RAMKY INFRASTRUCTURE LTD Q1 RESULTS
Bank of Baroda shares in focus as lender to raise Rs 10,000 crore via long-term bonds
Shares of state-owned Bank of Baroda (BoB) will be in focus on Thursday after the bank’s board approved raising up to Rs 10,000 crore through long-term bonds. The funds will be used to finance infrastructure and affordable housing projects.
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.
India Inc.'s Q2 results review: How different sectors of BSE 500 index fared in the second quarter of 2024-25
Data compiled from an Emkay report shows that the aggregate adjusted PAT growth of BSE 500 companies declined by 0.5% year-on-year. Comparatively, the earnings growth was 3.2% in the June 2024 quarter and 41.6% year-on-year in the corresponding period of the previous year. The performance deteriorates further if the financial sector companies are excluded as the adjusted net profit growth contracts to 9.8% year-on-year. The energy sector significantly dragged the overall earnings growth whereas healthcare and industrial sectors provided support.
36 companies doubled their sales and PAT in a disappointing Q2 earnings season
Despite a lackluster Q2 earnings season, 36 companies defied the trend, doubling both sales and profits. Some achieved growth in the thousands of percentage points, driven by strong demand in sectors like pharma and realty. Analysts remain optimistic about a stronger second half of FY25, citing festive demand and rural recovery.
Ashoka Buildcon shares rally 5% after winning Rs 1,391 crore NHAI road project
Ashoka Buildcon's shares rose 5% after securing a Rs 1,391 crore road project in West Bengal from NHAI. The project, part of a four-lane economic corridor, is expected to be completed within 910 days. The company recently reported a significant jump in Q2 FY25 profits, with net profit surging 334% YoY.
India Inc: Key takeaways from Q2 earnings season for investors
The second quarter of FY25 saw mixed financial results for Nifty 50 companies. While Pharma and Realty thrived, Energy and Infrastructure struggled. Factors like uneven rainfall and inflation impacted sectors like FMCG and Auto. Despite challenges, companies adapted through operational efficiency and strategic initiatives, with optimism for a stronger second half of the fiscal year.
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Q2 results today: Vodafone Idea, Eicher Motors among 650 companies to announce earnings on Wednesday
Vodafone Idea is expected to report a narrower consolidated loss for the second quarter, driven by revenue growth and improved ARPU. Analysts predict a loss between Rs 6300-6400 crore, with revenue rising 5% year-on-year. Subscriber base may decline, but ARPU is projected to reach Rs 156-159.
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.
Tata Motors shares jump over 3% despite reporting 11% fall in Q2 profit. Should you stay invested?
Tata Motors Share Price: Tata Motors' shares rose over 3% despite a lower-than-expected 11.18% YoY drop in Q2 profit, reaching Rs 3,343 crore. The company attributed the decline to external challenges impacting growth. Despite this, analysts remain optimistic, citing strong business fundamentals and anticipated improvements in the second half of FY25.
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.
Tata Motors Q2 Results: Cons PAT falls 11% YoY to Rs 3,343 crore, misses estimates
Tata Motors Q2 Results: During the quarter, its revenue dropped 3.5% YoY to Rs 101,450 crore. In a challenging environment, the company’s EBITDA margin dropped by 230 bps YoY to 11.4%, with caution on short-term domestic demand. JLR revenue fell 5.6% to £6.5 billion due to supply issues, leading to a 220 bps EBIT margin drop to 5.1%. Commercial vehicle revenue declined 13.9%, but EBITDA margin improved to 10.8% (up 40 bps) due to favourable pricing and cost savings.
RVNL shares fall over 5% after Q2 profit falls 27% YoY
RVNL Share Price: Rail Vikas Nigam Ltd (RVNL) reported a 27% YoY drop in Q2FY25 net profit to Rs 286.9 crore, impacted by lower margins and reduced earnings. Revenue declined 1.2% YoY to Rs 4,855 crore. However, sequentially, profit rose 28.1%, and revenue increased 19.2%. RVNL's shares surged 162% in 2024, currently trading at a P/E ratio of 77.8.
JK Tyres Q2 net falls 42% on weak demand, high natural rubber prices
JK Tyre & Industries' consolidated net profit plummeted by 42% in the September quarter, primarily due to a downturn in the commercial vehicle sector and a surge in natural rubber prices. Despite implementing price hikes, the company experienced a decline in revenue and margins.
L&T Q2 Results Preview: Up to 16% revenue uptick seen on robust execution in infra, energy segments
Engineering giant Larsen & Toubro (L&T) is expected to report a 16% year-on-year revenue increase for the September quarter, driven by strong execution in infrastructure and energy. Four brokerage estimates place revenue between Rs 56,800 crore and Rs 59,146 crore.
JSW Infrastructure Q2 Results: Net profit jumps 40% to Rs 374 crore
JSW Infrastructure on Monday reported around 40 per cent rise in consolidated net profit to Rs 373.73 crore in the September quarter, aided by higher income. Its net profit for the period was Rs 266.87 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.
Q2 results this week: Airtel, Maruti Suzuki, L&T among 392 companies to announce earnings
The second quarter earnings season for India Inc. is expected to be muted, with possibly the slowest growth in over four years. Major companies like Bharti Airtel, Maruti, Suzlon Energy, L&T, Dabur India, and Cipla will announce their results this week, highlighting key financial milestones.
Q2 results today: Just Dial among 6 companies to announce earnings on Friday
Six companies, including Just Dial, are set to announce their second-quarter results on Friday. Analysts predict this quarter might be the weakest in four years for corporate India, with Nifty earnings projected to grow by just 2%. Just Dial is anticipated to show a 75% rise in profit year-on-year, driven by growth in paid campaigns and improved EBITDA margins.
Q2 results season begins this week with TCS, IREDA, DMart. Check out the earnings calendar
TCS will kick off the earnings season on October 10, reporting its Q2 results alongside companies like Tata Elxsi and DMart. Key earnings to watch include TCS’s revenue growth and DMart's significant profit jump in Q1 FY25. Other notable companies reporting include Lotus Chocolates and Anand Rathi Wealth.
India's GDP hits 15-month low of 6.7% in Q1FY25
India's gross domestic product grew at 6.7 per cent for Q1FY25. Experts were anticipating moderate growth for this quarter, attributing their expectations to the general elections of 2024, a slump in urban consumption and a previously-sluggish rural growth. The Reserve Bank of India had in August projected India's GDP to grow at 7.1 per cent for the first quarter of fiscal year 2024-25.
Take notice! In a muted Q1 season, these 14 companies doubled sales and profits
14 companies with market capitalization exceeding Rs 2,500 crore demonstrated exceptional performance in Q1 2024, doubling their sales and profits. Top performers included Spright Agro and Diamond Power Infrastructure. The broader market saw mixed results with sectors like BFSI and automobile doing well, but oil marketing companies underperforming.
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.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
Berger Paints Q1 Results: Net profit falls marginally YoY to Rs 354 crore even as India volumes grow 12%
At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal.
SAIL Q1 Results: Net profit slumps 93% YoY to Rs 11 crore on weak pricing, exceptional item
The steel maker had an exceptional loss of Rs 312 crore. The state-owned steel company reported a 3% year-on-year increase in steel sales during the quarter, reaching 4.01 million tonnes. Despite a slight 1.5% decrease in revenue to Rs 23,998 crore, the company's core operations remained strong with a 15% rise in earnings before interest, tax, depreciation and amortisation (EBITDA) to Rs 2,420 crore.
RVNL Q1 Results: Profit falls 35% YoY to Rs 224 crore; revenue drops 27%
RVNL Q1 Results: State-owned RVNL reported a 35% drop in cons net profit to Rs 224 crore for Q1 June 2024, down from Rs 343 crore in the same quarter last year. Revenue from operations fell 27% to Rs 4,074 crore from Rs 5,572 crore year-over-year. Sequentially, net profit decreased 53% from Rs 478 crore in the March 2024 quarter, while revenue dropped 39% from Rs 6,714 crore.
Shree Cement Q1 Results: PAT declines 51% YoY to Rs 278 crore; revenue rises marginally
Shree Cement Q1 Results: During the first quarter of the 2025 fiscal year, the company reported a 1.75% increase in revenue from operations, reaching Rs 5,123.9 crore compared to Rs 5,035.6 crore in the same period last year. Total expenses also rose by 4.4% to Rs 4,618 crore from Rs 4,422 crore in the first quarter of the previous fiscal year. Despite these figures, the company's stock price experienced a slight decline of 0.2% to Rs 26,682 following the release of the earnings report.
Ambuja Cements Q1 Results: Standalone profit falls 12% YoY to Rs 571 crore, revenue drops 5%
Ambuja Cements saw an 11.5% drop in standalone profit to Rs 571 crore for the June quarter. Revenue decreased 4.5% to Rs 4,516 crore. Operating EBITDA fell to Rs 646 crore, and EBITDA margin dropped to 14.3%. Sales volume grew by 3%, and kiln fuel costs were reduced by 17%. CEO Ajay Kapur emphasized cost-cutting initiatives.
Tata Consumer Q1 Results: Cons PAT falls 8% YoY to Rs 290 crore; misses estimates
Revenue from operations in the reporting period rose 16% year-on-year to Rs 4,352 crore as against Rs 3,741 crore in the previous year period. The decline in profit was due to higher exceptional items and a reduced share of profits from associates and joint ventures. During the quarter, the India Beverages business saw a 6% increase in revenue (1% organic growth), despite being affected by an intense summer. In contrast, coffee maintained a strong performance, with a 28% revenue growth for the quarter.
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.
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