BAJAJ FINANCE LTD Q4 RESULTS
Bajaj Housing Finance Q2 results preview: NII may jump by up to 28% YoY on loan growth, NIMs to decline sequentially
Bajaj Housing Finance is anticipated to report a net interest income between Rs 8,810 crore and Rs 9,187 crore for the quarter ended September 30, 2024. Profit after tax could be around Rs 4,030 crore to Rs 6,083 crore. The results are based on estimates from brokerages like Kotak, ICICI, and Emkay.
$10 billion sale! FII selling breaks all records. Is it just about China?
Foreign institutional investors have withdrawn nearly $10 billion from the Indian stock market in October, marking a record high. Contributing to this sell-off are concerns over China's economic stimuli, overvaluation of Indian equities, a tepid corporate earnings season, and a stronger dollar impacting emerging markets.
Bajaj Housing Finance shares in focus ahead of Q2 results today
Continuing a trend seen in the previous two quarters, the
Jio Financial shares in focus on 3% YoY Q2 net profit jump
Jio Financial Share Price: Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.
Tech Mahindra shares likely in focus after reporting 153% YoY jump in Q2 PAT
While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.
Q2 results this week: ICICI Bank, ITC, Bajaj Housing Finance, Zomato among 182 companies to announce earnings
This week, 182 companies, including ICICI Bank, HUL and Zomato, will report Q2 earnings. Key dates feature multiple significant announcements, impacting market sentiment and stock performance.
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Hyundai listing, Q2 results among 8 factors to drive stock market this week
Nifty declined 0.44% this week, influenced by auto, metal, and IT stocks. Key upcoming factors include FII flows, IPO activity, Q2 results, and global market trends
Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, driven by an 11% growth in net interest income. However, rising NPAs and a slowdown in consumer loans pressured margins and increased provisions.
Tata Consumer Q2 Results: Cons PAT jumps 8% YoY to Rs 364 crore, beats estimates
Tata Consumer Q2 Results: The profit after tax was above ET Now poll estimates of Rs 314 crore. The company reported quarterly revenue of Rs 4,214 crore, a 13% increase from Rs 3,734 crore in the same period last year. The India Beverages segment grew 3%, despite a 4% decline in tea volumes, while India Foods revenue rose 28% (9% organic). Overall volume growth was 1%.
Nestle India shares fall 2% as Q2 net profit falls marginally YoY. Should you invest?
Nestle India's shares fell 2.2% after reporting a Q2 net profit of Rs 899 crore, slightly down year-on-year. Brokerages gave mixed reviews, with target prices ranging from Rs 2,350 to Rs 2,870.
Tata Consumer Q2 results preview: PAT may fall 5% YoY; new businesses to drive revenue higher
Tata Consumer Products is expected to see a 15% revenue growth in Q2 due to strong performances in new businesses, despite a forecasted 5% dip in net profit because of increased depreciation and finance costs. Analysts predict a combined Rs 320 crore from Capital Foods and Organic India.
Q2 results today: Jio Financial, Tata Consumer among 44 companies to announce earnings on Friday
The second quarter earnings season continues with 44 companies, including Jio Financial, Tata Consumer, and ICICI Lombard, reporting results. Tata Consumer is expected to see a 5% drop in net profit year-on-year, despite a 15% revenue growth driven by new businesses in pharma and food channels.
IT stocks jump up to 5% ahead of Infosys, Wipro, LTIM Q2 results today
Shares of IT companies like Mphasis and Tech Mahindra climbed up to 5.5% on the NSE today ahead of the second-quarter results from Infosys, Wipro, and LTIMindtree.
Stock to Watch: Bajaj Auto shares in focus on 9% YoY PAT jump
Bajaj Auto Share Price: Shares of Bajaj Auto are expected to be in focus due to the company’s Q2FY25 earnings results. The company reported a standalone net profit of Rs 2,005 crore, up 9% year-on-year. Revenue from operations rose 22% to Rs 13,127 crore. Both profit and revenue figures were slightly below market estimates. The company saw a 22% increase in domestic volumes.
Bajaj Auto Q2 Results: PAT jumps 9% YoY to Rs 2,005 crore, revenue zooms 22%
Bajaj Auto Q2 Results: The company reported revenue from operations of Rs 13,127 crore, a 22% increase from Rs 10,777 crore in the same quarter last year. However, both PAT and revenue fell short of ET Now poll estimates, which projected Rs 2,198 crore and Rs 13,305 crore, respectively. Domestic volumes rose 22% year-on-year to 7,76,711 units, compared to 6,37,556 units in the corresponding quarter of the previous year.
Down by up to 17% in 3 months, PSU bank stocks to ride these 2 tailwinds. SBI, BoB among top picks
PSU bank stocks have dropped up to 17% in the last three months. However, experts believe these stocks are a good buy due to better valuations and expected earnings growth for Q2FY25. Banks like SBI, BoB, PNB, and BoI are highlighted as strong investment options by top brokerages.
Stock to Watch: Bajaj Auto shares in focus ahead of Q2FY25 earnings. Here's what to expect
Shares of Bajaj Auto are set to draw attention as the company is projected to announce a significant YoY revenue increase of 24%-29% for Q2FY25, driven by robust volume growth and higher ASPs. Net profit is also expected to rise by 22%-24%.
Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices opened higher on Monday, with the Sensex gaining 315 points and Nifty50 rising 93 points as investors awaited domestic inflation data and earnings reports from Reliance Industries and HCL Tech. Wipro shares surged over 3% on news of a potential bonus share issue.
Q2 results today: RIL, HCL Tech among 14 companies to announce earnings on Monday
Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in the oil-to-chemicals segment. Analysts anticipate a 10% decrease in net profit year-on-year and a marginal 0.6% decline in net sales. However, strong performance in consumer businesses and other segments may offset this decline.
Bajaj Housing Finance shares drop 4% as 1-month lock-in period expires today
Bajaj Housing Finance Share Price: Shares of recently listed Bajaj Housing Finance fell 4% as the 1-month share lock-in period expired today. About 12.6 crore (126 million) shares, which were previously restricted from sale, are now eligible for trading.
Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian stock indices Sensex and Nifty opened lower on Friday due to a profit miss by Tata Consultancy Services, impacting banking and financial stocks. Additionally, higher-than-expected U.S. inflation data for September raised concerns about the likelihood of further interest rate cuts this year.
Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of banks and NBFCs went up by as much as 4% after the RBI shifted its policy stance to 'neutral'. This change hints at a possible rate cut cycle from December. Shriram Finance saw the biggest gain in Nifty, rising over 4%. Other financial stocks also gained significantly, boosting the Sensex by 500 points.
Motilal cuts Nifty EPS estimates by 4%, picks 20 stocks ahead of Q2 results
Motilal Oswal has downgraded FY25 Nifty EPS estimates by 4% to Rs 1,072, citing reduced forecasts for metals and O&G. Despite this, sectors like BFSI, healthcare, and utilities are expected to drive earnings growth. Top picks include ICICI Bank, HDFC Bank, and Bharti Airtel.
Banks post higher Q2 deposit growth print than credit growth, reversing two year trend
Several private sector banks in India saw deposit growth outpace credit growth in the September quarter. HDFC Bank, Yes Bank, and CSB Bank reported notable increases in their deposit bases. Meanwhile, non-bank lenders like Bajaj Finance and Mahindra Finance showed mixed results in asset management and loan disbursements.
Bajaj Finance shares tumble 3% after Q2 update
Shares of Bajaj Finance dropped by 2.6%. Despite this, new loans grew by 14% in Q2FY25. Assets under management rose by 29% to Rs 3.73 lakh crore. Global brokerages Morgan Stanley and Jefferies remain optimistic, with target prices of Rs 9,000 and Rs 8,410 respectively. Net profit grew by 14% in the first quarter.
Decoding Swiggy’s Rs 10,000 crore IPO; PSMC on India’s chip play
Swiggy has filed its updated draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). This and more in today’s ETtech Top 5.
IRFC Q1 results: PAT up 1.6% YoY to Rs 1,577 crore, revenue uptick at 1.4%
IRFC Q1 results: State-run Indian Railway Finance Corporation (IRFC) reported a net profit of Rs 1,577 crore for the quarter ended June 30, 2024 which was up by 1.6% over Rs 1,551 crore reported by the company in the year ago period.
Bajaj Finance Q1 Results: Profit rises 14% YoY to Rs 3,912 crore; NII jumps 25%
Bajaj Finance Q1 Results: Bajaj Finance Ltd reported a 14% YoY rise in consolidated net profit to Rs 3,912 crore for Q1 FY2024, slightly below the estimated Rs 3,947 crore. Net interest income surged 25% YoY to Rs 8,365 crore, and pre-provisioning operating profit jumped 25% YoY to Rs 6,947 crore.
Q1 results today: HUL, Bajaj Finance among 34 companies to announce earnings on Tuesday
Q1 Results Today: HUL, Bajaj Finance, ICICI Sec, and ICICI Pru Life will release Q1 results. HUL's profit is estimated at Rs 2,479-2,562 crore, revenue Rs 14,925-15,451 crore. Bajaj Finance expects 26% net interest growth, 30% AUM rise. EBITDA to grow 0.4% YoY. Parag Milk Foods, Gard Furnace, Thyrocare Technologies to report, Bajaj Finance's March profit was Rs 3,824 crore.
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