Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Bajaj Auto announced its earnings for the first quarter of FY20. </li><li>Bajaj Auto’s profits stood at ₹1126 crores as compared to ₹1115 crores in the same quarter last year. </li><li>Its share price jumped by 4% after it announced earnings.</li></ul>Bajaj Auto’s share price jumped by over 4% as the country’s leading two and three-wheeler maker gave up margin for more market share. The company led by Chief Executive Officer Rajiv Bajaj in the domestic motorcycle segment, has a market share of 18.3% against 16.3% in Q1FY19. Meanwhile, in the sports segment, the company continues to enjoy a market share of nearly half the segment. This came at a cost. Overall margins shrank to 16.1% from 18.3% because automobile demand has been on a downtrend last few months. At a time when the sales for the entire two-wheeler industry fell 9%, Bajaj Auto clocked a 1.6% growth in sales between April and June 2019. Bajaj Auto’s profits stood at ₹1126 crores, just a tad higher than the figure the same time last year. It’s consolidated profit after tax stood at ₹1012 crores, down 2.8% from a year earlier. Its total revenue from operations grew 3.8% to ₹ 7,756 crores. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
<div class="flourish-embed" data-src="visualisation/539643"></div>
]]></cdata></div>

Bajaj Auto share price spikes as company gains market share

<keyword id="85462" type="General" weightage="100" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword> Ltd, the holding company for the Bajaj group's financial services companies -- on Friday said it had logged an after tax profit of Rs 754.34 crore for the quarter ended September 30. The company's net profit has jumped 24% year-on-year. In a regulatory filing, the company said for the second quarter that ended September 30, it has earned a total income of Rs 1,019.07 crore (Q2FY23: Rs 689.42 crore) and a net profit of Rs 754.34 crore (Q2FY23: Rs 485.08 crore). The company's consolidated total income of the company rose 25% on-year to Rs 26,023 crore, from Rs 20,803 crore in a year ago period. During the period under review, Bajaj Finserv has booked a dividend income of Rs 953.45 crore up from Rs 635.64 crore booked during the previous year corresponding period. <h2 style="margin-bottom: 35px; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-weight: 400; font-stretch: normal; font-size: 20px; line-height: 28px; font-family: Lora, sans-serif; color: rgb(47, 47, 47); background-color: rgb(255, 255, 255);"> </h2>The company is the holding company for Bajaj Finance Ltd, Bajaj Allianz General Insurance Company Ltd, Bajaj Allianz Life Insurance Company Ltd and others. Bajaj Finserv's scrip after opening at Rs 1,570 on Friday touched a high of Rs 1,593.55 and is changing hands for about Rs 1,583.

Bajaj Finserv Q2 net profit rises 24%, revenue up 25%

<ul class="summary-list"><li>Alphabet shares hit all-time highs Wednesday following first-quarter results that beat expectations. </li><li>Earnings of $26.29 per share came in higher than the $15.82 per share estimate from Refinitiv. </li><li>Alphabet also got authorization from its board to repurchase up to an additional $50 billion of its shares.</li></ul><a href="https://markets.businessinsider.com/stocks/goog-stock">Shares of Google parent Alphabet</a> hit record intraday highs on Wednesday after the company posted first-quarter earnings and revenue that beat Wall Street expectations. The tech giant was also authorized by its board to repurchase up to an additional $50 billion of its own stock.A 34% rise in revenue supported by stronger advertising sales helped the company blow past analyst estimates. Earnings were $26.29 per share, well above the Refinitiv estimate of $15.82 per share and earnings of $9.87 per share a year earlier.Total revenue of $55.31 billion was ahead of the $51.70 billion estimate from Refinitiv. A year ago, revenue was $44.16 billion. The increase reflected consumer activity online and broad-based ad revenue growth, the company said. Traffic acquisition costs came in at $9.71 billion, up from $7.45 billion a year earlier.The stock climbed as much as 5% to $2,397 per share. It's gained 31% year-to-date, driven in part by investors expecting the company to benefit from increased use of search services amid the pandemic."Over the last year, people have turned to <keyword id="6355629" type="DEFINITION" weightage="60" keywordseo="google">Google</keyword> Search and many online services to stay informed, connected and entertained. We've continued our focus on delivering trusted services to help people around the world," said Sundar Pichai, Alphabet's CEO, in a statement.Revenue from Google Search rose to $31.9 billion from $24.5 billion and YouTube ads drew in $6 billion, up from $4 billion in the prior period."We see a permanent shift to digital drawing ever more ad dollars, with particular strength in YouTube as it is the new TV of this decade. Further, we see real momentum across Google as the global economy re-opens in stages and marketing budgets ramp up," said Brent Thill, an equity analyst at Jefferies, in a note.

Google parent Alphabet jumps to record as strong ad sales push 1st-quarter results past Wall Street's forecasts

<keyword id="6359783" type="General" weightage="80" keywordseo="bajaj-auto" source="Orion">Bajaj Auto</keyword> said its consolidated net profit increased 17.51% to Rs 2,020 crore for the September quarter with robust domestic performance driving record revenue. The Pune-based company had reported a consolidated net profit of Rs 1,719 crore in the year-ago period. Total income increased to Rs 11,207 crore for the second quarter of the current fiscal from Rs 10,537 crore a year ago, Bajaj Auto said in a regulatory filing. Bajaj Auto said its revenue from operations registered a new high of Rs 10,777 crore, up 6% year-on-year (YoY). In terms of volume, Bajaj said it sold a total of 10,53,953 units in the quarter under review, down 8% from 11,51,012 units in the year-ago period. Two-wheeler sales in the domestic market were down 19% to 5,05,320 units in Q2 as compared to 6,21,134 units in the year-ago period, while exports were at 3,76,263 units as against 3,97,900 units last year, down 5%. Total three-wheeler sales were at 1,72,370 units in the quarter under review as against 1,31,978 units in the corresponding period a year ago, up 31%. In the domestic market, the company said it clocked its highest-ever quarterly sales at 1,32,236 units as against 73,241 units last year, registering an increase of 81%. Addressing reporters in a virtual earnings call, Bajaj Auto Executive Director Rakesh Sharma said the company has been able to deliver "record breaking" performance in the midst of difficult international trading conditions. He said the drop in volumes of two-wheelers was due to the high base effect of the corresponding period last fiscal. Led by strong performance in the 125cc and above motorcycle segment, Sharma said Bajaj Auto has been able to increase its market share, which, along with better product mix, resulted in better revenue realisation. The domestic business registered a new peak, on the back of six successive quarters of double-digit growth, he added. On the company's electric two-wheeler brand <keyword id="409918" type="General" weightage="50" keywordseo="chetak" source="Orion">Chetak</keyword>, Sharma said after sorting out supply chain issues since March-April this year, Bajaj Auto has been able to increase its market share in the electric two-wheeler segment to 11% in Q2, up from 3% in FY23. The portfolio of the brand would also be expanded, he said, adding that the sales network of Chetak is present in 120 cities as against 90 in the previous quarter. Asked about the penetration of electric two-wheelers, he said it is at around 5% of the overall two-wheeler industry and in the September quarter, it has been "stuck" at monthly sales of about 65,000 units due to increase in prices after the reduction in FAME II subsidy. It has led to consolidation with the top-five players commanding 75% of the market as compared to 50% earlier and the bottom players have been weakened and severely hit. Sharma said one needs to wait and see how electric two-wheelers will grow in future as it will depend on the continuation or changes in the FAME scheme. Commenting on the performance of premium bike <keyword id="52525" type="General" weightage="50" keywordseo="triumph" source="Orion">Triumph</keyword>, he said it has been received extremely well in the market with the model clocking 8,000 units in the first one and half months of deliveries since August. Bajaj Auto will increase monthly production of the model to 10,000 units by the fourth quarter of FY24, up from 7,000 units currently. The company is also planning to start exports of Triumph bikes in the third quarter, while work on taking the brand experience to over 100 cities by the year end is on track from 26 currently, he added. Asked about the company's new launches, Sharma said there will be six upgrades and new launches in the 125 cc and above segment in the next four to five months starting after Diwali. On exports, he said a slow and steady recovery is expected considering the current global geopolitical situation and the difficulties in the financial system. Bajaj Auto said it sustained strong cash generation by adding over Rs 3,600 crore of free cash flow in the first half of the current fiscal. Shares of the company ended marginally up at 5,143.80 apiece on the BSE on Wednesday.

Bajaj Auto Q2 net profit rises 17% to Rs 2,020 crore

<ul class="summary-list"><li><keyword id="6357061" type="SPONSORED" weightage="60" keywordseo="earnings">Earnings</keyword> for <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword> companies are expected to rise by 6% in the first quarter of 2021, according to FactSet data. </li><li>A 6% increase would mark the largest rise since the firm starting tracking the bottom-up EPS estimate in early 2002. </li><li>The energy and materials sectors are on track to post double-digit increases in earnings. </li></ul>Expectations for quarterly earnings growth are at their strongest in about two decades as analysts pencil in the impact of the US economy's acceleration out of recession, led by projections for earnings in the energy sector to more than double.A big wave of financial reports should hit Wall Street in mid-April, with big banks including <a href="https://markets.businessinsider.com/stocks/jpm-stock">JPMorgan Chase</a>, <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> and <a href="https://markets.businessinsider.com/stocks/wfc-stock">Wells Fargo</a> among the companies that will kick off the first-quarter earnings season for 2021.Ahead of that, Wall Street analysts are looking for <a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest">S&amp;P 500</a> 500 companies overall to post a 6% increase in bottom-up per-share earnings, according to FactSet. A 6% rise would represent the largest increase since the financial-data firm began tracking the earnings estimate in the second quarter of 2002. Earnings, on average, are currently expected to come in at $39.86 per share.The bottom-up EPS estimate is an aggregation of the median first-quarter earnings-per-share estimates for all of the companies in the S&amp;P 500, FactSet said in a note published Thursday.The projected 6% increase stands out in part because a bottom-up EPS estimate usually decreases during a quarter. FactSet said during the past five years, the estimate has recorded a decline of 4.2% during a quarter, and during the past 15 years, it has tended to post a decrease of 5.1%.Analysts "may have been too aggressive in their downward revisions to EPS estimates during the first half of 2020 at the height of the COVID-19 lockdowns," wrote John Butters, senior earnings analyst at FactSet, in looking at the factors behind the boost in first-quarter projections.The global economy sunk into recession last year as the coronavirus pandemic forced businesses worldwide to close or reduce operations to curb the spread of the respiratory disease. The US economy contracted by 33% in the second quarter of 2020.But analysts in the third quarter of 2020 began raising their earnings expectations for that quarter and beyond. FactSet foresees US gross domestic product expanding by 5.7% in 2021, higher than the projected 4% rate on December 31.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-with-best-profitability-growth-estimates-gs-2021-4" target="_blank" rel="noopener">Goldman Sachs says buy these 33 stocks now as profits rebound for companies that suffered the most during the pandemic</a>Rising commodity prices and interest rates also appear to be fueling upward revisions. Oil prices have jumped by more than 20% to top $59 a barrel during the first quarter and the <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years">yield on the 10-year Treasury note</a> quickly scaled up above 1.7% during the first three months of this year from 0.92%. The highest percentage increases in bottom-up EPS estimates are for the energy, materials, and financials sectors as they are "likely benefitting from either higher commodity prices (Energy and Materials) or higher interest rates (Financials)," said Butters.Per-share earnings estimates for the energy sector have shot up by 123%, to $2.55 from $1.14, the largest boost in projections among the 11 sectors tracked on the S&amp;P 500 index. The financial sector is forecast to post a collective earnings increase of about 13% for the first quarter."Finally, companies in the S&amp;P 500 have been much more optimistic in their EPS guidance than normal," said Butters, noting that 61 companies have issued positive first-quarter guidance, well above the five-year average of 35."If 61 is the final number for the quarter, it will mark the highest number of S&amp;P 500 companies issuing positive EPS guidance for a quarter since FactSet began tracking this metric in 2006," he said.

US companies are expected to see their strongest profit growth in nearly 20 years after downward revisions were 'too aggressive'

<ul><li>So far, blended quarterly earnings declined 14.5% in the first quarter with 9% of S&amp;P 500 companies reporting, according to a <a href="https://insight.factset.com/sp-500-earnings-season-update-april-17-2020">Friday note</a> from John Butters, a senior earnings analyst at FactSet. </li><li>If earnings do decline 14.5% this quarter, it will be the largest fall since the 15.7% drop in the third quarter of 2009.</li><li>It will also mark the fourth time in the last five quarters that year-over-year earnings have dipped into negative territory, according to Butters. </li><li><a href="https://www.businessinsider.com/">Read more on Business Insider</a>.</li></ul>First quarter earnings are set to post the largest year-over-year decline since 2009, the biggest post-great financial crisis slump. But the worst may be yet to come as the <keyword id="8829783" type="UNKNOWN" weightage="60" keywordseo="coronavirus-pandemic">coronavirus pandemic</keyword> continues to hit businesses. Last week, about 9% of S&amp;P 500 companies reported earnings, according to FactSet. So far, the blended quarterly earnings decline — which includes companies that have reported as well as those yet to report — is 14.5%, according to a <a href="https://insight.factset.com/sp-500-earnings-season-update-april-17-2020">Friday note</a> from John Butters, a senior earnings analyst at FactSet. "Negative earnings surprises reported by companies in the Financials sector were mainly responsible for the increase in the overall earnings decline during the week," Butters wrote. Last week, big banks kicked off the earnings season, with <a href="https://markets.businessinsider.com/news/stocks/morgan-stanley-q1-earnings-plunge-30-below-wall-street-forecasts-2020-4-1029097922??utm_source=markets&amp;utm_medium=ingestgest">Morgan Stanley,</a> <a href="https://markets.businessinsider.com/stocks/gs-stock?utm_source=markets&amp;utm_medium=ingestgest">Goldman Sachs</a>, <a href="https://markets.businessinsider.com/stocks/c-stock?utm_source=markets&amp;utm_medium=ingestgest">Citigroup</a>, <a href="https://markets.businessinsider.com/stocks/jpm-stock?utm_source=markets&amp;utm_medium=ingestgest">JPMorgan</a>, <a href="https://markets.businessinsider.com/stocks/bac-stock?utm_source=markets&amp;utm_medium=ingestgest">Bank of America</a>, and <a href="https://markets.businessinsider.com/stocks/wfc-stock?utm_source=markets&amp;utm_medium=ingestgest">Wells Fargo</a> all reporting lower profits amid the <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword> pandemic.If earnings do decline 14.5% this quarter, it will be the largest fall since the 15.7% drop in the third quarter of 2009. It will also mark the fourth time in the last five quarters that year-over-year earnings have dipped into negative territory, according to Butters. Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-12-safe-durable-small-caps-bofa-2020-4">BANK OF AMERICA: Buy these 12 under-the-radar stocks that have balance sheets perfectly built to weather coronavirus turbulence</a>In the coming weeks, a number of large technology companies are scheduled to report their quarterly earnings, including <a href="https://markets.businessinsider.com/stocks/ibm-stock">IBM,</a> <a href="https://markets.businessinsider.com/stocks/nflx-stock">Netflix</a>, and the other FAANG stocks. Going forward, analysts are predicting more negative earnings in 2020, according to the note. The second quarter is forecast to be the worst this year, with earnings declining 26.6%, FactSet said. Analysts expect a 13.3% drop in the third quarter, and 4.8% drop to round out the year. Read the original article on <a href="https://www.businessinsider.com/q1-earnings-set-fall-most-2009-coronavirus-pandemic-companies-forecast-2020-4">Business Insider</a>

Earnings are set to slump the most since 2009 as coronavirus batters businesses — and forecasts show the worst is yet to come

<ul class="summary-list"><li>Swiss banking giant <keyword id="48085" type="CITY" weightage="60" keywordseo="Credit-Suisse">Credit Suisse</keyword> posted better than expected earnings Thursday, reporting a 75% increase in quarterly profits.</li><li>Credit Suisse reported a 1.3 billion Swiss franc or CHF ($1.33 billion) net profit in Q1 compared to the first quarter of 2019, which it attributed to a "negative tax rate."</li><li>The bank warned, however, that coronavirus will have a large and unknown impact on its business as 2020 progresses.</li><li><a href="https://markets.businessinsider.com/stocks/credit_suisse-stock">Watch Credit Suisse trade live at Markets Insider.</a></li></ul>Swiss banking giant <a href="https://markets.businessinsider.com/stocks/credit_suisse-stock">Credit Suisse</a> posted a 75% increase in profits in the first quarter of 2020, but warned that it expects a significant fall in profitability as the year goes on and the coronavirus pandemic impacts its business.Credit Suisse reported a 1.3 billion Swiss franc or CHF ($1.33 billion) net profit in Q1 compared to the first quarter of 2019, which it attributed to a "negative tax rate."Elsewhere in the bank's results it reported higher-than-expected revenues and earnings per share, as well as increased pre-tax profits and returns on equity.Here are the key numbers versus estimates from Bloomberg: <ul><li>Revenue: CHF 5.78 billion ($5.93 billion) reported versus CHF 5.39 billion ($5.53 billion) expected.</li><li>Adjusted earnings per share: CHF 0.53 ($0.54) per share versus CHF 0.31 ($0.32) expected.</li><li>Net income: CHF1 .3 billion ($1.33 billion) reported, 75% higher from the same period the previous year.</li></ul>The Swiss bank put aside CHF1 billion ($1.03 billion) during the quarter to protect the bank from uncertainty and a drastic fall in oil prices. Thomas Gottstein, chief executive officer of Credit Suisse Group, said "In my first quarter as CEO of the Group, we all witnessed a highly challenging environment with a severe impact from the COVID-19 pandemic."We delivered a resilient performance," he added."The scale of the adverse economic impact of the COVID- 19 crisis is still difficult to assess and we would caution that we may also see further reserve build and impairments in the coming quarters, particularly in our Corporate Bank and other loans, outside Switzerland, as well as from our investments in Asset Management.""Additionally, we would caution that the recovery in advisory and underwriting fees might be limited, at least in the short term until the COVID-19 pandemic eases and the global economy begins to recover."Credit Suisse is the first of many European banks due to announce first quarter earnings during a tumultous time. <div type="image" title="FILE -- In this Nov. 19, 2015 file photo Tidjane Thiam, CEO Credit Suisse, informs the shareholders about a capital increase during an extraordinary general assembly in Bern, Switzerland. Credit Suisse said Chief Executive Officer Thiam is resigning. Thiam will be replaced by Thomas Gottstein, a 20-year veteran of the bank who leads the Swiss unit. (Dominic Steinmann/Keystone via AP)" height="1258" width="2515" msid="75319111" hostid="261"></div>These are Gottstein's first results since taking over in February after the bank's previous chief executive <a href="https://www.businessinsider.com/credit-suisse-ceo-tidjane-thiam-steps-down-after-spying-scandal-2020-2?r=US&amp;IR=TIR=T">Tidjane Thiam was forced to step down in February following an acrimonious spying scandal</a> in which a Credit Suisse banker was allegedly stalked by private investigators after joining rival bank UBS. In light of COVID-19, the Swiss bank has decided to revise its dividend proposal for its Annual General Meeting due to take place on 30 April 2020.Under the revised approach, the board of directors proposed distributing half of the originally proposed dividend at the AGM, before handing out the other half at an extra shareholder meeting in the Autumn, subject to the bank's performance during the expected coronavirus recession.Credit Suisse's stock was little moved on the results, falling about 1% in Swiss trading as of around 4.30 a.m. ET.Read the original article on <a href="https://www.businessinsider.com/credit-suisse-q1-2020-earnings-profits-up-warns-virus-impact-2020-4">Business Insider</a>

You Searched For "bajaj q1 earnings" and got 7 results

Bajaj Auto share price spikes as company gains market share

Sanchita Dash

Bajaj Finserv Q2 net profit rises 24%, revenue up 25%

IANS

Google parent Alphabet jumps to record as strong ad sales push 1st-quarter results past Wall Street's forecasts

Carla Mozée

Bajaj Auto Q2 net profit rises 17% to Rs 2,020 crore

PTI

US companies are expected to see their strongest profit growth in nearly 20 years after downward revisions were 'too aggressive'

Carla Mozée

Earnings are set to slump the most since 2009 as coronavirus batters businesses — and forecasts show the worst is yet to come

Carmen Reinicke

Credit Suisse reports a shock 75% spike in profits, but warns coronavirus is having a 'severe impact' on its business

Saloni Sardana

Popular Keywords

Buying Guides