KRISONS ELECTRONIC SYSTEMS LTD Q1 RESULTS
BEL shares jump 1% after Rs 973 crore order win; FY25 order book reaches Rs 9,801 crore
BEL Share Price: Bharat Electronics Ltd (BEL) shares increased by 1% after securing new orders worth Rs 973 crore since December 9. This brings BEL’s total order accumulation for FY25 to Rs 9,801 crore. The state-run firm enjoys a solid order book and is on track to meet its full-year order inflow guidance of Rs 25,000 crore.
IN-SPACe attracts several private sector companies & consortiums, to build, operate earth observation satellite constellation
The private space sector regulator IN-SPACe floated the PPP tender, with these firms competing against three other leading companies: Bengaluru-based Ananth Technologies Limited (ATL), Centum Electronics, and Hyderabad-based Tata Advanced Systems Limited (TASL), all of which are part of different consortiums. The tender process is expected to conclude by March, with India Infrastructure Finance Company Limited (IIFCL), under the Ministry of Finance, overseeing the bid.
HBL Power Systems shares climb 6% after securing Rs 1,522 crore KAVACH order
HBL Power System Share Price: HBL Power Systems' shares surged over 6% after securing a ₹1,522.40 crore order from Chittaranjan Locomotive Works for the KAVACH Train Collision Avoidance System. The 12-month project will equip 2,200 locomotives. Despite a recent dip in quarterly revenue, the company's stock has seen significant gains this year, prompting overbought signals.
1,440 VVPATs verified in Maharashtra polls, all results matched with EVM counts: Official
Maharashtra's Additional Chief Electoral Officer confirmed 1,440 VVPATs were verified during the recent assembly polls, with results matching EVM counts perfectly. He vouched for EVM credibility, stating they are standalone, hack-proof devices. 659 Model Code of Conduct violation cases, up from 366 during Lok Sabha polls, are under investigation.
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.
Bharat Electronics shares climb over 1% on winning order worth Rs 634 crore
BEL Share Price: The major orders include maintenance of the Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, test stations, spares and services.
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MapmyIndia shares plunge 14% in 2 days, hit 52 week low. Here's why
MapmyIndia share price: C.E. Info Systems (MapmyIndia) shares plunged 14% after CEO Rohan Verma announced plans to start a new B2C company and acquire a 10% stake in it. Verma will step down as CEO and become a non-executive director. The company will invest Rs 35 crore in the new venture.
Govt for fair AI development; Google in CCI crosshairs
Happy Friday! The government is leading multiple projects to foster responsible growth of AI. This and more in today’s ETtech Morning Dispatch.
IT cos' Q2FY25 results ahead of estimates. Infosys, LTIMindtree among 9 brokerage buys
Indian technology companies exceeded their Q2 earnings forecasts, but their future guidance remained cautious. While some brokerages observed a potential bottoming out of pessimism, clear signs of increased spending in developed countries are still pending. Stocks like Infosys, TCS, and HCL Tech are among the top picks for many brokerages.
Q2 results today: Hyundai, Nykaa among 540 companies to announce earnings on Tuesday
Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1900 crore in revenue. This surge is attributed to the success of their beauty and personal care (BPC) sector. The fashion vertical also showed growth, with revenue growth in the early twenties.
Q2 results today: SBI, Tata Motors among 152 companies to announce earnings on Friday
Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release their July-September 2024 quarter results today. SBI is predicted to show single-digit growth in net interest income, while Tata Motors is expected to see a 30% rise in net profit despite muted revenue growth.
Amit Laroya appointed as Chairman of Kennametal India Limited
Kennametal India Limited appointed Amit Laroya, former Managing Director of 3M India, as its Non-Executive Chairman. The company also reported a 4.8% year-over-year increase in sales for Q1 FY25, reaching Rs 2,704 million, driven by volume growth in Hard Metal and Machining Solutions. Profit Before Tax (PBT) surged by 28.
Titagarh Rail Q2 Results: PAT jumps 14% YoY to Rs 81 crore, revenue up 13%
Titagarh Rail Q2 Results: Titagarh Rail Systems posted a 14% increase in consolidated net profit for the September quarter, reaching Rs 81 crore. Revenue from operations rose by 13% to Rs 1,057 crore. While the freight rail systems revenue grew to Rs 1,000 crore, revenue from passenger rail systems dropped to Rs 57 crore. Total expenses were Rs 953 crore.
BEL Q2 Results: PAT jumps 34% YoY to Rs 1,091 crore, beats estimates
BEL Q2 Results: The profit after tax (PAT) surpassed Street estimates of Rs 843 crore. In Q2, revenue from operations reached Rs 4,583 crore, marking a 15% increase from Rs 3,993 crore reported in the same quarter of the previous financial year.
Q2 results today: Coal India, IndiGo among 149 companies to announce earnings on Friday
Today, 149 companies will announce their July-September 2024 earnings. Important results include Coal India, JSW Steel, Bharat Electronics, IndiGo, and Bank of Baroda. IndiGo may report losses, while JSW Steel's profits are expected to fall significantly. Investors and analysts are keenly awaiting these updates to assess market performance.
Persistent Systems shares rally 6% after reporting 23% YoY jump in Q2 PAT
Shares of Persistent Systems rose by 5.7% following its Q2 results. The company reported a 23.4% increase in profit after tax, reaching Rs 325 crore year-on-year. Revenue saw a 20% rise, standing at Rs 2,897.15 crore. The total expenses for the quarter also increased compared to the previous fiscal year.
IT firm Persistent Systems Q2 profit up 23.4% to Rs 325 crore
The company's revenue from its core businesses remained stable, while sectors like healthcare and life sciences saw significant growth. Despite a slight decline in employee count, the company's deal momentum picked up, with total contract value reaching $529 million.
Persistent Systems Q2 results: PAT jumps 23% YoY to Rs 325 crore, revenue up by 20%
Persistent Systems reported a 23.4% jump in PAT to Rs 325 crore and a 20% YoY increase in revenue. The company's revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore. Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin was reported at 16.6%.
Hyundai listing, Q2 results among 8 factors to drive stock market this week
Nifty declined 0.44% this week, influenced by auto, metal, and IT stocks. Key upcoming factors include FII flows, IPO activity, Q2 results, and global market trends
Motilal cuts Nifty EPS estimates by 4%, picks 20 stocks ahead of Q2 results
Motilal Oswal has downgraded FY25 Nifty EPS estimates by 4% to Rs 1,072, citing reduced forecasts for metals and O&G. Despite this, sectors like BFSI, healthcare, and utilities are expected to drive earnings growth. Top picks include ICICI Bank, HDFC Bank, and Bharti Airtel.
Big IT expects growth momentum to continue in September quarter
India’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be better than the first quarter on the back of deal revival and an improvement in business sentiment in North America.
Decoding Swiggy’s Rs 10,000 crore IPO; PSMC on India’s chip play
Swiggy has filed its updated draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). This and more in today’s ETtech Top 5.
Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook
The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector's outperformance.
Railway sector Q1 review: Average PAT decline 16% QoQ, revenue down 24%. What are your cues?
The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.
MapmyIndia shares jump 7% as Q1 profit rises 12% YoY
Shares of CE Info Systems-owned MapmyIndia on Monday surged 7% to its day’s high of Rs 2,380.35 after the company on Friday reported a 12% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 35.9 crore for the June quarter.
Jubilant FoodWorks Q1 Results: Profit plunges 31% YoY to Rs 51.5 crore; revenue jumps 10%
The pizza company saw a 10% year-over-year increase in operational revenue during the quarter, reaching Rs 1,439.6 crore, primarily driven by 8.5% growth in its India operations. EBITDA rose slightly by 0.7% to Rs 278.2 crore, though margins decreased by 1.8 percentage points compared to the same period last year.
BEL Q1 results: Standalone PAT jumps 46% YoY to Rs 776 crore, revenue rises 20%
BEL Q1 Results 2024: Bharat Electronics (BEL) posted a 46% year-over-year increase in Q1 2024 standalone net profit, reaching Rs 776.14 crore. Revenue climbed 19.6% year-over-year to Rs 4,198.77 crore. However, quarterly net profit and revenue dropped significantly. Shares rose 5% post-results. BEL secured major contracts, including one with Armoured Vehicles Nigam Limited, boosting its order book.
Q1 results today: Adani Total Gas, Adani Wilmar among 95 companies to announce earnings on Monday
Q1 Results Today 29 July 2024: Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results. | Latest Updates
Q1 results today: L&T, Axis Bank among 67 companies to announce earnings on Wednesday
67 companies, including L&T, Axis Bank, Bajaj Finserv, and SBI Life, will release April-June 2024 results. L&T expects 8% growth. Axis Bank's net interest income is up 11%, with net interest margins down; it reported Rs 7,130 crore profit in March quarter compared to last year's loss. Results from various companies are anticipated.
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