RELIANCE POWER LTD Q1 RESULTS
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%.
Slower, but bigger and more stable: 6 energy stocks which can give more than 26% returns in 1 year
The structural transformation in the auto sector is much talked about – and given credit by the street. Another sector that has been undergoing a structural transformation – though quietly – is the energy sector. Few have noticed, but the large companies in the energy space – whether in oil marketing, refining, or any other – have been forming joint ventures or floating subsidiaries to get into New Energy areas. This transition is much bigger than in the auto space – but a bit too slow to excite the street. Investors, however, better wake up to the development: It will be a more sustainable change, on much bigger balance sheets, and a longer runway of growth.
Grasim Industries Q2 Results: PAT falls 66% YoY to Rs 390 crore, revenue rises 11%
Grasim Industries Q2 Results FY25: Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1164 crore in the last year quarter.
Hero MotoCorp Q2 Results: Standalone profit rises 14% YoY to Rs 1,204 crore, revenue up 11%
India's leading two-wheeler maker Hero MotoCorp on Thursday reported 14% growth in its standalone net profit at Rs 1,204 crore in the second quarter. It was Rs 1054 crore in the year-ago quarter.
NALCO shares rally 5% after Q2 profit rises multi-fold to Rs 1,046 crore
Nalco share Price: National Aluminium Company (Nalco) witnessed a remarkable five-fold surge in its consolidated profit for the September quarter, reaching Rs 1,045.97 crore, driven by robust revenue growth. The company's board has announced an interim dividend of Rs 4 per share. Nalco's shares, despite a recent dip, have shown impressive growth this year.
Nalco Q2 Results: Profit rises multi-fold to Rs 1,046 crore; Rs 4 per share dividend announced
Nalco's consolidated profit surged to ₹1,045.97 crore in the September quarter, a five-fold increase year-on-year, driven by higher revenue from operations, which reached ₹4,001.48 crore. The company's board has announced an interim dividend of ₹4 per share for the current financial year.
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PFC shares jump 7% post Q2 results; Brokerages maintain bullish outlook
PFC Share Price: Power Finance Corporation shares rose 9% after reporting a 9% increase in Q2 profit, driven by higher revenues and loan growth. Brokerages Bernstein and CLSA maintain 'Outperform' ratings.
PFC Q2 Results: Profit rises nearly 9% to Rs 7,215 cr
State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues.
Power Grid shares in focus after reporting muted Q2 results
Power Grid Corporation reported a consolidated net profit of Rs 3,793 crore in the September quarter, remaining unchanged from the previous year. Revenue remained stagnant at Rs 11,278 crore. Despite the flat growth, the company announced an interim dividend of Rs 4.
Jindal Steel and Power Q2 Results: Profit falls 38% to Rs 860 crore
Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue. It had posted a net profit of Rs 1,390 crore for the period ended September 2023, the company said in a statement.
Q2 results today: Tata Steel, Apollo Hospitals among 98 companies to announce earnings on Wednesday
Get ready for a busy day in the Indian stock market. 63 companies will reveal their July-September earnings today. Keep an eye on major players like Power Grid and Tata Steel. Apollo Hospitals is expected to report strong numbers. Tata Steel might face challenges due to declining realizations. Stay tuned for the detailed financial results and expert analysis.
Q2 results: Nifty companies show zero profit growth leading to downgrades
September quarter results reveal weaker-than-expected earnings, with a flat YoY growth for 34 Nifty companies. Key downgrades in earnings estimates affected FY25 and FY26 projections, led by BPCL, Reliance Industries, and Coal India. Mixed performance noted across banks, IT, consumer, and oil marketing companies.
Tata Power Q2 Results: Net profit jumps 51% YoY to Rs 1,533 crore
Tata Power Q2 Results: Revenue from operations declined 1% year-on-year to Rs 15,247 crore. Consolidated EBITDA for the quarter increased 23% to Rs 3,808 crore, driven by expanded solar manufacturing, favorable regulatory developments in distribution, and improved operational efficiency across business segments.
Q2 results today: L&T, Dabur among 77 companies to announce earnings on Wednesday
L&T, Tata Power, and Dabur are key among 77 companies declaring Q2 earnings today. L&T's revenue is expected to rise by 16%, while Dabur may see a 5% year-on-year drop in revenue due to volume declines and distributor inventory corrections. Heavy rains impacted Dabur's out-of-home consumption.
Adani Ports in focus ahead of Q2 results today. Here’s what to expect
Adani Ports Share Price: Adani Ports & Special Economic Zone is expected to report a 6%-10% increase in Q2FY25 revenue and a 19%-39% rise in net profit year-on-year. Kotak estimates a 10% YoY revenue growth to Rs 7,311 crore and PAT of Rs 2,400 crore. EBITDA is projected at Rs 4,277 crore, a 10% YoY increase.
Motilal Oswal Q2 Results: PAT soars 111% YoY to Rs 1,120 crore, revenue jumps 71%
Motilal Oswal Financial Services reported a 111% YoY jump in PAT to Rs 1,120.08 crore in Q2FY25. Revenue from operations was reported at Rs 2,838 crore, up 71.5% YoY.
Adani Power Q2 Results: Cons PAT declines 50% YoY to Rs 3,298 crore
Adani Power Q2 Results: In the year-ago period, revenue was Rs 6,594.17 crore. For the recent quarter, revenue from operations reached Rs 13,339 crore, up 3% from Rs 12,991 crore in the same quarter last year. Continuing revenue grew 20% YoY to Rs 28,517 crore in H1 FY25 and 10.8% YoY to Rs 13,465 crore in Q2 FY25, as per the company’s filing.
DLF shares rally 8% after reporting 122% YoY jump in Q2 PAT. Should you invest?
Revenue from operations for the reported quarter reached Rs 1,975 crore, marking a 46% increase from Rs 1,348 crore in the same period last year. Sequentially, net profit rose 114% in the quarter, compared to Rs 646 crore in the previous quarter.
Dr. Reddy’s shares trade ex-split today. Stock up 2%
The company further announced that each American Depositary Share (ADS) will continue to represent one equity share. Consequently, the number of ADSs held by each American Depositary Receipt holder will increase in line with the rise in equity shares.
Q2 results today: YES Bank, ICICI Bank among 63 companies to announce earnings on Saturday
The second quarter earnings season sees 63 companies disclosing their July-September 2024 results. Key players like YES Bank, ICICI Bank, and IDFC First Bank are among them. ICICI Bank is expected to show an 8-11% rise in net interest income, while YES Bank might report up to a 115% increase in net profit.
RIL shares: Weak Q2 results make Motilal cut target price. Here's what others said
Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results. Future triggers include new energy operations by March 2025 and potential listings of Jio and Retail businesses.
Reliance Jio Q2 Results: Profit jumps 23% YoY to Rs 6,539 crore, revenue up 18%; ARPU rises 7% to Rs 195.1
Reliance Jio Q2 Results 2024: Reliance Jio Infocomm on Monday reported a 23.4% jump in its September quarter consolidated net profit at Rs 6,539 crore versus Rs 5,299 crore reported by the company in the year ago period. The revenue from operations stood at Rs 31,709 crore, higher by 18% over Rs 26,875 posted by the company in the corresponding quarter of the previous financial year.
RIL Q2 Results: 5 top takeaways every investor should take note of
Reliance announced that its first new energy giga-factory is expected to start producing solar PV modules by the end of the year. Chairman Mukesh Ambani mentioned that the new energy business, with its diverse range of renewable solutions, including solar, energy storage systems, green hydrogen, bio-energy, and wind, is set to become a major player in the global clean energy transition.
Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Q2 Results: Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector, along with a strategic focus on streamlining operations and adjusting its B2B approach to boost margins. Despite this, the retail arm still generated a substantial gross revenue of Rs 76,302 crore, though this figure also represents a 1.1% drop year-on-year.
RIL Q2 Results: Net profit falls 5% YoY to Rs 16,563 crore, but beats estimates
Reliance Industries Q2 Results: The company exceeded profit forecasts in the second quarter, despite a marginal 0.2% YoY revenue growth to Rs 2.35 lakh crore and a 2% decline in EBITDA. The company's profit beat the ET Now poll estimate of Rs 15,716 crore, signalling strength despite the slight dip in revenue and EBITDA. EBITDA margins also decreased by 50 basis points to 17%.
RIL Q2 Preview: PAT may fall 10% YoY; weak O2C seen hurting operational performance
Reliance Industries is expected to report muted earnings for the second quarter due to weakness in the oil-to-chemicals segment. Net profit is projected to fall by 10% year-on-year, while sales might marginally decline. Strong performance in consumer businesses and the ONG segment could offset the weak O2C performance.
Q2 results season begins this week with TCS, IREDA, DMart. Check out the earnings calendar
TCS will kick off the earnings season on October 10, reporting its Q2 results alongside companies like Tata Elxsi and DMart. Key earnings to watch include TCS’s revenue growth and DMart's significant profit jump in Q1 FY25. Other notable companies reporting include Lotus Chocolates and Anand Rathi Wealth.
Take notice! In a muted Q1 season, these 14 companies doubled sales and profits
14 companies with market capitalization exceeding Rs 2,500 crore demonstrated exceptional performance in Q1 2024, doubling their sales and profits. Top performers included Spright Agro and Diamond Power Infrastructure. The broader market saw mixed results with sectors like BFSI and automobile doing well, but oil marketing companies underperforming.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
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