Earnings Growth

Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25

Packaging materials and solutions company Uflex Ltd has reported a consolidated net loss of Rs 64.58 crore for the second quarter ended September 30, 2024. The company had posted a net profit of Rs 63.31 crore during the July-September quarter a year ago, Uflex said in a late-night regulatory filing on Wednesday. However, its revenue from operations was up 14.66 per cent to Rs 3,781.03 crore in the September quarter. It was at Rs 3,297.45 crore in the corresponding period of the previous fiscal. Uflex's total expenses increased 15.60 per cent in the September quarter of this financial year to Rs 3,791.57 crore. The total income of Uflex was up 13.68 per cent to Rs 3,853.21 crore. Its revenue from 'Flexible Packaging Activities' was up 13.71 per cent to Rs 3,752.57 crore in the September quarter of this financial year. Uflex's revenue from engineering activities was up 53.59 per cent to Rs 130.60 crore in the June quarter. During the quarter Uflex's sales volume was at 66,927 MTP

Domestic brokerages expect Hero MotoCorp to show strong year-on-year (Y-o-Y) growth in revenue and profitability, driven by volume increases, improved realisations, and a favourable product mix

Company reports assets under management of Rs 12,310 cr, expects number to be around Rs 13,500 by end of FY25

The growth is attributed to higher occupancy rates and an increase in revenue per bed during the September quarter

BS BFSI Summit: There is limited room for PE multiples to move up and return expectations going ahead have to be moderate, analysts said at the Business Standard BFSI Insight Summit

Revenue from operations rose 39.4 per cent to Rs 4,156.67 crore in Q2 compared to the same period last year

The REIT also declared a distribution of Rs 4.60 per unit to its unitholders

BS BFSI Summit: Certain pockets may present risks, but the broader market is not in bubble territory, say leading mutual fund CIOs. They also highlight the need for diversified investment portfolios

Domestic brokerages anticipate a challenging quarter for Tata Steel marked by lower steel realisations and regional pricing pressures

State-owned Canara Bank aims to recover about Rs 6,000 crore from bad loans during the second half of the current fiscal. "We are anticipating recovery somewhere about Rs 3,000 crore in the third quarter and a similar amount in the fourth quarter," Canara Bank managing director and CEO K Satyanarayana Raju told PTI. The bank has recovered Rs 2,905 crore, including recovery in written-off accounts, in the second quarter. Slippages would be much less than recovery as the bank would be underwriting good loans, Raju said. Asked about the initial public offering (IPO) of Canara Robeco Asset Management Company, he said it may happen in the fourth quarter of this financial year. The approval from the finance ministry for the IPO of Canara Robeco Asset Management Company (AMC) is expected shortly. The lender holds a 51 per cent stake in the mutual fund. It plans to offload a 13 per cent stake through IPO. Last December, Canara Bank gave an in-principle approval to start the process of l

7% top-line growth in Q2 slowest in 5 qtrs; bottom-line expands 5%

The developments come at a time when the markets are already grappling with geopolitical developments in West Asia and the uncertainty surrounding the outcome of the US presidential polls

The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).

At 6:30 AM, GIFT Nifty Futures were trading about 14 points higher at 25,069, suggesting a flat to positive start for Indian markets.

Overall, the sentiment remains cautiously optimistic for Wipro ahead of results, with key focus areas including large-deal pipelines and consulting growth.

Goa Shipyard Ltd (GSL) has achieved the highest-ever revenue from operation of Rs 1,753 crore in FY24, a top company official said on Wednesday. Addressing the 58th annual general meeting of GSL, Chairman and Managing Director Brajesh Kumar Upadhyay said the company has achieved a remarkable growth and significantly outperformed its past achievements on all financial parameters. He said the company achieved 100 per cent growth in gross revenue, surpassing the Rs 2,000 crore mark for the first time during the fiscal. The CMD said the company has achieved record revenue from operations of Rs 1,753 crore, representing 102 per cent growth year-on-year. Profit before tax was 78 per cent higher at Rs 365 crore. Profit after tax stood at Rs 271 crore compared to Rs 155 crore last year. He stated that the order book stood at Rs 18,562 crore as on Mar 31, 2024, giving stable revenue visibility for the coming years. Upadhyay said the earnings per share jumped 76 per cent from Rs 13.28 to Rs

Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.

Stock Market Highlights on Tuesday, July 30, 2024: Among the broader indices, small-cap stocks outperformed the others with the BSE Smallcap index settling at 55,411, up 0.88 per cent

Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.