Now Reading: SBI, Hindalco report stronger Q1 profits as 190-plus firms post results
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SBI, Hindalco report stronger Q1 profits as 190-plus firms post results
SBI, Hindalco report stronger Q1 profits as 190-plus firms post results
SBI’s standalone profit rose 10.2% year on year to Rs 21,121.22 crore in Q1FY27, while Hindalco’s standalone profit doubled to Rs 4,784 crore, The Hindu BusinessLine reported on August 7. Godrej Consumer…
The Story in Brief
SBI’s standalone profit rose 10.2% year on year to Rs 21,121.22 crore in Q1FY27, while Hindalco’s standalone profit doubled to Rs 4,784 crore, The Hindu BusinessLine reported on August 7. Godrej Consumer Products posted consolidated profit of Rs 504.52 crore, a marginal increase, and BEML narrowed its standalone loss to Rs 27.26 crore.
More than 190 companies were scheduled to announce results for the quarter ended June 30, according to Mint. NDTV Profit put the number at over 200. Titan, Ola Electric Mobility, Power Finance Corporation, Oil India, NLC India and several others were among the companies in focus. The Sensex closed 455.59 points lower at 78,499.17, while the Nifty fell 65.35 points to 24,570.65, BusinessLine reported.
The Indian Opinion
The day’s headlines may tempt investors to treat a few profit gains as proof of a broad corporate recovery. That would be too quick. SBI’s result is strong, but BEML still reported a loss, while Ola Electric’s result was awaited and brokerages expected revenue to fall. The useful test is not the number of companies reporting, but how many deliver better margins and guidance in the next quarter.
Sources (3): ndtvprofit.com, thehindubusinessline.com, livemint.com
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
