Deepak Nitrite's weak chemical margin comes as a shock catalyst
1 month, 1 week ago

Deepak Nitrite's weak chemical margin comes as a shock catalyst

Live Mint  

Shares of Deepak Nitrite Ltd tanked 15% on Friday in response to the company's weak December quarter earnings. The weak quarterly performance also raised concerns about downside risks to analysts’ estimates that project linear net profit growth from FY25 to FY27. Bloomberg consensus estimates peg the company’s FY25 net profit at ₹814 crore—a tall order, even assuming Q4 net profit would double from the December quarter's unusually low ₹98 crore. While the company refrained from sharing any specific margin number to define “normalized" during concall, it should be noted thatDeepak Nitrite's annual Ebitda margin has never been less than 14% at least since FY19.

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Deepak Nitrite share price tanks over 14% to hit 52-week low after Q3 results? Should you buy on dips or sell?
1 month, 2 weeks ago

Deepak Nitrite share price tanks over 14% to hit 52-week low after Q3 results? Should you buy on dips or sell?

Live Mint  

Deepak Nitrite share price plunged over 14% on Friday after the company reported weak Q3 results. Deepak Nitrite shares declined as much as 14.10% to a fresh 52-week low of ₹1,921.40 apiece on the BSE. Deepak Nitrite share price has seen a sharp correction as the chemical stock has fallen 16.5% in one month and nearly 22% year-to-date. On the …

Stocks to Watch: NHPC, Oil India, Cipla, L&T Finance, BHEL, Delhivery, and more
1 month, 2 weeks ago

Stocks to Watch: NHPC, Oil India, Cipla, L&T Finance, BHEL, Delhivery, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. NHPC: State-owned NHPC Ltd reported a 52.5 percent year-on-year decline in net profit to ₹231 crore for Q3 FY25, compared to ₹486.7 crore in the same quarter last year. Oil India: State-owned Oil India Ltd posted a 22.88 percent YoY decline in net profit to ₹1,221.80 …

Stocks to Watch before Budget 2025: ONGC, Vedanta, IndusInd Bank, Sun Pharma, and more
1 month, 3 weeks ago

Stocks to Watch before Budget 2025: ONGC, Vedanta, IndusInd Bank, Sun Pharma, and more

Live Mint  

Indian stock markets are open today, Saturday, February 1, due to Budget Day. IndusInd Bank: IndusInd Bank posted a 39 percent YoY decline in standalone net profit for Q3FY25, coming in at ₹1,401 crore, compared to ₹2,298 crore in the same period last year. City Union Bank: City Union Bank reported a 13 percent YoY increase in net profit for …

Weakest 5 pc corporate earnings in last five years forecast for FY25 by Motilal Oswal
3 months, 4 weeks ago

Weakest 5 pc corporate earnings in last five years forecast for FY25 by Motilal Oswal

Live Mint  

New Delhi, November 29 : Nifty earnings are expected to witness a modest growth of 5 per cent in FY25, marking the first year of single-digit growth in the past five years, according to a report by Motilal Oswal. "Since August 2024, we have reduced our FY25 estimates for Nifty EPS by 5 per cent, and we now expect a …

Deepak Nitrite Q2 Results 2024: Profit Falls by 5.31% YOY
4 months, 2 weeks ago

Deepak Nitrite Q2 Results 2024: Profit Falls by 5.31% YOY

Live Mint  

Deepak Nitrite Q2 Results 2024:Deepak Nitrite declared their Q2 results on 13 Nov, 2024, revealing a mixed performance for the quarter. The operating income also faced challenges, down by 4.84% quarter-over-quarter and 5.24% year-over-year, indicating that the company is struggling to maintain profitability amidst rising costs. As of 14 Nov, 2024, Deepak Nitrite has a market capitalization of ₹34,010.97 crore, …

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal
1 year, 7 months ago

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal

Live Mint  

India Inc. has begun the financial year 2023-2024 on a strong footing with robust Q1 results. Domestic brokerage firm Motilal Oswal Financial Services raised its FY24 earnings estimates from Nifty50 stocks by 2.5% to ₹988 on the back of robust Q1 results by corporates that could support overall bullish economic outlook for India. Nifty posted a beat with EBITDA and …

NIIT reports Q4 net loss of ₹9.4 crore
1 year, 9 months ago

NIIT reports Q4 net loss of ₹9.4 crore

Live Mint  

NIIT Ltd, a talent development company, reported a consolidated net loss of ₹9.4 crore in the quarter ending March 2023 as compared to a net profit of ₹68.4 crore earned during the same quarter last year. The Board of NIIT had recently announced that its Corporate Learning Business undertaking has been transferred to NIIT Learning Systems Limited upon the Composite …

NIIT Technologies shares jump 20% after company reports 11.4% rise in Q4 consolidated net profit
4 years, 10 months ago

NIIT Technologies shares jump 20% after company reports 11.4% rise in Q4 consolidated net profit

Firstpost  

Shares of NIIT Technologies on Wednesday zoomed 19.53 percent after the company reported a 11.4 percent rise in consolidated net profit for March 2020 quarter New Delhi: Shares of NIIT Technologies on Wednesday zoomed 19.53 percent after the company reported a 11.4 percent rise in consolidated net profit for March 2020 quarter. NIIT Technologies on Tuesday reported a 11.4 percent …

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