ESHA MEDIA RESEARCH LTD Q1 RESULTS
Network18 Q3 Results: Co reports net loss at Rs 1,435 crore post demerger with Viacom18
Network18 Media & Investments reports a widened consolidated loss of Rs 1,435 crore for Q3FY25. It is on account of an exceptional loss of Rs 1,426 crore because of company's demerger with Viacom18, which became effective on December 30, 2024. Revenue from operations was at Rs 1,361 crore. Viacom18's business has merged with Star India, forming a major broadcasting JV with Reliance Industries which has invested Rs 11,500 crores.
Tata Elxsi shares crack 8% after brokerages cut target price post Q3 results
Tata Elxsi share price plunged 7.9% after reporting a 3% decline in net profit for Q3 FY24. The company's revenue increased by 3% YoY, while the automotive sector faced significant challenges, impacting new deals. Tata Elxsi experienced project delays and target price cuts from brokerage firms.
Tata Elxsi Q3 Results: Profit falls 3% YoY to Rs 199 crore, revenue rises 3%
Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.
RIL to announce Q3 earnings on January 16
Reliance Industries (RIL) will announce its December quarter earnings on January 16, 2025. This follows TCS's Q3 results, which reported a 12% profit rise to ₹12,380 crore, driven by robust execution and cost management.
Auto stocks among the weakest links in markets for 3 months now. Will Q3 results rev up sentiments?
The auto sector is facing mixed performance in Q3, with passenger vehicles benefiting from festive demand, while two-wheelers and commercial vehicles struggle due to inventory corrections and weaker demand. Tractors saw strong growth, with Mahindra & Mahindra expected to lead. Analysts favor Maruti Suzuki and M&M, while TVS Motor is preferred for two-wheelers.
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
Samsung's fourth-quarter operating profit estimate missed analyst forecasts due to increased R&D costs, slower demand for memory chips, and delays in high-bandwidth memory chip supply to Nvidia. The estimated profit was 6.5 trillion won, up 131% year-over-year but down 29% from Q3. Samsung's shares declined but later rebounded slightly.
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Microsoft’s $3 billion India AI bet; Mobikwik earnings
Microsoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal and power stocks. Analysts predict range-bound movement due to economic concerns, Q3 results, and the upcoming Union budget, amidst mixed global market performances.
IT stocks rise after Accenture’s robust Q1 results lift sentiments for sector
Shares of IT services firms such as Infosys, TCS, Wipro, and HCL Technologies rose by up to 1% on Friday, following a strong performance by industry leader Accenture. Accenture reported Q1 revenue and profit that exceeded Wall Street estimates and raised its annual forecast, signaling growing demand for IT services and boosting market sentiment for the sector.
Costco Stock Rises Following Strong Friday Earnings Report
Costco’s stock is making a noticeable jump after the company posted impressive first-quarter earnings for the 2025 fiscal year.
India Inc's interest cover weakens with slipping top & bottom lines
Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.
Top picks post Q2 results: ICICI Bank, ONGC could give 30-60% return in 1 year
Indian corporate earnings for the second quarter of FY25 showed weaker-than-expected results, with single-digit growth for the second consecutive quarter. While sectors like BFSI and Technology performed well, the overall market was dragged down by weakness in commodities, particularly O&G.
HAL shares rally 4% after Q2 PAT jumps 22% YoY to Rs 1,510 crore
Hindustan Aeronautics (HAL) shares rose 4% after the company announced a 22% increase in net profit for the quarter ending September 30, 2024. The company's net profit reached Rs 1,510 crore, up from Rs 1,237 crore in the same period last year. Revenue from operations also grew by 6% to Rs 5,976 crore.
Earnings special: Delhivery, FirstCry, Mamaearth, Rapido, Noise
A slew of new-age firms reported their September quarter. This and more in today ETtech Top 5.
Glenmark Pharma Q2 Results: Co posts Rs 355 crore net profit on robust sales growth
Glenmark Pharma reported Rs 340 crore net profit in Q2FY25 led by robust sales growth in India and Europe. The drugmaker reported a net loss of Rs 180 crore in the corresponding quarter of the previous year.
Zydus Lifesciences Q2 Results: Net profit jumps 14% YoY to Rs 911 crore
Zydus Lifesciences reported a 14% YoY net profit rise to Rs 911 crore for Q2FY25, driven by strong sales in India and the US. Revenue grew 20% YoY to Rs 5,237 crore. However, QoQ profit and revenue declined. EBITDA rose 27.5% YoY.
Aurobindo Pharma Q2 net profit rises 8.6% to Rs 817 crore in Q2FY25
Aurobindo Pharma witnessed an 8.6% YoY increase in net profit, reaching Rs 817 crore in Q2 FY25, driven by robust sales in Europe and growth markets. Despite a dip in US formulations revenue, the company's overall revenue rose by 8% YoY.
Zee Media Corp Q2 Results: Net loss widens to 49.86 crore, revenue down 13%
Private news broadcaster Zee Media on Friday said its consolidated net loss widened to Rs 49.86 crore for the second quarter ended September 2024. The company had posted a net loss of Rs 30.70 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Zee Media Corporation Ltd (ZMCL).
Syngene International Q2 Results: PAT declines 9% to Rs 106 crore
Contract research and manufacturing services firm Syngene International on Wednesday reported a 9 per cent on-year decline in consolidated profit after tax to Rs 106 crore in the second quarter of FY25. The company reported a profit after tax (PAT) of Rs 117 crore in the July-September quarter of last fiscal.
Tech Mahindra Q2 Results: Profit zooms 153% YoY to Rs 1,250 crore, revenue up 3.5%
Tech Mahindra Q2 Results: Tech Mahindra reported a 153.1% YoY surge in Q2 net profit to Rs 1,250 crore, with revenue increasing 3.5% YoY to Rs 13,313 crore. The Mahindra Group firm declared an interim dividend of Rs 15 per share. PAT margin rose, with new deal wins totalling $603 million.
Tech Mahindra declares Rs 15 dividend, fixes November 1 as record date
Tech Mahindra Dividend: Tech Mahindra has announced a Rs 15 per share interim dividend for its shareholders. To be eligible for this payout, investors must hold Tech Mahindra shares as of November 1st, which is the record date. This dividend announcement was made alongside the release of the company's quarterly results for the period ending in September 2024.
Network18 Q2 Results: Cons loss widens YoY to Rs 221 crore, revenue falls 2%
Network18 Media & Investments on Saturday widened its September quarter consolidated loss to Rs 221 versus Rs 83 crore reported by the company in the year ago period. It was also higher on a sequential basis as the company had reported a net loss at Rs 125 crore in Q1FY25.
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
The Indian economy is projected to grow by 7.0-7.1% in Q1 of 2024-25, according to an SBI Research report. This forecast, however, carries a downward bias. The Reserve Bank of India has predicted a 7.2% GDP growth for the entire fiscal year, with quarterly growth estimates of 7.1% for Q1.
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
LIC plays the price game for growth, margins take a back seat, for now
LIC, India's largest insurance provider, shifted its growth strategy, focusing on expansion over margins. In Q1 FY25, it reported a 24% rise in value of new business due to a 21% increase in annualized premium equivalent. This strategy led to a rise in non-par segment premiums but a decline in overall margins.
Q1 results today: Godrej Consumer among 158 companies to announce earnings on Wednesday
Q1 results today: As the first quarter earnings season progressed, 158 companies, such as Pidilite, Godrej Consumer, NHPC, BSE, and ABFRL, announced their results. Godrej Consumer was projected to show a 46% increase in net profit but a slight dip in revenue. Kotak Securities highlighted growth in domestic volume and various categories.
BoI posts 10% YoY rise in Q1 net profit
Net Interest Income (NII), or the difference between the income earned on lending and cost of borrowing, increased 6% from a year ago to ₹6,275.8 crore, the bank said on Saturday.
Cyient shares decline 9% on weak Q1 results. What should investors do?
Cyient shares fell 9% to Rs 1,724 on Friday after the company reported a decline in June-quarter profit due to project execution delays. The first-quarter net profit dropped 23.8% sequentially to Rs 144 crore, and decreased 18.6% YoY for the Hyderabad-based firm.
Tech Mahindra Q1 Results: Profit jumps 23% YoY to Rs 851 crore, misses estimates
Tech Mahindra Q1 Results: Tech Mahindra reported a 23% year-on-year growth in consolidated net profit to Rs 851 crore for the June quarter, slightly below the expected Rs 892 crore. Revenue from operations declined 1% YoY to Rs 13,005 crore. Sequentially, profit after tax rose by 28% and revenue increased by 1%.
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