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Economic Times
an hour ago
- Business
- Economic Times
Swiggy Q1 Preview: Losses may widen YoY despite up to 56% jump in revenue on Instamart push
Swiggy is set to report its Q1FY26 earnings on Thursday, July 31, where brokerages anticipate continued net losses despite a sharp year-on-year rise in revenue. While food delivery is expected to show steady growth, the quick commerce vertical, Instamart, remains a key area of concern due to ongoing investments and intense competition. ADVERTISEMENT The estimates given by brokerages ICICI Securities, Kotak Institutional Equities, and JM Financial have been taken into account. ICICI Securities expects Swiggy's net loss to widen to Rs 1,060 crore, compared to Rs 611 crore in Q1FY25, though slightly better than the Rs 1,081 crore loss in Equities pegs the loss at Rs 763 crore, narrowing YoY, though relatively flat QoQ, while JM Financial projects the steepest loss of Rs 1,130 crore, expanding YoY and QoQ. ADVERTISEMENT ICICI Securities forecasts Rs 5,098 crore in adjusted revenue, up 46.6% YoY and 8% QoQ, while Kotak estimates topline at Rs 4,811 crore, a 49.3% YoY and 9.1% QoQ Financial is the most bullish with a revenue forecast of Rs 5,021 crore, up 56% YoY and 14% QoQ. ADVERTISEMENT ICICI sees adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) loss at Rs 788 crore, widening sequentially from Rs 733 crore loss in Q4FY25 and higher projects EBITDA loss at Rs 6,118 crore while JM Financial expects it at Rs 990 crore. ADVERTISEMENT ICICI expects an adjusted EBITDA margin of -15.4%, down 543 bps YoY but up 9 bps forecasts a margin loss of 12.7%, with a 388 bps YoY contraction, but a 169 bps QoQ recovery. ADVERTISEMENT Kotak sees 129% YoY revenue growth for Instamart, driven by 113% GMV growth and expansion to 1,171 stores. However, EBITDA losses are estimated at Rs 850 crore, remaining flat QoQ due to fixed costs despite margin margin trends in food delivery amid rising delivery costs, along with competitive intensity in quick commerce from rivals like Zomato. The Street would also like to hear the company's commentary on the path to profitability in Instamart and store expansion plans. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
News18
7 hours ago
- Business
- News18
Larsen & Toubro Jumps 4% On Strong Q1 Earnings: What Should Investors Do?
Last Updated: Shares of Larsen & Toubro (L&T) surged over 4% in morning trade on July 30; Should you buy, sell or hold? L&T Shares Price: Shares of Larsen & Toubro (L&T) surged over 4% in morning trade on July 30, after the engineering and infrastructure major posted robust financial results for the June quarter. The stock was trading at Rs 3,651, making it the top performer on the Nifty 50 index. On July 29, the company reported a consolidated net profit of Rs 3,617 crore for Q1 FY26, registering a 30% year-on-year (YoY) increase from Rs 2,786 crore in the same quarter last year. Revenue from operations rose 15.5% YoY to Rs 63,679 crore, compared to Rs 55,120 crore in Q1 FY25. The company also reported a 33% YoY rise in order inflows, which came in at Rs 94,453 crore for the quarter ended June 30, 2025. L&T attributed this to strong demand, particularly from the Middle East region. Global brokerage Jefferies reiterated its 'Buy' call and raised its target price to Rs 4,230 per share, up from Rs 3,965 earlier. The firm noted that Q1 EBITDA was 7% ahead of estimates, driven by better-than-expected execution. It also said that the company is well-positioned to meet its guidance, though it flagged that the 15% revenue growth outlook appears conservative, given the strong order book. Domestic brokerage JM Financial also maintained a 'Buy' rating on the stock and raised its target price by 12% to Rs 4,313, implying an upside of over 23% from the previous close. The firm called L&T's performance a 'strong positive surprise," especially with order inflows of Rs 94,500 crore, significantly above its own estimate of Rs 56,600 crore. JM Financial added that L&T remains its top infrastructure sector pick, backed by a structural uptick in project tendering in the Middle East. view comments 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.
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Business Standard
8 hours ago
- Business
- Business Standard
Gail shares fall as Q1 profit dips 25%; Should you hold or exit?
Shares of Gail (India) Ltd slipped over 1 per cent on Wednesday after its net profit in the June quarter of the financial year 2026 (Q1FY26) dipped 25 per cent, as losses in the petrochemical and unallocated segments widened. The Public Sector Undertaking (PSU) company's stock rose as fell as 1.4 per cent during the day to ₹180.4 per share. This compares to a 0.02 per cent decline in Nifty 50 as of 9:55 AM. Shares of the company extended their fall after a one-day gain in the previous session. The counter has fallen 5.3 per cent this year, compared to a 5.2 per cent advance in the benchmark Nifty 50. Gail has a total market capitalisation of ₹1.19 trillion. Track LIVE Stock Market Updates Here Gail Q1 results The gas distribution company reported a net profit of ₹2,369.20 crore for Q1 FY26, down 25.5 per cent year-on-year (Y-o-Y) from ₹3,182.93 crore in the same quarter last year. On a quarter-on-quarter (Q-o-Q) basis, the profit was down 4.9 per cent from ₹2,491.76 crore in Q4 FY25. The company registered a marginal increase of 1.7 per cent in its revenue from operations, coming in at ₹35,428.81 crore from ₹34,821.89 crore in Q1 FY25. However, on a sequential basis, the revenue declined 3.1 per cent from ₹36,551.15 crore in the previous quarter. The management lowered its FY26 pipeline volume guidance to 127-128 mmscmd from 138-139 mmscmd, citing Q1 weakness. However, it retained FY26 marketing profit-before-tax (Pbt) guidance at ₹4,000-₹4,500 crore. ALSO READ | Analysts on Gail Q1 earnings Emkay Global said that Gail's standalone Ebitda and net profit missed estimates by 12 per cent and 16 per cent, though broadly in line with consensus expectations. The earnings miss was driven by a 31 per cent shortfall in marketing Ebitda, along with weaker performance in the petrochemical and unallocated segments, it said in a note. On the positive side, gas transmission and LPG segments outperformed, aided by a ₹130 crore claim settlement in the transmission business. The outlook for the petrochemical segment remains cautious, with no profitability guidance provided for FY26, Emkay said. Emkay has cut FY26-27 earnings per share (EPS) estimates by 5-6 per cent. The March 2027 target price has been lowered by 5 per cent to ₹210, maintaining a 'Buy' rating on the stock. JM Financial noted that Gail's petrochemical segment underperformed due to negative operating leverage from a maintenance shutdown, while earnings from the LPG and other hydrocarbons (OHC) segment also came in below expectations. JM Financial maintains a 'Buy' rating with a revised target price of ₹220, citing the likely near-term tariff hike in the gas transmission business and a healthy 5-6 per cent CAGR in transmission volumes over the medium to long term. The brokerage also expects gas trading profitability to remain robust in the near to medium term. Antique Stock Broking maintained its 'Hold' rating with a target price of ₹185. The brokerage believes the Street may be overestimating the value of Gail's pipeline business and the scalability of its trading earnings.
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Business Standard
2 days ago
- Business
- Business Standard
Acme Solar Holdings shares jump 10% post Q1 earnings; check details
Acme Solar Holdings share price today: Shares of renewable energy firm, Acme Solar Holdings, surged 10 per cent on Monday, July 28, 2025, hitting an intraday high of ₹297.48. At 11:35 AM, Acme Solar Holdings shares were trading at ₹293.90, up by 8.75 per cent on the BSE. In comparison, BSE Sensex was trading largely flat, albeit with a negative bias, down by 92 points or 0.11 per cent, quoting 81,370.50. The total market capitalisation of the company stood at ₹17,772.03 crore. The buying interest on the counter came after the company released its earnings for the first quarter of the financial year 2025-2026 (Q1FY26). Acme Solar Holdings Q1FY26 earnings The renewable energy solutions provider reported a 71 per cent surge in revenue from operations to ₹584 crore in Q1FY26, as against ₹340 crore reported in the corresponding quarter of the previous fiscal year. The company's profit after tax (PAT) experienced a robust rise to ₹131 crore in Q1FY26 from just ₹1 crore recorded in the first quarter of FY25. Earnings before interest, taxes, depreciation and amortisation (Ebitda) also rose by 75.7 per cent to ₹531 crore during the quarter under review from ₹302 crore recorded in Q1FY25. Ebitda margins stood at 90.9 per cent during the June quarter. As per brokerage firm JM Financial, the rise in company profits was mainly due to an increase in other income by ₹42.6 crore annually. Meanwhile, PAT margins for the quarter stood at 22.4 per cent as against 0.4 per cent reported in the same period of the last fiscal year. During the June quarter, the company commissioned 250 megawatt (MW) projects, including a 50 MW wind project in Gujarat. As per the exchange filing, this takes Acme Solar's overall operational portfolio to 2,890 MW, indicating a rise of 115.7 per cent on a year-on-year (Y-o-Y) basis. Check List of Q1 results today Brokerage View- Religare Broking On Monday, the stock started the day with a gap-up opening of nearly 6 per cent and extended the gains to 10 per cent in just a single trading session. "Acme solar holdings has been trading on bullish scenario with positive numbers in Q1FY26 with total revenue growing nearly 72 per cent. ACME did really well this quarter, especially in terms of orderbook," said Ravi Singh, SVP-retail research, Religare Broking. However, Singh advised investors to take a 'Buy' stance within the ₹280-₹285 range, signalling a prospective upside of 14.2 per cent. "On technical charts, stock price has given a bullish breakout from the ₹252 level at the start of July month. With the current outlook, the stock is likely to build bullish momentum in the coming sessions and recommend a 'Buy' position within ₹280-₹285 for the upside targets of ₹320 with risk managed at ₹270," he added.
Economic Times
6 days ago
- Business
- Economic Times
Cipla Q1 results preview: Muted US sales to hit revenue YoY. 4 things to watch out for
Cipla will announce its June quarter earnings on Friday, July 25. The drug major is expected to report a mixed performance, marked by healthy India sales and headwinds in the US generics business. ADVERTISEMENT While revenue is forecast to grow in the range of 3.6–9% YoY, EBITDA margins are likely to contract due to a lower contribution from the US segment. Analysts also expect flat to modest growth in profit after tax (PAT), with some even projecting a decline. Investor focus will remain on the trajectory of the US business, pricing trends in key products, and recovery in India's trade generics segment. Estimates from PhillipCapital, Nuvama Institutional Equities, Motilal Oswal Financial Services (MOFSL), and JM Financial were considered. Brokerages expect Cipla's net profit to range from Rs 1,140 crore to Rs 1,380 crore, reflecting a YoY change of -3% to +17.2%, depending on the impact of gRevlimid sales and margin dynamics. PhillipCapital: Rs 1,218 crore, up 2% YoY, 5% QoQ Rs 1,218 crore, up 2% YoY, 5% QoQ Nuvama: Core PAT at Rs 1,140 crore, down 3% YoY, 7% QoQ Core PAT at Rs 1,140 crore, down 3% YoY, 7% QoQ Motilal Oswal: Rs 1,209 crore, up 2.6% YoY Rs 1,209 crore, up 2.6% YoY JM Financial: Rs 1,380 crore, up 17.2% YoY, 13% QoQ Sales are projected to grow between 3.6% and 9% YoY, with modest sequential expansion. Strength in the India business is expected to offset subdued performance in the US. ADVERTISEMENT PhillipCapital: Rs 7,323 crore (+9% YoY | +9% QoQ) Rs 7,323 crore (+9% YoY | +9% QoQ) Nuvama: Rs 7,007 crore (+5% YoY | +4% QoQ) Rs 7,007 crore (+5% YoY | +4% QoQ) Motilal Oswal: Rs 6,933 crore (+3.6% YoY) Rs 6,933 crore (+3.6% YoY) JM Financial: Rs 7,049 crore (+6.4% YoY | +6.8% QoQ) Brokerages expect US revenue to decline 12–13% YoY due to lower gRevlimid prices, weighing on margins. In contrast, the domestic formulations segment is projected to grow 8–9% YoY, supporting topline estimates vary, with margins expected to contract YoY by about 100 basis points due to the drop in high-margin US sales. However, sequential improvement is likely. ADVERTISEMENT PhillipCapital: EBITDA at Rs 1,797 crore, up 5% YoY and 17% QoQ; margin at 24.5%, down 110 bps YoY, up 169 bps QoQNuvama: EBITDA at Rs 1,715 crore, up 15% YoY and 12% QoQ; margin at 24.5% EBITDA at Rs 1,797 crore, up 5% YoY and 17% QoQ; margin at 24.5%, down 110 bps YoY, up 169 bps QoQNuvama: EBITDA at Rs 1,715 crore, up 15% YoY and 12% QoQ; margin at 24.5% Motilal Oswal: EBITDA at Rs 1,629 crore, down 5% YoY; margin at 23.5% EBITDA at Rs 1,629 crore, down 5% YoY; margin at 23.5% JM Financial: EBITDA at Rs 1,834 crore, up 6.9% YoY and 19.3% QoQ (Note: EBITDA figure appears same as PAT; may require clarification) Investors should monitor trends in US revenues, margin outlook, and the recovery in trade generics volume. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
