SHRIRAM PROPERTIES LTD Q1 RESULTS
Shriram Finance shares slide nearly 3% after Q3 results. Should you invest?
Shriram Finance shares fell 2.6% despite a 73% rise in Q3 net profit to Rs 3,249 crore. Total income increased to Rs 10,705 crore, with asset quality improving. HSBC and Jefferies maintain 'Buy' ratings, though both revise target prices slightly lower due to higher costs and balance sheet liquidity.
Shriram Finance Q3 Results: Profit shoots up 73% to Rs 3,249 crore; declares interim dividend
Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Friday, reported a 73 per cent surge in consolidated net profit to Rs 3,249 crore for the third quarter ended December 2024.
Mindspace REIT Q3 Results: Net operating income rises 8% YoY to Rs 522 crore
Realty firm Mindspace Business Parks REIT on Friday reported an 8 per cent increase in its net operating income (NOI) to Rs 521.8 crore for the quarter ended December 2024. Its net operating income stood at Rs 473.1 crore in the year-ago period.
Jio Financial shares slip 3% after Q3 PAT remains flat at Rs 295 crore
Shares of Jio Financial Services dropped 2.8% to Rs 271.25 on BSE after reporting a flat YoY net profit of Rs 295 crore for Q3FY25. The company's revenue increased by 6% from the same quarter last year but experienced a 57% QoQ drop in net profit.
Jio Financial Q3 Results: PAT remains flat YoY at Rs 295 crore, revenue rises 6%
Jio Financial Q3 Results: The Mukesh Ambani-led company reported a total revenue of Rs 438 crore in Q3FY25, marking a 6% increase from Rs 414 crore in the same quarter last year. Net profit dropped 57% QoQ compared to Rs 689 crore in Q2FY25, driven by a 37% sequential revenue decline. Revenue for the July-September quarter was Rs 693 crore.
Surge in tariff, users and data lifts Jio net up 26%
The rate hikes partly helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to ₹203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea, said analysts.
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Jio Platforms reports 26% net profit growth in Q3 driven by tariff hikes and subscriber increases
Jio Platforms Ltd reported a 25.95% rise in net profit for the third quarter, driven by tariff hikes, new subscriber additions, and strong data usage growth. The full impact of the price hikes is expected to be realized by Q4 FY25 and Q1 FY26. Consolidated net profit increased to Rs 6861 crore from Rs 5447 crore in the previous year.
Manappuram Finance shares rally over 5% after RBI lifts restrictions on Asirvad Micro Finance
Manappuram Finance Share Price: Morgan Stanley highlighted that the RBI has lifted restrictions on Asirvad Micro Finance with immediate effect. Morgan Stanley has factored in approximately 10% provisions for the MFI loan book for FY25-27 due to the previous embargo. The valuation assigned to Asirvad MFI in the sum-of-the-parts (SOTP) valuation has now been removed.
Tata Motors shares jump 2% after Jaguar Land Rover Q3 performance: Wholesales up 3%, retails dip 3%
Significant gains were seen in JLR’s flagship models, with the Range Rover up by 22%, Range Rover Sport up by 17%, and Defender up by 13% year-on-year. These high-margin models made up 70% of the total wholesale volumes.
Shriram Finance 1:5 stock split record date tomorrow: Last chance to buy
Investors have until today to purchase Shriram Finance shares to participate in the upcoming stock split scheduled for January 10. The company plans to split each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The split aims to enhance stock liquidity and accessibility to retail investors.
TCS Q3 results, FII action among 8 factors that could keep D-Street on toes this week
Nifty is expected to see movement due to various factors when markets reopen. These include Q3FY25 earnings reports, US market trends, FII/DII actions, and technical factors. IPOs and corporate actions will also influence the market. Changes in the Rupee vs Dollar and crude oil prices are critical as well. Traders should keep an eye on these elements.
Cholamandalam projects stronger Q3 disbursements despite tepid festive sales
Disbursements will accelerate a bit more in Q4. It will be around this number. AUM growth would be in the range of around 25% is what we are right now targeting.
India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top
India's top 26 listed real estate companies recorded nearly Rs 35,000 crore in property sales during the September quarter, fueled largely by residential sales. Godrej Properties led the pack with Rs 5,198 crore in sales bookings, followed by Macrotech Developers and Max Estates.
Shriram Properties shares zoom 7% on signing agreement for 6-acre land in Pune
Shriram Properties' shares jumped 6.8% as the company signed a Joint Development Agreement for 6 acres of prime land in Pune. The planned mixed-use development will feature 650+ apartments and retail spaces, targeting a launch in H2-FY25, with potential revenue of Rs 700-750 crores.
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.
Shriram Finance Q2 Results: Net profit jumps 18% to Rs 2,071 crore; Rs 22 per share dividend declared
Shriram Finance Q2 Results: Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3% at Rs 2,071.26 crores as against Rs 1,750.84 crores recorded in the same period of the previous year.
Stocks in news: Coal India, JSW Steel, ITC, IndiGo, Shriram Properties
Diversified conglomerate ITC Ltd reported net profit of Rs 4,993 crore in the quarter ended September 2024. This is a jump of 2% from Rs 4898 crore reported in the previous year quarter.
Godrej Properties Q2 Results: Consolidated net profit up 402% to Rs 335 crore
Realty developer Godrej Properties has reported consolidated net profit of Rs 335 crore for the quarter ended September, up 402% from a year ago. Total income for the quarter grew 135% to Rs 1,343 crore, while operating profit rose 69% to Rs 282 crore.
Godrej Properties Q2 Results: Net profit zooms 402% YoY, total income grows 135%
Godrej Properties achieves a 402% YoY surge in net profit to Rs 335 crore for Q2 FY25, with total income rising 135% YoY to Rs 1,343 crore. The company records highest-ever Q2 and H1 bookings, collections, and operational cash flow, and adds 10 new projects in FY25.
Hyundai listing, Q2 results among 8 factors to drive stock market this week
Nifty declined 0.44% this week, influenced by auto, metal, and IT stocks. Key upcoming factors include FII flows, IPO activity, Q2 results, and global market trends
Ahead of Market: 10 things that will decide stock action on Friday
Indian indices fell for a third consecutive session, dragged by Bajaj Auto's weak festive sales warning and concerns over high valuations and foreign fund outflows. Sensex fell 495 points, and Nifty declined 221 points. Analyst Rupak De of LKP Securities said that the Nifty has found initial support in the 24,700–24,750 zone. A fall below 24,700 could lead to a significant correction in the market.
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.
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:
Godrej Properties Q1 Results: Cons PAT skyrockets 316% YoY, revenues decline 21%
Godrej Properties Q1 Results: The company reported revenue from operations of Rs 739 crore for the first quarter, compared to Rs 936.09 crore in the same quarter of the previous year. Despite this, the company's total income increased by 25% year-on-year to Rs 1,638 crore. Additionally, EBITDA for the fourth quarter surged by 237%, reaching Rs 774 crore, up from Rs 230 crore in the same period last year.
Shriram Finance Q1 Results: Cons PAT jumps 19% YoY to Rs 2,023 crore, meets estimates
The company had reported a net profit of Rs 1,705 crore in the year-ago period. The earnings were announced during the market hours and the stock jumped nearly 5% on the BSE to hit the day's high of Rs 2,802.
Go Digit shares rally 8% after PAT jumps 74% in June quarter
Shares of Go Digit General Insurance rallied 8% on Friday to a day's high of Rs 362.25 on the BSE after the company reported a 74% increase in net profit for the quarter ended June 30, 2024, reaching Rs 101 crore, up from Rs 58 crore in the same period last year.
Q1 results today: IndiGo, IndusInd among 69 companies to announce earnings on Friday
Companies like Aarti Drugs, Amber Enterprises, Bandhan Bank, Cholamandalam Investment, City Union Bank, ESAF SFB, Equitas SFB, Mangalam Organics, Piramal Pharma, TTK Prestige among others will also declare their results.
Q1 results today: HUL, Bajaj Finance among 34 companies to announce earnings on Tuesday
Q1 Results Today: HUL, Bajaj Finance, ICICI Sec, and ICICI Pru Life will release Q1 results. HUL's profit is estimated at Rs 2,479-2,562 crore, revenue Rs 14,925-15,451 crore. Bajaj Finance expects 26% net interest growth, 30% AUM rise. EBITDA to grow 0.4% YoY. Parag Milk Foods, Gard Furnace, Thyrocare Technologies to report, Bajaj Finance's March profit was Rs 3,824 crore.
Jio Financial Services Q1 Results: Net profit falls 6% YoY to Rs 313 crore
Interest income fell 20% to Rs 162 crore in June 2024 from Rs 202 crore a year ago while expenses increased to Rs 79 crore from Rs 54 crore a year ago, mainly as staff expenses increased more than three time to Rs 39 crore in June 2024.
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