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Nvidia Share Price: NVIDIA Announces Financial Results for First Quarter Fiscal 2025.

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Nvidia Share Price set to smash expectations with latest earnings announcement?

  • Record quarterly sales of $26.0 billion, up 262% from a year earlier and up 18% from Q4
  • Quarterly cash dividend increased by 150%, post-split, to $0.01 per share.
  • Revenue from data centers reached a record $22.6 billion in Q4, up 23% from Q4 and 427% from the same period last year.
  • Forward stock split of ten to one, operative June 7, 2024

The first quarter of 2024 ending on April 28, 2024, with $26.0 billion in sales for NVIDIA (NASDAQ: NVDA), up 26% from the prior quarter and 18% from the same period the previous year.

GAAP earnings per diluted share for the quarter were $5.98, up 629% from a year ago and up 21% from the prior quarter. $6.12 was the non-GAAP earnings per diluted share, up 19% from the prior quarter and 461% from the same period last year.

“A new kind of data center, called AI factories, is being built to produce a new commodity: artificial intelligence. Companies and nations are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing,” stated Jensen Huang, founder and CEO of NVIDIA. “The next industrial revolution has begun.” AI will increase productivity significantly across almost all industries, improve cost and energy efficiency for businesses, and open up new revenue streams.

The robust and increasing demand for generative AI training and inference on the Hopper platform drove the expansion of our data center. In addition to cloud service providers, generative AI has also reached enterprise, sovereign AI, automotive, and healthcare clients, resulting in the creation of numerous multibillion-dollar vertical industries.

“We’re ready for the next phase of expansion. With the Blackwell platform currently in full production, trillion-parameter-scale generative artificial intelligence is built upon. Our ability to introduce large-scale AI to Ethernet-only data centers is made possible by Spectrum-X. Additionally, with our wide network of ecosystem partners, NVIDIA NIM is our new software product that provides enterprise-grade, optimized generative AI to run on CUDA everywhere, including the cloud, on-premise data centers, and RTX AI PCs.

In order to increase employee and investor access to stock ownership, NVIDIA recently announced a ten-for-one forward stock split of its issued common stock. The Restated Certificate of Incorporation of NVIDIA will be amended to implement the split, leading to a corresponding increase in the number of authorized common stock shares. Nine extra shares of common stock will be distributed to each record holder of common stock as of Thursday, June 6, 2024, at the end of the market. The distribution will take place on Friday, June 7, 2024, following the close of the market. On Monday, June 10, 2024, at market open, split-adjusted trading is anticipated to begin.

Also Read Strides Pharma Reports ₹10.44 Cr in Net Profit for Q4 of FY24

Q1 Fiscal 2025 Summary

GAAP
($ in millions, except earnings
per share)		Q1 FY25Q4 FY24Q1 FY24Q/QY/Y
Revenue$26,044$22,103$7,192Up 18%Up 262%
Gross margin78.4%76.0%64.6%Up 2.4 ptsUp 13.8 pts
Operating expenses$3,497$3,176$2,508Up 10%Up 39%
Operating income$16,909$13,615$2,140Up 24%Up 690%
Net income$14,881$12,285$2,043Up 21%Up 628%
Diluted earnings per share$5.98$4.93$0.82Up 21%Up 629%

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Non-GAAP
($ in millions, except earnings
per share)		Q1 FY25Q4 FY24Q1 FY24Q/QY/Y
Revenue$26,044$22,103$7,192Up 18%Up 262%
Gross margin78.9%76.7%66.8%Up 2.2 ptsUp 12.1 pts
Operating expenses$2,501$2,210$1,750Up 13%Up 43%
Operating income$18,059$14,749$3,052Up 22%Up 492%
Net income$15,238$12,839$2,713Up 19%Up 462%
Diluted earnings per share$6.12$5.16$1.09Up 19%Up 461%

Outlook
Nvidia Share Price outlook for the second quarter of fiscal 2025 is as follows:

  • Revenue is expected to be $28.0 billion, plus or minus 2%.
  • GAAP and non-GAAP gross margins are expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points. For the full year, gross margins are expected to be in the mid-70% range.
  • GAAP and non-GAAP operating expenses are expected to be approximately $4.0 billion and $2.8 billion, respectively. Full-year operating expenses are expected to grow in the low-40% range.
  • GAAP and non-GAAP other income and expense are expected to be an income of approximately $300 million, excluding gains and losses from non-affiliated investments.
  • GAAP and non-GAAP tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items.

“Nvidia’s quarterly results on Wednesday could set the tone for U.S. stock markets and reverberate through companies exposed to the burgeoning artificial intelligence field. The semiconductor company at the center of the excitement over AI’s business potential is expected to report a massive jump in revenue and profit for its fiscal first quarter,” says Zacks Research Director, Sheraz Mian.

Nvidia is expected to report robust earnings once again, fueled by its dominance in the AI sector and strong demand for its GPUs.

“Hotly anticipated earnings announcement from semiconductor behemoth Nvidia. The options market is anticipating a sharp move in the bellwether name after the company releases its earnings results, which may embolden equity bulls or awaken the bears from hibernation,” says José Torres, Senior Economist at Interactive Brokers.

However, the road ahead for NVDA stock may not be as fruitful to investors as in the past, is what Nigel Green, CEO, deVere Group feels, “However, the anticipated share price jump, which we expect to be around 8%, is likely to be less dramatic than previous quarters. This tempered expectation reflects a market that has already priced in much of Nvidia’s rapid growth and stellar performance.”

Also Read IRFC Share Price Increase 3.5% on Q4 Results and Dividend Announcement.

Strides Pharma Reports ₹10.44 Cr in Net Profit for Q4 of FY24

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Strides Pharma Reports Total expenses in the fourth quarter were higher at Rs 984.21 crore as compared to Rs 972.26 crore.

Strides Pharma Science Ltd on Wednesday reported a consolidated net profit of Rs 10.44 crore in the fourth quarter ended March 2024.

Financial Highlights

The company, which posted a consolidated net loss of Rs 13.79 crore in the same quarter a year ago, announced a top management rejig with Executive Chairperson & Managing Director Arun Kumar designated as Executive Chairperson while Executive Director Finance & Group CFO Badree Komandur has been elevated as MD and Group CEO.

Consolidated total income in the quarter under review stood at Rs 1,070.49 crore as against Rs 1,013.49 crore in the same period a year ago, Strides Pharma Science said in a regulatory filing.

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Total expenses in the fourth quarter were higher at Rs 984.21 crore as compared to Rs 972.26 crore.

The board has recommended a final dividend of Rs 2.50 per equity share of Rs 10 each for the financial year ended March 31, 2024, the filing said.

For the year ended March 31, 2024, the consolidated net loss was at Rs 94.31 crore as against Rs 212.33 crore in the previous fiscal.

In FY24, consolidated total income was at Rs 4,090.82 crore over Rs 3,778.71 crore in FY23.

Strides Pharma said it recorded its highest-ever full-year revenue in FY24 driven by growth in the US and other regulated markets.

“The US remains a key market for Strides, having achieved the higher end of the FY24 revenue outlook of USD 250 million, we are well poised to achieve the USD 400 million objective over the next 3 years,” the company said in an investor presentation.

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In other regulated markets, FY24 revenue was at USD 154 million, growing by 19.9 per cent year-on-year.

Strides said as part of the top management changes, Aditya Kumar currently Vice President of B2B Business will now be Executive Director – Business Development; Vikesh Kumar CFO – Front End Markets will become Group CFO & Chief Investor Relations Officer; and Surabhi Loshali, Senior Vice President HR has been elevated as Group CHRO.

“With today’s leadership announcement, we have introduced a well-structured succession and leadership development programme, guided by the board. I am confident that the strong internal talent we have developed over the years will ensure the company’s continued long-term growth,” Strides Pharma Founder, Executive Chairperson & Managing Director Arun Kumar said. 

RVNL Shares Surge 8% After Order Win; Stock Nearly Triples in a Year.

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RVNL Shares Surge 8% After Order Win; Stock Nearly Triples in a Year. surged more than 7.65 per cent to Rs 322.50 on Monday, commanding a total market capitalization of more than Rs 67,000 crore.

Tuesday’s trading session saw a roughly 8% increase in Rail Vikas Nigam Ltd. (RVNL) shares as a result of the company receiving an order from South Eastern Railway. On Monday, the exchange filed with the bourses to notify the firm of the order win.

“Rail Vikas Nigam Limited has received letter of acceptance (LoA) from SER HQELECTRICAL/South Easter Railway for designing, supply, erection, testing and commissioning for upgradation of electric traction system from 1×25 KV to 2×25 KV traction system for Kharagpur section of Kharagpur division of South Eastern Railway to meet 3000 MT loading target,” stated RVNL in its filing.

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Following the announcement of order win, shares of RVNL surged more than 7.65 per cent to Rs 322.50 on Monday, commanding a total market capitalization of more than Rs 67,000 crore. The scrip had settled at Rs 299.65 in the previous trading session on Saturday.

RVNL shares have soared more than 190 per cent from its 52-week low at Rs 110.50 hit on May 31, 2023. The stock has surged more than 80 per cent in the year 2024 so far, while the stock has nearly doubled investors wealth in the last six months period. Even in the last one month, it is up 25 per cent.

Rail Vikas Nigam’s net profit rose 33.2 per cent on year-on-year (YoY) basis to Rs 478.6 crore, with a healthy topline as well as operating numbers. Its revenue from operations during the quarter under review grew 17.4 per cent YoY to Rs 6,714 crore.

At the operating level, the state-run railway company’s ebitda in Q4FY24 rose 21.8 per cent YoY to Rs 456.4 crore over Rs 374.6 crore in a year-ago period, while Ebitda margin came in at 6.8 per cent in the reporting quarter. RVNL’s board also recommended a final dividend of Rs 2.11 per equity share.

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In an separate exchange filing, the company said that the President of India has approved the appointment of NC Karmali as the part-time Government nominee director on the board of Rail Vikas Nigam with immediate effect, till he holds the post of executive director/Gati Shakti, Railway Board or further orders, whichever is earlier.

Incorporated in 2003 by the Ministry of Railways, Rail Vikas Nigam Limited is a project executing agency. It is engaged in the business of mobilization of financial resources, rail project development, enhancing golden quadrilateral and port connectivity by implementing rail projects and raising extra-budgetary resources for Indian Railway project execution.

The PSU counter raised a total of Rs 481.57 crore via its IPO launched in April, 2019. The company issued its shares at Rs 19 apiece. The stock has zoomed about 1,600 per cent or 16 times from its issue price. Each lot of the PSU counter has delivered a return of more than Rs 2.35 lakh to the investors, if held so far.

Meet Indian who once Owned Burj Khalifa Floors, Private Jet, but Sold his Rs 12400 Crore Company for just Rs 74 due to..

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Rags-to-riches stories of people who achieve great heights by rising from humble backgrounds are often inspiring. One such tale is that of Bavaguthu Raghuram Shetty, popularly known as BR Shetty, an Indian businessman who once led billion-dollar companies. Burj Khalifa However, fate took an unexpected turn when he had to  sell his Rs 12,400 crore company for just Rs 74. Yes, you read that right!

Well, let’s delve into the life of BR Shetty and learn about his fall from grace.

Shetty was born on August 1, 1942 into a Tulu-speaking Bunt family, in Karnataka’s Udupi. He studied in a Kannada medium school and completed his pharmaceutical education from Manipal. He also served as the Vice-Chairman of the Municipal Council in Udupi. He married Chandrakumari Shetty and has four children.

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In 1973, he moved to Abu Dhabi from Karnataka for better opportunities with just about Rs 665. He also worked as a pharma salesman for some time. In 1975, the 81-year-old founded a small pharmaceutical clinic, New Medical Centre (NMC). Initially, his wife was the only doctor at the centre. Over the years, NMC went on to become one of the largest private healthcare providers in the UAE. With this, Shetty became a pioneer in the UAE’s private healthcare sector. 

He was included on the Forbes list of India’s 100 Richest People in 2015 and was listed as the 42nd richest person in 2019. He had a net worth of Rs 18000 crore and used to own floors in the iconic Burj Khalifa, had a fleet of luxury cars and a private jet.

In 2019, a UK-based investment research firm, Muddy Waters alleged that Shetty inflated cash flow to show less debt. Subsequently, the allegations triggered a fall in the company’s shares and as a result, BR Shetty had to sell his Rs 12,478 crore company for just Rs 74 at the time to an Israeli-UAE consortium. This is how his fortunes changed overnight.

In April 2020, Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health. Days later, the Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms. On 8 April 2020, NMC went into Administration in the UK due to the company’s insolvency.

Brokerages are still Divided as Shares Price of Balkrishna Industries rise 8% to a 52-week high.

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The management of Balkrishna Industries declined to provide volume growth estimates for FY25 since geopolitical tensions continue to cast doubt on the prospects for demand.

Balkrishna Industries

Early on May 21, shares of Balkrishna Industries jumped 8% to a new 52-week high. The stock maintained its gains from the previous trading day following the release of better-than-expected Q4 earnings.

The tyre maker announced a staggering 87.4% increase in net profit, reaching Rs 486.8 crore from Rs 260 crore during the same time last year.

Strong revenue growth was also seen in the fourth quarter, with revenues of Rs 2,682 crore, up 16% from the same period in the previous fiscal year.

As of 9.40 am, the company’s shares were trading at Rs 2,996.8 per share on the NSE, up 7.1 percent from the closing price of the previous session.

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With an estimated 15% gain, international brokerage Nomura raised its rating for Balkrishna Industries to buy, with a target price of Rs 3,230 per share.

According to the brokerage, the company is about to embark on a demand upcycle, given that rivals globally are also expected to witness a recovery in H2FY25. Nomura predicted that price increases will sustain margins in the future and that Balkrishna Industries’ robust growth momentum will likely continue.

Although Motilal Oswal reported that the company’s results for the quarter ending in March considerably above its projections, the brokerage maintained its neutral rating and raised its price target to Rs 2,535.

There is currently a surge in retail demand in important international markets, and demand in India is still strong. The management did not, however, provide any volume growth guidance for FY25 because of the ongoing geopolitical concerns, which continue to cast doubt on the demand picture in important markets.

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Citi and Kotak Institutional Equities, on the other hand, maintained their sell recommendations.

Kotak pointed out that because of the continuous global unrest, the company’s near-term picture is still uncertain. Shipments may be delayed as a result, thus putting pressure on profits.

Additionally, valuations are looking expensive to the domestic brokerage. Kotak has a target of Rs 2,175 per share, indicating a potential downside of 22 percent.

Over the past year, Balkrishna Industries shares have climbed 30 percent. In comparison, the domestic benchmark Nifty 50 has gained about 23 percent during the same time period.

GIFT Nifty The Trading Setting for the Current Session Displays here; Down 40 Points.

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GIFT Nifty 40 points less The equities markets on Tuesday began the day slowly but gradually picked up steam to close the day higher. Analysts say that domestic equities are consolidating inside a range, showing strength at lower levels with purchases made at each dip.

“We expect range trading and favourable bias in the market overall. Siddhartha Khemka, Head of Retail Research at Motilal Oswal, said that consumer confidence statistics from the US and Europe will be of interest to investors worldwide.

“We continue to believe that, unless the Nifty decisively breaks over 21,900 levels, we should adhere to our “buy on dips” strategy. However, the SVP of Technical Research at Religare Broking advises traders to proceed with extra caution when selecting stocks with mixed participation and to avoid high beta counters.

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State OF The Market

GIFT Nifty Live The previous SGX Nifty is down 40 points, which suggests a good start.
The GIFT Nifty on the NSE IX opened on Wednesday at 22,236.50, up 43.50 points, or 0.20 percent, suggesting that Dalal Street was off to a strong start.

  • Tech View: The market is not strengthening enough to see a clear upside breakthrough of the 22200–22300 levels. According to HDFC Securities’ Nagaraj Shetti, any declines to 22000–21950 could present a buy-on-dip chance. The immediate resistance is located at 22300.India
  • India is the VIX: The VIX, a gauge of market anxiety, increased by 0.82% to close at 15.73 points.

US Stocks were Mixed

Tuesday’s finish of U.S. equities was almost unchanged ahead of inflation and other economic statistics that may provide insight into when the Federal Reserve may decide to lower interest rates.
S&P 500 up 0.17%,

Nasdaq up 0.37%, and the Dow down 0.25%

Asian stocks muted

Asian stocks traded within tight ranges on Wednesday after the S&P 500 nudged higher. In New Zealand, the central bank is seen holding interest rates while retaining the threat of a hike amid sticky inflation.

  • S&P 500 futures were little changed as of 9:50 a.m. Tokyo time
  • Hang Seng futures rose 0.2%
  • Nikkei 225 futures (OSE) fell 0.2%
  • Japan’s Topix was little changed
  • Australia’s S&P/ASX 200 fell 0.2%

Dollar firm

The U.S. dollar held steady as traders brushed off durable goods data overnight and awaited the Federal Reserve’s preferred measure of inflation due Thursday for clues on when the U.S. central bank may start cutting interest rates.

Stocks in F&O Ban Today


1) ABFRL

2) Indus Tower

3) Canara Bank

4) SAIL

5) ZEE

Securities in the ban period under the F&O segment include companies in which the s ..

FII/DII action
Foreign portfolio investors were net sellers at Rs 1,509 crore on Tuesday. DIIs bought shares worth Rs 2,861 crore.

Rupee
The rupee slipped by 1 paisa to close at 82.89 against the US dollar in a restricted trade on Tuesday amid withdrawal of foreign funds and increased month-end demand for the American currency

FII data
The net short of FIIs reduced from Rs 29,137 crore on Monday to Rs 27,042 crore on Tuesd ..

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