Q1 Results 2024: With many majors like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Jio Financial Services, Nestle India, HUL, Nestle, Adani Wilmar, IOCL, HPCL, HDFC Bank, GAIL India, Axis Bank, SpiceJet, L&T, IGL, Infosys, Colgate Palmolive (India), Paytm, CEAT, DLF, and many others already having released their Q1 results, the first quarter earnings season is now in full swing.

Today, Maruti Suzuki India, Mahindra and Mahindra, Coal India, Adani Power, Tata Steel, Bank of Baroda, Ambuja Cements, Bharat Heavy Electricals, Godrej Properties, Mankind Pharma, Phoenix Mills, Prestige Estates Projects, Relaxo Footwears, Birlasoft, Aster DM Healthcare Ltd, Thomas Cook (India), Pricol, JK Lakshmi Cement, and many others will report their first quarter results.

This week too will be in focus with market participants and investors keen on the performance of players like ITC, Tata Motors, Zomato, Dabur India, Titan Company, SBI, Bank of India, among many others.

Live Updates
17:46 (IST) 31 Jul 2024
Bank of Baroda Q1 Results 2024 Live Updates: Asset quality

Bank of Baroda posted gross NPA at Rs 30,873 crore in Q1FY25 and gross NPA ratio improved to 2.88 per cent in Q1FY25 from 3.51 per cent in Q1FY24. The Net NPA Ratio of the Bank stood at 0.69 per cent in Q1FY25 as compared with 0.78 per cent in Q1FY24.

The Provision Coverage Ratio of the Bank, meanwhile, stood at 93.32 per cent including TWO and 76.58 per cent excluding TWO in Q1FY25. Credit cost, it said, stood at 0.4 7 per cent for Q1.

17:41 (IST) 31 Jul 2024
Bank of Baroda Q1 Results 2024 Live Updates: Profit rises by 9.5% to Rs 4458.15 crore

Bank of Baroda on Wednesday posted its fiscal first quarter earnings with standalone profit at Rs 4458.15 crore, up 9.5 per cent in comparison to Rs 4070.07 crore during the same period of previous fiscal year. This was driven by lower credit cost. The Bank’s Net Interest Income (NII) grew by 5.5 per cent YoY to Rs 11,600 crore in Q1FY25. Non-Interest Income for the quarter came in at Rs 2,487 crore for the quarter in review.

17:25 (IST) 31 Jul 2024
Coal India Q1 Results 2024 Live Updates: Profit at Rs 10,959.47 crore, up 4.1% YoY

Coal India on Wednesday posted fiscal first quarter profit at Rs 10,959.47 crore, up 4.1 per cent in comparison to Rs 10,528.03 crore recorded during the first quarter of FY24. It posted revenue from operations at Rs 36,464.61 crore, up 1.3 per cent as against Rs 35,983.21 crore during the same period of last financial year. The company EBITDA grew by 5.6 per cent to Rs 14,338.5 crore.

16:24 (IST) 31 Jul 2024
Maruti Suzuki Q1 Results 2024 Live Updates: Profit rises by 47.9% YoY

Maruti Suzuki India on Wednesday posted its first quarter earnings for FY25 with profit at Rs 3759.70 crore, up 47.9 per cent in comparison to Rs 2542.90 crore recorded during the first quarter of previous financial year. It posted revenue from operations at Rs 35,779.40 crore, up 10.0 per cent as against Rs 32534.80 crore posted during the same period of last year.

The company sold a total of 521,868 vehicles during the quarter, posting a growth of 4.8 per cent compared to the same period previous year. During Q1FY25, Maruti Suzuki registered net sales of Rs 33875.30 crore as against Rs 30845.20 crore in Q1FY24.

16:15 (IST) 31 Jul 2024
Adani Power Q1 Results 2024 Live Updates: ‘Our strategic focus is to de risk our growth plans’, says SB Khyalia

SB Khyalia, CEO, Adani Power Limited, said, "As Adani Power grows from strength to strength, we have undertaken advance development activities to secure execution pipelines for three Ultra-supercritical projects of 1,600 MW each to prepare ourselves for the anticipated resurgence in the thermal power sector. Our strategic focus is to de risk our growth plans by utilizing high efficiency, low emission technologies, pooling our deep experience and multi-domain expertise for project development, securing access to fuel resources, and revitalizing the organization to become more agile and competitive in the digitalized world.”

16:11 (IST) 31 Jul 2024
Adani Power Q1 Results 2024 Live Updates: Profit drops by 55.3% to Rs 3,912.79 crore

Adani Power on Wednesday recorded fiscal first quarter profit at Rs 3,912.79 crore, down 55.3 per cent in comparison to Rs 8,759.42 crore posted during the corresponding quarter of previous fiscal year. This was supported by higher reported EBITDA and lower finance cost. It posted revenue from operations at Rs 14,955.63 crore, up 35.9 per cent as against Rs 11,005.54 crore recorded during the first quarter of FY24. The company EBITDA stood at Rs 6,194.3 crore, up 76.3 per cent YoY.

15:24 (IST) 31 Jul 2024
Mankind Pharma Q1 Results 2024 Live Updates: Profit rises by 10.2% to Rs 536.49 crore

Mankind Pharma recorded a profit growth of 10.2 per cent during the first quarter of FY25 at Rs 536.49 crore in comparison to Rs 486.87 crore posted during the first quarter of previous financial year. It recorded revenue from operations at Rs 2,893.42 crore, up 12.2 per cent as against Rs 2,578.62 crore during the corresponding quarter of FY24. Domestic revenue came in at Rs 2,634 crore, up 9% YoY and exports was at Rs 259 crore, up 62 per cent YoY.

The company EBITDA stood at Rs 681.8 crore, up 4 per cent on-year.

15:09 (IST) 31 Jul 2024
Godrej Properties Q1 Results 2024 Live Updates: Pirojsha Godrej on Q1 earnings

Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said, “Godrej Properties delivered another robust quarter registering a multi-fold growth in bookings, operating cashflows, and earnings. The residential real estate sector in India has been strong over the past three years and we believe the sectoral tailwinds will continue over the next few years. The significant levels of business development we have executed in previous years at favourable terms continue to allow us to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to achieve our bookings target of Rs 27,000 crore in FY25 while also achieving our highest ever deliveries and collections performance.”

15:08 (IST) 31 Jul 2024
Godrej Properties Q1 Results 2024 Live Updates: Operational highlights

Godrej Properties posted the highest ever sales volume reported by an Indian developer with 8.99 million sqft, up 299 per cent YoY. The total bookings value during the quarter stood at Rs 8,637 crore, up 283 per cent YoY. Customer collections, meanwhile, came in at Rs 3,012 crore. Godrej Properties delivered around 2.7 million sqft in Q1FY25.

15:05 (IST) 31 Jul 2024
Godrej Properties Q1 Results 2024 Live Updates: Profit grows multi-fold to Rs 520.05 crore

Godrej Properties on Wednesday recorded a profit of Rs 520.05 crore during the first quarter of FY25, up 316.2 per cent in comparison to Rs 124.94 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 739 crore, down 21.1 per cent as against Rs 936.09 crore recorded during the first quarter of previous financial year. The company EBITDA grew by 237 per cent to Rs 774 crore.

14:20 (IST) 31 Jul 2024
Birlasoft Ltd Q1 Results 2024 Live Updates: Deal wins

Birlasoft said that the company has signed deals of TCV $160 million during the quarter with new deal wins TCV of $94 million and renewals of $66 million. Active client count, meanwhile, was at 258 in Q1FY25 (compared to 259 in Q4FY24 and 285 in Q1FY24).

14:18 (IST) 31 Jul 2024
Birlasoft Ltd Q1 Results 2024 Live Updates: Angan Guha on Q1 performance

Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said, “Our performance during the quarter under review reflects a challenging operating environment and tightened discretionary spends by customers. In that backdrop, I am pleased to note that our Infra and ROW businesses, both historically smaller contributors to our revenue, have done particularly well on the back of our efforts to enhance our capabilities and footprint there. Our deal wins during the quarter are also up 10% year on year at $160 Mn. We continue to invest in our business across our verticals and service lines to strengthen our position as a domain and emerging tech capabilities-led player.”

14:16 (IST) 31 Jul 2024
Birlasoft Ltd Q1 Results 2024 Live Updates: Profit at Rs 150.21 crore, up 9.2% YoY

Birlasoft on Wednesday released its fiscal first quarter earnings with profit at Rs 150.21 crore, up 9.2 per cent in comparison to Rs 137.54 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 1327.43 crore, up 5.1 per cent as against Rs 1262.77 crore during the same period last year. The company EBIT was down 13 per cent YoY at Rs 174.5 crore.

14:06 (IST) 31 Jul 2024
Nilkamal Limited Q1 Results 2024 Live Updates: Q1 performance across business verticals

Nilkamal’s plastic business sales stood at around Rs 690 crore whereas the retail business '@home' stood at approximately Rs 39 crore. The plastic segment reported a volume growth of 3 per cent and value degrowth of 5 per cent respectively.

During Q1FY25, the B2B business of the company, excluding racking business remained muted and the B2C business exhibited degrowth of 13 per cent. This was on account of subdued demand, slower and postponement of institutional/industrial spend mainly due to general elections, being a temporary event, it said.

The @home business of the company showed a degrowth of 15 per cent mainly due to slowdown in the retail segment and lower foot fall. The racking business is gaining back its impetus by achieving a growth of 44 per cent in its sales with renewed investment by the industry and expects it to continue. The mattress business grew by 10 per cent in Q1FY25.

Meanwhile, the e-commerce business grew by 16 per cent mainly with a wider delivery and service provider network.

14:01 (IST) 31 Jul 2024
Nilkamal Limited Q1 Results 2024 Live Updates: Profit drops by 43.5% to Rs 18.34 crore

Nilkamal Limited on Wednesday reported a profit decline of 43.5 per cent during the first quarter of FY25 at Rs 18.34 crore in comparison to Rs 32.46 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 742.69 crore, down 5.2 per cent as against Rs 783.08 crore during the first quarter of previous fiscal year. The company EBITDA stood at Rs 38 crore, down 48.6 per cent on-year.

13:58 (IST) 31 Jul 2024
Q1 results live updates : ZEEL shares up 4.7% on Q1 numbers

Shares of Zee Entertainment rose 5.7% to an intraday high of Rs 153.45 after the company reported a consolidated net profit of Rs 118.10 crore in Q1 of FY25 against a net loss of Rs 53.42 crore.

Read more: Stock Market Live: Markets rangebound!

13:46 (IST) 31 Jul 2024
BHEL Q1 Results 2024 Live Updates: Q1 loss at Rs 211.40 crore, revenue rises by 9.6% YoY

Bharat Heavy Electricals Ltd on Wednesday reported its fiscal first quarter earnings with loss at Rs 211.40 crore, higher that a loss of Rs 204.70 crore posted during the corresponding quarter of FY24. It posted revenue from operations at Rs 5484.92 crore, up 9.6 per cent as against Rs 5003.43 crore recorded during the first quarter of previous financial year. The company EBITDA loss came in at Rs 169 crore.

13:33 (IST) 31 Jul 2024
Mahindra & Mahindra Q1 Results 2024 Live Updates: ‘We will continue to deliver scale in F25,’ says Dr Anish Shah

Dr Anish Shah, Managing Director & CEO, M&M Ltd, said, “We have started the F25 fiscal year with strong operating performance across all our businesses. Capitalising on leadership positions, Auto and Farm continued to expand market share and profit margins. Transformation at MMFSL is yielding results as asset quality improves and transformation at TechM has commenced with margins as a key focus. With this momentum and relentless drive towards execution, we will continue to ‘deliver scale’ in F25.”

13:32 (IST) 31 Jul 2024
Mahindra & Mahindra Q1 Results 2024 Live Updates: Performance across business verticals

Auto segment reported highest ever Q1 volumes at 212k, up 14 per cent; and also highest ever Q1 UV volumes at 124k. The company said that its SUV capacity increase from 49k pm (exit F24) to 64k pm (exit F25) is on track. The segment reported consolidated revenue at Rs 19,776 crore, up 16 per cent and PAT at Rs 1,330 crore.

The farm segment recorded quarterly volumes at 120k, up 5 per cent. The Farm machinery posted Q1 revenue at Rs 265 crore, up 34 per cent. The consolidated revenue posted by the segment during the quarter stood at Rs 9,711 crore and PAR was at Rs 1,238 crore.

The services segment, which include Mahindra & Mahindra Financial Services Limited (MMFSL), Tech Mahindra, Mahindra Lifespaces, Club Mahindra and Mahindra Logistics, posted consolidated revenue at Rs 8,736 crore, up 9 per cent and PAT was at Rs 715 crore, up 26 per cent.

13:25 (IST) 31 Jul 2024
Mahindra & Mahindra Q1 Results 2024 Live Updates: Profit drops by 6.4% at Rs 3,282.63 crore

Mahindra & Mahindra Ltd, the makers of Scorpio, on Wednesday reported a profit of Rs 3,282.63 crore for the first quarter of FY25, down 6.4 per cent in comparison to Rs 3,508.41 crore during the first quarter of previous financial year. It posted revenue from operations at Rs 37,010.06 crore, up 10.8 per cent as against Rs 33,406.44 crore during the same period of FY24.

13:01 (IST) 31 Jul 2024
Ambuja Cements Q1 Results 2024 Live Updates: Operational highlights

Sales Volume (Clinker & Cement): Growth of 3% at 15.8 million T

Kiln Fuel Cost: Reduced by 17% (Rs 2.08 to Rs 1.73/’000 kCal)

WHRS as a % of total power Consumption: Increased by 3.6 pp to 15.1%

13:00 (IST) 31 Jul 2024
Ambuja Cements Q1 Results 2024 Live Updates: “Our persistent performance sets the tone for the rest of the financial year”

Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “We have delivered another sustainable performance and our focus on innovation, digitisation, customer satisfaction and ESG is at the heart of our success. Our persistent performance sets the tone for the rest of the financial year, as we expand our footprint and capacities across new geographies. Our continued improvement on cost brings visibility of achieving the targeted cost reduction of Rs. 530 PMT by FY’28. With Penna transaction expected to be closed by Q2 FY’25, our capacity will go to 89 MTPA and well on track to achieve our 140 MTPA plan by FY’28.”

12:58 (IST) 31 Jul 2024
Ambuja Cements Q1 Results 2024 Live Updates: Profit drops by 30.5% to Rs 789.63 crore

Adani group-owned Ambuja Cements on Wednesday reported its fiscal first quarter earnings with profit at Rs 789.63 crore, down 30.5 per cent in comparison to Rs 1135.46 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 8311.48 crore, down 4.6 per cent as against Rs 8,712.90 crore during the same period of previous financial year.

The company’s net worth increased by Rs 8620 crore during the quarter and stands at Rs 59,465 crore, and the company remains debt free and continues to maintain Crisil AAA (stable) / Crisil A1+ ratings.

12:12 (IST) 31 Jul 2024
Sapphire Foods Q1 Results 2024 Live Updates: JM Financial on Q1 performance

JM Financial report stated, “Sapphire’s revenue performance was in line but operationally tad better than our expectations. Same store sales for India business remained negative. KFC’s same store sales saw higher decline vs 4Q, on account of shift in Navratra which impacted the business in April month, post which the decline was lower as per the mgmt. For PH, the decline in same store sales was lower at 7% vs 15-20% decline in recent quarters, ADS improved qoq (+17% which is higher vs usual seasonality-led uplift from 4Q to 1Q) after seeing drop for the past 3 quarters. Sri Lanka business momentum continued to improve with SSSG growth of 11% led by higher transactions. Commentary on store additions remains unchanged – on track to double KFC store network by Dec’24 while pace of expansion in PH is expected to be muted as focus is on building back ADS. While the operating environment has been challenging, commentary suggests further weakness is unlikely & performance should gradually revive.”

12:03 (IST) 31 Jul 2024
IndiaMart InterMesh Q1 Results 2024 Live Updates: Revenue in line, strong margin beat, says Anand Rathi

“With cash collections growing 14% y/y to Rs3.6bn, IndiaMart’s Q1 revenue growth of 17.4% y/y was in line with our estimate. The better EBITDA margin (36.1%; 27.4% a year ago, 28.1% the quarter prior) was largely due to reduction in outsource sales cost to ~6.9% of revenue, from ~13.3% a year ago. Management has guided to ~33-34% margins for the next two quarters. Factoring in the margin beat and higher margin guidance, we raise FY25e/26e earnings 10%/10.1%. We anticipate 20%/21.7% revenue growth in FY25/26 (incl. Busy InfoTech). Our FY25e/26e EBITDA margins are 33/34.1%, leading to a 27.5% EPS CAGR over FY24-26,” stated a report by Anand Rathi.

11:39 (IST) 31 Jul 2024
Titagarh Rail Systems Q1 Results 2024 Live Updates: Profit up by 8.4% at Rs 67.01 crore

Titagarh Rail Systems Ltd posted a profit increase of 8.4 per cent during the first quarter of FY25 at Rs 67.01 crore in comparison to Rs 61.79 crore recorded during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 903.05 crore, marginally lower than Rs 910.76 crore posted during the first quarter of FY24. The company EBITDA stood at Rs 101.7 crore, down 4.1 per cent on-year.

11:33 (IST) 31 Jul 2024
Aegis Logistics Ltd Q1 Results 2024 Live Updates: Profit rises by 13.5% at Rs 131.49 crore

Aegis Logistics recorded fiscal first quarter profit at Rs 131.49 crore, up 13.5 per cent in comparison to Rs 115.81 crore posted during the corresponding quarter of FY24. It posted revenue from operations at Rs 1601.34 crore, down 23.8 per cent as against Rs 2100.53 crore during the first quarter of previous financial year. The company EBITDA stood at Rs 232.2 crore, up 18.5 per cent on-year.

11:27 (IST) 31 Jul 2024
Ramco Cements Q1 Results 2024 Live Updates: Anand Rathi on Q1 performance

“The dull demand-pricing environment constrained Ramco Cements’ Q1. Its balance sheet remains leveraged by the ongoing capex. The 1.5m-tonne Kurnool line II expansion is on track, and 30m-tonne capacity is targeted by FY26 through debottlenecking/GU set-up. Non-core asset monetisation is on the cards and would help fund expansions. Competition is set to rise, with the ramping up of the recently acquired under-utilised asset in the region. The rising share of green energy is positive. While the regional demand outlook is positive (especially AP), the ramping up of the under-utilised asset recently acquired may intensify competition in the company’s operating region. Targeting a 48% share of green power (33% now), its green power generation capacity will expand to 110MW by FY26, from 85MW now. We expect 9/10/18% volume/revenue/ EBITDA CAGRs over FY24-26,” stated a report by Anand Rathi.

11:14 (IST) 31 Jul 2024
Apar Industries Q1 Results 2024 Live Updates: Prabhudas Lilladher on Q1 performance

Amit Anwani, Research Analyst, Prabhudas Lilladher Pvt Ltd, said, “We revise our FY25/26E EPS estimates by +6.1%/+4.1% factoring in better profitability in Conductors. Apar Industries (APR) reported 6.5% YoY revenue growth and 19bps YoY increase in EBITDA margin to 9.4%. Although export sales are down YoY, inquiry levels are picking up in US & Europe with traction expected to accelerate from H2FY25 onwards. Chinese competition has increased; however, higher duties in the US on aluminum conductors & cables from China will make Indian products more competitive. Meanwhile, the domestic market continues to remain robust with record addition in transformation & substation capacities estimated in FY25 led by transition to renewable energy.”

He further added that the brokerage firm is positive on the company owing to 1) robust T&D capex driving demand across segments, 2) focus on premium conductors in domestic market, 3) healthy traction in elastomeric cables used in renewables, defence and railways, and 4) market leadership in the growing T-oils business.