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Airways major Lufthansa slashes 2024 profit target for a second time

Equity analysts said Lufthansa's decision was not surprising, given its cost challenges linked to strikes earlier this year and delivery delays from plane manufacturers

Airways major Lufthansa slashes 2024 profit target for a second time
Updated On : 12 Jul 2024 | 6:49 PM IST

JTL Industries Q1 results: Net profit increases 21% to Rs 31 crore

Steel pipes maker JTL Industries Ltd on Wednesday reported a 21 per cent rise in its net profit at Rs 30.70 crore for the quarter ended June 30, aided by higher revenues. It had posted a profit of Rs 25.36 crore in the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing. Its revenue from operations rose to Rs 515.37 crore from Rs 504.80 crore in the year-ago quarter. The company's expenses were Rs 478.83 crore against Rs 471.66 crore a year ago. JTL Industries is a leading producer of electric resistance welded steel pipes with a production capacity of more than 6 lakh metric tonnes per year.

JTL Industries Q1 results: Net profit increases 21% to Rs 31 crore
Updated On : 10 Jul 2024 | 8:35 PM IST

Oyo posts maiden profitable year with Rs 100 cr PAT in FY24: Ritesh Agarwal

Agarwal, in a post on social media platform X, added that he expects growth not just in India, but in other key markets like the Nordics, South East Asia, the US, and the UK as well

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Updated On : 30 May 2024 | 11:12 PM IST

RHI Magnesita India Q4 results: Net loss narrows to Rs 258.89 crore

RHI Magnesita India on Wednesday reported narrowing of its consolidated loss to Rs 257.89 crore during the March 2024 quarter. It had reported a loss of Rs 678.90 crore during the year-ago period, the company said in a regulatory filing. Its total income rose to Rs 947.47 crore as against Rs 881.29 crore in the January-March period of FY23. During the quarter under review, the company trimmed its expenses to Rs 852.72 crore from Rs 903.85 crore a year ago. In a separate statement, Parmod Sagar, its Managing Director and Chief Executive Officer, said, "We have enhanced our operational efficiencies, driving remarkable and sustained growth. Our EBITDA and revenue saw substantial year-on-year growth of 49 per cent and 39 per cent, respectively. "Our rigorous cost optimization initiatives have led to outstanding year-on-year margin improvements this quarter," Sagar added. RHI Magnesita India Ltd is a leading supplier of high-grade refractory products used by major industries, includin

RHI Magnesita India Q4 results: Net loss narrows to Rs 258.89 crore
Updated On : 29 May 2024 | 9:52 PM IST

Prestige Estates Q4 result: Profit falls 70% to Rs 140 cr on lower income

Prestige Estates Projects has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 468.4 crore in the year-ago period. Total income fell to Rs 2,232.5 crore in the quarter from Rs 2,938 crore in January-March FY23, according to a regulatory filing late Tuesday. During 2023-24 fiscal year, net profit rose to Rs 1,374.1 crore from Rs 941.8 crore in the preceding year. Total income increased to Rs 9,425.3 crore from Rs 8,772 crore in 2022-23. Prestige Estates is one of the leading real estate developers in the country. It has a significant presence in South India. The company has entered into Mumbai and Delhi-NCR markets.

Prestige Estates Q4 result: Profit falls 70% to Rs 140 cr on lower income
Updated On : 29 May 2024 | 2:57 PM IST

Q4 results today: NHPC, ZEEL, Pfizer among 116 firms to post earnings today

Q4 FY24 company results: Delhivery, JSW Steel, Godrej Industries, Bandhan Bank and many more companies are slated to release their fourth-quarter earnings

Q4 results today: NHPC, ZEEL, Pfizer among 116 firms to post earnings today
Updated On : 17 May 2024 | 11:12 AM IST

Abans Holdings consolidated profit declines 7.19% in the March 2024 quarter

Net profit of Abans Holdings declined 7.19% to Rs 19.49 crore in the quarter ended March 2024 as against Rs 21.00 crore during the previous quarter ended March 2023

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Updated On : 15 May 2024 | 9:39 AM IST

Apple supplier Foxconn's Q1 net profit jumps 72% but misses forecasts

While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise

Apple supplier Foxconn's Q1 net profit jumps 72% but misses forecasts
Updated On : 14 May 2024 | 10:20 PM IST

Zomato Q4 results preview: Analysts expect rise in food delivery revenues

Q4 FY 24 results: Zomato is expected to deliver strong earnings growth in the fourth quarter of the financial year 2023-24

Zomato Q4 results preview: Analysts expect rise in food delivery revenues
Updated On : 13 May 2024 | 12:44 PM IST

Polycab India Q4 result: Profit jumps 28.5% to Rs 546 cr on healthy demand

Cables and wires companies have benefited from a demand surge from the real estate and infrastructure sectors, further aided by the government as it tries to boost the economy

Polycab India Q4 result: Profit jumps 28.5% to Rs 546 cr on healthy demand
Updated On : 10 May 2024 | 1:49 PM IST

Treasury gains, fee income help State Bank of India Q4 net surge 24%

Loan-loss provisioning increased to Rs 3,294 crore in Q4, up more than 150% from the year before

Treasury gains, fee income help State Bank of India Q4 net surge 24%
Updated On : 10 May 2024 | 12:20 AM IST

Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat

The fall came as investors booked profit after the company posted strong March quarter performance

Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat
Updated On : 29 Apr 2024 | 1:12 PM IST

Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%

At 10:00 AM, the stock was the top loser on 30-share Sensex. By comparison, S&P BSE Sensex was up 0.37 per cent at 74,002.66 levels

Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%
Updated On : 29 Apr 2024 | 11:48 AM IST

Brokerages raise targets on RIL stock post Q4; check latest prices here

The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical

Brokerages raise targets on RIL stock post Q4; check latest prices here
Updated On : 23 Apr 2024 | 10:06 PM IST

RIL Q4FY24 preview: Top metrics that analysts will watch out for today

As of 12:10 pm, the shares were trading 0.23 per cent higher at Rs 2,948.40, as compared to S&P BSE Sensex, which was trading 0.55 per cent higher at 73,487.50 levels

RIL Q4FY24 preview: Top metrics that analysts will watch out for today
Updated On : 22 Apr 2024 | 1:00 PM IST

Q4 earnings, global trends major triggers for markets this week: Analysts

Worries related to the Iran-Israel conflict, quarterly earnings and foreign investors' trading activity are the key factors that would dictate stock markets this week, analysts said. Besides, trends in Brent crude oil and movement of the rupee against the dollar will also be crucial factors. This week will be crucial for the market amid ongoing worries about the conflict between Iran and Israel, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. "If tensions escalate significantly, there's a risk of panic selling and increased volatility across global stock markets. Moreover, the market will be keeping a close eye on fluctuations in crude oil prices, as geopolitical events frequently impact them. "Investors will also be watching for important earnings of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti," Gour said. HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to Rs 17,622.38 crore for the March

Q4 earnings, global trends major triggers for markets this week: Analysts
Updated On : 21 Apr 2024 | 10:19 AM IST

Mkts to track geopolitical events in holiday-shortened week: Analysts

Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Investors will be watching for earnings reports from Infosys, Bajaj Auto, and Wipro later in the week, he said. On the macroeconomic front, China's GDP data, US retail sales figures, and movements in the US bond yields and the dollar index will be important factors influencing market sentiment, Meena added. Shares of TCS will remain in focus on Monday.

Mkts to track geopolitical events in holiday-shortened week: Analysts
Updated On : 14 Apr 2024 | 10:18 AM IST

Global trends to guide mkts this week amid lack of local triggers: Analysts

Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said. Markets traded volatile in the continuation to the prevailing consolidation phase but managed to edge higher. The beginning was subdued, however, gradual recovery in the following sessions not only pared losses but also helped the index to close around the week's high, Mishra said. Due to robust macroeconomic data, domestic markets concluded the previous week on a positive note, with the frontline indices gaining more than a per cent. Sensex settled at 72,426.64 and Nifty at 22,040.70. The markets also got sup

Global trends to guide mkts this week amid lack of local triggers: Analysts
Updated On : 18 Feb 2024 | 2:37 PM IST

United Breweries Q3 results: Profit at Rs 84.85 crore, revenue up 12.3%

The Kingfisher beer maker reported a standalone profit of Rs 84.85 crore (nearly $10 million) for the quarter ended Dec. 31, compared with a loss of Rs 2.1 crore a year earlier

United Breweries Q3 results: Profit at Rs 84.85 crore, revenue up 12.3%
Updated On : 08 Feb 2024 | 8:29 PM IST

Lyft guarantees weekly earnings in a bid to lure more drivers

Last year about 15% of Lyft drivers across United States earned less than 70% of what riders paid, after external fees, but Lyft assured to pay difference if drivers made below 70% at end of week

Lyft guarantees weekly earnings in a bid to lure more drivers
Updated On : 06 Feb 2024 | 4:04 PM IST