KOTIA ENTERPRISES LTD Q3 RESULTS
HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%
HCLTech’s software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as new deals. Consolidated revenue in the three months ended December grew 5.1% year-on-year (YoY) and 3.6% quarter-on-quarter (QoQ) to Rs 29,890 crore backed by services revenue growth.
Q3 results this week: RIL, Infosys, HCL Tech, Jio Finance, Kotak Mahindra Bank among 101 companies to announce earnings
The Q3 earnings season continues with major companies such as HCL Technologies, Infosys, Axis Bank, Reliance Industries, and Wipro reporting their results this week. Key dates include announcements from Anand Rathi Wealth and Tata Elxsi on January 13, followed by HDFC Life Insurance and Infosys on January 16. Market participants await insights from these reports to gauge future trends.
176 smallcap stocks fell in double-digits in a rough week for markets
Indian markets experienced heavy selling pressure due to modest GDP and corporate earnings estimates. Only four smallcap stocks posted double digit weekly returns, while 176 fell significantly. Foreign investors sold nearly $2 billion, and rising US bond yields impacted sentiment. Key earnings and macro data, including India's CPI release, will guide market direction.
Adani Enterprises shares surge 4% after Ventura gives Rs 3,801 target price
Adani Enterprises shares rose by 4% after Ventura Securities set a target price of Rs 3,801 for the next two years. The company is involved in various sectors like airports, solar modules, and data centers. Ventura estimates significant growth potential in these areas. They expect increased revenue and improved financial performance for Adani Enterprises.
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.
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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.
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.
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.
Power Grid shares in focus after reporting muted Q2 results
Power Grid Corporation reported a consolidated net profit of Rs 3,793 crore in the September quarter, remaining unchanged from the previous year. Revenue remained stagnant at Rs 11,278 crore. Despite the flat growth, the company announced an interim dividend of Rs 4.
Adani Enterprises shares rise over 3% after Q2 profit skyrockets 664% YoY to Rs 1,742 crore
Adani Enterprises Share Price: Adani Enterprises' shares rose 3.2% on the BSE after reporting a 664% YoY jump in net profit for the September quarter to Rs 1,742 crore. Revenue from operations increased by 16% to Rs 22,608 crore. The company approved a Rs 2,000 crore fundraising plan through NCDs and emphasizes growth in logistics, energy transition, and adjacent sectors.
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.
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.
Q2 results today: Maruti, Adani Enterprises among 139 companies to announce earnings on Tuesday
Q2 earnings for Maruti and Cipla are expected to be muted, with Maruti likely seeing a 2% decline in volumes and flat revenues, while net profit could drop up to 5%. Cipla may report 3-6% revenue growth and a 4-5.7% rise in net profit.
Bharti Airtel Q2 Results Preview: PAT may zoom up to 254% YoY; 12% revenue uptick seen on higher ARPU
Bharti Airtel is projected to deliver strong Q2FY25 results, with triple-digit net profit growth YoY. PAT is estimated between Rs 4,570 crore and Rs 5,217 crore, reflecting a YoY increase of 103% to 254%. Revenue is expected to range from Rs 40,822 crore to Rs 41,591 crore, indicating a 10% to 12% YoY growth, supported by industry-leading ARPU and diverse business segments.
Q2 results today: Bajaj Finance, Paytm, Zomato among 70 companies to announce earnings on Tuesday
The earnings season sees 70 companies, including notable players like Bajaj Finance, Adani Green, Zomato, and Paytm, reporting their Q2 results for July-September 2024. Key expectations include significant revenue and profit jumps for Zomato and Bajaj Finance, while Paytm may face widened losses despite higher revenue growth.
Tejas Networks shares hit 20% upper circuit on robust Q2 earnings
Tejas Networks shares surged 20% to Rs 1,427.55 on Monday after the company reported a return to profitability in Q2 FY25. The profit after tax (PAT) reached Rs 275 crore, compared to a net loss of Rs 13 crore last year. Consolidated revenue soared six-fold to Rs 2,811 crore, up from Rs 396 crore in the same quarter last year.
Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, driven by an 11% growth in net interest income. However, rising NPAs and a slowdown in consumer loans pressured margins and increased provisions.
Zee Ent Q2 Results: Cons profit surges 70% YoY to Rs 209 crore, beats estimates
Zee Entertainment Enterprises saw a 70% year-on-year growth in consolidated net profit to Rs 209 crore for the quarter ended September 2024. Total income fell 19% YoY to Rs 2,034 crore. Domestic advertising revenue declined 9% YoY. Subscription revenues grew 9% YoY. ZEE shares traded 5.5% higher at Rs 132.73 on NSE.
Zee Entertainment Enterprises to announce Q2FY25 earnings today. Here's what to expect
Zee Entertainment Enterprises (ZEEL) is set to announce its Q2FY25 earnings, with expected revenue at Rs 2,059 crore, marking a 16% YoY decline. Core net profit is anticipated at Rs 153 crore, an 18% increase YoY. EBITDA is projected to decline by 21% YoY to Rs 264 crore.
RIL shares: Weak Q2 results make Motilal cut target price. Here's what others said
Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results. Future triggers include new energy operations by March 2025 and potential listings of Jio and Retail businesses.
Q2 results today: HDFC Life, PVR Inox among 25 companies to announce earnings on Tuesday
The second quarter earnings season sees the announcement of results from 25 companies, including HDFC Life and HDFC AMC. HDFC Life is expected to report a 17-26% YoY increase in APE, ranging from Rs 3,550 crore to Rs 3,834 crore, with VNB estimated between Rs 900-978 crore.
Adani Enterprises Q1 Results: Cons PAT zooms 116% YoY to Rs 1,454 crore
Adani Enterprises Q1 FY25 Results: Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22644 crore in the corresponding period of last year.
Adani Enterprises to demerge food FMCG biz, integrate it with Adani Wilmar
The demerger scheme also includes Adani Enterprises' strategic investment in Adani Commodities. The demerger will also provide scope for independent collaboration and expansion, it said.
ZEEL Q1 Results: Co swings to black with Rs 118 crore-profit vs year-ago loss
Zee Entertainment Enterprises (ZEE) posted a net profit of Rs 118 crore in the first quarter, recovering from a previous loss of Rs 53.42 crore. Revenue increased by 8% YoY to Rs 2,149 crore. EBITDA showed a 75% YoY growth to Rs 271.7 crore. The domestic advertising revenue declined by 3% YoY due to cricket and general elections.
Q1 results today: HCL Tech, IREDA among 14 companies announce earnings on Friday
TCS has started the first quarter earnings season with positive results, signaling an improved business environment. Today, HCL Tech, along with 13 other companies, will announce their earnings for the quarter ended June. Other notable companies reporting earnings include 5paisa Capital, Atharv Enterprises, Betala Global Securities, Gautam Gems, Golkonda Aluminum, Indo Cotspin, Infomedia Press, IREDA, and Oriental Hotels.
Brigade Enterprises shares rise 9%, hit 52-week high after Q4 profit jumps nearly 3-fold
Brigade Enterprises' shares surged 9% to a 52-week high after reporting a three-fold jump in net profit. Managing Director Pavitra Shankar expressed confidence in sustained performance with ongoing and upcoming projects in Bengaluru, Chennai, and Hyderabad.
Brigade Enterprises Q4 Results: Profit jumps nearly 3-fold to 206 crore
Realty firm Brigade Enterprises Ltd on Tuesday reported a nearly three-fold jump in consolidated net profit to Rs 206.09 crore for the March quarter on the back of higher income. Its net profit stood at Rs 69.25 crore in the year-ago period.
Zee Entertainment Enterprises shares rise 3% as firm swings back to black in Q4
Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday's trading session on the BSE, following the company's announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.
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