Robust Financial Results: 120 Companies Post Over 100% Jump in Profit in Q1 FY25
Zomato, Suzlon, PNB, Shakti Pumps among companies that reported strong profits in Q1 FY25. Market analysts bullish on these firms.
ZomatoSuzlonPnbShakti PumpsMacrotech DevelopersReal EstateFinancial ResultsStock MarketInvestmentReal EstateAug 04, 2024
Among the well-known names on the list, the net profit of food delivery aggregator Zomato climbed manifold to Rs 253 crore during the quarter under review. It reported a profit of Rs 2 crore in the corresponding quarter last year.
According to Emkay Global Financial Services, Zomato once again churned out impressive results, with all segments registering healthy growth. For food delivery, the management sees gross order value growth sustaining at over 20% in the near term, slightly lower than in the last few quarters. Blinkit’s stellar growth is complemented by continued improvements in profitability, where it sustained adjusted EBITDA breakeven despite investing in new stores.
Shakti Pumps (India) stood next on the list, reporting a net profit of Rs 92.66 crore for the quarter ended June 2024 against Rs 1 crore in Q1FY24. The company continues to maintain a healthy order book of around Rs 2,000 crore as of June, which is expected to be implemented in the next 15 months.
Net profit of Multi Commodity Exchange increased by 464% YoY in Q1FY25, Adani Enterprises by 116% and Geojit Financial Services by 112%. State-owned lenders Punjab National Bank and UCO Bank also posted 196% and 147%, respectively, rise in net profit in Q1FY25.
Real estate players including Macrotech Developers and Godrej Properties reported a 166% and 316%, respectively, rise in net profit in the June quarter. Brokerage Sharekhan has set a target price of Rs 140 for Punjab National Bank, citing improvement in asset quality and strong outlook.
Suzlon Energy witnessed 200% growth in net profit at Rs 302.29 crore in Q1FY24 against Rs 100.90 crore in the same quarter last year. ICICI Securities said that Suzlon Energy has reported an all-round beat in Q1FY25 with WTG volume of 274MW (up 2x YoY). Order inflow has remained healthy at 1.2GW in Q1, taking the order book to 3.8GW as of Jun 2024.
Geojit Financial Services recently initiated coverage on Suzlon with a target price of Rs 73, citing a de-levered, optimized, profit-making business which has done away with its troubled past and is looking at a vibrant landscape of opportunities in India and abroad.
Other companies that reported over 100% growth in net profit during the quarter under review include Jubilant Pharmova, Lotus Chocolate Company, Greenply Industries, Mahindra Holidays & Resorts India, Sastasundar Ventures, AGS Transact Technologies, Shah Metacorp, Transcorp International, Maharashtra Scooters, Gujarat Cotex, and many more.
.Disclaimer
About Emkay Global Financial Services
Emkay Global Financial Services is a leading financial services company that provides research-based advisory services to investors.
About Geojit Financial Services
Geojit Financial Services is a India-based financial services company that provides research and advisory services to investors.
About Sharekhan
Sharekhan is a India-based brokerage firm that provides research and advisory services to investors.
About ICICI Securities
ICICI Securities is a India-based brokerage firm that provides research and advisory services to investors.
Frequently Asked Questions
How many companies reported over 100% growth in net profit in Q1 FY25?
At least 120 firms have witnessed more than 100% growth in net profit in Q1FY25.
Which company reported the highest growth in net profit in Q1 FY25?
Multi Commodity Exchange reported a 464% YoY growth in net profit in Q1FY25.
What is the target price set by Emkay Global Financial Services for Zomato?
Emkay Global Financial Services has set a target price of Rs 270 for Zomato.
Which company reported a 200% growth in net profit in Q1 FY25?
Suzlon Energy reported a 200% growth in net profit at Rs 302.29 crore in Q1FY24.
Which brokerage firm has set a target price of Rs 140 for Punjab National Bank?
Sharekhan has set a target price of Rs 140 for Punjab National Bank.
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