YES BANK LTD Q2 RESULTS
TCS Q2 results on October 10; board to consider second interim dividend
TCS will announce its Q2 earnings on October 10, with a potential interim dividend declaration. Despite a gradual recovery in client spending, revenue growth remains stable. MOFSL expects TCS to see a 1% QoQ growth in constant currency. Previous Q1 profits and revenue exceeded expectations.
IT business environment better than a year ago, no AI impact on hiring before FY26: Rahul Jain
Rahul Jain from Dolat Capital advises focusing on Indian IT companies' Q2 earnings commentary rather than Accenture's guidance. He notes that AI's impact on hiring is still years away and highlights the uncertainty in the sector due to geopolitical conflicts and mixed economic signals, despite some improvement over the past year.
HDFC Bank announces board meeting on October 19 to announce Q2 results
HDFC Bank Q2 Results: HDFC Bank, India's largest private lender, will announce its second-quarter results for the period ending September 2024 on October 19. The bank previously reported a 35% increase in standalone net profit for the quarter ending June 2024. Interest earned also saw a significant rise, while gross non-performing assets slightly increased.
Near-term upside in IT stocks to be capped; eyes on Q2 results: Sandip Sabharwal
Sandip Sabharwal touches on the pricing of IT stocks and upcoming September quarter results while discussing the potential inclusion of Zomato and Avenue Supermarts in F&O. He emphasizes the importance of festival season demand for auto sales and sees potential in Bharti Airtel, large-cap banks, and the under-owned pharma sector for future performance.
India's GDP hits 15-month low of 6.7% in Q1FY25
India's gross domestic product grew at 6.7 per cent for Q1FY25. Experts were anticipating moderate growth for this quarter, attributing their expectations to the general elections of 2024, a slump in urban consumption and a previously-sluggish rural growth. The Reserve Bank of India had in August projected India's GDP to grow at 7.1 per cent for the first quarter of fiscal year 2024-25.
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.
Hero MotoCorp Q1: Higher volumes to drive revenue growth. PAT may jump by up to 35% YoY
Hero MotoCorp's net profit for the quarter ending June 30, 2024, was projected between Rs 1,119 crore and Rs 1,926 crore, marking 14%-35% growth year-on-year. Revenue estimates ranged from Rs 10,232 crore to Rs 11,778 crore, driven by increased volumes and average selling prices. The company’s quarterly earnings were scheduled for announcement on August 13.
Eicher Motors Q1 preview: Revenue may rise by up to 7.2% YoY to Rs 4,273 crore on richer product mix
Eicher Motors Q1 Result Today: Eicher Motors' net profit for the quarter ended June 30, 2024, was projected between Rs 943 crore and Rs 1,034 crore. Revenue estimates ranged from Rs 4,178 crore to Rs 4,273 crore. The profit rise was attributed to volume growth and higher average selling prices of Royal Enfield motorcycles, according to multiple brokerages.
Dabur Q1 Preview: Domestic volumes to drive revenue growth by 6% YoY; margins to expand
Dabur India’s revenue for Q1 2024 likely witnessed a 6% year-on-year growth, driven by rural market improvement and international business. Domestic volumes reportedly grew by 5-6%, with gross margins expected to improve by up to 200 bps YoY. Higher ad-spends were seen moderating EBITDA margins slightly.
ITC Q1 Preview: Cigarettes to drive earnings growth, but agri and paper remain weak
ITC Ltd reported a notable revenue growth for Q1 2024, primarily fueled by its cigarettes and hotels businesses. Revenue increased by 6% compared to the same period last year, and net profit saw a 3% rise. However, the paper and agri segments continued to face challenges, impacting overall margins.
Maruti Suzuki Q1 Preview: PAT may jump 30% YoY; revenue growth seen stable
Maruti Suzuki's first quarter of 2024 showed stable revenue growth with a 7% year-on-year increase, supported by rising utility vehicle sales. Net profit rose by 30%, and operating efficiency improved due to lower raw material costs. However, the average selling price remained flat over the period.
ICICI Bank shares rise over 2% as Q1 performance impresses Street. Should you invest?
ICICI Bank Share Price Latest Updates: ICICI Bank's stock surged 2.5% following a reported 14.6% increase in its June quarter's standalone profit. Analysts praised its strong earnings, stable asset quality, and lower-than-expected slippage. Companies like Morgan Stanley and Nuvama raised target prices, showing confidence despite some margin pressure. The bank's consistent performance continues to inspire optimism.
IndusInd Bank Q1 Results: Cons PAT rises 2% YoY to Rs 2,171 crore, NII jumps 11%
IndusInd Bank Q1 Results: The lender had reported a net profit of Rs 2,124 crore in the year-ago period. Net interest income for the first quarter of FY 2025 rose by 11% compared to the same period last year, reaching Rs 5,408 crore. Despite this increase, the net interest margin remained stable at 4.25%. While gross and net non-performing assets (NPAs) saw a slight uptick to 2.02% and 0.60% respectively, the provision coverage ratio (PCR) held steady at 71% as of June 30, 2024.
Axis Bank Q1 Results today: Profit seen to jump 11% YoY; NIMs to decline
Axis Bank’s Q1 results, to be released on July 24, may show 11% NII growth, 12% net profit increase, and 15% loan growth. NIMs are likely to drop by 6-8 bps. Analysts foresee Rs 4,500 crore PSL slippages and cost pressures affecting NII growth and ratios. March quarter profit was Rs 7,130 crore.
YES Bank shares climb 5% after Q1 profit grows 47% YoY to Rs 502 crore
YES Bank shares surged 5% to Rs 26 on BSE following its report of a standalone net profit of Rs 502.43 crore for Q1 FY2024, marking a 47% increase from Rs 342.52 crore a year ago. Interest earned in the quarter rose 19.8% to Rs 7,719.15 crore from Rs 6,443.22 crore in the same period last year.
Yes Bank Q1 Results: Standalone PAT grows 47% YoY to Rs 502 crore, net interest income jumps 12%
Yes Bank's interest expenses rose 23% year-on-year in Q1 FY25, reaching ₹5,475.11 crore. However, net profit still grew 11.2% quarter-on-quarter to ₹502 crore. Net interest margins remained stable at 2.4% compared to the previous quarter.
Q1 Results Today: What to expect from HDFC Bank and Kotak Bank’s earnings
HDFC Bank's Q1 FY25 financial results are likely to be less impressive than the previous quarter, primarily due to slower deposit growth. The merger with HDFC Ltd. makes year-over-year comparisons irrelevant. Loan growth is also expected to moderate, impacting net interest income. While the bank navigates the challenges of integration and a tougher economic environment, its profitability might see a minor dip in this quarter.
RIL Q1 results preview: Revenue may grow by 7-12% YoY, PAT could decline up to 6.3% on weak O2C
Reliance Industries is anticipated to report Q1FY25 profit between Rs 14,999 crore to Rs 19,084 crore with revenue estimates ranging from Rs 2,31,463 crore to Rs 2,22,254 crore. Concerns arise over O2C impact on earnings due to declining refining margins.
Q1 results this week: RIL, Paytm, Infosys, Jio Financial among 418 companies to announce quarterly earnings
Several widely followed companies, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platform, Tata Technologies, and YES Bank, will be releasing their June quarter report cards this week.
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