The GDP will be lower than Q1 but better than initial projections on account of the volume boost triggered by a reduction in the tax slab of many products. The deflator is expected to be low this quarter too
HUDCO also reported its highest-ever H1 loan disbursements, reaching Rs 25,838 crore, up from Rs 21,699 crore in H1FY25.
Total distribution for the quarter grew by 16% to Rs 355 crore, representing a per-unit distribution of Rs 5.83
The company's topline increased by 26 percent year-on-year to Rs 9,610 crore for the reported quarter
The company has net operating cash surplus generation of Rs 1,137 crore and its net cash position at the end of the quarter was Rs 7,717 crore
During the quarter, ABREL reported sales of Rs 320 crore in its flagship Birla Niyaara project in Worli, Mumbai, as well as sales of around Rs 326 crore at the Birla Evara in Bengaluru's Sarjapur Road
RRVL Q2 consolidated gross revenue was Rs 90,018 crore, up 18.0 per cent Y-o-Y.
The aggregate ROCE for both financial and non-financial listed firms in Q2 is well above the levels seen during the pre-COVID years
In order for a meaningful bull run to resume, India Inc's earnings growth needs to make a comeback or investors should reset their high expectations from corporate India, said market experts
The first half of FY25 witnessed muted earnings growth for India Inc, but MOFSL anticipates a recovery in the second half, fueled by increased government spending, a strong kharif harvest, and rising rural demand.
Grasim Industries is expected to report robust growth in Q2FY25 with analysts projecting a 17-20% YoY rise in revenue and an 18% profit increase, driven by gains in the VSF and chemicals segments.
According to Bloomberg estimates, 11 analysts project a net profit of Rs3,254.50 crore, while 12 analysts forecast net revenue of Rs54,984.10 crore.
Equity markets would remain closed on Friday for Guru Nanak Jayanti.
Ircon International stock fell as the company reported a 18 percent decline in net profit to Rs 206 crore, compared to Rs 250.7 crore in the corresponding period last year.
RVNL provides financial resource mobilisation services to support its projects. The company’s clientele includes Indian Railways.
Tata Steel's EBITDA in the Netherlands for the quarter was Rs 243 crore, against a loss of Rs 1,145 crore last year, but lower than the Rs 453 crore reported in the April-June quarter.
L&T is set to report its Q2FY25 earnings on October 30. A strong order book is likely to sustain revenue growth along with revival in domestic orders inflows after the state election.
Spandana Sphoorty share price fell to a multi-year low after the MFI lender suffered a consolidated loss of Rs 216 crore Q2FY25 due to higher credit cost.
Gillette India stock soared on strong Q2FY25 results. The company announced the appointment of Srividya Srinivasan as the Company’s Chief Financial Officer (CFO) effective November 1.
The first half of the year has been a near-washout for the industry in terms of demand and pricing, due to the near-three-month-long General Election, and the monsoons
Texmaco Rail stock has risen around 18 percent so far this year, outperforming Nifty's returns of 12 percent. In the past 12 months, the counter has gained 68 percent.
DLF shares saw a notable increase, driven by a remarkable 121 percent year-on-year growth in consolidated net profit, reaching Rs 1,387 crore for Q2FY25.
The total income rose to Rs 13,706.31 crore in the quarter under review from Rs 11,684.89 crore a year ago.
Its revenue from operations slipped 7 per cent to Rs 2,560.12 crore during the quarter under review. It was Rs 2,752.77 crore in the corresponding period of the previous fiscal.
IndusInd Bank stock plunged 15 percent in early deals as Q2 earnings disappointed. The counter has fallen around 32 percent so far this year, underperforming Nifty's returns of 12 percent.