Pages

logo

logo

Friday, July 18, 2025

18/07/25, Earnings today

 As many as 37 companies are slated to release their June quarter numbers today. The list includes names such as Reliance Industries (RIL), Hindustan Zinc, Aarti Drugs, Bandhan Bank, Indosolar, IndiaMART Intermesh, Indian Overseas Bank, JSW Steel, and L&T Finance, among others.

Wipro: Wipro, the country's leading information technology (IT) company, on Thursday, July 17, reported a net profit of ₹3,330 crore in the first quarter of the current financial year, marking an increase of 11% from ₹3,003 crore in the same period last year. On a sequential basis, however, its profit declined 7% from ₹3,570 crore.

The company's revenue from operations rose nearly 1% to ₹22,135 crore at the end of the June quarter, as against ₹21,964 crore in the year-ago period. In dollar terms, Wipro's revenue came in at $2,587.4 million, a decrease of 0.3% quarter-on-quarter (QoQ) and 1.5% year-on-year (YoY).

CEAT: Tyre maker CEAT Ltd on Thursday reported a 27.16% decline in consolidated net profit to ₹112.3 crore in the June quarter, impacted by higher raw material costs.

The company reported a consolidated net profit of ₹154.18 crore in the first quarter last fiscal and said it will invest about ₹450 crore to expand the capacity of its Chennai plant.

Consolidated revenue from operations stood at ₹3,529.41 crore in the first quarter as against ₹3,192.82 crore in the year-ago period, CEAT Ltd said in a regulatory filing.

Total expenses in the quarter under review were higher at ₹3,375.1 crore compared with ₹3,003.56 crore in the year-ago period, it added.

Emami: FMCG major Emami Ltd on Thursday said it will convert loans and make fresh investments in its associate company, Cannis Lupus Services, as part of its long-term growth strategy.

The Kolkata-headquartered company has executed an agreement to subscribe to Optionally Convertible Debentures (OCDs) issued by Cannis Lupus, which operates in the pet care segment under the brand 'Fur Ball Story'.

According to a regulatory filing with stock exchanges on Thursday, Emami will convert existing inter-corporate loans of around ₹8.23 crore into OCDs and infuse an additional ₹4 crore through fresh subscriptions to these instruments.

HUDCO: Housing and Urban Development Corporation Ltd (HUDCO) on Thursday said it plans to raise up to ₹3,000 crore through the issuance of non-convertible debentures.

In a regulatory filing, HUDCO informed that the 'Bond Allotment Committee' has approved the raising of debentures aggregating up to ₹3,000 crore.

HUDCO is engaged in the financing of housing and urban infrastructure projects.

Indian Hotels: Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56% rise in its consolidated net profit to ₹329.32 crore in the first quarter of FY26.

The country's biggest hospitality player posted a net profit of ₹260.19 crore in the corresponding period of the previous financial year.

Its total income from operations stood at ₹2,102.17 crore during the April-June quarter, against ₹1,596.27 crore in the year-ago period.

The company's total expenses also increased to ₹1,662.35 crore from ₹1,267.78 crore a year ago, a regulatory filing showed.

Axis Bank: Axis Bank on Thursday reported a 3% dip in its June quarter consolidated net profit at ₹6,243.72 crore, impacted by the implementation of changes in non-performing assets and loan upgrade policy.

On a standalone basis, the third-largest private sector lender's net profit declined to ₹5,806 crore from the year-ago period's ₹6,034 crore but was down sharply when compared with the quarter-ago period's ₹7,117 crore.

The bank's core income showed low growth in the reporting period, but it was a ₹614 crore hit brought about by what it called a "technical impact", which hurt the profits.

Sunteck Realty: Sunteck Realty Ltd has reported a 47% increase in its consolidated net profit to ₹33.43 crore in the first quarter of this fiscal year.

Its net profit stood at ₹22.78 crore in the year-ago period.

Total income, however, fell to ₹201.53 crore in the April-June period of the 2025-26 fiscal year from ₹328.01 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday.

Sunteck Realty is one of the leading real estate firms in the country. It has developed many projects in the Mumbai Metropolitan Region (MMR).

Glenmark Pharma: Glenmark Pharmaceuticals will turn net cash positive on its licensing deal with AbbVie Inc., according to S&P Global Ratings on Thursday.

The agreement will further strengthen the company's financial position and liquidity, reversing results that led to a reported net debt of ₹4.9 billion last year, it said in a statement.

On July 11, 2025, Glenmark, through wholly owned subsidiary IGI Therapeutics SA, announced an exclusive licensing agreement with AbbVie for ISB 2001, a lead investigational asset developed by IGI, targeted for the treatment of cancer and autoimmune diseases.

"Following the transaction, we expect Glenmark's adjusted debt to decline to Indian rupee (INR) 10 billion-11 billion in fiscal 2026," S&P Global Ratings said.

Sterling and Wilson Renewable Energy Ltd (SWREL): The company posted a manifold jump in consolidated net profit to ₹39 crore in the April-June quarter, driven by higher revenues.

The company reported a net profit of ₹4.83 crore in the first quarter of the preceding 2024-25, the company said in a statement.

Its revenue from operations rose to ₹1,761.63 crore in the June quarter from ₹915.06 crore in the April-June period a year ago.

SWREL is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider.

Jio Financial Services: Jio Financial Services on Thursday, July 17, posted a 4% year-on-year (YoY) jump in its net profit to ₹324.66 crore in the June quarter (Q1 FY26) from ₹312.63 crore in the year-ago period.

The company reported a revenue of ₹612.46 crore for the reporting quarter, up 46.5% from ₹417.82 crore in Q1 FY25.

The firm's total income increased to ₹619 crore in Q1 FY26 from ₹418 crore in the year-ago period. Its total expenses also witnessed a 228% YoY increase at ₹261 crore as compared to ₹79 crore in the same quarter a year ago.

During the reporting quarter, its interest income doubled to ₹363 crore as against ₹162 crore in Q1 FY25.

Shoppers Stop: Retail chain Shoppers Stop Ltd on Thursday reported a narrowing of consolidated net loss to ₹15.74 crore in the first quarter ended June 30, 2025.

The company, which had posted a consolidated net loss of ₹22.72 crore in the first quarter last fiscal, said its long-serving chairman B. S. Nagesh will retire from the post after 34 years of service.

Consolidated revenue from operations stood at ₹1,161.08 crore in the first quarter against ₹1,069.31 crore in the year-ago period, Shoppers Stop Ltd said in a regulatory filing.

Total expenses in the quarter under review were higher at ₹1,192.06 crore compared with ₹1,104.51 crore in the year-ago period, the company said.

AWL Agri Business: Adani Group has sold a 20% stake in AWL Agri Business Ltd (formerly known as Adani Wilmar Ltd) to Wilmar International, Singapore, for ₹7,150 crore, as part of its decision to exit the FMCG business and focus on the infrastructure vertical.

As per the regulatory filing on Thursday, Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises, will soon sell the residual 10.42% stake in AWL Agri Business Ltd, leading to a complete exit from the FMCG business.

In January, ACL had already sold a 13.51% stake in AWL through the offer for sale route, generating ₹4,855 crore.

ONGC: State-owned ONGC has signed an agreement with global energy giant BP to collaborate on drilling multiple stratigraphic wells in India.

This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security, Oil and Natural Gas Corporation Limited (ONGC) said in a post on X.

"#ONGC has signed a strategic Memorandum of Understanding (MoU) with @bp_plc on 17 July 2025 to collaborate on drilling stratigraphic wells in India's Category II & III offshore sedimentary basins: Andaman, Mahanadi, Saurashtra, and Bengal," the oil major said.

Tata Communications: Tata Communications posted a 43% dip in consolidated profit to ₹190.14 crore in the first quarter ended June 30, 2025.

The company had posted a net profit of ₹332.93 crore in the same period a year ago.

The consolidated income from operations of Tata Communications increased by 6.5% to ₹5,959.85 crore during the report quarter from ₹5,592.32 crore in the June 2024 quarter, the company said in a regulatory filing on Thursday.

Tech Mahindra: IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on Thursday.

During the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society.

"Over the next two to three years, the company plans to invest in learning infrastructure and in enhancing market position in key markets by investing in sales, marketing and key service lines across strategic verticals," Mahindra said in response to a question asked by a shareholder.

Nuvoco Vistas Corporation: Nuvoco Vistas Corp, the building materials division of the Nirma Group, on Thursday reported a multi-fold increase in its profit to ₹133.16 crore in the quarter ended in June 2025.

The company had logged a net profit of ₹2.84 crore in the April-June quarter a year ago, according to a regulatory filing from Nuvoco Vistas Corp.

Its revenue from operations was up 9% to ₹2,872.70 crore in the June quarter. It was at ₹2,636.48 crore in the corresponding quarter a year ago.

Total expenses of Nuvoco Vistas Corp were up 1.9% to ₹2,685.9 crore in the June quarter of FY'26.

IndoStar Capital Finance: Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd.

Following the acquisition, EQT will invest ₹500 crore as growth capital to support geographic expansion and enhance the digital capabilities of Niwas Housing Finance, a joint statement said.

This transaction, valued at ₹1,750 crore, marks a significant milestone in Niwas' journey as it expands its presence across India.

No comments:

Today's

18/07/25, BIZnews, Cryptio

X RP, the third largest cryptocurrency in the world, scaled a fresh peak on Thursday after the US House of Representatives passed three majo...