RTCL LTD Q4 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.
Accenture quarterly numbers point to strong GenAI prospects
Accenture's latest earnings boost Indian IT sector outlook. GenAI bookings hit a record high. North American demand shows signs of recovery. The company raised its FY25 growth forecast. Indian IT firms expect strong Q3 results and a robust FY26. Accenture's hiring continues to grow, mostly in India.
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.
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.
Nitco shares zoom 5% after bagging Rs 105 crore order from Prestige Estates
Nitco's shares jumped 5% after landing a Rs 105.4 crore tile and marble supply order from Prestige Estates. With another Rs 104 crore in anticipated orders, the company sees growth despite reporting a wider net loss in Q2 FY25. The stock's bullish indicators contrast with its trading below key moving averages, showcasing its volatile performance.
Vedanta shares jump over 1% as board to decide on fourth interim dividend today
Vedanta's board is scheduled to meet on December 16, 2024, to discuss a potential fourth interim dividend for FY2024-25. The record date is set for December 24. This follows three previous interim dividends, totaling Rs 35 per share. The company's shares have doubled in value this year, despite a 4% year-on-year decline in Q2 FY25 revenue.
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RITES shares rally over 4% after securing Rs 148.25 crore order from IIM Raipur
RITES shares rose 4.4% after securing a Rs 148.25 crore order from IIM Raipur for campus development. Despite lower Q2 profits, the company has seen over 18% gains this year.
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.
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.
Red alert! 72 companies flip to loss in Q2. Are your stocks also on this list?
India's Q2 2024 earnings season disappointed. Many profit-making companies reported losses. Nifty earnings grew at the slowest pace since June 2020. Analysts point to a slowdown in several sectors. However, experts predict a recovery in the second half of the fiscal year. Increased government spending and strong festival demand are expected to boost growth.
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.
HAL shares rally 4% after Q2 PAT jumps 22% YoY to Rs 1,510 crore
Hindustan Aeronautics (HAL) shares rose 4% after the company announced a 22% increase in net profit for the quarter ending September 30, 2024. The company's net profit reached Rs 1,510 crore, up from Rs 1,237 crore in the same period last year. Revenue from operations also grew by 6% to Rs 5,976 crore.
Medanta Q2 Results: Co reports 4.5% jump in net profit to Rs 130.8 crore
Global Health (Medanta) witnessed a 4.5% rise in net profit, reaching Rs. 130.8 crore in Q2FY25, driven by revenue growth from existing and new hospitals, coupled with increased patient numbers. Their revenue climbed 12.7% YoY, hitting Rs 975 crore, with EBITDA at Rs 247 crore, marking a 5.5% YoY increase.
Disney Q4 Results: Adjusted profit tops estimates on strong results from entertainment unit, streaming
Disney's fourth-quarter adjusted profit beat Wall Street's expectations, bolstered by strong results from company's entertainment business and its streaming service.
Shree Cement shares fall 4% after Q2 results disappoint. Should you invest?
Shree Cement’s shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
NMDC shares slip 4% even as co announces 2:1 bonus issue, reports 23% YoY jump in PAT
NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.
LIC Q2 Results: Profit slips 4% YoY to Rs 7,621 crore
LIC Q2 Results: Net premium income during the reporting quarter increased 11% year-on-year (YoY) to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the same quarter last year.
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.
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%.
Raymond shares rise 4.5% post Q2 earnings
Raymond's shares climbed 4.5% despite a 63% drop in Q2 profit, driven by strong revenue growth in real estate and engineering. Real estate revenue surged 135% and engineering revenue jumped 121%. The company highlighted project execution and strong domestic demand as key growth drivers.
IRCTC Q2 Results: PAT rises 4% YoY to Rs 308 cr; co declares dividend of Rs 4/share
The company reported consolidated revenue from operations of Rs 1,064 crore for the reporting period, a 7% increase from Rs 992 crore in the same period last year. The board has announced an interim dividend of Rs 4 per share with a face value of Rs 2 each for FY25. November 14 has been set as the record date to determine shareholder eligibility for the dividend distribution.
Canara Bank Q2 Results: Net profit rises 11% YoY to Rs 4,014 crore on lower provisions
Lower provisions helped Canara Bank report a 11.3% year-on-year rise in net profit for the September quarter at Rs 4,014 crore, while pre-provision operating profit remained almost flat on a slim rise in net interest income.
Canara Bank Q2 Results: Net profit jumps 11% YoY to Rs 4,015 crore
Canara Bank Q2 Results FY25: Canara Bank reported an 11% rise in net profit for the September quarter to Rs 4,015 crore. Interest earned and expended both increased. Global business grew by 9.42%.
Bharti Airtel falls 3% despite strong Q2 results. What's D-Street looking for?
Airtel Share Price: Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit was bolstered by strong ARPU growth and subscriber additions, but a Rs 318 crore exceptional loss contributed to the miss in estimates.
Indian Oil Q2 Results: PAT plummets 99% YoY to Rs 180 crore; revenue falls 4%
Indian Oil Q2 Results: Revenue from operations declined 4% year-on-year (YoY) to Rs 1.95 lakh crore in the reporting quarter, down from Rs 2.02 lakh crore a year ago.
PNB Q2 Results: Net profit zooms 145% YoY to Rs 4,303 crore
PNB Q2 Results FY25: The lender earned interest income of Rs 29,875 crore in the reported quarter, reflecting a 13% increase from Rs 26,355 crore in the corresponding quarter of the previous financial year.
Paytm shares tumble over 4% ahead of Q2 results today
Paytm Share Price: One97 Communications shares fell 4% ahead of its quarterly results announcement. Analysts forecast a YoY revenue increase of up to 16%, but expect losses to widen to Rs 660 crore.
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