Bharti Airtel reported encouraging results for the April-June quarter (Q1) of 2023-24 financial year (FY24) with consolidated revenues and earnings before interest, taxes, depreciation, and amortization (Ebitda) of Rs 37,400 crore and Rs 19,750 crore, respectively. The revenues were up 4 per cent quarter-on-quarter (Q-o-Q) and up 14 per cent year-on-year (Y-o-Y). Ebitda was… Continue reading Airtel emitting strong signals; improving margins along with debt-reduction
Tag: strong
Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%
Shares of Mahindra and Mahindra (M&M) surged by 4.3 per cent to Rs 1,527 per share on the BSE on Monday, following the company’s announcement of a 60 per cent year-on-year jump in consolidated profit after tax to Rs 3,508 crore in the April to June quarter of the financial year 2024 (Q1FY24). Thus… Continue reading Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%
No other strong leader like PM Modi at national level: Ajit Pawar
Maharashtra Deputy Chief Minister Ajit Pawar on Monday said he does not see any other strong leader like Prime Minister Narendra Modi at the national level today. Speaking to reporters in Pune, Pawar said some people might be criticising him for his decision to join the Eknath Shinde-Bharatiya Janata Party (BJP) government, but… Continue reading No other strong leader like PM Modi at national level: Ajit Pawar
Zen Technologies hits 10% upper limit on strong Q1 performance
Shares of Zen Technologies were locked at the 10 per cent upper circuit at Rs 675 on the BSE in Monday’s intra-day trades after the company reported a strong set of earnings for the June quarter. The company’s net profit zoomed 474 per cent to Rs 47.13 crore for the quarter ended June… Continue reading Zen Technologies hits 10% upper limit on strong Q1 performance
UK supports UAE, looks forward for strong participation at COP28: Envoy
Edward Hobart, ambassador of the United Kingdom and Northern Ireland to the UAE, affirmed his country’s support for the UAE hosting of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP28) and UK’s active participation and engagement in the UN climate conference. “In COP28, we think… Continue reading UK supports UAE, looks forward for strong participation at COP28: Envoy
M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%
Mahindra and Mahindra (M&M) reported a 60 per cent jump in its consolidated profit after tax (PAT) to Rs 3,508 crore, riding on a 19 per cent year-on-year (YoY) rise in its revenues to Rs 33,892 crore. On a quarter-on-quarter (QoQ) basis, PAT jumped 33 per cent while income from operations has grown… Continue reading M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%
CESC reports more than 21% rise in Q1 profit on strong power demand
BENGALURU (Reuters) – India’s CESC on Friday reported a more than 21 rise in first-quarter profit, aided by robust power demand in the pre-monsoon and summer months. The power generation and distribution company posted a consolidated net profit of 3.47 billion rupees ($41.90 million) for the quarter ended June 30, compared with 2.86… Continue reading CESC reports more than 21% rise in Q1 profit on strong power demand
Alembic Pharma Q1 consolidated profit rose to $14.6 mn on strong sales
Revenue from its India business rose 9%, while its U.S. business rose 6%. BENGALURU (Reuters) – Indian drugmaker Alembic Pharmaceuticals posted first-quarter profit on Friday, boosted by strong sales in its domestic and U.S. markets. The Vadodara-based company said consolidated profit rose to 1.21 billion rupees ($14.6 million) for the quarter ended June… Continue reading Alembic Pharma Q1 consolidated profit rose to $14.6 mn on strong sales
Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results
Shares of Cipla hit a new high of Rs 1,238.55, as the rallied 6 per cent on the BSE in Friday’s intra-day trade, extending its past one week gain, on buzz that the promoters are looking to sell a part stake to private equity investors. In past seven trading sessions, the stock has surged 16… Continue reading Cipla hits new high; up 6% on promoter stake sale buzz, strong Q1 results
Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023
Shares of Varun Beverages Limited (VBL) rallied 3 per cent to Rs 832 apiece in Thursday’s intra-day trade, after the company’s revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23). So far this year, the stock of beverage player surged 26… Continue reading Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023