Tata Steel Q1 results highlights: Consolidated net profit rises 51% to Rs 960 crore, misses estimate

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Tata Steel Q1 results live: Consolidated net profit rises 51% to Rs 960 crore, misses estimate

Metals major Tata Steel Ltd reported 51 percent jump in consolidated net profit at Rs 960 crore for the quarter ended June 30, 2024. It reported consolidated net profit of Rs 634 crore in the year-ago period.

The steelmaker's net profit missed analysts' expectations of Rs 1,025 crore, according to a poll by Moneycontrol, collated from estimates by ten brokerage houses.

The firm's revenue from operations declined 8 percent to Rs 54,771 crore in Q1FY25 as against Rs 59,490 crore in Q1FY24.

Mankind Pharma Q1 results live: Net profit rises 10% YoY to Rs 543 crore

Mankind Pharma registered a 10 per cent jump in net profit to Rs 543 crore year-on-year basis. In the same period last year, the company had posted a net profit of Rs 494 crore.

India's fourth biggest pharma company said that the revenue from operations also witnessed a 12 per cent spike in the same period YoY to Rs 2,893 crore. In comparison, the last year's numbers stood at Rs 2,579 crore. While the domestic revenue rose 9% YoY to Rs 2,634 crore, the exports posted a staggering 62% YoY jump to Rs 259 crore.

Talking about the quarterly performance, Mankind Pharma's MD Rajeev Juneja said that, “we are now the second largest pharma company by volume with an increase in market share of 20 BPS YoY to 6.1."

Coal India Q1 results LIVE: Net profit rises 4% to Rs 10,959 crore, revenue up 1%

Coal India on July 31 reported 4 percent rise in consolidated net profit at Rs 10,959 crore for the quarter ended June 30, 2024. It reported consolidated net profit of Rs 10,528 crore in the year- ago period.

The PSU firm's revenue from operations rose 1.3 percent to Rs 36,465 crore in Q1FY25 as against Rs 35,983 crore in the year-ago period.

On July 31, Coal India's shares on NSE closed trading 0.6 percent higher at Rs 522.45 apiece.

Bank of Baroda Q1 results live: NII up 5.5% to Rs 11,600 crore

The lender's net interest income in the same quarter last fiscal was Rs  10,996.7 crore

Bank of Baroda Q1 results live: Net profit rises 9.5% to Rs 4,458 crore

PSU lender Bank of Baroda on July 31 reported 9.5 percent rise in standalone net profit at Rs 4,458 crore for the quarter ended June 30, 2024. It reported standalone net profit of Rs 4,070 crore in the year-ago period.

On July 31, the bank's shares on BSE closed 0.7 percent lower at Rs 254.50 apiece.

Maruti Suzuki Q1 results live: Key highlights

Maruti sold a total of 521,868 vehicles during the quarter, higher by 4.8% compared to the same period previous year.

In the Quarter, the sales in the domestic market stood at 451,308 units, up by 3.8% over that in Q1FY24.

The export sales were at 70,560 units, a growth of 11.6% over Q1FY24.

During the Quarter, the Company registered net sales of Rs 33875.3 crore as against Rs 30845.2 crore in Quarter 1 of FY 2023-24.

The net profit for the Quarter rose to Rs 3649.9 crore from Rs 2,485.1 crore in Q1FY24, a growth of 46.9%. This was broadly on account of cost reduction efforts, favourable commodity prices and foreign exchange.

Maruti Suzuki Q1 results live: Net profit jumps 47% to Rs 3,650 crore, shares gain

Maruti Suzuki India Ltd reported its Q1 FY25 net profit grew 47 percent on-year to Rs 3,650 crore from Rs 2,485, beating market expectations. India's largest carmaker's April-June revenue rose 10 percent to Rs 35,531 crore from Rs 32,327 crore in the same quarter a year ago.

A Moneycontrol poll of eight brokerage estimates pegged Maruti Suzuki's fiscal first quarter net profit at Rs 3,235 crore and revenue at Rs 34,566 crore.

Shares rose 3.67 percent to Rs 13,346.05 on NSE, jumping after the results announcement.

Maruti Suzuki saw an inventory gain of Rs 895 crore during the quarter, against just about Rs 100 crore a year ago, showed the financial results.

Adani Power Q1 results live: Net profit falls 55% to Rs 3,913 crore, revenue up 36%

Power generation company Adani Power has reported 55 percent fall on a year-on-year basis in its net profit at Rs 3,900 crore, compared to Rs 8,759 crore in the same period last year.

The company's revenue came in at Rs 14,717 crore, an increase of 29 percent YoY from Rs 11,005 crore in the previous year's corresponding quarter.

Adani Power is a private thermal power producer, with a thermal power capacity of 15.25 gigawatts (Gw). It also operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat.

On July 30, the stock closed nearly 2 percent higher at Rs 730.00 on the National Stock Exchange (NSE). Currently, no analysts cover the stock, resulting in zero buy, hold, or sell ratings. The market capitalization of the stock is Rs 2.8 lakh crore.

Q1 Results Live: E-commerce delivered robust revenue for 4th consecutive quarter, says Promeet Ghosh, MD & CEO, Crompton Greaves

Promeet Ghosh, MD & CEO of Crompton Greaves Consumer Electricals on the Q1 earnings said, “Led by our Crompton 2.0 strategy, we are pleased to deliver strong results across categories through execution excellence, new product launches and GTM expansion. Specifically, seasonal products such as Fans & Air Coolers grew significantly during the quarter supported by brand investments and operational optimization. We secured several large lighting projects contributing to nation building. Our focus continues on alternate channels with E-commerce delivering a robust revenue for the 4th consecutive quarter.”

Q1 Results Live: Crompton Greaves net profit jumps 25% to Rs 152 crore

Crompton Greaves Consumer Electricals on July 31 reported a 25 percent jump in net profit at Rs 152.35 crore in the first quarter of FY25, compared to Rs 122.03 crore in the corresponding period of previous financial year, the company said in an exchange filing.

It had reported a net profit of Rs 133.43 crore in the March quarter.

The revenue from operations also jumped 14 percent to Rs 2,137.69 crore in the quarter under review from Rs 1,876.85 crore in the year-ago period.

In the previous quarter, the revenue stood at Rs 1,961 crore.

Q1 Results Live: JBM Auto's EBITDA up 21.2%

JBM Auto's key highlights from Q1FY25 earnings:

-Firm's net profit jumped 10.6 percent to Rs 33.4 crore in Q1FY25 against Rs 30 crore in the year-ago period

-Revenue rose 21 percent to Rs 1,144.5 crore in Q1FY25 over Rs 946.2 crore in Q1FY24

-EBITDA jumped 21.2 percent to Rs 140.1 crore compared to Rs 115.6 crore in the year-ago period

-Margin was flat at 12.2 percent (YoY)

Q1 Results Live: Expect cannibalisation between Thar and Thar Roxx, says M&M executive

There will be some amount of cannibalisation between Thar and Thar Roxx (5 door version) and we have factored that in. Planning to produce 4,000 units of Thar Roxx, says M&M ED-Auto and FES, Rajesh Jejurikar.

Q1 Results Live: Global slowdown won't impact M&M's long-term EV plans

Rajesh Jejurikar, M&M executive director, Auto and FES, on July 31 said the global slowdown in the EV industry will not impact long-term EV rollout plans of the company.

Q1 Results Live: Open to expand our existing partnership with VW Group on EVs, says M&M

Mahindra & Mahindra on July 31 said the automaker is open to expand existing partnership with VW Group on EVs.

Moreover, there won't be any financial impact of price cuts on the automaker's products, said M&M ED-Auto and FES, Rajesh Jejurikar.

Q1 Results Live: M&M says no plans for hybrid cars yet

We have no immediate plans to come out with hybrid cars. Will consider it only if there is consumer demand, said Rajesh Jejurikar, M&M executive director for auto and FES.

Q1 Results Live: JBM Auto net profit rises 10.6% to Rs 33.4 crore, revenue up 21%

Q1 Results Live: Indian Metals net profit declines 2.7%; revenue down by 5.6%

Indian Metals reports a 2.7% decline in net profit for Q1 at Rs 113 crore compared to Rs 110 crore year-over-year. Revenue is down by 5.6%, reaching Rs 662.3 crore versus Rs 701.7 crore. EBITDA decreased by 5%, amounting to Rs 156.5 crore, down from Rs 164.7 crore. Despite the declines, the margin slightly improved to 23.6% from 23.5% year-over-year.

Q1 Results Live: Birlasoft reports 16.6% decline in net profit QoQ

Birlasoft reported a 16.6% decline in net profit for Q1, falling to Rs 150.2 crore from Rs 180 crore in the previous quarter. Revenue decreased by 2.6%, totaling Rs 1,327.4 crore compared to Rs 1,362.5 crore. EBIT also dropped by 13%, amounting to Rs 174.5 crore versus Rs 200.6 crore last quarter. The margin narrowed to 13.2% from 14.7% quarter-over-quarter.

Q1 Results Live: M&M market share rises across both the tractor and SUV segments

M&M says the company saw increase in market share across both the tractor and SUV segments. The company's tractor market share has risen by 180 basis points year-over-year, reaching 44.7%.

Q1 Results Live: M&M farm equipment revenue grew 9%

Farm Equipment revenue grew 9% to Rs 8,144 crore, up from Rs 7,456 crore year-over-year. Despite a 5% decline in net profit to Rs 2,612 crore from Rs 2,759 crore, the EBIT margin for the farm equipment segment improved to 18.5% from 17.5% year-over-year.

Q1 Results Live: M&M reported a 5% decline in net profit

Mahindra & Mahindra (M&M) reported a 5% decline in net profit, totaling Rs 2,612 crore compared to Rs 2,759 crore last year. Revenue saw a 12% increase, reaching Rs 27,039 crore, up from Rs 24,138 crore. EBITDA surged by 22%, standing at Rs 4,023 crore versus Rs 3,286 crore a year ago. The margin improved to 14.9% from 13.6% year-over-year.

Mahindra & Mahindra (M&M) unveils Q1 financial results

Mahindra & Mahindra (M&M) has unveiled its Q1 financial results, reporting a net profit of Rs 2,612 crore and revenues of Rs 27,039 crore. The automotive segment has seen a robust 13% increase in revenue, reaching Rs 18,947 crore compared to Rs 16,754 crore in the same period last year. Additionally, the EBIT margin for the auto segment has improved to 9.5% from 7.7% year-over-year.

Q1 Results Live: BHEL Q1 net loss widens to Rs 211.4 cr YoY

Net loss at Rs 211.4 cr Vs loss of Rs 205 cr (YoY)

Revenue up 9.6% at Rs 5,485 cr vs Rs 5,003 cr (YoY)

EBITDA loss at Rs 169 cr Vs EBITDA loss of Rs 179 cr (YoY)

Q1 Results Live: Ambuja Cements provides solid guidance

Ambuja Cements targets Penna deal closure by Q2 FY25, eyes 140 MTPA capacity by FY28

Q1 Results Live: Godrej Props reveals June quarter numbers

Area Sold: Up 10% QoQ, 299% YoY at 8.99 msf

Customer Collections: Down 36% QoQ, Up 54% YoY at Rs 3,012 Cr

Projects Delivered: 2.7 msf across 3 cities

Net Operating Cashflow: Rs 988 Cr, Up 737% YoY

Booking Value: Down 9% QoQ, Up 283% YoY at Rs 8,637 Cr

New Projects: 2, Expected Booking Value Rs 3,000 Cr

Godrej Props Q1 Results Live: Revenue falls 21% YOY, Net profit up, EBITDA loss narrows

Net Profit at Rs 520 crore vs Rs 125 crore (YoY)

Revenue down 21.1% at Rs 739 crore vs Rs 936 crore (YoY)

EBITDA loss off Rs 125.7 Cr vs EBITDA loss of Rs 149 Cr (YoY)

Q1 Results Live: Brokerage optimistic about Ambuja Cements' future prospects

Earlier this month, brokerage firm Nomura double upgraded Ambuja Cements to a 'buy' rating, citing the company's aggressive capacity expansion. Nomura also raised its price target for Ambuja's stock from Rs 500 to Rs 780, a significant 56% increase, due to Ambuja's entry into new markets and industry-leading volume growth.

Q1 Results Live: Adani Power eyes expansion and technological upgrades to capitalize on rising demand and government fuel mandates

Adani Power expects to benefit from India's rising power demand and government fuel supply mandates for thermal plants. The firm outlined its growth strategy, including brownfield expansions, adoption of ultra-supercritical technology, and inorganic growth initiatives. India's power demand is projected to reach 260 gigawatts this summer, with thermal power continuing to play a key role as renewables expand. The government has increased projections for new thermal installations from 50 to over 80 gigawatts. Adani Power plans to boost its generation capacity to over 24 gigawatts by capitalizing on growth opportunities and leveraging its core strengths to enhance stakeholder value.

Q1 Results Live: Strong volumes, SUV mix may drive robust earnings, margin growth for Maruti Suzuki

According to a Moneycontrol poll, the Wagon-R maker is anticipated to report a 7% year-on-year revenue increase, reaching Rs 34,566 crore. Net profit is projected to surge 30% to Rs 3,235 crore, up from Rs 2,485 crore in the same quarter last year. The company sold 5.22 lakh vehicles from April to June, marking a 5% increase year-on-year. Growth was driven by a 29% rise in SUV sales and an 11% increase in exports. Maruti's shift from compact cars to a focus on SUVs has significantly contributed to its growth, with models like the Jimny, Grand Vitara, and Fronx expected to drive strong performance in the coming quarters.

Q1 Results Live: Factors at play for M&M ahead of its earnings

An uptick in volumes, strong performance in the auto segment, and a recovery in the tractor sector are expected to drive M&M’s sales to double-digit growth rates.

According to a Moneycontrol poll, the manufacturer of the Thar is projected to achieve a 17% year-on-year revenue increase, reaching Rs 28,166 crore. However, net profit is forecasted to fall 2% to Rs 2,678 crore, down from Rs 2,737 crore in the same quarter last year.

Q1 Results Live: A look into Adani Power's last earnings results

In Q4, the firm's net profit fell 48% year-over-year to Rs 2,737 crore, despite a rise in total income to Rs 13,881.52 crore from Rs 10,795.32 crore. Expenses for the quarter increased to Rs 10,323.58 crore from Rs 9,897.60 crore. Revenue from operations grew 30% to Rs 13,363.69 crore, while FY24 revenue surged 40% to Rs 60,281 crore. For FY24, net profit nearly doubled to Rs 20,828.79 crore from Rs 10,726.64 crore in FY23.

Q1 Results Live: How Coal India stands ahead of its quarterly results today

During the June quarter, Coal India's production increased by 7.9% year-on-year to 189.3 million tons, while dispatches rose by 5.2% year-on-year to 196.6 million tons. Despite lower e-auction premiums, higher overall volumes may partially mitigate revenue losses. The company aims to sell 15% to 20% of its total volume through e-auction, with the remaining 80% secured via the Fuel Supply Agreement (FSA) route, thereby reducing its dependence on e-auction premiums.

Q1 Results Live: Coal India might see net profit decline

Coal India is expected to report a decline in net profit for the April-June quarter, primarily driven by reduced eAuction premiums resulting from lower global coal prices and sufficient domestic production.

Q1 Results Live: What analysts estimate for Tata Steel

According to 10 average brokerage estimates polled by Moneycontrol, Tata Steel's EBITDA for the June quarter is expected to be Rs 6,318 crore, up 22% year-on-year but down 4% quarter-on-quarter due to lower sales volumes in India. Revenue is projected to decline 1.6% sequentially but increase 3% year-on-year to Rs 57,728 crore. Net profit is anticipated to rise 262% annually to Rs 1,025 crore from Rs 283 crore, but is likely to drop 15% quarter-on-quarter.

Q1 Results Live: How Tata Steel Stands to perform

Tata Steel Ltd is anticipated to report a year-on-year increase in operating profit for the June quarter, fueled by improved performance in its standalone Indian operations and reduced losses in Europe. The company's bottom line has quadrupled, bolstered by the enhanced operating profit.