Select Page

Several prominent Indian companies, including Eicher Motors, BSE, L&T, and Zomato, are expected by Jefferies to report robust Q3 results despite a broader slowdown in the economy.

Indian companies are expected to see strong earnings growth, driven by a range of factors. Two-wheeler makers Eicher Motors and TVS Motor Co. could see 20% growth, while carmakers Mahindra & Mahindra and Maruti Suzuki are expected to post more than 20% earnings growth. Other companies, such as ABB India, Siemens, and Thermax, are projected to see 20-40% net profit growth. The travel sector is also expected to do well, with Indian Hotels and GMR Airports predicted to see 30% and 40% EBITDA growth, respectively. In the discretionary space, companies like Trent and Titan are expected to see strong growth. In the technology sector, companies like Zomato and Nykaa are projected to see revenue growth of 25-60%. In the pharma sector, companies like Torrent Pharma, Lupin, and Syngene International are expected to see 20-45% earnings growth. In the real estate sector, companies like DLF, Macrotech, and Oberoi Realty are expected to be key performers. Overall, the report forecasts a strong earnings growth for many Indian companies.

Hindustan ABB Limited reports a significant 50.02% year-over-year increase in its Q2 profits.

Here is a 200-word summary of the ABB India Q2 Results Live:

ABB India has reported its Q2 2022 financial results, showcasing a significant surge in profits. The company’s profit has increased by 50.02% year-over-year (YoY), a significant improvement compared to the same period last year. This substantial rise in profits has been attributed to the company’s efforts to reduce costs and focus on increasing productivity.

According to the financial statement, the company’s standalone revenue has seen a growth of 14.4% YoY, driven primarily by strong performance in the E-mobility and Solar Power segments. On the other hand, the net profit margin improved to 16.6%, up from 13.9% in Q2 2021. These results are impressive, indicating that ABB India is recovering strongly from the impacts of the global pandemic and market fluctuations.

Moreover, the company’s free cash flow from operating activities improved substantially, highlighting ABB India’s ability to maintain a robust balance sheet and provide a buffer for future uncertainties. Overall, ABB India’s Q2 performance is promising, reflecting the company’s ability to adapt and perform well despite industry challenges. The results provide investors with renewed optimism about the company’s long-term prospects and capabilities.

ABB India successfully supplies 85% of its indigenous integrated analytical system to global customers.

A subsidiary of ABB, a leading technology company, announced that it has delivered 85% of its integrated analytical systems manufactured at its Bengaluru facility to international customers by the end of 2024. The systems were shipped to countries such as Argentina and the United Arab Emirates, and the company is currently working on projects for Canada and Australia. This achievement marks a milestone in the company’s strategy to manufacture high-quality products in India under the “Make in India” initiative. Separately, Waaree Energies, a renewable energy company, has joined the United Nations Global Compact (UNGC), a global initiative that encourages businesses to adopt sustainable practices and commit to ethical and environmental standards. By joining the UNGC, Waaree Energies has demonstrated its commitment to implementing socially responsible policies and supporting global sustainability goals. This move reflects the company’s dedication to contributing to a more sustainable future.

ABB India Reports 85% Adoption of Indigenous Analytical Systems by Global Clients, Achieving Significant Milestones in its Export Initiatives

ABB India has announced that it has delivered 85% of its integrated analytical systems from its Bengaluru facility to international customers in 2024. The systems were exported to countries such as Argentina, the United Arab Emirates, and production is currently ongoing for Canada and Australia. This achievement marks a milestone in the “Make in India” initiative, which is celebrating its 10-year anniversary. Additionally, Waaree Energies has joined the United Nations Global Compact (UNGC), committing to sustainable practices that promote human rights, labor standards, environmental stewardship, and anti-corruption. The company’s move reflects its commitment to socially responsible policies and support for global sustainability goals.

Market Updates: HAL, Tata Power, Yes Bank, ABB India, JK Tyre – Recommendations Inside!

NDTV Profit provides its analysis of four stocks – HAL, Tata Power, Yes Bank, and ABB India – advising investors to take a position in these shares. Here’s a brief summary:

* Hindustan Aeronautics Limited (HAL): Hold. Despite the company’s strong financials and upcoming orders, the stock’s valuation is expensive, and investors should wait for a correction.
* Tata Power: Buy. The stock has seen a significant drop in price and is undervalued. The company’s restructuring efforts and its renewable energy business make it an attractive buy.
* Yes Bank: Hold. The bank’s asset quality remains a concern, but its liquidity position has improved. Investors should wait for a clear improvement in asset quality before taking a call on the stock.
* ABB India: Hold. The company’s sales growth has been weak due to industry-wide trends. However, its dividend yield is attractive, and investors may consider holding the stock for the dividend payouts.

Overall, NDTV Profit advises investors to be cautious and selective in their approach, as the market conditions are volatile. It’s essential to assess each stock’s individual fundamentals and performance before making an investment decision.

_______________________