Adani Group’s debt-to-EBITDA down to 2.5x; cash balance at Rs 44,572 crore
The groups gross assets to net debt stood at 2.5 times as on September 30. The group saw record quarterly operating profit growth of 64% YoY, while the operating profit as of December-end stood at Rs 78,823 crore ($9.5 billion). Key Points
Economic Times16 smallcap stocks with over 100% growth in profit & sales. Watchlist these tiny tornadoes!
India Inc's December quarter earnings showed weakening profit momentum at an overall level but we filtered out a list of 16 smallcap companies which reported over 100% growth in sales and profit on a YoY basis. Waaree Renewable Technologies, Advait Infratech, Cressanda Railway Solutions, and Swelect Energy Systems were among the top performers. 14 out of 16 of these stocks have already given multibagger returns in last one year. Key Points
Economic TimesSAIL records sharp 22% decrease in net profit for October-December quarter
The state-owned company reported a 22% fall in its consolidated net profit, which stood at Rs 422.92 crore, compared to the net profit of Rs 542.18 crore recorded in the same quarter of the previous year. Key Points
Business TodayNestle Q4 results today: What to expect from the Maggi noodles maker?
Sequentially however, the earnings will be weak, with the net profit likely to drop by nearly 8%, weighed down by a 7% fall in revenue and 8.4% decline in operating profit. Key Points
Economic TimesV-Guard posts Q3 profit beat on sturdy demand across segments
V-Guard Industries, an electronic products maker, reported Q3 profit of 582.4 million rupees ($7 million), exceeding estimates. The company experience Key Points
Times Of India
Bajaj Finance shares plunge 5% on Q3 asset quality woes. Should you buy?
Shares of Bajaj Finance dropped nearly 5% on the NSE after reporting higher loan losses and provisions for the quarter. Macquarie reiterated 'Neutral' stance, while Jefferies and PhillipCapital gave 'Buy' ratings. Bajaj Finance's Q3 consolidated net profit grew 22% YoY to Rs 3,639 crore, slightly below expectations. Macquarie expects credit costs to increase as delinquencies normalize. Jefferies maintains 'Buy' rating with a target of Rs 9,400, citing strong AUM growth and better NIMs. Key Points
Economic TimesACC beats Q3 profit estimates on price hikes, strong demand
India Business News: ACC reported a higher-than-expected Q3 profit of 5.27 billion rupees ($63.4 million), driven by price hikes and strong demand for cement. The company' Key Points
Times Of IndiaQ3 Results Today: Bajaj Auto, Tata Steel, Tech Mahindra, DLF among 78 companies to announce earnings
The BSE will see seventy eight companies announcing their December quarter earnings, including Bajaj Auto, Tata Steel, and Tech Mahindra. Axis Bank reported a 4% YoY increase in net profit for the October-December quarter. Bajaj Auto is expected to have a 33.3% YoY rise in net profit, while Tech Mahindra may see a decline in revenue but a rise in net profit. Other companies announcing their Q3 results include Ujjivan Small Finance Bank, UCO Bank, TVS Motor Company, Railtel, and PNB Housing. Key Points
Economic TimesIndia's ICICI Bank posts record high profit in Q3
MUMBAI (Reuters) - India's ICICI Bank reported a record high profit for the fiscal third quarter on Saturday, helped by strong loan growth. The private bank reported a standalone net profit of 102.72 Key Points
ThePrintAtlantic City casino profits fall 7.5% in 3rd quarter of 2023
Atlantic City's casinos and online entities earned $281.2 million in Q3 2023, a 7.5% drop from the previous year. The decline was offset by the perfor Key Points
Times Of India
Kalyan Jewellers India's Q2 profit rises on strong domestic demand
Kalyan Jewellers India (KALN.NS) reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season. Key Points
ReutersKalyan Jewellers Q2 Results: Net profit rises 27% YoY on strong domestic demand
Kalyan Jewellers India reported a 27.1% rise in Q2 profit, driven by domestic demand and increased store traffic. Consolidated net profit for Kalyan Jewellers India rose to INR 1.35 billion ($16.23 million) in Q2, with revenue from India operations growing 32%. Key Points
mintAllianz retains full-year outlook despite 30% slump in Q3 profit
Germany's Allianz (ALVG.DE) on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintained its full-year profit outlook. Key Points
ReutersAbbott India's Q2 profit climbs on strong sales
Abbott India (ABOT.NS), the local unit of U.S. healthcare firm Abbott Laboratories (ABT.N), reported a 17.7% rise in second-quarter profit on Thursday, driven by strong sales in its mainstay pharmaceuticals segment. Key Points
ReutersCommerzbank Q3 net profit more than triples, beats expectations
Germany's Commerzbank (CBKG.DE) said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update. Key Points
Reuters
Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Key Points
ReutersCummins India posts 23% rise in Q2 profit on lower costs
Diesel and natural gas engine maker Cummins India (CUMM.NS) reported a 23% rise in second-quarter profit on Tuesday as lower expenses helped offset slowing engine demand. Key Points
ReutersIndia's Dilip Buildcon Q2 profit soars on steady infrastructure demand
India's Dilip Buildcon (DIBL.NS) reported a fourfold surge in second-quarter profit on Tuesday as the developer benefited from steady infrastructure demand in its urban and water supply business. Key Points
ReutersIndia's Apollo Tyres beats Q2 profit view on higher auto sales
Indian tyre maker Apollo Tyres Ltd. (APLO.NS) reported a better-than-expected second-quarter profit on Tuesday, boosted by higher auto sales and lower input costs. Key Points
ReutersZimmer Biomet beats quarterly profit estimates on knee procedure strength
Zimmer Biomet Holdings Inc (ZBH.N) on Tuesday beat Wall Street estimates for third-quarter profit, as a rebound in knee surgeries lifted demand for the medical device maker's products. Key Points
Reuters
India's Alembic Pharma Q2 profit roughly in-line with estimates
India's Alembic Pharmaceuticals (ALEM.NS) on Tuesday reported second-quarter profit roughly in line with estimates, as higher sales in its domestic and overseas markets offset a jump in expenses. Key Points
ReutersIndia's Arvind Fashions Q2 profit rises on healthy sales
India's Arvind Fashions (ARVF.NS) reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins. Key Points
ReutersIndia's Zydus Q2 profit jumps on strong domestic, US demand
Indian generic drugmaker Zydus Lifesciences Ltd (ZYDU.NS) reported a better-than-expected 53.3% jump in quarterly profit on Tuesday, led by the strong sales in the domestic market and the United States. Key Points
ReutersHoneywell Automation India's profit growth slows on higher expenses
BENGALURU (Reuters) - Engineering firm Honeywell Automation India on Monday reported a marginal 3.4% rise in second-quarter profit, as a rise in expenses outpaced revenue growth. profit at the Indian Key Points
ThePrintIndia's Tribhovandas Bhimji Zaveri posts higher Q2 profit as diamond outshines
Indian jeweller Tribhovandas Bhimji Zaveri (TBZL.NS) reported a near 65% rise in second-quarter profit on Monday, buoyed by lower expenses and strong diamond demand. Key Points
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India's Zydus Wellness profit drops on one-off deferred tax expense
Indian consumer good company Zydus Wellness (ZYDS.NS) reported a more than 30% drop in second-quarter net profit on Monday due to a one-off deferred tax expense. Key Points
ReutersCardinal lifts FY profit outlook again on strong sales of specialty drugs
Drug distributor Cardinal Health (CAH.N) on Friday raised its full-year earnings forecast for the second time in nearly three months, betting on strong demand for specialty medicines. Key Points
ReutersIndian airline IndiGo's operator posts Q2 profit
Airline IndiGo's operator Interglobe Aviation (INGL.NS) reported a second-quarter profit on Friday following steady demand for air travel, which offset a rise in expenses. Key Points
ReutersIndian tyremaker MRF posts quarterly profit in line with estimates
India's MRF (MRF.NS) reported quarterly profit broadly in line with expectations on Friday, as the tyremaker benefited from softer raw material prices and steady demand for commercial vehicles. Key Points
ReutersIndia's Orient Electric posts Q2 profit on one-time gain, steady demand
Appliances maker Orient Electric (ONTE.NS) on Friday reported a second-quarter profit, aided primarily by a one time gain from land sale and buoyed by steady demand for its consumer durables business. Key Points
Reuters
Motorola Solutions forecasts robust Q4 profit on recovering semiconductor market
Motorola Solutions (MSI.N) on Thursday forecast a current-quarter adjusted profit above estimates, as it sees gradual improvements in supply chain availability for procuring certain semiconductor components in a recovering post-pandemic market. Key Points
ReutersStryker tightens profit forecast on steady demand for its medical devices
Stryker Corp (SYK.N) on Thursday raised the lower end of its full-year profit forecast as the medtech company sees steady demand for its medical and surgical devices from a post-pandemic pick-up in volumes of surgical procedures at hospitals. Key Points
ReutersBio-Techne's quarterly profit misses estimates as biotech funding woes persist
Bio-Techne (TECH.O) missed Wall Street expectations for first-quarter profit on Tuesday, as a persisting funding crunch among its biotech clients weighed on demand for its diagnostic products and compounds used in developing drugs. Key Points
ReutersIndia's Reliance climbs on Q2 profit jump
Shares of India's most valuable company Reliance Industries (RELI.NS) rose as much as 2% on Monday after it reported a bigger second-quarter profit late on Friday. Key Points
ReutersReliance Industries second-quarter profit misses on fall in crude prices
India's most valuable company Reliance Industries (RELI.NS) reported a weaker-than-expected quarterly profit on Friday as a fall in crude prices hit revenue from fuel sales and hurt its mainstay oil-to-chemicals (O2C) business. Key Points
Reuters
Tyremaker Goodyear India posts 40% jump in Q2 profit on subdued input costs
Tyre manufacturer Goodyear India (GDYR.NS) reported a 40% rise in second-quarter profit on Friday as its raw material spends declined. Key Points
ReutersJapan's Nomura Q2 net profit doubles on solid domestic businesses
Nomura Holdings (8604.T), Japan's biggest brokerage and investment bank, on Friday reported second-quarter net profit doubled, driven by a surge in equity offerings in a strong domestic stock market. Key Points
ReutersColgate-Palmolive's Indian unit's Q2 profit rises on higher demand
Colgate-Palmolive (India) (COLG.NS) reported a 22% rise in the second-quarter profit on Thursday, aided by rising urban demand for high-priced toothpastes and signs of growth in rural consumption. Key Points
ReutersIndia's Coromandel International misses Q2 profit estimates on muted demand
Indian agricultural chemicals maker Coromandel International Ltd (CORF.NS) on Thursday marginally missed profit estimates, hurt by muted demand for fertilisers and nutrients. Key Points
ReutersIndia Inc's Q2 Report card: Early birds log strong profit growth
For a sample of 219 companies, aggregate net profit grew 29.8% year-on-year in the September quarter, the most in six quarters. Revenue rose at a four-quarter high of 18%. Revenue and net profit had grown 20.6% and 7.5%, respectively, in the year-ago quarter. Key Points
Economic Times
ICICI Bank posts stellar Q2 results: 35.7% YoY profit growth, 24% surge in Net Interest Income
The Mumbai-based bank's standalone profit surged to Rs 10,261 crore for the quarter, marking a substantial increase from the Rs 7,557.84 crore reported in the same period the previous year. Key Points
Business TodayIndia's Tata Coffee posts strong Q2 pre-tax profit on lower costs, higher prices
India's Tata Coffee (TACO.NS) on Thursday reported a near 63% rise in second-quarter profit, as lower costs and higher prices for its premium brands such as Gold and Eight o'clock coffee more than offset subdued sales. Key Points
ReutersJPMorgan profit jumps 35%, but CEO says geopolitics and gov't inaction have led to 'dangerous time'
JPMorgan Chase's third quarter profit increased by 35% due to rising interest rates. However, CEO Jamie Dimon warned of the current global economic instability, citing issues such as the Russia-Ukraine War, high government debt, inflation, and labor market strikes. Despite these concerns, JPMorgan reported a profit of $13.15 billion, beating analysts' forecasts. The bank's revenues also rose to $39.87 billion, primarily driven by higher interest rates. Key Points
Economic TimesCommerzbank shares up 11% after forecasts for bigger profit returns
Shares of Commerzbank (CBKG.DE) were up 11% midday on Friday after the German lender said it was revamping its payout policy for investors, aiming for a return of least 70% of profit for 2024. Key Points
ReutersIndia's Patanjali Foods Q1 profit slumps over 60% as high expenses dent margins
India's Patanjali Foods (PAFO.NS) on Friday reported a 63.6% drop in first-quarter profit as high costs dented margins. Key Points
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India's Apollo Tyres Q1 profit more than doubles on lower costs
India's Apollo Tyres (APLO.NS)reported a bigger-than-expected rise in quarterly profit on Thursday, boosted by lower rubber costs and strong domestic auto sales. Key Points
ReutersJockey India licensee posts 24% fall in Q1 profit on sluggish demand
Page Industries (PAGE.NS), which licenses innerwear and loungewear brand Jockey International's products in India, reported a nearly 24% fall in first-quarter profit on Thursday, as softer demand weighed. Key Points
ReutersIndia's Samvardhana Motherson misses Q1 profit view as higher costs weigh
India's auto components maker Samvardhana Motherson International (SAMD.NS) on Thursday reported a smaller-than-expected jump in first-quarter profit, as higher expenses offset performance at its modules and polymer products division. Key Points
ReutersIndia's Godrej Consumer Products misses Q1 profit view as costs bite
India's Godrej Consumer Products (GOCP.NS) reported a lower-than-expected quarterly profit on Monday, hurt by mounting costs. Key Points
ReutersWhirlpool's India unit posts fall in Q1 profit on soft demand
Home appliances maker Whirlpool of India Ltd (WHIR.NS) reported a 10.6% drop in first-quarter profit on Monday, impacted by softer demand. Key Points
Reuters
Dabur India reports 5.4% rise in Q1 profit on stronger demand
Consumer goods-maker Dabur India (DABU.NS) reported a rise in first-quarter profit on Thursday as easing inflation propped demand. Key Points
ReutersRising costs eat away KFC operator Sapphire Foods India's Q1 profit
Sapphire Foods India (SAPI.NS), the domestic operator of KFC and Pizza Hut restaurants, reported lower-than-expected first-quarter profit on Wednesday, as mounting costs outpaced a growth in revenue. Key Points
ReutersIndia's Godrej Agrovet posts higher Q1 profit as costs drop
India's Godrej Agrovet Ltd (GODE.NS)reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses. Key Points
ReutersIndia's Escorts Kubota posts 93% jump in Q1 profit on railway, construction demand boost
Indian tractor maker Escorts Kubota (ESCO.NS) reported an almost 93% jump in first-quarter profit on Tuesday, led by the increased demand for its construction and railway equipment. Key Points
ReutersIndia's Marico posts Q1 profit beat as lower costs offset sluggish demand
Indian consumer goods maker Marico (MRCO.NS) reported a bigger-than-expected rise in quarterly profit, as a drop in input costs helped overshadow a fall in revenue due to sluggish rural demand. Key Points
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Indian Oil Corp swings to Q1 profit on higher marketing margins
Indian Oil Corp Ltd (IOC) (IOC.NS) reported a first-quarter profit on Friday, as the country's top refiner benefited from higher fuel sales and marketing margins. Key Points
ReutersIndia's Coromandel International posts Q1 profit fall on weak demand
Indian agricultural chemicals maker Coromandel International Ltd (CORF.NS) reported a marginal drop in first-quarter profit on Thursday, hurt by slowing demand. Key Points
ReutersColgate-Palmolive's Indian unit reports Q1 profit rise on demand recovery
Toothpaste maker Colgate-Palmolive (India)'s (COLG.NS) quarterly profit rose 30.5% on Wednesday, aided by improved domestic demand. Key Points
ReutersIndia's Kajaria Ceramics beats Q1 profit estimates on stronger demand
India's top tilemaker Kajaria Ceramics (KAJR.NS) reported a better-than-expected first-quarter profit on Wednesday, as sustained demand for home fixtures offset higher costs. Key Points
ReutersAllegion raises profit forecast on price hikes, strong demand for security systems
Allegion (ALLE.N) raised its annual profit forecast on Wednesday after price increases and solid demand for its electric security devices helped it beat quarterly earnings estimates. Key Points
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India's SBI Life reports 45% rise in Q1 profit on higher premiums
India's SBI Life Insurance Co (SBIL.NS) reported a 45% surge in its first-quarter profit on Tuesday, aided by higher income from premiums. Key Points
ReutersIndia's Mahindra Holidays posts 99% slump in Q1 profit as Europe losses weigh
Mahindra Holidays and Resorts India (MAHH.NS) reported a 99% slump in first-quarter profit on Tuesday, hit by higher expenses and widening losses in Europe. Key Points
ReutersIndia's Reliance Industries misses profit estimates
Reliance Industries Ltd (RELI.NS), India's most valuable company, reported a wider-than-expected drop in first-quarter profit on Friday as its dominant oil-to-chemicals business was hurt by weak refining margins. Key Points
ReutersRoper Technologies raises 2023 profit forecast on increased software adoption
Industrial software maker Roper Technologies (ROP.O) raised its annual profit forecast on Friday on robust demand for software, as automation adoption grows across industries grappling with labor shortages. Key Points
ReutersUltraTech Cement Q1 Results: Net profit rises 6.6% on year to ₹1,688.45 crore
UltraTech Cement reports a 6.6% YoY rise in its Q1FY24 net profit to ₹1,688.45 crore, up 1.4% sequentially. Shares open at ₹8229.80 apiece on BSE. Key Points
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Indian shares set for flat start as US jobs data reignites rate fears
Indian shares are set to open little changed on Friday, on caution after data from the U.S. reignited concerns of a prolonged high-interest regime, while investors awaited key domestic earnings. Key Points
ReutersUnilever's India arm misses Q1 profit view on higher expenses
India's Hindustan Unilever (HLL.NS) reported a smaller-than-expected increase in quarterly profit on Thursday as the consumer goods major grappled with higher costs and tepid demand for branded tea. Key Points
ReutersPolycab India's Q1 profit soars 82% on strong wires and cables business
Polycab India (POLC.NS) posted an 82% surge in first-quarter profit on Tuesday, helped by higher sales in its mainstay wires and cables business. Key Points
ReutersIndia's LTIMindtree misses Q1 profit view as clients cut spending
India's LTIMindtree (LTIM.NS) reported a lower-than-expected first-quarter profit on Monday as some of its clients cut spending due to a challenging macroeconomic environment, while higher employee-related expenses ate into margins. Key Points
ReutersQ1 earnings: 26 companies that may report over 100% jump in profit
Domestic brokerage Motilal expects Nifty earnings to grow 25% YoY in Q1. Oil and gas sector may report a 3x surge in profit YoY underpinned by the improvement in marketing margins of OMCs. Auto sectors earnings may surge 11x YoY during the quarter on a low base. Key Points
Economic Times
BEML logs 18% rise in Q4 profit as expenses dip
Net profit margin for the quarter expanded to 11.36% from 7.92% for the same quarter in the previous year. Key Points
FinancialexpressDifference between Gross, Operating & Net profit and how they differ from NOPAT, EBITDA; check here
Difference Between NOPAT vs EBITDA: For those without a source of capital or investors, profit perhaps is the only way to capitalise the business. Moreover, it also incentivises the management or promoter for a larger risk appetite and expansion. Key Points
FinancialexpressHCC reports net profit of ₹189.84 crore in Q4FY23, revenue up by 6%
HCC Q4FY23 Results: The company's consolidated net profit (profit for the period attributable to owners of the parent) for the fiscal's fourth quarter ended March (Q4FY23) stood at ₹189.84 crore. Key Points
mintSony expects profit to slip after record year
Sony expects operating profit in the year to March 31 to fall 3.2% to 1.17 trillion yen. Key Points
The Indian ExpressSpiceJet Q3 Results: Reports profit After Three Quarters On Other Income
SpiceJet's Q3 net profit rose 160% year-on-year to Rs 110.5 crore in the quarter ended December, according to its exchange filing. Key Points
BQ Prime
New businesses and their strange new rules: What should an investor do
Now, we have created a business and investment environment where companies that have never made a profit and appear incapable of doing so are bloated and inefficient. Their solution is to change accounting rules. Key Points
Economic TimesQ4 Results: 23 companies whose profit may more than double
Kotak Institutional Equities expects banks under its coverage to report a 45% year-on-year (YoY) earnings growth while its forecast for IT services' quarter-on-quarter (QoQ) revenue growth ranges from a decline of 2.1% to a growth of 2.3% across its coverage universe. Key Points
Economic TimesHUL Q3 result: Net profit rises by 1 per cent, revenue falls below expectations
It recorded a 0.6 per cent increase in profit, reaching 25.19 billion rupees ($303.30 million) for the quarter ending on December 31. Key Points
India Today‘Momentous and special’, says OYO CEO as firm sets sight on first-ever profit
Oravel Stays, the parent company of OYO, is set to report its first-ever profit in the second quarter of FY24. Here's what CEO and founder Ritesh Agarwal told the top management ahead of the milestone. Key Points
India TodayManappuram posts 58% jump in Q4FY23 profit on healthy gold loan, micro-finance businesses
Manappuram Finance's consolidated net profit rose to 4.13 billion rupees ($50.50 million) in the January to March quarter, from 2.61 billion rupees a year ago. Key Points
Financialexpress
Siemens net profit jumps 62 per cent to Rs 516 crore in March quarter
"Profit after Tax (consolidated net profit) from continuing operations was at Rs 516 crore, an increase of 61.9 per cent over the same period (January to March 2022) last year," a company statement said. Key Points
FinancialexpressToyota Motor Corp’s Q4 profit leaps 35%, beats estimates; shares jump
Toyota said operating profit for the three months through March totalled 626.9 billion yen ($4.64 billion), easily beating the average 553.46 billion yen profit estimated by 10 analysts, according to Refinitiv data. Key Points
The Indian ExpressIndia's Dalmia Bharat Sugar posts six fold rise in Q2 profit
India's Dalmia Bharat Sugar and Industries Ltd (DLMI.NS) on Monday said its September quarter profit rose more than six fold, aided by strong demand and higher domestic prices. Key Points
ReutersBBVA's Q3 net profit rises 13% boosted by Spain and Mexico
Spain's BBVA (BBVA.MC) on Tuesday posted a 13% rise in third-quarter net profit rose 13% buoyed by higher lending income in its main markets, Spain and Mexico. Key Points
Reuters