Tea prices makes up a significant portion of Tata Consumer's revenue and had been surging since 2024 amid adverse weather conditions and supply snarls. The owner of Tata Tea, expects the prices to move downward, with Q2 being the transition period.
L&T said that private sector investments are showing signs of a pickup, with orders from real estate, data centres, hospitals, and airport projects picking up in Q2
IOC's revenue from operations stood at Rs 2.07 lakh crore during the July-September quarter, up 4 percent on year, against Rs 1.99 lakh crore posted in the same period last year.
India's second-largest IT services provider Infosys has reported its September quarter results. Watch experts Mayuresh Joshi, Director-Research at MarketSmith India and Ashutosh Mishra, Head-Research, Institutional Equity, Ashika Stock Broking decode the numbers in a chat with Nandita Khemka.
Collections and sales growth reflect continued buyer demand, steady execution and financial discipline despite a restrained launch pipeline
What's more, these companies remain optimistic about sustained growth, supported by easing inflation, Goods and Services Tax rate cuts and a gradual pickup in rural and discretionary spending.
Zomato, Swiggy's old rival, had posted a revenue of Rs 4,799 crore and had a profit after tax of Rs 272 crore during the September quarter.
Shree Cement's consolidated revenue fell by more than 15 percent year-on-year to Rs 4,054.17 crore, while its expenses declined by a marginal 3.5 percent during the quarter
Keystone, which trades as Rustomjee, reported collections of Rs 700 crore during the quarter, while its collections declined marginally to Rs 552 crore
Public sector giants NTPC and Coal India showed the largest discrepancies between actual and estimated financial performance. NTPC reported a net profit of Rs 2,655 crore, falling short of the projected Rs 5,035 crore, with revenue at Rs 44,696 crore versus an expected Rs 47,007 crore, according to Bloomberg
TeamLease is looking toward the recent U.S. election outcome as a potential driver of increased IT spending.
Operating profit margins were at 22.03% in September qtr, the slowest growth in six quarters, compared to 23.05% in June qtr, shows data
Ambuja Cements Q2 FY25 Results Update: As has been the case with other cement players , analysts had expected Ambuja Cements to report lukewarm growth in its revenue and a sharp dip in its bottomline.
Lodha reported a consolidated income of around Rs 2,630 crore, higher by 50 percent YoY. The company also reported growth in its EBITDA, as well as in pre-sales
Gaurav Pandey, MD and CEO, Godrej Properties, told investors that price growth is expected in key NCR markets such as Gurugram and Noida.
The Adani Group firm's total income rose 30.4 percent to Rs 3,376 crore in Q2FY25 as against Rs 2,589 crore in the year-ago period
UltraTech Cement CFO Atul Daga said while the company has received one set of queries about the acquisition from the Competition Commission of India, the queries are regular in nature.
AS Lakshminarayanan, MD and CEO, said the company has kicked off asset monetisation process and reviewing its subsidiaries to achieve long-term profitability growth
Reliance Retail added 464 new stores, bringing the total store count to 18,946. As a result, the company now operates across 79.4 million square feet of retail space and recorded over 297 million footfalls in Q2 FY25, marking a 14% YoY increase.
Brokerages expect Wipro to perform better than its guided range of -1 percent to +1 percent, when the company reports its September quarter earnings on October 17
TCS’ cost of equipment and software licences went up 600 percent to Rs 3,230 crore in the September quarter from Rs 462 crore in the year-ago period
Nearly all brokerage houses are cautious on the cement sector, as price growth has almost stalled and demand is yet to recover from the impact of the General Elections, delayed allocations to major infrastructure projects, and heavy monsoon rains, especially in August.
In a regulatory filing, Keystone Realtors reported pre-sales of Rs 700 crore in the second quarter of the 2024-25 fiscal as compared to Rs 306 crore in the year-ago period.
The decrease of 3.4 percent "mainly reflects the impact of lower crude oil volumes sold and weakening refining margins", the company said in a statement posted to the Saudi stock exchange.
CEO Kumar said the levers to compete in the market are also powered by automation and AI, which is one of the reasons why the company is gaining wallet share from peers.