V MART Q3 EARNINGS
Should you buy or sell Avenue Supermarts post Q4 earnings?
Shares of Avenue Supermarts traded lackluster after a 22% year-on-year (YoY) jump in its March quarter net profit failed to impress Dalal Street investors.
Hot Stocks: Brokerage upgrades Kotak Bank & D-Mart post Q4 results
Following the fourth-quarter results, JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts. It maintains a neutral rating on Britannia Industries and an underweight rating on Tata Technologies.
IDBI Bank Q4 Results: PAT soars 44% YoY to 1,628 crore; NII rises 12%
IDBI Bank's gross NPA ratio improved to 4.53% as against 6.38% YoY while net NPA ratio also improved to 0.34% vs 0.92% YoY..The lender has announced a dividend of Rs 1.50 per share which will be will be paid on approval by shareholders at the ensuing Annual General Meeting (AGM) of the bank.
IndiaMart shares zoom 9% after net profit jumps 35% in Q4. Should you invest?
IndiaMart InterMesh shares surged 9% to Rs 2,888.90 on BSE following its Q4FY24 report, revealing a net profit of Rs 92 crore, a 35% increase from Rs 68 crore in the corresponding period last year.
Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr
Adani Energy Solutions Ltd reported a 13.26% fall in net profit to Rs 381.29 crore in March 2024, with FY 24 income at Rs 17,218.31 crore. Growth attributed to robust energy demand and market opportunities.
Q4 Results: Havells India, Central Bank of India and IndiaMart
Havells India has posted a PAT of Rs 449 crore, which is a 24% increase on a YoY basis while the company has recorded a YOY growth of 12% in its net revenue. The EBITDA grew by 80 bps, up from 10.9% to 11.7%.
Reliance Retail Q4 Results: Net profit jumps 12% YoY to Rs 2,698 crore
In its earnings release, Reliance Retail said it undertook an equity fund raise of Rs 17,814 crore in FY24, including Rs 2,500 crore infused by Reliance Industries during the March quarter. It did not specify where the capital would be utilized.
RIL Q4 Results: Net profit falls 2% YoY to Rs 18,951 crore, yet beats estimates
RIL Q4 Results: Reliance Industries reported a 2% fall in net profit to Rs 18,951 crore for the March 2024 quarter. Revenue from operations surged 11% to Rs 2.4 lakh crore, with strong growth in EBITDA and various business segments.
Just Dial shares jump 13% to 52-week high after solid Q4 results
Just Dial shares surged 13% to Rs 1,010, supported by strong financial performance. EBITDA increased to Rs 70.6 crore, with total active listings at 43.6 million. The launch of JD Mart platform targets India's manufacturers, distributors, and wholesalers.
Last leg of Q3 earnings among 5 factors to dictate Nifty mood this week
Led by the downside in private bank stocks, Nifty slipped 0.33% lower and broadly consolidated in the 21,600–22,000 range during the week. PSU banks outshined with SBI leading with a 12% upside in just five days.
Time to start buying into V-Mart, hold on to Mankind Pharma: Chakri Lokapriya
Chakri Lokapriya says: Mankind Pharma has performed well, with strong consumer and institutional business and improving margins. Mankind Pharma's stock has doubled, and the business momentum continues. Lupin's franchise looks good. Hold real estate stocks as interest rates peak and unsold inventory decreases. Zomato focuses on improving profitability. Catholic Syrian Bank management has changed. V-Mart is well positioned in tier-2, tier-3, tier-4 towns.
Dr Reddy's Q3 Results: Net profit rises 11% YoY to Rs 1,379 crore, meets estimates
DRL Q3 Results: The profit was slightly above the ET Now poll estimate of Rs 1,337 crore. Revenue from operations increased 7% year-on-year (YoY) to Rs 7,215 crore. EBITDA for the reporting period stood at Rs 2,111 crore, while margins came in at 28%.
Vodafone Idea Q3 Results: Net loss narrows to Rs 6,989 crore on lower finance and operational costs
Operating income stood at an 11-quarter high, backed by growth in its 4G user base for the 10th straight three-month period, with average revenue per user (ARPU) – a key operational metric - rising 2.1% sequentially to Rs145. Arpu was mainly helped by “change in entry level plan and subscriber upgrades", Vi said in its earnings statement Monday.
Tata Steel Q3 Results: Steelmaker swings to black, posts Rs 513-crore profit; revenue drops 3% YoY
Revenue from operations declined 3% year-on-year (YoY) to Rs 55,312 crore. The same stood at Rs 57,084 crore in the last year quarter.
ICICI Bank Q3 results today: Know what brokerages say ahead of earnings?
ICICI Bank is expected to report a 20% YoY growth in net profit at Rs 9,984 crore, and net interest income (NII) of Rs 18,474.30 crore for the December quarter. The bank's earnings are likely to be aided by a higher than industry growth in the loan book, lower credit costs, and steady asset quality. The loan book is expected to grow by 18.4% YoY, with healthy momentum in the retail and SME segments. Deposits are expected to grow by 19.2% YoY, with CASA at 40.9% as of December end. NIMs may experience a compression of 10 bps QoQ.
Reliance Retail Q3 Results: Net profit jumps 32% YoY to Rs 3,165 crore
Reliance Retail Q3 Results: Revenue from operations in the reporting period rose 24% year-on-year to Rs 74,373 crore. The business posted an EBITDA of Rs 6,258 crore, which was up by 31% year-on-year. EBITDA before investment income was recorded at Rs 6,061 crore, up 30% year-on-year.
Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others
Various companies including Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. On Monday, Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group results will be out among others.
Q3 earnings, global cues, FII flows among 8 factors to set trajectory for D-Street this week
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
DMart Q3 results: Consol PAT up 17% YoY to Rs 691 crore, revenue sees similar growth
Earnings before interest, taxes, depreciation and amortization or EBITDA during the quarter grew by 16% YoY to Rs 1,119.89 crore. However, operating margin dipped marginally to 8.25% from 8.34% a year ago.
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