June Quarter Earnings

The net profit for June quarter rose by 5.4 percent year-on-year, marking the slowest growth since the June 2023 quarter. Sequentially, net profit dropped by 17 percent, the steepest quarterly fall since June 2020.

IOC Q1 Preview: Net profit likely drop sharply on weak refining margins

Net profit is expected to be Rs 2734.90 crore, down 44% YoY and 80% QoQ, according to seven brokerages polled by Moneycontrol.

JSW Steel Q1 net profit expected to drop amid weak revenue and lower production

JSW Steel's consolidated net profit for the June quarter is expected to be Rs 921 crore, down 29 percent sequentially and 61 percent year-on-year, based on nine brokerage estimates polled by Moneycontrol.

Motilal Oswal raises Nifty50 EPS outlook by 2.5% on robust corporate earnings

Nifty companies reported a 32 percent growth in earnings for the June quarter. The distribution of earnings was notably positive, with 62 percent of its analysed Universe either meeting or exceeding the profit forecasts

Nykaa trades 11% lower on weak Q1 earnings; Kotak, Nomura downgrade stock

Brokerage firm Kotak Institutional Equities have downgraded the stock to add from buy and cut its target price to Rs 165 from Rs 210 a share earlier.

Kirloskar Oil gains 10% after strong June quarter earnings

The firm reported a 53-percent jump in consolidated net profit at Rs 126 crore in the June quarter, up from Rs 82 crore a year ago.

CMS Info Systems trades 8% lower after Rs 1,163-crore block deal

Around 3.2 crore shares or 21.6 percent stake of the company worth Rs 1163 crore changed hands in a bunch of traders

Ratnamani Metals gains 2% after June quarter earnings

Net profit for the June quarter stood at Rs 134.86 crore against Rs 48.02 crore a year ago. Revenue rose 20 percent YoY to Rs 1174.93 crore.

IOCL gains ahead of June quarter earnings

According to a Bloomberg poll of two brokerages, IOCL will report a profit of Rs 7,576.10 crore. Revenue is expected to be around Rs 1.91 trillion, according to six brokerages, while two brokerages peg the EBITDA at Rs 20,698.80 crore

Mixed views from brokerage firms on BPCL following Q1 results

BPCL has delivered earnings that surpassed expectations, primarily driven by substantial over-recoveries in retail fuel marketing and improved refining margins, which can be attributed to the advantages gained from discounted Russian crude.

Jindal Stainless gains on better-than-expected Q1 numbers

The firm's profit rose to Rs 737.6 crore in the June quarter from Rs 507.9 crore in the year-ago period on healthy domestic market growth and a 17 percent increase in exports

Tech Mahindra drops over 4% after Q1 earnings; brokerages maintain cautious approach, here's why

Tech Mahindra saw its revenue fall by 4 percent sequentially to $1600.7 million. Revenue has fallen 4.2 percent in constant currency terms

SRF dips 2% after analysts cut target price on poor June quarter earnings

Brokerage firm Kotak Institutional Equities have cut its earnings estimates for FY24E and FY25E by 18 percent and 17 percent, respectively, driven by downward revisions in chemicals and packaging films business.

Bharat Petroleum may swing with Rs 6,850-cr profit in Q1 as marketing margins widen

According to a Bloomberg poll, BPCL expected to report a profit of Rs 6,849.80 crore, as projected by 7 brokerage firms. The revenue is expected to be around Rs 1.12 trillion, as estimated by 6 brokerage firms.

Jefferies maintains buy rating on Polycab India, raises target price by 17%

The brokerage house has maintained buy rating on the stock and increased its target price by 17 percent to Rs 4835 a share.

Polycab India rises 6% after Q1FY24 net profit beats estimates

The firm reported net profit of Rs 402.81 crore in the June quarter against Rs 222.55 crore a year ago. Despite facing lower commodity prices, the company's revenue for the quarter surged by 42 percent year-on-year.

Rallis India rallies over 6% after Tata Chemicals picks up 4.99% stake

Rallis India Ltd on July 18 gained over 6 percent after a huge block deal. Around 9.7 million shares or 4.99 percent stake of the company changed hands in a bunch of trades, according to Bloomberg. However, details of the buyers and sellers were not known

Brokerages maintain buy rating on Federal Bank post June quarter earnings

Many brokerages maintained their rating and target price on the stock post June quarter earnings

Nuvama predicts rising profits despite slowing top-line growth in June quarter

Nuvama Research expects that net profit for its coverage is expected to increase in June quarter from a year ago, helped by falling input cost and strong performance by oil marketing companies

What's powering IT? 14 stocks clock returns of 100-400% so far in 2021

Bigger deal sizes and higher spending by enterprises on cloud migration and digital technology are likely to sustain the growth of Indian IT companies.

RIL posts profit after tax of Rs 13,806 crore for Q1: Top 10 takeaways from June quarter result

The earnings before interest, taxes, depreciation, and amortization (EBITDA) for the June quarter stood at Rs 27,550 cr, up 27.6 percent on a YoY basis due to robust performances across businesses, led by O2C and Digital Services.

DAILY VOICE | FIIs remain positive on India, but the biggest risk is the potential 3rd wave of Covid-19: Amish Shah of BofA Securities

Our estimates suggest Nifty PAT could register 62.3% YoY growth during the June 2021 quarter largely due to the low base effect of Q1FY21. On a sequential basis, we expect Nifty earnings to remain largely flat, says Shah.

D-Street Talk: Fund manager who manages about $4bn of AUM shares insight on 30 years of reforms, midcaps & advice for Robinhood investors

I think a lot of mutual funds have really, very successfully introduced schemes, which basically allow the Indian investors to participate in opportunities outside of India, says Tyagi.

Kotak Institutional Equities sees 10 stocks doubling PAT on yearly basis

Kotak expects strong growth in earnings for these sectors – banks, capital goods, IT services, metals & mining and upstream oil & gas

DAILY VOICE | Reopening of economy to benefit consumer discretionary, industrials and banking: Vaibhav Sanghavi

Shorter-term corrections are part and parcel of markets. However, while investing, one should be focussed on how the economy and companies are likely to perform from a longer-term perspective, saif Sanghavi.