HUL Q1 Results | Net profit rises 14% to Rs 2,391 crore, beats estimate
Hindustan Unilever (HUL), India’s largest fast-moving consumer goods (FMCG) company, on July 19 reported a 13.85 percent year-on-year (YoY) rise in consolidated net profit at Rs 2,391 crore for the quarter ended June, which was above analysts’ estimate of Rs 2,191.3 crore. Standalone net profit was at Rs 2,289 crore, up 11 percent YoY.
The company’s revenue from operations rose 19.46 percent on-year to Rs 14,331 crore for the reported quarter, which was also above analysts’ expectations of Rs 13,438.5 crore. The company said the underlying volume growth of 6 percent.
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Results on July 20
Wipro, IndusInd Bank, Havells India, Ceat, Century Plyboards, Gland Pharma, Syngene International, Tata Communications, Hathway Cable & Datacom, JSW Ispat Special Products, Lloyds Steels Industries, Mastek, Agro Tech Foods, MIC Electronics, Newgen Software Technologies, Oracle Financial Services Software, Rane Engine Valve, Reliance Industrial Infrastructure, Sagar Cements, Sasken Technologies, and Som Distilleries & Breweries will be in focus ahead of quarterly earnings on July 20.
RBI panel proposes four-tier regulatory framework for big cooperative banks
A Reserve Bank of India (RBI) committee has recommended a four-tier regulatory framework for urban cooperative banks (UCBs) based on the size of deposits and their area of operations. The differentiated regulatory approach was mainly recommended for key parameters such as net worth, capital to risk-weighted assets ratio (CRAR), branch expansion and exposure limits, according to the central bank.
FII and DII data
Foreign institutional investors (FIIs) have net bought shares worth Rs 976.40 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 100.73 crore on July 19, as per provisional data available on the NSE.
Wipro, Indusind Bank, Indian Havels, Ceat, Century Plyboards, Gland Pharma, Synene International, Tata Communications, Hathway Cable & Datacom, JSW Ispat Special Products, Lloyds Steel Industry, Mastek, Agro Tech Foods, Mic Electronics Mic, New Software Technology, Newgen Organs, Oracle, Oracle, Agro Tech Technicic Financial Services Software, Rane Engine Valve, Reliance Industrial Infrastructure, Sagar Sements, Sasken Technologies, and Som Distilries & Breweries will be the focus before quarterly income on July 20.
The RBI panel proposes a four -level regulation framework for large cooperative banks
The Bank of India Reserve Committee (RBI) has recommended a four -level regulation framework for Urban Cooperative Banks (UCB) based on the size of their deposits and operating areas. The distinguished regulation approach is mainly recommended for main parameters such as net worth, capital for the ratio of weighted assets (CRAR), branch expansion and exposure limits, according to the central bank.
FII and DII data
Foreign Institutional Investors (FII) have shares purchased net worth RS 976.40 Crore, while Institutional Investors Investors (DIIS) shares are sold clean worth RS 100.73 Crore on July 19, according to temporary data available in NSE.
Stock under the prohibition of f&O in NSE
The National Stock Exchange continues to store Delta Corp under the list of F&P ban for July 20 as well. Effects in the prohibition period under the F&O segment including companies where security has crossed 95 percent of the market position limit.