Page 23 - Corporate Earnings

Just Dial Q3 results: Net profit up 43% to Rs 131 cr, revenue up 8.4%

Just Dial Ltd, a local search engine, has reported 42.7 per cent increase in consolidated net profit at Rs 131.31 crore for December quarter FY25. It had a net profit of Rs 92.01 crore in the October-December period a year ago, according to a regulatory filing from Just Dial, now controlled by Reliance Retail Ventures Ltd. Revenue from operation was up 8.4 per cent at Rs 287.33 crore in the December quarter.The company "achieved its highest-ever quarterly revenue in Q3 FY25, further solidifying its position as a leader in the digital services," said Just Dial in its earning statement. Total expenses were at Rs 215.57 crore, down 1.55 per cent from the year-ago period. Total income during the quarter under review stood at Rs 364.74 crore, up 7.3 per cent. Commenting on the results, Chief Growth Officer Shwetank Dixit said Just Dial's focus remains on driving top-line growth while maintaining operational efficiency. "By enhancing our offerings for users and providing businesses with

REC looks to sell Rs 2,848 cr bad loans in Corporate Power with 98% haircut

REC's exposure to CPL is part of a term loan extended by a consortium of lenders, where its voting share is 19.55 per cent in the liquidation process

Tepid earnings growth in September quarter an Asia-wide problem: Nomura

Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25

E.I.D. Parry Q2 results: Net profit declines 24% to Rs 591.66 crore

Sugar manufacturer E.I.D. Parry India Ltd has recorded a consolidated profit after tax for the July-September 2024 quarter at Rs 591.66 crore, the company said. The city-headquartered Murugappa Group company had registered a consolidated profit after tax of Rs 781.85 crore in the corresponding quarter of last financial year. For the six months period ending September 30, 2024, the consolidated profit after tax fell to Rs 817.53 crore from Rs 1,106.75 crore registered year ago. The total income during the quarter under review went up to Rs 9,399.73 crore, from Rs 9,210.31 crore registered in the year ago period. For the half year ending September 30, 2024, the consolidated total income stood at Rs 16,206.71 crore, as against Rs 16,225.58 crore registered during the corresponding period of last financial year. Commenting on the financial performance, company Whole-Time Director and Chief Executive Officer Muthiah Murugappan said, "the standalone profit of sugar segment was lower in

Uflex Q2FY25 result: Net loss at Rs 64.58 cr; revenue up 14% to Rs 3,781 cr

Packaging materials and solutions company Uflex Ltd has reported a consolidated net loss of Rs 64.58 crore for the second quarter ended September 30, 2024. The company had posted a net profit of Rs 63.31 crore during the July-September quarter a year ago, Uflex said in a late-night regulatory filing on Wednesday. However, its revenue from operations was up 14.66 per cent to Rs 3,781.03 crore in the September quarter. It was at Rs 3,297.45 crore in the corresponding period of the previous fiscal. Uflex's total expenses increased 15.60 per cent in the September quarter of this financial year to Rs 3,791.57 crore. The total income of Uflex was up 13.68 per cent to Rs 3,853.21 crore. Its revenue from 'Flexible Packaging Activities' was up 13.71 per cent to Rs 3,752.57 crore in the September quarter of this financial year. Uflex's revenue from engineering activities was up 53.59 per cent to Rs 130.60 crore in the June quarter. During the quarter Uflex's sales volume was at 66,927 MTP

Goodluck India Q2 results: Net profit increases 30% to Rs 45 crore

Special steel maker Goodluck India on Wednesday reported a 30 per cent rise in profit after tax to Rs 45.06 crore in the September 2024 quarter, helped by higher income. Its profit after tax (PAT) stood at Rs 34.70 crore in the July-September period, according to a regulatory filing. The company's total income rose to Rs 992.65 crore against Rs 887.75 crore in the year-ago period. For the half year ended September 30, 2024, the company's net profit increased by 25.66 per cent to Rs 79.53 crore compared to Rs 63.29 crore. Total income grew by 9.25 per cent to Rs 1,908.33 crore from Rs 1,746.80 crore in the six-month period of the preceding fiscal. Sales volume surged by nearly 9.40 per cent to 2,00,489 lakh tonne in H1FY25 against 1,83,256 LT in H1FY24. "It has been an exceptionally good quarter for us where we have witnessed a significant growth in both our volume and value sales. While the volume growth in sales is backed by robust demand from almost all quarters of the industry

NBCC Q2 results: Net profit jumps 53% to Rs 125.13 cr on higher income

State-owned NBCC (India) Ltd on Wednesday reported a 53 per cent increase in its consolidated net profit at Rs 125.13 crore for the quarter ended September on higher income. Its net profit stood at Rs 81.90 crore in the year-ago period. Total income rose to Rs 2,525.95 crore during the second quarter of this fiscal from Rs 2,134.36 crore in the corresponding period of the preceding year, according to a regulatory filing. NBCC is into project management consultancy and real estate businesses.

Kalyan Jewellers Q2 results: Net profit declines 3% to Rs 130 crore

Jewellery retailer Kalyan Jewellers on Tuesday reported a 3.37 per cent decline in consolidated profit after tax (PAT) to Rs 130.32 crore during the September quarter. The company's PAT stood at Rs 134.87 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Revenue from operations of the company witnessed a 37.39 per cent growth during the quarter under review at Rs 6,065.48 crore compared to Rs 4,414.53 crore in the same period of the previous year. The company said there was a one-time loss of Rs 69 crore due to reduction in customs duty in India during the second quarter of FY25. "We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said.

Patel Engineering Q2 results: Net profit grows 95.05% to Rs 73.44 crore

Patel Engineering Ltd on Wednesday reported a 95.05 per cent rise in consolidated net profit after tax to Rs 73.44 crore in the quarter ended September 30, 2024 on account of higher revenues. It had posted a Rs 37.65 crore net profit after tax (PAT) from continuing operations during the year-ago period, the company said in a regulatory filing. Total income of the company rose to Rs 1,230.98 crore in the July-September quarter, from Rs 1,046 crore in the same period a year ago. As of September 30, 2024 the consolidated gross debt of the company stood at Rs 1,437.7 crore, compared to Rs 1,885.5 crore as on March 31, 2024. "Our performance in Q2FY25 highlights continued growth and operational efficiency, with revenue increasing by 14.98 per cent and significant gains in profitability, despite it being a monsoon period," said Kavita Shirvaikar, Managing Director. Patel Engineering in a statement said the quarter saw significant project progress across key sectors such as hydro-power,

3M India Q2 results: Net profit falls 8.4% to Rs 134 crore as costs bite

The company, whose products range from "Post-it" notes to power tools, reported an 8.4% fall in profit after tax to 1.34 billion rupees ($15.9 million) for the second quarter ended Sept. 30

PTC India Q2 results: Net profit rises 16% to Rs 234 cr on higher revenues

Power trading solutions provider PTC India on Tuesday posted a nearly 16 per cent rise in its consolidated net profit to Rs 233.82 crore for the September quarter on higher revenues. The company had reported a consolidated net profit of Rs 202.31 crore in the quarter ended September 2023, a BSE filing showed. Its total income rose to Rs 5,133.63 crore in the quarter from Rs 5,088.29 crore a year ago. The Board of Directors of the company in its meeting held on November 12, 2024, approved the appointment of Rajneesh Agarwal as the nominee director of NHPC Ltd on the board, the filing stated. In a separate statement, the company stated that the trading volume rose 13 per cent in Q2 FY25 to 24,039 MU (million units compared to 21,326 MUs in Q2 FY24. The consulting income for Q2 FY25 stood at Rs 10.30 crore while the core trading margin stood at 3.60 paise per unit, it informed. PTC India Chairman and Managing Director Manoj Kumar Jhawar said, "A healthy mix of volume from trades acr

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