Contents
9:33 AM
Eicher Motors zooms 4% on strong Q1 show
The company’s Q1 profit saw an increase of 19.9 per cent Y-o-Y to Rs 1,101.5 crore from Rs 918.3 crore. Revenue grew 10.2 per cent to Rs 4,393 crore, up from Rs 3,986.4 crore. Ebitda rose 14.2 per cent to Rs 1,165.4 crore with an expanded margin of 26.5 per cent, compared to 25.6 per cent previously.
9:31 AM
Oil India gains nearly 3% after Q1 results
For Q1, Oil India saw a profit decline of 9.1 per cent Y-o-Y to Rs 1,466.8 crore from Rs 1,613.4 crore. However, revenue, excluding excise duty, grew 17.7 per cent to Rs 5,331.9 crore.
9:28 AM
Biocon slips 1% on weak operational earnings in Q1
The company reported a 550.6 per cent increase in profit to Rs 659.7 crore in Q1FY25, up from Rs 101.4 crore in Q1FY24. Revenue rose marginally 0.3 per cent to Rs 3,432.9 crore, with other income increasing to Rs 1,134.5 crore.
9:26 AM
LIC share price up over 1% after Q1 results
In Q1FY25, new business premiums surged 26.96 per cent to Rs 58,470 crore, up from Rs 46,052 crore (Q1FY24). The total annual premium equivalent (APE) increased by 21.3 per cent to Rs 11,560 crore. The net value of new business (VNB) grew 23.65 per cent to Rs 1,610 crore. Net profit climbed 9.6 per cent to Rs 10,461 crore.
8:41 AM
Nomura eyes 25 bp rate cut by RBI in Oct, 75 bp in FY25
>>The combination of softer growth and inflation, along with increased degrees of freedom from the expected turn in the global monetary policy cycle indicates that the October meeting is live, Nomura said.
>>Nomura retained its view that the RBI will deliver a 25 baisi points (bp) cut, with 75 bp of easing in FY25.
>>The RBI retained its FY25 CPI inflation forecast of 4.5 per cent.
>>Though, Nomura’s estimates show that its upward revision of the July-September quarter (from 3.8 per cent to 4.4 per cent) is unlikely to materialise, as food prices are already reversing in August.
