Page 2 - Q1 Results

West Coast Paper hits new high on healthy outlook; stock up 50% in a month

In the past six months, the stock price of WCPM has more-than-doubled or soared 137 per cent, as against 3 per cent rise in the benchmark Sensex.

ReNew Power reports Rs 10.4 crore loss in April-June quarter of FY23

ReNew Power on Friday reported a loss of Rs 10.4 crore in April-June quarter of FY23 due to certain adjustment of one-time expense. "Net loss for Q1 FY23 (April-June 2022) was Rs 104 million (USD 1 million or Rs 10.4 crore) compared to a net profit of Rs 425 million (USD 5 million or Rs 42.5 crore) for Q1 FY22 (April-June 2021)," a company statement said. The company explained that the net loss includes a one-time expense for debt premium and the impact of a reclassification of a hedge loss from the balance sheet of Rs 2,531 million (USD 32 million or Rs 253.1 crore) for the refinancing of dollar bonds with lower cost rupee debt. Total income (or total revenue) for Q1 FY23 was Rs 25,007 million (USD 316 million or Rs 2,500.7 crore), an increase of 48.8 per cent over Q1 FY22. The translation of Indian rupees into US dollars has been made at Rs 79.02 to USD 1.00, it stated. As of June 30, 2022, the company's portfolio consisted of 12.9 GWs, a 30.3 per cent increase year-on-year, of

IRCTC gains 3% on data monetisation plan; analysts see more upside

The Indian Railways ticketing arm aims to raise up to Rs 1,000 crore through this exercise; The stock is now within striking distance of its 200-DMA

Pharma firm Divi's FY23 growth shaped by high base, near-term weakness

Brokerages give add, accumulate or buy ratings given the company's growth and track record

Titan, Kalyan: Jewellery stocks to dazzle in festive season, say analysts

Analysts see more upside for jewellery stocks as festive demand kicks in post the correction of gold prices

Adani Ent m-cap hits Rs 3.5 trillion, Adani Power m-cap set to surpass NTPC

AEL, Adani Power, Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Wilmar and Adani Ports and SEZ surged up to 4 per cent, as against 0.18 per cent decline in the S&P BSE Sensex.

Apollo Tyres' grip remains strong in Q1 on easing commodity prices

Near term volume outlook is muted, though, given seasonality and macro EU concerns

Most economists see GDP growing at slower pace in Q1 than MPC projection

At the MPC's estimate of 16.2%, the economy would have grown 6.1% over the corresponding quarter of 2019-20

Trent enters top-100 most-valued firms' club; m-cap crosses Rs 50,000 crore

In the past one week, the stock has rallied 11 per cent after the company reported strong earnings for Q1FY23 with industry best revenue growth and strong beat on almost all parameters

Hero MotoCorp: Q1 disappoints, but there's hope of a better second half

Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively

Forbes & Co zooms 20% on special dividend cheer; stock up 53% in 3 days

The company has fixed Thursday, August 25, 2022 as the 'Record Date' for the purpose of ascertaining the shareholders who shall be eligible for receipt of special interim dividend.

Sensex jumps 379 pts, Nifty tops 17,800; auto stocks in fast lane, PSBs dip

CLOSING BELL: Maruti Suzuki, M&M, Asian Paints, HUL, Ultratech Cement, Tech M, and HDFC twins were the top gainers on the Sensex index

TMS Ep238: Development goal, Rakesh Jhunjhunwala, market, letter of comfort

How can India become a developed nation in 25 years? How did Rakesh Jhunjhunwala make his billions? Did inflation hurt India Inc more than expected in Q1? What is a letter of comfort? Answers here

Did inflation hurt India Inc more than what markets expected in Q1?

Companies hiked prices to cushion their margin from inflation. But it hit the volumes in the rural markets. With the commodity prices cooling off, will the upcoming quarters be better for India Inc?

Financials lead earnings in Q1; metal & mining, IT firms among laggards

BFSI companies together accounted for 48 per cent of the incremental growth in corporate profits on a year-on-year (YoY) basis in the quarter

Top Headlines: India Inc's profits fall; the Big Bull bows out, and more

Corporate earnings grew in double digits during the April-June 2022 (Q1FY23) quarter but the momentum waned

Q1 results review: Retailers post their best-ever quarterly sales

Aditya Birla Fashion and Retail (ABFRL), Page Industries, Bata, TCNS Clothing Company, Trent, and Reliance Retail all saw their revenue hit all-time highs in the first quarter

India Inc's profits fall off record high in April-June quarter

Earnings lowest in four quarters; sales surge

Saudi Aramco profit surges to another record on bumper oil market

Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production

Russia-backed refiner Nayara Energy posts record profit at $447.5 mn

NEW DELHI (Reuters) - India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.