The FinTech Hub
Source: Live Mint In its latest earnings review, Motilal Oswal Financial Services (MOSL) observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year (YoY) decline. Despite the subdued overall growth, the Nifty 50 index managed a 4 per cent YoY increase, surpassing MOSL’s estimate of 3…
Source: Live Mint Q2 results have nearly come to an end. The outlook on Q2 results was muted, and the actual performance is marginally lower than the preview. This is leading to a downgrade in earnings. The Nifty50’s PAT was forecasted to grow by 8.4% YoY, but the current actual growth is around 6.6%, with…
Source: Live Mint Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its ‘Buy’ rating on Vodafone Idea, setting a target price of ₹14. This suggests a potential 91 percent upside from the stock’s closing price of ₹7.34 on Friday. Nomura anticipates that the pace of subscriber losses for the telco will…
Source: Live Mint The Indian Passenger Vehicle (PV) industry experienced a subdued September quarter, with Original Equipment Manufacturers (OEMs) reporting varied performance in terms of volume growth and margin trajectories. Industry wholesales, including exports, declined by 1% year-on-year (YoY) during the July-September 2024 quarter. The competitive dynamics within the sector have undergone significant shifts in…
Source: Live Mint Lemon Tree Hotels Q2 Results: Lemon Tree Hotels Limited announced its July to September quarter results on Thursday, November 11. The company recorded a 33 per cent rise in net profits to ₹35 crore for the second quarter of the financial year 2024-25, compared to ₹26.38 crore in the same quarter the…
Source: Live Mint Gold Financier Muthoot finance announced its results for the quarter ending September 2024 on Thursday, November 14. The Company’s consolidated net profit came in at ₹1321 crore in Q1FY25, up 20.6 percent as against ₹1095 crore in the same period last year. Meanwhile, it total revenue from operations increased almost 37 percent…
Source: Live Mint Bharat Dynamics on Thursday posted a net profit of ₹122.5 crore for the quarter ended September 2024, recording a fall of 16.7% from ₹147 crore in the year-ago period. The state-run defence company’s revenue from operations in Q2FY25 declined 11.5% to ₹544.8 crore from ₹615.8 crore, year-on-year (YoY). Operating performance of Bharat…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vodafone Idea: Vodafone Idea Ltd reported a significant narrowing of its losses for the September quarter, which stood at ₹7,175 crore, a notable improvement from the ₹8,746 crore loss recorded in the same period last year. This improvement…
Source: Live Mint Torrent Power Q2 Results: Torrent Power Limited announced its July to September quarter results on Wednesday, November 13. The company’s net profit for the second quarter of the financial year 2024-25 fell 8.6 per cent to ₹496 crore, compared to ₹542.5 crore in the same quarter the previous year, according to the…
Source: Live Mint Kalyan Jewellers Ltd., headquartered in Thrissur, Kerala, released its earnings report for the September quarter, revealing a decline in both net profit and profit margins year-on-year. The jewelry retailer reported a net profit of ₹130 crore, reflecting a 3.3 percent decrease from ₹134.8 crore in the corresponding period of the previous year….
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