Page 24 - Corporate Earnings

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 .

Bajaj Hindustan Sugar Q2 result: Loss narrows to Rs 76 cr on lower expenses

Bajaj Hindustan Sugar, on Friday reported narrowing of consolidated loss to Rs 76.17 crore for September quarter, helped by lower expenses and complete repayment of sustainable debt. The country's largest integrated sugar producer, which accounts for 14 per cent of Uttar Pradesh's cane crushing, incurred a loss of Rs 122.59 crore a year ago. Revenue in the quarter remained stable at Rs 1,163.26 crore. Total expenses fell to Rs 1,238.95 crore from Rs 1,286.18 crore, according to a regulatory filing. Despite positive EBITDA, the company faced operational challenges including lower sugarcane availability, under-capacity utilization, and reduced by-product production, primarily due to delayed cane payments to farmers. "The debt clearance has significantly reduced our finance costs, improving liquidity for cane payments and development activities," the company said. The outlook appears brighter as the government considers raising the minimum sugar selling price to Rs 39-40 per kg from

Yatharth Hospitals Q2FY25 results: Net profit up 12%, revenue rises 27%

The growth is attributed to higher occupancy rates and an increase in revenue per bed during the September quarter

SBI Q2 results preview: Profit may rise upto 17%, provisions could shoot up

SBI Q2 preview: SBI, India's biggest state-owned bank, is scheduled to report its financial results for quarter-ended (Q2 FY25) and half-year ended (H1 FY25) on September 30, 2024 on November 8, 2024

Trent Q2FY25 results: PAT rises 44.3% to Rs 338.75 cr despite headwinds

Revenue from operations rose 39.4 per cent to Rs 4,156.67 crore in Q2 compared to the same period last year

Brookfield India REIT Q2 FY25 Results: Adjusted NOI grows 40% YoY

The REIT also declared a distribution of Rs 4.60 per unit to its unitholders

Market today: Wall Street hits record as Trump wins, US Fed decision eyed

After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed

Power Grid Corp Q2 results: Net profit almost flat at Rs 3,793 cr

State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year. The company had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023, the company said in a regulatory filing. Total income of the company rose to Rs 11,845.93 crore in the quarter under review from Rs 11,530.43 crore in the same period a year ago. The board also approved payment of first interim dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2024-25. The board also approved the proposal to sell, assign, transfer 26 per cent residual equity shareholding in four associate companies -- POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission to POWERGRID Infrastructure Investment Trust (PGInvIT).

Kansai Nerolac Paints Q2 results: Net profit falls 31% to Rs 123 crore

The company, majority owned by Japan's Kansai Paint Co, said its consolidated net profit fell to Rs 123 crore ($14.6 million) in the three months ended Sept. 30 from Rs 177 crore a year earlier

GE Power India Q2 results: Net profit rises to Rs 67 cr on lower expenses

GE Power India on Wednesday reported a net profit of Rs 66.8 crore in the September 2024 quarter, aided by lower expenses. It had posted a Rs 61.8 crore loss in the year-ago period, the company said in a regulatory filing. Its total income slipped to Rs 244.4 crore compared to Rs 250.8 crore in the July-September period of the preceding 2023-24 fiscal. During the reported period, the company reduced expenses to Rs 235.3 crore against Rs 286.7 crore a year ago.