The company's reported Ebitda growth and profit were lower than the underlying performance due to the one-time impact during the quarter.
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Rentomojo Q1 Net Profit Tanks 39%, Revenue Surges 51% To Rs 126 Crore
Stock Market Today LIVE: Sensex, Nifty 50 Trade Higher In Pre-Open; Rupee Opens FlatStock Market Today LIVE: Asian markets traded higher, while the US stock market rallied overnight, with the Nasdaq notching record closing high, led by gains in AI-related stocks.
India vs West Indies T20I Series: Full Schedule, When And Where To Watch, Head To Head Record And SquadsShreyas Iyer will lead the Indian side in the five-match T20I series against the West Indies.
Axis Bank's Strong Loans, FCNR-B Flows Keep Citi, Goldman Sachs Bullish; See Over 32% UpsideAxis Bank mobilised $10.62 billion in FCNR(B) deposits, accounting for around 8% of system-wide FCNR(B) mobilisation, compared with the bank's roughly 5.3% share of system deposits, Citi said.
SIP Allocation: How Much Of Your Take-Home Pay Should You Invest?There is no one-size-fits-all percentage for SIPs, but over the years, investors have accepted certain baseline frameworks for allocation towards investments.
FMCG Q2 Preview: Healthy Topline Growth, But Margin Stress May Weigh On Earnings, Says HDFC SecuritiesHDFC Securities believes that FMCG sector valuations continue to derate amid weak earnings visibility and a waning moat, hence the brokerage maintains its underweight stance and see performance improvement as critical for valuation.
IPO Listing Today: SRIT India vs Shah Investor's Home — Which Has Higher Listing Gain Potential?SRIT India IPO's last recorded grey market premium was Rs 62, implying a potential listing price of Rs 192 and an estimated gain of 47.69%, though not guaranteed.
Auto Q2 Preview: Earnings To Remain Under Pressure Amid Commodity Inflation, Says Motilal OswalMotilal Oswal believes that the recent correction in stock prices across the sector has largely factored in the impact of commodity inflation on earnings, and underlying demand remains strong, and the brokerage believes regular price hikes will gradually offset the commodity inflation and help drive earnings in the medium term.
HDFC Bank In Focus: Bernstein Retains Outperform Call, Expects 63% UpsideBernstein said HDFC Bank's franchise quality, including its deposit franchise and asset quality, has remained resilient over the past few years.
Goldman Sachs Lifts Kotak Mahindra Bank Target Price; Citi Backs Strong Q2 Loan GrowthAccording to Citi, the growth beat was supported by continued strength in corporate banking, SME, LAP and MFI segments. The brokerage said the bank delivered a "marked step-up" in balance-sheet momentum.
Explosions, Fire: Viral Videos Claim Gates At Riyadh Airport Closed, Passengers Evacuated After Houthis AttackThe attacks came as a Saudi-led coalition joined a Yemeni government offensive against the Houthis, with the government saying its forces had retaken the Bab al-Mandab coastline through Mocha.
Riyadh Air Traffic Disrupted? Houthis Claim Widespread Strikes At Airport, Aramco RefineryHouthi military spokesman Yahya Saree said the attacks used drones, ballistic missiles and cruise missiles.