KEY CORP LTD Q4 RESULTS
Accenture quarterly numbers point to strong GenAI prospects
Accenture's latest earnings boost Indian IT sector outlook. GenAI bookings hit a record high. North American demand shows signs of recovery. The company raised its FY25 growth forecast. Indian IT firms expect strong Q3 results and a robust FY26. Accenture's hiring continues to grow, mostly in India.
Bank of Baroda shares in focus as lender to raise Rs 10,000 crore via long-term bonds
Shares of state-owned Bank of Baroda (BoB) will be in focus on Thursday after the bank’s board approved raising up to Rs 10,000 crore through long-term bonds. The funds will be used to finance infrastructure and affordable housing projects.
RITES shares rally over 4% after securing Rs 148.25 crore order from IIM Raipur
RITES shares rose 4.4% after securing a Rs 148.25 crore order from IIM Raipur for campus development. Despite lower Q2 profits, the company has seen over 18% gains this year.
Average Swiggy order value can show double-digit growth every year; no plan to raise fresh funds: Rahul Bothra
Swiggy, with a healthy cash balance of over ₹8,000 crore, has no immediate fundraising plans. Their food delivery business is profitable and generating cash, while the quick commerce segment is projected to achieve profitability within six to seven quarters. They aim to double their dark store footprint by March 2025 and increase average order value at a double-digit pace annually.
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.
India's pharma sector registers strong Q2 FY25 growth, driven by North America market: Report
The major pharmaceutical companies of the country reported a 10 per cent year-on-year (YoY) growth in the second quarter of FY25, largely driven by strong performance in North America and the domestic market, according to a report by Axis Securities.
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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.
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.
Hero MotoCorp shares rally 5% after Q2 PAT, revenue see double-digit growth. Should you invest?
Hero MotoCorp share price: Hero Motocorp's shares surged 5% after reporting a 14% rise in Q2 net profit, reaching ₹1204 crore. Revenue grew 11% to ₹10463 crore, driven by record revenue from parts and accessories. Analysts are optimistic, citing rural market recovery, new launches, and strong brand equity as key growth drivers.
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.
Hero Motocorp shares tumble 1% ahead of Q2 results later today
Ahead of its quarterly results announcement later today, Hero Motocorp's shares dipped. Analysts predict a revenue surge driven by increased sales, particularly of premium motorcycles, and higher prices, potentially boosting profits by 10%.
Q2 results today: Grasim, Hero MotoCorp among 1203 companies to announce earnings on Thursday
Get ready for a busy day in the Indian stock market. Over 1200 companies will reveal their financial performance for the July-September quarter. Keep an eye on major players like Hero MotoCorp and Grasim Industries. Analysts predict growth for both companies, driven by higher sales and improved profitability.
Q2 results today: Vodafone Idea, Eicher Motors among 650 companies to announce earnings on Wednesday
Vodafone Idea is expected to report a narrower consolidated loss for the second quarter, driven by revenue growth and improved ARPU. Analysts predict a loss between Rs 6300-6400 crore, with revenue rising 5% year-on-year. Subscriber base may decline, but ARPU is projected to reach Rs 156-159.
Limited room for Nifty valuation expansion now; earnings growth key: Gautam Duggad
Gautam Duggad, Head of Research at Motilal Oswal, analyzes the recent earnings season, noting a slowdown in growth, particularly impacted by commodity sectors. Despite this, he sees potential in industrials, driven by government capex spending. While Nifty valuations offer limited room for expansion, Duggad suggests that market consolidation could create opportunities for growth in the coming year.
Welspun Corp Q2 Results: Profit falls 27% to Rs 283 cr; board approves over Rs 2,000 cr investments
Welspun Corp on Friday reported around 27 per cent fall in consolidated net profit at Rs 282.96 crore for September quarter, mainly on account of fall in income. It had posted Rs 386.57 crore net profit for July-September 2023, the company said in an exchange filing.
LIC Q2 Results: Profit slips 4% YoY to Rs 7,621 crore
LIC Q2 Results: Net premium income during the reporting quarter increased 11% year-on-year (YoY) to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the same quarter last year.
SBI Q2 Results Preview: NII may grow at 4-9% YoY on healthy loan growth
State Bank of India is predicted to post single-digit net interest income growth for the September quarter, fueled by loan growth but tempered by deposit costs. Brokerage estimates project net profit to range between Rs 12,894 crore and Rs 18,712 crore, with varying outlooks on year-on-year and sequential changes.
NHPC Q2 results: PAT falls 41% YoY to Rs 909 crore, revenue up 4%
NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
Trent Q2 Results: Profit jumps 46% YoY to Rs 423 crore, revenue up 40%
Trent Q2 Results FY25: Trent, the Tata Group retailer, exceeded profit expectations with a 46% surge to Rs 423.44 crore in the September quarter, driven by strategic initiatives. However, revenue fell short of estimates at Rs 4,035.56 crore, despite a 39.6% increase, in a challenging consumer market.
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.
Raymond shares rise 4.5% post Q2 earnings
Raymond's shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
Bharti Airtel falls 3% despite strong Q2 results. What's D-Street looking for?
Airtel Share Price: Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit was bolstered by strong ARPU growth and subscriber additions, but a Rs 318 crore exceptional loss contributed to the miss in estimates.
IOC Q2 Results: Net profit plummets 99% YoY to Rs 180 crore on inventory losses, reduced refining margins
Indian Oil Corp’s net profit dropped 99% to Rs 180 crore in the July-September quarter from Rs 12,967 crore a year earlier on inventory losses and weak refining margins.
Indian Oil Q2 Results: PAT plummets 99% YoY to Rs 180 crore; revenue falls 4%
Indian Oil Q2 Results: Revenue from operations declined 4% year-on-year (YoY) to Rs 1.95 lakh crore in the reporting quarter, down from Rs 2.02 lakh crore a year ago.
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).
TVS Motor shares in focus after Q2 earnings miss estimates
TVS Motor Share Price: TVS Motor Company reported a 23.5% rise in quarterly profit to Rs 663 crore, missing estimates. The company faced higher costs despite stable demand. Revenue rose 13.3% to Rs 9228 crore but fell short of projections. EV sales saw a 31% increase, while two-wheeler sales grew 15% year-over-year.
Nuvoco Vistas Q2 Results: Co slips in red at Rs 52 cr net loss on weak pricing, demand conditions
It sold 4.2 million tonnes of cement during the quarter, down from 4.5 million in the same quarter a year ago. Consolidated revenue from operations for the period stood at Rs 2,269 crore, down from Rs 2,573 crore a year ago.
HUL Q2 Results Preview: Revenue may grow by up to 4% YoY as negative pricing trends to weigh on topline
FMCG giant Hindustan Unilever (HUL) is projected to post a 2-4% rise in Q2FY25 revenue, partially impacted by pricing cuts made during the quarter. The revenue is estimated to range between Rs 15,621 crore and Rs 15,728 crore, as per estimates from four brokerages.
Paytm shares tumble over 4% ahead of Q2 results today
Paytm Share Price: One97 Communications shares fell 4% ahead of its quarterly results announcement. Analysts forecast a YoY revenue increase of up to 16%, but expect losses to widen to Rs 660 crore.
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