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The total distributions for the quarter were reported at Rs 353 crore, 18 percent higher than the same quarter last year
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After a standout career spanning China, India and eight global markets, Jawa exits with a focus on Unilever’s leadership continuity and evolving beauty and wellbeing strategy.
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The Tata Group firm's consolidated revenue decreased by 3 percent to Rs 53,178 crore. Despite lower volumes and revenues, price support from safeguard duty and cost trims helped improve profitability
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Xiaomi saw the steepest decline among major brands. Its shipments plunged 42% from a year ago, dragging its market share down to 7.8% from 12.8% in Q1 2024. The brand’s sub-brand Poco also dropped 31.1% in shipments, shrinking its share to 4.3%.
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Revenue came in at $5.1 billion, up 7.5 percent or 8.2 percent in constant currency, form the year-ago period. Subsidiaries Belcan and Thirdera contributed approximately 400 basis points to revenue growth
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Despite weakness on some counts, Irani sounded positive on the Q1FY25 financial results, particularly pre-sales during the quarter. The company's collections during the quarter were slightly lower in Q1 year-on-year.
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The consolidated operating margin for the quarter was 21 percent, lower than the 22 percent reported in the year-ago period, as well as the 29 percent reported in the quarter ending March 31.
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Birlasoft's BFSI sector has shown some positive signs, with revenue growing 8.4 percent in the June quarter
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Shares of the company closed for trading at Rs 219.95, 3.06 percent down on BSE.
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The firm's revenue from operations declined 8 percent to Rs 54,771 crore in Q1FY25 as against Rs 59,490 crore in Q1FY24. Sluggish steel prices remained a drag on the balance sheet.
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Godrej Properties Q1 results: Total income rises 25% to Rs 1,638 crore
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Tata Steel Q1 results highlights: The firm's revenue from operations declined 8 percent to Rs 54,771 crore in Q1FY25 as against Rs 59,490 crore in Q1FY24
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Indian Bank Q1 Results: Bank's net profit rose 41% at Rs 2,403 crore. Its gross NPA is at Rs 20,302 crore.
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Management commentary by almost all the top five IT companies for the North American market has been on the cautiously optimistic side.
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The quarter, largely coinciding with the general elections, was marked by mostly flat demand in steel, with prices also being weak.
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Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a "gradual improvement" in demand trends in the April-June quarter, which was on the expected lines.
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A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year.
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It expects its 2024 net sales to grow by a high-single to low double-digit percentage with adjusted operating income growing by a low double-digit to mid-teens percentage, Novartis said in a statement.
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India’s growth at 7.8 per cent for the first quarter of FY 24 makes India a bright spot in a world straddling between 1 and 3 per cent growth. But all’s not well yet. Rural demand continues to be a concern. Manufacturing story is still subdued. Economists say that growth could slow down in the following quarters.
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The Congress on Friday alleged the GDP numbers released for the first quarter of the current fiscal are overstated by a full percentage point because of the price deflators used.
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Nayar’s comments come at a time when Nykaa has seen a slew of top-level exits. Since April, six senior executives, including the company's chief marketing officer, Shalini Raghavan, among others have quit the company.
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The surge in profit came even as CarTrade’s revenues increased marginally by about 5 percent to Rs 86.1 crore in the June quarter, up from Rs 82.7 crore in the same period last year.
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Consolidated revenue from operations for the Tata Group company remained almost flat with an increase of only 1.5 percent at Rs 14,982.55 crore compared to Rs 14,752.69 crore during the same period last year
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CIL's total expenses in the first quarter increased 11.5 percent to Rs 26,745.68 crore from Rs 23,985.31 crore in the corresponding quarter of the previous fiscal.
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The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter at Rs 6,109 crore declined 29.2 percent on-year from Rs 8,640 crore.
