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Economic Times
3 hours ago
- Business
- Economic Times
Tata Steel Q1 Results: Cons PAT surges 116% YoY to Rs 2,078 crore despite 3% revenue fall
Tata Steel on Wednesday reported a 116% year-on-year growth in its Q1 consolidated net profit to Rs 2,078 crore compared to Rs 960 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company. ADVERTISEMENT The company's revenue from operations stood at Rs 53,178 crore which was down 3% versus Rs 54,771 crore posted in the corresponding quarter of the last financial year. The PAT was higher than Street's estimates of Rs 1,720 crore while revenue also beat the estimates of Rs 50,264 crore. More to come... (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 hours ago
- Business
- Time of India
Tata Steel Q1 Results: Cons PAT surges 116% YoY to Rs 2,078 crore despite 3% revenue fall
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Tata Steel on Wednesday reported a 116% year-on-year growth in its Q1 consolidated net profit to Rs 2,078 crore compared to Rs 960 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company's revenue from operations stood at Rs 53,178 crore which was down 3% versus Rs 54,771 crore posted in the corresponding quarter of the last financial PAT was higher than Street's estimates of Rs 1,720 crore while revenue also beat the estimates of Rs 50,264 net profit increased 60% on a sequential basis versus Rs 1,301 crore in the January-March quarter while the topline declined 5.4% over Rs 56,218 crore posted by the company in company's board today approved acquisition of 26% equity stake in TP Adarsh where it will infuse of an amount up to Rs 6 crore, in one or more to come...
San Francisco Chronicle
5 hours ago
- Business
- San Francisco Chronicle
Evercore: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Evercore Inc. (EVR) on Wednesday reported net income of $97.2 million in its second quarter. The New York-based company said it had earnings of $2.36 per share. Earnings, adjusted for one-time gains and costs, came to $2.42 per share. The investment bank posted revenue of $838 million in the period. Its revenue net of interest expense was $838.9 million, surpassing Street forecasts.
San Francisco Chronicle
5 hours ago
- Business
- San Francisco Chronicle
Stifel: Q2 Earnings Snapshot
ST. LOUIS (AP) — ST. LOUIS (AP) — Stifel Financial Corp. (SF) on Wednesday reported net income of $155.1 million in its second quarter. The company, based in St. Louis, said it had earnings of $1.34 per share. Earnings, adjusted for non-recurring costs, were $1.71 per share. The brokerage and investment banking firm posted revenue of $1.28 billion in the period. Its revenue net of interest expense was $1.28 billion, beating Street forecasts.
San Francisco Chronicle
5 hours ago
- Business
- San Francisco Chronicle
Entergy: Q2 Earnings Snapshot
NEW ORLEANS (AP) — NEW ORLEANS (AP) — Entergy Corp. (ETR) on Wednesday reported second-quarter profit of $472 million. On a per-share basis, the New Orleans-based company said it had net income of $1.05. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share. The power company posted revenue of $3.33 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $3.22 billion. _____
