Delhivery Q1 Results: Net Profit surges 68% YoY to Rs 91 crore
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
an hour ago
- India.com
RBI Policy Meet, US Tariff, Among Key Triggers For Market Next Week
New Delhi: Indian equity markets are set for a critical week as a mix of domestic and global triggers weigh on investor sentiment. After experiencing selling pressure for the past few sessions, markets remain under pressure from rising global risks, weak corporate earnings, and persistent FII outflows. The Sensex fell 0.72 per cent to 80,599.91 on Friday, while the Nifty 50 fell 0.82 per cent to close at 24,565.35. For the week, both benchmarks fell 1.1 per cent, resulting in five weeks of losses, the longest losing run in two years. With the decision due on August 8, all eyes will be on the RBI's monetary policy meeting, which is scheduled for August 4-6. A 25-basis-point rate cut is anticipated to boost credit expansion before the holiday season. A significant increase in the value of the US dollar put additional strain on emerging markets globally. Last week, the dollar index saw its biggest weekly gain in almost three years, rising 2.5 per cent to surpass the 100 mark. A stronger dollar has made borrowing more expensive and sparked worries about capital flight. Over Rs 27,000 crore has been taken out by foreign institutional investors in nine sessions, including Rs 5,588.91 crore on Thursday alone. With the long-to-short ratio falling to 0.11 and short interest in index futures reaching 90 per cent, bearish wagers have increased. The pressure has increased due to the weak Q1 earnings. Major banks have reported modest profit growth, which has kept overall sentiment muted, and the Nifty IT index has fallen 10 per cent in the last month. Notably, the US has imposed a 25 per cent tariff on India. It has also imposed an additional unspecified penalty for India's trade with Russia for defence equipment and crude oil, affecting the market sentiment.
Indian Express
2 hours ago
- Indian Express
Stocks to Watch on Monday, August 4: Coal India, Tata Motors, L&T, ITC, LIC Housing Finance, PC Jeweller and more
Stocks to Watch: Shares of several companies will remain in focus on Monday (August 4) including Bajaj Auto, Coal India, Tata Motors, L&T, ITC, LIC Housing Finance, and PC Jeweller, among others. On Friday (August 1), equity benchmark indices Sensex and Nifty declined sharply for the second straight session on Friday, tracking deep losses in pharma, metal, and IT stocks amid trade-related concerns and widespread selling pressure in global markets. In a volatile trade, the 30-share BSE Sensex tumbled 585.67 points or 0.72 per cent to settle at 80,599.91. During the day, it dropped 690.01 points or 0.84 per cent to 80,495.57. As many as 2,712 stocks declined while 1,306 advanced and 151 remained unchanged on the BSE. The 50-share NSE Nifty declined 203 points or 0.82 per cent to 24,565.35. Bajaj Auto has Friday reported a 3 per cent year-on-year growth in total vehicle wholesales, including exports, at 366,000 units in July. The Pune-based automaker had sold 3,54,169 vehicles in July 2024, according to a regulatory filing. Commercial vehicles maker Ashok Leyland on Friday reported 8 per cent year-on-year increase in total sales at 15,064 units in July. The company had sold a total of 13,928 units in July 2024, the Chennai-based firm said in a statement. Renewable energy solutions provider Suzlon has secured a 381 MW wind energy order from Zelestra India and its affiliates for its first-ever Firm and Dispatchable Renewable Energy (FDRE) project. The 381 MW project, involving 127 of Suzlon's S144 turbines, will be spread across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW), a company statement said. Mahindra & Mahindra posted a 26 per cent year-on-year increase in total sales at 83,691 units in July, as compared to 66,444 units in the same month last year. In the utility vehicles segment, the Mumbai-based automaker sold 49,871 units in the domestic market, a growth of 20 per cent, as compared to 41,623 units in July last year. Fintech firm One MobiKwik Systems has reported its consolidated loss widening to Rs 41.9 crore in the June quarter, compared to a loss of Rs 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at Rs 271.3 crore, a 20.7 per cent decline from Rs 342.2 crore in Q1 FY25, as per a regulatory filing. State-owned NBCC has signed a pact to develop land parcels owned by the Department of Post. In a regulatory filing on Friday, NBCC informed that it has signed a Memorandum of Understanding (MoU) with Department of Post on July 30, 2025, for 'development of various land parcels on PAN India basis on NBCC's redevelopment self sustainable mode'. GlaxoSmithKline Pharmaceuticals on Friday said its consolidated net profit increased 12 per cent year-on-year to Rs 279 crore for the June quarter. The drug firm had reported a net profit of Rs 249 crore for the June quarter of the last fiscal. Total income declined marginally to Rs 849 crore for the first quarter as compared with Rs 850 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing. State-owned CIL on Friday reported a six per cent drop in production at 229.8 million tonnes (MT) in the April-July period of the current financial year even as the government is making efforts to increase the output to cut imports. The company had produced 244.3 MT of coal in the corresponding period of the previous fiscal, Coal India Ltd (CIL) said in a filing to BSE. Larsen & Toubro (L&T) has bagged an order in the range of Rs 2,500-5,000 crore from Vedanta group firm Hindustan Zinc for designing and commissioning of one of its plants. The project has been awarded to the minerals and metals business vertical of L&T, a company filing said. Tata Motors on Friday said its total wholesales dipped 4 per cent year-on-year to 69,131 units last month as compared with 71,996 units in July 2024. The company's total domestic dispatches declined 12 per cent to 39,521 units last month against 44,725 units in July last year, the auto major said in a statement. Private sector lender IDFC First Bank on Friday said it has mobilised Rs 4,876 crore by allotting convertible cumulative preference shares (CCPS) to Currant Sea Investments B.V., an affiliate company of global growth investor Warburg Pincus. The board of directors of the bank (Board Committee) has on Friday approved the preferential allotment of 81,26,94,722 CCPS of face value of Rs 10 at an issue price of Rs 60 per unit to Currant Sea Investments B.V., aggregating to Rs 4,876 crore, IDFC First Bank said in a regulatory filing. LIC Housing Finance on Friday reported a 5 per cent increase in its profit to Rs 1,360 crore in the first quarter of the current fiscal. LIC-promoted housing finance company had reported a profit of Rs 1,300 crore in the year-ago period. The total income increased to Rs 7,233 crore during the quarter against Rs 6,784 crore in the same period last year, LIC Housing Finance said in a regulatory filing. ITC Ltd on Friday reported a consolidated profit of Rs 5,343.41 crore for the June quarter. The company had posted a consolidated profit of Rs 19,807.88 crore in the year-ago period, according to a regulatory filing from ITC. ITC's revenue from operations was at Rs 23,129.35 crore in the June quarter. It was Rs 20,376.36 crore in the corresponding quarter of the previous fiscal year. P C Jeweller Ltd reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June 2025. Its net profit stood at Rs 156.06 crore in the year-ago period. Total income surged to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.78 crore in the corresponding period of the preceding year, according to a regulatory filing. JK Lakshmi Cement Ltd has reported over twofold increase in consolidated net profit at Rs 149.88 crore for the June quarter of 2025-26 financial year. The company, which completed the merger of subsidiary Udaipur Cement Works, had posted a profit of Rs 56.68 crore in the April-June period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKLC), a flagship company of JK Organisation. Total income was up 11.8 per cent at Rs 1,763.14 crore in the June quarter, helped by volume gains. It was at Rs 1,576.96 crore in the corresponding quarter. Electrification and automation major ABB India on Saturday posted a 20 per cent fall in net profit to Rs 352 crore during the June quarter compared to the year-ago period, primarily due to the impact of forex volatility and higher expenses. The company had reported profit after tax of Rs 443 crore in the same quarter of 2024, a company statement said. The company follows January-December financial year. Federal Bank's net profit declined by 15 per cent to Rs 862 crore in the June quarter as a compression in margins impacted core income and an uptick in bad assets led to higher provisions. The bank management said that the second half of the fiscal year must see higher credit growth, and also an uptick in the net interest margins, and blamed the industry-wide issues on the microfinance front for the uptick in non-performing assets. (With inputs from PTI)
India.com
3 hours ago
- India.com
Top 10 Largest Firms Shed Rs 1.35 Lakh Crore In A Week; IT Firms Lead Losses
New Delhi: The combined market valuation of seven of the 10 most valued firms in India lost Rs 1.35 lakh crore in market capitalisation last week, with tech giant Tata Consultancy Services (TCS) suffering the biggest loss. The valuation of TCS dipped by over 3 per cent and lost Rs 47,487 crore to reach around Rs 10.87 lakh crore. Last week, Nifty, the NSE benchmark, dropped over 270 points, or 1.09 per cent. TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance faced a combined erosion of Rs 1,35,349 crore from their market valuation last week. Though a weak sentiment prevailed in the stock market due to global trade concerns, particularly the pressure on IT stocks like TCS and Infosys were the major movers. The Nifty IT index lost 9.4 per cent in July, marking its second-largest dip this year. Earnings below expectations, global tech weakness and restructuring challenges due to artificial intelligence (AI) were the main factors. TCS announced plans to lay off 12,200 mid- and senior-level employees. The market capitalisation of Bharti Airtel lost Rs 29,936 crore to reach around Rs 10.75 lakh crore. Bajaj Finance's valuation was down Rs 22,806 crore to around Rs 5.45 lakh crore, and that of Infosys dropped by Rs 18,694 crore to Rs 6.11 lakh crore. The State Bank of India (SBI) saw its market value drop by Rs 11,584.43 crore to Rs 7,32,864 crore. ICICI Bank dropped by Rs 3,608 crore to reach Rs 10,50,215 crore, while LIC lost Rs 1,233 crore to touch Rs 5,59,509 crore in market capitalisation.
