Diabytes
Q1 Earnings News
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The Nifty50 breached the key level of 24,900, and reached 24,837 when the market closed on Friday. FIIs consistently remained net sellers for last five sessions, reflecting broad-based selling pressure. Mid-cap and small-cap indices saw steeper corrections, underperforming the benchmark.
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As Q1 FY26 earnings unfold, investors are closely monitoring guidance on margins and sector dynamics. Looking ahead, the earnings season will be in full focus.
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Panasonic, the exclusive battery cell supplier for Tesla Inc, posted an operating profit of 56.39 billion yen ($519.68 million) for the April-June quarter, down from 99.96 billion yen a year prior.
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Gross NPAs increased to 16.49 percent against 15.5 percent in the previous quarter. In Q1 FY19, the figure stood at 18.26 percent.
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Maruti`s results underscore slowing demand in the country`s auto sector, which has been hit by a credit squeeze, higher insurance costs and a pile-up of inventory.
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The overall PAT, including the PAT from discontinued operations for the quarter April to June, 2019 grew by 21.2 percent to Rs 1,473 crore as against Rs 1,215 crore for the corresponding quarter of the previous year, L&T said in a BSE filing.
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IT services business grew 4.3 percent to Rs 14,189 crore for the quarter from Rs 13,841 crore a year ago, but declined 5 percent sequentially from Rs 14,565 crore.
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Net profit for the three months ended June 30 came in at 1.14 billion rupees ($16.57 million), compared with 12.60 billion rupees last year. Analysts, on average, were expecting it to earn 2.79 billion rupees during the period, according to Refinitiv data.
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The company said on Friday net profit for the three months ended June 30 rose to 38.02 billion rupees from 36.12 billion rupees a year ago. Revenue from operations rose nearly 14%.
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The Mumbai-headquartered company said its net profit for the quarter ended June 30 rose to 81.31 billion rupees ($1.19 billion) from 73.40 billion rupees a year ago.
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Trading sentiment will also be influenced by overseas investment trend, the movement of rupee against the US dollar and crude oil price.
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