JSW Holdings standalone net profit rises 9.58% in the June 2025 quarter
Net profit of JSW Holdings rose 9.58% to Rs 19.67 crore in the quarter ended June 2025 as against Rs 17.95 crore during the previous quarter ended June 2024. Sales rose 10.43% to Rs 30.07 crore in the quarter ended June 2025 as against Rs 27.23 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 30.0727.23 10 OPM % 87.6088.25 - PBDT 26.3424.03 10 PBT 26.3424.03 10 NP 19.6717.95 10
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Economic Times
12 minutes ago
- Economic Times
Tata stocks lose over Rs 8 lakh crore in 11 months. Is it time to revisit your portfolio allocations?
Tata Group's market capitalization plummeted by over Rs 8.25 lakh crore in 11 months due to global economic uncertainties and sector-specific challenges. Major stocks like TCS, Tata Motors, and Trent experienced significant declines, impacting overall group performance. While some stocks showed resilience, the substantial value erosion prompts investors to reassess their portfolio allocations. Tired of too many ads? Remove Ads TCS: Sector storm, execution drag and delayed spends Tired of too many ads? Remove Ads Tata Motors: Once high-flying, now range-bound Trent: From retail rocket to growth shock Tired of too many ads? Remove Ads Titan, Tata Power and Voltas among heavy drags Tata Communications, Tata Elxsi, Tejas see steep corrections Resilience in hotels, chemicals and investments The group-wide view The Tata Group has seen its market capitalization shrink by over Rs 8.25 lakh crore in the 11 months since September 27, 2024, with investor sentiment turning sharply amid global macroeconomic turbulence, faltering demand, and company-specific shocks across multiple verticals. From Rs 34.56 lakh crore at its peak, the group's listed market cap now stands at Rs 26.31 lakh crore as of August 5, 2025, a 23.87% comes despite a strong five-year performance. According to Tata Sons ' FY25 annual report, 'the group nearly doubled revenue and more than tripled net profit and market cap over the past five years, during which it spent Rs 5.5 lakh crore.' It added that revenue from all listed and unlisted entities in FY25 stood at Rs 15.34 lakh crore, with net profit at Rs 1.13 lakh crore and market cap at Rs 37.84 lakh over the past year, nearly every major Tata Group stock has seen a sharp drop. Tata Consultancy Services ( TCS ), Tata Motors , and Trent alone account for nearly two-thirds of the decline, driven by industry-wide pressures in tech, demand shocks in retail, and geopolitical drag in known as a buy-and-hold stock that could double money every five years, TCS shares are now enduring their worst phase since the 2008 financial crisis. The stock is down nearly 29% over the last 11 months, erasing over Rs 4.5 lakh crore in market value, the single largest contributor to the group's troubles are emblematic of broader industry issues, with the entire IT sector grappling with concerns over client spending in the USA, macroeconomic uncertainties, and AI-led transformation Q1 results underscored the slowdown. Revenue fell 3.3% quarter-on-quarter in constant currency. While deal wins were healthy at $9.4 billion, no mega deals were signed. Management said: 'Delays in decision-making and project starts with respect to discretionary investments continued from Q4FY25 and intensified further in Q1FY26.'The company also announced layoffs of 2% of its workforce, about 12,000 employees. Jefferies flagged the move, warning it 'may lead to execution slippages in the near-term and higher attrition in the longer-run.'Elara downgraded the stock, citing 'delays in discretionary spending' and 'impact of geopolitical tensions in Europe.' Nomura cut its EPS forecasts and target Motors saw its market cap fall 34% or over Rs 1.24 lakh crore. Its stock is down 43% from its record high, impacted by weakening demand and policy headwinds.U.S. President Donald Trump's 25% tariffs on Indian auto exports to the U.S. weighed heavily on sentiment. Q4 FY25 earnings were weak: net profit fell 51% to Rs 8,470 crore, revenue remained flat, and margins analysts remain cautious. 'It would be premature to call a trend reversal in Tata Motors,' said Kunal Kamble. 'Until it closes above Rs 745, bearish pressure remains intact.' Others, like Anuj Gupta, note that monsoons and festival demand may offer some upside, especially in the EV the retail powerhouse behind Zudio and Westside, saw a sharp 32% drop in value since September, erasing Rs 89,078 crore in market cap. It has fallen 24% in 2025 indicated that the core fashion business would deliver around 20% growth in Q1FY26E, far below the 25%-plus growth aspiration for the coming years, triggering disappointment at its AGM.'The soft demand environment and sourcing issues might have impacted this below-consensus result,' HSBC analysts said, pointing to sourcing disruption from cut the stock to 'Hold' and slashed its target price to Rs 5,884 from Rs 6,627. HSBC trimmed its price target as well, while maintaining a 'Buy' and lifestyle major Titan lost over Rs 35,094 crore in market cap, a 10.36% Power erased Rs 31,889 crore, down 20.57% over the 11-months period, while Voltas fell 29.42%, wiping out over Rs 18,168 crore in value. The weakness in these consumer and utility plays reflects a broader slowdown in discretionary demand and sectoral rotation in domestic Communications lost over Rs 12,275 crore, down 20.25%, while Tata Elxsi, a key engineering services firm, fell 23.35%, shaving Rs 11,306 crore in value since September Networks was among the worst performers in terms of percentage decline. The stock plunged over 50.93%, dragging its market cap down by Rs 10,598 crore, amid concerns around telecom capex and weak near-term all Tata stocks India gained 14.28% in market cap, adding over Rs 911 crore, while Indian Hotels rose nearly 6%, increasing its value by Rs 5,943 crore between September 2024 and August Investment Corporation also moved higher by 4.25% during the period. Meanwhile, Benares Hotels, though small in size, posted a 16% rise. Tata Steel , despite global commodity volatility, lost just 4.14%, or Rs 8,614 crore, showing some relative short-term volatility, Tata Sons emphasised long-term value creation in its FY25 annual report, pointing to growth in fundamentals. 'The group nearly doubled revenue and more than tripled net profit and market cap over the past five years,' it markets, for now, are focused on current earnings risk and sectoral trends. With over Rs 8.25 lakh crore in value lost across 11 months, investors may indeed be asking: is it time to revisit your portfolio allocations?: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
14 minutes ago
- Time of India
Jindal Stainless shares plummet 7% after reporting Q1 results
Shares of Jindal Stainless plummeted 7% to their intraday low of Rs 682.05 on the BSE on Thursday after the company posted its Q1FY26 results , even after reporting a 10.6% year-on-year (YoY) growth in net profit . The stainless steel major reported a profit after tax (PAT) of Rs 715 crore for the April–June 2025 period, up from Rs 646 crore in Q1FY25. The company's net revenue grew 8.2% YoY, reaching Rs 10,207 crore in Q1FY26 as against Rs 9,430 crore in the corresponding quarter last year. EBITDA rose 8.1% YoY to Rs 1,310 crore, supported by robust demand from key domestic segments. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tiger meeting her former zookeeper after 5 years. See what happens next! Story To Hear Undo On a quarter-on-quarter (QoQ) basis, PAT grew 21.1% over Q4FY25, while revenue was largely flat with a marginal increase of 0.1%. Jindal Stainless also reported a net debt of Rs 3,869 crore with a net debt-to-equity ratio of 0.2x, reflecting a healthy balance sheet position. In terms of geographical mix, the domestic market contributed 91% to the company's sales in Q1FY26, slightly lower than 92% in Q4FY25, but higher than 90% in Q1FY25. Exports accounted for the remaining 9%, with volumes remaining steady despite global headwinds. Live Events The company credited its domestic growth to strong demand from automotive, metro, white goods, lifts, and elevators. Increased government focus on urbanization, infrastructure, and metro projects helped sustain stainless steel demand, particularly for metro rail systems and urban mobility infrastructure. Jindal Stainless also emphasized the success of its co-branding scheme 'Jindal Saathi Seal', which helped strengthen distributor and partner confidence, especially in the pipes, tubes, kitchenware, and sink categories. Initiatives like the QR Code Loyalty Program were highlighted as enhancing customer engagement. Despite facing geopolitical uncertainties and protectionist measures in major markets like the EU and the US, the company was able to maintain its export volumes. Management attributed this to a strategic focus on value-added products and a tailored approach to global customer needs. The company plans to continue exploring export opportunities in line with its long-term strategic goals. 'Despite continued volatility in the global landscape, Jindal Stainless has reinforced its market leadership underpinned by our customer-centric approach, sustained product and special grades innovation, and continued operational efficiency. We are advancing our presence across high-impact sectors such as railways, automotive, and infrastructure, while unlocking new opportunities across the sectors through strategic partnerships and application-driven offerings,' said Abhyuday Jindal, Managing Director of Jindal Stainless. 'Our initiatives like co-branding programmes and loyalty schemes are redefining customer engagement and operational agility. As stainless steel gains recognition as the material of choice for nation-building, the need for a dedicated national stainless steel policy becomes increasingly imperative,' he added. Also read: Nazara Technologies board to consider bonus issue, stock split on Aug 12; stock jumps 2% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
20 minutes ago
- News18
Gold Rate Today, August 7: Yellow Metal Rises On MCX
Gold Price Today, August 7: In Mumbai, the price of gold stands at Rs 94,000 per 10 grams for 22-carat and Rs 1,02,550 per 10 grams for 24-carat. Gold, Silver Prices In India Today, August 7: Gold and silver prices rose on Thursday, supported by renewed safe-haven demand after US President Donald Trump slapped an additional 25% tariff on Indian imports, escalating trade frictions. In Mumbai, the price of gold stood at Rs 94,000 per 10 grams for 22-carat and Rs 1,02,550 per 10 grams for 24-carat. The price of silver jumped by Rs 1,000 to Rs 1,17,000 per kg. In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.24% at Rs 1,01,505 per 10 gram, while silver (expiring on September 5, 2025) jumped by 0.53% to trade at Rs 1,14,252 per kg. What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 7? Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : Gold price gold prices view comments Location : New Delhi, India, India First Published: August 07, 2025, 10:17 IST News business » savings-and-investments Gold Rate Today, August 7: Yellow Metal Rises On MCX | Check Rates In Your City Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
