Page 23 - Corporate Earnings

Uno Minda Q2 results: Net profit increases 11% to Rs 266 cr, Ebitda up 20%

Auto components maker Uno Minda Ltd has posted an 11 per cent growth in consolidated profit after tax (PAT) at Rs 266.1 crore in the September quarter. The company had posted a consolidated net profit of Rs 237.16 crore in the year-ago period, it said on Tuesday. Revenue from operations grew 18 per cent to Rs 4,244.79 crore during the previous quarter from Rs 3,621.30 crore in the September quarter of FY24, Uno Minda said. The growth was driven by multiple segments led by lighting, switches, casting, sensors, and controllers, it said. The company said it continues to outperform the industry with revenue growth of 17 per cent vis-a-vis industry volume growth of 9 per cent. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the September quarter stood at Rs 482 crore, up 20 per cent from Rs 402 crore a year ago, the company said. "We have delivered yet another strong quarterly performance, with highest-ever quarterly revenue for the quarter," Uno Minda

Jai Balaji Ind Q2 result: PAT falls 24% to Rs 153 cr, proposes stock split

Post-tax profit of Jai Balaji Industries, manufacturer of ductile iron (DI) pipes, TMT bars, ferro alloys and sponge iron, declined 24.01 per cent at Rs 153.16 crore during the second quarter ending September 2024, as against Rs 201.55 crore in the similar quarter the previous fiscal. The company's board also proposed a stock split of its equity shares of face value of Rs 10 each paid up into five equity shares of face value of Rs two each. Chairman and managing director of Jai Balaji Aditya Jajodia told reporters on Tuesday that the decline in net profit during the quarter had been due to a provision for deferred tax of an amount of Rs 60 crore. Revenue from operations of the company, which has plants at Durgapur in West Bengal and Durg in Chattisgarh, during the second quarter of 2024-25 remained flat at Rs 1556.57 crore as against Rs 1546.63 crore in the similar previous period. He said the board has decided to go for stock split to increase liquidity of the company's shares in

Samvardhana Motherson Q2 results: PAT rises over four-fold to Rs 880 crore

Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory

Stock market traders mete out stiffer penalty to firms missing earnings

A net income miss for Nifty 50 Index companies triggered a median decline of nearly 1.9 per cent in the stock prices in the current reporting season

Godfrey Phillips India Q2 results: Net profit up 23% at Rs 248.31 crore

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales. The company posted a consolidated net profit of Rs 202.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPIL) said in a regulatory filing. Consolidated total revenue from operations stood at Rs 1,651.42 crore in the quarter under review compared to Rs 1,374.55 crore in the year-ago period. Total expenses in the second quarter were higher at Rs 1,415.89 crore against Rs 1,194.03 crore a year ago. Revenue from cigarettes, tobacco and related products in the second quarter stood at Rs 1,610.06 crore compared to Rs 1,258.48 crore in the corresponding period last fiscal, the company said. On the other hand, revenue from retail and related products was lower at Rs 38.79 crore over Rs 117.26 crore in the same period last fiscal, it added. The company's board had on Apri

UPL Q2 results: Net loss widens to Rs 433 cr on lower agrochemical prices

The company reported a consolidated net loss of Rs 443 crore ($52.5 million) for the three months ended Sept. 30 from a loss of Rs 189 crore a year earlier

Retail ownership of Indian equities up 800bps in a decade: Morgan Stanley

Morgan Stanley expects Indian markets to deliver a low double digit return in the next decade. However, it expects cash, derivative trading to rise as investors churn aggressively churn portfolios.

Britannia Q2 preview: Here's how analysts' expect Britannia to fare in Q2

Apart from the FMCG giant's September quarter performance, analysts and investors will keep an eye on the company's rural demand environment, raw material cost outlook, and market share trends

Q2 results review: Corporate earnings decline, a first in two years

Net sales growth weakest in a year, too; BFSI sector emerges an outlier

Data Patterns Q2 results: Net profit declines 10% to Rs 30.28 crore

Data Patterns (India) Ltd reported a profit after tax of Rs 30.28 crore for the July-September 2024 quarter, the Chennai-based company announced. The defence and aerospace electronics systems provider had recorded a profit after tax of Rs 33.79 crore in the corresponding quarter of the previous financial year. For the half-year ending September 30, 2024, the profit after tax stood at Rs 63.07 crore, compared to Rs 59.62 crore in the same period last year. Commenting on the financial performance, chairman and managing director Srinivasagopalan Rangarajan said in a statement on Sunday, "We are pleased to report healthy and improved margins during H1 of FY2024-25, driven by our continued focus on operational efficiency and a more favourable product mix. Revenue for the quarter was impacted due to the deferment of the delivery schedule by the customer for completed products." Total income for the quarter under review declined to Rs 103.06 crore, down from Rs 119.15 crore in the same ..

LatentView Analytics Q2 results: Net profit rises to Rs 40.7 crore

LatentView Analytics has reported consolidated profits for the July-September 2024 quarter at Rs 40.7 crore, the company said. The city-based digital analytics consulting and solutions provider has reported a consolidated profit of Rs 34 crore during the corresponding quarter of the last financial year. For the six month period ending 30 September, 2024, the profits went up to Rs 79.6 crore, from Rs 66.8 crore registered in the same period last year. The total income during the quarter under review grew to Rs 231.5 crore, from Rs 172.66 crore registered in the same quarter of the last financial year. For the half year ending September 30, 2024, the total income grew to Rs 427.8 crore, from Rs 338.2 crore recorded during the corresponding period last year. Commenting on the financial performance, company Chief Executive Officer Rajan Sethuraman said, "We are pleased to announce the seventh sequential quarter of revenue growth, delivering Rs 209 crore in revenue and 34.2 per cent gr

India Cements Q2 result: Loss widens to Rs 339 cr, revenue falls 18%

The India Cements Ltd (ICL) on Friday reported widening of consolidated net loss to Rs 339.13 crore for the second quarter ended September 2024. It had incurred a loss of Rs 80.07 crore in the July-September period a year ago, according to a BSE filing from ICL, in which rival Aditya Birla group firm UltraTech Cement has announced to acquire a majority stake. Revenue from operations of ICL was down 18.4 per cent to Rs 1,031.80 crore as against Rs 1,264.39 crore in the corresponding quarter last fiscal. Total expenses were at Rs 1,322.98 crore, down 3.8 per cent. Total income, which includes other income, in the September quarter was down 6.41 per cent to Rs 1,190.75 crore. Shares of ICL were trading at Rs 355.65 per scrip on BSE, down 1.28 per cent.

Ola Electric Q2 results: Loss narrows to Rs 495 crore as sales jump

The Bengaluru-based company said its consolidated loss narrowed to Rs 495 crore ($58.7 million) in the July-September quarter from Rs 524 crore a year earlieR

Whirlpool of India Q2 results: Net profit up 40% to Rs 53.5 crore

Consumer durables maker Whirlpool of India Ltd on Friday reported a 40.13 per cent rise in its consolidated net profit to Rs 53.53 crore in the September 2024 quarter. The company posted a net profit of Rs 38.20 crore during the July-September quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations was 12.58 per cent higher at Rs 1,713 crore during the quarter under review. The same stood at Rs 1,521.56 crore a year ago. Whirlpool of India's total expenses were Rs 1,688.95 crore in the July-September period, up 12.35 per cent. Total income of Whirlpool of India, which includes other income, grew 13.3 per cent to Rs 1,762.32 crore during the reported quarter. Shares of Whirlpool of India Ltd settled 1.65 per cent lower at Rs 2,041.65 apiece on the BSE.

Shipping Corp Q2 results: Net profit jumps multi-fold to Rs 291.44 crore

Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024. The shipping company had reported a net profit of Rs 65.73 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing. SCI's total income rose to Rs 1,491.23 crore during the quarter under review from Rs 1,161.89 crore in the year-ago period. Total expenses also increased to Rs 1,195 crore from Rs 1,113 crore earlier. The shareholders of the company approved the dividend of Rs 0.50 per equity share(face value Rs 10/-each). SCI is the largest Indian shipping company and the only Indian firm engaged in the transportation of LNG.

Shriram Life posts 29% dip in H1 net profit on record volume, premium

Company reports assets under management of Rs 12,310 cr, expects number to be around Rs 13,500 by end of FY25

Orient Cement Q2 results: PAT slides 90.5% to 2.32 cr, sales down 24.5%

CK Birla group firm Orient Cement Ltd on Friday reported a 90.5 per cent decline in net profit to Rs 2.32 crore for the second quarter ended September 2024. The company reported a net profit of Rs 24.62 crore for the July-September quarter a year ago. Its revenue from operations was down 24.5 per cent at Rs 544.02 crore during the quarter under review against Rs 720.57 crore in the corresponding period a year ago. Total expenses of OCL were at Rs 544.47 crore in the September quarter, down 20 per cent. Last month Billionaire Gautam Adani-owned Adani Cement announced signing a binding agreement for the acquisition of OCL at a valuation of Rs 8,100 crore. Its step-down unit Ambuja Cements will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders. It has also announced an open offer to acquire 26 per cent from the market at a price band of Rs 395.40, which opens on December 16, 2024. Shares of Orient Cement Ltd on Friday settled at Rs 336.90

Refex Renewables Q2 result: Loss widens to Rs 13 cr, income at Rs 14 cr

Refex Renewables & Infrastructure Ltd (RRIL) on Friday reported a consolidated loss of Rs 12.69 crore in September quarter, mainly on account of a fall in income. It had posted a Rs 10.48 crore loss in the quarter ended September 2023, the company said in an exchange filing. The company's total income declined to Rs 14.38 crore in the quarter under review, from Rs 21.36 crore in the second quarter last fiscal. The board of the company also approved incorporation of two companies as wholly-owned subsidiaries which would operate in the wind energy sector. The new subsidiaries will be able to explore untapped growth in the wind energy segment and further, it would ensure better feasibility in raising financing from the lenders for the specific project / assets. The board also approved disinvestment of 24.50 per cent equity stake held in its subsidiary Refex Green Energy Limited. "RRIL and Winvision (JV Partners) shall hold equity stake in RGEL (JV entity) in the ratio of 75.5 : 24.5

Tata Motors Q2 results: Net profit declines 9.9% to Rs 3,450 crore

Tata Motors on Friday reported a 9.9 per cent drop in consolidated net profit to Rs 3,450 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing. Its consolidated revenue from operations stood at Rs 1,00,534 crore compared to Rs 1,04,444 crore in the year-ago period, it added. Total expenses stood at Rs 97,330 crore against Rs 1,00,649 crore in the same quarter a year ago, the company said.

Ashok Leyland Q2 results: Net profit increases to Rs 766.55 crore

Hinduja Group flagship Ashok Leyland announced on Friday a consolidated profit of Rs 766.55 crore for the July-September 2024 quarter. The city-based heavy commercial vehicle maker had registered a consolidated profit of Rs 550.65 crore during the corresponding quarter of the previous financial year. The consolidated total income during the quarter rose to Rs 11,261.84 crore, up from Rs 10,754.43 crore in the year-ago period. In a statement on Friday, the company said it maintains over 31 per cent market share in the domestic medium and heavy commercial vehicle segment. "Our focus on profitability continues. We are pleased to have improved our profitability by premiumising our products, addressing cost-reduction opportunities, and continuously enhancing our customer service standards," said managing director and CEO Shenu Agarwal. "Our PAT (profit after tax) for Q2FY is at an all-time high. Our EBITDA (earnings before interest, taxes, depreciation, and amortization) margins have .