KIRLOSKAR BROTHERS INVESTMENTS LTD Q1 RESULTS
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.
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.
Accenture Q1 Results: Co posts $17.7 billion in revenue, beats estimates
Accenture surpassed first-quarter revenue expectations, driven by increased demand for AI integration services. New bookings reached $18.7 billion, exceeding the previous year's figure. Revenue hit $17.7 billion, outperforming analyst projections. The company raised its annual revenue growth forecast to 4%-7%.
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.
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.
Swiggy shares climb 7% after Q2 results. Should you buy, sell or hold?
Swiggy share price: Swiggy shares climbed following strong Q2 FY25 revenue growth, despite a reported loss of Rs 625.53 crore. Innovations like Bolt for 10-minute food delivery and Instamart expansion contributed to a 30% YoY increase in gross order value, with strong broker expectations for future growth in food delivery and quick commerce.
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Swiggy Q2 operating revenue rises 30%, net loss falls marginally
Food and grocery delivery company Swiggy's operating revenue rose by 30% year-on-year to Rs 3,601 crore for the July-September quarter. The net loss slightly decreased to Rs 625 crore. Swiggy's food delivery continued to achieve industry-best growth, and its new 10-minute delivery service, Bolt, made up 5% of food deliveries shortly after launching.
Swiggy Q2 Results: Cons loss narrows YoY to Rs 625 crore, revenue jumps 30%
Swiggy Q2 Results: Swiggy's food delivery business nearly doubled profitability, with adjusted EBITDA at Rs 112 crore, a 1.6% margin, and GOV growing 5.6% QoQ to Rs 7,191 crore. The company’s new 10-minute delivery service, 'Bolt,' now contributes 5% of total food deliveries within just 8 weeks. Swiggy Instamart saw strong performance, with GOV growth accelerating 24% QoQ to Rs 3,382 crore, and overall orders up 21% QoQ.
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.
36 companies doubled their sales and PAT in a disappointing Q2 earnings season
Despite a lackluster Q2 earnings season, 36 companies defied the trend, doubling both sales and profits. Some achieved growth in the thousands of percentage points, driven by strong demand in sectors like pharma and realty. Analysts remain optimistic about a stronger second half of FY25, citing festive demand and rural recovery.
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.
Waaree Energies Q2 Results: PAT rises 15% YoY to Rs 362 crore, revenue up 1%
Waaree Energies Q2FY25 Results: Waaree Energies reported a 15% YoY increase in Q2 net profit to Rs 362 crore. Revenue rose 1% YoY to Rs 3,574 crore. Other income doubled to Rs 89 crore. The company listed with a 70% premium but has corrected post-Trump's win.
Morgan Stanley sees 31% upside in Zomato, believes QC might surprise
Morgan Stanley increased its target price for Zomato to Rs 355, indicating a 31.7% upside. The brokerage firm remains bullish on Zomato due to its strong execution in food delivery and quick commerce, deep balance sheet, and potential for a large profit pool by 2030.
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.
Eicher Motors Q2 Results: Standalone PAT rises 8% YoY to Rs 1,010 crore, revenue up 7%
Eicher Motors Q2 Results FY25: Eicher Motors Ltd on Wednesday reported 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024. The same stood at Rs 938 crore in the last year quarter.
Shree Cement shares fall 4% after Q2 results disappoint. Should you invest?
Shree Cement’s shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
Tata Motors shares jump over 3% despite reporting 11% fall in Q2 profit. Should you stay invested?
Tata Motors Share Price: Tata Motors' shares rose over 3% despite a lower-than-expected 11.18% YoY drop in Q2 profit, reaching Rs 3,343 crore. The company attributed the decline to external challenges impacting growth. Despite this, analysts remain optimistic, citing strong business fundamentals and anticipated improvements in the second half of FY25.
Trent shares fall 10% in 2 days after Q2 results. Should you invest?
Trent Share Price: Trent's shares tumbled 10% despite reporting a 46% surge in Q2 profit, exceeding analyst predictions. While revenue growth of 39.6% fell short of expectations, analysts remain optimistic, citing strong EBITDA margins, robust store expansion, and the success of emerging categories like beauty and footwear.
Dr Reddy's Labs shares up 3% after Q2 results. What should investors do?
Dr. Reddy's Labs reported a 15% decline in Q2 net profit, despite a 17% rise in revenue driven by global generics. While analysts acknowledge the strong revenue momentum, opinions are divided on the stock's future prospects, with ratings ranging from 'Buy' to 'Sell'.
Tata Investment Q2 Results: Cons revenue jumps 15% YoY to Rs 142 crore. Net profit flat at Rs 124 crore
Tata Investment Corporation reported a flat net profit of Rs 124 crore in Q2FY25. Total revenue stood at Rs 142.48 crore, up 15% YoY. Dividend income was Rs 102.14 crore, while interest income was down YoY and QoQ. The stock closed at Rs 6,890, up 1.74% on Thursday
Q2 results today: Tata Investment among 7 companies to announce earnings on Thursday
Tata Investment, along with six other companies, is set to announce their July-September 2024 quarterly results today. Tata Investment had previously reported a strong performance in Q1FY25, with a 117% sequential increase in net profit. The company also delivered significant returns over the last year, outperforming broader market indices.
Tata Power Q2 Results: Net profit jumps 51% YoY to Rs 1,533 crore
Tata Power Q2 Results: Revenue from operations declined 1% year-on-year to Rs 15,247 crore. Consolidated EBITDA for the quarter increased 23% to Rs 3,808 crore, driven by expanded solar manufacturing, favorable regulatory developments in distribution, and improved operational efficiency across business segments.
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.
Adani Enterprises Q2 Results: Profit skyrockets 664% YoY to Rs 1,742 crore, revenue up 16%
Adani Enterprises Q2 Results: Company reported a remarkable 664% year-on-year increase in its consolidated net profit for the September quarter, reaching Rs 1,742 crore, compared to Rs 228 crore in the same period last year.
Cipla Q2 Results: PAT rises 15% YoY to Rs 1,303 crore, beats estimates
Cipla Q2 Results: Revenue from operations increased 6% year-on-year to Rs 7,051 crore in July-September 2024, up from Rs 6,678 crore in the same period last year. The company reported a 12% year-on-year EBITDA growth to Rs 1,886 crore in Q2. The One India business grew 5% YoY, with the Branded Prescription segment continuing to outperform the market in major chronic therapies.
DLF shares rally 8% after reporting 122% YoY jump in Q2 PAT. Should you invest?
Revenue from operations for the reported quarter reached Rs 1,975 crore, marking a 46% increase from Rs 1,348 crore in the same period last year. Sequentially, net profit rose 114% in the quarter, compared to Rs 646 crore in the previous quarter.
Bank of Baroda shares surge nearly 5% after Q2 earnings. Should you invest?
BOB Share Price: Bank of Baroda's stock surged 4.6% following a 23.2% increase in standalone net profit for Q2FY25. NII grew by 7.3%, and non-interest income surged by 24.2% YoY. Analysts provide varied ratings with emphasis on stable asset quality and challenges in growth projections.
It is macro changes that bring long-term investment opportunities: 4 stocks from not much talked-about irrigation and allied sectors
Big wealth creation does not happen in already well-discovered, well-researched sectors. It happens in sectors that are not in the news, not much talked-about on the street. Sectors where macro changes are taking place in the overall demand – and that demand is being met. In the last few years, both due to policy pushes and changes in the underlying nature of the business, more money is being spent on increasing agricultural productivity. One part of the effort has been focused on better utilization of water. That is where companies involved in the irrigation process have seen a gradual increase in demand. But anything to do with agriculture is slow and gradual. So, these stocks are suited for long-term investors.
Oswal Pumps files IPO papers with Sebi; aims Rs 1,000-cr via fresh issue
Haryana-based Oswal Pumps has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta, according to the draft red herring prospectus (DRHP) filed on Tuesday.
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