LIBORD SECURITIES LTD Q2 RESULTS
Q3 results today: HCL Tech, Angel One among 14 companies to announce earnings on Monday
HCL Technologies is expected to report mid-to-high single-digit profit growth, with revenue projected to increase between 4.3% and 6.8% in the third quarter. The company's adjusted net profit is anticipated to grow between 1.2% and 8.2%, according to analyst estimates.
2 liquor stocks may rally up to 19% on Q3 results, 3 other factors
Brokerages suggest that liquor stocks, particularly United Spirits and Radico Khaitan, may see an upside potential of up to 19% due to strong Q3 earnings forecasts, a softer base effect, beneficial regulatory changes in Andhra Pradesh, and a rise in demand for premium products. The Q3 earnings bring liquor counter under the spotlight. They fall under the consumer discretionary segment and could outperform the staples.
Corporate earnings season starts: Will Q3 reverse the trend?
Tata Consultancy Services has kicked off the third-quarter earnings season, with analysts predicting gradual recovery in revenues and profits. Financials may drive modest earnings growth, while sectors like cement, metals and FMCG face challenges. Markets remain volatile, influenced by concerns over earnings downgrades and foreign outflows.
TCS to announce Q3 results today. 6 key things to track
TCS Q3 Results: Emkay Global expects TCS shares to trend sideways to negative, with support at Rs 4,000 and Rs 3,900 and resistance at Rs 4,170-4,280. A buying opportunity is seen in the support band. A short build-up was noted, with open interest at $580 million, below its 1Y mean. Max OI is at Rs 4,200/3,800 strikes, with call and put additions observed.
Dark clouds loom! Q3 results could mark a downgrade hattrick for India Inc
Nuvama maintains a defensive portfolio, overweight in private banks, insurance, and sectors like pharma and cement, while underweight in industrials and PSU banks due to potential downgrades. CLSA favors commodities and insurance, while underweighting IT and industrials. CLSA also increased its focus on staples, adding Tata Motors, NTPC, Nestle, and Britannia, and removed HDFC Bank from its portfolio.
Microsoft’s $3 billion India AI bet; Mobikwik earnings
Microsoft announced a $3 billion investment in India to strengthen AI and cloud infrastructure. This and more in today’s ETtech Top 5.
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Nitco shares zoom 5% after bagging Rs 105 crore order from Prestige Estates
Nitco's shares jumped 5% after landing a Rs 105.4 crore tile and marble supply order from Prestige Estates. With another Rs 104 crore in anticipated orders, the company sees growth despite reporting a wider net loss in Q2 FY25. The stock's bullish indicators contrast with its trading below key moving averages, showcasing its volatile performance.
Vedanta shares jump over 1% as board to decide on fourth interim dividend today
Vedanta's board is scheduled to meet on December 16, 2024, to discuss a potential fourth interim dividend for FY2024-25. The record date is set for December 24. This follows three previous interim dividends, totaling Rs 35 per share. The company's shares have doubled in value this year, despite a 4% year-on-year decline in Q2 FY25 revenue.
Ashok Leyland shares in focus after securing order worth Rs 346 crore from Tamil Nadu State Transport Corporation
Ashok Leyland shares will be in focus after securing an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis, valued at approximately Rs 345.58 crore. The delivery will occur between December 2024 and May 2025, with the contract following standard business terms and no adverse conditions, the company confirmed.
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.
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.
India Inc's interest cover weakens with slipping top & bottom lines
Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.
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.
Oyo's share dips to Rs 55 despite strong second quarter profits
Oyo's shares are currently trading at a discounted valuation despite the company reporting strong financial performance and projecting significant EBITDA growth. Investors are closely monitoring the market and anticipating a successful IPO in the future, driven by Oyo's impressive profitability and recent acquisition of G6 Hospitality.
BSE shares tumble over 3% even as Q2 profit skyrockets 193% YoY to Rs 346 crore
BSE's share price dropped 3.5% despite a 193% surge in Q2 net profit, reaching Rs 346 crore. Revenue also saw a significant rise of 138%, hitting Rs 746.3 crore. While analysts acknowledge the strong performance driven by derivatives and increased market share, some remain cautious, suggesting a 'Hold' rating for the stock.
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.
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.
Trent Q2 Results Preview: Revenue may grow up to 56% on store additions. Watch for commentary on demand outlook
Estimates from Kotak Institutional Equities, Nuvama Institutional Equities, and Axis Securities reveal differing outlooks: Nuvama is most conservative on revenue and PAT, Kotak is bullish on revenue, while Axis is the most optimistic on Trent’s net profit.
Tata Steel Q2 results preview: Falling realisations, rising costs may lead to Rs 153 crore loss
Tata Steel may report a loss for the second quarter of FY25. Analysts predict declining realizations and rising costs will impact both domestic and European operations. While sales volume has increased, lower steel prices are expected to affect revenue. EBITDA may decline due to weaker realizations.
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.
Adani Power Q2 Results: Cons PAT declines 50% YoY to Rs 3,298 crore
Adani Power Q2 Results: In the year-ago period, revenue was Rs 6,594.17 crore. For the recent quarter, revenue from operations reached Rs 13,339 crore, up 3% from Rs 12,991 crore in the same quarter last year. Continuing revenue grew 20% YoY to Rs 28,517 crore in H1 FY25 and 10.8% YoY to Rs 13,465 crore in Q2 FY25, as per the company’s filing.
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: YES Bank, ICICI Bank among 63 companies to announce earnings on Saturday
The second quarter earnings season sees 63 companies disclosing their July-September 2024 results. Key players like YES Bank, ICICI Bank, and IDFC First Bank are among them. ICICI Bank is expected to show an 8-11% rise in net interest income, while YES Bank might report up to a 115% increase in net profit.
Q2 results today: ITC, Adani Wilmar among 114 companies to announce earnings on Thursday
Today, 114 companies, including ITC, IndusInd Bank, and Godrej Consumer, will announce their second-quarter earnings for July-September 2024. ITC is expected to see modest growth in revenue and profit, while IndusInd Bank may see a slight dip in net profit despite some growth in net interest income.
Mahindra Finance shares dip 8% as Q2 results disappoint Street. What brokerages say?
Mahindra Finance shares fell 8% despite a 26% YoY profit growth to Rs 390 crore. Analysts remain cautiously optimistic, citing concerns over rural borrower stress and seasonal performance impacts.
ICICI Securities Q2 Results: Cons PAT increases 25% YoY to Rs 529 crore, revenue up 36%
ICICI Securities reported a 25% YoY jump in net profit to Rs 529 crore in Q2FY25. Total revenue from operations was recorded at Rs 1706.65 crore for the said quarter, which was up by 36% on a year-on-year basis. ICICI Securities’ total expenses had also increased to Rs 9,95.94 crore in the September quarter from Rs 679.61 crore in Q2FY24.
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.
Zomato Q2 Results Preview: Up to 662% YoY surge in PAT seen, revenue may rise by up to 80%
Zomato is set to report a substantial increase in its September quarter net profit, with estimates ranging from 585% to 662% year-on-year growth. Revenue is also expected to rise by 61% to 80%. The earnings announcement will be made on Tuesday. This significant growth is anticipated despite mixed quarterly changes in profit and revenue.
Stock to Watch: Bajaj Auto shares in focus ahead of Q2FY25 earnings. Here's what to expect
Shares of Bajaj Auto are set to draw attention as the company is projected to announce a significant YoY revenue increase of 24%-29% for Q2FY25, driven by robust volume growth and higher ASPs. Net profit is also expected to rise by 22%-24%.
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