QUANTUM DIGITAL VISION INDIA LTD Q3 RESULTS
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.
HUL, other FMCG stocks tumble after Godrej Consumer Q3 business update weakened sentiment
HUL Share Price: HUL saw its sharpest drop in six weeks on Monday, leading the Nifty FMCG index to become the day's worst-performing sector, sliding over 2%. Godrej Consumer Products took the hardest hit, plummeting more than 11%. Other FMCG stocks also declined, with Dabur, Marico, Tata Consumer Products, Britannia, and Colgate shedding between 2% and 5%.
Godrej Consumer shares fall 11% as Q3 business update leads to target price cuts
Godrej Consumer Products Share Price: Godrej Consumer shares dropped by up to 11% to Rs 1,102 on BSE following a weak Q3 business outlook, prompting brokerages to lower their target prices. The company highlighted a 20-30% year-on-year rise in palm oil and derivatives prices, which has affected its soaps category, contributing one-third of its standalone revenue.
Paytm shares rise 3%, hit new 52-week high after UBS hikes target price to Rs 1,000
Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a 'Neutral' stance. The brokerage anticipates revenue-driven growth as cost optimization plateaus. Bernstein also increased its target to Rs 1,000, highlighting potential upside and downside scenarios. Paytm launched an automatic top-up for UPI LITE, streamlining small-value transactions.
Profit apocalypse! 10 companies with steepest losses in Q2. Who blew it worst?
Indian companies faced a profit slump in Q2 FY25, with several sectors reporting declines. Vodafone Idea, Sammaan Capital, and Indian Oil posted significant losses. Analysts downgraded earnings forecasts, citing weak consumption and government spending, but anticipate a recovery in the second half of the fiscal year.
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.
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Indian IT Sector to see subdued growth in Q3, recovery likely in Q4
The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.
Hero MotoCorp shares in focus after Q2 PAT, revenue see double-digit growth
Hero MotoCorp share price: Hero MotoCorp saw a 14% increase in standalone net profit to Rs 1204 crore in Q2, driven by strong revenue growth and improved margins. The company reported its highest-ever quarterly revenue from parts and accessories.
India Inc fares well in Sept quarter, minus oil & gas
Indian companies, excluding oil and gas, reported solid double-digit profit growth for the seventh consecutive quarter, although the pace of expansion slowed. While banks and finance companies performed well, overall earnings were subdued due to a higher base effect and rising interest costs.
AM/NS India Q3 Results: EBITDA slumps 70% YOY on lower steel prices
Even though shipments of 1.89 million tonne in the Jul-Sep period were marginally higher than 1.87 million tonne in the same quarter last year, sales for the quarter stood at $1.54 billion, down from $1.68 billion in the year ago period. EBITDA for the September quarter stood at $162 million, down from $533 million a year ago.
Info Edge Q2 Results: PAT slides 59% YoY to Rs 86 crore; revenue rises 11%
Revenue from operations grew 11% to Rs 656 crore in the quarter, up from Rs 593 crore in the same period last year. The recruitment business saw steady growth in Q2, while non-recruitment segments also expanded, reducing operating losses.
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.
AkzoNobel India Q2 Results: PAT rises 4% to Rs 97 crore; Rs 70 per share dividend announced
AkzoNobel India reported a 4% YoY increase in PAT to Rs 97.9 crore and a 3% rise in revenue to Rs 982.3 crore, despite rising raw material costs. The company declared a Rs 70 interim dividend and is exploring strategic options in the Indian market.
Emami Q2 Results: Standalone profit rises 31% to Rs 214 crore, revenue up 1.1%
Emami Ltd reported a 31% YoY increase in Q2 net profit to Rs 214.1 crore, despite subdued demand. Revenue grew 1.1% to Rs 709 crore, with domestic sales rising 2.6%. High food inflation and global disruptions impacted performance.
Titan Q2 Results: Net profit falls 23% YoY to Rs 704 crore on customs duty cut
Titan Q2 Results: The profit fell short of Street estimates of Rs 900 crore, based on an ET Now poll, while revenue exceeded projections of Rs 12,350 crore. Titan’s core jewellery segment saw a 26% increase in total income to Rs 10,763 crore for the quarter, with an EBIT of Rs 932 crore at an 8.7% margin. Adjusted for customs duty, Q2FY25 EBIT reached Rs 1,222 crore, achieving an 11.4% margin.
Q2 results today: Titan, Dr Reddy's among 63 companies to announce earnings on Tuesday
The second quarter earnings season is in full swing, with 63 companies, including prominent names like Dr Reddy's, Titan, and Mankind Pharma, set to release their July-September 2024 quarter results today.
Bata India Q2 Results: Profit shoots up 53% to Rs 52 crore
"The results for the quarter reflect continued momentum in the transformation journey, driven by strategic investments in product innovation, elevated customer experience, technology integration and brand premiumisation, positioning Bata strongly for future growth," it said.
Q2 results today: L&T, Dabur among 77 companies to announce earnings on Wednesday
L&T, Tata Power, and Dabur are key among 77 companies declaring Q2 earnings today. L&T's revenue is expected to rise by 16%, while Dabur may see a 5% year-on-year drop in revenue due to volume declines and distributor inventory corrections. Heavy rains impacted Dabur's out-of-home consumption.
Bharti Airtel Q2 Results: Net profit soars 168% YoY to Rs 3,593 crore, ARPU rises to Rs 233
Bharti Airtel Q2 Results: The company's revenue from operations for the quarter reached Rs 41,473 crore, marking a 12% increase from Rs 37,044 crore in the same quarter last year. The average revenue per user (ARPU) rose 15% year-on-year to Rs 233 from Rs 203 in Q2FY24. Consolidated net income (before exceptional items) increased by 32.2% YoY to Rs 3,911 crore.
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.
Q2 saw normalisation of growth in IndiGo; expect lower double-digit growth in Q3: Pieter Elbers
IndiGo's CEO, Pieter Elbers, discusses the airline's growth, the impact of seasonal trends, and increased travelers post-COVID. Despite facing high grounded aircraft numbers, supply chain issues, and extra costs, IndiGo sees improvements and anticipates better performance in the coming quarters. The company is adjusting growth to seasonal patterns and plans for international expansion.
Colgate-Palmolive India Q2 results: Net profit grows 16% YoY to Rs 340 crore on highest-ever quarterly revenue
The company posted a 10% YoY topline growth for the quarter, with domestic revenue rising by 10.5%. The board declared an interim dividend of Rs 24 per share, with a record date of November 4.
NPST achieves 264% growth in Q2 FY’25 net profit, announces move to mainboard
NPST reported a revenue surge of 142% in Q2 FY'25, tallying ₹68.91 crore, with a net profit rise of 264%. For the half-year of FY'25, revenue reached ₹129.11 crore. The Board approved NPST's mainboard transition and employee stock allotment.
Varun Beverages Q3 Results: PAT rises 22% YoY to Rs 629 crore, revenue up 24%
Varun Beverages, reported a 22.3% year-on-year increase in net profit, reaching Rs 628.83 crore for the second quarter ending September 2024. This compares to Rs 514 crore in the same period last year, with a 24.5% rise in profit for the nine months ending September 2024.
IndiaMart shares tumble 18% after Q2 results. Should you buy, sell or hold?
IndiaMart Share Price: The company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year.
Kotak Mahindra Bank Q2 Results Preview: NII may surge by up to 13% YoY on double-digit loan growth
JM Financial is the most optimistic about NII and PAT figures, while ICICI Securities takes a more cautious stance. ICICI Securities anticipates a 4.2% decline in PAT, in contrast to its peers who project growth ranging from 5.5% to 12.4%.
Nestle India Q2 Results: Cons PAT falls marginally to Rs 899 crore, but beats estimates
Nestle India Q2 Results: Nestle India reported a consolidated net profit of Rs 899 crore for Q3 2024, slightly down from Rs 908 crore YOY. Revenue from operations grew by 1.3% to Rs 5,104 crore. Despite challenges like muted consumer demand and high commodity prices, the company saw growth in key brands and ecommerce.
Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Q2 Results: Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector, along with a strategic focus on streamlining operations and adjusting its B2B approach to boost margins. Despite this, the retail arm still generated a substantial gross revenue of Rs 76,302 crore, though this figure also represents a 1.1% drop year-on-year.
Inclusion of 7 stocks in MSCI indices could draw $3 billion
India saw an influx of up to $3 billion in August due to MSCI's adjustments to its indices. HDFC Bank's weight was increased, and restrictions on Adani Group stocks were lifted. Seven cos joined the global standard index, boosting India's weight in the emerging markets index to 20%.
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