Mahindra and Mahindra is expected to report healthy growth in its revenues for the first quarter ended June 2024, driven by tractor and automotive segments. Meanwhile, profits are likely to be muted. Revenue from operations may increase 16% year-on-year, according to an average estimate of four brokerages, while net profit is likely to be flat … Read more
Adani Group’s cement unit ACC on Monday reported that its June quarter consolidated profit fell 22.5% year-on-year (YoY) to Rs 361.40 crore while the revenue fell 1% YoY to Rs 5,155 crore. Kiln fuel cost improved from Rs 2.14 per ‘000 kCal to Rs. 1.73 per ‘000 kCal with change of fuel basket and higher … Read more
The first quarter earnings season is underway and as many as 95 companies will announce their quarterly numbers on Monday. Key results to watch out include that of Adani Total Gas, HPCL, Adani Wilmar and ACC. Apart from the above, companies like Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun … Read more
Will Nifty cross 25,000 this week? Fed meeting & 5 other factors to watch out for Driven by positive US GDP data, expectations of improved global demand and unflinching faith of domestic investors, the stock market has recovered all its post-Budget losses to leave many market veterans surprised. Given Friday’s momentum, Sensex looks poised to … Read more
Power Grid on Friday reported a standalone net profit of Rs 3,412 crore in the first quarter ended June 2024. This is a fall of 4% from Rs 3,542 crore posted in the same quarter last year. Revenue from operations during the same period declined 2% year-on-year to Rs 10,068 crore as against Rs 10245 … Read more
Shenu Agarwal, MD & CEO, Ashok Leyland, says they have three or four highly significant subsidiaries with great potential for value creation. First, there is Hinduja Leyland Finance which is going public. Additionally, Hinduja Housing Finance, a wholly-owned subsidiary of Hinduja Leyland Finance, is also performing well and has significant potential for value creation in … Read more
India’s largest airline by market share, InterGlobe Aviation is expected to report a sharp decline in its year-on-year net profit for the three-month period ended June 30, 2024. The profit after tax (PAT) is seen in the range between Rs 2,135 crore – Rs 2,430 crore for April-June according to estimates by a couple of … Read more
Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024. Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year. The company’s … Read more
One 97 Communications which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June 2024 according to estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 … Read more
The first quarter earnings season is underway and about 24 companies will announce their results on Tuesday. Some key earnings to watch out for include Bajaj Auto, L&T Finance, Just Dial, and DB Corp among others. Apart from the above, investors can also keep an eye on the earnings of Century Textiles, BMW Industries, Deccan … Read more
