RELIANCE POWER LTD Q4 RESULTS
Transformation which is slow but stable – and long-lasting: 6 stocks from the energy space which can give over 46% return in 1 year
The structural transformation in the auto sector is much talked about and given credit by the street. The energy sector as a whole has also been undergoing a transformation, but quietly. Without much fanfare, the large companies in the energy space, whether in oil marketing or refining or any other, have been forming joint ventures or subsidiaries to get into New Energy areas. Did you know that a PSU company kicked off its hydrogen initiatives six months ago? The annual reports of the last few years of each of the energy sector companies provide clues about how they are working on changing the mix of sales to stay relevant.
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.
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.
Accenture Q1 Results: Co posts $17.7 billion in revenue, beats estimates
Accenture surpassed first-quarter revenue expectations, driven by increased demand for AI integration services. New bookings reached $18.7 billion, exceeding the previous year's figure. Revenue hit $17.7 billion, outperforming analyst projections. The company raised its annual revenue growth forecast to 4%-7%.
HDFC Bank’s m-cap surpasses Rs 14 lakh crore for the first time after stock hits record high
HDFC Bank Share Price: HDFC Bank's market capitalization reached Rs 14 lakh crore for the first time on Thursday after its stock hit a fresh record high of Rs 1,836.05 on the BSE. The market cap peaked at Rs 14,00,710 crore before slipping amid profit-taking in the broader markets. At 11:17 am, shares were trading at Rs 1,808.40, down 0.14%.
Siemens Q4 Results: Net profit zooms 45% to Rs 775 crore
Nov 26 (PT) Siemens on Tuesday posted a 45 per cent jump in its net profit to Rs 775 crore in the July-September quarter compared to the year-ago period on higher revenues. The company had reported a net profit of Rs 534 crore in the quarter ended on September 2023, a company statement said.
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Grasim Industries Q2 Results: PAT falls 66% YoY to Rs 390 crore, revenue rises 11%
Grasim Industries Q2 Results FY25: Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1164 crore in the last year quarter.
Hero MotoCorp Q2 Results: Standalone profit rises 14% YoY to Rs 1,204 crore, revenue up 11%
India's leading two-wheeler maker Hero MotoCorp on Thursday reported 14% growth in its standalone net profit at Rs 1,204 crore in the second quarter. It was Rs 1054 crore in the year-ago quarter.
Nalco Q2 Results: Profit rises multi-fold to Rs 1,046 crore; Rs 4 per share dividend announced
Nalco's consolidated profit surged to ₹1,045.97 crore in the September quarter, a five-fold increase year-on-year, driven by higher revenue from operations, which reached ₹4,001.48 crore. The company's board has announced an interim dividend of ₹4 per share for the current financial year.
PFC shares jump 7% post Q2 results; Brokerages maintain bullish outlook
PFC Share Price: Power Finance Corporation shares rose 9% after reporting a 9% increase in Q2 profit, driven by higher revenues and loan growth. Brokerages Bernstein and CLSA maintain 'Outperform' ratings.
NHPC Q2 results: PAT falls 41% YoY to Rs 909 crore, revenue up 4%
NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
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.
Power Grid Q2 Results: Net profit flat YoY at Rs 3,793 crore; Rs 4.50 per share dividend announced
Power Grid reported a flat net profit of Rs 3,793 crore in Q2FY25. Revenue from operations was also flat at Rs 11,278 crore. The board approved an interim dividend of Rs 4.50 per share. The company has also approved the sale of a 26% stake in four associate companies to PowerGrid Infrastructure Investment Trust (PGInvIT).
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.
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.
Adani Ports in focus ahead of Q2 results today. Here’s what to expect
Adani Ports Share Price: Adani Ports & Special Economic Zone is expected to report a 6%-10% increase in Q2FY25 revenue and a 19%-39% rise in net profit year-on-year. Kotak estimates a 10% YoY revenue growth to Rs 7,311 crore and PAT of Rs 2,400 crore. EBITDA is projected at Rs 4,277 crore, a 10% YoY increase.
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.
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.
DLF shares rally 8% after reporting 122% YoY jump in Q2 PAT. Should you invest?
Revenue from operations for the reported quarter reached Rs 1,975 crore, marking a 46% increase from Rs 1,348 crore in the same period last year. Sequentially, net profit rose 114% in the quarter, compared to Rs 646 crore in the previous quarter.
Q2 results today: Airtel, Sun Pharma among 173 companies to announce earnings on Monday
Today, 173 companies will disclose their Q2 earnings, including Airtel, Sun Pharma, and Adani Power. Bharti Airtel is anticipated to post robust performance with significant net profit growth, while Sun Pharma is expected to see healthy revenue growth driven by its domestic operations and specialty sales in the US market.
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.
Adani Green shares in focus ahead of Q2 results today
Adani Green share Price: Adani Green's Q2 results are in focus with notable YoY operational capacity growth of 34% to 11,184 MW. Energy sale increased 20% YoY to 14,128 mn units supported by capacity additions. Significant agreements include a 5 GW solar supply to MSEDCL and a 61 MW agreement with Google.
$10 billion sale! FII selling breaks all records. Is it just about China?
Foreign institutional investors have withdrawn nearly $10 billion from the Indian stock market in October, marking a record high. Contributing to this sell-off are concerns over China's economic stimuli, overvaluation of Indian equities, a tepid corporate earnings season, and a stronger dollar impacting emerging markets.
Reliance Jio Q2 Results: Profit jumps 23% YoY to Rs 6,539 crore, revenue up 18%; ARPU rises 7% to Rs 195.1
Reliance Jio Q2 Results 2024: Reliance Jio Infocomm on Monday reported a 23.4% jump in its September quarter consolidated net profit at Rs 6,539 crore versus Rs 5,299 crore reported by the company in the year ago period. The revenue from operations stood at Rs 31,709 crore, higher by 18% over Rs 26,875 posted by the company in the corresponding quarter of the previous financial year.
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.
RIL Q2 Results: Net profit falls 5% YoY to Rs 16,563 crore, but beats estimates
Reliance Industries Q2 Results: The company exceeded profit forecasts in the second quarter, despite a marginal 0.2% YoY revenue growth to Rs 2.35 lakh crore and a 2% decline in EBITDA. The company's profit beat the ET Now poll estimate of Rs 15,716 crore, signalling strength despite the slight dip in revenue and EBITDA. EBITDA margins also decreased by 50 basis points to 17%.
RIL Q2 Preview: PAT may fall 10% YoY; weak O2C seen hurting operational performance
Reliance Industries is expected to report muted earnings for the second quarter due to weakness in the oil-to-chemicals segment. Net profit is projected to fall by 10% year-on-year, while sales might marginally decline. Strong performance in consumer businesses and the ONG segment could offset the weak O2C performance.
Motilal cuts Nifty EPS estimates by 4%, picks 20 stocks ahead of Q2 results
Motilal Oswal has downgraded FY25 Nifty EPS estimates by 4% to Rs 1,072, citing reduced forecasts for metals and O&G. Despite this, sectors like BFSI, healthcare, and utilities are expected to drive earnings growth. Top picks include ICICI Bank, HDFC Bank, and Bharti Airtel.
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.
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