Q1 Results 2024: With many majors like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Infosys, Nestle India, HUL, Nestle, Adani Wilmar, GCPL, Reliance Industries, IOCL, HPCL, Bharti Airtel, HDFC Bank, SBI, Paytm, Vedanta, TVS Motor, M&M, Tata Motors, Maruti Suzuki, BSE Limited, and many others already having released their Q1 results, the first quarter earnings season is now in full swing.
Today, many others like Life Insurance Corporation of India, Biocon, ABB India, Eicher Motors, Oil India, Cochin Shipyard, Steel Authority of India, MRF, Page Industries, Global Health, Alembic Pharmaceuticals, Minda Corporation, Rail Vikas Nigam, KPI Green Energy, Birla Corporation, Eureka Forbes, Healthcare Global Enterprises, Ajmera Realty and Infra India, Khadim India Limited, over 150 others are to release their quarter results.
This weekend too will be in focus with market participants and investors keen on the performance of players like Aurobindo Pharma, APL Apollo Tubes, Reliance Communications, Finolex Cables, Metropolis Healthcare, Stove Kraft, Kamdhenu Ventures, TVS Electronics, and over 100 companies are to announce their Q1 numbers.
Lincoln Pharmaceuticals Ltd on Thursday reported its fiscal first quarter profit at Rs 23.67 crore, up 24.5 per cent in comparison to Rs 19.01 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 147.28 crore, posting a growth of 8.6 per cent as against Rs 135.62 crore during the same period of previous financial year. The company EBITDA stood at Rs 22.7 crore, up 10.7 per cent on-year.
Analysts at InCred Equities, said, “Godrej Consumer Products’ (GCPL) standalone sales/volume (organic) grew 7.9%/8% yoy led by 8%/6% yoy growth in the home care/personal care segments, respectively. The deodorant portfolio of RCCL saw market share loss in general trade (GT) channels, which contribute 35% to its sales, while the Kamasutra range posted better growth. Post-merger, market share gains have been inching upwards on online channels and modern trade (MT) channels, with a 200bp improvement in the top two MT chains in India. RCCL portfolio should end the year c.15-20% below its earlier guided EBITDA target of Rs1.6bn. Household insecticides (HI) posted low single-digit volume growth for the quarter, impacted by a heatwave. Meaningful innovations like the RNF-formulated incense stick and rollout of RNF-based liquid vapourizers (LV) in Jul 2024 to drive market share gains gradually.”
Today, companies like Life Insurance Corporation of India, Biocon, ABB India, Eicher Motors, Oil India, Cochin Shipyard, Steel Authority of India, MRF, Page Industries, Global Health, Alembic Pharmaceuticals, Minda Corporation, Rail Vikas Nigam, KPI Green Energy, Birla Corporation, Eureka Forbes, Healthcare Global Enterprises, Ajmera Realty and Infra India, Khadim India Limited, and over 150 others will release their quarter results.
With many majors like TCS, HCL Technologies, Infosys, Wipro, Tech Mahindra, Infosys, Nestle India, HUL, Nestle, Adani Wilmar, GCPL, Reliance Industries, Bharti Airtel, HDFC Bank, SBI, Paytm, Vedanta, TVS Motor, M&M, Tata Motors, Maruti Suzuki, and many others already having released their Q1 results, the first quarter earnings season is now in full swing. We are continuously updating you with the latest numbers posted by different companies across sectors. Through this live blog, we will keep you updated with the latest Q1 numbers posted by companies across sectors. Stay tuned.