diverse range of renewable solutions, including solar, energy storage systems, green hydrogen, bio-energy, and wind, is set to become a major player in the global clean energy transition.
RIL Q2 Preview: PAT may fall 10% YoY; weak O2C seen hurting operational performance
Reliance Industries is expected to report muted earnings for the second quarter due to weakness in the oil-to-chemicals segment. Net profit is projected to fall by 10% year-on-year, while sales might marginally decline. Strong performance in consumer businesses and the ONG segment could offset the weak O2C performance.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Top individual investors made more money in June quarter
The Jhunjhunwala family's wealth in listed firms, which surpassed ₹50,000 crore for the first time in the March quarter, declined by nearly 8% to ₹47,053 crore by the end of the June quarter. Stocks like Titan, Crisil, and Sun Pharma Advanced Research fell between 10% and 35% during this period.
LIC stock portfolio surges to Rs 15 lakh crore, 95 stocks sold in Q1
Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.
Q1 Results Today: SBI among 41 companies to announce earnings on Saturday
State Bank of India, India's largest public sector bank, is expected to report a slight decrease in profits for the first quarter of 2024 due to increased provisions, despite a projected 10% growth in net interest income.
Waiting with cash in hand; will invest once election results are out on June 4: Aveek Mitra
Aveek Mitra of Aveksat Financial Advisory strategizes for post-election investments, considering policy changes, Budget implications, and real estate opportunities in the MMR region for long-term growth. Mitra says: "We have built up different scenarios with most likeliest scenarios to the not likeliest scenario and based on that we will immediately try to see that what best we can do with the cash after the 4th June result."
Damani & Jhunjhunwala emerge as richer dons of D-Street when most lost crores in Q4
The Jhunjhunwala family's wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter, while about 17 individuals held portfolios worth over ₹1,000 crore as of March 31, 2024.
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