Q2 saw normalisation of growth in IndiGo; expect lower double-digit growth in Q3: Pieter Elbers
IndiGo’s CEO, Pieter Elbers, discusses the airline’s growth, the impact of seasonal trends, and increased travelers post-COVID. Despite facing high grounded aircraft numbers, supply chain issues, and extra costs, IndiGo sees improvements and anticipates better performance in the coming quarters. The company is adjusting growth to seasonal patterns and plans for international expansion.
Ambuja Cements Q2 Results: Standalone profit falls 22% YoY to Rs 501 crore
Ambuja Cements reported a standalone net profit of Rs 501 crore for the second quarter ended September 2024, marking a 22% decline year-on-year from Rs 644 crore in the same quarter last year.
SpiceJet shares up 4% on launching 32 new flights to expand domestic, international connectivity
SpiceJet Shares Price: SpiceJet shares rose 4.2% after announcing 32 new flights for winter, enhancing connectivity. The airline aims to improve customer experience with increased frequencies and routes.
Market slowdown driven by tepid Q2 earnings and election-linked spending cuts: Hiren Ved
So, spending is down 35% year-on-year or compared to what was budgeted and I think that is causing a little bit of a slowdown in the economy, apart from other reasons.
Cipla Q2 results preview: 3-6% revenue uptick seen, net profit may rise by up to 5.7%
Cipla is set to report a 3-6% revenue growth for the September quarter, as forecasted by four brokerages. The earnings for Q2FY25 will be announced on October 29, 2024. Estimates for net profit also show a potential increase of 4-5.7%. Different brokerages provided varying figures for revenue and profit expectations.
Reliance Industries shares turn ex-bonus today. Here’s what shareholders need to know
Reliance Share Price: Reliance Industries shares turned ex-bonus today with a 1:1 issue, marking its sixth and largest in Indian history. The stock has surged nearly 270% since the last bonus in 2017.
Nuvama Wealth Management Q2 revenue jumps 50%, operating PAT rises 77%
Nuvama Wealth Management reported a 50% revenue increase to Rs 740 crore, with strong growth in wealth and asset management, and an optimistic outlook for India’s economic future.
Afcons Infrastructure IPO lags with 18% subscription on Day 2 so far. GMP drops to 4%. Check details
Afcons Infrastructure’s IPO was only 18% subscribed on day two. Analysts recommend long-term investment, citing a strong business model despite challenges like low profit margins and government dependency.
Oil price swings won’t derail IndiGo’s long-term growth: Sandip Sabharwal
The base case is that obviously there will be some loans which will go bad, etc. So, the space is decently poised I would think at this point of time
IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest?
IndiGo Share Price: InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY. Revenue rose 14% to ₹16,970 crore. Major reasons include aircraft groundings and high fuel costs. Analysts have adjusted target prices and ratings accordingly.