Bottomline Financial News

15.08 / 08:57

UPS Provident NIFTY SENSEX Bottomline Taking advantage of India's growth story from these duopolies: 4 stocks with upside potential of up to 25 %

The fall in Sensex and Nifty of the last four weeks may have caused a loss to traders. But for the bottomline of stock exchanges and bank-end service providers to that transaction, it does not matter.

15.08 / 08:43

film Bottomline Uflex Q1 Results: Firm posts loss of Rs 416 crore

Uflex Ltd has posted a consolidated loss after tax of Rs 416 crore in the first quarter ended June 30, 2023 impacted by a change in the Forex Policy of the Central Bank of Nigeria. The company had posted a consolidated profit after tax of Rs 375 crore in the same quarter last fiscal, Uflex Ltd said in a statement.

09.08 / 15:41

COST UPS Bottomline performer Hero Hero MotoCorp Q1 Preview: PAT may surge 42% YoY; price hikes to aid sales growth

Hero MotoCorp is expected to report year-on-year growth in revenue for the quarter ended June despite a drop in volumes, primarily due to price hikes undertaken by the company. Higher prices and a richer product mix are likely to aid the operational performance of the company. The country’s largest two-wheeler maker is likely to report a 42% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 887 crore, according to the average of estimates given by 13 brokerages.

09.08 / 12:01

COST Bottomline Power Tata Power Q1 Results: PAT jumps 22% YoY to Rs 972 crore, sales rise 5%

Tata Power on Wednesday reported a 22.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 to Rs 972.49 crore. Consolidated revenue from operations grew nearly 5% YoY to Rs 15,213.29 crore.

09.08 / 08:37

FIVE NIFTY Bottomline performer country PSU Banks Q1 results update: PNB, SBI lead as lenders on a strong footing, double the bottomline

₹34,418 crore as compared to a net profit of ₹15,307 crore recorded in the April-June quarter of FY23. The net interest margin of PSU banks during Q1FY24 grew at an average of more than 3%, lifted by the high interest rate regime. “PSU banks are witnessing late benefits of credit growth and improving asset quality.

07.08 / 05:41

UPS Lowe's Target Booking Bottomline Should you buy SBI shares despite miss on margins? What brokerages say

SBI) in the June quarter earnings, a clutch of brokerages remain optimistic about its prospects and reiterated their buy view on the stock. Foreign brokerage Jefferies noted that asset quality is holding up for the PSU bank while Kotak Institutional Equities sees a limited downside and called SBI its top pick in the space. Nuvama maintained its buy on strong asset quality though it put NIMs and loan growth as key monitarables for the counter.

04.08 / 09:47

COST UPS Lowe's Bottomline LIC Housing shares jump 10% on strong June quarter earnings

LIC Housing Finance on Thursday reported standalone net profit of Rs 1,324 crore in the April-June quarter, up from Rs 925 crore posted in the year-ago period. The housing finance subsidiary’s standalone total income for the quarter under review stood at Rs 6,747 crore against Rs 5,291 crore — up 27% YoY. The interest income also increased to Rs 6,704 crore from Rs 5,250 crore in the same quarter a year ago.

04.08 / 08:23

Bottomline SBI Q1 Results: Profit zooms 178% YoY to Rs 16,884 crore, beats estimate

SBI) on Friday beat Street expectations by reporting a 178.24% year-on-year (YoY) jump in its June 2023 quarter profit at Rs 16,884 crore. An ET Now poll had pegged the bottomline estimate at Rs 15,000 crore.

03.08 / 08:59

COST SUN Bottomline Time Sun Pharma Q1 Results: Cons PAT falls 2% YoY to Rs 2,023 crore on one-time expense

Sun Pharmaceutical on Thursday reported a nearly 2% year-on-year (YoY) drop in consolidated net profit for the quarter ended June 2023 to Rs 2,023 crore. Revenue from operations increased nearly 11% on year to Rs 11,941 crore.

03.08 / 00:43

UPS Oracle Bottomline performer star Link plunges to $418m loss on British woes

Link Group will plummet to a bottomline loss of $418 million in the 12 months to June 30 because of heavy one-offs and provisions stemming mainly from a messy exit from a troubled United Kingdom business.

22.07 / 08:41

COST UPS Booking CEO Bottomline YES Bank Q1 Results: Profit rises 10% YoY to Rs 343 crore; NII up 8%

YES Bank on Saturday reported a 10.26% year-on-year (YoY) rise in its standalone June quarter profit at Rs 342.52 crore. The private lender's bottomline was higher than analyst expectations. Its net interest income was up 8.1% from a year ago and stood at Rs 1,999.6 crore.

21.07 / 17:51

UPS Target Aware Bottomline country social View: May a thousand CSR projects bloom

India became the first country to make CSR mandatory, and today, more than 80% companies in India have CSR programmes. This is more than what is reported from Malaysia, Japan, South Korea, Thailand, Singapore and the Philippines, even though they are more prosperous than India. Yet, India's CSR programmes are underestimated at the global level.

21.07 / 11:35

COST UPS Bottomline Reliance Jio Reliance Jio Q1 Results: Profit rises 12% YoY to Rs 4,863 crore, but misses estimates

Reliance Jio reported a 12% year-on-year (YoY) rise in standalone net profit for the quarter ended June 2023 to Rs 4,863 crore. Revenue from operations increased nearly 10% to Rs 24,042 crore.

20.07 / 16:15

COST NIFTY Bottomline show performer JSW Steel Q1 Preview: Lower sales, realisation to mar show; FY24 outlook crucial

JSW Steel Ltd is likely to report weak earnings for the quarter ended June, primarily due to sluggish sales volumes and sharply lower realisations. India’s largest steel producer is seen reporting a 14% year-on-year (YoY) drop in consolidated net profit for the quarter to Rs 722.4 crore, according to the average of estimates given by seven brokerage firms. The consolidated revenue is seen rising just 4% YoY to Rs 39,626 crore.

20.07 / 10:51

COST FIVE CEO Action Software Bottomline guidance Infosys Q1 Results: PAT rises 11% YoY to Rs 5,945 cr; firm sharply trims FY24 revenue growth guidance

Infosys on Thursday reported nearly 11% year-on-year (YoY) growth in consolidated net profit for the June quarter to Rs 5,945 crore. The bottomline was lower than the ET Now poll of Rs 6,150 crore. Consolidated revenue for the quarter increased by 10% YoY to Rs 37,933 crore.

20.07 / 10:27

COST IPO Bottomline performer Utkarsh Small Finance Bank revises listing date to Friday. Here's what GMP signals

Utkarsh Small Finance Bank has moved its listing date to two days prior than initially planned. The company's shares will now debut on the exchanges on Friday, July 21. According to market sources, the company's shares are commanding a premium of Rs 15 in the unlisted market, which indicates a robust listing gain of around 60%.

19.07 / 10:29

COST Action Bottomline show performer beautiful Hindustan Unilever Q1 Result Preview: Net profit may rise by 16% YoY; Volume growth pegged at 6%

FMCG giant, is expected to report net profit of ₹2,674 crore in the first quarter of FY24. The company’s bottomline is likely to see a growth of around 16% year-on-year (YoY) and 8% quarter-on–quarter (QoQ). Hindustan Unilever’s revenue in Q1FY24 is likely to be around ₹15,550 crore, witnessing a growth of 9% YoY with 4% realisation growth.

19.07 / 09:19

UPS Software TCS Bottomline show performer Infosys Q1 Preview: Global headwinds to constrain performance; FY24 outlook key

Infosys is expected to look good on a year-on-year basis, it will likely be muted sequentially in a quarter that is usually the strongest for the technology sector. The company’s consolidated net profit is seen rising a mere 1% sequentially to Rs 6,185 crore, according to the average of estimates given by 13 brokerages. On a year-on-year (YoY) basis, the bottomline is seen 15% higher.

18.07 / 03:15

Bottomline dividend RIL to consider paying dividend to investors after nearly a year

Reliance Industries Ltd (RIL) will consider paying a dividend to its investors, along with its financial results for the first quarter ended June on Friday. «We wish to inform you that at the Board meeting scheduled on July 21, it is proposed to recommend a dividend on equity shares of the company for the financial year ended March 2023,» the company said in a filing. The latest dividend, if approved by the Board, will be for FY23 and a first in nearly a year.

15.07 / 06:19

Provident Bottomline Reliance Industries Reliance Industries to declare first quarter results on July 21

Reliance Industries Ltd has said its board will meet on July 21 to consider and approve the financial results for the quarter ended June. Besides earnings, Dalal Street investors will be closely tracking any fresh announcements around Jio Financial Services. This is because RIL has fixed July 20 as the record date for the demerger of Reliance Strategic Investments, which will be renamed Jio Financial Services.

12.07 / 10:01

COST UPS Booking Software Bottomline guidance fall Wipro Q1 Preview: PAT, sales may fall QoQ; guidance for Q2 likely to be soft

Wipro Ltd is likely to report a drop in both revenue and profit for the quarter ended June, weighed down by unfavorable business environment and subdued tech spending by clients. In dollar terms, analysts expect the company to report a 2% sequential decline in revenue in constant currency terms, which is at the midpoint of its guided range. For its IT services revenue, Wipro had offered a guidance in the range of $2,753 million to $2,811 million — translating to a decline of 1-3% sequentially.

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