SBI Card Q1 results highlights: Net profit marginally up at Rs 594 crore, revenue rises 11%

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SBI Card Q1 results live: Asset Quality

The Gross non-performing assets were at 3.06% of gross advances as of June 30, 2024, as against 2.41% as of June 30, 2023. Net non-performing assets were at 1.11% as of June 30, 2024, as against 0.89% as of June 30, 2023.

SBI Card Q1 results live: Net profit marginally up at Rs 594 crore, revenue rises 11%

-- PAT at Rs 594 crore vs Rs 593 crore (YoY)

--Total Revenue increased by 11% YoY at Rs 4,483 crore v/s Rs 4,046 crore

-- Return on Average Assets (ROAA) at 4.1% in Q1 FY25 v/s 5.0% in Q1 FY24

-- Return On Average Equity (ROAE) at 19.1% in Q1 FY25 v/s 23.3% in Q1 FY24

--Capital Adequacy Ratio at 20.6%; Tier 1 at 16.8%

IndiGo Q1 results live: CEO Pieter Elbers on air traffic

India's international outbound traffic is still very under penetrated and IndiGo will aim to add new flights on its already existing routes before expanding to new destinations

IndiGo Q1 results live: CEO on upcoming Noida airport

The new upcoming Noida airport is positioning itself to capture growth of the aviation market around Delhi-NCR with policies like lower VAT rates and other airport fees

IndiGo Q1 results live: Management commentary

IndiGo CFO Gaurav Negi: A few states that had earlier cut VAT on ATF have reversed their VAT reduction

Context: Goa and Andhra Pradesh in April 2024 increased VAT on jet fuel

IndiGo Q1 results live: Management on Airbus delivery

IndiGo CEO Pieter Elbers: IndiGo will start taking delivery of its Airbus A321XLR aircraft from 2025, and widebody planes from 2027

IndiGo Q1 results live: Airline will wet lease 6 Boeing 737 MAX aircraft from Qatar Airways, says CFO

IndiGo will use Qatar Airways' 737 MAX aircraft for flights to Qatar from India: IndiGo CFO Gaurav Negi:

The GST councils decision to implement a uniform 5% tax rate on imports of aircraft parts and components will help IndiGo manage inflationary pressures: Negi

IndiGo Q1 results live: Airline fleet will grow low double digits in FY25, says CFO

--IndiGo's fleet will grow low double digits in FY25 (11-15%): IndiGo CFO Gaurav Negi

--IndiGo received compensation from International Aero Engines, LLC, an affiliate of Pratt & Whitney for its grounded fleet: Negi

--IndiGo has leased two additional A320ceo on medium term (2-3 year) lease due to grounding of its fleet due to P&W engine issues: Negi

--IndiGo in total has 16 wet lease A320ceo aircraft due to grounding of its fleet due to P&W engine issues: Negi

IndiGo Q1 results live: Airline to add flights between India and Central Asia from August

IndiGo Q1 results live: In the process of launching business class in India's busiest routes, says CEO

-We are in the process of launching a business class product on the country's busiest routes: IndiGo CEO Pieter Elbers

--We are exploring a possibility of launching inflight entertainment on some domestic routes: CEO

Q1 results live: Intellect Design reports earnings

--Net Profit Up 1.8% At Rs 74.7 Cr Vs Rs 73.4 Cr (QoQ)

--Revenue Down 1.2% At Rs 606.3 Cr Vs Rs 613.7 Cr (QoQ)

--EBIT Down 21.8% At Rs 84.1 Cr Vs Rs 107.5 Cr (QoQ)

--Margin At 13.9% Vs 17.5% (QoQ)

Q1 results LIVE: Sanofi India's net profit declines 16%

Sanofi India on July 26 reported a 16 percent decline in net profit at Rs 103.2 crore in the first quarter of FY25, compared to Rs 123 crore in the corresponding period of previous financial year, the pharma firm said in an exchange filing.

The company's revenue was also down 10 percent at Rs 463.5 crore in the quarte under review against Rs 515 crore in the year-ago period.

EBITDA was down 4.8 percent at Rs 115.7 crore in the June quarter compared to Rs 121.5 crore in the year-ago period. Margin came in at 25 percent against 23.6 percent (YoY).

IndiGo Q1 results LIVE: Capacity rose 11% to 36.3 bn

IndiGo Q1 business highlights:

-Capacity increased by 11.1 percent to 36.3 billion

-Passengers increased by 6.2 percent to 27.8 million

-Yield increased by 1.3 percent to Rs 5.24 and load factor reduced by 1.9 pts to 86.7 percent

-Revenue from operations jumped by 17.3 percent to Rs 19570.7 crore

Bandhan Bank Q1 results LIVE: Net profit jumps 47% to Rs 1,063 crore, asset quality healthy

Bandhan Bank on July 26 reported a net profit of Rs 1,063 crore for the quarter ended June 30, 2024, a 47 percent jump on a year-on-year basis from Rs 721 crore last year.

Total deposits of the bank grew 23 percent YoY and stood at Rs 1.33 lakh crore as of end-June 2024. CASA grew by 14 percent YoY sequentially and growth was impacted due to reduction from short term CA balance of previous quarter, the bank said. CASA ratio stands at 33.4 percent.

The lender reported a stable asset quality with gross NPA ratio at 4.23 percent compared to 6.76 percent last year. Net NPA ratio stood at 1.15 percent versus 2.18 percent last year.

Q1 results LIVE: Cholamandalam Investment issues NCD's worth Rs 48,000 cr

Cholamandalam Investment and Finance Company has issued a secured and/or unsecured non-convertible debentures (NCDs) aggregating to Rs 48,000 crore in one or more tranches.

Q1 results LIVE: Cholamandalam Investment's NII rises 40%, GNPA worsens

Cholamandalam Investment and Finance Company's net interest income jumped 40 percent to Rs 2,573 crore in the quarter under review compared to Rs 1,842 crore in the year-ago period, according to the stock filing.

Its gross non-performing assets (NPA) were at 3.62 percent in the June quarter against 3.54 percent in the March quarter, while, the net NPA stood at 2.37 percent in the reported quarter against 2.32 percent in the previous quarter.

Q1 results LIVE: Cholamandalam Investment's net profit rises 30% to Rs 942 crore

Cholamandalam Investment and Finance Company on July 26 reported a 29.8 percent jump in net profit at Rs 942.23 crore in the first quarter of FY25, compared to Rs 726.01 crore in the corresponding period of previous financial year, the company said in an exchange filing.

The net profit declined from Rs 1,058.1 crore posted in the previous quarter, the filing showed.

The shares of the company ended July 26 higher by 3.55 percent at Rs 1,412.05 on NSE.

IndiGo Q1 results live: Net profit falls 11.5% to Rs 2,736 crore on higher fuel costs

InterGlobe Aviation, the operator of low-cost airline IndiGo, on July 26 posted a profit of Rs 2,736 crore for the quarter ended June 2024, down 11.5 percent as compared to a net profit of Rs 3,090.6 crore in the same period a year ago.

Revenue from operations for IndiGo, the largest airline in the country, rose 17.3 percent to Rs 20,249 crore, from the year-ago period when the airline had reported a topline of Rs 16,683.1 crore.

The surge in revenue was led by a sharp rise in domestic travel during the quarter, as demand for domestic travel in India has continued to surge for the past two quarters.

Sequentially, IndiGo had reported a profit of Rs 1,894.8 crore on sales of Rs 17,825.3 crore in Q4 FY24.

IndusInd Bank Q1 results: Net profit rises to Rs 2,152 crore, misses estimates

IndusInd Bank reported first-quarter profit below estimates hurt by higher provisions for loan losses.

The private bank posted a net profit of Rs 2,152 crore for the quarter ended June 30, compared to Rs 2,124 crore a year ago.

A Moneycontrol poll of 7 brokerage estimates had pegged IndusInd Bank's fiscal first quarter net profit at Rs 2,370 crore, and net interest income at Rs 5,533 crore.

Cipla Q1 results live: Profit beats estimates

The company, in a statement, attributed the robust earnings show to strong performance across focussed markets with 154 basis points improvement in its EBITDA margin (earnings before interest, tax, depreciation and amortisation).

Cipla's EBITDA for the first quarter jumped as much as 14 percent on-year to Rs 1,716 crore. The EBITDA margin expanded to 25.6 percent in the April-June quarter from 24.1 percent in the same quarter a year ago.

Cipla Q1 results live: Net profit rises 18% to Rs 1,178 crore, revenue up 6%

Cipla Ltd reported 18 percent rise to Rs 1,178 crore for the quarter ended 30 June, 2024. The pharma major had posted a net profit of Rs 996 crore in the year-ago period.

Revenue from operations increased 6 percent to Rs 6,694 crore from Rs 6,329 crore in the same quarter last fiscal.

Shares of Cipla post results announcement were trading nearly 6 percent higher at Rs 1,585 apiece on BSE during late trading hours.

Equitas SFB Q1 results live: Earnings highlights

--Net interest income jumped 7.8 percent to Rs 801.5 crore.

--Its gross non-performing assets (NPA) came in at 2.73 percent against 2.61 percent in the previous quarter. Net NPA improved at 0.83 percent from 1.17 percent in the March quarter.

--The SFB's provisions were at Rs 304.6 crore in the quarter under review against Rs 106.6 crore in the March quarter. It was at Rs 60 crore in the year-ago period, the company statement said

--Yield on gross advances improved by 13 basis points (bps) to 16.45 percent from the previous year. One basis point is one-hundredth of a percentage point

--Gross advances grew at 18 percent YoY and 2 percent sequentially. Non-MF book grew 21 percent YoY, led by 35 percent growth in housing finance and 27 percent growth in SBL

--Overall deposits registered a robust growth of 35 percent YoY & 4 percent QoQ

-- Retail term deposits grew 47 percent YoY to Rs 16,128 crore

--CASA ratio was stable at 31 percent, NIM stood at 7.97 percent

Q1 results live: Amber Enterprises net profit up 60%

--Net profit up 60% at Rs 74.7 cr vs Rs 46.6 cr (YoY)

- Revenue up 41.1% at Rs 2,401.3 cr vs Rs 1,702 cr (YoY)

- EBITDA up 43.3% at Rs 189.1 cr vs Rs 132 cr (YoY)

- Margin at 7.9% vs 7.8% (YoY)

Equitas SFB Q1 results live: Net falls 86% YoY to Rs 25.8 crore; stock falls nearly 3%

Equitas Small Finance Bank post 86 percent fall in net profit at Rs 26 crore for the quarter ended 30 June, 2024. The lender had posted a profit of Rs 191 crore in the year -ago period.

Net income rose to 11% YoY to Rs 994 crore.

Q1 results 2024 live: Shriram Finance's NII, AUM rises 21%

Shriram Finance Q1 results key highlights:

-Net interest income for Q1FY25 increased by 20.63 percent at Rs 5,354.47 crore compared to Rs 4,438.68 crore in the same period of the previous year.

-The earning per share (basic) increased by 17.82 percent and stands at Rs 52.7 over Rs 44.73 recorded in the same period of the previous year.

-Total assets under management in the quarter under review increased by 20.82 percent and stood at Rs 233,443.63 crore compared to Rs 193,214.67 crore as on 30th June, 2023 and Rs 224,861.98 crores as on 31st March,

2024.

Q1 results 2024 live: Shriram Finance's net profit jumps 18% to Rs 1,981 crore

Shriram Finance on July 26 reported an 18.21 percent increase in standalone net profit at Rs 1,981 crore in the first quarter of FY25, compared to Rs 1,675.44 crore in the corresponding period of previous fiscal year, the company said in an exchange filing.

In the March quarter, the company had posted a net profit of Rs 1,945.87 crore, according to the filing.

The firm's revenue from operations came in at Rs 9,362.79 in the quarter under review, up almost 22 percent over Rs 7,687.95 crore in the year-ago period. In the previous quarter, it stood at Rs 9,077.27 crore.

Following the announcement of the earnings, the stock of the company jumped 2.66 percent to Rs 2,750.2 on NSE at 13:16 pm.

Q1 results 2024 live: Equitas SFB Q1 net falls 86%

Equitas SFB Q1 net falls 86 percent YoY to Rs 25.8 crore versus Rs 191 crore a year ago. Shares are down 4.5 percent on NSE at 13:24 pm.

Q1 results 2024 live: Early signs of improvement in biotech funding, says Piramal Pharma

Piramal Pharma's market outlook:

Early signs of improvement in biotech funding. Need to see few more consistent quarters to establish recovery

• Regulatory changes, supply chain diversification and customer preference for integrated services expected to provide medium-long term opportunities

• Capex investments geared towards seizing these opportunities

• Customer centric approach driving cross selling opportunities across global sites

Continued momentum in order inflows:

• Targeted Business Development efforts resulting in steady inflow of new orders, mainly for commercial manufacturing of on-patent molecules

• Witnessing increase in customer enquires and visits

• Seeing a YoY pick-up in the generic API business

Improvement in EBITDA margin driven by:

• Healthy contribution from innovation related work and differentiated offerings

• Cost optimization and operational excellence initiatives

Q1 results 2024 live: Piramal Pharma's net loss declines to Rs 88.6 crore

Piramal Pharma on July 26 reported a decline in net profit to Rs 88.6 crore in the first quarter of FY25, compared to Rs 98.6 crore loss posted in the corresponding period of the previous financial year, the company said in an exchange filing.

In the previous quarter, the pharma company had posted a net profit of Rs 101.27 crore, according to the filing.

Revenue from operations jumped 11.6 percent to Rs 1,951.14 crore in the quarter under review from Rs 1,748.85 crore posted in the year-ago period.

In the March quarter, the company had reported Rs 2,552.36 crore.

EBITDA rose by 31 percent on-year with EBITDA margin of 11 percent, a YoY improvement of over 170bps against Q1FY24, driven by operating leverage, cost optimization measures and superior revenue mix.

Shriram Finance Q1 preview : Net profit likely to increase 17% in Q1FY25

Shriram Finance, which is scheduled to report its Q1FY25 earnings on July 26, is expected to report a rise in net profit though the net interest margins could drop due to increased cost of borrowings, said analysts. Read more

Ramco Cements Q1 Preview: Weak prices, realisations, stiff competition pour concrete on profit hopes

The cement manufacturer is expected to deliver a subpar performance in Q1FY25 with net profit and revenue declining, primarily due to weaker cement prices because of increase in intense competition and higher regional concentration lately. Read more

IndusInd Bank Q1 preview: NII, profit to grow in double-digits; margin pressure likely

IndusInd Bank is expected to clock double-digit growth in profit, net interest income (NII) during the April-June quarter, led by healthy loan growth, said analysts. The private lender is slated to report Q1FY25 results on July 26. Read more

Power Grid Q1 preview: Strong growth likely on the back of telecom, consultancy biz, capex

Power Grid Corporation of India (PGCIL) will report its Q1FY25 earnings on July 26 and is expected to report a healthy growth in profit after tax (PAT) on the back of strong contributions from its telecom and consultancy business, say brokerages. Read more

Cipla Q1 Preview: Domestic business restructuring may moderate profit growth

Cipla will declare its results for the April-June quarter of FY25 on July 26. While US sales are likely to remain steady, a restructuring of the domestic business is expected to moderate the drugmaker's growth momentum. Read more