-The rupee closed flat at 83.72 against the US dollar.
-The local currency fell to a record low of 83.74 during the day.
-It closed at 83.73 on Monday.
Source: Bloomberg
Net profit down 45.4% at Rs 2,643 crore vs Rs 4,838 crore
Revenue down 1.8% at Rs 1.93 lakh crore vs Rs 1.97 lakh crore
EBITDA down 60.5% at Rs 8,635 crore vs Rs 21,875 crore
Margin down at 4.5% vs 11%
Net profit up 68.7% at Rs 116 crore vs Rs 69 crore
Revenue up 26.7% at Rs 1,885 crore vs Rs 1,486 crore
EBITDA up 38% at Rs 249 crore vs Rs 181 crore
Margin at 13.2% vs 12.1%
Net profit down 2.5% at Rs 115 crore vs Rs 118 crore
Revenue down 0.5% at Rs 1,197 crore vs Rs 1,203 crore
EBITDA up 14.3% at Rs 194 crore vs Rs 169 crore
Margin at 16.2% vs 14.1%
Net profit rose 36.8% to Rs 276 crore vs Rs 202 crore
Revenue rose 8.4% to Rs 3,612 crore vs Rs 3,333 crore
Ebitda rose 18% to Rs 488 crore vs Rs 414 crore
Margin at 13.5% vs 12.4%
Revenue down 0.4% at Rs 2,309 crore vs Rs 2,318 crore
EBITDA up 61.5% at Rs 348 crore vs Rs 215 crore
Margin at 15.1% vs 9.3%
Net profit up 75.5% at Rs 240 crore vs Rs 137 crore
Revenue up 64% at Rs 141 crore vs Rs 86 crore
EBITDA at Rs 22 crore vs Rs 5.5 crore
Margin at 15.3% vs 6.3%
Net profit up 69.4% at Rs 23 crore vs Rs 14 crore
Revenue up 9.8% at Rs 718 crore vs Rs 654 crore
EBITDA up 2.3% at Rs 124 crore vs Rs 121 crore
Net profit down 67.1% at Rs 8.2 crore vs Rs 25 crore
Margin at 17.3% vs 18.6%
SC upholds Madhya Pradesh HC order for awarding Rs 161 crore claim in favour of company's arm
Madhya Pradesh HC ruled in favour of Daawat Food in Dec 2023 regarding fire incident at plant
Source: Exchange Filing
Revenue up 6.5% at Rs 4,011 crore vs Rs 3,767 crore
EBITDA up 8.5% at Rs 376 crore vs Rs 346 crore
Margin at 9.4% vs 9.2%
Net profit up2.6% at Rs 203 crore vs Rs 197 crore
Revenue up 23% at Rs 2,417 crore vs Rs 1,966 crore
EBITDA up 34.1% at Rs 719 crore vs Rs 536 crore
Margin at 29.7% vs 27.3%
Net profit up 38.2% at Rs 557 crore vs Rs 403 crore
Net profit at Rs 135 crore vs Rs 48 crore
Revenue up 19.7% at Rs 1,180 crore vs Rs 986 crore
EBITDA up 89.5% at Rs 259 crore vs Rs 137 crore
Margin at 22% vs 13.9%
EBIT margin at 10.6% vs 10.9%
EBIT up 4.4% at Rs 190 crore vs Rs 182 crore
Revenue up 6.9% at Rs 1,784 crore vs Rs 1,669 crore
Net profit up 1.3%at Rs 135 crore vs Rs 134 crore
Raises FY25 revenue growth guidance to 11.5-13.5%
Will be a two-in-one mobile QR payment device and card payments
Also launches customisable soundbox
Source: Exchange filing
Arm gets construction orders worth Rs 444 crore from Hindustan Steelworks Construction
Source: Exchange Filing
Signs three-year contract with Follett Higher Education for cloud-based IT infra
Source: Exchange Filing
Revolt Motors gets approval for EV subsidy from govt
Source: Exchange Filing
Nuvama
Maintains buy and raised target to Rs 3,745 (earlier Rs. 3,305)
Started to gradually benefit from the likely rural recovery
Anticipates balanced growth in FY25 versus pricing led in FY24
Citi Research
Retains sell with target of Rs. 2850
Estimate 6% volume growth for the overall company
Believes that while there is opportunity for growth/consumption and Colgate India seems to be investing behind this
Estimate moderation in margin expansion going ahead
Market breadth was skewed in the favour of buyers. Around 1,970 stocks rose, 897 fell, and 121 remained unchanged on the BSE.
Notice sent for copying data, breach of license agreement.
MapMyIndia alleges Ola Maps used its data for its own products
Co-mingling and reverse engineering of MapMyIndia's product was prohibited in license agreement
MapMyIndia says Ola's assertion that Ola Maps has been developed solely through open data is factually incorrect
Source: Copy of notice seen by NDTV Profit
At pre-open, the NSE Nifty 50 was 0.01% higher at 24,839.40, and the S&P BSE Sensex was 0.01% lower at 81.349.28.
The yield on the 10-year bond opened flat at 6.92%.
It closed at 6.92% on Monday.
Source: Cogencis
The local currency opened flat at 83.73 against the US dollar.
It closed at 83.73 on Monday.
Source: Bloomberg
Signs MoU to enhance safety & efficiency of railroads in India, adjacent markets
Source: Exchange Filing
Retains 'Buy'; target Rs 370 implying 19% upside
Order book of Rs 76,700 crore gives revenue visibility from FY24-27
Rs 25,000 crore revenue guidance maintained for FY25
Raise FY25-27 EPS estimates by 2-3% to reflect improvement
Exports should rise to 9% of sales
Values it at 45 times Sept 26 PE
Downgrades to 'Neutral' rating from 'Buy'
Price target of Rs 340 (+5.9% upside)
145% stock rally in past 1 year largely led by 70% higher order intake
Expects ~19% top-line/EBITDA CAGRs (FY24-27E) and 12-month-forward PE of 48x
Valuation leaves little room for a positive surprise
Believes stock medium-term growth potential is priced in
Believes HAL presents better new order growth potential in next 1-2 years
Nuvama maintains Hold on UltraTech Cement at Rs 11,800 target (0.8% downside)
India Cements acquisition to cement company's leadership in south India
ICL acquisition, Kesoram cement assets to strengthen firm's positions in the south
Acquisitions to potentially push capacity to 200 MT by FY26- end
Access to limestone reserves positive given high acquisition price, capex needed to life efficiency of older plants
Kesoram, ICL acquisitions likely to push UTCL’s capacity share in south beyond 20%
Maintains neutral view on cement sector on weak pricing, run up in stocks
Maintains 'Reduce' at Rs 236 target (31% downside)
Standalone profit down 2% YoY on higher dividend income, regulatory gains in base quarter
Capex guidance for FY25/26/27 stands at Rs 18,000/25,000/30,000 crore
Expects only 6% EPS CAGR over FY24-26 despite strong capex guidance
Lower EPS CAGR as high voltage direct current projects add to earnings after 2.5 years of build
Believe company has ran out of near term triggers pertaining to order intake
Find valuations expensive at P/BV of 3.3 times
To watch out for in 12-18 months: Share in TBCB ordering, ROE in new TBCB wins
Maintains 'Buy' at Rs 3,000 target (14.9% upside)
Q1 Ebitda came 2% below brokerage estimates
Lower realizations offset benefits of lower costs
ACC to benefit from cost efficiencies targeted by Ambuja group
Cut FY25/26/27 Ebitda estimates by 22%/4%/2%
Maintains 'Buy' at Rs 467 target (18.4% upside)
Company remains top pick in Electric Utilities
Q1 net profit grew 11% YoY to Rs 4,500 crore
FY25 cons. capex guidance at Rs 35,000 crore
Company to foray into nuclear energy generation via JV
First nuclear project of 2.8GW planned at capex of Rs 170-180 million per MW
Slow progress on renewable capacity addition on operational issues
Company to add 3GW/5GW/8GW capacity in FY25/FY26/FY27
Maintains 'Buy' at Rs 420 target (9.9% upside)
Q1 EBITDA of Rs 1600 cr was well below the Rs 2500 cr estimate
Decline in gross refining margins were as expected
Results miss primarily on LPG under recovery of Rs 2500 crore
Lower HPCL's FY25/26 GRM forecasts to $7.5/8.5
Lower FY25 blended petrol/diesel marketing margin to Rs 1.5/ltr
FY25/26 EBITDA estimates change by -17%/-5%
Tata Steel Acquires Stake Worth Rs 7,324 Crore In T Steel Holdings
Akums Drugs and Pharmaceuticals: The company will offer its shares for bidding on Tuesday. The price band is set from Rs 646 to Rs 679 per share. The Rs 1,856.74 crore IPO is a combination of a fresh issue of Rs 680 crore and the rest of the offer for sale. The company has raised Rs 828 crore from anchor investors.
JTL Industries: BNP Paribas Financial Markets bought 11 lakh shares (0.62%) at Rs 213 apiece, while Morgan Stanley Asia (Singapore) Pte. sold 11 lakh shares (0.62%) at Rs 213 apiece.
Jyoti CNC Automation: Paresh Mohanlal Parekh sold 29.7 lakh shares (1.3%) at Rs 1,123 apiece and Vijay Mohanlal Parekh sold 25.76 lakh shares (1.13%) at Rs 1,123 apiece. On the other hand, Morgan Stanley Asia Singapore Pte bought 17.33 lakh shares (0.75%) at Rs 1123 apiece, Axis Midcap Fund bought 9.43 lakh shares (0.41%) and among others at Rs 1123 apiece.
Jyoti CNC Automation Shareholders Sell Stake Worth Rs 622 Crore
RVNL Wins Rs 739-Crore Project From Himachal Pradesh Electricity Board
ACC Q1 Results: Revenue At Rs 5,155 Crore, Beats Estimates
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