KALANA ISPAT LTD Q1 RESULTS
Tata Steel shares in focus as company swings back to black
Tata Steel Ltd. swung back to profitability in the September quarter, reporting a net profit of Rs 833 crore compared to a loss in the same period last year. Despite a 3% YoY decline in revenue, the company's EBITDA reached Rs 6141 crore with margins at 11.4%. The India business saw a 5% revenue dip, while NINL's revenue increased.
Tata Steel Q2 Results: Company reports profit of Rs 833 crore vs Rs 6,196 crore loss a year ago
Tata Steel Q2 Results: Tata Steel Ltd on Wednesday reported a net profit of Rs 833 crore in the quarter ended September 2024, compared with a loss of Rs 6196 crore in the last year quarter.
Will it or will it not? China economic recovery & the metal stocks conundrum: 6 metal stocks with upside potential of up to 38%
The FII selling that caused sharp cuts in the Indian markets was based on the assumption that China would see an economic recovery. This sparked a sell-India-buy-China kind of trade on the street as valuations are cheaper there. Now, FIIs investing their emerging market funds were sitting with gains in the Indian markets. So, if they had book profits, the obvious place to do so was India. Which brings us back to the basic question: Will a Chinese economic recovery happen? If yes, what is the way to take exposure to that recovery?
Godawari Power and Ispat Q1 Results: Profit grows to Rs 287 cr
The company's board has also approved the appointment of MD Bajrang Lal Agrawal as the chairman with effect from August 9, 2024, in place of Shashi Kumar.
Godawari Power announces 1:5 stock split, special dividend along with Q1 results
“The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on August 07, 2024, has considered and Approved the proposal for sub-division of equity share of face value of Rs.5/-each of the Company into 5 (Five) equity shares of Re.I/- each, subject to approval of the Shareholders of the Company in ensuing Annual General Meeting,” said the company in a filing to the exchanges.
Tata Steel Q1 Results: Cons PAT jumps 51% YoY to Rs 960 crore, misses estimates
Tata Steel Q1 Results: Profit, while up 51% year-on-year to ₹960 crore, fell short of Street forecasts of ₹994 crore. Revenue also took a hit, declining 8% to ₹54,771 crore. In a separate development, the board greenlit a ₹35 crore infusion into Tata Power Renewable Energy's subsidiary, TP Parivart, acquiring a 26% equity stake.
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FOMC, Q2 earnings and Mamaearth IPO among top 10 factors to move Dalal Street this week
After relentless selling in recent days, Nifty has temporarily paused its decline due to an oversold chart setup, Rupak De, Senior Technical analyst at LKP Securities said, adding that the index closed significantly below the critical breakdown level of 19,250. As long as it stays below 19,250, the market may continue to be inclined towards selling on any upward movements, he opined as he sees a further downside opening below 18,800 if weakness continues from here, he added.
Domestic investors step back in Q1 as share in listed cos drops after 6 quarters
The share of domestic institutional investors, along with retail and high networth individuals (HNIs) in NSE-listed companies declined for the first time in six quarters to 22.5%, according to data sourced from Primeinfobase.
60 smallcap stocks delivered double-digit returns in volatile market week
Thangamayil Jewellery was the top gainer in the smallcap pack with over 50% return, followed by MSP Steel and Power (48.95%), Foseco India (29.07%), and Indo Borax (28.8%). About six stocks including Jai Balaji, Mukand, Jagsonpal, Vesuvius India, Gallantt Ispat, Texmaco Rail have offered returns between 20-25% during the week
Tata Steel Q1 Results: Profit tanks 92% YoY to Rs 634 crore; revenue drops 6%
Revenues from the India business rose by a marginal 3% to at Rs 34,901 crore during the quarter under review. The company said its profitability was affected by non-cash deferred tax charge on account of buy-in transaction at British steel pension scheme. The Board has approved the re-appointment of T V Narendran as CEO and MD for another five years, effective September 19.
JSW Steel MD on lowering debt, eyeing Vedanta’s mining assets & more
“We expect better numbers in spite of the fact that we will merge JSW Ispat. Necessary approvals have been obtained and we would merge it in Q2 and that would add some debt but in spite of that, we are confident of being able to get it down below what it stands in quarter one today.”
Q1 results this week: HDFC Bank, ICICI Bank, HUL, Kotak Bank, Infosys, LTIMindtree and others
Private banking giants HDFC Bank, Kotak Mahindra Bank, YES Bank, and ICICI Bank are scheduled to release their earnings for the first quarter. Other companies such as Infosys, HUL, Ultratech Cement and JSW Steel will also announce their quarterly earnings. TCS, HCL Tech and Wipro have already released their earnings
Next year, Tata Steel will be back on track for reducing debt by $1 billion annually: TV Narendran
Tata Steel CEO and MD, TV Narendran, expects steel consumption to return to positive levels in Europe from next year. The company’s Dutch business, the strongest in Europe, has been significantly challenged because of rising gas and electricity prices last year. The UK business still poses a long-term challenge, but the fundamentals of demand in India are still very strong due to construction activity and a revived auto industry. Narendran also spoke about the three big factors that will drive sentiment – domestic demand in India, China's recovery and resurgence, and coal prices.
Tata Steel Q4 Results: Profit falls 82% YoY to Rs 1,705 crore; revenue drops 9%
Revenue from operations too were down 9% year-on-year (YoY) to Rs 62,961 crore for the March quarter. It was Rs 69,323 crore in the same quarter of last year
Tata Steel offers a positive outlook in a sign Q3 pain unlikely to linger
The company reported a net loss of Rs Rs 332 crore compared with a net profit of Rs 1,438 crore in the previous quarter and Rs 9,242 crore in the corresponding quarter of the previous year. The adjusted EBITDA (Earnings before interest tax and depreciation) less than halved to Rs 2,727 crore from the preceding quarter. Revenue fell by 4.7% sequentially to Rs 57,084 crore
Tata Steel Q3 Results: Firm reports surprise net loss of Rs 2,224 cr; revenue down 6% YoY
The company had posted a profit of Rs 9,572 crore in the last-year period and Rs 1,514 crore in the previous September quarter
Tata Steel Q3 preview: PAT to drop more than half, revenue seen falling on lower HRC prices
Some of the key monitorables include the management guidance on Tata Steel Europe and NINL operations, guidance on transition to green steel in Europe and technology/financing. Investors are also awaiting for key details on debt reduction and steel contracts, which will be re-priced in Europe and its impact on PAT
JSW Steel Q3 Results: Profit tanks 89% YoY to Rs 490 crore, misses estimates
The company had posted a profit of Rs 4,357 crore in the last year period. Revenue from operations grew 2% year-on-year to Rs 39,134 crore
Tata Steel Q1 Results: Profit falls 13% YoY to Rs 7,765 crore; revenue jumps 18.6%
Tata Steel's total revenue from operations of Rs 63,430 crore also managed to surprise the Street by recording YoY growth of 18.6 per cent. The company reported a consolidated EBITDA of Rs 15,047 crore. On a QoQ basis, EBITDA margin improved to 24 per cent while EBITDA per ton increased by Rs 3,780 to Rs 22,717.
Steel demand, margins may improve from October-December quarter, says JSW Steel's Seshagiri Rao
The situation in the quarter was exceptional. There was impact from the Russia-Ukraine war and entire commodity market went into a tizzy, said JSW Steel joint managing director Seshagiri Rao.
Seshagiri Rao on JSW Steel Q4 results, export duty & capex plans
“JSW Steel recently commissioned a 5 million tonne capacity expansion at Dolvi; another 5 million tonne is under implementation and will get commissioned in the next financial year. These projects will continue and whatever is going on right now will be implemented. We will take a call on future plans based on how it unfolds.”
Tata Steel Q3 results: Profit jumps over two-fold to Rs 9,598 cr; revenue surges 45%
Revenues were broadly stable on sequentially as improvement in net realisations more than offset the drop in volumes, the company said in a BSE filing
JSW Steel Q3 Results: Profit surges 69% YoY to Rs 4,516 crore
The consolidated total income for the quarter climbed 73.70 per cent YoY to Rs 38,225 crore from Rs 22,006 crore in the same quarter last year.
Godawari Power and Ispat Q2 Results: Net jumps over two-fold to Rs 267 cr
During the July-September period, total consolidated income also increased to Rs 1,277.03 crore, from Rs 967.49 crore in the corresponding quarter of the previous fiscal, GPIL said in a regulatory filing.
JSW lspat Q2 results: Net loss narrows to Rs 37 crore
The company's total income during the July-September quarter rose to Rs 1,442.34 crore from Rs 957.84 crore in the year-ago period.
Apollo Global, Synergy Fund may invest Rs 1,500 crore in JSW Cement
The company will issue compulsorily convertible preference shares (CCPS) to the investors, who will put in ₹750 crore each at a post-money valuation of around ₹8,500-₹8,750 crore.
JSW Steel reports Rs 5,900 crore of PAT in Q1 of FY 22
Revenue from operations more than doubled to Rs 28, 902 crore as against Rs 11,782 crore. JSW Steel’s total expenses were at Rs 20,804 crore, up 66% year-on-year.
GPIL Q4 results: Net profit jumps multifold to Rs 304 cr
Total income rose to Rs 1,263.67 crore in the quarter from Rs 787.74 crore in the same period a year ago.
Fiscal steps taken by government led to positive growth in Q3: Nirmala Sitharaman
"The fiscal measures taken by Government during 2020-21 have been calibrated to sustain high spending in the economy and assist in its V-shaped recovery, resulting in a positive GDP growth of 0.4 per cent in third quarter of FY 2020-21," she said in a written reply in the Lok Sabha.
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