FUTURE RETAIL LTD Q3 RESULTS
Retail investors lost interest in PSU stocks in Q2. Is it too early to sell?
Retail investors reduced their holdings in several PSU stocks during Q2 FY25 due to valuation concerns and election results. Despite the PSU index underperforming the Sensex over the past six months, some analysts remain optimistic about the sector's long-term prospects, citing government spending and growth in oil, gas, and utilities.
Cholamandalam projects stronger Q3 disbursements despite tepid festive sales
Disbursements will accelerate a bit more in Q4. It will be around this number. AUM growth would be in the range of around 25% is what we are right now targeting.
There could be a last hurrah for mkt before ‘24 ends but beyond December, earnings, Budget main triggers: Mayuresh Joshi
Indian markets may see a final surge before year-end. Earnings reports, global events, and the Budget will shape market direction. IT, infrastructure, cement, and pharma sectors may outperform. Electronics manufacturing valuations are high. Reliance Industries underperforms due to sector-specific challenges. Federal Bank, Bank of Baroda, and Paradeep Phosphates are recommended stocks.
Swiggy shares rally over 9% ahead of first Q2 results after listing
Swiggy Q2 results: Swiggy shares rose 9.4% to Rs 542.10 on the BSE. The company will release its Q2 financial results today. Swiggy's IPO had significant subscriptions and showed good investor interest. The company has faced net losses since inception but saw revenue double in FY24. In Q1, Swiggy reported a loss of Rs 611.01 crore compared to the same period last year.
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.
Profit apocalypse! 10 companies with steepest losses in Q2. Who blew it worst?
Indian companies faced a profit slump in Q2 FY25, with several sectors reporting declines. Vodafone Idea, Sammaan Capital, and Indian Oil posted significant losses. Analysts downgraded earnings forecasts, citing weak consumption and government spending, but anticipate a recovery in the second half of the fiscal year.
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Macy's shares drop 3.5% after it delays quarterly results on finding employee hid millions in delivery expenses
Macy's delayed its third-quarter results after uncovering an employee's concealment of $132 million to $154 million in delivery expenses. Preliminary sales figures missed Wall Street expectations, and the company's stock dipped. An internal investigation is underway, with full results and a revised outlook expected by December 11. Despite this, Macy's CEO expressed optimism about the upcoming holiday season.
Honasa Consumer shares crash 20% to 52-week low after reporting YoY loss in Q2
Honasa Consumer share price: Honasa Consumer, the parent company of Mamaearth, faced a setback with a net loss of Rs 19 crore in the second quarter. This loss comes after a strategic shift in their distribution model. Despite the setback, the company experienced growth in certain product categories and offline market share.
Hero MotoCorp Q2 Results: Standalone profit rises 14% YoY to Rs 1,204 crore, revenue up 11%
India's leading two-wheeler maker Hero MotoCorp on Thursday reported 14% growth in its standalone net profit at Rs 1,204 crore in the second quarter. It was Rs 1054 crore in the year-ago quarter.
Honasa Consumer Q2 Results: Mamaearth operator slips into red with Rs 19 crore YoY loss
Honasa Consumer Q2 Results: The company's revenue and net loss both declined on a quarter-on-quarter basis. In the prior quarter, Honasa Consumer reported a net profit of Rs 40.25 crore and a topline of Rs 554 crore, reflecting a 17% drop. In its exchange filing, the company noted that revenue, adjusted for inventory correction, reached Rs 525 crore, showing a 5.7% YoY growth.
Earnings downgrade cycle largely over, no major cuts expected from Q3 onwards: Pawan Parakh
I strongly believe that earnings misses have largely bottomed out in Q2. If we look at corporate India's performance, two sectors have disappointed slightly. First is the banking sector, where we’ve seen a rise in NPAs from unsecured loans
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.
Vodafone Idea Q2 Results: Loss narrows YoY to Rs 7,176 crore; revenue up 2%
Vodafone Idea Q2 FY25 Results: Vodafone Idea has narrowed its losses to Rs 7176 crore in the September quarter, compared with Rs 8738 crore in the same quarter of last year.
Nykaa Q2 Results: PAT jumps 66% YoY to Rs 13 crore; revenue rises 24%
Nykaa Q2 Results: Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 crore. The company posted an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
ABFRL Q2 Results: Firm posts net loss of Rs 215 crore
Aditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 214.70 crore in the September 2024 quarter due to higher depreciation and interest costs. Despite this, the company saw revenue growth driven by newer businesses and established brands. ABFRL recently announced the de-merger of its Madura business into a separate listed entity, ABLBL.
Titan Q2 Results: Net profit falls 23% YoY to Rs 704 crore on customs duty cut
Titan Q2 Results: The profit fell short of Street estimates of Rs 900 crore, based on an ET Now poll, while revenue exceeded projections of Rs 12,350 crore. Titan’s core jewellery segment saw a 26% increase in total income to Rs 10,763 crore for the quarter, with an EBIT of Rs 932 crore at an 8.7% margin. Adjusted for customs duty, Q2FY25 EBIT reached Rs 1,222 crore, achieving an 11.4% margin.
NSE Q2 Results: Profit jumps 57% YoY to Rs 3,137 crore, revenue rises 24%
India's largest bourse National Stock Exchange (NSE), which is gearing up for its IPO next year, on Monday announced that its Q2 consolidated profit after tax jumped 57% year-on-year (YoY) to Rs 3,137 crore due to an 8% drop in expenses.
Maruti Suzuki shares rise 3% despite Q2 profit miss. Should you invest or steer clear?
Shares of Maruti Suzuki rose by 3% to Rs 11,389.75 despite a 17% drop in net profit for the September quarter. Sales included 463,834 domestic and 77,716 export vehicles. Analysts give mixed recommendations with UBS suggesting a 'Buy', Investec a 'Hold', and Nuvama optimistic about long-term growth.
Bharti Airtel Q2 Results: Net profit soars 168% YoY to Rs 3,593 crore, ARPU rises to Rs 233
Bharti Airtel Q2 Results: The company's revenue from operations for the quarter reached Rs 41,473 crore, marking a 12% increase from Rs 37,044 crore in the same quarter last year. The average revenue per user (ARPU) rose 15% year-on-year to Rs 233 from Rs 203 in Q2FY24. Consolidated net income (before exceptional items) increased by 32.2% YoY to Rs 3,911 crore.
Retail might far bigger than political triggers; Q3 & Q4 earnings to be better than in H1: Raamdeo Agrawal
Raamdeo Agrawal highlights the market's resilience due to retail growth and sustained SIP flows. He analyzes the impact of the recent elections, geopolitical tensions, and their limited effect on crude prices. Agrawal also provides projections of earnings and market returns, suggesting continued growth in the upcoming quarters. Additionally, he predicts a promising future for quick commerce in India.
Metro Brands Q2 Results: PAT at Rs 69.55 crore on high expenses, weak demand, misses estimates
Indian footwear retailer Metro Brands missed second-quarter profit estimates on Wednesday, as higher expenses weighed on muted sales growth.
L&T Finance Q2 Results: Net profit rises 17%; expects challenging six months ahead
Non-bank lender L&T Finance reported a 17% rise in consolidated profit after tax, reaching Rs 696 crore. The company's assets grew by 18%, with retail disbursements up 12%. Facing sectoral challenges, the firm aims to prioritize credit outcomes, maintaining stable net interest margins and reducing the cost of funds.
Infosys Q2 Results: Profit rises 5% YoY to Rs 6,506 crore; co revises FY25 revenue guidance to 3.75-4.5%
Infosys Q2 Results: Infosys, India's second-largest software exporter, reported a 5% growth in consolidated net profit to Rs 6,506 crore for Q2, with revenue from operations rising by 5% YoY to Rs 40,986 crore. The company revised its FY25 revenue growth guidance to 3.75%–4.5%, driven by strong financial services momentum and mega deal ramp-ups.
Wipro Q2 Results Preview: Revenue seen declining up to 2% YoY, Q3 CC guidance at -1% to 1%
Wipro is expected to report a YoY revenue decline for Q2 2024, with five brokerages predicting figures between Rs 22,134 crore and Rs 22,516 crore. Net profit growth is anticipated to range between 5.5% and 19.5%. Key focus areas include Q3 FY25 guidance, deal ramp-up, and future visibility.
South Indian Bank reports 18% profit increase in Q2
South Indian Bank's Q2 profit rose 18% to Rs 325 crore, with Net Interest Income increasing 6.3%. Shares gained 3.3% to Rs 24.77 following the results. Focus remains on retail and MSME growth.
Stock to Watch: Axis Bank shares in focus ahead of Q2 results
Axis Bank's shares will be in focus as the private lender reports its September 2024 quarter results, expected to show an 8% rise in net profit year-on-year. Despite recent underperformance, NII is estimated to grow by 10%, supported by lower sequential slippages.
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.
Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Q2 Results: Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector, along with a strategic focus on streamlining operations and adjusting its B2B approach to boost margins. Despite this, the retail arm still generated a substantial gross revenue of Rs 76,302 crore, though this figure also represents a 1.1% drop year-on-year.
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