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From Tata Steel to Tata Motors, a host of index heavyweight companies have reported first-quarter of FY24 earnings this week. If you have missed tracking the numbers, here is a quick snapshot.

The automaker is seen reporting a 143% YoY rise in net profit to Rs 2,460, according to the average of estimates given by 12 brokerages. Net sales is seen growing nearly 20% YoY to Rs 31,730 crore. Sequentially, the bottomline is likely to decline 6.2% and revenue may drop by about 1%

These circumstances led to unbiased selling in emerging markets as investors sought safer assets with higher yields, further exacerbated by the strengthening of the US Dollar. The collective occurrence of these events elevated the geoeconomic risk landscape to structurally higher levels

Rupee cost averaging, the cornerstone of Systematic Investment Plans (SIPs), may not remain effective in optimizing returns as accumulated amounts grow. The impact of regular SIP contributions on a larger portfolio tends to dilute, reducing the effectiveness of the strategy. Additionally, constantly relying on SIPs may lead to missed opportunities to make lump-sum investments during market downturns that could yield higher returns in the long run.

“As sentiment, technicals and risk of the recession got pushed further out we moved from being underweight stocks to overweight,” said Nathan Thooft, global head of asset allocation at Manulife Asset Management in Boston, who’s reduced his credit exposure in favor of an equity overweight

Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.

Under new CEO, tech major also makes changes to leadership, aligns with business verticals

Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grew by nearly 17% on year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.

NTPC will receive Rs 7,795 crore from the transfer of the coal mining business. This is based on the book value, payable through a combination of cash/equity shares/debt liability, the company said in an exchange filing.

​​Provisions and contingencies for the quarter was Rs 476 crore, compared to Rs 308 crore a year ago. Gross non-performing assets (NPA) as a percentage of the total loans was 2.17% as of June end, compared to 3.36% a year ago, and 2.51% a quarter ago.