PATEL INTEGRATED LOGISTICS LTD Q1 RESULTS
One index that better indicates what is likely to happen to the economy; track it before Nifty, Sensex, or a maze of 400 other indices
As a country, we are obsessed with the Nifty50, Bank Nifty, the Sensex, and the Nifty Midcap Index. We don't bother to look at others. Of course, many are not worth looking at as they are there just for the sake of it. There is, however, one index which should probably be looked at before all others. Reason: This index gives you a much better idea of what is happening in the economy. And it is what happens in the economy that matters to the street. So while it is not well tracked today, it is probably time you started paying more attention to this index.
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.
UltraTech Cement Limited becomes India's first cement company to use inland waterways for gypsum transport
UltraTech Cement transported mineral gypsum via National Waterway 1. This is a first for an Indian cement company. The shipment traveled from Haldia to Patna. This initiative reduces carbon emissions. It also eases congestion on roads and railways. UltraTech aims to achieve Net Zero emissions by 2050. The company previously used waterways to transport phosphogypsum.
A combination of conventional & unconventional: 6 stocks with dividend yields of 2.9 to 3.1% & upside potential of up to 47%
How are individual investors different from institutional investors? Among many differences, a key one is: There’s something most individual investors don't even look at before buying stocks, but institutional investors give due importance to. And that is the dividend yield at which the stock is being bought. For an individual investor, the focus is on possible capital gain. To an extent, there’s nothing wrong with this as stocks are mostly bought for capital gain - and not for the dividend that may come over the year. But there are times when using dividend yield as the first yardstick of investing will help you make a decision – especially when things are not very clear.
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.
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.
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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.
Delhivery Q2 Results: Co posts Rs 10 cr profit vs YoY loss, revenue up 13%
Delhivery reported a net profit of Rs 10 crore in Q2FY25, compared to a loss of Rs 103 crore in Q2FY24. Revenue grew 13% YoY to Rs 2,190 crore. EBITDA increased to Rs 57 crore. Express Parcel revenue grew 7% YoY, and Part Truckload revenue grew 27% YoY.
Zydus Lifesciences Q2 Results: Net profit jumps 14% YoY to Rs 911 crore
Zydus Lifesciences reported a 14% YoY net profit rise to Rs 911 crore for Q2FY25, driven by strong sales in India and the US. Revenue grew 20% YoY to Rs 5,237 crore. However, QoQ profit and revenue declined. EBITDA rose 27.5% YoY.
Vedanta Q2 Results: Mining major swings to black with Rs 5,603 crore profit versus YoY loss
Vedanta LTD Q2 Results FY25: Revenue from operations fell 4% year-on-year to Rs 37,171 crore in the quarter ending September 2024, compared to Rs 38,546 crore in the same period last year. The company reported an EBITDA of Rs 9,828 crore for the July-September quarter, with margins at 26.1%.
Ola Electric Q2 Results: Net loss narrows YoY to Rs 495 cr; revenue jumps 39%
Ola Electric Q2 Results: Revenue from operations increased by 39% YoY to Rs 1,214 crore in the September quarter. However, the loss widened sequentially from Rs 347 crore in the previous June quarter. EBITDA losses for the quarter stood at Rs 223 crore, which is higher compared with Rs 321 crore loss reported in the last year period. However, on a quarter-on-quarter basis, operating losses widened from Rs 65 crore posted in Q1FY25.
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.
Adani Ports Q2 Results: Profit rises 40% YoY to Rs 2,445 crore
Adani Ports Q2 Results: Adani Ports reported a 40% year-on-year growth in its consolidated net profit, reaching Rs 2,445 crore for the quarter ended September 2024, compared to Rs 1,748 crore in the same quarter last year.
Motilal Oswal Q2 Results: PAT soars 111% YoY to Rs 1,120 crore, revenue jumps 71%
Motilal Oswal Financial Services reported a 111% YoY jump in PAT to Rs 1,120.08 crore in Q2FY25. Revenue from operations was reported at Rs 2,838 crore, up 71.5% YoY.
Sun Pharma Q2 Results: Profit rises 28% YoY to Rs 3,040 crore, beats estimates
Sun Pharmaceutical Q2 FY25 Results: Sun Pharma reported a 28% increase in consolidated net profit for Q2, reaching Rs 3,040 crore, up from Rs 2,375 crore last year. Revenue rose 9% YoY to Rs 13,291 crore, surpassing market estimates. EBITDA grew 24% YoY to Rs 3,939 crore, with a margin of 29.6%. Formulation sales in India increased 11% YoY to Rs 4,265 crore, representing 32% of total sales.
Adani Energy Solutions Q2 Results: PAT soars 145% YoY to Rs 675 crore
Adani Energy Solutions Q2 Results: Adani Energy Solutions saw a 145% YoY surge in Q2 net profit to Rs 675 crore, driven by a 68% rise in revenue to Rs 6,184 crore. Transmission business revenue more than doubled, while distribution grew 22%. The quarter also marked a return to profit QoQ after a previous loss.
Mahindra Logistics Q2 Results: Profit falls 54% to Rs 8.5 crore
Mahindra Logistics Ltd reported a 54% decline in standalone PAT to Rs 8.5 crore for Q2 FY25, despite a 9% revenue increase to Rs 1,236 crore. Strong growth was seen in 3PL logistics, cross border, and last mile delivery segments, with future expectations optimistic due to investments and the festive season peak.
Patel Integrated Logistics’ rights issue oversubscribed by 3.19 times; paves way for debt reduction
The rights issue, opened on September 19, 2024, was priced at Rs 18 per share (including a premium of R 8 over the face value of Rs 10), said the company in its regulatory filing.
Unicommerce Esolutions Q1 results: PAT jumps 31% YoY to Rs 3.5 crore, revenue up 9%
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 30, 2024, which was up by 31% from Rs 2.7 crore reported by the company in the year ago period.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Allcargo Logistics Q1 Results: Net profit plummets 97% to Rs 3.36 crore
Allcargo Logistics Q1 Results: Allcargo Logistics' standalone net profit fell drastically by 97% to Rs 3.36 crore in Q1, compared to Rs 198.26 crore last year. However, their income from operations increased by 46%. Growth in their contract logistics and international supply chain has been noted. They expect continued demand through the year's peak season.
Bandhan Bank, GRSC among 16 stocks to trade ex-dividend on Tuesday. Last date to buy today
Dividends are paid to shareholders who are listed in the company's records on the record date. Shareholders who buy the stock at least one day before the ex-date qualify for dividends, as the transaction settles the following day. However, those who purchase the stock on the ex-date are not eligible for dividends.
Tata Power Q1 Results: Cons PAT rises 4% YoY to Rs 1,189 crore, revenue jumps 14%
Tata Power Q1 Results: Tata Power today reported a consolidated net profit of Rs 1,189 crore for the quarter ended June 30, 2024, which was up by over 4% from Rs 1,141 crore reported by the company in the year ago period.
Delhivery Q1 Results: Company swings to black, posts Rs 54 crore profit, revenue jumps 12% YoY
Delhivery Q1 Results Q1FY25: Its revenue from services jumped 12.6% year-on-year (YoY) to Rs 2,172 crore, up from Rs 1,930 crore in the same quarter of the previous year. | Quarterly Reports Latest News
Patel Integrated Logistics Q1 Results: Profit soars 47% at Rs 1.53 crore, revenue grows 34.78%
Patel Integrated Logistics Ltd saw a 47% increase in Q1 profit, reaching Rs 1.53 crore due to higher demand for air cargo services. Revenue rose by 34.78% year-on-year to Rs 96.89 crores. Executive Director Mahesh Fogla expects double-digit growth and is considering monetizing non-core real estate for stakeholder benefit.
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.
TCI Q1 results: Net profit up 10% to Rs 92 crore
The Transport Corporation of India (TCI) reported a 10% increase in consolidated profit after tax, reaching Rs 91.6 crore for the quarter ending June 30, 2024. Revenue also rose to Rs 1,056 crore. The company's growth was seen across various segments, including coastal shipping and cold chain logistics, with significant investment in infrastructure to enhance efficiency.
Budget 2024: India Inc. expects the government to focus on digital and physical infrastructure in the upcoming budget
Union Budget 2024: India Inc. anticipates the forthcoming budget to concentrate on the digital economy, research and development, and bolster the logistics sector to propel the nation towards a $7 trillion economy target. Industry leaders urge Union Finance Minister Nirmala Sitharaman to prioritize digital and physical infrastructure to spur growth and innovation, aiming for a lucrative $130 billion industry by 2030. To support the pharmaceutical sector's global market reliance, credit schemes and policies are expected to facilitate international trade.
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