STATE BANK OF INDIA Q2 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.
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.
Ashok Leyland shares in focus after securing order worth Rs 346 crore from Tamil Nadu State Transport Corporation
Ashok Leyland shares will be in focus after securing an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis, valued at approximately Rs 345.58 crore. The delivery will occur between December 2024 and May 2025, with the contract following standard business terms and no adverse conditions, the company confirmed.
Key Indian minister confident India will remain the champion
India's Commerce Minister Piyush Goyal expressed confidence in the country's economic recovery, projecting it to remain the fastest-growing major economy despite a recent slowdown. While acknowledging challenges like slowing consumption and inflation, Goyal highlighted positive indicators such as festive spending and rural growth, emphasizing the government's commitment to structural reforms and technological advancement for long-term growth.
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.
Analysts rush to pare India's forecast after growth shocker
India's growth slowed sharply to 5.4% in the July-September quarter, the lowest in seven quarters, prompting economists to lower their growth forecasts for the country. This growth rate was well below both consensus estimates and the Reserve Bank of India's 7% projection. Major analysts, including Goldman Sachs and Barclays, revised their full-year growth estimates, with Goldman cutting its forecast to 6% from 6.4%.
- Go To Page 1
India's GDP expected to fall below 6.5 pc in FY25 amid slowdown in GDP growth in second quarter: SBI
India's GDP is likely to drop below 6.5 per cent in FY25, with Q2 growth slowing to 5.4 per cent. The manufacturing sector faced significant declines, impacting overall economic performance. Despite resilience in services and agriculture sectors, industrial sluggishness pulled down growth. GVA growth stood at 5.6 per cent, marking challenges ahead for the economy.
SBI, Tata Motors among Motilal Oswal's top winners & losers post a dull Q2 earnings season
Motilal Oswal Financial Services highlighted both winners and laggards in a subdued Q2 for corporate India. SBI and L&T led the gainers, demonstrating resilience and growth, while Tata Motors and Asian Paints faced challenges. Nifty-50 earnings saw modest growth, prompting Motilal Oswal to lower FY25 EPS estimates but anticipate a 2HFY25 recovery driven by increased consumer and government spending.
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%.
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.
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.
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.
India's pharma sector registers strong Q2 FY25 growth, driven by North America market: Report
The major pharmaceutical companies of the country reported a 10 per cent year-on-year (YoY) growth in the second quarter of FY25, largely driven by strong performance in North America and the domestic market, according to a report by Axis Securities.
Top picks post Q2 results: ICICI Bank, ONGC could give 30-60% return in 1 year
Indian corporate earnings for the second quarter of FY25 showed weaker-than-expected results, with single-digit growth for the second consecutive quarter. While sectors like BFSI and Technology performed well, the overall market was dragged down by weakness in commodities, particularly O&G.
Q2 results today: Grasim, Hero MotoCorp among 1203 companies to announce earnings on Thursday
Get ready for a busy day in the Indian stock market. Over 1200 companies will reveal their financial performance for the July-September quarter. Keep an eye on major players like Hero MotoCorp and Grasim Industries. Analysts predict growth for both companies, driven by higher sales and improved profitability.
Hyundai India Q2 Results: Cons PAT falls 16% YoY to Rs 1,375 crore, revenue down 7%
Hyundai India Q2 Results: Revenue from operations in the reporting period, too, fell 7% year-on-year (YoY) to Rs 17,260 crore. The stock is trading 2.50% lower. The company reported an EBITDA of Rs 2,205 crore in Q2, a 10% drop from Rs 2,440 crore in the same quarter last year. Margins also decreased by 30 basis points year-over-year, reaching 12.8% for the period. Hyundai India cited weak market sentiment and geopolitical factors as reasons for the decline in PAT.
SBI shares rise as Q2 earnings beat estimates. Should you buy, sell, or hold?
State Bank of India (SBI) exceeded profit forecasts, posting a 28% surge to reach Rs 18,331 crore. This robust performance, driven by a 5% rise in net interest income, prompted several analysts to maintain positive ratings on the stock, with some raising target prices due to healthy loan growth and strong asset quality.
Action Construction Equipment Q2 Results: PAT grows 28% YoY to Rs 95 crore
Action Construction Equipment saw a profit jump of 28% in the recent quarter. The company's income also increased, reaching Rs 790.90 crore. Sales of cranes and construction equipment were strong. The company sold 2,863 units, a 9% increase from the previous year. Action Construction Equipment is positive about future growth opportunities.
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.
Q2 results today: SBI, Tata Motors among 152 companies to announce earnings on Friday
Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release their July-September 2024 quarter results today. SBI is predicted to show single-digit growth in net interest income, while Tata Motors is expected to see a 30% rise in net profit despite muted revenue growth.
NSE Q2 Results: Profit jumps 57% YoY to Rs 3,137 crore, revenue rises 24%
India's largest bourse National Stock Exchange (NSE), which is gearing up for its IPO next year, on Monday announced that its Q2 consolidated profit after tax jumped 57% year-on-year (YoY) to Rs 3,137 crore due to an 8% drop in expenses.
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%.
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.
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.
ICICI Bank Q2 Results Preview: NII may jump by 11% YoY amid healthy momentum in loan book
The net profit for the quarter is expected to range between Rs 10,930 crore and Rs 11,437 crore, reflecting a 7-11.5% increase. JM Financial is optimistic about revenue and PAT, while Nomura offers the most conservative PAT estimates, and Kotak Institutional Equities projects the lowest revenue figures.
Union Bank shares in focus as lender reports 34% YoY jump in Q2 profit
Union Bank of India reported a 34% increase in net profit for Q2 2024, reaching Rs 4,720 crore, with total income rising to Rs 32,036 crore. Interest income grew to Rs 26,708 crore, though net interest income fell slightly. The bank improved asset quality, reducing gross NPAs to 4.36%. Total business increased by 9.37%, reaching Rs 21,70,779 crore.
Central Bank of India Q2 Results: Profit surges 51% YoY to Rs 913 crore
Central Bank of India Q2 Results: Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.
Load More
