January 25, 2024 12:22:38 PM IST
Q3 Results Live Update: What Axis Sec Expects from SBI Life's Q3 Show
New business premiums reported stable growth quarter-on-quarter. APE's growth continues to be strong quarter-on-quarter, supported by his NPAR and annuity products. VNB margins are likely to remain in the range of 28-29%.
January 25, 2024 12:00:21 PM (IST)
Live update of 3rd quarter results | Share India Securities 3rd quarter results: Revenue up 35.1% YoY, PAT up 24.4% YoY
11:32:26 AM IST, January 25, 2024
Q3 Earnings Live Update: What to Expect from Vedanta's Q3 Earnings
The company's stock price has corrected more than 20% over the past year, largely due to concerns about the company's ability to repay its significant debt.
According to estimates by three securities companies, the company's consolidated sales are expected to be between 33,676 million rupees and 35,477 billion rupees. This compares to revenue of 34.12 billion rupees a year ago and 34.184 billion rupees a quarter ago.
The company's consolidated net profit is expected to be between Rs 974 crore and Rs 1,589 crore, compared with a profit of Rs 1,229 crore a year ago and a loss of Rs 1,226 crore a quarter ago.
11:18:01 AM IST, January 25, 2024
Q3 Earnings Live Update: Ujjivan SFB Earnings Brokered by Centrum
Ujjivan SFB (Ujjivan) has posted numbers for Q3 FY24 that are below our expectations. PAT stood at Rs 3,001 million, representing an increase of +2.3%/-8.4% YoY against the expected Rs 3,436 million. NII came in at Rs 8.6 billion (+23% YoY / +4.4% QoQ), exactly in line with our expectations. His NIM (calculated) for the quarter was 10.7%, down about 30 bps sequentially. Therefore, although the bank reported a decent performance on the NII front, higher operating costs (CTI for the quarter remained high at 56.2% versus 52.2% in Q2FY24) led to disappointment. As a result, PPOP was 4.6 billion rupees (up 17.6% YoY/down 5.4% QoQ). Credit costs continued to rise (1.01% versus 0.79% in 2QFY24). In order to incorporate the above factors, we have slightly revised down our profit forecast for FY24/25 and maintain a “buy” rating on the stock at a revised TP of 64 rupees (previously TP 65 rupees).
10:56:46 AM IST, January 25, 2024
Live updates on Q3 results | Impact on earnings | TVS Motor Company stock price rallied early after brokerage firm maintained rating on the company's stock despite better-than-expected December quarterly profit In trading, the stock fell 3.5% on the NSE to the day's low of Rs 1,932.45, shifting gears albeit on a downtrend. Goldman Sachs and BofA maintained a “neutral” position, while Kotak Institutional Equities reiterated its “sell” call. On the other hand, Nuvama maintained a buy rating, expecting the company's strong performance to continue.
10:51:50 AM IST, January 25, 2024
3rd Quarter Earnings Live Update: Adani Group's two stocks, Adani Power and ACC, are scheduled to announce their 3rd quarter results today.Stock prices for both companies are rising despite market sentiment remaining weak.
10:22:28 AM IST, January 25, 2024
3rd Quarter Earnings Live Update: JM Financial on Bajaj Auto Stock After 3rd Quarter Earnings
Bajaj Auto's EBITDA margin was almost flat at 20.1%. The sequential improvement of 30 bps was driven by higher operating leverage and cost reduction initiatives, partially offset by unfavorable mix. Domestic 2W demand is driven by the premium segment (125cc and above). And the overall 2W industry is expected to grow by about 8-10%. The recently launched Triumph 400 has been well received and the focus is on expanding production capacity and dealer network in the short term. Domestic he 3W volume outlook remains strong due to rising CNG demand. In the EV segment, the company is gradually strengthening its production and sales network for both E2W and E3W. Domestic demand remains strong, but export sales are expected to recover gradually due to macro headwinds. Medium-term margins are likely to be supported by a) favorable mix and b) higher operating leverage. We remain positive on the stock given the successful track record of his BJAUT product interventions over the past few years. We estimate the revenue/EPS CAGR from FY2023 to FY2026 to be approximately 16%/21%. TP for March '25 keeps him a 'buy' at INR 7,700 (P/E ratio of 22x, previously his 18x). Delays in export recovery remain a key risk to our forecast.
10:15:28 AM IST, January 25, 2024
Q3 Earnings Live Update: After an impressive debut on Dalal Street, Tata Technologies is expected to announce its December quarter earnings later today. The Street will be looking forward to it, given that this will be the Tata Group company's first earnings release since going public last month.
Tata Steel, one of the largest steel manufacturers, posted strong financial results for Q3 FY24, mainly due to healthy domestic demand which was able to offset weak numbers from its European subsidiaries. Although the steel manufacturer was in the black, it fell short of market expectations. The soaring price of coking coal was a drag on the company's performance. However, due to negative factors, Tata Steel was unable to outperform its EBITDA and recorded a significant growth of 52.7% on a year-on-year basis. The company's overall performance can be attributed to the rise in steel prices on the back of strong demand supported by large infrastructure spending, but the rising cost of coking coal weighed on profits. The company's expansion is on track and we believe it will have a healthy long-term financial performance given the pain at its western subsidiary. Moreover, the steelmaker's strategy to leverage pan-India growth and brand presence will help it grow at a faster pace with a high-margin business in the medium term. Our outlook for steelmakers remains positive due to continued improvements in the automotive infrastructure and construction sectors and increased government spending.
– Shreyansh Shah, StoxBox Research Analyst on Tata Steel Results
10:12:48 AM IST, January 25, 2024
Q3 Earnings Live Updates: Tata Steel, TechM, Bajaj Auto Trading Status After Q3 Results Announcement on Wednesday
10:11:23 AM IST, January 25, 2024
3rd Quarter Earnings Live Update: Nifty50 constituents JSW Steel and SBI Life Insurance traded lower today ahead of 3rd quarter results
10:10:46 AM IST, January 25, 2024
3rd Quarter Earnings Live Update: 84 companies will announce their earnings today.Key results to track are:
The Street also closely tracks the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange, Indraprastha Gas Limited (IGL), KFIntech, and Novartis India. intend to do something. , SBI Cards and Payment Services, Tata Technologies, Vedanta Limited and Punjab National Bank (PNB).