PIX TRANSMISSIONS LTD Q1 RESULTS
Adani Green shares surge 4% after Q3 PAT jumps 85% YoY to Rs 474 crore
Adani Green Energy shares rise 4% after reporting an 85% YoY increase in net profit to Rs 474 crore for the December quarter. The company's power supply revenue stood at Rs 1,993 crore, and it is progressing on its renewable energy plant in Gujarat. The average target price of the stock suggests a potential 91% upside.
Adani Energy Q3 Results: Cons PAT zooms 73% YoY to Rs 562 crore, revenue rises 28%
Adani Energy Q3 Results: The quarterly revenue from operations rose 28% YoY to Rs 5,830 crore from Rs 4,563 crore but dropped 6% sequentially from Rs 6,184 crore in Q2FY25. Meanwhile, the bottom line fell 17% sequentially to Rs 675 crore, reflecting a decline compared to the July-September 2024 quarter, despite strong annual growth in revenue performance.
Adani Green Q3 Results: Cons PAT jumps 85% YoY to Rs 474 crore, revenue rises 2%
Adani Green Q3 Results: The company's operational revenue reached Rs 2,365 crore in the quarter, a 2.3% rise compared to the Rs 2,311 crore generated in the same quarter of the previous financial year.
Newgen Software Technologies shares crack 17% post reporting Q3 results
Newgen Software share price: The company’s profit after tax (PAT) for the third quarter ended December 2024 was Rs 89 crore, marking a 30% year-on-year increase compared to Rs 68 crore in Q3FY24. Additionally, revenue from operations grew by 18% YoY, reaching Rs 381 crore.
Muted user adds, higher costs dragged Jio FYQ3: Analysts
Reliance Jio's Q3FY25 results disappointed due to fewer mobile user additions, higher access costs, modest ARPU growth, and reduced margins. However, strong growth in home broadband services and enterprise business show promise, with expectations for future revenue and ARPU growth driven by tariff hikes and expanding 5G services.
Stocks to buy today: HSBC upgrades Biocon; MOSL sees 20% rise in HCL Tech post Q3 results
Motilal Oswal (MOSL) has reiterated its "Buy" rating on HCL Technologies, setting a target price of Rs 2,400, which implies a potential upside of 20% from the current market price of Rs 1,985.
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As market fell from peak, these 29 smallcaps defied gravity to deliver up to 118% return
Despite a significant correction in the Indian stock market, approximately 29 small-cap stocks have shown resilience, delivering returns of up to 118%. This impressive performance comes amidst global economic uncertainty and weak second-quarter results. Analysts suggest a cautious approach, recommending selective investment in small-cap stocks with strong fundamentals and growth potential.
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.
GAIL shares jump 6% as Q2 results cheers Street
Gail Share Price: GAIL (India) Ltd reported a 11% rise in net profit to Rs 2,672 crore in the September quarter, driven by growth in gas transmission and a turnaround in the petrochemical business. Despite a drop in gas marketing operating profit, the company saw increases in transmission and petrochemicals.
GAIL Q2 Results: Profit rises 11% to Rs 2,672 crore, revenue up 3.5%
India’s largest natural gas marketer and transporter witnessed a 26% drop in operating profit in the gas marketing business during the quarter to Rs 1,329 crore. Operating profit in the gas transmission business increased 8% to Rs 1,403 crore.
GAIL Q2 Results: PAT rises 11% YoY to Rs 2,672 crore
GAIL reported an 11% increase in standalone net profit for Q2 FY25, reaching Rs 2,672 crore. Revenue from operations saw a 3% rise, reaching Rs 32,931 crore. The company achieved an EBITDA of Rs 3,937 crore with margins at 11.6%. GAIL recorded its highest-ever half-yearly EBITDA, PBT, and PAT in H1 FY25.
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.
L&T Q2 Results: Cons PAT rises 5% YoY to Rs 3,395 crore, revenue jumps 21%
L&T Q2 Results: L&T reported consolidated revenue of Rs 61,555 crore for the quarter ending September 30, 2024, marking a 21% YoY growth, driven by accelerated progress across its Projects & Manufacturing (P&M) portfolio. This revenue exceeded ET Now’s estimate of Rs 57,622 crore. International revenues reached Rs 32,057 crore, making up 52% of total revenue, largely due to a strong international P&M order book, according to the company’s filing.
BHEL Q2 Results: Co swings to black, posts Rs 106 crore PAT vs loss year-ago
BHEL Q2 Results FY25: Bharat Heavy Electricals Limited (BHEL) reported a consolidated net profit of ₹106 crore for the September quarter, a notable turnaround from a loss of ₹63 crore in the same period last year. The company's revenue from operations during the quarter stood at Rs 6,584 crore which was up 28% over Rs 5125.29 crore reported in the corresponding quarter of the previous financial year.
Adani Energy gets Sebi notice over alleged wrongful categorisation of shareholders
Adani Energy Solutions (AESL) received a notice from Sebi alleging wrongful categorization of certain investors as public shareholders. AESL said it will respond to regulatory and statutory authorities by providing relevant information/clarifications.
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.
Adani Energy Solutions shares in focus ahead of Q2 results today
Adani Energy Solutions share Price: Adani Energy Solutions will announce its Q2 FY25 results today, with key updates including a system availability of 99.7% for its transmission business, three new project wins, and an increase in e-payments. The company raised Rs 8,373 crore via qualified institutional placement.
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.
Adani Energy set to raise up to $1 billion via QIP
This will be the first equity fundraising by an Adani Group company since Adani Enterprises called off its ₹20,000 crore follow-on public offer (FPO) in February last year after having raised the amount.
REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT City
REC Limited, a 'Maharatna' company under the Ministry of Power, has applied to open a subsidiary in Gujarat's GIFT City to begin financing offshore projects. CMD Vivek Kumar Dewangan announced plans to start offshore financing this financial year. REC reported a 19% increase in revenue to Rs 13,023 crore and a 16% rise in net profit to Rs 3,442 crore for Q1 2024. The company aims to double its loan book to Rs 10 lakh crore by 2030, focusing on renewable energy and non-power infrastructure.
Power Grid Q1 Results: Standalone profit falls 4% YoY to Rs 3,412 crore, revenue down 2%
Power Grid's Q1 FY24 net profit fell 4% to Rs 3,412 crore from Rs 3,542 crore last year. Revenue decreased by 2% to Rs 10,068 crore from Rs 10,245 crore.
Adani Energy Solutions Q1 Results: Company posts a net loss of Rs 1,191 crore
Adani Energy Solutions (AESL), formerly Adani Transmission Ltd, on Thursday, reported a consolidated net loss of Rs 1191 crore against a profit of Rs 182 crore for the quarter ended June 30. The loss was on account of an exceptional item.
Adani Energy Solutions Q1 Results: Net loss at Rs 824 crore, revenue jumps 47% YoY
Adani Energy Solutions recorded a Rs 824 crore net loss for June 2024, a shift from Rs 175 crore profit last year. Quarterly revenue rose 47% to Rs 5,379 crore from Rs 3,664 crore.
L&T shares rise 2% after 12% YoY jump in PAT. Should you buy, sell or hold?
Larsen and Toubro (L&T)’s shares rose by 2% after it reported a consolidated net profit of Rs 2,786 crore for Q1 FY25. Revenue from operations saw a 15% YoY increase, driven by robust execution in projects and manufacturing. Orders grew by 8%, with strong momentum in the Middle East, per analysts insights.
L&T Q1 Results: Cons PAT jumps 12% YoY to Rs 2,786 cr, revenue rises 15%
L&T Q1 Results: Revenue from operations grew 15% YoY to Rs 55,120 crore, driven by strong performance in the projects and manufacturing (P&M) portfolio, supported by a substantial order book. In the first quarter, the company secured orders worth Rs 70,936 crore at the group level, showing an 8% year-on-year increase, thanks to robust ordering activity in the Middle East.
Construction companies likely to report subdued growth in Q1 amid lower awarding of projects, slow execution
The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte
GAIL Q4 Results: Net profit triples on gas transmission business turnaround
State-owned gas utility GAIL (India) Ltd on Thursday reported more than tripling of its fourth quarter net profit after the natural gas transmission and petrochemical business saw a turnaround.
Tata Power Q4 Results: Net profit jumps 11% YoY to Rs 1,045 crore
During the quarter, net profit came in at Rs 1045.5 crore against Rs 938.8 crore reported in the fourth quarter of the last fiscal year.
Adani Energy Q1 Results: Profit falls 6% YoY to Rs 175 crore; revenue rises 17%
Revenue from operations during the reporting quarter increased 17% year-on-year (YoY) to Rs 3,664 crore. The company had clocked revenues of Rs 3,132 crore in the year-ago period.
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